Check out which companies are making headlines before the bell: Travelers – The insurance company reported profit of $1.92 per share, missing estimates of $2.11 a share, although revenue beat forecasts. Results were impacted by higher weather-related losses. Travelers did see record premiums and higher investment income. Blackstone – The asset manager came in three […]
Read moreWhen a caller asked Jim Cramer for his thoughts on the fate of Snap Inc., he did not hesitate to give the social media company a dooming prognosis. “Snap is the No. 1 reason why you want to own Facebook, because we thought that Instagram would be challenged by Snap. It turns out that’s not […]
Read moreInvestors may worry about what is causing the stock market’s monster rally, but Jim Cramer insists that it is all about boring stocks like financial technology player Equifax. Shares of Equifax, one of the country’s three biggest credit reporting agencies, have been on fire, rallying almost 20 percent in 2017 and far outpacing the S&P […]
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Fund managers see Nasdaq stocks as the most crowded trade in the world, and as a result, they trimmed technology positioning in June and reduced allocations to U.S. stocks to the lowest since 2008. For three months, Nasdaq has been dubbed the most crowded trade by global fund managers in the monthly Bank of America […]
Read morePinnacle Foods jumped amid fresh speculation that Conagra or some other bidder is interested in an acquisition of the company. “We cannot comment on market speculation,” said a Pinnacle spokesperson. Pinnacle stock was up more than 3.4 percent at $61.20 per share. Conagra Brands was also higher, up 1.3 percent. Sources had told CNBC in […]
Read moreMicrosoft shares have rallied nearly 40 percent in the last year, and traders are betting that there’s more room to run ahead of its earnings report Thursday after the bell. The tech giant hit another all-time high on Wednesday, as Wall Street continues to see more growth opportunity in its cloud business. According to Mike […]
Read moreMorgan Stanley’ research team highlighted several “high conviction” stock picks for investors ahead of the second quarter earnings season. The firm’s analysts highlighted 15 stocks in their note on Wednesday. “The team observes that recent revisions have been strong in Technology, Industrials, Health Care and Utilities, and weak in Energy, Discretionary and Materials,” the note […]
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Call it the crude comeback. Oil is tracking for its second positive month of the year, and with the commodity now up 12 percent from its late June low, technician Scott Redler says we could be witnessing a major turnaround for crude and it could be a key driver for the markets this summer. “What […]
Read moreGoldman Sachs owes its poor trading performance this year at least in some part to a slew of wrong-way forecasts about the direction of markets. The first half of 2017 saw Goldman’s strategy team put out wrong calls about dollar and commodity strength and the expectation that government bond yields would be on a strong […]
Read moreShares of Scripps Network Interactive jumped 16 percent as both Discovery Communications and Viacom have reportedly expressed interest in acquiring the lifestyle broadcast company. Interest from Discovery revives a potential deal the two companies scrapped in 2014, The Wall Street Journal reported Tuesday. And Reuters reported that Viacom also recently held talks to buy Scripps. […]
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