The damaged caused by Hurricane Irma will have significant negative ramifications for the cruise line industry, according to one Wall Street firm. Credit Suisse lowered its rating for Carnival shares to neutral from outperform, saying the cruise company is facing a more difficult demand environment. Since Carnival reported earnings in June “there have been three […]

With Congress finally making at least halting progress towards tax reform, JPMorgan is advising clients to start preparing for the investing implications. The firm believes that an initial draft on tax reform will be delivered, as promised, by Sept. 25 even though substantial differences still exist within the “Big Six” legislators working on the plan. […]

Check out which companies are making headlines before the bell: Oracle — The business software giant reported adjusted quarterly profit of 62 cents per share, two cents a share above estimates. Revenue also came in above forecasts. Oracle’s results were helped by a successful ramping up of its cloud-based business, however the stock is being […]

Brick-and-mortar retailers may be feeling the heat from Amazon, but CNBC’s Jim Cramer is keen on one chain that’s been thriving despite the online giant’s domination: Best Buy. “Five years ago, it looked like this electronics retailer was roadkill, and it was regularly dismissed as merely being a showroom for Amazon. Remember that? You’d go […]

As the Dow Jones average closed at a record high on Thursday, CNBC’s Jim Cramer saw a forgotten sector getting a bit of unexpected love. “This market’s rotating into what’s been left behind of late. That’s healthy. Hey, you know what? It’s health care. That’s right, health care’s catching up. How can you spot these […]

If rates continue to rise, the real estate sector could see pain ahead as rising yields may hit names in the sector often seen as fixed income proxies. As yields bounce meaningfully from their recent 2017 lows, many noted the decline in utilities stocks, which also sport high yields and thus are seen as a […]

The Street is buzzing with speculation over what company may be the target for Social Capital Hedosophia, which raised $600 million in an IPO today at the NYSE. Social Capital is a special purpose acquisition company (SPAC), set up to invest in technology companies that are not yet public. SPACs are based on a simple […]

Continental Resources CEO and Chairman Harold Hamm on Thursday fired back at renowned short-seller Jim Chanos after he revealed he is betting that shares of Hamm’s Oklahoma-based drilling company will fall. “Well, first of all, I can say almost, who is this guy?” Hamm told CNBC’s “Squawk on the Street.” Hamm speculated that Chanos — […]

If there is anyone out there who doesn’t need affirmation from Wall Street analysts, it’s the 87-year-old investing icon Warren Buffett. But JPMorgan gave it to the “Oracle of Omaha” anyway Thursday, initiating coverage on Berkshire Hathaway, the conglomerate he’s run for five decades, with an overweight rating. Despite Berkshire being the sixth-largest company in […]

Wells Fargo is warning investors that the year’s record market gains could soon start slipping away. It’s a situation prompting the firm to get “more aggressive” in its latest strategy to take risk off the table. “We are not bullish on the stock market,” Christopher Harvey, the firm’s head of equity strategy, said Wednesday on […]