Third Point’s Dan Loeb, who nearly doubled the S&P 500’s return over the last two decades and manages $18 billion, just put out the most bullish note on the stock market we’ve seen in a long time from a top hedge fund manager. “We believe the US has room to lead versus the rest of […]
Read moreThe new chairman and CEO of General Electric is never going to have more “political capital” to cut the dividend than now, longtime GE shareholder Jack De Gan told CNBC on Friday after a huge earnings miss slammed shares of the industrial conglomerate. De Gan was commenting on recent market speculation that GE may reduce […]
Read moreOil prices are poised to rise as a number of positive trends take shape in the market, which is now balanced after years of oversupply, according to Schlumberger, the world’s largest publicly traded oilfield services company. Schlumberger Chairman and CEO Paal Kibsgaard sounded the positive note after his company announced its third-quarter earnings rose by […]
Read moreLululemon will be one of few retail brands that can survive the Amazon onslaught, according to one Wall Street firm. Citi Research raised its rating for the company’s shares to buy from neutral, predicting Lululemon will report earnings above expectations this year. The call sent the stock up 2.3 percent in Friday’s premarket session. “We […]
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Investors may be wise to pump the brakes on the Nasdaq as we head into big tech earnings, according to one technician. The Nasdaq 100 ETF, QQQ, posted its worst session in nearly a month on Thursday, as its top components — Apple, Facebook, Amazon and Alphabet — all fell about 1 percent. This move […]
Read moreGeneral Electric fell short of Wall Street’s expectations on by a wide margin on Friday as profits were weighed down by restructuring costs, even as revenue grew. “It’s a throwaway quarter,” Harbor Advisory’s chief investment officer Jack DeGan said on CNBC’s “Squawk Box.” Investors are looking ahead to November when the company is expected to […]
Read moreSkechers shares soared in premarket trading Friday after the company posted third-quarter earnings that blew past analysts’ estimates on record sales. The company’s shares jumped more than 22 percent prior to the opening bell. The sports footwear maker reported earnings excluding items of 59 cents a share, well above the 43 cents a share Wall […]
Read moreCNBC’s Jim Cramer had a unique experience during the historic market crash of 1987 that occurred 30 years ago Thursday. “People always want to talk about Black Monday, 30 years ago today where the Dow lost 500 points, erasing more than 20 percent of the market’s value,” the “Mad Money” host said. “But as bad […]
Read moreOnline personal shopping company Stitch Fix has filed for an initial public offering. The IPO will be the first test of investor reception to the newest breed of online shopping companies. It is likely to be watched closely by its e-commerce peers such as Warby Parker and Rent the Runway. The company did not state […]
Read moreArt Hogan was four years into his career on Wall Street when one of the market’s darkest days hit, a massive crash that would make history and leave traders like him stunned and fearing for the future. The Dow that day tumbled more than 22 percent, and for a while those who made the markets […]
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