U.S. equities drifted lower in quiet trading on Monday, an anticlimactic start to the week after Friday’s trading nearly took the Dow Jones Industrial Average over the 20,000 threshold. Although the bulls came within one point of the hurdle there was simply no follow through today.
In the end, the Dow lost 0.4%, the S&P 500 Index dropped 0.4%, the Nasdaq Composite wafted....More>>>
BEIJING–China’s foreign-exchange reserves fell to the lowest level in nearly six years last month, testing the central bank’s resolve to control the weakening yuan’s descent to a pace it dictates.
The People’s Bank of China said Saturday that the world’s largest stockpile of foreign currency plunged by $41.08 billion in December to $3.011 trillion, the....More>>>
Real estate investment trusts (REITs) suffer from one key myth: When rates rises, REITs lose.
Part of that logic — and short-term self-fulfilling prophecy — is that cash is the lifeblood of REITs and when rates rise the cost of borrowing for REITs is higher, so their margins are squeezed.
good stocks to buy now: SL Green Realty Corporation(SLG)
Citigroup’s Alastair Syme and team argue that the earnings from big oil companies like Chevron (CVX), Total (TOT) and Royal Dutch Shell (RDS.A) will be bad…real bad. But that won’t stop the stocks from outperforming. They explain why:
Negative headlines, positive performance: We expect the majority of Big Oil companies to post negative 1Q16 earnings,....More>>>
The prime beneficiary of the Organization of Petroleum Exporting Countries decision to cut production are domestic producers in the Permian Basin. One such firm is WPX Energy (NYSE:WPX) that made a risky acquisition in the area back in 2015 that is starting to pay off big time.
The stock is up over 25% today to new multi-year highs. Other stocks focused on the area are at new all-time highs....More>>>