Hedge fund managers braced against a market fall this month because of rising geopolitical risk between the U.S. and North Korea. Tensions escalated again when North Korea launched a missile over Japan on Tuesday local time, driving U.S. stock index futures lower. In response, President Donald Trump later said in a statement, “All options are […]
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The S&P 500 may be hovering near record highs, but the stock market may be weaker than it currently appears. Over the past two weeks, nearly as many stocks in the index have hit 52-week lows as 52-week highs, with 59 in the former category and 72 in the latter. And the percentage of NYSE […]
Read moreCheck out which companies are making headlines before the bell: Best Buy – The electronics retailer came in six cents a share above estimates, with adjusted quarterly profit of 69 cents per share. Revenue also came in above forecasts. Same-store sales were up 5.4 percent, beating the consensus Thomson Reuters estimate of a 2.2 percent […]
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U.S. stocks were on course to open sharply lower Tuesday after North Korea fired a ballistic missile that flew over the northern tip of Japan. But a rise in consumer confidence could help to calm roiled markets. The Conference Board publishes its monthly Consumer Confidence Index reading Tuesday shortly after the market opens, and some […]
Read moreThe height of the northern hemisphere summer has produced its usual bout of stock market weakness with the unloved rally losing suitors after a string of corporate earnings, North Korea tension, White House politics and uncertainty over monetary policy all cited as reasons to lighten up on stocks in August. Big money though has already […]
Read moreAs federal and local authorities rush to mitigate the devastating effects of Hurricane Harvey, CNBC’s Jim Cramer took to tracking the storm’s impact on industries in its path. “No two horrendous storms are alike. They’re all terrible, and while it continues, the only thing that matters is that people are dying. Anything else is just […]
Read moreSix Flags’ stock may have gotten hit after a weaker-than-expected earnings report in July, but CEO Jim Reid-Anderson told CNBC that he has since only reaffirmed his faith in the company. “Last Friday, I spent $3 million buying the company’s shares because I believe that the stock price, where it is today, doesn’t reflect the […]
Read moreRefinery outages and shipping delays are mounting in Houston and Corpus Christi, Texas, but rising gasoline prices and the potential need for rebuilding efforts are driving some energy and transportation stocks higher. “Hurricane Harvey in Texas could be the worst storm since Katrina in 2005,” Seaport Global analyst Rhem Wood wrote in a note Monday. […]
Read moreEven if the debt ceiling drama comes to a head, the U.S. will likely keep its top-notch credit rating from Moody’s. The country’s Aaa rating and stable outlook is safe despite looming concerns about the government’s inability to raise its borrowing limit by the autumn deadline, analysts led by Sarah Carlson, senior vice president in […]
Read moreThe S&P 500 has suffered a 7 to 10 percent decline in each year since 1995. I believe this year is no different — and that, in fact, such a decline is around the corner. First of all, the market’s strength appears to be flagging. Sure, the S&P is up 9.2 percent this year, but […]
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