Author: JavaExchange

Parts of the cyclical trade could be prime for a comeback, says Wilmington Trust’s Meghan Shue.

With stocks closing at all-time highs after a record-making week, the narrow leadership from growth stocks may be an indicator of what’s to come, the firm’s head of investment strategy told CNBC’s “Trading Nation” on Friday.

“A lot of commentators and strategists will point to this as a risk, and there are risks around that narrow leadership, but it also presents an opportunity,” the $114 billion money manager said.

https://www.cnbc.com/2020/08/23/wilmington-trusts-meghan-shue-flags-cyclical-trade-opportunities.html

Facebook just keeps charging higher.

The stock hit an all-time high Tuesday, closing at $280.82, and has roared 105% off its March low. Even after that run, Cowen analysts are still backing the company — the firm on Tuesday set a Street high price target of $330 on the stock, highlighting increased exposure to e-commerce as a major tailwind.

Joule Financial President Quint Tatro is more bullish on Facebook than even Cowen’s price target.

https://www.cnbc.com/2020/08/26/facebook-could-be-the-next-1-trillion-company-heres-how.html

SINGAPORE — Bonds sold off and stocks took a breather on Wednesday as investors waited to hear from the Federal Reserve about its next moves to support the U.S. economic recovery, while oil jumped to a five-month peak as a hurricane disrupted output in the Gulf of Mexico. Read More

Stocks steady, bonds sold as markets turn to Jackson Hole — Financial Post

Crude reserves fall by nearly 5 mln barrels. With the summer storms projected to slow or halt oil refinery production for weeks, prepare for the cost of crude to rise.

SHANGHAI — China stocks declined on Wednesday, dragged lower by losses in the tech-heavy start-up board ChiNext, as investors booked profits after two straight sessions of sharp gains following a historic reform to drive technology investment. Read More

China shares fall as tech-heavy start-up index ChiNext snaps two-day rally — Financial Post

LONDON — It sounds like a surefire bet. You lend money to a borrower who puts up collateral that exceeds the size of the loan, and then you earn interest of about 20%. What could possibly go wrong? Read More

Boom or bust? Welcome to the freewheeling world of crypto lending — Financial Post

https://finance.yahoo.com/interactive/american-mall-experience-evolving-eyes-210000517.html

NEW YORK — Oil prices rose on Monday as storms headed for the Gulf of Mexico shut more than half of the region’s offshore production, with the more dangerous of the two storms expected to strike later in the week. Read More

Oil prices rise as storms cut U.S. production — Financial Post

NEW YORK — The S&P 500 and the Nasdaq reached new record closing highs on Monday as optimism over potential medical advances in the war against the coronavirus pandemic pushed all three major U.S. stock indexes higher. Read More

S&P, Nasdaq close at new highs as Wall Street rides bull momentum — Financial Post

The Trump administration welcomes private equity for retirement plans but builds new barriers against sustainable investing.

How 2 Labor Dept. Rules Can Undermine Your Retirement Plans — NYT > U.S. > Politics