Check out the companies making headlines after the bell: Disney shares climbed 2 percent in the extended session after the mass media company missed fourth quarter earnings estimates. Operating income for most of Disney’s businesses declined year over year. Media networks, the company’s biggest segment, saw that figure decline 12 percent year over year. Nordstrom‘s […]
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Equity markets in the U.S. have notched record after record in 2017, but emerging markets are on pace for a record year of their own. One popular emerging markets-tracking exchange-traded fund, the iShares MSCI emerging markets ETF (EEM), has rallied 32 percent this year, on pace for its best annual performance since 2009. Its strong […]
Read moreAnother U.S. mall landlord could be facing activist pressure. Dan Loeb’s hedge fund, Third Point, has reportedly built a position in retail real estate investment trust Macerich, people familiar with the matter told Bloomberg. Macerich shares jumped more than 12 percent Thursday afternoon on the news. Representatives from Third Point and Macerich didn’t immediately respond […]
Read moreOne Wall Street analyst is beginning to doubt whether Sears Holdings will ever be profitable again, as the 124-year-old retailer struggles for liquidity and same-store sales evaporate. “Sears’ operational performance is clearly NOT improving, and we grow increasingly concerned whether the company will ever return to profitability,” wrote Susquehanna analyst Bill Dreher in a note […]
Read moreAT&T and the Justice Department could be on their way to a major court battle, which one analyst believes the company stands a strong chance of winning. The fight centers on AT&T‘s hopes to acquire Time Warner, and news Wednesday that the government wants the company to first sell CNN and other Turner Broadcasting properties. […]
Read moreOn Oct. 27, ETF Managers Group filed for a new ETF, the Alternative Agroscience ETF, a first-of-its-kind fund to track the burgeoning legal marijuana industry. Except the Alternative Agroscience ETF isn’t precisely a new fund. Instead, ETFMG is retrofitting an existing ETF, the Tierra XP Latin America Real Estate ETF (LARE), with a new strategy. […]
Read moreMarkets may be a little “fatigued,” but there are no major warning signs that the rally will end anytime soon, strategist Tom Lee told CNBC on Thursday. “There are some divergences. I think the leadership really has been increasingly from a handful of stocks,” said Lee, managing partner and head of research at Fundstrat Global […]
Read moreSage Therapeutics said Thursday its drug to treat moderate and severe postpartum depression met the main goal in two late-stage studies. The stock soared as much as 50 percent in premarket on Thursday. The drug, brexanolone, achieved lower rates of depression in patients compared with a placebo in both trials. Postpartum depression is a common […]
Read moreThe powerful 2017 stock market rally will continue through next year even if it slows down just a little, according to a forecast from one of Wall Street’s most optimistic strategists. Piper Jaffray correctly anticipated the current strong market performance, with a 2,575 full-year target for the S&P 500 that the index just recently surpassed. […]
Read moreIt’s the best performing stock in the last year that Wall Street just can’t catch up to. Shares of Nvidia are up 194 percent over the last 12 months, but the stock has one of the biggest gaps between Wall Street analysts’ target price and its actual price. According to one portfolio manager, however, the […]
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