One week ago, a full buffet seemed to open up in front of Wall Street’s underfed bears. Stocks in Europe and Japan, leaders all year, were in sharp pullbacks and Chinese growth numbers fell a bit short. Prices for high-yield corporate debt, a key support for equities, were sagging and their yields rising from historically […]
Read moreInvestors may want to take cover soon. Art Cashin, UBS’ director of floor operations at the New York Stock Exchange, says a “split personality” is manifesting itself in the stock market, and it could hit Wall Street where it hurts at any moment. “We’ve been setting record new highs, and often the breadth has been […]
Read moreNaming hedge-fund billionaire Nelson Peltz to the Procter & Gamble board will be beneficial to shareholders, Anne Sheehan, director of corporate governance at CalSTRS, told CNBC on Friday. The activist investor won a proxy-vote recount for a board seat earlier this week after the initial results showed he failed to secure enough votes. P&G can […]
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Traders are using options to make big bets on Deere, Palo Alto Networks, and Hewlett Packard Enterprise ahead of earnings next week. Deere reports on Wednesday before the bell, and while traders are bullish on the stock ahead of the report, they’re not anticipating a monster gain. Last month traders bought more than 10,000 calls […]
Read moreVenezuela, one of Latin America’s biggest oil producers, has an import problem that could shock the global market and send U.S. refiners on the hunt for replacement supplies. Venezuela’s crude production has been steadily declining as the oil-dependent state slogs through an economic crisis precipitated by years of government mismanagement and exacerbated by a prolonged […]
Read moreThough stock market prices have held up in November, investors generally are running from risk at a near-record pace. Judging from the flow of money out of high-yield bonds, investors are getting increasingly leery of a market that continues to hover around record levels, despite a handful of rough trading sessions in November and a […]
Read moreShares of Foot Locker spiked 30 percent Friday after the shoemaker posted stronger-than-expected earnings. If shares close at those levels, it will be the company’s single best trading day since 1977. Foot Locker posted adjusted earnings per share of 87 cents versus an average analyst estimate of 80 cents. The company also beat expectations on […]
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It may not be a comeback. Cisco shares surged to 16-year highs this week, as the ’90s tech darling posted better-than-expected earnings, but one strategist warns the rally is nothing more than a short squeeze. According to Larry McDonald, founder of the Bear Traps Report, short interest ratio in Cisco has tripled since May. “Heading […]
Read moreGeneral Electric shares have fallen 42 percent this year, on pace for their worst annual performance since 2008. While some may view the stock as a no-touch at current levels, Larry McDonald, founder of the Bear Traps Report, sees it as a “screaming buy,” even with the company slashing it dividend in half. Here’s why. […]
Read moreSweeping changes are coming to several key sectors in the S&P 500 next year, with big names like Amazon and Netflix likely being moved into a new sector. The changes don’t take effect until September, 2018, but already Wall Street is trying to figure out what big names will will be moved around, which will […]
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