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 Donald Trump proclaimed the economy healthy in a pair of tweets Wednesday, saying the only thing holding U.S. growth back was the Federal Reserve.Marketsread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread 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
Fitbit is hoping to shift its business model from relying on hardware sales to selling health plans and governments on software and services.Technologyread more
Lowe's also tops rival Home Depot on same-store sales growth in the U.S.Retailread more
"Under the guidance of the new CEO, Lowe's is getting its act together," says Oppenheimer's Brian Nagel. "If we're right here and this continues, this stock has a long way to...Retailread more
Cowen's aerospace analyst named Boeing as his number one stock pick for 2019, saying in a note on Thursday the airplane maker "is in a production sweet spot" heading into next year.
"Most investors miss the power of BA's favorable production environment and potential to deliver extended cash flow ramp," Cowen's Cai von Rumohr said in a note to clients.
Boeing's stock is up more than 13 percent this year, even after shedding more than 6 percent in November as Indonesian investigators analyzed the Oct. 29 crash of a Boeing 737 MAX plane in which 189 people were killed.
The Wall Street firm said it sees Boeing getting a cash-flow bump next year from five areas: "(1) gradual production uptrend, (2) maturing mix, (3) stable pricing with supplier step-downs, (4) no upcoming labor negotiations, and (5) 787 delivery shift to more profitable Dash 9/10 models."
Cowen has a $445 a share price target on Boeing. The firm said the aerospace giant is primed for smooth growth next year, with quarterly earnings beats "as it consistently did in 2013 [through 2017]."
"Given visibility of a seven-year backlog and still-solid traffic growth, it would take a sharp economic slowdown to disrupt the favorable current production outlook," Cowen said.