Check out the companies making headlines before the bell: Deere – The construction equipment maker missed estimates by 17 cents with adjusted quarterly profit of $3.14 per share, with revenue also falling short of forecasts. Deere did maintain its prior full year profit forecast. Campbell Soup – CEO Denise Morrison has announced her retirement, effective […]
Read moreThe XLE energy ETF just posted its 10th straight day of gains, its longest daily winning streak since 2006. Some see even more room to run. “We’re high conviction overweight,” Mark Tepper, president and founder of Strategic Wealth Partners, told CNBC’s “Trading Nation” on Thursday. “You look at these escalating geopolitical risks with Iran and […]
Read moreWith so many digital coin options out there, it can be difficult for investors to know how to navigate the cryptocurrency universe. Ran Neu-Ner, founder of Onchain Capital and host of CNBC Africa’s “Crypto Trader,” offered a few tips to “Fast Money” traders on Thursday. Here are some of his favorite and least favorite digital […]
Read moreLegalizing marijuana at the federal level in the U.S. could result in fewer prescriptions of addictive substances such as opioids, Canopy Growth founder and CEO Bruce Linton told CNBC on Thursday. Linton, whose Canada based-company has partnered with names such as cannabis icon Snoop Dogg and alcohol leader Constellation Brands, said that in other regions […]
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Oil prices are surging this year, and the last decade shows that several energy stocks have performed well during similar periods of rising crude prices. The outperformers run the gamut, from refiners like Andeavor and Phillips 66, to independent U.S. drillers like Concho Resources and Pioneer Natural Resources, down to drilling contractors like Helmerich and […]
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The biggest hedge funds have been loading up on tech and media names, mostly to good results for an industry that has struggled otherwise to beat the market. The list of most-owned stocks contains many of the market’s favorites, with 15 of the top 20 with the highest hedge fund ownership being in the technology, […]
Read moreAs bond yields rally to multi-year highs, investors may want remember Warren Buffett’sremarks on the importance of interest rates for valuing investments. In a 2017 interview video clip found using CNBC’s Warren Buffett Archive, the investor explained why rates matter so much for stock investors. “The most important item over time in valuation is obviously […]
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A closely-followed basket of energy stocks hit a nearly 3-year high on Thursday and could keep rising despite long-term market trends. The Energy Select Sector SPDR exchange-traded fund — better known by its ticker symbol XLE — rose as high as $78.83 on Wednesday. At that level, its trading at its highest since June 3, […]
Read moreThis story is developing. Please check back for further updates. Click here for the latest on the markets. Source: Investment Cnbc CBS shares plunge after judge says Redstone can challenge voting control plan
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As the greenback soars to its highest levels of the year, one trader sees a couple of market areas that could ride the currency’s coattails. “I think we have to go with the ones that have been outperforming so far,” said Frank Cappelleri, senior equity trader at Instinet, Wedsday on CNBC’s “Trading Nation.” The IWM […]
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