Shares of Sprouts Farmers Market and other grocery stocks fell again Monday as Amazon.com rolled out price cuts at Whole Foods stores. Sprouts fell nearly 7 percent, Supervalu lost almost 3 percent and Kroger and Target traded nearly 1 percent lower. Wal-Mart fell about half a percent and Costco traded slightly lower, as of late-morning […]
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Shares of property insurance giant Travelers declined more than 2 percent on Monday as investors weighed potential losses from Hurricane Harvey’s assault on Houston. The stock also had the biggest decline of the 30 stocks in the Dow Jones industrial average and was on track for its worst day of the year. Travelers in 2017 […]
Read moreHome improvement shares jumped in early trade Monday as Tropical Storm Harvey continued to dump rain on Houston, Texas. Shares of Lumber Liquidators jumped 3.6 percent, while Lowe’s rose 1.2 percent and Home Depot climbed nearly 1 percent. Shares of power generator manufacturer Generac fluctuated after peaking 1.5 percent higher. The S&P 500 gained overall […]
Read moreA former key Wal-Mart executive and member of the founding Walton family has sold a chunk of his shares, netting a tidy $62.3 million in proceeds. S. Robson “Rob” Walton, the eldest son of company founder Sam Walton, sold his shares in two installments Wednesday and Thursday, according to a regulatory filing with the Securities […]
Read moreOil markets were roiled on Monday after Tropical Storm Harvey wreaked havoc along the U.S. Gulf Coast over the weekend, crippling Houston and its port, and knocking out numerous refineries as well as some crude production. U.S. gasoline prices hit two-year highs as massive floods caused by the storm forced refineries in the area to […]
Read moreCheck out which companies are making headlines before the bell: Kite Pharma — Gilead Sciences announced a deal to buy Kite for $11.9 billion in cash, or $180 per share, 29 percent more than Kite’s closing price on Friday. The drugmakers expect the deal to close during the fourth quarter of this year. Littelfuse — […]
Read moreJim Cramer may not be a chartist, but he understands why charts are so important for predicting the market’s major moves. “You must consider them as if they are footprints at a scene of a crime. These footprints trace out what big money managers might be doing with their buying and selling of stocks,” the […]
Read moreInvestors are pulling billions from the stock market, and for widely followed strategist Jim Paulsen, that’s a good sign. For 10 straight weeks a total of $30 billion has left U.S. stocks, according to a recent report by Bank of America Merrill Lynch. It marks the longest streak of outflows since 2004. “I really like […]
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Investors are fleeing U.S. stocks in a way they haven’t since 2004. For 10 straight weeks a total of $30 billion has left U.S. stocks, marking the longest streak of outflows since 2004, Bank of America Merrill Lynch said in a Thursday report, citing EPFR Global data. Investors turned instead to emerging markets and European […]
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After a disappointing few years for precious metals investors, gold is finally taking the lead. With a 12.2 percent year-to-date rally for gold futures and a 9.3 percent year-to-date rise for the S&P 500, 2017 is set to be the first year in which the yellow metal has beaten stocks since 2011. In that year, […]
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