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(Bloomberg) -- U.S. stocks are on a roll -- but they’re nowhere near bubble territory yet, according to a JPMorgan Chase & Co. analysis.The S&P 500 would need to reach or exceed 3,700 in the second half of the year to show a pattern that’s consistent with prior market bubbles, JPMorgan technical strategists Jason Hunter and Alix Tepper Floman wrote in a note Monday. That would be about a 13% gain from the index’s close on the same day.Market bubbles often start with a two- to three-year period of positive rolling 12-month performance, the strategists wrote -- which is then followed by a yearlong, accelerated rally period. This was the case with situations including the Dow Jones Industrial Average in the late 1920s, gold in the late 1970s, Japan’s Nikkei 225 Index in the late 1980s and the Nasdaq 100 Index in the late 1990s that were widely seen as bubbles,...
Oil prices edged higher on Tuesday as investors focused on the signing of a preliminary trade deal between the United States and China, the world's top oil consumers, and on expectations of a drawdown in U.S. crude oil inventories. "Oil prices are modestly rebounding, following four days of intense selling," said Edward Moya, analyst at brokerage OANDA, pointing to trade-deal optimism and fading concerns over the U.S.-Iran conflict. Oil prices were supported ahead of the signing at the White House on Wednesday of a Phase 1 trade deal, which marks a major step in ending a dispute that has cut global growth and dented demand for oil....
The US stocks started last week trading lower as investors were jittery over the tensions in the Middle East. However, as the prospect of an open military conflict with Iran was dimmed by President Trump’s comments, the markets managed to recover and even the mixed jobs report did not prevent the main indexes to close […]...
Investors are always on the lookout for stocks poised to deliver hefty returns. While it’s true anyone can measure a stock’s potential by themselves, as in any field, the pros probably have the best tools at hand to assess the choices the market presents.This is where we turn to the analysts on the Street. Some of the best amongst them are currently employed by famed investment firm RBC Capital, as the company sits at the top of the heap of TipRanks’ Top Performing Research Firms.The company, like many in the industry, begins a new year by reassessing the future potential of stocks under its coverage.With this in mind, we decided to take a look at three tickers the investment firm thinks have the potential to take off in 2020. All currently have Buy consensus ratings from the Street and all, according to RBC analysts, have the potential for gains in the...
We are still in an overall bull market and many stocks that smart money investors were piling into surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained more than 57% each. Hedge funds' top 3 stock picks returned 45.7% last year and beat the S&P 500 […]...
