Investing

J.P. Morgan shared with its clients the firm’s best current stock picks in the U.S. pharmaceuticals sector. “We continue to see an attractive fundamental set-up for the Major Pharma group with an upward bias to EPS estimates and with the group still inexpensive in our view, trading at a significant discount to the broader market,”

It’s retail’s time to shine this earnings season with industry leaders Walmart, Nordstrom and Home Depot each set to report quarterly results this week. Only one retail name looks like a winner to Mark Newton, technical analyst at Newton Advisors. “Macy’s looks like the real standout candidate to me among the group,” Newton told CNBC’s

Oppenheimer downgraded its rating of Tiffany shares to “perform” from “outperform” on Friday, saying “recent shifts in global currencies could weigh upon domestic sales to foreign tourists” for the luxury retailer. The firm pointed to a chart comparing the Chinese yuan to Tiffany’s sales in the U.S., saying the “devaluation of Chinese currencies could impact

Wall Street rarely talks about its mistakes, but Goldman Sachs is now admitting it was wrong on its pessimistic view for AMD shares. The firm raised its rating to neutral from sell for the chipmaker’s stock, predicting big market share gains for its server chips over the next two years. “We find it increasingly harder

Dropbox fell as much as 10 percent during Friday’s open after its announcement on Thursday that chief operating officer, Dennis Woodside, will be stepping down in September. The cloud services company reported strong second-quarter earnings after the bell on Thursday, beating Wall Street expectations on revenue and earnings per share. But investors seem to be

Wall Street’s biggest bull is standing by his call that the S&P 500 will jump 12 percent by the end of 2018 as the broad market index nears highs not seen since January. In less than five months, the index will hit 3,200 points by year’s end as a healthy economic backdrop and robust corporate

Trade war conflicts have caused soybeans to suffer this year, but after a 10 percent surge in the last month, one trader expects the rally to continue to grow. Bill Baruch, president of Blue Line Futures, told CNBC’s “Trading Nation” on Tuesday that he has a bullish outlook on soybeans and China. Here is what

Shares of Office Depot jumped 12.9 percent on Tuesday, after the company reported better-than-expected earnings per share and revenue for its second quarter. The Boca Raton, Florida-based retailer reported adjusted earnings of 5 cents a share, beating the 4 cents a share average estimate of analysts. Office Depot also reported $2.63 billion of revenue for

Jefferies shared with its clients the firm’s best current stock picks. The firm looked for companies with below average Wall Street coverage and where its analysts are particularly optimistic over the stock’s fundamentals. “We highlight 35 stocks covered by Jefferies that are above $1B in cap, which sit in the coverage sweet spot of 3

Investors in travel stocks like Caesar’s Entertainment, Wynn Resorts and Expedia took flight this week, sending the companies’ shares sharply lower. Craig Johnson, chief market technician at Piper Jaffray, says one consumer leisure stock is working for him. “The best stock, from our perspective, is Boyd Gaming. It’s going to have more of a domestic

Webster Financial shares will thrive due to strong growth from its commercial banking and health savings account businesses, according to J.P. Morgan. The firm reiterated its overweight rating for Webster Financial’s stock and added it to J.P. Morgan’s focus list, predicting the bank will generate earnings per share above expectations next year. “We recently held

The Fed is confident in the economy now, but by next year it may have to slow interest rate hikes and it may have to stop paring back its balance sheet, according to Rick Rieder, BlackRock’s chief investment officer for fixed income. The Fed held rates steady this past week and tweaked its language on

CNBC’s Jim Cramer gives billionaire entrepreneur Elon Musk high marks for recognizing the need to apologize to the Tesla analysts he dissed three months ago. On Wednesday’s post-results conference call, Musk said, “My apologies for not being polite on the prior call.” The Tesla co-founder and CEO also promised future profitability, after the electric automaker

Labor pressure and unpredictably high medical and legal expenses weighed heavily on Cheesecake Factory’s second-quarter earnings, prompting the company to cut its forecast and sparking a selloff of its shares Wednesday. The casual dining chain’s stock shed more than 13 percent in trading Wednesday. Since January, the stock has gained just over 1 percent. Cheesecake

GoPro shares could rise significantly when the company posts its financial results this week, according to J.P. Morgan. The firm said the company’s stock price is now low enough for the shares to rally on a decent earnings report. GoPro is slated to report its second-quarter earnings results Thursday after the market close. “We expect

