The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a seller of the iShares MSCI Brazil Index. Brian Kelly was a buyer of Nvidia. Steve Grasso was a buyer of Marriott. Guy Adami was a buyer of Verisign. Trader disclosure: On August 7, 2017, the following stocks and commodities […]
Read moreYork Capital Management founder Jamie Dinan says he’s finding “huge opportunities” in Japan and Europe. “What we’ve been doing in Japan is playing the whole restructuring of the Japanese conglomerates … by trying to figure out which subsidiaries they are going to sell,” Dinan said Tuesday on CNBC’s “Squawk Box.” The hedge fund manager also […]
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In the wake of announcing a major acquisition, stronger comparable sales results in North America and Europe helped fuel Michael Kors‘ profit and revenue to top Street expectations in its fiscal first quarter. Michael Kors said Tuesday that its net income attributable to the company dropped 15 percent to $125.5 million, or 80 cents per […]
Read moreJeffrey Gundlach joins the list of fund managers sounding warnings about the markets. Like Oaktree Capital’s Howard Marks, Gundlach is seeing danger signs. Junk bonds and emerging market debt are overvalued, Gundlach tells Bloomberg News. The manager of $110 billion-asset DoubleLine Capital says he’s moving out of those assets and putting money in higher quality […]
Read moreFormer Federal Reserve Chairman Alan Greenspan is wrong about a bond bubble, and interest rates can go much lower, closely followed strategist Mark Grant said Tuesday. Greenspan warned on Friday that the bond market is on the cusp of a collapse that will threaten stock prices. Once it starts “it will be rather rapid,” he […]
Read moreCheck out which companies are making headlines before the bell: CVS Health – CVS earned an adjusted $1.33 per share for its latest quarter, two cents a share above estimates. Revenue also topped forecasts, boosted by strong performances in its specialty pharmacy and benefits management businesses. Time Inc. – The magazine publisher beat estimates by […]
Read moreJim Cramer loves when historical patterns pop up in the stock market, especially ones like the recent concerns about FANG stocks being overvalued and emblematic of the 2000 tech bubble. “But you know that history doesn’t always repeat itself. In fact, there are times when it can lead you very much astray,” the” Mad Money” […]
Read moreWhen Jim Cramer was new to the stock business, he read legendary fund manager Peter Lynch’s 1989 book, “One Up On Wall Street: How to Use What You Already Know to Make Money in the Market.” The book revolved around a key piece of advice: if investors kept their eyes open to products or experiences […]
Read moreThe “selfie generation” could be even more of a needle-mover than you thought, at least according to Allergan Chairman, President and CEO Brent Saunders. Of the 30 million people in the United States who consider getting aesthetic treatments like Allergan’s Botox, only three million people actually follow through with getting the procedures. But within that […]
Read moreJim Cramer loves when historical patterns pop up in the stock market, especially ones like the recent concerns about FANG stocks being overvalued and emblematic of the 2000 tech bubble. “But you know that history doesn’t always repeat itself. In fact, there are times when it can lead you very much astray. For example, if […]
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