Don’t buy Chinese stocks with ‘worst enemy’s money’

  After a stunning plummet earlier in the year, Chinese stocks are again on the rise, with the Shanghai composite up more than 18 percent this quarter. But one investor still says that he’s staying away at all costs. “I wouldn’t use my worst enemy’s money to buy these stocks. We would avoid China altogether,” said Chad Morganlander, portfolio manager ... Read More »

Santoli: Flat periods often good for bull market

The stock market is either in balance or indecisive, wobbling like a slowly spinning top or gathering fresh energy like a sitting bull through a long rest. However your eyes behold this market, what’s certain is that it has been decidedly flat for quite a while now. This is where you might protest that stocks have been skittish and irresolute, ... Read More »

Three winning stocks for Thanksgiving week

U.S. stocks could be in for some gains during this holiday-shortened week, if history is any guide. In the past 20 years, the stock market rose during the week of Thanksgiving, posting an average return of 1 percent, according to Kensho, a tool designed to quantify historical market events. Among the winners, consumer stocks took the lead as investors got ... Read More »

US oil settles down 15 cents, or 0.36%, at $41.75 a barrel

U.S. crude closed slightly lower on Monday after rising as much as 1 percent on Saudi Arabia’s pledge to work on price stability offset some worries about the global oil market glut. A rally in gasoline and ultralow sulfur diesel (ULSD) futures also bolstered the petroleum complex. Traders bought those refined products amid strong demand for gasoline at pumps and ... Read More »

Early movers: AGN, PFE, MNK, TSN, MTCH, FB, WMT & more

Check out which companies are making headlines before the bell: Allergan, Pfizer — The two drug companies will combine in a deal valued at about $160 billion. Allergan shareholders will receive 11.3 shares in the newly combined company for each share they now hold, valuing Allergan at $363.63 per share. Mallinckrodt — The drug maker earned an adjusted $1.84 per ... Read More »

Don’t ignore what could be the jolly season for stocks

Stocks had their best week of the year and the upswing could continue into Thanksgiving week, usually a good one for the market. The S&P 500 finished Friday up 3.3 percent at 2,089, its best weekly performance since last December, after logging a 3.6 percent decline the previous week. The Dow rose 3.4 percent, its best week in six. “People ... Read More »

Sell stocks—they’re tremendously vulnerable: Investor

The S&P 500 closed out its best week of the year Friday, rising 3.27 percent. However, one investor is still very wary of the remarkable gains. Chad Morganlander, portfolio manager at Stifel Nicolaus’ Washington Crossing Advisors, recently went underweight the S&P, given the slowdown in corporate earnings and revenue. “We believe that earnings growth is going to be lackluster in ... Read More »

Peabody Energy to sell New Mexico, Colorado assets for $358 mln

Peabody Energy said it had agreed to sell its New Mexico and Colorado coal assets to Bowie Resource Partners for $358 million in cash. Shares of the company jumped more than 15 percent in premarket trading following the announcement. (Get the latest quote here.) Bowie will also assume about $105 million in related liabilities, Peabody said on Friday. Bowie, which ... Read More »

Procter & Gamble: Time for a split: Barron’s

Executives of consumer-products giant Procter & Gamble, the maker of Tide detergent and other household goods, should consider breaking up the company to improve its beleaguered performance, Barron’sfinancial newspaper said. The “radical action” would give the Cincinnati-based company a chance to contend with more “agile competitors,” according to Barron’s report this weekend. Procter & Gamble has been struggling with weak ... Read More »

ICICI Bank announces cut in home loan rates

ICICI Bank, the largest private sector lender, has announced a 0.10 per cent reduction in home loan rates for a limited period, bringing them on par with bigger rival State Bank of India. ICICI Bank will offer home loans of up to Rs 75 lakh at 10.15 per cent, the same rate as SBI, between May 15 and June 30. ... Read More »