The market’s favorite technology stocks are tanking as investors growing concerned over the companies’ ambitious growth targets following disappointing financial results from Facebook and Netflix this month. The NYSE FANG+ index is down more than 10 percent from its high of 3,062.88 in mid-June after its 2.7 percent drop Monday to the 2,737 level. FANG

Cloud-based software company LogMeIn fell more than 24 percent during late-morning trading due to weak outlook for the third quarter. The Boston-based company reported earnings per share of $1.32 versus Wall Street expectations of $1.25, according to FactSet. However, it lowered its revenue expectations for the fiscal year by 2 percent. LogMeIn now expects its

Expedia Group shares jumped on Friday after the travel website operator reported a quarterly profit well above estimates. The company reported a second-quarter profit of $1.38 per share on Thursday, beating the 89 cent consensus estimate by Thomson Reuters. Revenue for the second quarter, meanwhile, fell in line with analysts’ expectations at $2.88 billion. Shares

Shares of First Solar plunged on Friday after the seller of solar power systems reported a surprise loss for the second quarter as revenues badly missed expectations. The stock price fell by about $5 per share, or more than 9 percent, dropping below $49. First Solar posted a loss of 46 cents a share for

Shares of Yum China shot up more than 16 percent on Thursday after The Information reported that Hillhouse Capital Group, one of China’s major investors in tech, is in talks to acquire the fast-food restaurant company. Yum China stock was briefly halted due to volatility. Hillhouse Capital, a private equity firm known for its investment

Twitter shares have been on a tear, with a whopping 76 percent gain so far this year. The options market is predicting a double-digit move from the stock when it reports earnings Friday morning. Stacey Gilbert, head of derivative strategy at Susquehanna, told CNBC’s “Trading Nation” on Tuesday that Twitter’s move is expected to be

A major fight is brewing between Dunkin’ Brands and Starbucks, but only one is emerging victorious. Over the past two years, Dunkin’ shares have rocketed around 50 percent higher, while Starbucks has fallen more than 10 percent. Matt Maley, equity strategist at Miller Tabak, says Dunkin’s massive rally could be circling the drain. “It’s up

Sarissa Capital Management chief investment officer Alex Denner spoke with CNBC Pro for an exclusive interview from the Delivering Alpha Conference in New York, and detailed his case for investing in Biogen. Like other shareholder activists, Denner’s approach focuses on improving the strategies of companies to unlock otherwise trapped equity value. Having previously served as

Two JPMorgan ETFs, the JPMorgan BetaBuilders Japan ETF (BBJP) and the JPMorgan BetaBuilders Europe ETF (BBEU), have seen massive inflows of investor cash since last Wednesday. Assets in BBJP have leapt 6,936 percent in one week, while assets in BBEU jumped 1,863 percent. This represents by far the most significant amount of new money into

Tesla shares will fall dramatically the rest of this year due to its high valuation and rising competition, according to J.P. Morgan. The firm reaffirmed its underweight rating on Tesla shares, saying other automakers may price their electric cars aggressively. Tesla has a “highly differentiated business model, appealing product portfolio, and leading-edge technology, which we

President Donald Trump‘s criticism of monetary policy won’t have much impact on how the Federal Reserve goes about its business, judging by initial market reaction. While making for more eye-popping headlines out of the Oval Office, the president’s complaints that rising interest rates are hampering economic progress did not move the fed funds futures market,

Comcast shares are more attractive after the company decided to walk away from its bidding war for Twenty-First Century Fox assets, according to Raymond James. The firm raised its rating to outperform from market perform for Comcast shares, predicting investor sentiment for the company will improve over the next year. On Thursday Comcast said it

Warren Buffett has looked around for suitable ways to invest Berkshire Hathaway‘s $106 billion cash hoard, and he has finally come up with an idea: Berkshire Hathaway. The move sent Berkshire shares soaring more than 5 percent on Wednesday. Starting in August, the Omaha conglomerate may buy back more shares, joining a huge number of

John Traynor, chief investment officer at People’s United Advisors, said investors should watch two major events in 2018: midterm elections and simmering global trade tensions. “We think the earnings growth is very strong, we think the economy is very strong, but you’re being buffeted by those two trends, and they will impact the second half

This earnings season is likely to be more volatile than the market is preparing for, according to Goldman Sachs, which outlined a tactical plan for clients looking to play the latest financial numbers. Analysts at the bank highlighted a number of stocks they believe investors should consider during a month typically rife with surprises. “We