Options traders appear to be betting that a big tech deal will fall apart. Shares of NXP Semiconductors jumped in October after Qualcomm agreed to buy the company, and the stock has recently risen above the $110 per share bid price. While the stock has risen this week, sentiment in the options market was bearish […]
Read more
The U.S. economy created 156,000 jobs in August, falling short of the 180,000 number economists expected, while the unemployment rate edged higher to 4.4 percent. Despite the miss, markets were higher at the open on Friday, and according to hedge fund analytics tool Kensho, stocks could rally through the month of September. In the past, […]
Read moreThe United States must make it easier to encourage legal immigration if it wishes to see the economy grow, JPMorgan strategist David Kelly told CNBC on Friday. “We have a labor force problem,” Kelly said on “Squawk on the Street.” “That’s part of what’s slowing the labor side of the economy down. We just don’t […]
Read moreCheck out which companies are making headlines before the bell: DowDupont – The merger of Dow Chemical and DuPont is complete as of today, and the new company – DowDupont – will begin trading today on the New York Stock Exchange under the symbol “DWDP.” Lululemon — The yogawear maker posted adjusted quarterly profit of […]
Read moreAs commodity watchers mark every turn of the crisis in Houston, the nation’s energy capital, Ingevity President and CEO Michael Wilson offered CNBC a promising take on the state of the oil market. “When we saw the collapse in oil prices back in 2015, we saw demand destruction. What we did is we went back […]
Read moreSandler O’Neill + Partners says Wells Fargo’s announcement on Thursday that it found 1.4 million more potentially unauthorized account openings than previously thought isn’t as bad as it seems because the bank reviewed a longer time period. “It’s important to keep this in context. Yes the number of affected accounts was up by 65 percent […]
Read moreU.S. regulators this week approved the first drug for a new type of cancer treatment, confirming a theme some stock pickers have found in biotech. “There is a revolution taking place in the practice of medicine, particularly cancer therapy, and most of that innovation is taking place in the biotech companies,” said Chris Sassouni, health […]
Read moreThe headlines keep getting worse for Wells Fargo in its fake account scandal, but the latest disclosures actually could represent a turning point. Revelations Thursday that some 3.5 million accounts were affected should constitute a full disclosure of the problem and allow the beleaguered bank to begin putting the scandal behind it, Keefe, Bruyette & […]
Read more
Wall Street hammered shares of Campbell Soup Co. on Thursday for another quarter of lackluster sales. The company’s overall sales fell 1 percent in the fourth quarter from the same time last year. Soup sales fell 4 percent, and profit and revenue fell shy of expectations. Shares of Campbell skidded about 7 percent to their […]
Read moreClosely followed strategist Jim Paulsen told CNBC on Thursday that investors should stick with stocks because the economy is in a “sweet spot.” “We’re in a really good sweet spot of being able to generate broad-based economic growth without creating any inflation or interest rate pressures,” the chief investment strategist at the Leuthold Group said […]
Read more