General Electric has a lot that’s wrong with it, and the stock is not worth $20 per share — around the level where it opened on Monday, CNBC’s Jim Cramer said. Shares of GE were off sharply — and even went below $20 per share in early trading — after the conglomerate said before the […]
Read moreShipping companies United Parcel Services and FedEx could see as much as 50 percent earnings upside thanks to accelerating global trade, according to Goldman Sachs. Analysts at Goldman initiated coverage on both UPS and FedEx at buy, citing a strong international outlook and overblown worries about Amazon’s foray into airfreight and logistics. “We think the […]
Read moreGeneral Electric is trying to turn things around, as the company announced Monday it was slashing its dividend in half and restructuring to focus primarily on three units. “To really turn this company around operationally and culturally, it’s going to take CEO John Flannery — if he does it right — five years,” industrial analyst […]
Read moreIt’s been a wild ride for bitcoin investors in the last week. The news that the CME Group would launch a futures contract on the first and most highly valued cryptocurrency in the market sent the price of each bitcoin flying to a record high of $7,879 last week — more than 10 times its […]
Read moreIn human years, this bull market may be just a teenager. According to Federated Investors portfolio manager Steve Chiavarone, the secular bull market is still in its early years. He estimates there’s at least a decade left in it, citing a change in demographics. “Millennials are entering the workforce, but their wages are going to […]
Read moreCheck out which companies are making headlines before the bell: General Electric — GE announced a 50 percent cut in its quarterly dividend to 12 cents per share. The announcement came ahead of GE’s Investor Day, at which CEO John Flannery will lay out his long-term vision for the company. The Wall Street Journal reports […]
Read moreJPMorgan health care expert Lisa Gill shared her views on the impact Amazon is having on the pharmaceutical space in an exclusive interview with CNBC PRO’s Mike Santoli. “That’s all anybody wants to talk about – I think myself, every sell-side shop has put out something with their thoughts around this,” said Gill. “We would […]
Read moreJPMorgan health care expert Lisa Gill shared her thoughts on the drug pricing debate as well as potential stock picks in an exclusive interview with CNBC PRO’s Mike Santoli. “As we think about drug pricing, [pharmacy benefit managers] don’t set the price at the end of the day,” explained Gill. “The drug distributors distribute a […]
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Gold futures dropped suddenly, losing almost 1 percent of their value in about 15 minutes. Trading volume also picked up during the selling activity. Gold futures for December delivery were down 0.8 percent as of 11:36 am ET after stabilizing following the sudden decline. It was not immediately clear what caused the drop. Gold was […]
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Next week key technology and retail names are set to release earnings, and traders are making big bets ahead of those reports. In keeping with the recent market trends, they are betting that Cisco moves higher after earnings, while retailer Best Buy will trade down. This week bullish investors bought more than 11,000 Cisco calls […]
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