CarMax shares rose to an all-time high on Friday after the company reported quarterly earnings that beat expectations. The stock was up more than 13 percent, putting it on pace for its best day since June 24, 2014. The used-car company reported net earnings increased 12.7 percent to $238.7 million and adjusted earnings per share […]
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Energy stocks are riding crude oil’s rally. Now, a major energy ETF just needs to break its stubborn resistance level, according to one chart watcher. “The key level to watch is the $78 level on the XLE,” Matt Maley, equity strategist at MillerTabak, told CNBC’s “Trading Nation” on Thursday. “That’s the level that’s stopped rallies […]
Read moreDespite a generally positive economic outlook, one asset manager warns that signs of a potential market crash are now appearing. Regardless of whether it happens sooner rather than later, any time the market drops, Oracle of Omaha Warren Buffett recommends keeping a level head and picking up a copy of “The Intelligent Investor.” “Any time […]
Read morePresident Donald Trump said on Friday he wants OPEC to raise its oil production. “Hope OPEC will increase output substantially. Need to keep prices down!” Trump said on Twitter. Tweet Link OPEC announced from its meeting in Vienna, Austria that it would raise output but it was unclear still by how much. The official press […]
Read moreInvestors are starting to realize that massive strength in tech and retail stocks have been concealing weakness in the broader market, CNBC’s Jim Cramer said Friday. “This is a horrendous decline that we just haven’t talked about because it’s been masked by FAANG and by the retailers and by a couple [small cap] domestic stocks,” […]
Read moreGeneral Electric should suspend its quarterly dividend for the next 18 months, Goldman Sachs wrote in a Thursday night note to clients. “To avoid another dividend cut and potential rating downgrade we think the most prudent action would be for GE to consider suspending its common dividend for the next 18 months,” Goldman Sachs said […]
Read moreCheck out the companies making headlines before the bell: BlackBerry – BlackBerry reported adjusted first-quarter profit of 3 cents per share, compared to analysts’ expectations of a breakeven quarter. The software and services company also saw revenue top estimates. Medtronic – The medical device maker announced a 9 percent increase in its quarterly dividend to […]
Read moreSummer just started and history suggests a sunny forecast. In the 35 times since 1950 when the S&P 500 rose at least 3 percent heading into the first day of the season, the full year was positive every. That trend will stretch into a 36th year, according to Mark Tepper, president of Strategic Wealth Partners. […]
Read moreTrade war concerns have weighed on U.S. equity markets, but Chinese stocks are bearing the brunt of the international tension. China’s large-cap ETF, the FXI, just posted its 11th straight session of losses for the first time since 2012 as U.S.-China tariff talk remains a central market concern. The picture looks even grimmer when you […]
Read moreFriday will likely be the year's biggest stock market volume day with big action in Apple, JP Morgan
A little-known indexing event on Friday will likely result in the year’s biggest volume day, with large trading and potential price swings in well-known names like Apple, Microsoft, J.P. Morgan, and Grubhub. One of the world’s largest index providers, FTSE Russell, is rebalancing the large-cap Russell 1000 and the small-cap Russell 2000 indexes. This is […]
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