Check out the companies making headlines after the bell: Shares of Red Hat plummeted more than 11 percent in extended-hours trading, after the company reported better than expected first quarter earnings and revenue, but reported weak guidance. The software company earned 72 cents per share, beating analyst estimates of 69 cents per share. Red Hat
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It’s day 8 of the Crypto World Cup, and we have some of the biggest players facing off with one another. Charlie Lee will play against Vitalik Buterin in a nail-biting match. Plus, Charles Hoskinson, Apolo Ohno, Bill Barhydt, and Tiffany Hayden. You won’t want to miss it! If you don’t know them all yet,
Shutterstock My screen for possible undervalued stocks — what they sometimes describe on Wall Street as “cheap” — is finding 4 bank stocks that come in under stated book value and which trade for unusually low price/earnings ratio. There’s a lot more to consider when analyzing these types of situations, but those are the basic
2018 Getty Images Developer Larry SIlverstein at the opening of his 3 World Trade Center in New York City last week. This month, nearly 17 years after the 9/11 attacks and 10-years after breaking ground, Silverstein Properties opened the fourth of five office towers planned for the World Trade Center site. So far consulting firm
Square has a large untapped opportunity to offer more services to the restaurant industry, according to one Wall Street firm. Nomura Instinet reiterated its buy rating for Square shares, predicting the payment company’s new offering called “Square for Restaurants” will thrive. “The launch of Square for Restaurants marks Square’s entry into the $650-700bn U.S. restaurant
Winning: Argentinian president Mauricio Macri faced a huge backlash at home for bringing back the much-maligned IMF to his country. Wall Street kinda loves him for it. Photo by Neil Hall – Pool/Getty Images. What is going on? The Argentine peso is basically falling apart and on the cusp of hitting 30 pesos to the
Kroger shares soared Thursday on strong earnings, which were boosted by the company’s online investments and delivery services. Shares rose more than 9 percent, putting it on pace for its best day since Mar. 10, 2009. The largest U.S. supermarket chain said adjusted earnings were $626 million, up from adjusted earnings of $546 million in
(Photo by Charles Sykes/Invision/AP) If you knew with 100% certainty that an economic recession was coming, would you alter your long-term asset allocation? If your answer is yes, then proceed to the next question. If you knew that trying to time the market correctly is virtually impossible, would you try to do it anyway? If
A continued surge in corporate earnings will have only limited benefit for stock prices, which face multiple policy obstacles, according to Goldman Sachs. In fact, the bank’s strategists have raised their S&P 500 profits expectations through 2020, but do not expect the improved climate to have a meaningful impact on equity returns. “The US economy
Photo credit: VALERY HACHE/AFP/Getty Images Despite strong US corporate earnings, corporate debt supply is inching up to historical highs. As rates rise and profits start to cool, these debt burdens will start to pinch. At this point in the cycle, it’s time for investors to start thinking about downside scenarios and rationalizing their portfolio holdings.
He thought he was practicing — but the trades and the millions of dollars of windfall were real. Harouna Traore, who was taking a class in Paris to become a day trader, used a demonstration version of British brokerage firm Valbury Capital’s platform to learn how to trade equity futures last summer, according to the
The median home value in the United States has increased by $16,000 over the last 12 months, according to data released by Zillow. But home values are not the only items enjoying growth. Title insurance, a $15 billion industry, is also forecasted to continue growing through 2020. It’s clear more homeowners are electing to chose title insurance, and
CNBC’s Jim Cramer said Thursday he was “stunned” by news that Brian Krzanich had resigned as Intel chairman and CEO. However, the “Mad Money” host added he is confident that others can take charge at the tech company, which has seen its shares rise more than 54 percent over the past year. Krzanich “was a
Jim Rogers is the latest investing guru to venture away from active management by attaching his name to an exchange-traded fund. The Rogers AI Global Macro ETF (BIKR) launches Thursday in New York. It’s based on an index that tracks a model Rogers, 75, and his team at Ocean Capital Advisors have created using machine
Investors are rallying behind Darden Restaurants. Shares of the restaurant group surged more than 10 percent in early trading Thursday after the company posted better-than-expected fiscal fourth-quarter earnings, buoyed by strong sales at most of its restaurants, and raised its quarterly dividend. “Our solid fourth quarter results concluded another strong year of performance as we
