Oil futures finished modestly higher Friday, with prices extending their streak of gains to a fourth straight week amid ongoing signs of compliance with a global pact to cut production.
Still, traders have shown concern that the recent price gains for oil, which climbed nearly 9% in December, will spur increases among producers who arent part of the initiative, including the U.S. and Libya. That kept price gains for oil in check.
Top 5 High Tech Stocks To Buy For 2019: Wells Fargo & Company(WFC)
- [By Shah Gilani]
The prospect of big bank deregulation in light of the outrageous ongoing criminal activity – because that’s what it is – at Wells Fargo & Co. (NYSE: WFC) makes me cringe.
- [By Garrett Baldwin]
Shares of General Electric Co. (NYSE: GE) are in focus after the company reported earnings before the bell. GE stock popped 5.6% after the firm topped earnings per share (EPS) estimates by $0.05 and backed its 2018 outlook. The firm reported EPS of $0.16 on top of $28.66 billion in revenue. GE stock had been off nearly 18% from its last earnings report on January 24 due to ongoing financial and legal problems.
Crude oil prices dipped Friday after U.S. President Donald Trump took aim at OPEC. Trump accused the cartel of keeping oil prices “artificially high” despite “record amounts of oil all over the place.” Brent crude and WTI crude oil both hit three-year highs this week after Saudi Arabia suggested that it was working to press oil prices back above $100 per barrel.
Three Stocks to Watch Today: PM, MO, WFC
Shares of Philip Morris International Inc.(NYSE: PM) fell this morning after the firm experienced its worst trading day since its spin-off from Altria Group Inc. (NYSE: MO). Shares of PM fell as much as 16% after the firm fell short of revenue expectations after the bell. MO stock fell roughly 6% on the day.
Shares of Wells Fargo & Co. (NYSE: WFC) are under pressure after The New York Times reported that the firm may be facing a $1 billion fine. The fines would cover a variety of “alleged” misdeeds that include the firm’s push on customers to purchase auto insurance they didn’t need and charging mortgage customers fees for services that they were not using. The Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency will most likely announce the fine today. Money MorningCapital Wave StrategistShah Gilani weighed in on the topic this week, and he offers a scorching indictment.
Qualcomm Inc. (Nasdaq: QCOM) is on the move today after the semiconductor giant announced plans to lay off 1,500 employees. The cuts are expected to hit employees in California and cities around the globe. The cuts are part of the fi
- [By ]
The only bank Cramer would avoid is Wells Fargo (WFC) , which could still see more big fines coming from its fraudulent account scandals.
Executive Decision: Taylor Morrison Homes
In his second “Executive Decision” segment, Cramer sat down with Sheryl Palmer, chairman, president and CEO of Taylor Morrison Homes (TMHC) , for a read on the state of the housing market.
- [By Garrett Baldwin]
Money MorningDirector of Technology & Venture Capital Research Michael A. Robinson has brought our readers some of the best ways to make money on technology stocks. But there’s always been one company that he’s largely avoided over his career… until now. You’re not going to believe what U.S. tech firm Michael says will unleash a wave of profits on investors in the future. Find out here.
Four Stocks to Watch Today: FB, TSLA, JPM, WFC
Facebook Inc. (Nasdaq: FB) CEO Mark Zuckerberg will appear before a joint hearing of the Senate Judiciary and Commerce committee. Congress is investigating the data scraping efforts of Cambridge Analytica, which have brought a significant amount of embarrassment to the social media giant. Congress will be asking questions about the firm’s privacy practices in the wake of the policy that allowed Cambridge Analytica to obtain the personal information of roughly 87 million users. Shares of Tesla Inc. (Nasdaq: TSLA) made small gains after the announcement by China’s president to cut import tariffs. But there was a second factor that provided investor enthusiasm this morning. The head of the National Transportation Safety Board said that he had a “constructive conversation” with Tesla CEO Elon Musk as the agency probes a recent fatal crash involving the firm’s semi-autonomous vehicles. Markets are paying close attention to earnings reports this week. The first major test of earnings season will come later this week after several key U.S. banks report earnings. JPMorgan Chase & Co. (NYSE: JPM), Citigroup Inc. (NYSE: C), and Wells Fargo & Co.(NYSE: WFC) will all report earnings on Friday morning. Look for additional earnings reports from Jamba Inc. (Nasdaq: JMBA), MSC Industrial Direct Co. Inc.(NYSE: MSM), AZZ Inc.(NYSE: AZZ), and Healthcare Services Group Inc. (Nasdaq: HCSG).
