Markets News Stocks 

Analysis: Mnuchin warns of Trump’s worst fear: A drop in the markets

“President Trump has bragged about the growth in the stock market more than 30 times since his inauguration” reports washingtonpost.com. He may even do the unthinkable: stop using the markets as his go-to bellwether for how his presidency is proceeding.If a tax bill falters, Trump can take credit for the market’s rise to that point while shunting the drop-off onto someone else.It probably resonates, too, with members of Congress, most of whom have their own investments in the markets.The first is that the Dow ended up dropping back below 23,000,…

Read More
News Stocks 

Chipotle stock slides 2.5% as analysts take bearish tone ahead of earnings

“CMG, -2.49% fell 2.5% Wednesday, as analysts took a cautious view of the stock ahead of third-quarter earnings due next week” writes Ciara Linnane for marketwatch.com. Chipotle shares are down 15% in 2017, while the S&P 500 SPX, +0.14% has gained 14.5% and the Dow Jones Industrial Average DJIA, +0.68% has gained 17%.Wedbush analysts said they are expecting same-restaurant sales growth to fall below consensus of 2.2%, based on early October checks. Source: marketwatch.com Share This:

Read More
News Stocks 

Biogen Could Rise 20% on Healthy Outlook

“The price targets are nearly 15 and 20 percent higher than Biogen’s closing stock price of $344.50 on Tuesday” writes Michael Kramer for investopedia.com. Biogen shares have surged by nearly 33 percent on the year, while the biotech ETF has rallied by almost 38 percent.Biogen Inc. (BIIB) shares jumped 2.6 percent in daily trading after the stock received two upgrades and increased price targets. Source: investopedia.com Share This:

Read More
News Stocks 

Traders are preparing for Amazon to buy Kohl’s — even though Kohl’s says that’s not the plan

“In order to position for this, traders are paring hedges on the company, leaving them more directionally exposed to profit from a stock price increase” writes Joe Ciolli for businessinsider.com. Kohl’s is trying a novel approach to fending off the Amazon-led retail apocalypse: play nice with the enemy. Source: businessinsider.com Share This:

Read More
Markets News Stocks 

Steve Mnuchin says the stock market will tumble if Trump’s tax plan doesn’t pass

“Conversely, said Mnuchin, if the tax bill were to fail it would take out that support system for the market” writes Bob Bryan for businessinsider.com. Perhaps most interestingly, Mnuchin said that the administration is considering changes to the repeal of the state and local tax deduction.Mnuchin added that a tax bill is not “priced in 100%” so if a bill is passed, the market will still go up some.Reconciliation will allow Republicans to pass a tax bill with a simple majority in the Senate, avoiding a Democratic filibuster.”To the extent we get the…

Read More
News Oil Stocks 

US stock indexes mostly higher in early trading; oil up

“U.S. stock indexes were mostly higher in early trading Wednesday as the market added to its modest gains from a day earlier” writes The Associated Press for seattletimes.com. KEEPING SCORE: The Standard & Poor’s 500 index rose less than a point to 2,560 as of 10:14 a.m.The stock added $2.06 to $21.44.Its shares rose $12 to $158.75. Source: seattletimes.com Share This:

Read More
News Stocks 

Kohl’s says it’s not trying to get acquired by Amazon — but traders are preparing just in case

“In order to position for this, traders are paring hedges on the company, leaving them more directionally exposed to profit from a stock price increase” writes Aol Staff for aol.com. Kohl’s is trying a novel approach to fending off the Amazon-led retail apocalypse: play nice with the enemy. Source: aol.com Share This:

Read More
News Stocks 

Cramer: IBM isn’t a Warren Buffett story anymore after earnings

“IBM has successfully managed to shift the story about its stock from billionaire investor Warren Buffett to earnings, CNBC’s Jim Cramer said Wednesday” writes Berkeley Lovelace Jr for cnbc.com. But, after the company’s earnings, Cramer says the talk surrounding Buffett is over and “the IBM story is back.”. “When it got above $180 we actually sold a reasonable amount of stock,” the billionaire investor added. Source: cnbc.com Share This:

Read More
Markets News Stocks 

Mnuchin has an important warning for stock-market investors

“Tax cuts are crucial to maintaining their record-setting ways, according to Steven Mnuchin” writes Mark Decambre for marketwatch.com. Beware, stock market investors!. Check out: Dow industrials on track for push above 23,000, as IBM’s rally provides a lift It isn’t clear, however, that the hope of tax cuts have been the sole cause of those gains. Only 1 out of 4 polled believe that the market will crash:. The Treasury secretary made his comments during a recent interview with Politico and said stocks could take a significant tumble if tax…

Read More