Shares of Apple surged to an all-time high on Wednesday after reporting earnings that beat Wall Street’s expectations. The iPhone maker delivered adjusted EPS that came in 10 cents above estimates on revenue of $45.4 billion. The tech giant’s iPhone deliveries also came in better than analysts were looking for. Using hedge fund analytics tool […]
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Some industrial and consumer stocks are among the biggest winners the week after the U.S. reports a solid monthly jobs report, history shows. Friday’s employment report showed the U.S. economy added 209,000 jobs in July, beating expectations of 183,000 and marking a second straight month of plus-200,000 job creation. When the monthly jobs report comes […]
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Call it the Oprah Winfrey effect. Shares of Weight Watchers were climbing more than 15 percent in premarket trading Friday, after the New York-based company reported earnings that topped Wall Street expectations and raised its outlook for the full year. Ever since Winfrey associated herself with the brand back in 2015, Weight Watchers has been […]
Read moreThe stock market “has an awful good gig going,” with the economic recovery reaching all corners of the globe and U.S. inflation and interest rates still at historic lows, Leuthold Chief Investment Strategist Jim Paulsen told CNBC on Friday. “We’ve got a fully employed economy, rising real wages. We restarted the corporate earnings cycle. We’ve […]
Read moreAs the dollar continues to get whacked, one market watcher says a historically weak greenback could present unique opportunities for Wall Street. “We’re seeing the most synchronized global growth expansion since the crisis. It’s not just the U.S. It’s Europe. It’s China. It’s Japan. It’s emerging markets. That’s what’s moving the dollar,” Stephen Parker of […]
Read moreCheck out which companies are making headlines before the bell: ADP – Bill Ackman’s Pershing Square said it was seeking effective control of the payroll services company through nominations for five board seats at the annual meeting, and is also calling for the replacement of CEO Carlos Rodriguez. Cigna – The insurer reported adjusted second […]
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Activision Blizzard has been on a stealth rally this year, soaring nearly 76 percent, and traders are betting on an even bigger rally ahead. The video game giant is the best performing tech stock in 2017, quietly hitting an all-time high on Thursday. According to Mark Tepper of Strategic Wealth Partners, the gaming industry is […]
Read moreReflecting on his infamous 2007 rant where he accused Federal Reserve members of ignoring signs of potential financial collapse, Jim Cramer reluctantly offered some bad news. “I’m still seeing loans being made that they should intervene on right now, tomorrow, tomorrow morning, this time by reckless lenders in the subprime auto industry, offering paycation, nothing […]
Read moreIt is not secret that Jim Cramer loves when companies engineer rational break-ups, and in the case of Wyndham Worldwide, his sentiments were no different. Wyndham Worldwide CEO Steve Holmes told the “Mad Money” host on Thursday that the split would, indeed, be “great for the business,” particularly because Wyndham’s hotel and timeshare components had […]
Read moreCambria Investment Management’s Meb Faber believes investors should expect pretty lousy returns in the coming years due to pricey equity valuations. CNBC’s Mike Santoli spoke with Faber, who invests globally using a ‘deep’ value investing strategy, in an exclusive interview for CNBC PRO. Santoli asked the ETF manager for his market outlook. “A few years […]
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