An employee rings up a customer’s merchandise at The Container Store in Chicago, Illinois. Scott Olson | Getty Images There’s a group of stocks that tend to rise or fall dramatically following their earnings report. Bespoke Investment Group analyzed the most volatile names on earnings, looking at companies that have been publicly traded for at
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A man cleans a PW1000G geared turbofan engine developed by MTU Aero Engines AG and Pratt & Whitney, a unit of United Technologies Corp., at the Singapore Airshow held at the Changi Exhibition Centre in Singapore. Brent Lewin | Bloomberg | Getty Images The Dow Jones Industrial Average reached 27,000 for the first time ever
The stock market has been hitting all kinds of records this week, and Wharton School professor Jeremy Siegel told CNBC on Friday that he does not see that stopping anytime soon. “I think fair market value does give us another 5% or 6% this year” on the S&P 500 with the Federal Reserve signalling interest
James Gorman, chief executive officer of Morgan Stanley. Michael Nagle | Bloomberg | Getty Images Here are the biggest calls on Wall Street on Friday: Citi upgraded Morgan Stanley to ‘buy’ from ‘neutral’ Citi said that Morgan Stanley‘s upcoming earnings may be “difficult,” but it likes the firm’s “limited rate exposure.” “While 2Q19 is expected
Evan Spiegel, CEO and co-founder of Snap Inc. Adam Galica | CNBC Shares of Snapchat parent company Snap rose on Thursday after Bank of America said a recent spike in app downloads will drive better revenue results for the company’s upcoming second-quarter earnings. “In May, Snap’s ‘gender-face-swap’ filter went viral and SnapKit app ‘Yolo’ reached
Shoppers browse the aisles during a Black Friday sale at a Target store, Friday, Nov. 23, 2018, in Newport, Ky. John Minchillo | AP Here are the biggest calls on Wall Street on Thursday: Goldman Sachs initiated Target, Walmart, Costco, Home Depot & Lowe’s as ‘buy’ & adds Target to the ‘conviction buy’ list Goldman
Delivery trucks sit parked at loading docks outside the Fastenal Co. distribution center in Jessup, Pennsylvania. Luke Sharrett | Bloomberg | Getty Images For those who don’t see the trade war with China hurting U.S. business, a big industrial with a $17 billion market value just sounded the alarm on tariffs costs and related inflation.
Customers shop at a Target store in Seattle, Washington. David Ryder | Bloomberg | Getty Images In a world of retail “winners and losers” Goldman Sachs is betting on big-box retailers it feels will shoot up over the next year. The firm recommends Target, Costco, Home Depot and Walmart among others because of their strong
2020 Democratic presidential candidate and U.S. Rep. Alexandria Ocasio-Cortez (D-NY), speaks at the 2019 National Action Network National Convention in New York, April 5, 2019. Lucas Jackson | Reuters National Economic Council Director Larry Kudlow praised Democratic Rep. Alexandria Ocasio-Cortez on Thursday after the left-wing lawmaker urged Federal Reserve Chair Jerome Powell to keep monetary
The stock market is concerned about the economic views of far-left Democratic presidential candidates, Wall Street veteran Byron Wien told CNBC on Thursday. “The market is afraid of the more progressive Democratic candidates” who are promoting higher taxes on the rich and ambitious climate change goals, said Wien, vice chairman of private wealth solutions at