U.S. stocks suffered their worst January in at least seven years last month, as the slump in oil prices, coupled with China’s economic slowdown and continued market interventions, roiled global assets. But Myles Bradshaw, the head of global aggregate fixed income at Amundi, believes markets have been too hasty to call an economic slump and now is the time to buy underpriced riskier assets. “I think you have got to take a step back — because you can get caught up with the noise of the markets — and ask yourself, fundamentally, what is the outlook for the global economy?”…
Author: Deep
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Jay-Z’s streaming music service Tidal is on a winning streak this month thanks to exclusive releases from Rihanna, Beyoncé, and Kanye West. The iOS app shot to the top of the free app charts thanks to those high-profile artists, where it currently hovers in the No. 2 spot. But while Tidal is riding high, the company’s approach may have an unintended consequenece: the return of music piracy. Kanye West released his long-awaited new album, The Life of Pablo, over the weekend after tons of hype and some bizarre tweetstorms. But West chose to release his album only on Tidal, and…
As a rough January for stocks comes to an end, BMO Private Bank’s chief operating officer Jack Ablin sees a few reasons to be optimistic. First of all, the decline in stock prices have made U.S. stocks—which he has recently perceived as rather pricey—a better value. “We are getting close, or closer, to fair value, and I think that’s something that investors can eventually sink their teeth into,” Ablin said last week on CNBC’s “Futures Now.” ‹ The Fed is freaking out about markets:Kudlow The Fed should stay the course on rates:Feldstein › Additionally, the asset allocator actually draws something…
Hardcore PC gaming enthusiasts may be waiting for the long-delayed, next-gen graphics processors due later this year, but AMD, Nvidia, and their hardware partners still have perfectly potent graphics cards to sell in the meantime.To entice would-be graphics-card buyers off the fence, both camps are bundling their high-end GPUs with free copies of hotly anticipated PC games. Naturally, the games utilize graphics technology developed in close partnership with the graphics giants. AMD beat Nvidia out of the gate by announcing a Hitman bundle late Tuesday evening. The game just held a closed beta over last weekend, and as we said…
The “Fast Money” traders gave their final trades of the day. Tim Seymour was a seller of the iShares MSCI Emerging Markets ETF. Brian Kelly was a buyer of CME Group. Dan Nathan was a seller of the Consumer Staples Select Sector SPDR Fund. Guy Adami was a buyer of the iShares 20+ Year Treasury Bond ETF. Trader disclosure: On January 29, 2016 , the following stocks and commodities mentioned or intended to be mentioned on CNBC’s “Fast Money” were owned by the “Fast Money” traders: Tim Seymour is long AAPL, BAC, DO, FCX, INTC, IWM, NKE, T, XOM. Tim’s…
Indian startup Ringing Bells has aroused curiosity by promising to launch a 251 rupees (US$4) smartphone, in the latest bid to take communications to the country’s masses. The device has no pretensions. It has a 4-inch IPS display, a 3.2 megapixel rear camera, a 0.3 megapixel front camera and runs on a 1.3GHz quad-core processor with 1GB RAM and 8GB internal memory expandable up to 32GB with an SD card, according to the product website. The phones, which carry a warranty of one year, run Android Lollipop 5.1. There are concerns, however, that the measures taken to keep the device…
Big changes at the top of your company can be scary and unpleasant, but they don’t have to be disastrous for you personally. With a little luck, a shakeup can even benefit you in the long run — if you play your cards right. The first thing to understand is that living through a big management change is pretty much inevitable over the course of a career, says Ford R. Myers, president of the job coaching firm Career Potential and author of “Get the Job You Want, Even When No One’s Hiring.” “I want people to understand, when they’re going…
Companies reported some spectacular quarters this week, and Jim Cramer thought it just added more fuel to the fire in Friday’s rally. It was the stocks that had huge moves this week that made it to Cramer’s shopping list for next week, because he is confident that there could be more sell-off days ahead. First on Cramer’s list was Facebook, which blew away investor expectations when it reported. Cramer thinks this stock remains cheap, even after its remarkable run. “Here is a company that is making a fortune off you, and you love it,” the “Mad Money” host said. Adam…
Jim Cramer was really puzzled about the aerospace group this week. He decided to make it his mission to figure out if this group is peaking, because there is some serious money to be made or lost when it comes to the sector. The aerospace stocks have been among the strongest out there. The space was suddenly called into question on Wednesday when Boeingreported a decent quarter, but then gave very weak guidance. Immediately, investors worried that the aerospace sector could be peaking, and Boeing’s stock plunged almost 9 percent in a single session. Even though Boeing got the most…
In what once seemed like an unlikely partnership, Spotify and Google are teaming up to give free Chromecasts to new Spotify Premium subscribers. The free Chromecast deal is valid until February 28 and requires a three-month membership to Spotify Premium, which costs $10 per month. In exchange, subscribers get a free second-generation Chromecast, normally priced at $35. There’s just one catch: The deal is only for people who’ve never signed up for a Premium trial or paid for the service before. Chromecast is a small dongle that plugs into a television’s HDMI port, and streams videos or music from the…