Investing

Consumer staples kicked off the week with more losses, cementing their status as the worst performers of 2018. Sector weakness has not deterred Chad Morganlander, portfolio manager at Washington Crossing Advisors. “We’ve owned consumer staples and been overweight for the last three years,” Morganlander told CNBC’s “Trading Nation” on Friday. Morganlander remains bullish on the
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Apple stock closed at a record Friday, surpassing its previous high of $183.50 — pushed up by news that Warren Buffett’s Berkshire Hathaway bought 75 million shares in the first quarter. The stock closed at $183.83, and is now roughly $20 per share short of a $1 trillion market cap. Buffett is in Omaha, Nebraska,
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It was a better-than-expected quarter for Tesla, but CEO Elon Musk’s behavior is making him look unhinged, says one analyst. Consumer Edge analyst Jamie Albertine, who is bullish on Tesla and has a price target of $385, said the company’s financial results were in line with his expectations, but Musk’s behavior on Wednesday’s conference call
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Fed officials did note some improvements in the economy. In particular, the statement pointed out that “business fixed investment continued to grow strongly.” In March, the committee said the metric had “moderated” from a strong fourth quarter. In describing risks to their economic forecasts, which are “roughly balanced,” officials changed the outlook from the “near
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One Wall Street analyst regrets his decision to downgrade Facebook’s stock earlier in the year after its big earnings beat. Facebook reported quarterly earnings and revenue well beyond consensus expectations on Wednesday despite its recent scandal involving data privacy and Cambridge Analytica. The impressive numbers sparked a rally in its stock the day after, rallying
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Questions remain for the trend in the short term, however, as President Donald Trump’s administration actively pursues topics considered antithetical to long-term environmental sustainability. The president has resurrected the Keystone XL and Dakota Access pipelines, sought an end to “the war on beautiful, clean coal,” called climate change a hoax, pulled the U.S. from the
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Check out the companies making headlines before the bell: Colgate-Palmolive – The household products maker beat estimates by 2 cents a share, with quarterly profit of 74 cents per share. Revenue fell short of forecasts, however, amid flat pricing compared to a year earlier. Moody’s – The credit rating agency reported adjusted quarterly profit of
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In the debate between growth and value, some may argue value can prevail. After all, “value” stocks typically boast low price-earnings ratios and other traditional assessment metrics, often looked upon as undervalued relative to its underlying fundamentals. “Growth” stocks are often considered those whose earnings are expected to increase at an above-average rate but don’t
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