Investing

The stock market has been hitting all kinds of records this week, and Wharton School professor Jeremy Siegel told CNBC on Friday that he does not see that stopping anytime soon. “I think fair market value does give us another 5% or 6% this year” on the S&P 500 with the Federal Reserve signalling interest

James Gorman, Morgan Stanley Adam Galica | CNBC Citi upgraded Morgan Stanley to buy on Friday and said if the Fed cuts rates as expected, that it will “spur capital markets activity.” The firm also said it expects two rate cuts in 2019 and 2020 and raised its target price on the investment bank to

The US flag flies over shipping cranes and containers in Long Beach, California on March 4, 2019. Mark Ralston | AFP | Getty Images This upcoming earnings season is shaping up to be a weak one. Because of uncertainty around trade wars and global growth, a bulk of U.S. companies are lowering the bar for

Customers shop at a Target store in Seattle, Washington. David Ryder | Bloomberg | Getty Images In a world of retail “winners and losers” Goldman Sachs is betting on big-box retailers it feels will shoot up over the next year. The firm recommends Target, Costco, Home Depot and Walmart among others because of their strong

A top strategist at JPMorgan Asset Management said on CNBC Wednesday that the Federal Reserve is “fundamentally making a mistake” with its anticipated rate cut at the end of the month. David Kelly, the chief global strategist at JPMorgan Asset Management, said on CNBC’s “Power Lunch” that he doesn’t think rate cuts will boost the

Chris Rank | Bloomberg | Getty Images The market “threw us a bit of a curve ball” Tuesday as investors avoided reliable defensive stocks even after Wall Street received critical evidence that the global economy is stumbling, CNBC’s Jim Cramer said. BASF, the gigantic German chemical manufacturer connected to the semiconductor, autos, pesticides and consumer

If you’ve been wanting to own shares in the latest generation of space companies, now is your first chance. Social Capital Hedosophia, the investment vehicle of venture capitalist Chamath Palihapitiya, is merging with Richard Branson’s Virgin Galactic in a deal that will open the space tourism company to public investors later this year. Social Capital

Big players on the Wall Street have termed Deutsche Bank’s major restructuring drive as “very deep,” “radical” as well as “challenging.” Deutsche Bank announced Sunday that it will pull out of its global equities sales and trading operations, scale back its investment banking and slash thousands of jobs as part of a sweeping restructuring plan

A salesman carries a Best Buy shopping basket in San Francisco, California. Getty Images Best Buy is undervalued next to its peers as it continues to innovate within consumer electronics and provides more services for its customers, according to Guggenheim. Guggenheim initiated coverage of Best Buy with a buy rating and an $80 price target,

Larry Kudlow, Director of the United States National Economic Council. Adam Jeffery | CNBC Larry Kudlow, director of the National Economic Council, is “very optimistic” about the health of the U.S. economy but believes the Federal Reserve should “take back the interest rate hike” it made in December because of low inflation. “We are still

The logo for the Vanguard Group is shown on correspondence in Zelienople, Pa. Keith Srakocic | AP Vanguard, the non-profit financial giant that single-handedly revolutionized the investment management world, reportedly wants to join the private equity party train. Is this another market that it intends to overhaul by passively managing and micro-pricing index fund offerings

President Donald Trump speaks during a press conference after the G-20 Summit on June 29, 2019 in Osaka, Japan. Tomohiro Ohsumi | Getty Images President Donald Trump lambasted the Federal Reserve yet again on Friday, saying he thinks the economy will “be breaking records” even though the central bank has rates set too high. “If

The outlook for Chinese stocks may be risky given the uncertain state of U.S.-China trade relations. But Lewis Kaufman, a portfolio manager at Artisan Partners, thinks investors should buy them anyway. “Regardless of what ultimately happens with the China trade tensions, there is a robustness to China that doesn’t exist anywhere else in the emerging

Attendees visit the Electronic Arts (EA) Inc. display at the E3 Expo in Los Angeles, California. Patrick Fallon | Bloomberg | Getty Images Shares of Electronic Arts fell more than 5% Friday morning after initial viewership numbers for a new release failed to reach previous highs. The video game company released season 2 of the

President Donald Trump’s prospective Federal Reserve nominee sees an economy that is booming and thinks the central bank should not be a force standing in its way. Judy Shelton told CNBC that Friday’s strong jobs report is a good example of fiscal policy working, though she has expressed reservations about the Fed’s actions. The June

