Oil ministers meet in early December Russia is an influential factor Saudi Arabia has a particular reason to increase production cuts Bullish and bearish factors continue to pull the price of crude oil in opposite directions these days. The crude oil market has changed dramatically over the past years. The United States has moved towards
Month: November 2019
Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on October 3, 2019 in New York City. Drew Angerer | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.)
Job seekers wait in line to enter a job fair hosted by JobExpo.com in Dallas. Ben Torres | Bloomberg | Getty Images Weekly jobless claims have been so steady, they aren’t on many investors’ radar as a major report. But if this number suddenly started rising, that’s when it’s time to worry about the economy
Behind most great companies and their stocks is an all-star management team that keeps calling the right shots. As investors, we tend to forget this. We get caught up in the quarterly earnings reports, the stock price movements, the headline announcement, so on and so forth. We often forget the people running the show. But,
Rite Aid (NYSE:RAD) has been a slow-motion train wreck for years. Since its highs of $173 in early 2017 to its less than stellar lows of $5.50, investors have left RAD stock for dead. Source: NYCStock / Shutterstock.com And, it’s all thanks to heavy competition that sent revenue streams plummeting, taking with it margins and
It was a triple-whammy on Thursday, with investors waking up to a gap-up open in the stock market today. It took The Dow Jones Industrial Average, Nasdaq Composite and S&P 500 to new all-time highs, as the bulls continue to flex their muscles. Initially, stocks surged near the open, pushing higher as China and the
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Firefighters battle a wind driven wildfire in the hills of Canyon Country north of Los Angeles, California, U.S. October 24, 2019. Gene Blevins | Reuters California’s biggest utilities aren’t the only U.S. companies grappling with the increased force and frequency of wildfires. The number of S&P 500 firms flagging “wildfire” as a potential risk factor
Check out the companies making headlines before the bell: AmerisourceBergen (ABC) – The drug distributor beat estimates by 3 cents a share, with quarterly profit of $1.61 per share. Revenue beat estimates as well. The company took a $50.9 million charge related to the recent opioid settlement with two Ohio counties. Cardinal Health (CAH) –
InvestorPlace’s Mark Hake recently stated that Cronos (NASDAQ:CRON), which is down more than 67% from its 52-week high of $25.10, is severely overvalued, arguing that CRON stock is by far the most expensive of its Canadian cannabis peers with an enterprise value 58 times sales. Source: Shutterstock That’s fair enough. But before you write off
Beyond Meat (NASDAQ:BYND) stock is down over 60% from July. After its initial public offering (IPO) on May 2, BNYB stock price exploded to a peak of $234.90. Even with the steep plunge, BNYD stock is still up over 20% from its May 2 closing price. Source: Shutterstock But the party may be ending for
U.S. stocks keep cruising higher. All three broad market indices closed Thursday at all-time highs. It’s not hard to see why. Source: Shutterstock Earnings season impressed, with Disney (NYSE:DIS) the latest major company to deliver an impressive report. Trade war negotiations are heading in the right direction. The “risk-on” trade has returned, as lower-risk treasuries
Jeff Bezos CEO of Amazon. Joe Klamar | AFP | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) The Dow, S&P 500 and Nasdaq all hit all time record-highs this week and if investors are looking at what
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Check out the companies making headlines in midday trading: Roku — Stock of the streaming device maker sank 10% in midday trading after it broke its streak of topping profit expectations. Roku reported a third-quarter loss of 22 cents per
Shares of e-commerce marketplace eBay (NASDAQ:EBAY) started off 2019 with a bang, as revenue and margin trends at the company materially improved behind new growth initiatives and disciplined cost control. Through the end of July, eBay stock was up about 45% year-to-date. Source: ShutterStockStudio / Shutterstock.com Then, the bad news started to roll in. First,
For those who want to gamble on social media firm Snap (NYSE:SNAP), I can appreciate where they’re coming from. Since the start of January, the SNAP stock price has jumped nearly 162%. That easily trumps the year-to-date performances of rivals Facebook (NASDAQ:FB) and Twitter (NYSE:TWTR). Still, I’d consider pocketing some profits if you’re in the
U.S. stock futures are pointing toward a quiet open this morning. Ahead of the bell, futures on the Dow Jones Industrial Average are down 0.01% and S&P 500 futures are lower by 0.12%. Nasdaq Composite futures have lost 0.19%. Source: Shutterstock The bullish backdrop for equities continues to fuel call volume in the options pits.
Nike Lunar Flyknit HTM Milano Source: Farfetch (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) Here are some of the best analyst calls on Wall Street this week: Morgan Stanley- Nike, Overweight rating Morgan Stanley said it is “cautious” about the
Check out the companies making headlines before the bell: Walt Disney (DIS) – Disney reported quarterly earnings of $1.07 per share, 12 cents a share above estimates. Revenue also beat forecasts, boosted by a 52% increase in studio entertainment revenue amid a strong movie box office performance. Booking Holdings (BKNG) – Booking Holdings earned $45.36
It’s been a rough past 12 months for shares of payments processor Square (NYSE:SQ), as slowing growth trends coupled with competition and valuation concerns have caused SQ stock to plunge from an all-time high price tag of $100 back in late September 2018, to a $50 price tag in late September 2019. Source: IgorGolovniov /
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