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Premium Markets 2020-11-30T18:52:53Z
FILE PHOTO: A woman holds a small bottle labeled with a "Vaccine COVID-19" sticker and a medical syringe in this illustration taken April 10, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

Buy these 10 stocks set to soar and smash Wall Street's expectations in the recovery from COVID-19, RBC says

In July, RBC listed their top recovery stock picks - since inception 80% of them outperformed the STOXX 600. Here's their updated selection.
Premium Markets 2020-11-30T18:10:20Z
smiling stock exchange trader happy

Cheap stocks just had their best month ever. A Wall Street expert breaks down why their outperformance is bound to continue over the next 4 to 5 years — and listed 2 bargain stocks to buy to capitalize on the trend.

Investors are shifting into value stocks. Two stocks and three emerging markets are positioned for years of growth, Aspiriant's Dave Grecsek says.
Premium Markets 2020-11-29T13:21:53Z
old school traders

'Equity markets have devolved into casinos': A former Wall Street chief strategist unloads on the toxic narratives fueling a speculative bubble — and implores investors to heed the warnings of 1999 and 2007

Bullish narratives driving the stock market today are full of dangerous holes, warns Peter Cecchini, the ex-market strategist at Cantor Fitzgerald.
Markets 2020-12-01T09:55:00Z

Chinese automaker Kandi plunges nearly 30% after short-seller Hindenburg accused it of fabricating sales to raise $160 million from US investors

The electric vehicle maker's largest customer was found to share a phone number with its own subsidiary, according to the report.
Markets 2020-11-30T21:41:05Z

Dow posts best monthly gain since 1987 on continued vaccine optimism

Optimism about a COVID-19 vaccine helped propel a monthly surge in the Dow Jones of 11.8%, the best since January 1987.
Economy 2020-11-30T21:22:54Z

A government watchdog says the Labor Department has been releasing flawed data — and finds that most states underpaid jobless Americans

The GAO's report signals the virus' economic fallout may be greater than first believed and that aid programs failed to offer timely fiscal support.
Markets 2020-11-30T21:16:42Z

'December's return may be sub-par': A Wall Street chief strategist warns that stocks could limp into year-end after an explosive November

"History hints that December's return may be sub-par as stocks catch their breath from their recent post-election sprint," CFRA's Sam Stovall said.
Markets 2020-11-30T19:46:39Z

Nikola's 25% dive is a good buying opportunity because the company's decision to abandon the Badger pickup means it can focus more on semi trucks, JPMorgan says

General Motors' more modest commitment to Nikola will likely weigh on investor sentiment in the short term, JPMorgan said.
Markets 2020-11-30T19:22:51Z

Guggenheim says it could invest up to $530 million in a bitcoin trust as the cryptocurrency leaps to record highs

Bitcoin surged to a record intraday high of $19,873.23 on Monday, eclipsing its peak in December 2017.
Markets 2020-11-30T18:26:48Z

US pending 真人百家家乐网站home sales fall for 2nd month as high prices cut into housing-market rally

"The housing market is still hot, but we may be starting to see rising 真人百家家乐网站home prices hurting affordability," economist Lawrence Yun said.
Markets 2020-11-30T17:34:18Z

Winklevoss twins say bitcoin will soar to $500,000 and surpass gold as a store of value

Cameron Winklevoss told CNBC that no other asset in the universe can protect against inflation and offer the kind of potential for returns like bitcoin can.
Markets 2020-11-30T17:34:17Z

Ant Group's record-shattering IPO is highly unlikely to get done in 2021, a new report says

The delay in Ant Group's IPO has led some analysts to slash its valuation estimate in half, according to Bloomberg.
Markets 2020-11-30T17:33:21Z
Economy 2020-11-30T17:06:42Z

IMF urges Europe to provide more monetary and fiscal support to prevent further damage to the eurozone economy

Rising infections and re-imposed lockdowns have damaged confidence and raised the risks to the eurozone growth outlook.
Markets 2020-11-30T17:01:04Z

Bitcoin hits all-time high of $19,857, extends year-to-date return to 177%

"The Bitcoin correction didn't last long, with the cryptocurrency having sights set on new highs once again," a senior market analyst at Oanda said.
Economy 2020-11-30T16:47:46Z

Here’s how the US economy could transform under Biden after his appointment of Janet Yellen as Treasury Secretary — starting with sizable stimulus

The former Federal Reserve chair is set to be the first person to lead the Treasury, Fed, and White House Council of Economic Advisers.
Markets 2020-11-30T16:31:13Z

