Retailers rebound to boost S&P, Nasdaq to record highs

(Reuters) - U.S. stocks rose on Thursday, with the S&P 500 and Nasdaq Composite scaling new highs, buoyed by strong earnings reports from the embattled retailer sector. Sentiment also got a boost after the minutes of the Federal Reserve's latest meeting showed policymakers expected the economy to pick up momentum and an interest rate hike would come sooner rather than later. While gains were...
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Not all retailers stink! Best Buy stock at all-time high

With apologies to Michael Stipe of R.E.M., it may be the end of the retail world as we know it. But Best Buy feels fine. The electronics retailer reported a solid jump in sales -- both at its brick-and-mortar stores and online. Best Buy also posted a profit on Thursday that easily topped Wall Street's forecasts. Shares surged nearly 20% to their highest level ever, topping their previous recor...
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Stocks Could Rise 50%, Says Yale’s Shiller

Robert Shiller, a nobel prize winning economist, has predicted that the bull market in stocks could last several years, according to CNBC. Stocks "could go up 50% from here," he said during an interview. "That's what it did around 2000, after it reached this level, it went up another 50%." (For more, see also: The 5 Biggest Stock Market Myths.) Market Strength Shiller isn't the only one who th...
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Here’s A Clue That GE, Honeywell Profits May Be Strong: Investing Action Plan

Here's your Investing Action Plan for Friday: what you need to know as an investor for the coming day. Dow Jones industrial average component General Electric (GE) will headline earnings news, while fellow industrial giant Honeywell (HON) and oilfield services leader Schlumberger (SLB) also offer quarterly reports. But blowout earnings from industrial products maker Dover (DOV) may offer a clue...
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One of Warren Buffett’s favorite stocks is now selling at a big discount

Rarely do you get the chance to buy one of Berkshire Hathaway CEO Warren Buffett’s favorite stocks on sale. But that’s the case now with Wells Fargo. Sure, the bank looks pretty bad following revelations of fraud that cost it $185 million in fines last September. In this scandal, Wells Fargo & Co. WFC, -0.19% staff opened up over two million phony deposit and credit card accounts to hit aggres...
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Stocks are in rally mode — Dow up 200 points

Stocks are in rally mode on Thursday. Just after before 2:00 p.m. ET, markets were green across the board in New York, with the Dow up over 210 points, the S&P 500 up 22, and the Nasdaq up 58. Each of these gains is better than 0.9%, and this rally follows two disappointing days for markets. After a 4% slide on Wednesday, crude oil prices were up about 0.2%, and gold prices were down abo...
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How to trade stocks for a living: Mike Bellafiore

By Mike Bellafiore, co-founder of SMB Capital and SMB|U Recently I visited Pace University’s investment club to talk about the life of a proprietary trader. Our firm makes an effort to reach out to college trading and investment clubs to meet their members. Some of our best traders have come from these clubs. Plus, college students rarely get to interact with a professional trader so sharing ou...
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Red flags going up across markets, signal possible pullback for stocks

-The Trump administration jumped into global hot spots with both feet in the past week. -The stock market is still up sharply, with the S&P 500 up more than 9 percent since Election Day. -Markets this week have been very sensitive to speculation about North Korea. Markets have been raising some red flags this week that analysts say could result in increased volatility and possibly a stock mar...
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These Assets Would Benefit From a Weaker Dollar

President Donald Trump likes a weaker dollar, and some corners of the market agree. Though the greenback’s knee-jerk reaction from Trump’s comments Wednesday has all but been reversed, the U.S. currency appears to be entrenched in a new range amid prospects of delayed policy from Washington and a slower pace of interest-rate hikes. The Bloomberg Dollar Spot Index, slumping 4.5 percent since its...
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High hopes for profits is a risk for stocks

Expectations for Wall Street's first quarterly earnings season of 2017 are high. And that could be bad for stocks. Analysts see earnings for Standard & Poor's 500 companies growing at a 10.2% pace in the January-thru-March quarter, according to earnings-tracker Thomson Reuters I/B/E/S. If that double-digit growth rate is achieved, it will be the best since profits jumped 10.3% in the third-quar...
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