Whirlpool‘s stock was falling nearly 7 percent Thursday morning a day after the appliance manufacturer delivered earnings and sales for the second quarter that missed Street estimates. On a call with analysts and investors Thursday morning, the clear elephant in the room was quickly mentioned — Sears recently signing a deal to sell Kenmore appliances […]
Read moreShares of Southwest Airlines were hit hard in early Thursday trading before recovering slightly. Investors were expressing concern over slower unit revenue growth. Despite reporting better-than-expected quarterly earnings and revenue Thursday, the stock was down more than 7 percent at one stage. Here’s what Southwest reported versus what Wall Street was expecting: Earnings per share: […]
Read moreStarting a 401(k) plan is the most popular way for many in the workforce to grow their nest egg for retirement. Whether you’re a millennial thinking about moving from one job to another, or a veteran of the workforce making a career change, financial experts say it’s key to know your options when it comes […]
Read moreJust when Jim Cramer expects the transports to be rallying, they roll over, raising concerns about weakness in one of the market’s most important sectors. “I can’t do enough to stress just how important this sector is to any rally. Transports equal commerce,” the “Mad Money” host said. But one of the transport stocks could […]
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A potential ban on scrap metal imports in China could be a boon for imported refined copper in that country, the world’s biggest consumer of the metal. The price of copper shot up more than 2 percent in trading Wednesday, rising for the fourth straight day to the highest level in more than two years. […]
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The euro soared against the dollar on Wednesday after the Federal Reserve kept interest rates unchanged and signaled it would take its time raising rates. The common currency hit a 2 1/2 year high against the greenback following the decision as traders increased their bets that economic growth and borrowing costs will increase at a […]
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The midsummer market is a Goldilocks market, but it’s about to head into what can be two of the worst months of the year for stocks and there are plenty of risks to the rally. Robust earnings, a fairly easy Fed, super-low volatility and a global economic recovery are among the many things that look […]
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The CBOE Volatility Index (.VIX), widely considered the best gauge of fear in the market, fell Wednesday to its lowest on record. At 2:01 p.m., the VIX dropped below 9, hitting a low of 8.84, below the low of 8.89 from Dec 27, 1993. The VIX then popped back up to around 9.38 as of […]
Read moreSales at casual dining restaurants may be on the mend, but the sector’s upturn wasn’t enough for Outback Steakhouse owner Bloomin’ Brands. “We have seen some strengthening of casual dining sales trends over the past two quarters since a significant pullback of the industry in Q4 2016,” Elizabeth Smith, CEO of Bloomin’ Brands, said during […]
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The U.S. dollar index is hovering near its lowest level in more than a year, and according to one strategist we may have just witnessed a bottom. Paul Ciana, chief global technical strategist at Bank of America, says there are two charts of the dollar that show how grossly oversold it is. On CNBC’s “Futures […]
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