Kroger shares soared Thursday on strong earnings, which were boosted by the company’s online investments and delivery services. Shares rose more than 9 percent, putting it on pace for its best day since Mar. 10, 2009. The largest U.S. supermarket chain said adjusted earnings were $626 million, up from adjusted earnings of $546 million in […]
Read moreA continued surge in corporate earnings will have only limited benefit for stock prices, which face multiple policy obstacles, according to Goldman Sachs. In fact, the bank’s strategists have raised their S&P 500 profits expectations through 2020, but do not expect the improved climate to have a meaningful impact on equity returns. “The US economy […]
Read moreHe thought he was practicing — but the trades and the millions of dollars of windfall were real. Harouna Traore, who was taking a class in Paris to become a day trader, used a demonstration version of British brokerage firm Valbury Capital’s platform to learn how to trade equity futures last summer, according to the […]
Read moreJim Rogers is the latest investing guru to venture away from active management by attaching his name to an exchange-traded fund. The Rogers AI Global Macro ETF (BIKR) launches Thursday in New York. It’s based on an index that tracks a model Rogers, 75, and his team at Ocean Capital Advisors have created using machine […]
Read moreInvestors are rallying behind Darden Restaurants. Shares of the restaurant group surged more than 10 percent in early trading Thursday after the company posted better-than-expected fiscal fourth-quarter earnings, buoyed by strong sales at most of its restaurants, and raised its quarterly dividend. Darden’s stock is on pace for its best day since March 2009. “Our […]
Read moreGoldman Sachs upgraded Verizon and Charter Communications to buy from neutral, believing the broadband providers have been unfairly punished as other telecommunications giants pursue costly acquisitions. “We believe that broad underperformance across the sector has been driven by a few key factors, including concerns about fundamental headwinds, M&A uncertainty and rising interest rates,” the Goldman […]
Read moreCheck out the companies making headlines before the bell: Kroger – The supermarket operator beat forecasts by 10 cents a share, with adjusted quarterly profit of 73 cents per share. Revenue beat forecasts, as well. Same-supermarket sales excluding fuel rose 1.4 percent from the prior year. AT&T – AT&T unveiled a $15 per month video […]
Read morePivotal Research Group became on Thursday the second Wall Street research firm to slap a $500 price target on Netflix this week as analysts’ love for the stock hits a fever pitch. Analyst Jeffrey Wlodarczak raised his 12-month price target on the video-streaming giant to $500 from $420 per share. Wlodarczak’s new price target implies […]
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GE got dealt a major blow this week after getting the boot from the Dow. This looks like a buy to investors with the stomach to endure a bumpy recovery, says one market watcher. “I would be a buyer, but with a caveat,” Boris Schlossberg, managing director of FX strategy at BK Asset Management, told […]
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Stitch Fix shares jumped more than 14 percent Wednesday afternoon on speculation via social media that media mogul Oprah Winfrey would be taking a stake in the subscription box company. A representative for Winfrey later told Bloomberg the speculation wasn’t true. Stitch Fix declined CNBC’s request for comment. Stitch Fix’s stock later trimmed back more […]
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