Bank of America Merrill Lynch added Tiffany & Co. to its US 1 list, a collection of the corporation’s favorite investment ideas. Analyst Lorraine Hutchinson provided several reasons why investors should consider buying Tiffany, including a management and board overhaul as well as an increased focus on innovation. Tiffany shares jumped nearly 2 percent in […]
Read moreKroger CEO Rodney McMullen acknowledged that the grocery industry is changing rapidly, and he’s touting his company’s ability to adapt. In the wake of Amazon’s plan to acquire Whole Foods, some have speculated that the pace of change will only accelerate in the sector. Some have even suggested Kroger should make a counteroffer for the […]
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A sharp drop in bullish bets on oil prices could be a contrarian signal that crude futures don’t have much further to fall and may have even finally hit bottom. Speculative bets that U.S. crude prices will rise surged earlier this year, creating a crowded trade that was eventually undercut by higher-than-expected output growth from […]
Read moreOppenheimer Asset Management’s John Stoltzfus is finding himself in an unusual situation. The S&P 500 has already closed above his bullish 2017 price target, and it’s not even the second half of the year. “We think there’s likely opportunity for us to raise it,” the firm’s chief investment strategist said Monday on CNBC’s “Trading Nation.” […]
Read moreShares of Darden Restaurants jumped Tuesday after the company posted better-than-expected fiscal fourth-quarter earnings. The company said it earned $1.18 per share ex-items on revenue of $1.94 billion. Analysts had expected earnings per share of $1.15 on revenue of $1.87 billion, according to Thomson Reuters. In premarket trading, Darden shares were up 2.3 percent. At […]
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After three years of huge losses, a large exchange-traded fund tracking Spanish stocks, the iShares MSCI Spain Capped ETF, has risen 23 percent this year. With the European economic outlook strengthening, some strategists see further gains in the exchange-traded fund. The market-weighted fund, heavily skewed toward the financial sector, covers the top 85 percent of […]
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Merck said Tuesday its cholesterol drug Anacetrapib met its primary goal in a study, significantly reducing coronary heart disease. Shares of the pharmaceutical company spiked more than 3 percent in premarket trade and were last trading about 1.6 percent higher. Results of the study on 30,000 individuals will be presented on Aug. 29 at a […]
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The summer doldrums appear to have hit stocks, but one trader has a way to play the slow, quiet market. While the S&P 500-tracking ETF (SPY) has moved into a “June consolidation,” Todd Gordon of TradingAnalysis.com believes that SPY can still break out of its trading range to move higher. But low implied volatility in […]
Read moreWhen Jim Cramer first started out in trading, he didn’t like rules. He believed that either they couldn’t really help, or they would cut his upside and prevent him from making more money. After getting burned too many times, he learned the value of discipline. “The rules protect you against your own bad judgment about […]
Read moreThe biggest mistake Jim Cramer sees investors make is thinking they are supposed to be fully invested at all times. Heck, some money managers have even told him that they are supposed to have all their money in stocks. This is complete nonsense! Having cash on hand when a market correction occurs is the key […]
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