Goldcorp Inc. (NYSE: GG) has managed to survive and rise above other gold miners, avoiding the pitfalls of its competitors.
This means Goldcorp stock is well-positioned to get a nice boost once gold prices move higher again.
by
Goldcorp Inc. (NYSE: GG) has managed to survive and rise above other gold miners, avoiding the pitfalls of its competitors.
This means Goldcorp stock is well-positioned to get a nice boost once gold prices move higher again.
by Jim Bach
Since John Chambers stepped in as CEO in January 1995, Cisco Systems Inc. (Nasdaq: CSCO) stock is up more than 1,500%.
But, next month he will cede control to the new CEO, Chuck Robbins.
Robbins isn't going to make any huge changes to Cisco. Here's how that will affect CSCO stock...
by Tara Clarke
Are we in a stock market bubble?
Nobel Laureate and Yale professor of economics Robert Shiller told Goldman Sachs "there is a stock bubble element in what we see."
U.S. stock futures for Monday, June 8, forecasted a 14-point decline from Friday's close. This morning, European markets were quite active as jitters over Greece's pending debt deal and growth in the U.K. economy.
On Friday, the DJIA fell more than 54 points after the Bureau of Labor Statistics offered a rosy jobs report that has fueled increased speculation of a pending interest-rate hike by the Federal Reserve.
Here is everything you need to know about the markets today, including today's pre-market movers...
In Wall Street lore, it's known as the "Greatest Trade Ever." It's also known as "The Big Short."
In 2006, John Paulson was a relatively unknown hedge-fund manager, just another face in the crowd.
But Paulson was smart, observant – and had the courage of his convictions. He understood something that most others didn't even suspect…
The U.S. housing boom was a sham – especially in the area of "subprime" mortgages.
Paulson was schooled in mergers and acquisitions (M&A), so mortgages weren't at all his bailiwick.
But he believed the mortgage market was poised for a free fall. He wanted to make a big bet against this market – a "big short."
He just wasn't sure how to make that wager…
Paulson and several other renegade investors like Michael Burry and Jeffrey Greene made big bets against the risky mortgages using complex financial instruments known as "credit default swaps," or CDS.
Initially, the trade went against these mortgage doomsayers – putting them tens of millions of dollars in the red as the mortgage market continued to rocket. But instead of closing the trades and accepting the losses, Paulson and these few others effectively doubled down.
By the middle of 2007, the credit markets stumbled and then careened downward.
As the year came to a close, it was clear that Paulson had pulled off "The Greatest Trade Ever," having earned $15 billion for his firm – a total that dwarfed investing icon George Soros's billion-dollar currency play of 1992.
Over time, the Paulson trade gained a second moniker – one besides "The Greatest Trade Ever."
Thanks to a best-selling book about the mortgage crisis that was written by Michael Lewis, the Paulson trade became known as "The Big Short."
After an "impressive" May jobs report, the Dow Jones Industrial Average (INDEXDJX:.DJI) ended its third consecutive week on a down-note, losing 56.12 points (-0.31%) on Friday while the S&P 500 (INDEXSP:.INX) also fell for the third consecutive week, dropping 3.01 points (0.14%) on the day.
On the week, the Dow lost 161 points or 0.9% to 17,849.46 while the S&P 500 fell 15 points or 0.7% to 2092.83. For the year, the Dow has gained a mere 26 points, far less than 1%, while the S&P 500 has climbed by 33 points or only 1.6%.
The NASDAQ Composite (INDEXNASDAQ:.IXIC) has done much better, ending the week basically flat at 5068.46; it is now up about 7% on the year as social media, biotech and tech stocks continue to rise.
This morning I've got a $1,000 piece of useless high-tech hardware hanging over my fireplace at home in Oregon. It used to be a fabulous 50-inch Samsung SmartHub television.
Today I'll tell you a story about what's happened because it illuminates something critically important when it comes to your money – why you won't see me recommend a single retail tech stock – save two.
That may strike you as odd given how often we've spoken about Technology as one of the six Unstoppable Trends we're following, but there's a reason.
Several, actually.
by Jim Bach
FireEye Inc. (Nasdaq: FEYE) stock closed today (Friday) up 6.4%.
But, FEYE stock wasn’t alone in the crowd of top-tier cybersecurity stocks that received a boost. Palo Alto Networks Inc. (NYSE: PANW) stock was up 2.9% on the day. And Fortinet Inc. (Nasdaq: FTNT) stock soared 3.9%.
by David Zeiler
After a lot of fits and starts, Internet TV is on the verge of breaking out from its niche status.
Americans fed up with their cable companies – the steep fees, lousy customer service, and restrictive “bundles” – have turned to Internet-based, video streaming alternatives.
Now, moving beyond the era of cable TV companies may sound like a dream come true to most Americans.
But Internet TV will have its own share of frustrations…
Find out what the Dow Jones Industrial Average and other stocks did today…
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