President Trump needs a new director for his National Economic Council after Gary Cohn resigned.
There’s one candidate in the mix that may really please investors: Chris Liddell, who has served as chief financial officer for two blue chip American companies, GM (GM) and Microsoft (MSFT)
Liddell, like the former Goldman Sachs (GS) executive Cohn, has a background in crunching numbers and dealing with Wall Street.
The New York Times first reported on Saturday that Liddell was the “top contender” to replace Cohn. A senior White House official later confirmed to CNN that Liddell is a “possibility” as a replacement for Cohn. Liddell currently serves in the White House as the director of strategic initiatives, working closely with Jared Kushner.
Ivan Feinseth, director of research and chief investment officer at Tigress Financial Partners, said he did not think an ethics complaint filed against Liddell last year because of meetings he held at the White House with executives of companies that he owned stocks in would be a major issue either.
Top Blue Chip Stocks To Invest In Right Now: Bank Of Montreal(BMO)
- [By Mitchell Clark]
Banks can produce solid earnings growth in the early stages of a rising interest rate environment. This Canadian bank is not expensively priced on the stock market. It currently has an over four percent dividend yield.
The Canadian banking market is small, but it’s protected from foreign ownership and most of the names in this industry have great long-term track records on the stock market.
Top Blue Chip Stocks To Invest In Right Now: Fortinet, Inc.(FTNT)
- [By Garrett Baldwin]
The price of Bitcoin faced more pressure over the weekend. The downturn came on news that several major banks have banned the purchasing of Bitcoin with credit cards. Bank of America Corp. (NYSE: BAC), JPMorgan Chase & Co. (NYSE: JPM), and Citigroup Inc. (NYSE: C) have all banned cryptocurrency purchases since Friday. This means that the top five credit card issuers have now halted the practice. Bitcoin sat at $7,773 this morning.
Janet Yellen is officially out of the Federal Reserve and will be heading to the Brookings Institution. Today, Jerome Powell will begin his first term at the helm of the U.S. central bank. Powell takes over at an interesting time for the U.S. economy. The central bank is expected to raise interest rates three times in 2017. In addition, Powell must manage a $4.5 trillion balance sheet that the Fed built up in the wake of last decade’s financial crisis.
Gold prices saw a slight gain in pre-market hours. But those gains could surge as markets continue to face questions about inflation and a weaker U.S. dollar. Gold prices saw one of their biggest one-day declines in two months on Friday. Investors are looking at this as a solid entry point given price expectations from Money Morning Resource Specialist Peter Krauth. Peter expects that gold prices will reach $1,400 by the end of June and rise to as high as $1,500 by December.
VideoMeet the Trading Expert Who Could Help Make You a Millionaire
Crude oil prices slid in pre-market hours to a one-month low. TheWTI crude oil price todayfell 0.6%. Brent crude dropped 1.1%. Markets are growing increasingly fearful that rising U.S. production could spur an oversupply of the markets.
Four Stocks to Watch Today: WFC, AVGO, QCOM, BMY
Shares of Wells Fargo & Co. (NYSE: WFC) are off more than 8% this morning because the Fed has forced new sanctions on the bank that will limit its growth. The Fed’s consent order will see the bank change four members of its board of directors and
- [By Jim Robertson]
On Wednesday, our Elite Opportunity Pronewsletter suggestedmid cap cyber security solutions stock Fortinet Inc (NASDAQ: FTNT) as a new long term idea because:
- [By Peter Graham]
A long term performance chart shows FireEye underperforming small cap Barracuda Networks Inc (NYSE: CUDA), mid cap Fortinet Inc (NASDAQ: FTNT) and large cap Palo Alto Networks Inc (NYSE: PANW):
- [By ]
Cybersecurity remains red hot, after another three high-profile attacks, at Under Armour (UAA) , Boeing (BA) and Hudson’s Bay, the parent of Saks. But while many investors know of the big boys like Palo Alto Networks (PANW) , Fortinet (FTNT) and Proofpoint (PFPT) , Cramer dove into three smaller cybersecurity names to see if they’re worth investing in.
- [By WWW.THESTREET.COM]
Turning Around Cybersecurity Through Activism
As competition climbs and spending slows, security has attracted activists. (FEYE) (IMPV) (FTNT) (CHKP) Full story
Top Blue Chip Stocks To Invest In Right Now: ANSYS, Inc.(ANSS)
- [By Shane Hupp]
Ansys (NASDAQ:ANSS) Director James E. Cashman III sold 862 shares of the firm’s stock in a transaction on Tuesday, April 10th. The stock was sold at an average price of $158.00, for a total value of $136,196.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
- [By Lisa Levin]
Benzinga's newsdesk monitors options activity to notice unusual patterns. These large volume (and often out of the money) trades were initially published intraday in Benzinga Professional . These trades were placed during Wednesday's regular session.
Top Blue Chip Stocks To Invest In Right Now: California Resources Corporation(CRC)
- [By Matthew DiLallo]
Shares of California Resources Corp (NYSE:CRC)are skyrocketing today, up 23% as of 10:58 a.m. EDT, after the company reported surprisingly strong first-quarter results.
- [By Peter Graham]
Small cap independent California oil and natural gas stock California Resources Corp (NYSE: CRC) has elevated short interest of 36.22% according to Highshortinterest.com. California Resources Corporation is the largest oil and natural gas exploration and production company in California on a gross-operated basis. The Company explores for, produces, gathers, processes and markets crude oil, natural gas and natural gas liquids exclusively in the state of California. California Resources Corp has a large portfolio of lower-risk conventional opportunities in each of Californias four major oil and gas basins: San Joaquin, Los Angeles, Ventura and Sacramento.
- [By Lisa Levin]
On Friday, the energy sector proved to be a source of strength for the market. Leading the sector was strength from Denbury Resources Inc. (NYSE: DNR) and California Resources Corp (NYSE: CRC).
Top Blue Chip Stocks To Invest In Right Now: Opexa Therapeutics, Inc.(OPXA)
- [By Elizabeth Balboa]
Opexa Therapeutics Inc (NASDAQ: OPXA) and Acer Therapeutics announced a merger that will result in 11.2-percent ownership by current Opexa shareholders and 88.8-percent ownership by current Acer shareholders.
- [By Lisa Levin]
Opexa Therapeutics Inc (NASDAQ: OPXA) shares dropped 70 percent to $1.02 after the company disclosed that its top-line results from Phase 2b Abili-T trial evaluating Tcelna did not meet primary endpoint.
- [By Lisa Levin]
Opexa Therapeutics Inc (NASDAQ: OPXA) shares were also up, gaining 66 percent to $1.08 after the company announced plans to acquire Acer Therapeutics.