Finish Line shares are tumbling again after the retailer reported second-quarter financials on Friday morning that underwhelmed the Street. The retailer’s stock was down nearly 5 percent in early trading Friday after falling more than 11 percent at one point. “Our second quarter results were shaped by a very promotional marketplace for athletic footwear,” said […]
Read moreThe “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Anaradarko. Brian Kelly was a seller of Tesla. Dan Nathan was a buyer of Advanced Micro Devices. Guy Adami was a buyer of Raytheon. Trader disclosure: On , the following stocks and commodities mentioned or intended to […]
Read moreCheck out which companies are making headlines before the bell: T-Mobile — T-Mobile is close to agreeing to tentative terms on a deal to merge with its telecom peer, Sprint, Reuters reported on Friday. Japan’s SoftBank, which controls Sprint, would reportedly own between 40 to 50 percent of the combined company. A deal is expected […]
Read moreIn over 30 years of investing, Jim Cramer has seen even the best investors shed tears after a market-wide decline. To conquer a sell-off, Cramer said investors must first circle the wagons around the stocks in their portfolio that they really like, and leave the weak ones in the dust. That means knowing the difference […]
Read moreJim Cramer’s motto in a downturn is to buy broken stocks, not broken companies. When the market undertakes huge losses, investors have an opportunity to buy good companies with stocks that have taken an unfair beating because of the market, the “Mad Money” host said. There’s a huge difference between a broken company and a […]
Read moreThe SEC disclosed on Wednesday that EDGAR, its corporate filing system, was hacked in 2016 and information was potentially used for illegal stock trades. EDGAR is where Corporate America goes to file statements on their businesses. Brad Bondi, an attorney with Cahill Gordon and Reindel and former council at the SEC, called it “the Fort […]
Read more
Apple is having its worst month since April 2016, and Todd Gordon of TradingAnalysis.com says the charts are hinting at even more downside ahead for the tech giant. “Apple broke down pretty sharply here, and it looks like we want to go back and retest some lower levels,” he said Thursday on CNBC’s “Trading Nation.” […]
Read moreThe Federal Reserve announced on Wednesday that it would start to unwind its massive $4.6 trillion balance sheet, as it embarks on its long awaited plan to normalize monetary policy. As the central bank of the United States, the Fed does not have to follow the normal rules generally applied to financial institutions and it […]
Read moreWarren Buffett is famously optimistic, but his view of the U.S. stock market long-term is more conservative than it might suggest. At a party for Forbes magazine’s centennial earlier this week, Buffett said the Dow Jones industrial average will be over 1 million in 100 years, up from 22,397 currently (which is near a record, […]
Read more
Famed short-seller Jim Chanos is not a fan of the restaurant sector. As a result, he is shorting burger chain stocks. CNBC’s Mike Santoli spoke with Chanos in an exclusive interview for CNBC PRO on the sidelines of the Delivering Alpha conference in New York last week. Santoli asked the hedge fund manager which areas […]
Read more