Just four months after taking the helm as CEO of Chipotle Mexican Grill, Brian Niccol is scoring big with investors. The former Taco Bell CEO’s appointment has resulted in a nearly 60 percent bump in the company’s stock since it was announced in February and that could just be the beginning. Niccol is set to […]
Read moreLenders are pounding the pavement looking for borrowers who want to consolidate bills, take a vacation or fix up their homes. Homes are being inundated with mail solicitations from companies like Marcus, Elevate and Lending Club, hoping to supply personal loans to consumers. In all, 10 nonbank lenders that Credit Suisse tracks sent out 368 […]
Read moreThe stock market is having a relief rally now that a “committee of professionals” will handle foreign investment concerns instead of President Donald Trump alone, closely followed trader Art Cashin told CNBC on Wednesday. “Remember, the first word in CFIUS is committee,” said Cashin, UBS director of floor operations at the New York Stock Exchange, […]
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North Korea could account for up to 24 percent of the Korean Peninsula’s total gross domestic product in 20 years under reunification with the South, UBS estimated in a report this week. The rogue state currently accounts for 1.1 percent of the regional economy. Tensions around the nuclear state have eased after North Korean dictator […]
Read moreNine years into a bull market for financial assets, we are seeing an increasing number of investors continuing to prioritize a return or income objective over the risk required to achieve that return. For stock investors, that typically means chasing what is hot today. For fixed-income investors, that means venturing more heavily into more speculative […]
Read moreThe Dow transports-tracking ETF (IYT) has fallen more than 3 percent in the last month, and TradingAnalysis.com founder Todd Gordon says there are troubling signs that it could fall below a key level. “We’re seeing some underperformance in the transports relative to the broader market as a result of the escalating tension with trade tariffs […]
Read moreCFRA’s chief investment strategist is calling a potential trade war his “big worry” for the stock market. According to Sam Stovall, appearing on CNBC’s “Futures Now,” it’s a bigger threat than rising interest rates and inflation. “I think that we [Wall Street] are certainly discounting the trade tensions that are going on right now,” he […]
Read moreGeneral Electric is set for better performance as the company’s leadership works to break off segments of the business, according to analysts at Oppenheimer, who upgraded shares of the industrial conglomerate to perform from underperform Wednesday. The announced spin-off of GE’s health-care unit as well as the pending $11 billion merger of its transportation business […]
Read moreThe Russell 2000 hasn’t seen this kind of winning streak since 2013. After eight straight weeks of gains, history suggests small caps are flashing a big buy signal to all stocks. “We took a look at future returns after these long weekly win streaks on the Russell 2000, sure enough small caps continued to do […]
Read moreCheck out the companies making headlines before the bell: Conagra – The food producer has reached a deal to buy Pinnacle Foods for $10.9 billion in cash and stock, with an implied value of $68 per share. CNBC had reported Tuesday that a deal was close. General Mills – General Mills reported fourth-quarter adjusted profit […]
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