PNC Financial’s Amanda Agati is on alert. With the major indexes on the cusp of their second positive month in a row, the firm’s chief investment strategist believes stocks are getting too expensive, and the historic rebound may soon hit a breaking point. “The market is getting pretty far ahead of itself,” she told CNBC’s
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People walk by a Dollar Tree store on December 11, 2018 in the Brooklyn borough of New York City. Spencer Platt | Getty Images News | Getty Images Here are the companies making headlines in midday trading: HP Inc. — Shares of the tech company plunged more than 11% after it reported lower-than-expected revenue for
Take a look at some of the biggest movers in the premarket: Abercrombie & Fitch (ANF) – The apparel retailer lost $3.29 per share for its latest quarter, wider than the loss of $1.39 per share anticipated by analysts. Revenue was also below forecasts, with sales impacted by pandemic-related closures. Dollar General (DG) – The
A major market shift is forming as the economy begins to reopen: Value stocks are gaining popularity over growth names, including technology. But according to Oppenheimer Asset Management’s John Stoltzfus, that doesn’t mean the winners will automatically become losers. The market bull sees technology as a vital part of the economic fight to function amid
Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on March 20, 2020. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Nordstrom – Shares of the retailer surged more than 12%, making it the top-performing stock in the S&P 500,
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York City, November 21, 2019. Lucas Jackson | Reuters This is a live blog. Please check back for updates. 7:45 am: EU announces plan for 750 billion euro recovery fund as pandemic wreaks havoc on economies The
An empty road leads into a deserted Disney resort after it was closed due to the COVID-19 pandemic in Kissimmee, Florida on May 5, 2020. Daniel Slim | AFP | Getty Images Check out the companies making headlines after the bell. Tractor Supply Company — The farm supplies retailer’s stock shot up 7% in extended
Southwest Airlines Boeing 737 MAX aircraft are parked on the tarmac after being grounded, at the Southern California Logistics Airport in Victorville, California on March 28, 2019. Mark Ralston | AFP | Getty Images Check out the companies making headlines in midday trading. United, American, Delta, Southwest — Airlines, which are positioned to benefit from the economy reopening,
Invesco’s Kristina Hooper warns the coronavirus is not the biggest threat to the market. She sees flaring U.S.-China trade tensions potentially doing the most harm to stocks. “The pandemic has largely been isolated and neutralized because of all the monetary policy support that the Fed has provided,” she told CNBC’s “Trading Nation” on Friday. “That
The New York Stock Exchange (NYSE) stands in lower Manhattan on May 18, 2020 in New York City. Markets surged today as promising details of a potential COVID-19 vaccine were released and more European countries gradually re-opened after months of lockdown. Spencer Platt | Getty Images Stocks futures opened higher in overnight trading Monday to