Check out which companies are making headlines before the bell: Sears Holdings — The company announced Thursday it is closing 64 Kmart stores and 39 Sears establishments. Sears said the shutdowns are expected to start between early March and April. Constellation Brands — The beer maker reported better-than-expected quarterly earnings. The company also raised its […]
Read moreCurrency, United States Finance
Oil likely to see downward correction over the coming months, Commerzbank says
Oil traders should expect prices to pullback by at least 15 percent over the coming months, according to a senior analyst at Commerzbank. Oil prices rose to their highest levels since mid-2015 on Wednesday amid political unrest in Iran, despite analysts saying there was little risk of supply disruption from OPEC’s third largest producer. And […]
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Investors have been binging on Netflix this week, sending the stock to all-time highs. TradingAnalysis.com’s Todd Gordon says the streaming platform’s run is hardly done. According to Gordon, the stock just broke out of a consolidation near the $200 region, and based on one market theory Netflix is set to soar higher. Gordon is basing […]
Read moreMorgan Stanley said on Friday it would take a $1.25 billion hit in its fourth-quarter earnings due to a cut in the corporate tax rate as part of the U.S. tax code overhaul. The net blow of the bill to the bank will include about a $1.4 billion net discrete tax provision, mainly due to […]
Read moreInvestors are piling into AMD shares and selling Intel stock after major chip security vulnerabilities were revealed earlier this week and it totally makes sense. Enterprises will logically diversify their chip security architecture risk for mission critical applications by buying more AMD server chips in the future. The company’s “architecture differences” have proven immune to […]
Read moreChina’s Commerce Ministry said on Friday it will limit exports of crude oil, refined oil products, steel and other metals to North Korea, in line with tough new sanctions imposed by the United Nations for Pyongyang’s missile tests. The statement comes after the U.N. Security Council last month unanimously voted in favor of new penalties […]
Read moreWith a flurry of financial earnings coming next week, one market watcher is naming two stocks investors should consider. Strategic Wealth Partners’ Mark Tepper likes J.P. Morgan and BlackRock, which report earnings next Friday morning. Wells Fargo and PNC Financial also report earnings that day. Here are Tepper’s takes on the stocks: A ‘Dimon’ in […]
Read moreSAN FRANCISCO — Apple says all of its Macs, iPhones and iPads contain a security flaw that requires an update. It’s not alone. Any owner of a PC, tablet or smart phone should make sure that automatic software updates for their operating systems are enabled after security researchers this week revealed a broad flaw in […]
Read moreDonald Trump campaigned as a jobs creator, with lofty promises of reviving American manufacturing and reclaiming jobs that had gone overseas. On a campaign stop in 2015, he proclaimed he would “be the greatest jobs president that God ever created.” According to the Bureau of Labor Statistics, an average of 174,000 jobs were added per […]
Read moreU.S. employers likely maintained a brisk pace of hiring in December while increasing wages for workers amid growing confidence in the economy, which could pave the way for the Federal Reserve to increase interest rates in March. Nonfarm payrolls probably increased by 190,000 jobs last month, according to a Reuters survey of economists, after a […]
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