Nordstrom’s recent earnings sell-off presents a compelling buying opportunity, according to Deutsche Bank, which upgraded the stock to a buy rating and called the drop in share price “overdone.” “We believe Nordstrom has the best developed digital strategy within our department store coverage, with 29 percent of sales now digitally enabled,” analyst Paul Trussell wrote […]
Read moreBanks need to start paying more attention to the technology sector as this is where their future competitors lie, the executive chairman of Spanish lender BBVA said Wednesday. Francisco Gonzalez said that it is tech firms, both large and small, that the banking industry should be monitoring – and not other financial institutions. “Our competitors […]
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After Micron Technology‘s explosive start to the year, investors may be wondering whether the semiconductor company has any more energy in its rally. The charts suggest it does, according to one market watcher. “It could still have some more upside,” Matt Maley, equity strategist at Miller Tabak, said on CNBC’s “Trading Nation” on Tuesday. “We […]
Read moreThe deluge of recent negative media coverage on Tesla is missing the real story, according to one Wall Street firm. Baird reiterated its outperform rating for Tesla shares, predicting the electric car maker will make significant progress in raising its Model 3 production volumes. “Negative headlines have increased substantially in the past month and, in […]
Read moreComcast said Wednesday it is in “advanced stages of preparing” a “superior” all-cash offer for the parts of Twenty-First Century Fox that Rupert Murdoch’s company has agreed to sell to Walt Disney. Comcast, CNBC’s parent company, said in a statement that the offer would top the value of the deal with Disney, but no final […]
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AS A citizen, Dave Jones worries that climate change may imperil his two children, and theirs in turn. What exercises him, as California’s insurance commissioner, is the way in which a transition to a low-carbon economy might affect the financial health of his other charges—the state’s 1,300-odd insurers. On May 8th Mr Jones unveiled an […]
Read moreCheck out the companies making headlines before the bell: Lowe’s – The home improvement retailer missed estimates by 3 cents a share, with quarterly earnings of $1.19 per share. Revenue missed forecasts, as well, and same-store sales were up 0.6 percent compared to the consensus Thomson Reuters estimate of a 3.1 percent increase. Lowe’s said […]
Read moreFacebook Chief Executive Mark Zuckerberg’s meeting with European lawmakers in Brussels on Tuesday has been criticized by political representatives for being too short and providing “no answers.” Zuckerberg’s appearance in the European Parliament was facilitated by Antonio Tajani, the parliament’s president, and consisted of around an hour of questions and less than 10 minutes of […]
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Streaming giant Netflix is on its way to making new highs, but it needs to crack one key level first, according to TradingAnalysis.com founder Todd Gordon. “Netflix is acting very feisty up around this $340 level,” Gordon said Tuesday on CNBC’s “Trading Nation.” He expects the stock to break above that level soon and soar […]
Read moreEmerging market stocks have seen better days. The EEM, an ETF tracking emerging market stocks, is trading firmly in a correction, down over 10 percent since its January high and falling nearly 5 percent in the last three months alone. Its performance for the month of May is negative for a second month. Of course, […]
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