Amid market volatility, there are stocks investors shouldn't miss to buy, and there are those that are considered dead money that should be sold. Investor Place's editor Jeff Reeves reveals which stocks must be sold right now.
Investors
Next Plc beats profit forecast; raises wages
Surpassing analysts' projections, UK retailer Next Plc posted better than expected results for the first half of 2015. The pretax profit rose 7.1 percent to GBP347million ($533MN) for the first half. Retail profit margins grew 14.9 percent from 14.1 percent during the previous corresponding period. The strengthening British pound also helped Next Plc improve profit margins.
Glencore Billionaire Willing To Pay $210 Million Bill To Help Company's Balance Sheet
Glencore's Chief Executive Officer, co-founder, and second largest shareholder Ivan Glasenberg is set to pay $210 million of the company's impending $2.5 billion sale of new shares to repair its balance sheet.
BMW invests millions in a startup that parks your car
BMW, the German automaker is investing millions in a new parking startup based in San Francisco. BMW through its investment unit, BMW i Ventures is investing an undisclosed amount in an on-demand parking company called ZIRX. The news was confirmed by ZIRX CEO and co-founder himself, Sean Behr.
China economy concerns: It's overdone, says Goldman Sachs
Allaying fears about China's economy slowing down, Goldman Sachs says it's overblown. However, the American investment bank agreed that recently the world witnessed some negative developments.
Latest News
The Wild Stock Market has scared many investors, but more millennials are investing in stocks despite volatility. According to CNN Money, stock trading app Robinhood, which is popular among millennials, reported that the number of new accounts in their site doubled on August 24 when the stock market fell over 1,000 points at the open. On that Monday, 65% of US customers bought stocks, rather than sell. As the market sell off continued the following day, Robinhood users bought more stocks.
Going the by technical charts on S&P 500 index movement, the formation of 'Bearish Divergence' is a warning signal for investors not to take any fresh positions. The relative strength index (RSI) is moving downwards when equity prices are trending higher.
Naguib Sawiris, the third richest man in Egypt announced he wants to buy an island either in Greece or Italy to relocate refugees from the war zone, Syria. He wants to name it 'Ilan' to remember Aylan Kurdi, the Syrian boy drowned on Turkish shore.
When people talk about successful startup tech companies, the first thing that comes to mind is Silicon Valley. But half way across the world, four bright founders from Britain are changing the startup venture industry.
Gold Distribution and Gold ATM Vending Company, Zen Gold, is under heavy fire from Tony Hetherington. The British Entreprenuer claims that his investment in the gold company turned to dust.
When stock markets tumble, bonds gain momentum and vice versa. But, this time it's a different picture. Contrary to market expectations, bonds market couldn't pick up when equities across the global market dropped in August.
Don't put all eggs in one basket - this is basic investment principle in portfolio diversification. But keeping eggs in so many baskets will also not give the desired results, alert analysts.
The encouraging rise in revenues and further growth potential have helped industrial equipment hire group Ashtead to top the FTSE-100 stocks in terms of price rise in the market.
The concerns about the future course of Viacom among its investors led the continuous drop in stock on Nasdaq. The latest watching ratings on Viacom's MTV, Nickelodeon, Spike and Comedy Central steeply fell when compared to its competitors. This has created doubts among the company's investors, who resorted to offload their holdings on Nasdaq exchange.