Novavax climbs 11% after announcing data from UK vaccine trial are expected in early 2021

The biotech firm initially fell in premarket trading as investors focused on a second delay to its US and Mexico vaccine trial.
Politics 2020-11-30T16:28:20Z

Top economists and 2 former 2020 presidential candidates are backing a 'vaccine stimulus' that would pay people at least $1,000 to get COVID-19 shots

Andrew Yang is among the unlikely arrangement of figures backing the idea, which includes some top Democratic and Republican economists.
Markets 2020-11-30T16:25:09Z

Nikola slips 25% after striking long-awaited deal with General Motors that doesn't include crucial equity stake

General Motors will no longer take an equity stake in Nikola or help the company build its Badger pickup truck.
Markets 2020-11-30T16:07:26Z

Tesla surges 4% to record high amid approval from China to sell its Model Y SUV

Tesla has already been selling its Model 3 in China, and delivered 13,000 vehicles in the country last month.
Markets 2020-11-30T16:03:23Z

Dow dips, but still on track for best month since 1987 amid vaccine progress

The Dow is on track to post its best monthly gain since 1987 as investors continue to be optimistic about a COVID-19 vaccine.
Politics 2020-11-30T15:51:07Z

Joe Biden may spark his first Senate confirmation fight after controversial pick for a top economic job

Neera Tanden was a key Clinton ally during her 2016 presidential run and sparred with Republicans during the Trump presidency.
Markets 2020-11-30T15:28:00Z

Warren Buffett's Berkshire Hathaway approaches 200% gain on Snowflake in under 3 months

The famed investor's company plowed $735 million into the cloud-data platform in September, giving it a stake worth as much as $2.1 billion today.
Markets 2020-11-30T15:20:44Z

Slack surges 7% on report that Salesforce takeover will be announced Tuesday afternoon at a premium

The news lifted Slack shares to record highs. The company has rallied roughly 64% since reports of a Salesforce deal emerged last Wednesday.
Markets 2020-11-30T15:07:04Z

Moderna soars 16% after announcing plans to file for emergency use ization as results indicate its COVID-19 vaccine is 94% effective

Moderna said the vaccine was more than 94% effective at preventing people in its late-stage trial from becoming ill with the virus.
Tech 2020-11-30T13:55:04Z

DoorDash aims for up to $27 billion valuation in IPO, setting the stage for one of the most high-profile stock-market debuts of the year

DoorDash is looking to raise up to $2.8 billion in its IPO, setting the stage for one of the most high-profile stock market debuts of the year.
Markets 2020-11-30T12:46:31Z

Zappos ex-CEO Tony Hsieh built his company's culture around customer service and made sure it survived Amazon's takeover. Here are the 6 best quotes from his memo announcing the deal

Zappos employees sent flowers and cards to customers, spoke with them for hours, helped them to order pizzas, and even hand-delivered packages.
Markets 2020-11-30T12:19:00Z

Airbnb and DoorDash plan to target higher valuations for their December IPOs, report says

Airbnb plans to target a valuation between $30 billion to $33 billion, higher than its previous estimate of $30 billion.
Premium Markets 2020-11-30T11:56:08Z

A top equity portfolio strategist at Goldman Sachs shares his four essential ESG trends that you need to be thinking about

2020 has pushed ESG investing to the fore of the financial community. Here are the 4 trends Goldman Sachs' Luke Barrs is watching.
Markets 2020-11-30T11:48:00Z

S&P Global strikes all-stock deal worth $44 billion to buy London-based financial data provider IHS Markit

The companies said they expect to generate annual free cash flow above $5 billion by 2023. The deal is expected to close in the second half of 2021.
Markets 2020-11-30T11:44:00Z

10 things you need to know before the opening bell

This is what traders are talking about.
Premium Markets 2020-11-30T11:38:15Z

Warren Buffett expert John Longo explains why Berkshire Hathaway plowed billions into pharma stocks, exited Costco, and ramped up share buybacks last quarter

The , portfolio manager, and finance professor says Buffett's company is wrongly valued as a financial stock.
Markets 2020-11-30T09:40:26Z

European shares retreat as caution over the economic outlook resurfaces after the biggest ever monthly rally

Stoxx 600 edges lower, but still on track for biggest one-month gain ever in November.
Markets 2020-11-29T16:50:34Z

A Hungarian official compared billionaire George Soros, who is a Holocaust survivor, to Adolf Hitler

