Last Updated Jan 3, 2017 8:05 AM EST Will the recently reinvigorated stock market experience turbulence or triumph in 2017? That’s the question Wall Street and the investment community are wrestling with as Donald Trump officially takes over as president on Jan. 20. That’s because the market’s massive rally following the Nov. 8 presidential election doesn’t necessarily point to, never mind guarantee, rosy returns for investors this year.“New expectations set the tone for 2017,” said Elizabeth Collins, director of equity research for North America at Morningstar, in a review of the market’s performance in 2016 and which segments would be of interest to investors now.“The market has incorporated expectations for stimulus, higher inflation, (from stimulating an economy already close to full employment), and higher interest rates (from higher budget deficits and inflation),” she noted. U.S. financial services stocks reacted the most … [Read more...] about 10 large-cap stocks to consider for 2017
Stocks at 52 week low worth buying
For a long while, Tiffany (TIF) was No. 1 on Wall Street's list of glamorous retailers, with a stock that usually attracted "buy" recommendations. Not anymore. It's now rated as a "sell" or "underperform" by several major analysts. On the other side of the retailing divide, shares of deep-discount retailer Dollar General (DG) have soared, riding high on its theme as a one-stop, low-price destination for value-conscious shoppers. Even as Tiffany and Dollar General cater to different types of shoppers, Wall Street measures their value mainly on the same basic metrics: earnings and revenue growth. Of late, Tiffany has been a big disappointment on both scores, which has prompted S&P Global Market Intelligence (formerly S&P Capital IQ) to downgrade the stock to a "sell" from a "hold." It slashed its price target by $28 a share to $59; the stock closed on Friday at $71.84. On the other hand, S&P recommends Dollar General as a "buy" and boosted its price target by $11 a share to … [Read more...] about Tiffany or Dollar General: Which stock to buy?
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope... If you're a shareholder in UPS (NYSE: UPS), chances are you haven't been smiling a lot lately. Over the past month, shares of UPS stock have tumbled an astonishing 20% in value, and are now flirting with their 52-week low. One reason for this is well known -- it begins with the letter "A" and ends with ".com." But according to analysts at Chicago-based Loop Capital, fears that Amazon.com (NASDAQ: AMZN) will destroy UPS' business are overblown. Down 20% in a month, UPS stock is a buy, says Loop. Here's why. Amazon is knocking. Should UPS investors be afraid to open the door? Image source: Getty Images. The elephant in the room One reason investors have suddenly become allergic to UPS stock is The Wall Street … [Read more...] about UPS Stock Upgraded: What You Need to Know
After a turbulent start to the month, the stock market bounced back sharply this week, taking most stocks with it. Not only did fears of inflation begin subsiding, but several companies reported strong year-end results and even better outlooks for 2018. The energy industry delivered one of the largest doses of earnings reports, which, along with higher oil prices, helped send several stocks soaring this week. Three that stood out are Denbury Resources (NYSE: DNR), EQT Corp (NYSE: EQT), and Diamondback Energy (NASDAQ: FANG). Bounding with optimism Denbury Resources led this trio higher, with its stock jumping more than 21% this week. While a rebound in the price of oil helped drive that move, the main catalyst was the oil producer's operational update and expectations for 2018. Denbury said that production in the fourth quarter averaged more than 61,000 barrels of oil equivalent per day, which was 1% higher than the third quarter and in line with expectations. The highlight, … [Read more...] about These 3 Energy Stocks Are on Fire Right Now (And at Least 1 Still Looks Worth Buying)
Gardening might be the last thing on your mind this February, but I would still entertain the idea of adding Scotts Miracle-Gro (NYSE: SMG) to your portfolio. The home lawn-care specialist has been growing like a weed for much of the past several years. But the announcement of fiscal first-quarter 2018 results at the end of January sent shares tumbling, after a warning that growth will slow in the year ahead. That one little admission sent the stock from levels near the 52-week high to within shouting distance of the 52-week low -- in a matter of two days. It's easy to understand Wall Street's knee-jerk reaction. Scotts Miracle-Gro stock was relatively expensive, but that was justified by awesome growth. No awesome growth, no justification, and, well, look out below. While there may be some disappointment in the short term, the long-term growth potential of Scotts Miracle-Gro hasn't changed. That's why it's my top stock to buy in February. Image source: Getty Images. Slowing … [Read more...] about Here’s My Top Stock to Buy in February