President Donald Trump, often seizing on stock market gains as a personal victory, may now see that he can get on the market’s bad side. Stocks sold off sharply Thursday, as investors worried about a possible exodus of cabinet members and advisors and doubted his ability to push through pro-growth programs. Rumors circulated that highly […]
Read moreFoot Locker shares plummeted by 19 percent in the premarket Friday after the company’s quarterly results missed expectations by a wide margin. The athletic apparel retailer posted adjusted earnings per share of 62 cents on revenue of $1.701 billion for the second quarter. Analysts polled by Thomson One expected the company to report earnings per […]
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An investment strategy made popular by Warren Buffett could be back in vogue soon, according to Strategas Research Partners. In a note to clients Thursday, Strategas pointed out that returns stemming from growth investment strategies have reached a point where they could start to underperfom. This opens the door for value investment strategies, which have […]
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Retail stocks have been badly punished this year, but Todd Gordon of TradingAnalysis.com sees opportunity in the hammered group. Examining a chart of the SPDR S&P Retail ETF (XRT), Gordon spots “support” at around the $38.50 level, which is roughly where it closed on Thursday. So long as the ETF manages to hold that level, […]
Read moreJim Cramer is no stranger to August sell-offs. “Welcome, August. Where you been?” the “Mad Money” host exclaimed on Thursday. “For as long as I’ve been in this business, August has been a month where we have unexplained or inexplicable, sudden sell-offs, including nasty ones like today.” As the Dow Jones Industrial average fell more […]
Read moreRetail competition is at the forefront of Wall Street yet again as retailers release their earnings reports, and Jim Cramer is seeing a divide form around the industry’s most powerful disruptor. “When the book is closed on retail this quarter, we’re going to have two different narratives: there are the companies that Amazon can crush […]
Read moreJim Cramer is no stranger to August sell-offs. “Welcome, August. Where you been?” the “Mad Money” host exclaimed on Thursday. “For as long as I’ve been in this business, August has been a month where we have unexplained or inexplicable, sudden sell-offs, including nasty ones like today.” As the Dow Jones Industrial average fell more […]
Read moreEgypt‘s first bitcoin exchange will go live later this month, the founders of Bitcoin Egypt said, linking the Middle East‘s most populous country with a cryptocurrency that has surged in value in recent months. Many governments around the world are still mulling how to regulate and classify bitcoin, a volatile digital currency that has captured […]
Read moreCheck out which companies are making headlines after the bell: Shares of Ross Stores skyrocketed more than 10 percent in extended trading Thursday after the clothing outlet beat expectations on its second-quarter earnings. The company reported bottom-line profits of 82 cents per share on revenue of $3.43 billion. Gap stock soared more than 10 percent […]
Read moreSome strategists foresee further downside for the U.S. dollar’s relative value as questions swirl around the likelihood of the Trump administration passing any tax reform-related legislation. “The disillusion of parts of Donald Trump’s administration is causing big headaches; it’s really affected the stock market, but also the U.S. dollar,” said Kathy Lien, managing director of […]
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