As e-commerce grows increasingly competitive, CNBC’s Jim Cramer revisited Wayfair, one of the space’s most hotly contested stocks, to see how it was faring on Wall Street. “It seems like every time some analyst comes out with a positive piece of research on Wayfair, someone else comes back with a bearish retort,” the “Mad Money” […]

Today Southwest Airlines and Sherwin-Williams both said revenue would be lower because of Hurricanes Harvey, Irma and Maria. They join a growing list of companies affected in one way or another by the storms: Hurricane Impact on Earnings Southwest Airlines: lowered Q3 revs.Sherwin-Williams: cut Q3 guidanceCarnival Cruise Line: cut Q4 EPSDR Horton: cut Q4 guidanceCarMax: […]

Home prices are rising in most major cities around the world, but in some they are rising too far, too fast. When prices reach the so-called bubble territory, that is, overvalued in relation to fundamentals like income and employment, they are at a far greater risk of correction. While it is hard to pinpoint exactly […]

Abbott Laboratories stock jumped after the Food and Drug Administration approved the company’s FreeStyle Libre glucose monitoring system, more than a year earlier than Wall Street anticipated. While Abbott shares jumped 4 percent Wednesday after the surprise FDA call, competitor DexCom saw its shares crater by more than 36 percent. Cowen analysts noted approval wasn’t […]

Noted hedge fund manager Whitney Tilson said he is shutting down his fund at a time when industry assets are growing but returns continue to lag. Tilson notified clients on Sunday that his Kase Capital Management was shuttering the fund. The fund managed $180 million at its peak —a relatively modest sum by the $3 […]

McDonald’s new burgers are a big sales hit with consumers, according to one small Wall Street firm which lit a fire under the stock on Thursday. Longbow Research raised its rating for the restaurant chain to buy from neutral, predicting McDonald’s will report sales above Wall Street expectations. “Given our latest positive checks and favorable […]

There is a positive correlation between market performance and companies owned by their founder or family, according to a report from Credit Suisse. Research into around 900 family-owned enterprises found they had stronger revenue and EBITDA (earnings before interest, tax, depreciation and amortization) growth, higher margins and better cash flow returns — averaging 14 percent […]

The market’s anticipation of big sales of new iPhones drove Apple shares higher this year, but now one Wall Street firm says the smartphone maker’s stock has risen too far. Deutsche Bank reiterated its hold rating for Apple shares, saying Wall Street’s consensus estimate for future iPhone sales are too high. “We remain wary that […]

Despite improved quarterly profits, Rite Aid shares plunged Thursday after the drugstore operator reported revenue that missed forecasts and said same-store sales fell 3.4 percent. Shares of Rite Aid were down about 11 percent, trading around $2 per share. The stock is down more than 70 percent this year, according to FactSet. Before the opening […]

The stock market looks expensive and it may not be equipped to handle rising interest rates, according to Yale University fellow Stephen Roach. The former chairman of Morgan Stanley Asia suggests Wall Street has a case of amnesia, and the prognosis is poor for the 8½-year-old rally. “Inflation has all but vanished from the scene. […]