Market News

Profits have collapsed again at metals and energy mammoth Glencore. Is there more pain to come?

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Selling printers and PCs isn't exactly the exciting side of the tech sector these days, and even though HP Inc beat Wall Street expectations with its quarterly results Wednesday its stock fell more than 5% after hours.

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Is it time to buy the higher yields that industrial stocks pay, or are their dividends and profits in cyclical trouble?

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Last month, two Wall Street analysts made a sobering call: the restaurant industry is heading for a choppy 18 months and could even find itself in the midst of a recession. But according to other Wall Street analysts and industry experts, a restaurant recession might not be imminent -- especially for quick-service and fast-casual chains like Panera, Sonic and Starbucks.

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Many American investors focus solely on the U.S. economic cycle and ignore the rest of the world. But sophisticated family offices are now paying a lot of attention to China as well. China has become the world’s second largest economy, the primary consumer of many commodities, and a key driver of global growth. According to HSBC, China consumes more than half of all global aluminum and nickel production, and close to half of global copper and zinc production. China is the second-largest importer of crude oil, and is on track to surpass the United States in total demand for oil.

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Pershing Square's Bill Ackman said on Friday he was contacted by investment bank Jefferies about buying a sliver of Carl Icahn's billion dollar Herbalife holding, a new twist in Wall Street's most bitter fight.

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After a placid summer seldom interrupted by news of note, word comes down from Wyoming on Friday as Fed Chair Janet Yellen speaks. Speculation centers around what Yellen could say about potential rate hikes, especially the possible timing of such moves.

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In trading on Friday, shares of Avangrid Inc (NYSE: AGR) entered into oversold territory, changing hands as low as $42.07 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

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Apple has been highlighting the robust performance of its service business on its recent earnings calls, as its core hardware sales shrink. Services revenues have expanded by 22% year-over-year over the nine months of fiscal 2016, emerging Apple's second largest business segment, overtaking the iPad and Mac. The cash cow of the services segment - the App Store - saw its highest ever monthly billings during July, with over $50 billion in cumulative developer payments, while newer business such as Apple Music (15 million+ paying users) and Apple Pay have also been performing reasonably well. The reasons for Apple's strong showing on the services front are straightforward. Firstly, device engagement is often higher for Apple products compared to Android. Secondly, iOS users typically have higher disposable incomes and are willing to spend more on paid services. That said, Apple does face some significant risks ahead.

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Ever since the Federal Reserve set interest rates near zero, people who used to keep substantial balances in money market and savings accounts have invested in Real Estate Investment Trusts and Bonds instead. Sam Miklosko explains why REITs are safer than Bonds at this point in the economic cycle.

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