Costco is at all-time highs, Target is within reach of its best levels of the year, but Walmart has been left in the dust. The original big-box retailer sits in a bear market after punishing sell-offs this year. Some say the stock is a no-touch. “Stay away from it. I think it’s dead money,” David […]
Read moreShares of Papa John’s cratered on Wednesday after a report surfaced alleging that founder John Schnatter used a racially charged slur during a conference call in May. According to a report by Forbes, Schnatter was on a call with marketing agency Laundry Service when he tried to downplay comments he made about the National Football […]
Read moreRestoration Hardware, Williams-Sonoma and other U.S. furniture manufacturers that import sofas, tables and other goods from China could take a hit in the Trump administration’s latest round of tariffs released Tuesday, according to Goldman Sachs. The White House on Tuesday released a list of tariffs on $200 billion in imports that could hit U.S. manufacturers […]
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TradingAnalysis.com founder Todd Gordon said that the market is potentially on the verge of a major move out of a consolidation phase, and there’s one sector that he sees breaking out. Of the 11 sectors of the S&P 500, Gordon believes consumer discretionary is set to rally along with the broader market. The chart-minded trader […]
Read morePfizer‘s announced reorganization could lead to an eventual spin off of its consumer health-care business, CNBC’s Jim Cramer said on Wednesday. The drug giant said it would reorganize into three units: Innovative Medicines, Established Medicines, and Consumer Healthcare, which it had been trying to sell since last year. The changes take effect at the start […]
Read moreShares of American Airlines tumbled more than 5 percent Wednesday after the world’s largest carrier trimmed its outlook for second-quarter revenue growth. Revenue for each seat it flies a mile, a key revenue metric, likely grew 1 percent to 3 percent in the three months ended in June, down from a previous forecast of 1.5 […]
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Semiconductor stocks headed lower Wednesday after the White House released a new list of tariffs on $200 billion of Chinese goods on Tuesday evening, as President Donald Trump continued to broaden the trade war with Beijing. Nvidia, Advanced Micro Devices and Broadcom were among those falling more than 1 percent in premarket trading. Each company […]
Read moreYou could say the recent run in airline stocks has been turbulent at best. Shares of Southwest, American Airlines, JetBlue and United fell Tuesday, with Delta the only name in the S&P 500’s airline industry group to close the day positive. So far this year, the sector has largely fallen out of favor; Southwest, Alaska, […]
Read moreInvesco market watcher Kristina Hooper believes Wall Street should brace for trouble. “We could see another about 10 percent sell-off, and it could happen relatively quickly or it could be a bit more gradual this time – sort of death by a thousand slashes potentially this fall,” the firm’s chief global market strategist said Tuesday […]
Read moreThree of the big Wall Street banks report quarterly earnings at the tail end of this week. For investors looking ahead to Citigroup, Wells Fargo and J.P. Morgan Chase earnings on Friday morning, the options market appears to be saying, “Nothing to see here.” Stacey Gilbert, head of derivative strategy at Susquehanna, explained Tuesday on […]
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