Wall Street is declaring Gap Inc. the “weekend winner” as strong department store traffic over Thanksgiving and Black Friday hints at a better-than-expected holiday season. While analysts were impressed with mall shopping overall, several said Gap companies including Old Navy were the biggest surprises. “Traffic and conversion appeared solid on Black Friday, despite sales continuing […]
Read moreDon’t panic, but there is now a 70 percent chance of a U.S. stock market correction, according to research conducted by fund giant Vanguard Group. There is always the risk of a correction in stocks, but the Vanguard research shows that the current probability is 30 percent higher than what has been typical over the […]
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Broad agreement seems to be spreading on Wall Street that we are late in this economic and market cycle. But what exactly does that mean for investors when no one knows for sure how long it can “stay late” — or how generous the market might be before the cycle turns from “late” to “over?” […]
Read moreBank stocks have lagged the broader market over the last month, and veteran analyst Dick Bove has one name to buy and sell into the end of the year. “[I would] buy Bank of America and short Goldman Sachs,” Bove said in a recent interview on CNBC’s “Trading Nation.” The Vertical Research Group analyst sees […]
Read moreCheck out which companies are making headlines before the bell: Qualcomm – Broadcom is considering raising its offer to buy its rival chipmaker, according to a Reuters report. Broadcom’s last offer consisted of $60 per share in cash and $10 per share in Broadcom stock, but sources say top Qualcomm shareholders want at least $80 […]
Read moreUnder Armour is on track for its worst year ever, but one portfolio manager is saying that the sports apparel maker could actually still be a long-term value play. “In the long run, looking at three to five years, if you are an investor, the fundamentals are so neutral and the stock is so low […]
Read moreCNBC’s Jim Cramer may not be a chartist, but he understands why charts are so important for predicting the market’s major moves. “You must consider them as if they are footprints at a scene of a crime. These footprints trace out what big money managers might be doing with their buying and selling of stocks,” […]
Read moreDespite recent disappointments over a possible T-Mobile-Sprint deal, investors should favor shares of T-Mobile and expect a buyback, according to JPMorgan. Calling the mobile provider “the best long-term idea in wireless,” analyst Philip Cusick told clients in a note that the company is likely to initiate a share buyback sooner than originally projected. Source: Investment […]
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The Nasdaq’s record run is nothing short of “amazing,” and it’s showing no signs of stopping, technical analyst Louise Yamada says. The tech-heavy index hit another record on Tuesday, closing at 6862.48 for its 66th high this year. According to Yamada, the charts are pointing to an even bigger breakout. “I think the Nasdaq has […]
Read moreCheck out which companies are making headlines before the bell: Deere & Co. – The heavy equipment maker reported quarterly profit of $1.57 per share, beating estimates by 10 cents a share. Revenue also beat forecasts, with Deere saying the overall market improved and sales in South America saw a particularly strong rebound. Rockwell Automation […]
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