Check out which companies are making headlines before the bell: DowDupont – The newly combined company has altered its spinoff plan, now planning to move units with $8 billion or more in annual revenue from the materials spinoff to the specialty chemicals spinoff. Travelers — The insurance company temporarily suspended stock buybacks while it evaluates […]
Read moreIt’s rare that CNBC’s Jim Cramer comes across stock market sentiment as optimistic as Monday’s, where investors see the glass half full but consider it to be brimming. “In the last 72 hours, we have seen a whole slew of events that might normally give investors pause or make them think, reflect. Instead, this time, […]
Read moreAs the proxy fight between activist investor Nelson Peltz and Procter & Gamble continues, P&G President and CEO David Taylor offered a rebuttal to some of Peltz’s suggestions on CNBC. “He’s proposed some things that could be very dangerous to the short term, which is reorganize the company right now, and he’s proposed something very […]
Read moreThe Chinese National Congress is set to meet in mid-October, and some predict the session will have wide-reaching implications for global markets and the economy. Discussions around the growth of the country’s debt in recent years will be particularly consequential, said Chad Morganlander, portfolio manager at Washington Crossing Advisors. “One critical thing to watch is […]
Read moreCheck out the companies making headlines after the bell: Shares of American Eagle Outfitters fell nearly 3 percent. The retailer declared a quarterly dividend 12.5 cents a share, the same amount it has declared since May of 2013, according to a review of press releases on the company’s website. Kroger‘s stock dipped slightly after multiple […]
Read moreWith stocks at record highs, traders are looking to Apple to help extend the market rally Tuesday. But if history is a guide, Apple has a good chance of heading lower. Apple is expected to unveil its widely anticipated iPhone X model, iPhone 8 models, a possible new Apple Watch and other products at a […]
Read moreIt’s rare that CNBC’s Jim Cramer comes across stock market sentiment as optimistic as Monday’s, where investors see the glass half full but consider it to be brimming. “In the last 72 hours, we have seen a whole slew of events that might normally give investors pause or make them think, reflect. Instead, this time, […]
Read moreThe biggest consumer technology product event of the year will be held Tuesday. Wall Street firms are giddy with optimism, predicting Apple will unveil the most innovative iPhone in years during the Aug. 12 session. “We remain bullish on Apple and continue to be in the ‘supercycle’ camp on the next iPhone, as well as […]
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A Wall Street chart analyst said there could be an ‘exhaustive upside move’ in the U.S. stock market soon. Rich Ross, Evercore ISI’s head of technical analysis, said in a note on Monday that a confluence of factors joining together will cause a breakout for the market sometime “into late September/October.” Ross’s note came on […]
Read moreNvidia and AMD are the best-performing stocks over the past year. One Wall Street firm predicts the strong returns will likely continue. Jefferies is bullish that cryptocurrency mining will boost demand for the chipmakers’ products even after some on Wall Street have expressed concerns over the companies’ digital currency exposure. “We think that the risk […]
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