J.P. Morgan added Weight Watchers to the firm’s list of “overweight” stocks, saying the weight loss company is poised for “outsized” growth as it looks to add more big-name celebrities through its partnership with Oprah Winfrey. “Management stabilized the trajectory … by revamping its points program, significantly improving the mobile platform, and recruiting pivotal social […]
Read moreShares of Urban Outfitters rose nearly 4 percent on Tuesday after at least four brokerages raised their price targets following the company’s upbeat quarterly same-store sales forecast at its retail business. The owner of Anthropologie and Free People clothing chains said same-store sales so far in the second quarter had climbed to the mid-teens percentage […]
Read moreShares of Sage Therapeutics gained nearly 6 percent Tuesday in premarket trading after the company said the Food and Drug Administration has cleared it to expedite development of its drug to treat major depressive disorder and postpartum depression. Sage said its currently ongoing trial in women with postpartum depression will now be designated a pivotal […]
Read morePresident Donald Trump‘s agreement with North Korean leader Kim Jong Un allows the market to focus on more pressing issues such as the Federal Reserve‘s policy meeting, economist Mohamed El-Erian told CNBC on Tuesday. “Look for markets to say, ‘Great, that’s a first, good constructive step with what happened in Singapore,'” Allianz’s chief economic advisor […]
Read morePaul Tudor Jones said Tuesday that a new exchange-traded fund about investing based on social impact could one day rival the benchmark U.S. stock index. “I think it’s going to be a really big ETF down the road. I think it’s going to rival the S&P and the Nasdaq because I think it has both […]
Read moreCheck out the companies making headlines before the bell: AT&T, Time Warner – AT&T and Time Warner will find out today if a judge plans to allow or block their planned merger deal. U.S. District Judge Richard Leon will announce after 4 p.m. ET whether he is siding with the Justice Department or with the […]
Read moreTesla is making significant progress in ramping up production of its Model 3 electric car, according to one Wall Street firm. KeyBanc Capital Markets significantly raised its second-quarter Model 3 delivery estimate to 30,000 from 20,000, citing its conversations with Tesla dealers. “Our checks with sales centers indicate Model 3 deliveries are tracking ~50% higher […]
Read moreThe price of bitcoin may sink even lower, cryptocurrency trader Ran Neu-Ner says. “We keep going down, and we’re testing new lows,” Neu-Ner said Monday of the cryptocurrency market on CNBC’s “Fast Money.” “Sixty-two-fifty is the next point,” said Neu-Ner, who is host of CNBC Africa’s “Crypto Trader.” “If it goes under that, we’re going […]
Read moreJust as investors have grown accustomed to bigger market swings, one strategist says we should return to calmer trading in the back half of 2018. Jonathan Golub, U.S. equity strategist at Credit Suisse, expects a situation reminiscent of 2017, one of the smoothest periods of trading in Wall Street history. He anticipates this even as […]
Read moreA momentous meeting in Singapore. A trio of top central bank meetings. Simmering trade tensions between the U.S. and foreign powers. Megamerger discussions. All of these potentially market-moving occasions are jam-packed into this week, but I’m keeping an eye on what I’m calling my #1 tradeable event this week: the Consumer Price Index due out […]
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