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Even With A Nearly Doubled Standard Deduction, Itemizing Might Still Be The Right Move
Friday, January 26, 2018 - 12:32pm | 960Should you itemize deductions or take the standard deduction for tax year 2017 (the taxes you will file in early 2018)? Either path may be right for you, so don't just assume the standard deduction is your best option. With today's sophisticated tax software, it's relatively easy to...
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Trump Says GDP Growth Will Be 'Much Higher' Than 4% In Davos Interview
Friday, January 26, 2018 - 11:13am | 478President Donald Trump's speech Friday at the World Economic Forum in Davos, Switzerland was a pitch to the global community in which the president laid out key reasons to do business in America. Ahead of the speech, Trump spoke with CNBC's Joe Kernen to discuss tax reform, the business...
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Tax Reform Is Boosting Wages And Bonuses, But Some Corporations Are Still Cutting Jobs
Thursday, January 25, 2018 - 6:19pm | 608The December 2017 non-farm payroll report revealed the U.S. unemployment rate was at 4.1 percent for the third consecutive month, the lowest since 2000. Wages rose 9 cents, marking the biggest monthly increase in 2017, compared to a 5-cent increase in November. Even as the data points showed a...
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Telsey Upgrades Dollar General, Sees Accelerated EPS Growth
Thursday, January 25, 2018 - 3:02pm | 336Dollar General Corp. (NYSE: DG)'s operating initiatives, store openings, and financial setup makes the stock look attractive at current levels, according to Wall Street's newest bull analyst. The Analyst Telsey Advisory Group's Joseph Feldman upgraded Dollar General's stock from...
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Podcast: Why One Tax Reform Fund Is Underweight On Tech Stocks
Wednesday, January 24, 2018 - 11:56am | 578(0:30) - Event Shares Tax Reform Fund: Is The New Tax Bill A Winner? (3:00) - TAXR Underweight In Tech: Repatriation Clause (6:45) - What Tech Companies Does TAXR Hold? (9:00) - Overview of Event Shares Tax Reform Fund: TAXR On today's episode of the Tech Talk Tuesday podcast,...
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Wells Fargo Cites Tax Reform In Dollar General Upgrade
Tuesday, January 23, 2018 - 1:07pm | 354Dollar General Corp. (NYSE: DG)'s strategy of aggressively opening new stores prompted analysts at Wells Fargo to sit on the sidelines, but President Donald Trump's tax reform has now "dramatically improved" the dollar store's outlook for 2018. The Analyst Wells Fargo's...
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4 Reasons Wells Fargo Is Growing Positive On Kirby
Monday, January 22, 2018 - 10:47am | 394Kirby Corporation (NYSE: KEX), a tank barge operator that transports bulk liquid products throughout the U.S., could see its stock benefit in 2018 from even a modest cyclical recovery, according to Wall Street's newest bull. The Analyst Wells Fargo's Michael Webber upgraded Kirby's...
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Lowe's Earns Itself A Double-Upgrade From Bernstein
Monday, January 22, 2018 - 9:37am | 462Analysts at Bernstein initiated coverage of Lowe's Companies, Inc. (NYSE: LOW) last February with a bearish stance, but nearly one year later the firm has three compelling reasons to turn bullish. The Analyst Bernstein's Brandon Fletcher upgraded Lowe's' stock from...
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A Restaurant Pair Trade: Jack In The Box Vs. Bloomin Brands
Friday, January 19, 2018 - 6:25pm | 596The restaurant sector, especially in the domestic market, is likely to benefit from multiple tailwinds, including tax reform and strong demand, according to Goldman Sachs. But some names will perform better than others. The Analyst Goldman Sachs' Karen Holthouse upgraded Jack in the Box...
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The Big Bank Q4 Earnings Roundup: Tax Charges Drag Bottom Lines
Friday, January 19, 2018 - 11:53am | 1202Big banks began to report earnings in the week ended Jan. 12, and the financial earnings news flow continued into the week ended Jan. 19. A Muted Show The financial sector turned in 2.4-percent year-over-year revenue growth for the fourth quarter, the second lowest of all the eleven sectors,...
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Oppenheimer Upgrades CarMax, Says Used Car Sales, Tax Savings Support Bullish Move
Thursday, January 18, 2018 - 1:23pm | 462Analysts at Oppenheimer assumed a "cautious" stance on CarMax, Inc (NYSE: KMX) in October, but three months later the firm is upgrading the stock. The Analyst Oppenheimer's Brian Nagel upgraded CarMax's stock rating from Perform to Outperform with a price target boosted...
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Munster: Apple is Flush With Cash, But Don't Expect Big M&A
Thursday, January 18, 2018 - 10:40am | 449Apple Inc. (NASDAQ: AAPL)'s decision to repatriate more than $200 billion in cash has many investors speculating a major M&A deal is imminent. But according to a top Apple watcher, that won't be the case. The Analyst Gene Munster, a former research analyst and co-founder of Loup...
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Goldman Sachs Upgrades Walmart To Buy, Credits Tax Reform
Thursday, January 18, 2018 - 9:57am | 349Shares of Wal-Mart Stores Inc (NYSE: WMT) have gained more than 50 percent over the past year as the company's various initiatives gained momentum. But one notable firm kept a neutral stance on the stock until now. The Analyst Goldman Sachs' Matthew Fassler upgraded Walmart's stock...
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Morgan Stanley Upgrades Dean Foods, Cites 'More Balanced' 2018
Wednesday, January 17, 2018 - 4:48pm | 312Shares of Dean Foods Co (NYSE: DF) have lost more than 40 percent over the past year, but one analyst sees a "more balanced" setup for 2018. The Analyst Morgan Stanley's Matthew Grainger upgraded Dean Foods' stock from Underweight to Equal-Weight with an unchanged $11 price...
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Oppenheimer Prefers Dollar General Over Dollar Tree, But Is Bullish On Both
Wednesday, January 17, 2018 - 3:23pm | 679The dollar store sector is attractive, according to an Oppenheimer analyst who initiated coverage of both Dollar General Corp. (NYSE: DG) and Dollar Tree, Inc. (NASDAQ: DLTR) with bullish ratings. The Analyst Oppenheimer's Rupesh Parikh initiated coverage of Dollar General's stock with an...