Foreign governments pulled back their purchases of longer-term U.S. debt as trade tensions escalated around the world. The declines are relatively small so far for notes and bonds — just shy of $5 billion each for March and April, the most recent months for which Treasury data are available — but it signals a potentially
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Intel’s sales growth in the data center market will slow later this year, according to a small Wall Street firm. Northland Capital Markets lowered its rating to underperform from market perform for Intel shares, citing rising competition from AMD and Nvidia. “Workloads in Data Centers are shifting to AI. This we believe is increasing the
Shares of Rent-A-Center soared more than 20 percent on Monday after the rent-to-own retailer announced it is being acquired by Vintage Capital Management. Vintage Capital will pay $15 per share in cash for the company, which went public in 1995. Including debt, the deal is valued at around $1.37 billion. The acquisition is expected to
J.P. Morgan believes Micron shares can go higher even after its stunning rally. The firm reiterated its overweight rating for the chipmaker’s shares, citing strong demand for memory chips in the cloud computing market. “Stay long Micron heading into earnings. We see further upside in Micron shares as the team is executing well in an
The Federal Reserve’s decision to hike short-term interest rates is big news for investors. The Fed raised the federal funds rate a quarter percentage point — to 2 percent, from 1.75 percent — last week and signaled that it plans another two hikes this year. The change brings the rate — which sets the terms
BJ’s Wholesale Club expects its initial public offering to be priced between $15 and $17 per share, giving the warehouse club operator a market capitalization of up to $2.15 billion. At the top end of that range, the offering of 37.5 million shares would raise $637.5 million. The company, which was taken private in 2011
Properly investing requires taking the time to create an investment strategy so that you have a plan that allows you to stick with it when things get tough. Investing without an established plan increases your risk. Following an investment strategy is something that everyone should be doing to ensure that they are getting the most
High-flyer Boeing just hit an air pocket, closing out last week with its worst weekly losses since March, on worries over an escalating trade war with China. Newton Advisors technical analyst Mark Newton is urging caution on the Dow leader. “Boeing is unattractive in the short run,” Newton said Friday on CNBC’s “Trading Nation.” “It
Shares of NXP Semiconductors rose in extended trading Friday amid conflicting reports about whether Chinese regulators have approved Qualcomm‘s proposal to acquire the smaller chipmaker. NXP shares spiked more than 10 percent in after-hours trading Thursday following reports from South China Morning Post and Bloomberg, both citing sources, that China’s Ministry of Commerce approved the
Twitter shares could add to strong gains this year as the World Cup spurs engagement and continued strength in ad sales gives the social media company a revenue boost, an analyst at UBS said Thursday. Eric Sheridan raised his price target on the stock to $52 from $36, implying 11.2 percent upside from Thursday’s close
Etsy is on fire. Shares of the online marketplace soared as much as 35 percent, to an all-time high on Thursday, after the company raised its transaction fee on its sellers’ sales and boosted its full-year outlook on revenue growth. Some strategists and technical analysts say that despite the recent gain, the stock appears poised
A casual observer may assume the greatest money managers have charmed investing careers filled with success after success. But that isn’t the case, Ritholtz Wealth Management director of research Michael Batnick explained in his new book “Big Mistakes: The Best Investors and Their Worst Investments,” released on Jun. 6. Batnick shared key lessons and money-losing
Micron shares have surged 44 percent this year, outpacing the broader semiconductor space nearly four-fold. As the chipmaker’s stock sits nearly 10 percent off its May high, Stacey Gilbert, head of derivative strategy at Susquehanna, said the options market is doing something unusual ahead of Wednesday’s earnings report. Here are what she told CNBC’s “Trading
Kohl’s stock has gotten ahead of itself, and it’s time to “step aside,” according to Citigroup, which downgraded the company to neutral from buy on lingering fears of weak traffic. “Outside of a major announcement of their partnerships expanding (which could help traffic), Kohl’s still has a challenge to drive traffic on its own,” analyst
Oracle is losing favor among technology buyers to leading cloud computing vendors, according to J.P. Morgan. The firm lowered its rating to neutral from overweight for Oracle shares, citing negative results in a spending survey of chief information officers. Oracle’s “specific metrics in our large-scale CIO survey have arced over into negative territory, which makes
