|
 The European Union proposed a conditional extension of the Brexit deadline until May 22 -- when elections for the European Parliament begin -- in draft conclusions of a European Council meeting Thursday, according to reports. However, the extension would be tied to the U.K. Parliament supporting Prime Minister Theresa May's withdrawal deal. The deal, or an amended version thereof, is expected to be put to vote next week. The EC said an extension beyond May 22 was impossible due to the EU elections, which the U.K. isn't intending to take part in. May had requested an extension until June 30. At present, the U.K. is set to leave the EU on March 29 without a trade deal in place. The British pound , dropped to a session-low of $1.2981 shortly before the extension proposal became known. It was its lowest level in about two-weeks. Sterling last bought $1.3046, down 1.1% from Wednesday. The euro , meanwhile, bought £0.8700, up 0.6%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
|
 A measure of stocks across the globe rose in a volatile session on Thursday, led by gains on Wall Street, while the dollar rallied as traders continued to digest the Federal Reserve's uber-dovish stance.
|
|
 Interest rates on U.S.
30-year, 15-year fixed-rate mortgages fell to their lowest in
over 13 months as bond yields have decreased on worries about a
slowing economy and U.S.-China trade tensions, Freddie Mac said
on Thursday.
|
|
Shares of Apple Inc. rose 0.7% in premarket trade Thursday, bucking the weakness seen in the broader stock market, after analyst Laura Martin at Needham upgraded Apple ahead of the company's press event next week. Martin raised her rating to strong buy, after being at buy for the past two years, and boosted her price target to $225 from $180. Martin said the expected announcement of a new content service should lower churn, which she believes is the most important value driver for an ecosystem company, which Apple users believe the company is. "The lower the churn, the higher the lifetime value per user," Martin wrote in a note to clients. Separately, Wedbush's Dan Ives reiterated his outperform rating but lifted his stock price target to $215 from $200, saying he views the long-awaited unveiling of Apple's new streaming video service as a "pivotal step" in further driving its services flywheel. While Apple's stock rose ahead of the open, futures for the tech-heavy Nasdaq 100 fell 0.4% and futures for the Dow Jones Industrial Average shed 93 points, or 0.4%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
|
|
 President Donald Trump said Wednesday he wants to keep tariffs on China until he makes sure Beijing complies with any trade deal it makes with the U.S., as he visited the battleground state of Ohio and renewed an attack on the late Sen. John McCain.
|
|
Jim Cramer explains why he thinks President Donald Trump plans to leave tariffs in place and why the Federal Reserve helped in his trade standoff with China.
|
RELATED ARTICLES | | |
|
This year has been an unusually bullish one for U.S. stocks. Granted, the market started 2019 with the advantage of a steep selloff during the final three months of last year, setting up a big bounce out of an oversold condition. Traders remain confident at current levels, however, not flinching at the first whiff of potential trouble.
The S&P 500's 15% advance from the late-December low hasn't just put the broad market back into a bullish mode, however. It has yanked some stocks out of a rut and back into an uptrend as well. In many of those cases, that turnaround coincides with a fundamental turnaround from the company itself.
With that as the backdrop, here's a rundown of the nine best U.S. stocks to plug into for a turnaround effort. All of them have made good forward progress, developing some momentum as a result. A closer read of their respective headlines also reveals the much-needed rhetoric has taken a turn for the better, reflective of fresh profit growth, sales growth or both.
In no particular order...
SEE ALSO: 2019's Most Surprisingly Hot Stocks
|
|
Private Label