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Netflix may have surged 110 percent so far this year, but World Wrestling Entertainment (WWE) has been giving the streaming giant a run for its money and market watchers believe the stock will continue to clean house. Shares of WWE rallied 3 percent Friday as Morgan Stanley raised its price target on the stock to

Networking company stocks fell off Friday following a report by The Information that Amazon Web Services is considering selling its own network switching devices. Cisco dropped 4 percent by the end of trading, representing a loss in stock value of roughly $8.5 billion. Juniper gave up more than 2 percent. Arista Networks dropped more than

Huge sums of investor cash have poured into exchange-traded funds during this past year (and during the whole bull market) with billions of dollars sitting passively in funds betting on the very largest U.S. stocks. But new research suggests this money is betting on funds with a methodology that might not offer the best returns

The Dow is getting whiplash this week. The blue-chip index is seeing another triple-digit rally on Thursday, its second since Monday, after a trade sell-off midweek. Matt Maley, equity strategist at Miller Tabak, sees two Dow stocks to buy and one he would avoid in this market’s swings and roundabouts. A stronger dollar and trade

Costco is at all-time highs, Target is within reach of its best levels of the year, but Walmart has been left in the dust. The original big-box retailer sits in a bear market after punishing sell-offs this year. Some say the stock is a no-touch. “Stay away from it. I think it’s dead money,” David

Walgreens isn’t the only one feeling the pressure of Amazon’s PillPack acquisition, as one Wall Street analyst copped to underestimating just how aggressively the e-commerce giant would disrupt drugstores. “We are downgrading shares of Walgreen … ending one of the more painful experiences I have endured in my 15 [plus] years as a sell-side analyst,”

Financial markets believe Europe will eventually “accommodate” President Donald Trump on trade, Wall Street’s Art Cashin told CNBC on Monday. “Even if it’s only to a slight degree, the president will step back and claim victory,” said Cashin, director of floor operations for UBS at the New York Stock Exchange. Trump is threatening tariffs on

Biogen shareholders are rejoicing over a clinical trial’s positive results. Shares of the biotech company were up 19.6 percent Friday, a day after Biogen and Tokyo-based Eisai announced positive results from a Phase II study with BAN2401, an anti-amyloid beta protofibril antibody, in 856 patients with early Alzheimer’s disease. The stock move added more than

Steven Cohen is having a tough time getting UK financial regulators to give him a second chance in that country. The billionaire recently opened his Point72 hedge fund to outside investors in the U.S., but British securities regulators won’t let Cohen open the fund to UK investors, according to a report in the FT citing

Speaker company Sonos has filed to go public. The company reported a net loss of $14.2 million on revenue of $992.5 million for the last fiscal year. That’s an improvement from fiscal year 2016, when the company posted a net loss of $38.2 million on revenue of $901.3 million. For the six months ending March

The historic bull market in global equities still has room to run, according to Citigroup’s equity strategy team, which advised clients Wednesday to continue to buy. The firm’s analysts wrote that Citi’s bear market checklist — a diagnostic used to monitor symptoms of a downturn in equities — suggests than only three of 18 “red

Patrick Kaser, managing director and portfolio manager at Brandywine Global, believes free cash flow is a key determining factor in whether or not a company will be a lucrative investment. Earnings, however, are not always indicative of a successful company. “There are many ways to manipulate earnings, earnings per share, GAAP, non-GAAP, but there’s very

As America gets set to celebrate its 242nd birthday with multi-colored fireworks bursting in air, the suppliers of those pyrotechnics are starting to worry about whether they’ll get stuck in the middle of a trade war. So far, the Trump administration has not included the $1.24 billion fireworks industry on its list of China tariff

There has been a lot of talk in the world of exchange-traded funds that giants like Vanguard Group, BlackRock‘s iShares and Charles Schwab are headed in the direction of trading without any management fee at all. We’re not there yet, but Vanguard Group is making a major move related to ETF fees that no other

Bitcoin might be winning back favor in the public eye. Mohamed El-Erian, chief economic advisor at Allianz, called bitcoin a buy if its price falls below $5,000. The highly volatile cryptocurrency made waves recently after falling 70 percent from its peak, when the price was near $20,000. But today it’s reaching a point where it

