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
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TOPSHOT – A vehicle passes an anti-Brexit pro-Irish unity billboard seen from the Dublin road in Newry, Northern Ireland, on October 1, 2019 on the border between Newry in Northern Ireland and Dundalk in the Irish Republic. – Britain will give the EU new proposals for a Brexit deal “shortly”, Prime Minister Boris Johnson said
Metal worker Andy Mattingly operates a siphoning crucible in the pot room at Century Aluminum Company in Hawesville, Kentucky, May 14, 2019. Bryan Woolston | Reuters An update on manufacturing activity Friday could provide a much more useful picture of the economy than the October employment report, which is expected to be unusually weak due
Shares of Etsy (NASDAQ:ETSY) plunged in late October after the specialty e-retailer reported mixed third-quarter numbers that included a lame fourth-quarter guide. The broad implication? The Etsy growth narrative is slowing, with the revenue growth trajectory flattening out and margins starting to come under pressure. Source: quietbits / Shutterstock.com Heading into the print, ETSY stock
Shares of action camera maker GoPro (NYSE:GPRO) printed a fresh all-time low in early October of $3.25 after the company reported that its new products, the HERO8 Black and HERO Max, would launch later than expected because of production delays. Since, GoPro stock has rebounded some to the $4 level as both cameras have already
An earnings season-driven rally for U.S. stocks came to an end on Thursday. The S&P 500 ended a streak of all-time closing highs, while the Dow Jones Industrial Average dropped half a percentage point despite a 2.3% rally in component Apple (NASDAQ:AAPL). Source: Shutterstock To be sure, modest declines in a single session don’t suggest
A Delta Air Lines jet taxis beyond parked Southwest Airlines planes at McCarran International Airport September 12, 2005 in Las Vegas, Nevada. Ethan Miller| Getty Images Here are the biggest calls on Wall Street on Friday: Citi initiated Delta Airlines & United Airlines as ‘buy’ Citi initiated several airline stocks and said it liked Delta’s