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 /
In the last month, United States Steel (NYSE:X) stock has surged 30% already-from oversold levels. Still, the stock still remains underwater, down 27% year to date. That 2019 performance pales in comparison to the 4.7% year-to-date gain in the VanEck Vectors Steel ETF (NYSEArca:SLX), which holds 27 steel and related peers of U.S. Steel stock.
U.S. equities hemmed and hawed on Friday and ultimately, went nowhere. It was a quiet session in the stock market today, as equities took a breather. Record high after record high this week left bulls exhausted, but not without fight. The S&P 500 moved higher by 26 basis points. The Dow Jones Industial Average ended the day
Chief executive officer and chairman of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing the opening bell at the New York Stock Exchange (NYSE), November 27, 2017 in New York City. Getty Images Disney shares jumped Friday as excitement around the media giant’s streaming service overshadowed a sharp profit decline
TORONTO, ONTARIO, CANADA – 2015/05/13: Red Disney signage inside a shopping mall, placed near the ceiling, close to light tracks. (Photo by Roberto Machado Noa/LightRocket via Getty Images) Roberto Machado Noa | LightRocket | Getty Images Check out the companies making headlines in midday trading: Walt Disney — Disney shares rallied 3.7% in midday trading after it
All stocks correct. It’s also a fact that growth stocks come and go. But sometimes Wall Street’s cautious dismissal of future prospects can lead to big-time profits. And right now Abiomed (NASDAQ:ABMD), Ulta Beauty Salon (NASDAQ:ULTA) and Baidu (ADR) (NASDAQ:BIDU) are three former dearly-held companies that maintain growth stock potential and bottoms ready for purchase.
Give credit where credit is due. I’ve had more than my share of worries about Intel (NASDAQ:INTC) this year, but thanks to a third-quarter earnings report last month that impressed investors, Intel stock has rallied nicely. Source: Sundry Photography / Shutterstock.com And the gains are deserved. From a fundamental perspective, Intel’s Q3 was impressive. Headline
Excluding a stellar post-earnings move by Disney (NYSE:DIS), there wasn’t much to write home about today for the Dow Jones Industrial Average. Today, the Dow Jones added just 0.02%, as President Trump made some comments that were interpreted as meaning a trade deal between the U.S. and China isn’t as close as previously expected. Source:
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters The massive rotation into value stocks that rocked investors two months ago is going to extend into 2020, according to J.P. Morgan’s quant guru Marko Kolanovic. The quant, whose reports have moved markets in the past, predicted rotation, going so