Stocks surged after President Donald Trump said he will be meeting with his Chinese counterpart, Xi Jinping, at the upcoming G-20 summit.US Marketsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
A Bloomberg News report Tuesday morning said the White House had looked at such a move back in February.Marketsread more
Trump starts the campaign season in an unusual spot for a president: overseeing a strong economy but facing low approval ratings.Politicsread more
The move is part of a larger trend that saw the survey's 179 participants move away from risk and toward positions that reflect fear of a coming economic slowdown spurred by a...Marketsread more
Trump went after Draghi for opening the door for more monetary stimulus in Europe, which would weaken the euro relative to the dollar.Marketsread more
Shares of Beyond Meat soared 18% in premarket trading Tuesday, surpassing $200 per share.Food & Beverageread more
John Legend said music streaming has made artists rethink how they create and distribute their music. Instead of focusing on delivering CDs, musicians have shifted to doling...Entertainmentread more
UBS believes a rate cut from the Federal Reserve would do little to lift the market.Marketsread more
Google Calendar is down around the world, but you can install the Google Calendar app on your phone or tablet to still see your events.Technologyread more
U.S. stocks lower Friday with weak new home sales numbers pushing the three major averages down.
Two market strategists remain positive on U.S. stocks.
Chris Bertelsen is Chief Investment Officer with Global Financial Private Capital. He says once the summer doldrums pass he expects the market to "resume its climb toward 19,000 on the Dow Jones Industrial Average, to 2,300 on the and 5,500 on the Nasdaq. "
Ernesto Ramos, is portfolio manager of the four star Morningstar rated BMO Large Cap Growth Fund at BMO Global Asset Management.
He says he is positioned for U.S. strength and underweight more globally exposed companies.
Bertelsen goes on to say the biggest catchy phrase is "learning to love what you hate. Start picking off all the peak margin, peak P/E, peak P/S, zero growth American blue chippers," says Bertelsen, "especially as activists or even better new CEO's enter the fray. The poor performance of stocks like IBM and Coca-Cola are crying out for restructure [creative destruction]. We have seen that already with major pharma like Merck and Pfizer. Shrink to grow. "