By Associated Press | | PUBLISHED: December 14, 2018 at 8:52 am | UPDATED: December 14, 2018 at 8:54 am By Marley Jay, The Associated Press Stocks are sagging Friday after weak economic data from China has investors worrying about the global economy again. China’s government said industrial output and retail sales both slowed in November. In the U.S., health care products giant Johnson & Johnson plunged after Reuters reported that the company has known since the 1970s that its talc baby powder sometimes contained carcinogenic asbestos. Technology companies slipped after software maker Adobe reported a smaller-than-expected profit and gave a weak earnings forecast. KEEPING SCORE: The S&P 500 index lost 29 points, or 1.1 percent, to 2,621 at 11:30 a.m. Eastern time. The Dow Jones Industrial Average fell 353 points, or 1.4 percent, to 24,250. The Nasdaq composite slid 62 points, or 0.9 percent, to 7,007. The Russell 2000 index of smaller-company stocks, which has taken … [Read more...] about Stocks stumble again; Johnson & Johnson dives on report it knew talc powder had asbestos
Stocks
Toronto stock market down amid lower oil prices, U.S. markets fall
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By The Canadian Press Fri., Dec. 14, 2018 Canada’s main stock index stepped lower in late-morning trading as the energy sector lost ground amid lower oil and natural gas prices. The S&P/TSX composite index was down 66.85 points at 14,683.50. In New York, the Dow Jones industrial average was down 307.61 points at 24,289.77. The S&P 500 index was down 24.95 points at 2,625.59, while the Nasdaq composite was down 58.31 points at 7,012.02. The Canadian dollar traded for 74.76 cents US compared with an average of 74.86 cents US on Thursday. The January crude contract was down 99 cents at US$51.59 per barrel and the January natural gas contract was down 24.2 cents at US$3.88 per mmBTU. Article Continued Below The February gold contract was down US$7.60 at US$1,239.80 an ounce and the March copper contract was down 1.35 cents at US$2.75 a pound. Report an error Journalistic Standards About The Star TOP STORIES, DELIVERED TO YOUR … [Read more...] about Toronto stock market down amid lower oil prices, U.S. markets fall
Tesla still has a ‘golden opportunity’ waiting to be unlocked, and one analyst says it should send the stock soaring (TSLA)
Graham Rapier, provided by Published 8:58 am CST, Friday, December 14, 2018 Mario Tama/Getty Images Tech analyst Daniel Ives has launched coverage of Tesla with an extremely bullish thesis. His $440 price target is well above the stock's current trading price and Wall Street's average target. Ives says "near term turbulence" will pass in favor of heightened demand and production. Not all of Wall Street is sold on Tesla's ability to sustain the surprise profit it reported in October, but the number of "buy" ratings is increasing. Daniel Ives, an analyst at Wedbush Securities, has launched coverage of Tesla with a price target of $440 — 17% above Thursday's closing price — saying that investors should ignore "near term turbulence" and instead focus on continued sales growth and innovation. "While no investor will argue the innovation that Elon Musk & Co. have built at Tesla as the success is evident for anyone that has driven on a road … [Read more...] about Tesla still has a ‘golden opportunity’ waiting to be unlocked, and one analyst says it should send the stock soaring (TSLA)
The CEO whose stock exchange is taking on Nasdaq and NYSE says people don’t realise how different entrepreneurship is from corporate life
IEX cofounder and CEOBrad Katsuyama worked at the Royal Bank of Canada before creating his own company. He said employees take a lot of things for granted at big companies that people don’t have as an entrepreneur. “It’s incredibly humbling. You get rejected hundreds of times and people are basically pretty ruthless at times about the thing, your dream,” Katsuyama said. For 12 years, Brad Katsuyama worked at the Royal Bank of Canada before cofounding his company, the stock exchange IEX, in 2012 and then later becoming the star of Michael Lewis’ bestseller “Flash Boys.” Since becoming an entrepreneur himself, Katsuyama has noticed there’s a romanticization of entrepreneurship, which can make quitting everything and starting a company seem like it can be for anyone. “I think what concerns me a little bit about what happens now or when I talk at universities or different places, I think some people want to start a company more … [Read more...] about The CEO whose stock exchange is taking on Nasdaq and NYSE says people don’t realise how different entrepreneurship is from corporate life
Here’s what stocks Bank of America is betting big on in 2019
By Jade Scipioni Published December 14, 2018 Markets FOXBusiness Facebook Twitter Comments Print video The potential tech stocks to boost your portfolio Pacer ETFs' Sean O'Hara on the opportunities for investors in the tech sector. New year, new stock portfolio? Continue Reading Below While many have fears that an impending recession could be looming in the year ahead, with nearly half of U.S. CFOs believing the downturn is likely, it doesn’t mean you shouldn’t be bullish with your portfolio. At the end of each year, Bank of America Merrill Lynch (BAML) publishes its list of its favorite stocks for next year to give investors an idea on where it sees the market going. To be included in the list, a company’s shares must currently have a buy rating. BAML also notes to those skeptical, that its list has proven to outperform the benchmark. For example, 2018’s list has already generated a 3.2 percent rate since … [Read more...] about Here’s what stocks Bank of America is betting big on in 2019