The chance of a government shutdown in the fall, should Congress fail to reach an agreement around the debt ceiling, may cause a surge in market volatility ahead. While strategists and economists largely argue that the government is likely to avoid a shutdown, as the debt limit is a perennial issue, such a shutdown would […]
Read moreAs Congress’ debate on tax reform continues and the risk of a government shutdown grows, Intuit CEO Brad Smith told CNBC that his tax-handling giant would do its part in the meantime. “We’re excited about tax simplification. We’ve been working really hard for years to try to make it happen, but in the absence of […]
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I got a call Thursday morning from Kathleen Smith, who runs Renaissance Capital, an investment firm that specializes in investing in IPOs and also runs the Renaissance Capital IPO ETF (ticker: IPO), a basket of the largest 60 or so most recent offerings. She had just finished reading the S-1 filing of a proposed IPO […]
Read moreSeth Klarman is a value investing giant who draws comparisons to Warren Buffett and is one of the most successful hedge fund managers still working today. His firm has amassed $30 billion of assets under management through the end of 2016. But it’s hard to follow Klarman since he is so reclusive. The investor did, […]
Read moreRetail stocks are rallying on Wall Street again. A slew of quarterly earnings reports this week from a mixed bag of companies has sent some retail stocks soaring to new highs. It’s a welcome narrative amid chatter of declining sales, falling foot traffic, store closures and bankruptcies. Thursday morning brought mostly upbeat results from Dollar […]
Read moreA bottom may be near for Chipotle shares, according some Wall Street firms. Stephens raised its rating for shares of the burrito restaurant chain to equal weight from underweight, saying the current valuation is becoming more sensible after dropping this year. The stock is down 21.3 percent this year through Wednesday compared with the S&P […]
Read moreCheck out which companies are making headlines before the bell: Tiffany – The luxury goods retailer earned 92 cents per share for the second quarter, six cents a share above estimates. Revenue also beat forecasts, but comparable-store sales fell one percent compared to forecasts for a 0.2 percent drop. Dollar Tree – The discount retailer […]
Read moreAs U.S. retailers race to adjust to an increasingly online shopping environment, PVH President and CEO Manny Chirico told CNBC that the e-commerce pain isn’t affecting much overseas. “The department store channel there continues to be fairly strong, and our own stores and our own direct e-commerce business is very strong,” Chirico told “Mad Money” […]
Read moreEvery generation makes investing mistakes that later generations can learn from. Our grandparents, parents and older siblings all have been blindsided at one time or another from something about investing they got wrong. Like millennials scrambling to master the basics today, earlier generations were never formally taught how to invest. They just went with what […]
Read moreOne fund manager just made a bold, bullish call on energy stocks, even as the sector withers as this year’s worst performer and languishes in a technical bear market. Mark Tepper, president of Strategic Wealth Partners, said in an interview Tuesday on CNBC’s “Trading Nation” that he just went overweight on energy names, even as […]
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