One name is also flashing a technically bullish signal. ConocoPhillips, the third-largest company in the energy space, saw its 50-day moving average cross above its 200-day at the end of December. Boris Schlossberg, managing director of FX strategy at BK Asset Management, agreed that this is the energy stock to watch in 2020. ConocoPhillips trades at 20 times forward earnings, while the XLE energy ETF trades with a 16 times multiple. “They have a very strong plan going into the next decade where

Daniel GrizeljThe stock market surged in 2019, closing out the end of the decade by posting its best annual gain in six years. Charlie Fitzgerald, a financial advisor at Moisand Fitzgerald Tamayo, an advisory firm with offices in Orlando and Melbourne in Florida, said a strong stock market often leads investors to be overconfident and assume the gravy train will last. The only year that saw better annual performance over the past three decades was 1997, when the S&P 500 yielded 33.4%. There were

Democratic presidential hopeful former Vice President Joe Biden laughs during the sixth Democratic primary debate of the 2020 presidential campaign season co-hosted by PBS NewsHour & Politico at Loyola Marymount University in Los Angeles, California on December 19, 2019. Joe Biden’s presidential campaign took in $22.7 million in the fourth quarter, an improving fundraising pace that still lags some of his rivals for the 2020 Democratic nomination. It marks the best cash haul for the former vice

The severe shortage of homes for sale is upending the sales calendar for the whole housing market. In 2019, however, January was the busiest month on the site in 20 of the largest 100 metropolitan markets. In 2018, January was the busiest month in just three of the largest 100 markets. Atlanta’s housing market is particularly spare, especially on the low end. “It’s a race out here, so it’s either they get started fast or they wait until the actual spring market, and they miss out on all the inve

The father of passive investing told CNBC on Thursday that the shift toward index funds has vindicated his ideas and that there is still too much active management. Burton Malkiel is a professor emeritus of economics at Princeton University and author of the famous investing book, “A Random Walk Down Wall Street.” “Well, now in mutual funds the index share is now more than 50% and the active share is less.” Malkiel’s book, published in 1973, influenced the thinking of many industry leaders who p

Warren Buffett may have a giant cash pile to burn but that doesn’t necessarily mean he will compromise his long-standing value investing principles. In November, Buffett backed out of a bidding war after a slightly higher offer to buy hot technology distributor Tech Data. On Thursday we learned he also declined to purchase luxury jeweler Tiffany when it was looking for a buyer last year. Lofty market valuations could be holding back Buffett and his partner Charlie Munger, Berkshire’s vice chairm

Low-cost investing pioneer Vanguard has finally followed other peer brokerage firms in eliminating stock commissions entirely. Charles Schwab was the first major broker to give investors zero-commission online trades, pressuring rivals to follow suit. Schwab announced on Oct. 1 that commissions would go from $4.95 for online trading of stocks and ETFs to zero. Vanguard helped revolutionize the investment business by keeping costs as low as possible, an idea pushed by founder Jack Bogle. In addit

Margot Robbie, Mary Elizabeth Winstead, Rosie Perez, Ella Jay Basco and Jurnee Smollett-Bell star in “Birds of Prey: And the Fantabulous Emancipation of One Harley Quinn.” Bank of America revealed its top short-term ideas for the quarter ahead, and AT&T and Exxon Mobil made the list. The bank is betting on AT&T’s “accelerating earnings growth on new cost cutting initiatives and stock repurchases.” With a price target of $43, Bank of America believes the stock can go up about 10% from here. AT&T

Financial professionals sit in the Goldman Sachs booth on the floor of the New York Stock Exchange. Tracking changes to expected sales numbers is one of the best ways to pick stocks, according to new research from Goldman Sachs. Analysts at the bank set out to see if changes to revenue projections by analysts were a leading indicator of stock performance. To test this, Goldman sorted stocks based on recent changes to consensus revenue projections in FactSet. The revisions portfolio beat similar

On Dec. 28, former President Barack Obama revealed his annual year-end list of favorite books. Over the next few days, he also shared his favorite movies, TV shows and songs of 2019. Obama’s movie list includes “American Factory,” a documentary from his and his wife Michelle’s new production company, Higher Ground Productions. SiR “Juice” by Lizzo “Redesigning Women” by The Highwomen “Anybody” by Burna Boy “Burning” by Maggie Rogers “Baila Baila Baila” (Remix) by Ozuna feat. Don’t miss: Barack O

