General Electric shares were lower early Wednesday, a day after news that the last original Dow component was being dropped from the blue-chip index. Shares of GE, which has been in the index continuously since November 1907, fell more than 1 percent in premarket trading Wednesday to around $12.81 per share. At one point, it […]
Read moreKroger reports earnings on Thursday, and one derivatives expert says the options market is implying a relatively tame move on the report. That’s not always the case. “To say this stock has had a wild ride over the last year would be an understatement,” Stacey Gilbert, head of derivative strategy at Susquehanna, said Tuesday on […]
Read moreFormer General Electric transportation CEO Bob Nardelli told CNBC on Tuesday he thinks there is more pain ahead for his former company. The industrial giant, which is in the middle of a massive restructuring, was booted out of the Dow Jones industrial average on Tuesday. The change will occur prior to the open on Tuesday, […]
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The Trump administration’s history with trade has been volatile for stocks, usually sending them lower at first, but investors who have bought equities on those dips have been rewarded. The Dow Jones industrial average, S&P 500 and Nasdaq composite this year dropped on average at least 0.4 percent immediately after an announcement on trade policy […]
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As the Dow comes under pressure again, one technician is taking the opportunity to break open the index for the names to buy on weakness. Ari Wald, head of technical analysis at Oppenheimer, subscribes to one guiding philosophy to identify those picks. “Our general rule to investing is only buy stocks above a rising 200-day […]
Read moreShares of Sarepta Therapeutics soared more than 50 percent Tuesday after the company presented preliminary data for its experimental treatment for patients with Duchenne muscular dystrophy. The rare genetic disease causes muscle wasting and can be fatal before patients turn 30. Symptoms usually start in early childhood, usually between 3- and 5-years old. It primarily […]
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Verizon was the only member of the Dow Jones Industrial Average trading significantly into the green on Tuesday after Deutsche Bank upgraded the wireless provider, saying the shares were relatively cheap. The stock gained 1.8 percent Tuesday, also boosted by investors betting that its domestic revenues will be shielded from fears of a trade war […]
Read moreWhen Dutch payments processing firm Adyen went public on June 13, the stock jumped 100 percent above the initial share price, giving the company a valuation of 14.8 billion euros ($17 billion). Adyen’s spectacular entry into the elite ranks of unicorns — companies valued at more than $1 billion — was all the more noticeable […]
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Soybean futures dropped Tuesday to their lowest in more than two years following renewed concerns about a U.S.-China trade war. A war of words between the two countries picked up overnight, following announcements of tit-for-tat tariffs on $34 billion worth of imports late last week. In retaliation against planned U.S. duties, Beijing intends to impose […]
Read moreCNBC’s Jim Cramer said on Tuesday he’s not worried yet about the escalating trade conflict between the United States and China. “Right now, this is not serious,” Cramer told “Squawk on the Street.” “I’m waiting for something serious to hit my way.” The “Mad Money” host said the fight would get real if Apple, Yum […]
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