There's been a ton of online chatter claiming that Valeant stock has become a screaming bargain.
And sure, it sounds like a bottom-feeder's dream come true. Since its Aug. 5 high, Valeant stock has dropped more than 65%. If it regained just 69% of its previous high, it would double.
But don't believe the hype. This is a deeply troubled company you should stay well away from.
Let me show you why you'll be glad you avoided this company at all costs...
Find out what's ahead for the stock market today.
Get your update on the Dow Jones Industrial Average, stocks to watch, the biggest stock market news, and today's best profit plays.
by Tara Clarke
On Monday, the Chinese yuan joined one of the most elite clubs on the planet: the International Monetary Fund's Special Drawing Rights basket of reserve currencies.
IMF Managing Director Christine Lagarde said the yuan's inclusion was based on a clear indication of the reforms China has carried out.
Of course, the IMF could be dead wrong.
From a practical position, the IMF expects China will have to make its currency more freely tradable than it is – which, along with being a major exporter, is the other criteria the IMF considers in conferring reserve status on a currency, Money Morning Capital Wave Strategist Shah Gilani said on Monday. But there's a possibility the IMF jumped the gun on this.
Global turmoil and the increasing certainty of a Fed interest rate hike won't be the spoilers this December.
In fact, the market could hit new highs before December 31.
Why did the Dow Jones Industrial Average fall 158 points today?
Here's how the stock market did today, earnings reports, the top stock market news, and stocks to watch based on today's market moves…
by Diane Alter
Solar stocks were in focus today as Ascent Solar Technologies (Nasdaq: ASTI) surged 50% to $0.28 on news it was awarded a Schedule 56 contract by the U.S. federal government's General Services Administration.
This news was the latest in a string of positive developments for the tiny solar company.
by Diane Alter
The Yahoo stock price surged nearly 7% to $36.07 Wednesday amid reports the company is mulling a sale of its core Internet business, moving ahead with the Alibaba spin-off, or doing both.
Clearly, Yahoo will complete at least one of those moves.
Less clear is CEO Marissa Mayer's fate...
by Shah Gilani
While there's no really bad time to kick underperforming stock positions out of your portfolio, some times are actually better than others.
The good news is, if you're sitting on losing positions, now may be a great time to exit them.
Stocks are near all-time highs, making it easier to see which stocks in your portfolio haven't participated in the long run-up we've had.
It's also a good time because some investing themes that saw big gains are fading, some are dead in the water, and others are just starting to take shape.
Should Donald Trump tone it down? Some think the GOP front-runner needs a new PR strategy. He's too insensitive, they say. Too mean.
Others, however, prefer the billionaire's bombastic side.
by Alex McGuire
Today's oil price fell after the EIA reported ugly supply numbers for Thanksgiving week.
Oil stockpiles remain at 80-year highs and could surpass the 500 million mark by the end of 2015.
