Investing

Wall Street is apparently done panicking over Apple. And now that the stock has bounced back from recent lows, three of the company’s advantages — popularity in China, a growing services business and a war chest of cash — provide a clear path forward, according to GBH Insights analyst Dan Ives. “[O]n the heels of
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Noah Berger | Bloomberg | Getty Images A woman walks past Salesforce.com signage at the DreamForce Conference in San Francisco, California. Salesforce.com’s “consistently strong” enterprise growth and customer demand will propel shares by more than 20 percent, according to one top Wall Street firm. Jefferies upgraded the enterprise software company’s stock to buy, saying it
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Two defense contractors will benefit the most if President Donald Trump’s budget plan is implemented, according to one top Wall Street firm. J.P. Morgan said Boeing and Lockheed Martin both received higher spending budgets for their key programs under the proposal. “From a high level, the FY19 budget largely conforms to press reports of the
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Bridgewater Associates founder Ray Dalio said on Monday the Federal Reserve’s response to better-than-expected economic data and more fiscal spending may lead to an economic slowdown. “What we do know is that we are in the part of the cycle in which the central banks’ getting monetary policy right is difficult and that this time
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Shares of Chipotle Mexican Grill continued to fall Friday as investors questioned whether the beleaguered burrito chain can draw customers to its restaurants. Chipotle’s stock has plummeted more than 17 percent since Tuesday when it posted fourth-quarter earnings that were only slightly better than expectations. Since then, shares have been hit by a number of
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A crushing oil price rout extended into a sixth day, with U.S. crude nearly falling below $58 a barrel, as rising production, a strong dollar and a broad financial asset sell-off combined to weigh down the market. The drubbing started last Friday and gathered steam this week, putting U.S. West Texas Intermediate crude on pace
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