Stocks Struggle as Tech Shares Fall; Dollar Slides: Markets Wrap
Bloomberg–10 hours ago
Stocks in Europe struggled for traction after a mixed session in Asia, amid trading thinned by a holiday-shortened week. The dollar weakened against most G-10 peers as investors await the release of U.S. consumer-confidence data.
Chinese Stocks Drop in Holiday-Thinned Trading
Wall Street Journal–Dec. 25, 2017
Chinese stocks fell on Christmas Day, extending this year’s underperformance in a slow session in which most global markets are closed. But Japan’s benchmark crept up to set another 26-year closing high. The Shanghai Composite Index fell 0.5% to 3280.46 amid continued weakness in small-caps, more …
Oil Surges Past $59 as Apple Drags on Tech Stocks: Markets Wrap
Bloomberg–17 hours ago
The major European stock exchanges were shut and markets overall were quiet as the stellar year for risk assets crawls to its end, with the possible exception of the cryptocurrency roller coaster. Next year could bring more drama, with tensions simmering between the U.S. and Russia, Italy’s parliament set …
Pareteum Doubles as Crypto Proxies Ride Bitcoin Coattails Higher
Bloomberg–20 hours ago
The company’s stock fell 9.1 percent Tuesday. It’s still up more than 150 percent since the name change. Bitcoin Investment Trust, a structured note that tracks the price of the digital token, jumped 22 percent. The publicly traded vehicle’s price exceeded the value of the bitcoin it holds by almost 100 percent …
Updating The Portfolio And Assessing My 2016 And 2017 Stock Picks
Seeking Alpha–13 hours ago
Often I am buying shares the day I submit the articles. Indeed my cost basis typically is close. Translation: I put my money where my mouth is. While I didn’t write up at all for a couple of years, I rejoined the fray here in early 2016. In 2016, I recommended 5 financials and 3 other stocks. The financial industry …
US Stocks Edge Lower
Wall Street Journal–20 hours ago
U.S. stocks edged lower in their first day of trading since the Christmas holiday. Declining shares of Apple and some of its parts suppliers pulled major indexes down, while financial firms also struggled. That offset gains among energy companies and several major retailers that got a boost after new data …
Why the Stock Market Is Rising
Foreign Affairs–Dec. 15, 2017
“The reason our stock market is so successful is because of me,” U.S. President Donald Trump bragged to reporters last month. There is no arguing that markets have been buoyant since his election thirteen months ago: the S&P 500 index is up 28 percent. But is the president right to credit himself? A wider …
Bastion of Financial Stability Is Now Home to Marijuana Startups …
Bloomberg–Dec. 22, 2017
1 for “marketing services” with Future Money Trends, paid for with 1.3 million stockoptions and C$1 million in cash, according to filings and disclaimers. In the first week of trading, Hive shot up more than 500 percent as nearly a dozen articles streamed onto three websites, exhorting readers to buy the stock.
Commodities Are ‘Screaming to Be Bought’
Bloomberg–20 hours ago
The Standard & Poor’s GSCI Total Return Index, which tracks 24 raw materials, is hovering near a record low valuation relative to the benchmark S&P 500 U.S. stockindex. That suggests a major and extended 10-year bull market run starting in 2018, said Shawn Hackett, the president of Hackett Financial …
3 Post-Christmas Stock Picks
TheStreet.com–19 hours ago
Remark Holdings Inc (MARK) is my Stock of the Week, and continues to develop well. I started positions in new IPO, iClick Interactive Asia (ICLK), and low-priced AI play, Ekso Bionics (EKSO) . Get an email alert each time I write an article for Real Money. Click the “+Follow” next to my byline to this article.
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