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Month: November 2019
Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America decided to move up an increase in the company’s minimum to early 2020 from 2021. The company announced Monday that its workers will earn a minimum of $20 per hour starting by the end of next year’s first quarter. Bank of America’s
Pedestrians walk past a Shake Shack location in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shake Shack shares tumbled more than 14% during extended trading after the burger chain reported a third-quarter earnings beat but weaker-than-expected same-store sales. The company posted earnings of 26 cents per share,
U.S. equities are rallying to fresh record highs on Monday thanks, yet again, to positive China trade headlines right before the open. The focus is shifting from whether a deal actually gets done — as well as specifics around thorny issues like intellectual property protection — to where President Donald Trump would like to get
The case for Gilead Sciences (NASDAQ:GILD) stock seems easy enough to make. Gilead stock is one of the cheapest names in the S&P 500, at roughly 9x Wall Street profit estimates for 2019. Source: Shutterstock A dividend yield at 4% adds income to the attractive valuation. But the case against GILD stock is just as
It has been a dramatic few months for investors in the so-called tech unicorn stocks. Originally, a unicorn was a privately held tech company that had achieved at least a $1 billion valuation in its latest funding round. Over the past year or so, many of these unicorns are shedding the private part of the
We had new all-time highs in the stock market today. On Monday, the S&P 500 hit another new high, just like it did in four out of five sessions last week. Last week was interesting though. We had a better-than-expected jobs report on Friday, an interest rate cut from the Federal Reserve on Wednesday and
If you think that things are acting without any order or sense, you need to watch this video. I’ll tell you why stocks sell-off even if earnings are great. And sometimes, stocks have horrible earnings, but it goes to the upside. Let’s see why that is the case. #selloffstock #stockearnings #stocks #greatearnings #stockmarket #topstock Posted
Billionaire investor Leon Cooperman teared up on Monday as he discussed the political divide in the U.S. and his concerns about the American dream. “I care,” the hedge-fund manager answered on CNBC’s “Halftime Report,” tearing up after CNBC’s Scott Wapner asked why he has been so vocal about the 2020 election. Cooperman’s response came in
The Under Armour logo is displayed at T & B Sports in San Rafael, California. Getty Images Check out the companies making headlines midday Monday: Under Armour — Under Armour shares cratered more than 15% after the apparel maker disclosed a federal probe into its accounting practices. The investigation has been ongoing since July 2017.
You’ve probably heard by now. On the back of a strong earnings season, global trade optimism and supportive central bank policy, the stock market has surged to all-time highs in October. Specifically, the S&P 500 notched an all-time high of 3,050 on Oct. 30, up an impressive 22% year-to-date. But, this surge to all-time highs
Walgreens Boots Alliance (NYSE:WBA), is on the wrong path, and it’s starting to show in the Walgreens stock price. Source: Shutterstock WBA announced its fourth-quarter earnings on Oct. 28. While the results beat estimates, they weren’t great. Earnings of $677 million, 75 cents per share, on revenue of $34 billion were half the $1.5 billion,
Stocks have taken a pause to reflect on some economic numbers and earnings. It seems investors are caught between optimism for what the fourth quarter holds for consumers and the rising risk that the U.S. isn’t immune from the global slowdown. There are plenty of ways to argue both for and against a strong Q4,
U.S. stock futures are galloping higher in a continuation of last week’s breakout to record highs. With resistance now finally felled, buyers are in full control and a run into year-end appears likely. Source: Shutterstock In early morning trading, futures on the Dow Jones Industrial Average are up 0.57% and S&P 500 futures are higher
Crude oil is the world’s most liquid and closely watched commodities. The energy that continues to power the world is a barometer for the health and wellbeing of the global economy. Economic growth leads to increased demand and a higher price, while contraction can weigh on requirements and prices. Therefore, macro-economic factors contribute to the
A button for launching the Netflix application is seen on a remote control in this photo illustration in Warsaw, Poland on April 25, 2019. Jaap Arriens | NurPhoto | Getty Images Netflix needs a cheaper streaming option to survive the streaming wars, according to Needham. The firm said the streaming platform needs advertising dollars to
Tim Cook, CEO of Apple laughs while Lana Del Rey (with iPad) takes a photo during a launch event at the Brooklyn Academy of Music on October 30, 2018 in New York City. Stephanie Keith | Getty Images Check out the companies making headlines in midday trading: Apple – Shares of Apple rose 1.9% after
Last week, the U.S. Department of Defense awarded Microsoft (NASDAQ:MSFT) the coveted $10 billion Joint Enterprise Defense Infrastructure (JEDI) cloud services contract. MSFT stock got a nice boost from the headline. Source: Pit Stock / Shutterstock.com Most of the world was shocked the contract didn’t go to early favorite Amazon (NASDAQ:AMZN). However, I saw this
Markets were not impressed when Shopify (NYSE:SHOP) reported third quarter 2019 results on Oct. 29. Without doubt, there are positives in Q3 results. Revenue growth was robust at 45%, monthly recurring revenue continues to trend higher and gross merchandise volumes also swelled. However, SHOP stock seems to have moved way ahead of fundamentals. Source: Beyond
Investors were tipping toward a “risk-off” position in the stock market today. Conflicting reports about the trade agreement, impeachment concerns and economic worries pushed stocks down Thursday. All said, the SPDR S&P 500 ETF (NYSEARCA:SPY) slipped 0.27%, the SPDR Dow Jones Industrial Average (NYSEARCA:DIA) fell 0.5% and the PowerShares QQQ ETF (NASDAQ:QQQ) eked out a