US stock futures edge higher as UK faces a hung parliament

By Google News

James Comey, former director of the Federal Bureau of Investigation (FBI), listens during a Senate Intelligence Committee hearing in Washington, D.C., U.S., on Thursday, June 8, 2017. Comey in prepared remarks to the committee said U.S. President Donald Trump sought his loyalty and urged him to drop the investigation into former National Security Advisor Michael Flynn. Photographer: Andrew Harrer/Bloomberg via Getty Images

US stock futures edge higher as UK faces a hung parliament

CNBC
U.S. stock index futures pointed to a higher open on Friday, following results of the U.K. election, with Theresa May’s Conservative party losing its outright majority in parliament.

Cramer’s lightning round: Buy this stock—even though it’s boring

CNBC
It’s that time again! Jim Cramer rang the lightning round bell, which means he gave his take on caller favorite stocks at rapid speed: Valvoline Inc.: “I like Valvoline because it’s a boring, slow-growth stock that doesn’t cause you problems that is at

Cramer revisits a pre-FANG acronym to see if those stocks kept growing

CNBC
Before there was FANG, Jim Cramer’s acronym for the stocks of Facebook, Amazon, Netflix, and Google, now Alphabet, the “Mad Money” host had another group of growth stocks to watch. “Lately, I’ve gotten so sick of hearing about how FANG’s finished, …

This stock market rotation could add some spark to Friday’s trading

CNBC
In that environment, the FANG and other tech stocks could continue to do well but financials could move up to a leadership role.

Nasdaq closes at record as stocks edge up following Comey testimony

MarketWatch
However, Wall Street investors have signaled that events don’t appear to threaten the stock market’s extended push into record territory, which has been driven by President Donald Trump’s promises of tax cuts, infrastructure spending and deregulation.

Top Dem wants feds to probe GOP ‘stock trading scandal’

The Hill
Y.) urged the Securities and Exchange Commission, Justice Department, House Ethics Committee and the Office of Congressional Ethics (OCE) to launch investigations into what she described as a “major stock trading scandal among House Republicans.”.

Stocks rise modestly, led by banks

Los Angeles Times
Financial companies led U.S. stock indexes up Thursday, nudging the Nasdaq composite index to a record high. The latest gains came as the stock market continued to trade mostly in a narrow range in the absence of major new economic data and ahead of …

Cramer: Here’s how this anti-Trump software stock has managed to rally

CNBC
In such a strong market, Jim Cramer finds it fruitful to single out the big winners, the stocks that, rather than being lifted by the market’s strength, are actually driving it.

Need an antidote to the Triple Threat? This unloved stock is poised for revival

MarketWatch
Mayhem for global stocks could still come if the opposition Labour Party wins the U.K. general election or the vote ends in a hung parliament (check out what voters there have to say about it all), though Wall Street won’t get the final result today

Alibaba’s record stock surge sends Yahoo shares toward 17-year high

MarketWatch
Yahoo Inc. investors may be a little more forgiving about the company’s delay in spinning off its large stake in Alibaba Group Holding Ltd.

Stocks are one bad headline away from 5-7% drop: Expert

CNBC
The stock market is “one bad headline” away from a 5 percent to 7 percent drop, expert Jack Bouroudjian warned on Wednesday.

Stocks Pull Off Narrow Win, But These Four Soared To New Highs

Investor’s Business Daily
Tech stocks once again set the example as a late rally on Thursday hauled the Dow industrials and the S&P 500 out of shallow losses to a positive finish.

Nvidia Stock Could Double In Bull Case; eBay, PayPal Hit Highs On Analysts

Investor’s Business Daily
“Looking forward, we believe stock is not pricing in continued growth in data center sales,” said analyst Atif Malik in a report.

Pembina Pipeline: A Great Monthly Dividend Stock For A Roth IRA

Seeking Alpha
Pembina Pipeline (NYSE:PBA) is a Canadian petroleum and natural gas pipeline operator, which recently announced a mega acquisition of competitor Veresen in a $9.7 billion stock and cash deal. With a dividend yield approaching 5% (and a monthly …

Alibaba Stock Catapults To All-Time High

Barron’s
Alibaba’s stock rise Thursday represented its largest percentage increase on record, according to Dow Jones Newswires, and preliminary data showed 80.912 million Alibaba shares traded hands, the highest volume since Nov. 30, 2015.

Nordstrom Stock Spikes 16% As Company Explores Going Private

Forbes
Upscale retailer Nordstrom JWN +15.49% could be going private — and the news appears music to the public market’s ears. Shares of Nordstrom are spiking in early Thursday trading following the company’s announcement that it is considering going private.

UK stock futures slide as election points to hung parliament

MarketWatch
U.K. stocks are set to kick off Friday trading in negative territory after early results from the country’s general election pointed to a hung parliament.

Alibaba’s stock enjoys record rally to record close

MarketWatch
The stock shot up $16.70, or 13.3%, to a closing record of $142.34. The previous biggest one-day price gain was $6.48 on Aug. 12, 2016, while the previous one-day percentage gain was 8.9% on Feb. 16, 2016.

Exxon Mobil Stock Seen Reaching $90

Barron’s
Given the year-to-date pullback in the stock, however, those premiums have retreated to 4% versus our 2017 forecasts and a 4% discount against our 2018 forecasts.

Stocks Defend Narrow Gains; 3 China Names Top Buy Points

Investor’s Business Daily
Stocks staged a mixed open Thursday, as oil and gold prices eased and investors kept a wary eye on events in Washington D.C.

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