Coca-Cola shares are set for a breakout thanks to successes overseas and its mission to expand its beverage lineup, according to Wells Fargo, which upgraded the stock to outperform. But probably most interesting in analyst Bonnie Herzog’s note was speculation that the 125-year-old purveyor of sugary beverages may make a move into alcoholic beverages. She […]
Read moreCheck out which companies are making headlines before the bell: Home Depot – The home improvement chain reported quarterly profit of $1.84 per share, 2 cents a share above estimates. Revenue also beat forecasts, and a 7.9 percent increase in comparable-store sales came in above the consensus Thomson Reuters estimate of a 5.8 percent increase. […]
Read moreAppetite for risk has increased among money managers to a new high, according to the latest fund manager survey by Bank of America Merrill Lynch (BoAML). A total of 16 percent of investors said they are taking above normal levels of risk when choosing where to put their money, even though 48 percent of respondents […]
Read moreRenowned economist Jim O’Neill said Tuesday that investors “have to believe” the dollar is not going to be the kingpin currency forever. The greenback’s status as the world’s most powerful currency has been questioned for decades, but contracts based on the U.S. dollar continue to dominate global markets. However, in recent months, speculation has intensified […]
Read moreUsually, CNBC’s Jim Cramer is a big fan of corporate takeovers. “When one company buys another, it can create so much value that you want to slap yourself in the face, wondering why the heck they didn’t merge years ago,” the “Mad Money” host said. “Then there’s the pin action: whenever you get a deal, […]
Read moreUsually, CNBC’s Jim Cramer is a big fan of corporate takeovers. “When one company buys another, it can create so much value that you want to slap yourself in the face, wondering why the heck they didn’t merge years ago,” the “Mad Money” host said. “Then there’s the pin action: whenever you get a deal, […]
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Investors are going to be thirsty for the kind of returns to which they become accustomed now that the Federal Reserve is taking their “juice” away from them, market expert Jim Paulsen said. Since the darkest days of the financial crisis, the Fed has been keeping interest rates low and making sure liquidity is flowing […]
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As trade negotiators prepare to meet in Mexico this week, Wall Street is increasingly worried the 23-year-old NAFTA trade deal could fall apart, creating the potential for new trade clashes in North America and around the globe. Analysts say tough “America first” trade talk from President Donald Trump in Vietnam last week raised new concerns […]
Read moreInvestors should not overlook Intel’s artificial intelligence prowess, according to one Wall Street firm. Barclays reiterated its overweight rating and raised its price target for Intel shares, predicting the chipmaker will thrive in multiple secular growth markets. The company’s shares are roughly flat midday Monday after the report. “Intel has a better position in the […]
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It doesn’t sound like much: General Electric is cutting its dividend from 96 cents a year to 48 cents. But GE has a lot of shares outstanding: 8.67 billion. Reducing the dividend by 48 cents with 8.67 billion shares outstanding means shareholders are getting $4.1 billion less in dividends each year. On an historic basis, […]
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