Bitcoin has gotten a lot of fanfare lately but not from Howard Marks, a legendary value investor on Wall Street. Marks told CNBC’s “Halftime Report” on Thursday that’s because he doesn’t understand what is the actual value of Bitcoin. “It’s not a medium of exchange, it’s a medium of trading, so I can’t see any […]
Read moreGoldman Sachs released a list of stocks to stay away from if market volatility continues to climb in a report by the head of global securities research Robert Boroujerdi. “The confluence of low volatility, a fluid reflation narrative and signs of complacency in rates & credit markets have created positioning and correlation extremes for equity […]
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A company’s best defense against an activist investor is its ability to improve the business to boost the stock price. And these companies are evaluated every three months with their quarterly earnings. So CNBC took a look at these report cards for the largest targets where activists announced stakes this year. And the results indicate […]
Read moreWhile tensions with North Korea have taken a bite out of the stock market, defense stocks are benefiting. Shares of defense companies like Lockheed Martin, L3 Communications and Raytheon have surged to record highs in the wake of remarks President Donald Trump made Tuesday about meeting North Korea with “fire and fury” if the nation […]
Read moreClosely followed trader Art Cashin said Thursday that DoubleLine CEO Jeffrey Gundlach may have played a small role in moving Wall Street’s fear gauge higher this week. Billionaire bond guru Gundlach predicted Tuesday on CNBC that the S&P 500 will fall at least 3 percent by the end of the year, and when that happens, […]
Read moreHoward Marks, one of the most respected value investors out there, warned on Thursday about inflated financial markets and the growing risk of passive investing in the infamous technology ‘FANG’ stocks. “The willingness of people to say, ‘I love the FANGs, there is no price too high,'” is worrisome, he said Thursday on CNBC’s “Halftime […]
Read moreHome improvement sales may be the one of the few bright spots for Home Depot. Daniel Binder, an analyst at Jefferies, predicts the retailer will beat expectations next week due to strong housing sales that are boosting demand for products used in home improvement projects. “Home improvement spending still remains healthier than most areas in […]
Read moreLeuthold Chief Investment Officer Doug Ramsey is expecting a market downturn and a spike in volatility as early as the next six to eight weeks. Ramsey cited growing highs in investor sentiment as a contrarian indicator that a short-term sell-off may be at hand. The strategist told CNBC in a phone interview that he expects […]
Read moreShares of Planet Fitness were up more than 7 percent midday Thursday after the company beat top- and bottom-line second-quarter expectations. In a call with investors, executives of the low-cost gym chain pointed to its appeal to casual exercisers and ability to snap up vacant swaths of retail real estate. Planet Fitness’ stock traded as […]
Read moreBarclays on Thursday initiated coverage of Delta Air Lines at overweight, calling it a leader in the sector and highlighting its strong relationships with staff and customers. “A culture driven for respect for customers and employees blended with shrewd capital management has transformed Delta into one of the largest, safest and most profitable airlines in […]
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