Shares of shoe retailer Foot Locker surged Friday after the company reported earnings well ahead of Wall Street expectations. The stock rallied more than 15 percent in premarket trading after the New York-based company reported adjusted earnings per share at $1.45 for the first quarter, above consensus estimates of $1.25 from FactSet. The shoe store […]
Read moreAthleisure manufacturer Lululemon reports quarterly earnings next Thursday, and the options market is implying a relatively tame move on earnings after a mammoth run in recent months. Shares of Lululemon, up 118 percent in one year and 35 percent in 2018, is among a number of specialty retailers on a tear this year. Shares of […]
Read moreGold prices just had their best day in more than a month as renewed tensions with North Korea pushed investors into less risky assets. Trying times call for the safety trade, says one market watcher. “It makes sense to hold it as a pure play because of all the geopolitical risk that’s out there. It’s […]
Read moreThe Meghan Markle effect has spread to yellow gold jewelry, helping boost United States sales in the first quarter of 2018 with further gains expected, jewelers said. The first three months of the year were the strongest first quarter for gold jewelry demand in the United States since 2009, according to the World Gold Council. […]
Read moreRegulating cryptocurrencies is a good thing and it might even help advance the digital currency market, crypto trader Ran Neu-Ner told CNBC on Thursday. “When [regulators] come out with regulation, it’s going to open the floodgates for new money to come into crypto,” the host of CNBC Africa’s “Crypto Trader” said on “Fast Money.” While […]
Read moreBest Buy shares were sinking Thursday following a first-quarter beat that failed to impress Wall Street. The problem, according to one market watcher, was that expectations were too high. “It was priced to perfection going into the number,” Boris Schlossberg, managing director of FX strategy at BK Asset Management, told CNBC in an email Thursday. […]
Read moreRay Dalio said last year gold was good protection because of Trump and North Korea 'playing chicken'
President Donald Trump’s decision Thursday to cancel the Singapore summit with North Korea leader sent the price of gold higher as global investors sought safety. Bridgewater Associates founder Ray Dalio shared a specific game plan last year during a time period of rising tensions between the U.S. and North Korea. The investor recommended gold as […]
Read moreA little more than three months ago I wrote an article saying so-called safe haven stocks aren’t so safe. I pointed out that consumer staples stocks, as measured by the XLP — the popular consumer staples tracking ETF — were already off by 6 percent in early March. I take no pleasure in pointing this […]
Read moreThe market thought that President Donald Trump would do everything to make the U.S. summit with North Korea work, but that didn’t happen, closely followed trader Art Cashin said Thursday. “You saw a rally when it looked like everyone was getting along,” said Cashin, UBS director of floor operations at the New York Stock Exchange. […]
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An exchange-traded fund tracking South Korean stocks dropped more than 2.5 percent Thursday after President Donald Trump called off a nuclear summit with North Korea’s Kim Jong Un. The iShares MSCI South Korea Capped ETF, the EWY, traded was on pace for its first negative day in four sessions. The ETF tracks stocks such as […]
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