What a difference a year makes. Last December, investors piled into bank stocks after the Trump administration’s corporate tax cuts added billions of dollars to earnings estimates for 2018. Rising interest rates, low loan losses and easing regulations were other reasons the sector was supposed to outperform this year. Now analysts have begun to lose
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Jonathan Bush, founder and former CEO of health information technology Athenahealth, defended himself in an interview with CNBC on Wednesday and blasted Elliott Management, the activist investment firm that took a stake in his company and eventually bought it after Bush stepped down from the company. “My experience is running a company with a gun
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Check out the companies making headlines after the bell: American Eagle shares fell more than 6 percent after the market-close Tuesday. The clothing brand missed revenue estimates revenue, reporting $1 billion while analysts expected $1.02 billion. It met earnings projections at 48 cents a share. It also reported 8 percent growth in comparative sales, while
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In this market, investors should opt for individual stocks instead of exchange-traded funds, which often lump together shares of companies with conflicting trajectories, CNBC’s Jim Cramer said Tuesday after a turbulent trading session. Using the technology sector as an example, the “Mad Money” host outlined the crosscurrents making the group particularly “complicated.” Apple’s stock has
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Too many different regulations are hampering companies’ ability to deal with cyberattacks, said Goldman Sachs‘ chief information security officer Tuesday. “What’s frustrating for me is how much of my time, my team’s time and my resources are spent on having to answer a never-ending stream of regulator requests,” said Andy Ozment. “In my mind, it’s
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Check out the companies making headlines after the bell: Shares of Stitch Fix jumped 10 percent after reporting first-quarter earnings of 10 cents per share, topping the 3 cents per share analysts expected. The online subscription service reported $366 million versus $358 million expected by analysts. Stitch Fix reported active clients missed expectations, saying it
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For investors scouring the increasingly volatile stock market in search of good investments, CNBC’s Jim Cramer suggested an under-the-radar name on Monday: Zuora Inc. “[CEO] Tien Tzuo delivered a good number,” in late November, Cramer, host of “Mad Money,” told a lightning round caller. “It’s just that this stock is just violently out of favor.”
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Constellation Brands’s relatively healthy revenue growth in the U.S. beer market, paired with strong profitability and a new investment in cannabis makes the stock one of Cowen’s top stock picks heading into 2019. Since the Corona maker first announced its $4 billion investment in Canopy Growth, shares have fallen almost 15 percent, providing savvy investors
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Google just revealed its vision for a massive development in its home city of Mountain View, California, outlining plans for a combination of office, retail, public and residential space. The documents, published late Friday, center on the North Bayshore area of Mountain View, and include 3.12 million square feet of new and redeveloped offices, up
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“Create a home inventory.” It’s one of those to-do list items personal finance journalists (me included) often recommend, yet everyone tends to put off (also me). Polls from the Insurance Information Institute estimate roughly half of homeowners have a home inventory, a rate that hasn’t budged much over time. That’s not too surprising. Ignorance seems
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Russell Investments’ Doug Gordon is optimistic stocks will find a floor — just not until next year. Gordon, a senior portfolio manager on the firm’s technical asset allocation strategies team, blames uncertainty surrounding the U.S.-China trade war and Federal Reserve policy for the violent market swings. “The first and fundamental question: Is this a correction
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