Nike’s results offer a clue about the strong dollar and the upcoming earnings season

How has the strong dollar impacted big multinational companies this quarter? Nike ‘s results after the bell on Thursday may offer a good preview of what’s to come as earnings season kicks into a high gear in mid-October. The sneaker and apparel giant saw a currency headwind of about 6 percentage points in its fiscal … Read more

Citi’s top stock strategist expects a market risk-on rally in the fourth quarter

The stock market should see better days ahead as it heads into the end of the year, according to Citi. On Thursday, the stock market erased gains it made in the prior session, while bond yields moved higher. Wednesday’s rally came after the S & P 500 made a new low for the year. “We … Read more

Wells Fargo initiates coverage of Coinbase with an underweight rating

A challenging economic environment will pressure shares of Coinbase going forward, making now a good time to sell, according to Wells Fargo. The firm on Thursday initiated coverage of the cryptocurrency company with an underweight rating and a $57 price target, implying that shares will fall more than 15% from where they closed Wednesday. The … Read more

Bank of America downgrades Apple, says weak consumer will cause stock’s outperformance to end

Shares of Apple are running out of room to grow in the near-term, according to Bank of America. The bank on Thursday downgraded the tech giant to neutral from buy and cut its price target on the stock to $160 to $185, citing the stock’s recent outperformance and incremental risk to earnings and valuation in … Read more

Pension fund panic led to Bank of England’s emergency intervention

The Bank of England on Wednesday launched a historic intervention in the U.K. bond market in order to shore up financial stability, with markets in disarray following the new government’s fiscal policy announcements. Bloomberg | Bloomberg | Getty Images LONDON – The Bank of England launched a historic intervention to stabilize the U.K. economy, announcing … Read more

Porsche shares rise in landmark Frankfurt debut

Porsche shares rose in their stock market debut Thursday, in one of the biggest public offerings in Europe ever. Shares of the iconic sports car brand initially traded at 84 euros ($81) on Thursday morning after they had been priced at the top end of their range late Wednesday, at 82.50 euros. It values the … Read more

What Cramer is watching Wednesday — oversold market bounce; promising Alzheimer's drug

Our trusted S&P Oscillator at minus 12.6. That indicates extremely oversold conditions.

Investors favor dividend payers and value stocks as market hits new bear low, CNBC survey shows

With the market turmoil raging on, the majority of Wall Street investors are now favoring dividend-paying stocks and value names into the end of the year, according to the new CNBC Delivering Alpha investor survey. The S & P 500 hit a new bear market low on Monday, taking out its prior low in June … Read more

With the dollar surging, these ETFs could help bolster your portfolio

The surging U.S. dollar is causing havoc in global currency markets, and that appears to be spilling into the equity markets. For investors who want to limit the damage caused by currency swings, there are some exchange traded funds that have performed well this year and could continue to do so if the dollar’s move … Read more

Jefferies upgrades Las Vegas Sands and Wynn Resorts as stocks soar on Macao reopening

Jefferies on Monday upgraded Las Vegas Sands and Wynn Resorts after Macao announced its plan to allow Chinese tour groups back in the casinos as soon as November. The Wall Street firm boosted rating for the casino operators to buy from hold following news that Macau government said that it will resume visitation access from … Read more