On today’s edition of Rob Black’s Winners and Losers, our financial expert Rob Black talks with KRON4’s James Fletcher about stocks, Amazon’s possible surge, and millennials’ later retirement.
Rob also answers the viewer question, “What bank should my son at college use?”
Dow jumps 300 points: Stocks traded higher on Wednesday as investors digested news related to the ongoing trade war between the United States and China. The Wall Street Journal reported China is working to increase access to foreign companies, a move aimed at smoothing U.S.-China trade relations.
Amazon could surge 37 percent in 2019: Amazon (AMZN) has been on a tear this year, and there’s even more room to run in 2019, according to one analyst. Cowen says Amazon is the firm’s best bet in 2019. Blackledge’s price target on the company is $2,250, which represents 37% upside from Tuesday’s closing price.
Millennials at risk of retiring later: Many millennials won’t be able to retire until 70 or later, according to a report from Aon. More than half are under-saving by more than four times their annual salaries. The reasons include student loan repayments and buying their first homes.
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