Check out which companies are making headlines before the bell: Iqiyi, Baidu, Alibaba, JD.com – U.S.-listed China tech stocks are under pressure, following news that the U.S. is preparing additional tariffs against $200 billion in Chinese goods. 21st Century Fox – Fox raised its offer price to buy the part of British broadcaster Sky that […]
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Walgreens isn’t the only one feeling the pressure of Amazon’s PillPack acquisition, as one Wall Street analyst copped to underestimating just how aggressively the e-commerce giant would disrupt drugstores. “We are downgrading shares of Walgreen … ending one of the more painful experiences I have endured in my 15 [plus] years as a sell-side analyst,” […]
Read morePepsiCo‘s quarterly numbers Tuesday morning may be a signal for another strong earnings seasons, according to CNBC’s Jim Cramer. “They reported exactly what the bulls wanted,” said Cramer, whose charitable trust owns shares of the New York-based food and beverage company. Pepsi’s stock rose Tuesday after the company reported fiscal second-quarter earnings that beat Wall […]
Read moreOil prices will back away from $80 a barrel over the next six months as Saudi Arabia and its allies add more supplies to the market, Barclays said in a research note on Tuesday. The bank said the more bullish outlook held by some of its peers “rests on shaky ground,” and the market is […]
Read moreFinancial stocks may be underperforming this year, but veteran bank analyst Dick Bove isn’t retreating into the bear camp. According to the chief strategist at Hilton Capital Management on CNBC’s “Trading Nation” on Monday, second-quarter earnings should shock financials back into rally mode. It could happen as early as this Friday, when J.P. Morgan Chase […]
Read moreThe Supreme Court’s ruling that gives states more power to collect sales tax from online transactions will hurt eBay’s business, according to SunTrust Robinson Humphrey. The firm lowered its rating to hold from buy for eBay shares, predicting the additional tax compliance requirements will drive sellers away from the online auction platform. Last month the […]
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Investors should sell Chipotle Mexican Grill shares given a lack of clear innovation in the near-term, according to one analyst, and limit any upside for the already recovered stock. Mizuho downgraded the burrito chain’s stock to underperform from neutral Tuesday, encouraging clients to curb exposure until it’s clear chief executive Brian Niccol can replicate the […]
Read moreWhile some advisors are optimistic that the bull market will continue, others are preparing investors for what they see as its imminent end. These advisors say that, as the current bull is now the second-longest ever, the odds are overwhelming that it will soon be growing bear fur. I am, however, very confident and see […]
Read moreDespite a volatile first half of the year, U.S. equities have blazed past the rest of the world. Michael Bapis, managing director of The Bapis Group at Hightower Advisors, is on the lookout for the corners of Wall Street that can rally if the U.S. holds its lead. He told CNBC’s “Trading Nation” on Monday […]
Read moreThe last earnings season was all about raising expectations for earnings on the back of corporate tax cuts, share buybacks, and a synchronous global economic expansion. A lot has changed in the last three months, according to Nick Raich of Earnings Scout. “Last earnings season it was all about raising estimates. This earnings season, all […]
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