Bank of America CEO Brian Moynihan is not worried about an economic slowdown as the U.S. consumer is still in a strong place.Banksread more
Target CEO Brian Cornell says he's encouraged by Trump's decision to postpone some consumer-oriented tariffs that were supposed to start Sept. 1.Retailread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
President Trump insists the economy is healthy and says the only thing holding U.S. growth back is the Federal Reserve.Marketsread more
Target shares opened at record high after the retailer beat second-quarter earnings expectations and boosted its full-year estimates.Retailread more
Transports are stuck at a red light this month, but Old Dominion Freight Line has managed to steer clear of the trouble.Trading Nationread more
Sanders' sweeping proposal would make it easier for workers to join unions and end the so-called right-to-work laws recently favored by the GOP.2020 Electionsread more
Germany has sold a 30-year bond with a 0% interest rate for the first time on Wednesday.Marketsread more
Morgan Stanley warns that "the wheels for a slowdown are in motion," adding that a slowdown in the manufacturing sector is spreading.Marketsread more
Lowe's also tops rival Home Depot on same-store sales growth in the U.S.Retailread more
Target beats second-quarter earnings expectations thanks to an increase in traffic and sales. The retailer also boosts its full-year estimates.Retailread more
U.S. stock gains pushing the market back to record levels Monday, on some corporate earnings standouts and encouraging signs of a manufacturing comeback.
The much-refrained Wall Street expression, "Sell in May and go away," a warning for investors to liquidate stocks this month to avoid a summer slide, apparently still rings partially true for some investors.
Appearing on CNBC's Power Lunch Monday, Drew Kanaly, chairman and president of Kanaly Trust, said "The secular bull market in U.S. equities is intact, though valuations argue for lower returns. We also expect a ten percent correction, and when that TIME comes, we'll be buyers on the dips."
Because Kanaly thinks U.S. stocks are "expensive," he favors non-U.S. developed and emerging markets instead. "Global equity valuations remain relatively attractive and fundamentals are improving." Kanaly said.
Kanaly is currently making a bold energy play in master limited partnerships, or MLPs. Because this asset class invests in energy infrastructure like storage facilities or oil and gas pipelines, they are typically less impacted by drops in the price of oil.