Thomas Philippon is the Max L. Heine Professor of Finance at the Stern School of Business at New York University. His new book The Great Reversal: How America Gave Up on Free MarketsContinue...Read More

The Dow, S&P, and Nasdaq all had nice daysIt was another big day for stocks in the U.S., as the major indexes spent the session in the black and hit fresh record highs. The Dow closed off its intraday peak, but still managed to overcome the weakness in McDonald's (MCD) shares to post a solid win. It was a similar setup for the Nasdaq and S&P 500, with the latter index brushing off Under Armour's (...Read More

The firm posted better-than-expected sales for its Xpovio drug The shares of Karyopharm Therapeutics Inc (NASDAQ:KPTI) hit an annual peak of $14.20 earlier, and are eyeing their highest close since a massive bear gap last October, following the drugmaker's third-quarter results. The firm posted a slimmer-than-expected per-share loss of 67 cents, and $12.8 million in sales for its multiple myeloma...Read More

The exercise specialist will report earnings tomorrow morningPeloton Interactive Inc (NASDAQ:PTON) is slated to take its inaugural turn in the earnings confessional as a publicly traded company before the market opens tomorrow, Nov. 5. The options market is pricing in a volatile earnings reaction, with the implied earnings deviation for PTONlast seen at 19.7%, and speculators are taking positions...Read More

BLUE, BB, and BNTX all received upbeat analyst attention todayThe U.S. stock market is soaring once more, with all three benchmarks nabbing new record highs. Among specific stocks making notable moves higher are gene therapy specialist bluebird bio Inc (NASDAQ:BLUE), tech issue BlackBerry Ltd (NYSE:BB), and biotech BioNTech SE (NASDAQ:BNTX). Here's a quick look at what's moving the shares of BLUE...Read More

At least four analysts have lifted their price targets on Alibaba stock The shares of Alibaba Group Holding Ltd (NYSE:BABA) are up 2.9% to trade at $181.56, and just hit a one-month high of $182.40 earlier today, following a flurry of analysts notes. At least five brokerages lifted their price targets, includingBofA-Merrill Lynch and J.P. Morgan Securities, which raised their estimates to $234 an...Read More

WWE shares have been crushed in the second half of 2019World Wrestling Entertainment, Inc. (NYSE:WWE) stock has been selling off since its peak above $100 back in April, including last week's bear gap from the $66 regionto below $57, and today the shares are adding to these woes. The stock is trading down 3% at $54.27, after Wells Fargo cut its price target to $80 from $94 and said the company has...Read More

AM Investco, the consortium led by ArcelorMittal that was put together to purchase Italian steelmaker Ilva, is pulling out of the deal, ArcelorMittal said on Monday November 4.The consortium has sent a notice to the Ilva commissioners indicating that it intends to withdraw from the agreement for the lease and subsequent conditional purchase of the Ilva business and certain subsidiaries.ArcelorMitt...Read More

The pharma stock could hit record highs soonDrugmaker Zoetis Inc (NYSE:ZTS) will report earnings before the open this Thursday, Nov. 7. While the shares of ZTS have already added more than 46% so far in 2019, and touched a record high of $130.20 in mid-October, the stock is once again flashing a historic buy signal -- suggesting more upside could be in store before year's end.Specifically, Zoetis...Read More

Wells Fargo is bullish on Marvell's 5G potentialA chip stock to keep an eye on is Marvell Technology Group Ltd. (NASDAQ:MRVL), for a lot of reasons. For starters, MRVL is up 5% to trade at $26.36 today, after Wells Fargo upgraded it to "outperform" from "market perform" and hiked its price target to $32. Plus, the stock recently pulled back to the 160-day moving average, which historically been a...Read More

Wall Street knows it, and wealthy investors know it, too: Fear sends gold soaring.And right now, there’s so much fear floating around the market that gold isback on everyone’s radar.But what most investors don’t know, is that gold can be bought at deep discounts.Gold is soaring closer and closer to $1,500 per ounce right now…But imagine you could get your hands on it for j...Read More

The Dow is brushing off a big loss for MCD stockThe Dow Jones Industrial Average (DJI) is trading up triple digits at midday, brushing off a big drop for blue chip McDonald's (MCD). The fast food stock was last seen down 2.5% on the unexpected ouster of CEO Steve Easterbrook. Instead, investors are reacting to upbeat U.S.-China trade buzz, which has the Dow, S&P 500 Index (SPX), and Nasdaq Compos...Read More

RambusI've been holding off on writing this Weekend Report for the US stock markets until I got just a little more confirmation that the next impulse move higher is underway. Last weeks price action is strongly suggesting that the nearly 2 year consolidation phase is drawing to a close. Lets say I'm seeing some green shoots sprouting up in many different areas of the markets.Most investors rely...Read More

What are we to make of Wall Street's exuberance on Friday over news concerning a U.S. economic expansion that refuses to die? Employers are hiring, consumers are spending and business is humming despite a dramatic economic slowdown in Asia, Europe, South America and elsewhere. Perhaps America really is an economic island, one blessed with unstinting support from a central bank that has finally s...Read More

AMRN is ripe for downgradesBiopharmaceutical name Amarin Corporation plc (NASDAQ:AMRN) has had a volatile year on the charts. Stuck in a series of higher lows since early August, the AMRN isfailing to fully recover from two drastic bear gaps seen earlier this year. While the $14 has cushioned drastic pullbacks of late, AMRN looks to be once again approaching a key level -- one which tends to ha...Read More

Jefferies thinks the stock's risk/reward is fair at current levelsJefferies downgraded Papa John's International, Inc. (NASDAQ:PZZA) to "hold" from "buy," but left its $58 price target intact. The brokerage firm said "material upside" to sales seem unlikely given increased competition in the pizza delivery space, and believes that while same-store sales will improve in coming quarters, this is alr...Read More

CEO Steve Easterbrook was ousted after the board deemed a consensual relationship he was having with an employee inappropriate The shares of McDonald's Corp (NYSE:MCD) stock are trading lower this morning after the company fired its Chief Executive Officer Steve Easterbrook for a consensual relationship with another employee that the board deemed inappropriate. Easterbrook in an email said the rel...Read More

OKE is still 8% off its mid-September peakNatural gas specialist ONEOK, Inc. (NYSE:OKE) is moving higher in today's trading, last seen up 1.1% at $71.05. The equity is enjoying an upgrade to "buy" from "neutral" and an $81 price target at Goldman Sachs. Coming on the heels of a respectable third-quarter report last week, analyst Michael Lapides said his outlook for 2020 through 2022 represents a...Read More

The chip stock has found support at its 10-day moving averageThe shares of Nvidia Corporation (NASDAQ:NVDA) are up 2% to trade at $206.61 today, enjoying a price-target hike to $200 from $165 at Craig-Hallum. That's two bull notes in as many weeks for the chip stock, and has NVDA already erasing last week's 1% decline. Nvidia stock took a nice bounce off the $170 region in late September, and ha...Read More

Hopes that U.S. companies will soon be able to sell to Huawei is sending stocks higher this morning Dow Jones Industrial Average (DJI) futures are signaling a record high today, up more than 100 points in pre-market trading after Commerce Secretary Wilbur Ross on Sunday confirmed that U.S. companies would be granted licenses to do business with Huawei in the near future. The S&P 500 Index (SPX)...Read More