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The Dow Jones industrial average surged 300 points to top 21,000 for the first time, the dollar advanced and Treasuries fell as investors grew increasingly confident global economic growth is accelerating, clearing the path for higher interest rates in America.
Major lenders led gains among equities, with Goldman Sachs Group Inc. and JPMorgan Chase & Co. trading at all-time highs as the odds for a rate hike in two weeks swelled past 65% and President Donald Trump’s address to Congress did little to alter views that his administration will seek pro-growth policies. Industrial and energy shares also surged as the S&P 500 Index rallied the most since the day after the election.
Currencies
The Bloomberg Dollar Spot Index jumped 0.4%, climbing for a fourth straight day and heading for the highest level since Jan. 27. The yen slumped 0.8% to 113.65 per dollar, for a third day of losses. The euro dropped 0.3% to $1.0550 and the British pound weakened 0.7% to $1.2291.
Best Gold Stocks For 2019: Neuberger Berman MLP Income Fund Inc.(NML)
Advisors’ Opinion:
- [By Ethan Ryder]
New Millennium Iron Corp (TSE:NML)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as C$0.07 and last traded at C$0.07, with a volume of 21500 shares traded. The stock had previously closed at C$0.07.
Best Gold Stocks For 2019: General Motors Company(GM)
Advisors’ Opinion:
- [By Daniel Miller]
The automotive industry looks more like the Wild Wild West than ever before. Automakers are developing ridesharing projects, Silicon Valley tech companies are developing driverless technology, and auto dealership groups are developing online selling platforms. Even Avis Budget Group, Inc. (NASDAQ:CAR) has to be commended for its forward-thinking strategy acquiring Zipcar and inking partnerships with the likes of Alphabet’s Waymo, its autonomous car development company. Avis’ recent move is a smart decision, but General Motors (NYSE:GM)might end up crashing the party.
- [By Zacks]
Importantly, Kellogg is not the first company to exit the country. Other companies include Clorox (NYSE: CLX), Kimberly-Clark (NYSE: KMB), General Mills (NYSE: GIS) and General Motors (NYSE: GM). Though Kellogg stated that it looks forward to resume operations once conditions improve, we believe that chances are dim considering the dismal economic situation.
- [By John Rosevear]
General Motors (NYSE:GM) said on Monday that it will spend $175 million to retool a Michigan factory to make two upcoming new Cadillac sedans.
Yes, sedans. While rival Ford Motor Company (NYSE:F) plans to replace most of the sedan and hatchback models it sells in the U.S. with SUVs, GM is following a different path — despite the fact that Cadillac’s U.S. sedan sales fell 27% last year.
- [By Keith Noonan, Chris Neiger, and Daniel Miller]
To help our readers identify investments that offer protection against a potential downturn, as well as avenues to substantial capital appreciation, we put together a panel of Motley Fool investors and asked each member propose a stock they think presents long-term opportunity at a relative bargain price today, and to shed some light on why. Their picks: IBM (NYSE:IBM), General Motors (NYSE:GM), and Seagate Technology (NASDAQ:STX).
- [By Chris Lange]
General Motors Co. (NYSE: GM) will report its most recent quarterly results on Tuesday. The consensus analyst estimates are $1.38 in EPS and revenue of $36.55 billion. Shares of GM were at $41.00 on Fridays close. The consensus price target is $47.30, and the 52-week range is $31.92 to $46.76.
Best Gold Stocks For 2019: CubeSmart(CUBE)
Advisors’ Opinion:
- [By Shane Hupp]
DigiCube (CURRENCY:CUBE) traded 50.6% lower against the U.S. dollar during the 1 day period ending at 0:00 AM E.T. on June 17th. One DigiCube coin can now be purchased for $0.0001 or 0.00000001 BTC on cryptocurrency exchanges. DigiCube has a market capitalization of $157,100.00 and approximately $21,384.00 worth of DigiCube was traded on exchanges in the last 24 hours. During the last seven days, DigiCube has traded 38% lower against the U.S. dollar.
- [By Shane Hupp]
DigiCube (CUBE) uses the hashing algorithm. It launched on March 12th, 2016. DigiCube’s total supply is 2,429,126,009 coins. DigiCube’s official Twitter account is @PurePoS. DigiCube’s official website is www.freestaking.com.
- [By Joseph Griffin]
DigiCube (CURRENCY:CUBE) traded 0.4% lower against the US dollar during the 24-hour period ending at 13:00 PM E.T. on May 25th. DigiCube has a total market cap of $363,954.00 and approximately $783.00 worth of DigiCube was traded on exchanges in the last 24 hours. During the last week, DigiCube has traded 0.6% higher against the US dollar. One DigiCube coin can currently be purchased for $0.0001 or 0.00000002 BTC on popular cryptocurrency exchanges.
Best Gold Stocks For 2019: Alpine Total Dynamic Dividend Fund(AOD)
Advisors’ Opinion:
- [By Logan Wallace]
Oppenheimer & Co. Inc. lifted its stake in shares of Alpine Total Dynamic Div (NYSE:AOD) by 14.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,451 shares of the investment management company’s stock after acquiring an additional 12,551 shares during the period. Oppenheimer & Co. Inc. owned 0.09% of Alpine Total Dynamic Div worth $906,000 as of its most recent SEC filing.