A trader works ahead of the closing bell on the floor of the New York Stock Exchange, June 19, 2019 in New York City. Drew Angerer | Getty Images Government policy uncertainty and a poor earnings outlook will keep the stock market from rallying any further this year, according to Goldman Sachs. Low interest rates

CNBC’s Jim Cramer said Wednesday that investors should be buying, not selling, Canopy Growth stock following the firing of co-CEO Bruce Linton. Linton told CNBC earlier Wednesday that he was “terminated” from the Canadian pot company that he founded six years ago. Shares of Canopy — up about 50% year-to-date — were dropping about 4% in

Traders Gregory Rowe (R) and Peter Tuchman work on the floor of the New York Stock Exchange (NYSE) ahead of the closing bell, June 21, 2019 in New York City. Drew Angerer | Getty Images With the S&P 500 up more than 19% already this year, investors are scrambling to find the next big winners. According

Tesla‘s better-than-expected delivery numbers may buy the electric auto maker time, but they’re not a quick fix for more fundamental issues, Roger McNamee told CNBC on Wednesday. “This quarter doesn’t solve anything, but it’s way better than what people were expecting,” said McNamee, a venture capitalist turned Silicon Valley critic. Tesla shattered Wall Street’s expectations

White House trade adviser Peter Navarro listens to a news conference about a presidential executive order relating to military veterans outside of the West Wing of the White House in Washington, March 4, 2019. Leah Millis | Reuters U.S.-China trade talks may have restarted, but a potential deal is still a long way off, White

Utah added nearly 50,000 jobs last year, spurring a housing boom in  the Beehive State. George Frey | Bloomberg | Getty Images Housing is providing another in a line of troubling signs pointing to a substantial economic downturn. A Federal Reserve economist, in fact, says the current backdrop is similar to recent slumps, with several

Traders work the floor of the NYSE. Brendan McDermid | Reuters The bull market celebrated its 10-year anniversary with one of its strongest first halves on record, but the second half of 2019 could present some turbulence for the market. The S&P 500 rose more than 17% in the first half, making this the best

Gas prices over $4.00 a gallon are displayed at a gas station on May 24, 2019 in Mill Valley, California. Justin Sullivan | Getty Images California’s already-high gas prices jumped up again on July 1, with a new 5.6 cents per gallon gasoline tax hike. The increase brings the average price per gallon in California

SpaceX owner and Tesla CEO Elon Musk reacts during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019. Mike Blake | Reuters UBS slashed its earnings forecast and price target for Elon Musk’s Telsa, the firm said Friday. Improved deliveries in the second quarter could drive Telsa shares in the near

Traders work at the Coty booth on the floor of the New York Stock Exchange. Jin Lee | Bloomberg | Getty Images Beauty company Coty is by far the best-performing stock in the S&P 500 so far this year. Shares of the cosmetics distributor are up more than 100% in 2019, while the S&P 500

Norma Butterfield, mother of Slack Technologies CEO Stewart Butterfield, rings a ceremonial bell along with New York Stock Exchange (NYSE) President Stacey Cunningham during the Slack direct listing in New York, U.S. June 20, 2019. Brendan McDermid | Reuters Casey Stengel once said, “Never make predictions, especially about the future.” If you’re looking to prove

Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images It may be happenstance but it also wouldn’t be extraordinary for a company of scientists and rocket engineers, nor the first time Elon Musk pinned a

Will there be a truce, a deal or a further breakdown? All eyes are on this weekend’s G-20 showdown between President Donald Trump and Chinese leader Xi Jinping. For investors on edge about the trade outcome, here are the make-or-break stocks with the most to win or lose, according to Goldman Sachs. The bank screened

Traders work the floor at the NYSE . Brendan McDermid | Reuters January has long held strong predictive power for the direction of markets over the rest of the year, and 2019 is proving no exception. That’s good news for stocks, which stand to gain significantly ahead if the current trend stays in place, according

UnitedHealth Group signage is displayed on a monitor on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Insurer UnitedHealth is Wall Street analysts’ favorite stock based on highest percentage of buy ratings. In addition to the Minnesota-based healthcare company, financial services company Visa, technology giant Microsoft and pharmaceutical company