Emerging markets are feeling the heat. China is in a bear market, Brazil is closing in on one, and the EEM emerging markets ETF could close out its worst quarter in nearly three years on Friday. Brace for more pain, says one technical analyst. “There’s really a time to own EEM and it’s time not

P.F. Chang’s is looking for a new owner. Centerbridge Partners and the board of managers of Wok Parent revealed Friday they have retained Bank of America Merrill Lynch and Barclays to explore a possible sale of the Chinese food chain. “Given the positive performance of P.F. Chang’s Bistro and having received multiple unsolicited indications of

Call it a love-hate relationship. Investors have bet heavily this year that a number of stocks would fall, but in some cases, the exact opposite has happened, fueling some very large gains in those very same stocks. Advanced Micro Devices, Rent-a-Center, Shake Shack and Restoration Hardware — all stocks with high short interest – have

Investor money is hemorrhaging out of global stock funds at a pace not seen since just after the financial crisis exploded. Global equity funds have seen outflows of $12.4 billion in June, a level not seen since October 2008, according to market research firm TrimTabs. Lehman Brothers collapsed in September of that year, triggering the

Netflix’s global subscription expansion as well as gradual pricing increases put the company’s stock on track for even more upside over the next year, according to Macquarie Research. The firm raised its price target on the online video streamer’s shares to $430 from $336, reiterating its outperform rating and citing uplift in subscriptions to higher

A relief rally in stocks will arrive in October but President Donald Trump isn’t finished with his trade demands, according to an investment bank specializing in emerging market assets. The threat of U.S.-led protectionism has sent capital flowing out of riskier emerging market (EM) assets. The MSCI index of developing-nation stocks on the cusp of

Every once in a while, an ETF seems to hit all the right notes at the right time. One such fund these days is the KraneShares CSI China Internet ETF (KWEB). China-focused equity ETFs generally have had a challenging time this year, with the country sitting in the middle of a trade spat with the

White House economic advisor Larry Kudlow said the administration’s revised approach towards China shouldn’t be characterized as a retreat. The director of the National Economic Council instead characterized the decision to use a committee to determine when Chinese-owned companies should be halted from taking ownership in U.S. firms as simply a “modernization” that will protect

It’s a brave new world for General Electric on Day 2 outside the Dow. After getting beaten up and kicked out of the blue-chip index, its shares are now rallying to their best level in a month. Step in with caution here, says one technical analyst. “I might trade it, but I don’t trust it,”

Just four months after taking the helm as CEO of Chipotle Mexican Grill, Brian Niccol is scoring big with investors. The former Taco Bell CEO’s appointment has resulted in a nearly 60 percent bump in the company’s stock since it was announced in February, and that could just be the beginning. Niccol is set to

Lenders are pounding the pavement looking for borrowers who want to consolidate bills, take a vacation or fix up their homes. Homes are being inundated with mail solicitations from companies like Marcus, Elevate and Lending Club, hoping to supply personal loans to consumers. In all, 10 nonbank lenders that Credit Suisse tracks sent out 368

The stock market is having a relief rally now that a “committee of professionals” will handle foreign investment concerns instead of President Donald Trump alone, closely followed trader Art Cashin told CNBC on Wednesday. “Remember, the first word in CFIUS is committee,” said Cashin, UBS director of floor operations at the New York Stock Exchange,

North Korea could account for up to 24 percent of the Korean Peninsula’s total gross domestic product in 20 years under reunification with the South, UBS estimated in a report this week. The rogue state currently accounts for 1.1 percent of the regional economy. Tensions around the nuclear state have eased after North Korean dictator

Nvidia shares will thrive as the company releases its next generation gaming graphics chips later this year, according to one Wall Street firm. Raymond James reiterated its outperform rating for Nvidia shares, predicting the company will generate better than expected financial results in its October quarter. “We conducted mid-quarter checks on NVIDIA with channel partners,

Nine years into a bull market for financial assets, we are seeing an increasing number of investors continue to prioritize a return or income objective over the risk required to achieve that return. For stock investors, that typically means chasing what is hot today. For fixed income investors, that means venturing more heavily into more