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- [By Douglas A. McIntyre]
The U.S. Department of Labor is looking into the 401(k) business of Wells Fargo & Co. (NYSE: WFC). According to The Wall Street Journal:
The Labor Department is examining whether Wells Fargo & Co. has been pushing participants in low-cost corporate 401(k) plans to roll their holdings into more expensive individual retirement accounts at the bank, according to a person familiar with the inquiry.
Top 5 High Tech Stocks To Buy For 2019: Concho Resources Inc.(CXO)
- [By Ethan Ryder]
Tredje AP fonden grew its stake in Concho Resources (NYSE:CXO) by 4.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,417 shares of the oil and natural gas company’s stock after acquiring an additional 560 shares during the quarter. Tredje AP fonden’s holdings in Concho Resources were worth $2,017,000 at the end of the most recent quarter.
- [By Chris Lange]
The S&P 500 stock posting the largest daily percentage loss ahead of the close Wednesday was Concho Resources Inc. (NYSE: CXO) which traded down about 9% at $143.15. The stocks 52-week range is $106.73 to $162.91. Volume was 11.8 million compared to the daily average volume of 1.3 million.
- [By Shane Hupp]
BNP Paribas Arbitrage SA lifted its holdings in Concho Resources Inc (NYSE:CXO) by 79.7% during the first quarter, Holdings Channel reports. The institutional investor owned 51,579 shares of the oil and natural gas company’s stock after purchasing an additional 22,882 shares during the period. BNP Paribas Arbitrage SA’s holdings in Concho Resources were worth $7,754,000 as of its most recent filing with the SEC.
Top 5 High Tech Stocks To Buy For 2019: priceline.com Incorporated(PCLN)
- [By Money Morning Staff Reports]
Through Tom’s various strategies, followers had the chance to pocket gains of 195.36% in 16 days on Priceline Group Inc. (Nasdaq: PCLN), 193.39% in 16 days on SPDR Gold Trust (ETF) (NYSE Arca: GLD), 100% in eight days on International Business Machines Corp. (NYSE: IBM), and even 248.42% in 17 days on SPDR Dow Jones Industrial Average ETF (NYSE Arca: DIA).
- [By ]
Will Target (NYSE: TGT) get its mojo back, or will shoppers flock to Walmart (NYSE: WMT)? Which travel agent books more snow ski trips this season, Expedia (Nasdaq: EXPE) or Priceline (Nasdaq: PCLN)? Which video game console emerges on top, Microsoft’s Xbox or Nintendo’s Switch?
- [By Jack Delaney]
For example, owning just one share of The Priceline Group Inc. (Nasdaq: PCLN) would cost $1,921.53. But some of these stocks aren’t quite as “expensive” as they seem…
Top 5 High Tech Stocks To Buy For 2019: Vanguard FTSE Europe ETF (VGK)
- [By Jim Crumly]
European stocks joined U.S equities in moving higher on rumors that an agreement on auto tariffs may be in the works; theVanguard FTSE Europe ETF (NYSEMKT:VGK) closed up 1.3%. Emerging markets stocks, however,continued recent weakness, with theVanguard FTSE Emerging Markets ETF (NYSEMKT:VWO) losing 0.1%.
Top 5 High Tech Stocks To Buy For 2019: Edge Therapeutics, Inc.(EDGE)
- [By Paul Ausick]
Edge Therapeutics Inc. (NASDAQ: EDGE) dropped 14.5% Thursday to post a new 52-week low of $1.12. Shares closed at $1.31 on Wednesday and the stock’s 52-week high is $17.77. Volume was nearly 20 times the daily average of around 700,000 shares. The company on Wednesday ended a trial after reporting poor results andshares fell more than 90% on the news.
- [By Logan Wallace]
Edge Therapeutics (NASDAQ:EDGE) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
- [By Paul Ausick]
Edge Therapeutics Inc. (NASDAQ: EDGE) dropped 92.6% Wednesday to post a new 52-week low of $1.15. Shares closed at $15.59 on Tuesday and the stock’s 52-week high is $17.77. Volume was nearly 300 times the daily average of around 160,000 shares. The company ended a trial after reporting poor results.
- [By Ethan Ryder]
Edge Therapeutics Inc (NASDAQ:EDGE) shares were down 6.8% on Tuesday . The stock traded as low as $1.07 and last traded at $1.10. Approximately 1,087,000 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 1,164,140 shares. The stock had previously closed at $1.18.
- [By Logan Wallace]
Media headlines about Edge Therapeutics (NASDAQ:EDGE) have been trending somewhat positive on Sunday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Edge Therapeutics earned a media sentiment score of 0.02 on Accern’s scale. Accern also assigned media headlines about the biotechnology company an impact score of 42.6657723226264 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.