Shares of Pandora jumped nearly 6 percent in premarket trading Thursday after BMO Capital Markets upgraded its outlook on shares of the music streaming company. Pandora’s move to grow “non-music content,” such as podcasts, is a key part of the company’s attempt to reverse its steady share price decline, the analyst said. Pandora’s stock has […]
Read moreCheck out which companies are making headlines before the bell: Wal-Mart – The retail giant earned an adjusted $1 per share for the third quarter, beating estimates by 3 cents a share. Revenue also beat forecasts, with comparable-store sales rising more than analysts had anticipated. Best Buy – The electronics retailer matched Street forecasts with […]
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Shares of Rockwell Automation jumped 8 percent in the premarket Thursday after Emerson Electric increased its takeover bid of the company. Emerson raised its bid to $225 per share, valuing Rockwell at $29 billion. Rockwell rejected Emerson’s $215 a share bid last month. “The industrial logic for this combination is clear. A combination of Emerson […]
Read moreThere are some days in the market when taking cues from stocks’ movements can be detrimental, CNBC’s Jim Cramer said Wednesday. “I see stupid things happening all over the place, so I’m urging you not to jump to any conclusions based on the tape,” the “Mad Money” host said. “Remember, the big money managers who […]
Read moreS&P Dow Jones Indices on Wednesday said it would combine telecommunication and media and entertainment company shares into a single sector in a long-anticipated overhaul of its stock market indexes, including the benchmark S&P 500. The move reflects “an evolution in the way we communicate and access entertainment content and other information” and the dramatic […]
Read moreThe stock market’s best days are likely behind it as central banks around the world take away the high levels of stimulus they’ve provided over the past decade, Janus Henderson portfolio manager Bill Gross said Wednesday. Though normally known for his bond expertise, Gross in recent days has been chiming in on the equity side, […]
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As market volatility increases, Rich Ross of Evercore ISI has three stocks to buy on the dip. The Dow, S&P 500 and Nasdaq opened lower for the sixth straight session on Wednesday, as the S&P tracks for its worst day in nearly three months. “When volatility picks up in the broad market, I like to […]
Read moreGeneral Electric‘s sinking share price could get it kicked out of the Dow. The workings of the committee that determines which stocks stay in and which ones drop out of the blue chip index are a bit mysterious. For example, there’s no clear price threshold that automatically gets a stock thrown out. GE is $18 […]
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A downbeat outlook for oil demand from a top energy watchdog and fears of rising U.S. output sparked a sell-off in crude futures this week, but analysts say the market was already poised for a pullback. International benchmark Brent and U.S. West Texas Intermediate crude have both shed about $3 a barrel, or nearly 5 […]
Read moreBullish activity in commodities suggests the stock market will break more records, according to veteran market watcher Ed Yardeni. He says the rise in oil and industrial metal prices is likely to continue — a sign that demand is stimulating economies across the world. As a result, it should give the equities rally more juice. […]
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