Technology stocks have been fairly consistent out-performers in the stock market, so much so that Jim Cramer wanted to counter growing worries that the tech sector is overvalued. “It seems like every hedge fund manager who still cares about individual stocks believes that tech is too expensive. It doesn’t matter what these companies do, or […]
Read moreWhen Jim Cramer noticed that the market stayed high on Wednesday despite massive declines in two of its most important sectors, he had to investigate. The “Mad Money” host watched swaths of the auto sector topple after auto parts retailer O’Reilly Automotive reported a stark earnings miss, with declines stretching as far as retailers Home […]
Read moreBank of America rang a warning bell Wednesday regarding all the money that has piled into passive exchange-traded funds. The bank says the massive popularity of ETFs may be leading us on a road to a liquidity problem. The note issued by Bank of America Merrill Lynch’s Global Research department warns “the actual shares available, […]
Read moreSeveral newly public stocks fell near or below their IPO prices on Wednesday. Shares of Tintri and Blue Apron dipped briefly below their IPO prices, after hitting the public market in late June. Meanwhile, Snap and Cloudera shares were both within $1 of hitting their IPO prices by midday, and Okta shares hit an all-time […]
Read moreO’Reilly Automotive‘s stock sank by 20 percent Wednesday after the auto parts retailer reported weaker-than-expected same-store-sales growth. Other auto parts retailer stocks also fell sharply. The company announced comparable-store sales growth of 1.7 percent for the second quarter, below its previous guidance of 3 to 5 percent growth and FactSet’s estimated growth of 3.9 percent. […]
Read moreTipRanks, a service which ranks Wall Street analysts, identified the top players in technology coverage and found which stocks they like for the second half of 2017. We use a natural language processing algorithm to rank analysts based on two factors: Average return of buy-sell recommendations Success rate of buy-sell recommendations. TipRanks’ stock screener allows […]
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Oil prices plunged nearly 4 percent on Wednesday, ending the longest bullish streak in five years, as more evidence indicated OPEC exports rose last month. U.S. West Texas Intermediate crude futures fell $1.83, or 3.9 percent, to $45.24 per barrel at 1:26 p.m. ET, erasing much of the previous two sessions’ gains. International benchmark Brent […]
Read moreJefferies is optimistic toward companies such as Raytheon, Orbital ATK, and Aerojet Rocketdyne as tensions with North Korea escalate, leading to greater missile defense spending. “The aggressive nature of the North Korean acts may cause Japan, South Korea, the U.S. Congress and the Administration to fund missile defense at an above average rate,” wrote Jefferies […]
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All the major economies of the globe and the companies that make them up are picking up steam at the same time right now, the first such simultaneous recovery in years. This is making the phrase “global synchronous recovery” among the favorites of bulls on Wall Street. “We expect all the major markets to report […]
Read moreBuffalo Wild Wings‘ proxy battle may be over, but a month later the company is still fighting to convince shareholders that it can forge a successful turnaround. Shares of the company have fallen close to 20 percent since January, including more than 16 percent since early June, when CEO Sally Smith announced plans to resign […]
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