Szilard Demeter's tirade with Holocaust references sparked outrage from Hungary's Jewish community, who called them "tasteless" and "unforgivable."
Markets 2020-11-29T13:25:00Z

Mohamed El-Erian sounds the alarm on brewing bond-market risks that could plunge the most vulnerable companies into bankruptcy

"People have got to be very careful, especially in high-yield credit and in emerging markets," Mohamed El-Erian told Bloomberg.
Premium Markets 2020-11-29T13:05:00Z

GOLDMAN SACHS: Buy these 16 stocks that are underestimated for now, but should crush expectations in 2021-22 on the way to at least 20% upside

Goldman Sachs' Deep Mehta says these companies are on track to handily beat expectations in 2021 and 2022, and have significant upside.
Premium Markets 2020-11-29T12:00:00Z

Jessica Alsford built Morgan Stanley's ESG research unit from the ground up. Here's how she advises clients on using ESG in their portfolios – along with 4 sustainability trends to watch.

Meet Jessica Alsford, Morgan Stanley's head of global sustainability research, who is pioneering the bank's ESG work. Here's 4 trends she highlights.
Markets 2020-11-28T14:24:04Z

Wharton professor Jeremy Siegel lays out 3 reasons why the record-setting stock rally will be sustainable in 2021

Jeremy Siegel told CNBC that record levels of liquidity will help stocks continue their rally in 2021.
Premium Markets 2020-11-28T14:22:07Z

36-year Wall Street vet David Rosenberg breaks down why the stock market's latest milestone leaves it 'egregiously overpriced' — and warns another near-20% meltdown is in the cards

"From my lens, we do have a market on our hands that looks egregiously overpriced, overbought and overextended," said David Rosenberg.
Markets 2020-11-28T14:21:32Z

Warren Buffett's Berkshire Hathaway built an $8 billion stake in JPMorgan, then virtually eliminated it in 6 months. Here's a look at its unusual bet on the banking giant

Buffett has praised JPMorgan CEO Jamie Dimon many times in the past, and personally owned the bank stock in 2012.
Markets 2020-11-28T14:20:04Z
Premium Markets 2020-11-28T13:15:00Z

The famous Fear and Greed index is flashing warning signals about investors being extremely greedy. A Wall Street strategist breaks down why stocks could still climb another 5% from here — and what could go wrong.

The Fear and Greed index moved into "extreme greed" territory this week, but an Evercore strategist found that the S&P could rise another 5%.
Premium Markets 2020-11-28T13:00:00Z

Buy these 20 deeply undervalued stocks expected to surge in 2021 – including one that could skyrocket 64%, Barclays says

We list the 20 stocks hand-picked by Barclay equity analysts that have the largest potential positive upside for investors into 2021
Markets 2020-11-28T12:00:00Z

Here's what Janet Yellen's appointment as US Treasury Secretary would mean for markets

Markets seem to have confidence in Biden's choice for Treasury Secretary, as evidenced by the record-breaking rally on Wall Street this week.
Markets 2020-11-27T18:28:14Z

What are defensive stocks? Stocks that provide stability to your portfolio regardless of whether the economy is up or down

A defensive stock is a stock that provides consistent returns, no matter the business or market cycle. Its company sells things people always need.
Markets 2020-11-27T18:06:22Z

S&P 500 ends week at record highs as Biden-transition optimism overshadows virus surge

Cboe's VIX, also known as Wall Street's "fear gauge," fell as low as 19.51 on Friday to its lowest level since the pandemic began.
Markets 2020-11-27T16:39:02Z

Bitcoin tumbles another 6%, extending biggest slide since COVID-19 struck

Widespread profit-taking through the Thanksgiving holiday reversed the weeks-long rally that placed Bitcoin within a hair of its 2017 record high.
Premium Markets 2020-11-27T16:14:46Z

Di Zhou's international ESG fund is beating 98% of its peers this year. The investor breaks down her process for selecting winning stocks and explains why Alibaba is the biggest holding in her portfolio.

One of the top ESG fund managers this year shares why she sold Ubisoft Entertainment but kept Alibaba and Luxshare Precision Industry in her fund.
Markets 2020-11-27T15:53:50Z

Tesla just blew past Warren Buffett's Berkshire Hathaway in market value. Here's why that's astounding

Buffett's company earned 10 times Tesla's revenues last year, and had enough cash to buy Musk's company outright in March.
Markets 2020-11-27T15:09:39Z

US stocks climb as investors weigh political clarity against virus risks

Trump said Thursday that he'd pass on power to the Biden administration when the Electoral College confirms the president-elect's victory.
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