The rally in bonds is causing problems for the financial sector, and Todd Gordon of TradingAnalysis.com said that regional banks will actually be the hardest hit. On Monday, Gordon discussed the beginning of a divergence between the gold market and TLT, the ETF that tracks long-term bonds. However, TLT is still up 7 percent this […]
Read moreRising avocado costs might be squeezing Chipotle’s margins, but John Cappasola, the president and CEO of West Coast chain Del Taco, said his Mexican fast-food chain isn’t feeling the heat. “This is actually a structural advantage for us, the fact that we do it fresh in our restaurants,” Cappasola told CNBC on Tuesday in an […]
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With commodity watchers concerned about the fate of Texas’ oil refineries after Hurricane Harvey, CNBC’s Jim Cramer wanted to nail down the condition of oil itself. So the “Mad Money” host went off the charts with technician Carley Garner, the co-founder of DeCarley Trading and Cramer’s colleague at RealMoney.com with a nearly spotless track record […]
Read moreBerkshire Hathaway made good on its plan to convert warrants into 700 million shares of Bank of America common stock, the bank announced on Tuesday. Warren Buffett’s conglomerate held the warrants since a deal in 2011, when he invested $5 billion in preferred shares of Bank of America, which at the time was struggling with […]
Read moreRaymond James says regional banks with Texas exposure will face some short-term difficulties from the damage caused by Hurricane Harvey, but lending will pick up into next year because of the rebuilding efforts. There will be several “major areas of impact. The first being business interruption, several banks have closed branches and that can continue […]
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The combination of Hurricane Harvey and another round of geopolitical turmoil from North Korea has spurred fears of market and economic disruption. But one pro says both could be setting the stage for a big upsurge. Economists expect Harvey in particular to cause untold billions of dollars in damages, while Kim Jong Un’s latest missile […]
Read moreMaterials stocks have lagged the broader market this year, but one Wall Street firm thinks there are reasons for the sector to outperform. Jefferies’ research analysts upgraded the sector to overweight from underweight and shared top stock ideas in two notes to clients Monday. They rest their outperform rating on high commodity prices, a weaker […]
Read moreUnless something dramatic happens, the Federal Reserve won’t be hiking interest rates again until well into 2018, according to current market predictions. Fed funds futures — contracts that indicate where the market thinks the central bank’s benchmark rate will be — point to no further moves until at least next June, and possibly a good […]
Read moreStocks turned positive Tuesday in part because investors hope Hurricane Harvey could unite Congress on its budget, closely followed trader Art Cashin told CNBC. “I don’t want to call it a silver lining given the tragedy of what’s going on in Texas but there may be a little bit of bonus in the fact that […]
Read moreFinish Line has trimmed its profit outlook for the full year amid disappointing sales volume, sending its stock plunging more than 28 percent Tuesday morning. Just earlier this month, the CEO of rival Dick’s Sporting Goods said that his sector of retail was in “panic mode.” The remarks immediately sent shock waves across the broader […]
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