Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 27, 2018. Eduardo Munoz | Reuters Check out the companies making headlines midday Monday: Boston Beer — Shares of Boston Beer rose 2% after Guggenheim raised its price target to $462 from $449 per share, citing strong growth
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The New York Federal Reserve building in New York. Scott Eells | Bloomberg | Getty Images The Federal Reserve has calmed the overnight funding market and brought its fed funds rate back in line with its target. But the question is how long will the Fed have to remain engaged, following the third day of special
Customers wait in line to check-out at a Costco Wholesale Corp. store in San Francisco in December 2018. Bloomberg | Bloomberg | Getty Images Check out the companies making headlines in midday trading: Microsoft – Shares of the technology giant rose 1.6% after the company announced a new $40 billion in share buybacks, as well as
Check out the companies making headlines before the bell: Texas Instruments – Texas Instruments raised its quarterly dividend by 17%. The chipmaker will now pay 90 cents per share, up from the prior 77 cents a share, with the next dividend payable November 18 to stockholders of record on October 31. Beyond Meat — Beyond Meat
A group of multi-colored lifts at United Rentals. GordonChibroski | Portland Press Herald | Getty Images Check out the companies making headlines in midday trading: United Rentals — Shares of United Rentals rose 3% following an upgrade to buy from neutral from Goldman Sachs. The brokerage said U.S. construction equipment supply has peaked and rental rates
Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 19, 2019 in New York City. Drew Angerer | Getty Images Developments in U.S.-Chinese trade talks and the comments from a host of Fed speakers could be important for markets in the week ahead,
A tag hangs from a Steelcase London Ltd. desk chair in the former offices of Duff Capital Advisors LP in Greenwich, Connecticut. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Steelcase jumped nearly 4% during extended trading after the company reported second-quarter earnings in what CEO
Check out the companies making headlines before the bell: Darden Restaurants – The parent of Olive Garden and other restaurant chains reported adjusted quarterly profit of $1.38 per share, a penny a share above estimates. Revenue came in just below forecasts. Comparable-restaurant sales were up 0.9%, shy of the 1.3% increase forecast by analysts surveyed
People walk past an AT&T store in New York on October 23, 2016. Kena Betancur | AFP |Getty Images Check out the companies making headlines after the bell: AT&T shares climbed more than 2% in extended trading following a Wall Street Journal report that the company is exploring a spinoff of DirectTV unit as its
Check out the companies making headlines before the bell: General Mills – The food producer beat estimates by 2 cents a share, with adjusted quarterly profit of 79 cents per share. Revenue came in short of forecasts, however. General Mills said it saw improvement in North American retail sales and in its pet unit, although
US Federal Reserve Chairman Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington, DC on July 31, 2019. Andrew Caballero-Reynolds | AFP | Getty Images The Fed is expected to cut interest rates for the second time in a decade Wednesday, but Fed Chairman Jerome Powell is unlikely
Brendan McDermid | Reuters Check out the companies making headlines midday Monday: Devon Energy, Marathon Oil, Exxon Mobil, Chevron — Energy stocks surged after a drone strike attack wiped out about half of Saudi Arabia’s daily crude production. The attack sent oil prices skyrocketing more than 11% while the broader stock market fell. Devon and
Marko Kolanovic Crystal Mercedes | CNBC J.P. Morgan’s chief quant says oil prices won’t hurt stock prices until they hit the $80 to $85 per barrel range. Marko Kolanovic, global head of macro quantitative and derivatives strategy, said when oil prices are stable, oil correlates positively with the S&P 500, but when there are large
Construction machinery of the US producer Caterpillar can be seen at the BLG Logistics Group Car Terminal, ready for shipping in Bremerhaven, Germany, 12 June 2017. Photo: Ingo Wagner/dpa (Photo by Ingo Wagner/picture alliance via Getty Images) Ingo Wagner | picture alliance | Getty Images Check out the companies making headlines in midday trading: Caterpillar,
Check out the companies making headlines before the bell: Oracle — Co-Chief Executive Officer Mark Hurd will be taking a health-related leave of absence, with his responsibilities covered by Co-Chief Executive Officer Safra Catz and Oracle founder Larry Ellison. The business software giant also released its quarterly earnings, with adjusted profit of 81 cents per
Strength in semiconductors and a whole host of other sleeper stocks is a telling sign that the market will not only make it to new highs but could remain in an uptrend, according to technical analysts. For a couple years, investors could simply look to the performance of the favorite FANG names — Facebook, Amazon,
Check out the companies making headlines in midday trading: Bank of America, Citigroup, J.P. Morgan Chase — Bank shares jumped along with Treasury yields as worries over a U.S. recession dissipated on the back of strong economic data. Bank of America rose 1.69%, J.P. Morgan both rose 1.9% while Citigroup gained 1.5%. The benchmark 10-year
Federal Reserve Chair Jerome Powell holds a news conference following the Federal Reserve’s two-day Federal Open Market Committee Meeting in Washington, July 31, 2019. Sarah Silbiger | Reuters The Federal Reserve is expected to cut interest rates by a quarter point on Wednesday, but what it says about its future plans will determine whether stocks
Check out the companies making headlines before the bell: Apple — Goldman Sachs lowered its price target for Apple shares to $165 per share from $187 a share, saying that accounting for a planned Apple TV+ free trial is likely to have a material negative impact on average selling prices. Broadcom – Broadcom reported adjusted
andresr | E+ | Getty Images Friday’s August retail sales report is the last big economic report before the Fed begins its two-day meeting Tuesday, and it could be muddied by the Amazon Prime Day promotions that sent July sales sharply higher. Economists expect a gain of just 0.2%, after a much better than expected