Wall Street is buzzing over Micron’s surging profit growth and its better-than-expected sales forecast. Micron shares rose 4 percent at one point in early trading Thursday, a day after it reported better-than-expected fiscal third-quarter earnings and gave a fourth-quarter revenue guidance above consensus expectations. The stock closed up nearly 1 percent on Thursday. J.P. Morgan
Goldman Sachs upgraded Verizon and Charter Communications to buy from neutral, believing the broadband providers have been unfairly punished as other telecommunications giants pursue costly acquisitions. “We believe that broad underperformance across the sector has been driven by a few key factors, including concerns about fundamental headwinds, M&A uncertainty and rising interest rates,” the Goldman
An underlying trend may be insulating the market from a sustainable decline. Based on charts of the S&P 500, Nasdaq and Russell 2000, the Bespoke Investment Group’s Paul Hickey used a technical indicator called the advance/decline line to show market breadth is positive — a sign that supports expectations of higher stock prices. “What you
Check out the companies making headlines before the bell: Kroger – The supermarket operator beat forecasts by 10 cents a share, with adjusted quarterly profit of 73 cents per share. Revenue beat forecasts, as well. Same-supermarket sales excluding fuel rose 1.4 percent from the prior year. AT&T – AT&T unveiled a $15 per month video
The much touted initial public offering (IPO) of Saudi Arabia’s national oil and gas company Aramco “will happen but the timing is not critical”, according to the country’s oil minister Khalid Al-Falih. The IPO is thought to be among the pet projects of Saudi Crown Prince Mohammed Bin Salman as part of his 2030 Vision
Bitcoin’s (BTC) bulls are struggling to push prices higher, despite a still-favorable short-term set-up on the technical charts. Bitcoin rose to a six-day high of $6,580 on Monday on Bitfinex, adding credence to indications that the cryptocurrency could be in for a relief rally. The bullish bias has strengthened further in the last two days
The St. Louis division of the U.S. Federal Reserve Bank is now tracking the prices of four cryptocurrencies in its research database. According to an announcement on Tuesday, Federal Reserve Economic Data (FRED), an extensive database maintained by the central bank’s St. Louis branch, is now offering data points for bitcoin, bitcoin cash, ethereum and
Cryptocurrency exchange Huobi has announced that financial data firm Bloomberg now provides the HB10 crypto market index on its terminal service. In a release published Thursday, the exchange said users of Bloomberg Terminal are now able to track the aggregated performance of the top-10 cryptocurrencies that are traded on Huobi Pro – now the third
As a long-term stock investor, I have sought out high growth companies early on to add to my portfolio. Typically these are also the stocks that display the most volatility. But as they say, no risk no reward. Instead of day trading, my focus has always been to identify companies early and hold onto them
The Alibabacoin Foundation is celebrating the historic release of their long-anticipated Multi-crypto Wallet with a massive airdrop event. The innovative team of blockchain specialists at Alibabacoin Foundation seek to maintain the success they have enjoyed in 2018 with the release of this software on the App Store and Google Play. The Multi-crypto Wallet is the
Shutterstock These 64 funds are easy to trade and score near the top of their categories in cost efficiency. Who’s got the best ETFs? Vanguard and BlackRock are tied on the Honor Roll, with 17 funds each. But if you take into account how big a fund family is, you may say that Schwab is
Too good to be true? That’s what some are wondering after Tether, the makers of the dollar-pegged crypto asset, USDT, made an announcement Wednesday insisting that its tokens – valued at $2.6 billion – are fully-backed by real cash (according to one law firm, at least). For months, Tether has fought accusations that it is
Check out the companies making headlines after the bell: Shares of Barnes & Noble shot up nearly 8 percent in after-hours trading. The popular bookseller chain saw its sales and earnings rise significantly in its fourth quarter. HP shares gained nearly 3 percent in extended trading. The hardware technology manufacturer authorized an additional $4 billion
Akon launches Akoin: To add to the list of celebrities that have been entering the cryptocurrency market, singer Akon has announced that he has launched his own cryptocurrency called Akoin. Akon Launches Akoin: Cannes Lions 2018 Akon announced his new coin Akoin at the Cannes Lions 2018 ‘Blockchain, Entrepreneurship and Empowering the Future’ panel on
Stitch Fix shares jumped more than 14 percent Wednesday afternoon on speculation via social media that media mogul Oprah Winfrey would be taking a stake in the subscription box company. A representative for Winfrey later told Bloomberg the speculation wasn’t true. Stitch Fix declined CNBC’s request for comment. Stitch Fix’s stock later trimmed back more