Global stocks fall, oil up amid rising rift in Gulf region

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Global stocks fall, oil up amid rising rift in Gulf region

ABC News
A man walks past an electronic stock indicator of a securities firm in Tokyo, Monday, June 5, 2017. Asian stock markets were mixed on Monday following the London attack over the weekend and a private survey showing improvement in China’s service sector.

GM shareholders to decide on Greenlight stock plan, board …

Reuters
Greenlight Capital’s plan to split up General Motors Co’s stock, as well as its challenge to the company’s board of directors, will come to a head on Tuesday, …

Oil jumps as Qatar ditched, London attacks hurt sterling

Reuters
Dubai’s stock index .DFMGI dropped 0.6 percent in early trade. Sterling GBP=D3 fell as much as 0.3 percent before paring the losses to trade down 0.2 percent at $1.2868 on Monday.

Toyota Sold All Its Tesla Stock, And Plans To Ignite 2020 Games By Flying Car

Forbes
For starters, Toyota has seemingly surrendered its entire stake in Tesla Motors Inc., concluding the two companies’ more than half-decade relationship.

Apple gets rare downgrade by Pacific Crest to start week; analyst says own Alphabet instead

CNBC
Apple shares downgraded to sector weight from overweight by technology-focused research firm Pacific Crest in a note Sunday. Analyst Andy Hargreaves believes the surging stock is not pricing in possible risks, such as supply issues with the new iPhone 8.
Investor’s Business Daily
… has risen that far above the 50-day. The last time was on March 1. After that, the Nasdaq moved sideways for several weeks. That gave time for the 50-day line to catch up – the Nasdaq found support in mid-April – and for new stock consolidations

US stock futures brush off UK terror attacks as busy week kicks off

MarketWatch
U.S. stock futures slipped slightly early Monday, as investors looked past a fresh terror attack in the U.K. to potentially market-moving events later in the week, and as oil prices rose on a rift among Gulf states.

Bitcoin Mania Infects Japanese Stock Market’s Smaller Listings

Bloomberg
The speculative frenzy in bitcoin is spilling over into the Tokyo Stock Exchange. Remixpoint Co., Infoteria Corp. and Fisco Ltd.

How Much Do You Know About China’s Stock Market? – WSJ

Wall Street Journal (subscription)
China’s stock market is more than 100 years old and ranks second in size behind the U.S. But access for foreign investors has been tightly controlled.

Here we go: Several events will test the stock market this week

CNBC
The investing world heads into the first full week of June with a slew of events that will test the market’s mettle.

Facebook Is a Great Stock But Bad For Your Health (FB)

Investopedia
have become fantastically wealthy – and presumably happy as a result – especially if they were lucky enough to get a piece of its IPO.

Pakistan sees record fall after stock upgrade

BBC News
Last week was meant to be Pakistan’s moment in the sun. On 1 June it was upgraded from the MSCI Frontier Markets Index and moved into the MSCI Emerging Markets Index, which was a “huge boost to its ego” as one analyst told me and a “reputational …

Are London Stock Exchange Shares A Buy After $685M Citi’s Bond …

Forbes
After the London Stock Exchange’s move to bag Citigroup’s Yield Book fixed-income analytics service and associated indexing business in a $685 million cash …

Americans Are Ho-Hum on Japan’s Stock Rally

Bloomberg
Japan’s stocks are on a roll this year, but even with a stronger yen to boost returns in dollars, Americans aren’t impressed.

Inside the Beltway: Weed World: Cannabis stock is up 236 percent …

Washington Times
Former Minnesota Gov. Jesse Ventura – author of the new book “Marijuana Manifesto” – will deliver a keynote address at “Cannabis World Congress …

Why Facebook, Apple-Supplier Taiwan Semi Lead 5 Stocks For Your Watch List

Investor’s Business Daily
As the major indexes continue to climb to new all-time highs, many quality stocks are now extended. Here’s a look at five top stocks still presenting actionable trading opportunities: Facebook (FB), Taiwan Semiconductor (TSM), Universal Display (OLED), …
Naples Daily News
Progress continues on Stock Plaza, a commercial development that eventually will have five buildings on the northwest corner of Collier Boulevard and Grand Lely Drive at the entrance to Stock Development’s Lely Resort residential communities. Tim Aten …

General Motors Chief Faces Showdown Over Hedge-Fund Investor’s …

Wall Street Journal (subscription)
General Motors Chief Executive Mary Barra faces shareholders this week, under pressure from a hedge-fund investor and fresh scrutiny following the ouster of …

This trend points to more stock gains even as everything around us hits the fan

MarketWatch
His first pick is Medical Marijuana MJNA, -2.49% which he says “stands out as one of the few U.S. marijuana stocks that has a reasonably large market cap and could experience tremendous growth as the size of the marijuana industry increases.

US-Stock Funds Rise, but Many Investors Look to Bonds and Europe

Wall Street Journal (subscription)
There’s an old Wall Street expression about long stock rallies: It’s too early to leave the party, but stay close to the door.

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