Check out which companies are making headlines before the bell: Lattice Semiconductor — President Donald Trump blocked the proposed acquisition of the chip maker by a China-backed private-equity fund. The fund had planned to buy Lattice for $1.3 billion. Tenet Healthcare – Tenet has hired advisers to explore strategic options, including a potential sale, according […]
Read moreThis has been a remarkably easy time to be a bull. September is set to be the 11th straight month in which the S&P 500 has either risen or has fallen by less than 0.1 percent. If stocks continue to act well in the second half of the month, that will make this the longest […]
Read more“Age is just a state of mind” is a laugh line in the geezer comedy “The Expendables” and a wan Hallmark-card slogan. But it also captures the sentiment of an investment scene dominated by talk of the “aging bull market” in stocks. At 8½ years since the prior bear market ended in March 2009, this […]
Read moreRetail stocks are slowly coming back after weeks in the doghouse, and CNBC’s Jim Cramer wondered if one high-profile deal contributed to the bounce. “Now that it looks like Nordstrom could soon be taken private by the Nordstrom family aided by the leveraged buyout guys at Leonard Green, will there be a re-valuation of all […]
Read moreThe positive feelings driving strength in the stock market and the economy could disappear if any of the geopolitical trouble spots were to heat up, Starwood Capital’s Barry Sternlicht said Wednesday. He also cited the wranglings in Washington over tax reform as another layer of unpredictability. “It feels like the ocean is full of money. […]
Read moreNordstrom shares opened 5 percent higher Wednesday after CNBC reported a Nordstrom family group was closing in on a deal with a private equity firm to help take the department store private. Nordstrom family members were close to choosing Leonard Green & Partners to help fund a buyout of the eponymous department store, people familiar […]
Read moreJPMorgan believes investors should brace for volatility. Anastasia Amoroso, global market strategist for JPMorgan Private Bank, sees it particularly affecting the bond market. “I would consider positioning for a pickup in volatility in the fixed income markets or maybe even a pickup in rates. If we start to price in any progress on the tax-reform […]
Read moreTreasury Secretary Steven Mnuchin is eager to complete tax reform this year, and while CNBC’s Jim Cramer fully understands its benefits, he’s not convinced it will happen. “Look, I say this as a huge believer in both tax reform and President [Donald] Trump’s economic team,” the “Mad Money” host said. Lower corporate taxes would push […]
Read moreDoubleLine CEO Jeffrey Gundlach believes that the U.S. dollar has finally hit a bottom — at least for now. The dollar index, which tracks the greenback against a basket of six major currencies, hit a more than 2-year low of 91.011 on Friday as investors worried about the short-term impact of Hurricane Irma and North […]
Read moreThe activist fund Marcato Capital, fresh off a victory in Buffalo Wild Wings, has taken a stake in a construction equipment maker it says is poised to grow after strategic re-positioning. Mick McGuire of Marcato Capital talked about the stake at the Delivering Alpha conference in New York on Tuesday. Marcato began buying last year […]
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