Caterpillar‘s quarterly earnings report was the “most serious beat and raise” of the earnings season, and the stock will continue to climb, CNBC’s Jim Cramer said Tuesday. Shares of the construction machinery maker jumped Tuesday after it reported better-than-expected second-quarter earnings before the bell. The stock was nearly 5 percent higher at the open, trading […]
Read moreThe Bank of England (BoE) has criticized complacent lenders after growing levels of personal debt have put the U.K. economy at risk of another economic downturn. The central bank’s financial stability director said banks, credit card companies and car loan providers risked slipping into a “spiral of complacency” by assuming risks to the U.K. economy […]
Read more
Citi shares rose 3 percent in opening trade Tuesday as the financial firm began its first investor day since May 2008, just before the financial crisis. “As you know, it has been a while since we have hosted an Investor Day,” Citi CEO Michael Corbat said in prepared remarks Tuesday. “Some people have asked why […]
Read moreWhen a stock drops after an earnings report, analysts typically follow the directional move the next day with a negative commentary in their notes to clients. This was not the case with the reports on Alphabet Tuesday morning. Almost every major Wall Street analyst defended their bullish calls on the company even as its shares […]
Read more
Facebook shares fell in the premarket Tuesday after the earnings report for internet competitor Alphabet disappointed investors, who sent shares of the Google-parent down more than 3 percent. But Citi Research believes these investors are wrong and that actually a figure within the Alphabet’s earnings report points to a better-than-expected result from Facebook when the […]
Read moreAmazon isn’t just going after retailers and grocery stores. It’s capturing a bigger share of the business supplies space as well. Amazon Business, a business marketplace launched in 2015, now has over one million customers, more than tripling in size from last May, Amazon announced Tuesday. It also said there are more than 85,000 sellers […]
Read moreAllegations of industry collusion between Germany’s car manufacturing industry is not likely to spill over into a major global legal threat, Arndt Ellinghorst, head of global automotive research at Evercore ISI, told CNBC on Tuesday. German news magazine, Der Spiegel, reported Friday that Volkswagen, Audi, BMW, Porsche and Daimler may have been engaged in an […]
Read moreUBS said in a note to investors on Tuesday that it’s reiterating its buy rating on Apple with a 12-month price target of $170. The bank believes the upcoming iPhone 8 has the potential for huge sales because of expected upgrades from phones sold in fiscal 2015. Shares of Apple were up 1.4 percent to […]
Read moreCheck out which companies are making headlines before the bell: 3M – The diversified consumer products maker earned an adjusted $2.25 per share for the second quarter, falling short of the $2.54 consensus estimate. Revenue also missed forecasts, although the company did raise its full-year outlook. United Technologies – The maker of Pratt & Whitney […]
Read moreAfter a horrible start to the year for Under Armour shareholders, a top Wall Street firm says there is no turnaround in sight for the sports apparel company. Deutsche Bank lowered its rating for Under Armour shares to sell from neutral, citing the increasing product discounting at retail stores. Under Armour shares fell 2.7 percent […]
Read more