The market’s resilience is something we can all appreciate in the midst of earnings season. Though investors feared that the market would shudder and test its lows, it never came anywhere close.
On this episode of Varney & Co., host Stuart Varney and Shah Gilani talk earnings – specifically, for our old friend, Facebook Inc. (NasdaqGS:FB). FB’s earnings arrive at the end of the bell today, and after hitting an all-time high this morning of about $216.81, it’s safe to say that Facebook should remain unshaken. Meanwhile, Instagram’s ad sales have tripled, and Microsoft Corp. (NasdaqGS:MSFT) has yet to disappoint.
Things are looking positive… And in the words of Shah Gilani, “There’s no stopping this market.” Click here to watch…
Less than a month ago, the FDA made a monumental decision… They approved a cannabis drug called Epidiolex, made by GW Pharmaceuticals, to treat rare forms of epilepsy.
It will mean relief for thousands of suffering patients in the U.S., but the true impact of this decision extends beyond a single drug.
By approving Epidiolex, the FDA has essentially given the green light to dozens of tiny biotech companies that have been working for years – and, in some cases, decades – to develop cannabis treatments.
Talk about a hangover. The world’s got $247 trillion of debt hanging over its collective head.
If there’s a broken link anywhere along the chain of global connection, or if a big debt can’t be serviced, or rolled over, or there’s a default, there’s one thing I know for sure… Contagion will be swift, and stocks will throw up their gains quickly.
Don’t look now, but we’re getting to a breaking point thanks to escalating trade wars, emerging markets debts that have to be rolled over this year, and the fact that China’s stock market is already in the tank.
Stocks are down right now due to the trade war, and some may be flocking to buy in this dip. But is that a good idea? Tariff talk is contagious, and the market is trembling because of it.
However, there are only a few stocks that exude such resiliency that nothing – not even a trade war – could push them from their thrones. In the latest installment of Varney & Co., Shah reveals which stocks should watch out during this period and which ones will remain unshaken. Then, while oil is trading at its four-year high, Apple Inc. (NasdaqGS:AAPL) just made a surprising announcement regarding its most popular products. Apple may finally be feeling the heat, and your portfolio could follow. Click here to watch…
Yesterday, I covered the shots across the bow from both the U.S. and China in the growing trade war. Today, I’m going to take a deep dive into both parties’ next moves and how the markets would inevitably react.
With the mid-term elections coming up in November, it looks like the Chinese are cleverly exerting pressure directly on the President and the Republican Party.
In a deft political move, the Chinese are targeting U.S. products coming out of “Red” states. Specifically, they are going after products made or grown in counties that voted for Donald Trump for President.
That’s putting pressure on Trump supporters, who are now at odds over losing income and jobs and still believing in the President’s agenda and politics.
And that’s not the only curveball China will be lobbing at the U.S.