Check out which companies are making headlines before the bell: Lowe’s – The home improvement retailer earned $1.05 per share for the third quarter, three cents a share above estimates. Revenue topped forecasts, and comparable-store sales were up 5.7 percent compared to the Thomson Reuters consensus of a 4.6 percent increase. Like rival Home Depot, […]
Read moreDollar Tree, the biggest U.S. dollar-store chain operator, on Tuesday reported third-quarter comparable store sales and profit that beat Wall Street estimates, helped by higher customer traffic and spending at its stores. Sales at stores open for more than a year rose 3.3 percent, above the 2.4 percent rise expected by analysts, while same-store sales […]
Read moreHardly anything has made CNBC’s Jim Cramer want to reconsider his bullish thesis on discount retailer Ollie’s Bargain Outlet Holdings since he recommended it in early 2016. “Ollie’s, both the store and the stock, [is] en fuego. And it makes sense. After all, this company is an off-price retailer, and that’s the best acting portion […]
Read moreNext year will likely bring lower returns and perhaps a “pause” for the stock market, longtime bull Jeremy Siegel told CNBC on Monday. In fact, he believes the market is “clearly near to a top.” “We have one more push and I think it’s connected with the corporate tax reform,” the Wharton School finance professor […]
Read moreForecasts for the holiday shopping season are strong, because economic indicators generally are as well: the stock market, wages and consumer confidence are all up. Bain & Company is forecasting growth 3.5 percent to 3.9 percent. The National Retail Federation is anticipating a rise between 3.6 percent and 4 percent. Those numbers though, don’t tell […]
Read moreInvestors are too optimistic and taking on too much risk in this low volatile environment, setting the stock market up for a potential downfall, according to strategists at investment bank Societe Generale. “In a goldilocks scenario of low interest rates, abundant liquidity, stable growth and a focus on the ‘good’ Trump, investors continue to push […]
Read moreIf you are looking for easy answers or reassuring platitudes, do not check in with Jack Bogle, the 88-year-old founder and retired CEO of the world’s largest mutual fund company, Vanguard, which manages $4.5 trillion in assets. “I seek the truth,” he said. “In my long experience, one thing I know is that truth is […]
Read moreCheck out which companies are making headlines before the bell: Wal-Mart – Goldman Sachs downgraded its outlook for the retail giant, lowering the firm’s rating on Wal-Mart to “neutral” from “buy.” In a note, Goldman said Wal-Mart “has solidified its transition to a winner” and sees the market’s price for the stock as having caught […]
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It’s been hip to be Square this year. Shares of the mobile payment stock have surged 222 percent in 2017, including 13 percent last week alone following the announcement that it would begin testing bitcoin on its app and a big analyst upgrade. Evercore ISI upgraded Square to outperform on Friday and doubled its price […]
Read moreMost of the upside for Wal-Mart‘s stock is now behind it after its big run this year, according to Goldman Sachs. The firm on Monday lowered its rating for Wal-Mart shares to neutral from buy, citing valuation. We downgrade “as the firm’s progress in growing earnings while investing in its business has been recognized by […]
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