Tiger Management has sent a letter to the board of GameStop, urging the video game retailer to conduct a strategic review amid recent management upheaval. “We view the recent management departures and crisis of confidence as an unprecedented opportunity for the Board to launch a strategic review and revive shareholder confidence in the sustainability of […]
Read moreSomething in the bond market beyond this week’s jump in yields for 10-year Treasurys has one Wells Fargo strategist on alert. “It’s supply,” Michael Schumacher, head of rate strategy at Wells Fargo, told CNBC’s “Futures Now” on Tuesday. “When you think about the enormous amount of debt that U.S. Treasury’s got to issue over not […]
Read moreMany investors wonder when the right time will be to put some money in bitcoin. It’s a question that financial advisors increasingly hear these days. Yet advisors, for the most part, don’t recommend investing in digital currency, or in the investment vehicles that have cropped up around it, at all. In fact, earlier this year, […]
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Production setbacks, car crashes and wary analysts have put the Tesla faithful on alert. While a few key levels are holding the stock together, any more pain might push investors to their breaking point, according to one market watcher. “It has two key support levels that we’re watching,” Matt Maley, equity strategist at Miller Tabak, […]
Read moreDaniel Pinto has seen his share of booms and busts. An Argentinean who spent much of his early career in volatile emerging markets, Pinto, 55, began at J.P. Morgan Chase in 1983 as a currency trader in Buenos Aires. Thanks to his ability to manage risk in a series of roles, Pinto has climbed the […]
Read moreClosely followed trader Art Cashin said that he won’t be too worried about the stock market’s move lower Tuesday as long as the S&P 500 doesn’t break a certain level. “For now, we’ll call it a consolidation until it begins to worsen,” Cashin, UBS director of floor operations at the New York Stock Exchange, said […]
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A turbulent bond market sell-off on Tuesday sent interest rates to new multiyear highs, and signals the potential for a new trend that will push borrowing costs even higher on a wide range of business and consumer loans and mortgages. The selling was sparked by stronger economic data, but the market has been itching for […]
Read moreIn a year where the market has been trying to find a direction, investors have been largely looking the wrong way. Two of the most crowded trades, low beta and high dividend yield, have been major losers, according to Bank of America Merrill Lynch. The high-yield strategy has netted a 3.6 percent loss heading into […]
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A weak sales performance in its recent quarter has Home Depot under pressure, but one technician says to buy here for its likely breakout. “This weakness is occurring above support and within HD’s turnaround, and we therefore see an opportunity to buy shares,” Ari Wald, head of technical analysis at Oppenheimer, said in an email […]
Read moreScotts Miracle-Gro’s stock will rally as the company’s hydroponics businesses benefit from rising legal marijuana use, according to one Wall Street firm. Hydroponics is the process of growing plants in liquids without the use of soil and is a popular method for cultivating marijuana. SunTrust Robinson Humphrey raised its rating to buy from hold for […]
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