After closing at record highs last week, stocks are falling for the second day in a row as corporate earnings—which lifted the market to new highs during the pandemic—start to show signs of weakness, all while speculative pockets of investor mania continue to rage on. Shortly after the open, the Dow Jones Industrial Average fell […]
Hershey’s (NYSE:HSY) became an attractive investment last year when the COVID-driven sell-off resulted in ultra-low prices for this consumer staple. The company was not only well-positioned to weather the storm internal efforts to reposition the portfolio for longer-term sustainable growth were beginning to pay off. Over the past year, the company has finalized three major divestitures that have […]
The Dow Jones Industrial Average closed at an all-time high on Wednesday and reached an intraday record on Thursday, despite pro-Trump insurrectionists violently storming the Capitol and disrupting the confirmation of President-elect Joe Biden’s victory. The bullish mood on Wall Street has less to do with the riots and more to do with Democrats winning […]
US stocks climbed higher in the first trading session of 2021 on Monday as investors returned from the New Year holiday. Bitcoin saw a volatile trading session on Monday after it fell 17% following a surge to record highs just below $35,000. Watch major indexes update live here. US stocks gained in the first trading […]
Credit Suisse analyst Jonathan Golub introduced his 2021 price target for the S&P 500 (^GSPC) of 4,050, implying 12.2% upside from Tuesday’s closing levels. Underpinning this upbeat call is his assumption that two years from now, the post-virus economic recovery will have already hit a peak. “Our 2021 forecasts are designed to answer a simple […]