Both Amazon.com (NASDAQ:AMZN) and Google’s parent company,Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), are trading near their all-time highs. Amazon’s stock has climbed so much in the past 12 months, it’s made its founder and CEO Jeff Bezos the second wealthiest person in the world, recently surpassing Warren Buffett and Amancio Ortega. Alphabet shares are up a modest 11%, compared with....More>>>
The next leg up for gold might be the true test for the stock market, says one technician.
“You’ve got to get a break above $1,365 specifically to really suggest that gold is starting a new leg higher,” Craig Johnson, chief market technician at Piper Jaffray, told CNBC’s “Trading Nation” on Friday. “If we get this break above $1,365, I got to tell....More>>>
Teck Resources (NYSE:TECK) performed exceptionally well in 2016, rising from the low single digits to the mid-$20s. I don’t think the stock will repeat that strong performance in 2017. However, I do think the stock will outperform the S&P 500 with strong double-digit gains. Teck Resources’ recent 20% pullback has the stock at an oversold level. The stock remains undervalued as compared....More>>>
Cowen’s Oliver Chen and team call Signet Jewelers (SIG) a “‘must have’ stock” following yesterday’s earnings. They explain why:
SCOTT EELLS/BLOOMOBERG NEWS
We continue to see multiple positive catalysts of sales & earnings growth over the long-term, including: agile leverage of proprietary brand portfolio (~31% of mix), inelastic bridal....More>>>