Month: June 2017

Fundstrat strategist Tom Lee recommends investors buy “pariah” telecommunications stocks, predicting that companies in the beaten down sector are likely to bounce back under the Trump administration. Slow growth and price competition have spooked investors away from telecom stocks, he said. Even analysts have backed away, slashing their recommendations in the last year. Telecom as
0 Comments
Kai Pfaffenbach | Reuters A booth of Micron Technology at an industrial fair in Frankfurt, Germany, July 14, 2015. Shares of Micron Technology fell on Friday, dragging the broader chips sector lower. The iShares PHLX Semiconductor exchange-traded fund (SOXX) slipped 0.2 percent, with Micron falling about 4 percent to lead the decliners. Shares of chip
0 Comments
Nike‘s latest earnings report brought a mixed bag of results — mostly positive — along with another highly anticipated announcement. The retailer confirmed plans to begin selling a limited assortment of footwear, apparel and accessories on Amazon.com, prompting a rally from Wall Street. Without divulging much detail, Nike said it’s still in the early stages
0 Comments
Disneyland—arguably the world’s most famous theme park—very nearly didn’t get built at all. Back in 1953, even Walt Disney’s own production company refused to put up the money needed to build the park. But when Walt’s brother Roy set up a big meeting with potential investors in New York, Disney and imagineer Herb Ryman worked
0 Comments
Consumer attitudes soured in June as U.S. consumer sentiment slid to a seven-month low, a new report showed on Friday, though still rising slightly above economists’ expectations. U.S. consumer sentiment fell to 95.1 in June, sinking 2.1 percent from May and hitting the lowest level since November 2016. Economists expected the measure of consumer attitudes
0 Comments
The implications of this mean that the cyberattack could be interpreted as an act of war, according to the organization. On Wednesday, NATO secretary general Jens Stoltenberg said a cyber attack could trigger Article 5, the principal of collective defense. “As important government systems have been targeted, then in case the operation is attributed to
0 Comments