Costco shares tumbled over the summer on worries the Amazon and Whole Foods Market merger will hurt the retailer’s business. But one Wall Street firm says the retailer’s e-commerce growth will be a catalyst to lift the stock to new heights. BMO Capital Markets raised its rating for Costco shares to outperform from market perform, […]
Read moreIt’s beginning to look a lot like Christmas, and FedEx could be about to deliver big profits for investors. The stock has been on a record run this year, tracking for its best annual performance since 2013. The rally could continue thanks to three things that are moving right now, according to Boris Schlossberg, managing […]
Read moreCheck out which companies are making headlines before the bell: Procter & Gamble — The consumer products giant appointed Nelson Peltz to its board of directors following a high profile proxy fight. The company said it held discussions with Peltz about a board seat because the shareholder vote was very close and that a large […]
Read moreA year during which the market exceeded all expectations ends not with investors backing off but rather with them throwing caution to the wind. The trend was particularly prevalent among those who prefer index funds, as ETFs saw their second-biggest week of inflows ever at $31.4 billion, according to fund flow data from Bank of […]
Read moreFitbit won’t be profitable and will continue to burn through cash next year, Stifel said as it downgraded the company’s stock to a sell rating. The company that once ignited a boom in fitness trackers hasn’t innovated enough to keep consumers interested, Stifel wrote. Plus, it said Fitbit hasn’t unlocked any meaningful business in the […]
Read moreThe hot FANG stocks are not likely to continue their strong outperformance in 2018, and investors should look to overweight other technology names and value stocks, according to FundStrat. FundStrat founder Tom Lee says the group could be challenged by the Federal Communication Commission’s decision this week to do away with Obama-era net neutrality rules […]
Read more
A leading indicator for stocks just entered a death cross, but the traditionally ominous signal might not be as scary as it’s cracked up to be. The high-yield corporate bond ETF, the HYG, has fallen 2 percent from its 52-week high, with its short-term 50-day moving average crossing below its long-term 200-day moving average (the […]
Read more
The first week of Cboe’s bitcoin futures trading was relatively stable, except for a sudden drop Wednesday afternoon. It turns out that was the same day one of the largest brokerages trading the futures, Interactive Brokers, began allowing clients to short, or bet against, the futures. “The introduction of short sales was necessitated by the […]
Read moreTraders are making bullish bets using options on Mircon, Red Hat and Paychex ahead of earnings next week. Chipmaker Micron reports earnings on Tuesday after the bell. In the past week investors have bought more than 11,000 calls with a December 48 strike price in Micron, according to Jon Najarian, Najarian Family Office co-founder and […]
Read moreCNBC’s Jim Cramer questioned Friday whether Republicans would be able to pass their tax overhaul bill this year — or if concerns from within the party about the legislation would cause them to fall short, like in their attempt to repeal Obamacare. Cramer spoke just hours before GOP leaders on Capitol Hill were expected to […]
Read more