The Dow is getting whiplash this week. The blue-chip index is seeing another triple-digit rally on Thursday, its second since Monday, after a trade sell-off midweek. Matt Maley, equity strategist at Miller Tabak, sees two Dow stocks to buy and one he would avoid in this market’s swings and roundabouts. A stronger dollar and trade […]
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Papa John’s reputation with executives in the pizza industry has deteriorated after public backlash against its founder, John Schnatter, CNBC’s Jim Cramer said Thursday. “When you talk to high-level people in the pizza industry, there are people who think this company is falling apart,” Cramer said on “Squawk on the Street.” Cramer spoke as the […]
Read moreL Brands shares tumbled on Tuesday after the company announced weak sales in its Victoria’s Secret stores for last month. The stock dropped nearly 10 percent and was on track for its worst day since March 1, when it fell 13.9 percent. L Brands said same-store sales for Victoria’s Secret — a key measure followed […]
Read moreBoth Berkshire Hathaway CEO Warren Buffett and business mogul Kim Kardashian West are wildly successful in their own spheres. But the pair have another thing in common as well: They agree that the best investment they’ve ever made is in themselves. “Ultimately, there’s one investment that supersedes all others: Invest in yourself,” Buffett told Forbes. […]
Read moreCanaccord Genuity named Amazon king of the most revered tech stocks, while raising its price target on the e-commerce giant. “Amazon’s rapidly growing scale of investment is strengthening long-term competitive barriers, and this includes a robust outlook for Prime subscription growth,” Canaccord analysts Michael Graham and Austin Moldow wrote in a note Thursday. “We continue […]
Read moreWall Street is buzzing over Broadcom’s befuddling strategy to acquire a low growth software company. On Wednesday after the market close Broadcom announced it had entered into an agreement to acquire software company CA Technologies for $18.9 billion. Raymond James told its clients it was surprised on the deal announcement and questioned the company’s rationale. […]
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As trade war chaos envelops asset classes from stocks to commodities to currencies, defensive corners of the market like consumer staples and utilities have fallen back into favor. Within consumer staples, one name that may fly under the radar for some investors has acted particularly well, catching my eye in recent sessions. While the staples-tracking […]
Read morePresident Donald Trump‘s latest tariff plans sent the market into negative territory on Wednesday. But Tony Dwyer, chief market strategist at Canaccord Genuity, told CNBC that investors shouldn’t worry about trade tensions or tariffs. “The market moves with the direction of earnings,” Dwyer said Wednesday on “Fast Money.” “As long as the economy is positive, […]
Read moreCheck out which companies are making headlines before the bell: Delta Air Lines – Delta came in 5 cents a share above estimates, with adjusted second quarterly profit of $1.77 per share. The air carrier also announced the approval of a 15 percent dividend hike. Delta said its fuel bill would be higher by about […]
Read moreU.S. corporations are more willing than ever to consider buying competitors amid private concerns they risk disappointing shareholders without making splashy deals, according to J.P. Morgan Chase global co-head of mergers and acquisitions Chris Ventresca. “With every day that goes by, they have a strengthening portfolio and balance sheet,” Ventresca said of companies across sectors […]
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