Hertz‘s luck may be turning around, but investors will need to wait longer to see results. Shares of the rental-car company soared nearly 20 percent on Wednesday after positive comments by CEO Kathryn Marinello. “We have made significant progress in the first half of the year, executing on our operating turnaround plan,” Marinello said in […]
Read moreIf tensions between the U.S. and North Korea escalate, a flood into safe havens will be the first warning sign, closely followed trader Art Cashin told CNBC on Wednesday. “You’re going to have to watch those safe havens. If they begin to move very rapidly, then we’re going to go into a different kind of […]
Read moreThere is one Trump trade still working even as some on Wall Street fret the White House is getting “nothing done.” Defense stocks rallied a day after President Donald Trump warned that threats from North Korea “will be met with fire and fury” on Tuesday. The gain in the stocks came as the rest of […]
Read moreTen years ago Wednesday, French bank BNP Paribas blocked withdrawals from hedge funds that specialized in U.S. mortgage debt. That Aug. 9, 2007, marked the beginning of a credit crisis that caused investment bank Lehman Brothers to collapse a year later and usher in the Great Recession of 2007-09. “It’s true that the subprime mortgage […]
Read moreNvidia is the best performing stock over the past year. But even after the big run, one Wall Street analyst predicts the chipmaker will beat expectations later this week. For the July quarter earnings we “see upside to estimates in gaming and data center. We think core PC Gaming will benefit from increased demand for […]
Read moreInvestors have built up a large short position in investor Carl Icahn’s oil refining company, CVR Energy, in the past three months, according to Reuters data, as evidence mounts that the company’s gamble on the biofuels market is going sour. Icahn has been one of the loudest critics of the federal biofuels program. CVR, in […]
Read moreThe “Fast Money” traders shared their moves for first hours of the trading day. Tim Seymour was a buyer of Nike. Karen Finerman was a buyer of Valeant. Dan Nathan was a buyer of Disney. Guy Adami was a buyer of Micron. Trader disclosure: On August 8,2017, the following stocks and commodities mentioned or intended […]
Read moreNetflix investors are worrying Disney will not be the last to pull video content from the internet streaming giant. Disney announced Tuesday it intends to remove its movies from Netflix and launch a branded direct-to-consumer streaming service in 2019. Netflix shares fell in the post-market session following the news and opened down 3.9 percent on […]
Read moreInvesting in the stock market a decade ago today was, in retrospect, an awful way to treat your money. That’s when the global financial crisis began to erupt with the halting of withdrawals from some BNP Paribas funds, ushering in eighteen months of wealth destruction and economic peril. Perhaps surprisingly, though, that money put into […]
Read moreActivist investor Morfit Mason and ValueAct sold about 7 million shares of Microsoft’s stock over the past week, according to regulatory filings released on Tuesday. The shares were sold at prices ranging from $72.50 apiece to $72.61 apiece, valuing the stake at over $500 million. Morfit sits on Microsoft’s board of directors, a seat he […]
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