CNBC’s Jim Cramer said Tuesday that a deal between Walt Disney and 21st Century Fox would make “so much sense” and could represent a threat to streaming giant Netflix. Shares of 21st Century Fox and Disney were higher Tuesday after CNBC reported Monday, citing sources, that Fox has been in talks to sell most of […]
Read moreThe worst is over for Under Armour shareholders this year, according to one Wall Street firm. Susquehanna raised its rating for the sports apparel company’s shares to neutral from negative, saying pessimistic expectations are now priced into the stock’s valuation. Under Armour reported third-quarter revenue last month that fell short of analysts’ expectations and the […]
Read moreWeight Watchers International shares are on a tear after the company raised its full-year earnings outlook, calling for a push within its massive subscriber base to round out fiscal 2017. “We are excited about the upcoming winter season,” Chief Executive Mindy Grossman said in prepared remarks. “We are confident our business momentum will continue throughout […]
Read moreAvis Budget Group stock plunged nearly 12 percent in midday trading Tuesday after reporting rising costs for its fleet of automobiles. The car rental company reported third quarter profits after Monday’s close above estimates, but revenue of $2.75 billion was below Wall Street’s expectations of $2.78 billion in a FactSet survey of analysts. Avis’ costs […]
Read moreBig tech has been driving the bull market, and one closely watched strategist argues it’s creating an anomaly — one that could change investing strategies. DataTrek Research’s Nick Colas sees an atypical trend affecting the relationship between small cap stocks and large caps. He’s calling it “one of the Achilles heels of indexing.” According to […]
Read moreIf you’re looking to get into the stock market, there are three mistakes you’ll want to avoid in order to be successful, says John D. Spooner, author of “No One Ever Told Us That: Money And Life Lessons For Young Adults.” Spooner is a Harvard University graduate and a Boston Globe No. 1 best-selling author. […]
Read moreInvestors are witnessing the second leg of the bull market, and stocks likely have eight to 10 more years to grow, closely followed strategist Jeff Saut told CNBC on Tuesday. “The second leg is usually the longest and the strongest. That’s where earnings start to come on stronger and the economy improves. I think that’s […]
Read moreInvestors should avoid buying CVS Health due to Amazon’s competitive threat and the pharmacy chain’s overly ambitious acquisitions strategy, according to one Wall Street firm. Jefferies reduced its price target to $76 from $86 and reaffirmed its hold rating for CVS Health shares, telling its clients to stay on the sidelines until the uncertainty passes. […]
Read moreCheck out which companies are making headlines before the bell: Tapestry – The company formerly known as Coach reported adjusted quarterly profit of 42 cents per share, six cents a share above estimates. Sales fell short of forecasts, however, with the company pointing to inventory challenges as well as the impact of the recent hurricanes. […]
Read moreDespite threats posed by North Korea‘s nuclear missile program, continuing political crisis in the European Union and delays in the execution of pro-business policies in the United States, business leaders in the United States, Europe and Asia continue to express optimism about economic prospects for the next 12 months. That’s based on the latest YPO […]
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