Month: August 2018

Every investor makes mistakes, even the Oracle of Omaha, Warren Buffett. That’s the investing wisdom Michael Batnick wants to impart. Batnick, director of research at Ritholtz Wealth Management and author of “Big Mistakes: The Best Investors and Their Worst Investments,” has pinpointed three of the most prevalent and perilous mistakes every investor has made. One
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Shares of Big Lots plunged in premarket trading Friday after the discount retailer reported second-quarter earnings that fell short of Wall Street expectations. The company’s stock dropped more than 10 percent before the opening bell, set to add to its 14.7 percent decline so far this year. The Columbus, Ohio-based company reported quarterly net income
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Check out the companies making headlines after the bell: American Outdoor Brands shares skyrocketed 20 percent in the extended session after a first-quarter earnings beat. The Smith & Wesson parent company earned 21 cents per share for the quarter, up 9 cents from Wall Street’s expectations of 12 cents per share. It also beat estimates
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Hong Kong’s burgeoning financial links with China hold enormous opportunities — but they carry risks for its banking sector as well. Compared to Hong Kong’s, mainland China’s financial regulatory regime can be less transparent. So, as financial institutions from the mainland increasingly operate in the semi-autonomous financial hub, potential business partners need to be aware
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Dollar General‘s quarterly same-store sales topped analysts’ estimates on Thursday as more customers shopped for apparel and groceries at the discount store chain. Same-store sales rose 3.7 percent in the three months ended Aug. 3, above the 2.83 percent increase estimated by analysts on average, according to Thomson Reuters I/B/E/S. The company’s net income rose
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Check out the companies making headlines after the bell: Guess shares rose more than 11 percent during after-hours trading following an earnings beat for the second quarter. The clothing brand earned 36 cents per share, 4 cents higher than analysts’ estimates of 32 cents. The company also issued strong revenue guidance despite missing estimates on
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Just because your brokerage firm is offering free trades, it doesn’t mean you should wager your nest egg on your trading capabilities. This week, J.P. Morgan Chase debuted You Invest, a brokerage service that gives clients access to free or discounted trades. Individuals who already use the company’s mobile banking app or website are entitled
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Lululemon shares will rise because of its successful new product lineup, according to Credit Suisse. The firm reiterated its outperform rating for Lululemon shares, predicting the retailer will report sales above expectations in its second quarter. Strong product momentum and digital improvements should boost same store sales, analyst Michael Binetti said in a note to
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Odell Beckham Jr. of the New York Giants has signed a five-year contract extension, reportedly for $95 million, making him the highest-paid wide-receiver in NFL history. The deal has an initial value of $90 million, with an additional $5 million available through incentives, with the contract including $65 million guaranteed even covering injuries. According to
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Check out the companies making headlines after the bell: H&R Block shares rose 4.5 percent during after-hours trading following better-than-expected earnings for its first quarter, but subsequently erased those gains. The tax preparation company reported first-quarter consolidated losses of 74 cents per share and revenues of $145.2 million, according to Reuters. Wall Street predicted losses
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Box shares dropped as much as 6 percent after the company reported earnings for the second quarter of its 2019 fiscal year and offered slightly weak guidance for the third quarter. Here’s how Box did in its second quarter, which ended July 31: Earnings: Loss of 5 cents per share, excluding certain items, vs. loss
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