Serena Williams has been a professional tennis player since she was 14. I am the most boring spender ever,” Williams told People. In addition to tennis, Williams has her own direct-to-consumer fashion line, called S by Serena, and runs a venture capital firm, Serena Ventures, which has invested in more than 30 startups since 2014. The firm focuses on new companies that are founded by women or minorities, and its mission is “to be more inclusive,” Williams told CNBC in September. Still, Williams

When setting New Year’s money resolutions, a majority of Americans (61%) say they plan to pay off debt in 2020. Consider refinancingIf you’re paying back loans, such as a mortgage or student debt, refinancing is an option. When you refinance your loan, you’re given a new loan with more favorable terms, often a lower interest rate. With student loans, refinancing can be helpful since doing so often means consolidating multiple loans into one at a lower interest rate with lower monthly payments. Y

The best market opportunities might be outside the US: Gilman Hill’s Jenny HarringtonJenny Harrington, CEO and portfolio manager at Gilman Hill Asset Management, joins “Fast Money Halftime Report” to discuss her outlook for the markets in 2020.

In other words, the corporate earnings outlook has not improved. However, this strong performance now puts more pressure on companies to deliver strong corporate earnings. Corporate earnings were lackluster in the first three quarters of 2019 as growth remained flat in the first half of the year. In the third quarter, S&P 500 earnings fell by 2.2% on a year-over-year basis. She expects the S&P 500 to return an average of 5% annually to investors throughout the 2020s and reach 5,050.

The brokerage’s new, $515 price target makes it the biggest Tesla bull of the major brokerages on Wall Street. Peloton Interactive — Peloton shares gained more than 1% after Baird named the company a “fresh pick.” United Airlines — United Airlines gained 1.7% on Thursday morning after Evercore ISI upgrade the company to outperform from in-line. The firm also raised its price target for United’s stock to $125 per share from $105. The analyst also slashed his price target on the stock to $12 per s

If the U.S. economy were to fall into a recession in 2020, it would likely be because of an unforeseen event, Wall Street pioneer Burton Malkiel told CNBC on Thursday. “My guess is, if we have a recession, what’s going to cause it is some shock that we don’t know of now,” Malkiel said on “Squawk on the Street.” A resumption of the trade war,” he suggested. Recession worries were elevated at times in 2019 as the U.S.-China trade war, uncertainty around Brexit and slowing global growth dominated h

Former General Motors Vice Chairman Bob Lutz believes ousted Nissan boss Carlos Ghosn’s ego contributed to the executive’s fall from grace and current status as an international fugitive. “He was a control freak; needed to amass enormous power,” Lutz said. Ghosn, according to Lutz, operated more as “a head of state than a CEO,” citing he was a person who “exhibited traits of someone who takes himself too seriously.” Lutz, who retired in 2010 after a 47-year career in the auto industry, also said

A group of Amazon employees say the company has threatened to fire them for speaking out against the company’s environmental policies. In a statement posted to Twitter on Thursday, Amazon Employees for Climate Justice said that several employees were contacted by legal and HR representatives, who said they were in violation of the company’s external communications policy. Maren Costa, a user experience experience designer, was one of the employees Amazon threatened to fire. Amazon employees have

The Food and Drug Administration is banning most fruit and mint-flavored nicotine vaping products in an effort to curb a surge in teen use, the agency said Thursday. The FDA is specifically banning cartridge-based nicotine pods like Juul, allowing vape shops to continue selling tank-based flavored nicotine liquids, which require users to manually fill e-cigarettes. The Trump administration was expected this week to issue a ban on flavored e-cigarette pods and flavored liquid nicotine products. ”

Awesome Games Done Quick (AGDQ), the annual charity speedrunning marathon, is back this year for its 10th anniversary livestream. Things kick off Sunday, Jan. 5 at 11:30 a.m. EST and run all week long until Saturday, Jan. 11. Over nine years of events, which also include the popular Summer Games Done Quick (SGDQ), it’s raised more than $22.3 million. They’ll attempt Fallout , Fallout 2 , Fallout 3: Game of the Year Edition , Fallout New Vegas: Ultimate Edition , and Fallout 4 back-to-back in jus