J.P. Morgan Private Bank’s Stephen Parker is highlighting three groups that could outperform as interest rates climb. His first top pick: energy. “If you go back and look historically near the end of a cycle, energy has almost always outperformed and often times by a pretty meaningful amount,” the bank’s head of thematic equity solutions
WASHINGTON — Stephen K. Bannon, 10 months removed from the job of chief strategist to President Trump and five months after his ouster from the arch-conservative news site Breitbart News, is betting that Bitcoin and other cryptocurrencies can disrupt banking the way Mr. Trump disrupted American politics. Mr. Bannon won’t reveal very much about his
With one of this week’s major central bank decisions in the books, investors are turning their eye to the European Central Bank’s decision on monetary policy, due out Thursday before U.S. equity markets open. Boris Schlossberg, managing director of foreign exchange strategy at BK Asset Management, told CNBC’s “Trading Nation” on Wednesday what investors should
The Securities and Exchange Commission may be getting set to clear up confusion around whether and under what conditions initial coin offerings, and possibly alt-coins like ether and ripple, constitute securities. William Hinman, a key SEC official for formulating policy on bitcoin and blockchain, is speaking Thursday at Yahoo’s All Markets Summit: Crypto in San
Shares of drugstore CVS Health jumped on Wednesday, a day after a U.S. District Court decided to permit AT&T’s bid for Time Warner in what many on Wall Street are considering a tacit go-ahead for other so-called vertical mergers. The ruling may clear potential roadblocks ahead of the $69 billion tie-up between CVS and health
Bond market volatility is on the verge of a comeback, according to Sit Investment Associates’ Bryce Doty. On CNBC’s “Futures Now,” Doty predicted the 10-year Treasury yield won’t stay under 3 percent much longer. “It’s going to be kind of turbulent,” the senior portfolio manager said Tuesday. “I’m still expecting some more white-knuckle moments.” Doty
Twitter got the blue checkmark when it joined the S&P 500 last week, but its big gains have raised some technical flags for one chart watcher. “I like Twitter long term but it’s really extended here right now,” Frank Cappelleri, senior equity trader at Instinet, told CNBC’s “Trading Nation” on Tuesday. “Right now Twitter is
Millennials are going all-in when it comes to using exchange-traded funds in their investment portfolios. In fact, almost everyone — 96 percent — who responded to a recent Charles Schwab survey said they considered the passive index-tracking securities “a necessary part” of their investment strategy, and 91 percent said ETFs are their “investment vehicle of
RH shares skyrocketed on Tuesday after the luxury home goods retailer reported first-quarter earnings well-above estimates and raised its forecast for the year. Shares rose more than 28 percent, putting it on pace for its best day since Nov. 16, 2017. RH was formerly known as Restoration Hardware and has recently shifted its brand to
Global fund managers poured money into U.S. equities, overweighting American stocks in June for the first time in 15 months, on a robust profit outlook. Sixty-four percent of the fund managers surveyed this month by Bank of America Merrill Lynch said the U.S. has the most favorable profit outlook, now at a 17-year high. That
A top Wall Street firm is getting more optimistic on Twitter’s prospects. J.P. Morgan raised its price target to $50 from $39 for the social media company’s shares, citing improving conversations with advertisers. “We are raising our estimates on TWTR shares as we believe advertising momentum is strengthening, particularly among large marketers,” analyst Doug Anmuth
J.P. Morgan added Weight Watchers to the firm’s list of “overweight” stocks, saying the weight loss company is poised for “outsized” growth as it looks to add more big-name celebrities through its partnership with Oprah Winfrey. “Management stabilized the trajectory … by revamping its points program, significantly improving the mobile platform, and recruiting pivotal social
Shares of Urban Outfitters rose nearly 4 percent on Tuesday after at least four brokerages raised their price targets following the company’s upbeat quarterly same-store sales forecast at its retail business. The owner of Anthropologie and Free People clothing chains said same-store sales so far in the second quarter had climbed to the mid-teens percentage
Shares of Sage Therapeutics climbed 15 percent Tuesday after the company said the Food and Drug Administration has cleared it to expedite development of its drug to treat major depressive disorder and postpartum depression. Sage said its ongoing trial in women with postpartum depression will now be designated a pivotal trial, which allows the data,
President Donald Trump‘s agreement with North Korean leader Kim Jong Un allows the market to focus on more pressing issues such as the Federal Reserve‘s policy meeting, economist Mohamed El-Erian told CNBC on Tuesday. “Look for markets to say, ‘Great, that’s a first, good constructive step with what happened in Singapore,'” Allianz’s chief economic advisor