The Dow Jones Industrial Average ended Monday trade near session lows, amid a firming U.S. dollar. Last week, investor sentiment was buffeted by a rapid decline in crude-oil prices (CLZ8) which fell into bear-market territory, defined as a drop from a recent peak of at least 20%.
Republicans are losing their hold on upper-middle-class suburbs, and the tax reform bill may be to blame. Although a number of races are still too close to call, Democrats have taken 30 seats so far — more than the 23 GOP districts they needed to seize control of the House of Representatives. In swing districts across the country, new Democratic challengers vowed to defy the Trump administration while Republican incumbents touted the benefits of tax reform and a booming economy.
L Brands Inc. could bring back the Victoria’s Secret swimsuit line now that the company has signaled no strategy is off limits if it improves profitability, Wells Fargo analysts say. L Brands’ (LB) portfolio includes Victoria’s Secret and Bath & Body Works. Wells Fargo upgraded L Brands to outperform from market weight, with analysts seeing a turnaround on the horizon as the company takes an “‘all options on the table’ mentality.” Analysts don’t expect a turnaround in the near future, but shuttering Henri Bendel and considering options, including a sale, of the La Senza business shows that the company has taken on a new focus.
(Bloomberg) -- Chairman Eddie Lampert wants to keep Sears Holdings Corp. alive, but a group of the company’s creditors say they’d be better off if Sears were dead.The plan envisioned by Lampert amounts to “an unjustified and foolhardy gamble with other
Shares of General Electric GE plunged on Monday to their lowest level since March 2009, extending the stock's severe losses from the prior session. Shawn Matthews, CEO of Hondius Capital Management, addressed General Electric's debt load and how comments about the company's liquidity unnerves investors.
William Cohan of Vanity Fair joins 'Squawk Box' to discuss General Electric after J.P Morgan downgraded the stock.
Nvidia is set to report its fiscal third-quarter results on Thursday after the close, and it's a report that many investors will have an eye on. Down about $100 now, shares have been shaved by a third, to around $190, making many investors timid on Nvidia. Nvidia is a bit different than your average semiconductor company, though.
Shares of Goldman Sachs Group Inc. (gs) extended their selloff Monday, to fall 7.3% in afternoon trade to put it on track for the lowest close since Nov. 16, 2016. The selloff comes after the shares shed 3.9% on Friday, after Bloomberg reported that former Goldman Chief Executive Lloyd Blankfein was the unidentified high-ranking executive referenced in U.S. court documents who attended a 2009 meeting with former Malaysian Prime Minister Najib Razak involved in the 1MDB scandal.
General Electric’s stock is acting right now like the banks did at the height of the 2008 financial crisis — completely disregarding any soothing words from those in the know. Shares of the fallen industrial giant have tanked 10% over the course of two days as Wall Street grows increasingly concerned about GE’s sky high debt levels, weakening fundamentals and pressured liquidity position. “While liquidity is certainly debatable, we believe this is not really about liquidity, it’s about a deterioration in run rate fundamentals,” said JPMorgan analyst Stephen Tusa in a note on Friday.
is approaching a very important trend line. Apple could experience some weakness, but it only may be back down to the long-term uptrend. The Moving Average Convergence Divergence (MACD) oscillator has crossed to the downside for a take profits sell signal or a sell in an uptrend.
Pabst Brewing Company and MillerCoors are going to trial, with hipster favorite Pabst contending that MillerCoors wants to put it out of business by ending a longstanding partnership through which it brews Pabst's beers. The case has high stakes for Pabst, whose lawyers argue that the company's very existence relies on the partnership with Chicago-based MillerCoors, which produces, packages and ships nearly all its products, which include Pabst Blue Ribbon, Old Milwaukee, Natty Boh and Lone Star. MillerCoors, meanwhile, says it's not obligated to continue brewing for Pabst and that Pabst doesn't want to pay enough to justify doing so.
Rising prices for (NFLX) (NFLX) subscriptions have been widely seen as a foregone conclusion for investors who expect them to help fund content and widen margins. Netflix’s base plan currently costs $8 a month, the cheapest of three that top out at $14.
Tesla Motors (NASDAQ:TSLA) shares have stepped on the gas pedal and run over more than a few bears on the price chart this past month. Since blasting Street earnings views late last month Tesla stock has raced higher, while wiping out more than a few of TSLA’s bearish dissidents. The impetus behind TSLA stock’s bullish vroom, vroom has been the EV upstart’s surprise and surprisingly strong profit for its third quarter.
After three weeks of tech earnings reports, we have seen such major companies as Apple Inc. and Amazon.com Inc. hammered after poor forecasts, but the real danger for tech is being voiced by companies that are not such household names. Several semiconductor companies are seeing a slowdown, and, even though they may be in the minority for now, they should not be ignored. Semiconductors, because of where they sit in the global supply chain and how pervasive their use is across so many products, can sound alarms about tech-ecosystem weakness that could be right around the corner.
Shares of Cisco CSCO have surged 36% over the last year to crush the S&P 500 and its industry’s average. Let’s take a look to help understand if Cisco stock might be worth buying ahead of its quarterly earnings release Wednesday. Cisco is coming off a strong fiscal fourth quarter and a solid year.
Traders Joe Terranova and Jon and Pete Najarian are joined by Shannon Saccocia, CIO of Boston Private Wealth, and CNBC's Jim Cramer to discuss what could be causing the sell-off in FANG stocks.
Analyst Scott Davis says Danaher, which Larry Culp once ran, would "love" to own the life sciences business of GE Healthcare. General Electric GE CEO Larry Culp's latest comments to CNBC about GE Healthcare could indicate an "outright sale" is among the options under consideration, according to a leading industry analyst. Culp called GE Healthcare a "tremendous" franchise, which has "flexibility" in terms of the planned spinoff.
General Electric Co (GE.N) will sell assets with "urgency" to reduce its high debt, Chief Executive Officer Larry Culp said on Monday, as GE shares tumbled as much as 10 percent and the cost of insuring its debt hit a six-year high. GE shares closed down 6.9 percent at $7.99 on the New York Stock Exchange after falling as low as $7.72.
Chipmaker Advanced Micro Devices is the best-performing tech stock of the year, up 85 percent so far. AMD competitor Nvidia also suffered a steep drop. Advanced Micro Devices AMD , the year's best-performing technology stock, got pummeled Monday as the entire tech sector took a nosedive.
AT&T Inc. ( T) stock has fallen 21%, and now options traders are betting the stock drops 7% to a new low by the start of early next year. The company delivered earnings that came in below analysts estimates at the end of October, despite reporting in-line revenue. The shares recently plunged below technical support at $31.75, now that level will act as technical resistance.
Monday morning, the supplier cut its guidance for revenue by about 17%, raising concern about demand for Apple goods and sending its own stock down nearly 30%. Companies in Apple’s supply chain are feeling the pain. The 54 Apple suppliers Barron’s tracks were down about 4%, on average, by early afternoon.
(Bloomberg) -- PG&E shares saw their worst one-day plunge in 16 years, while utility peer Edison International is having its worst day since 2001 amid California wildfires that began in PCG’s service territory.PG&E fell as much as 38 percent in its biggest
Oil prices are staging a comeback, driving Brent crude oil above $70 following an announcement from the kingdom of Saudi Arabia indicating that the world's major crude producers plan to cut supply significantly in 2019. A drop off in crude oil prices in the recent period has weighed on oil and gas companies. Ahead of next month's OPEC meeting, Saudi Arabia said it will slash production by 500,00 barrels, or about 0.5% of current global supply. Barron's Al Root noted that changes in output from the particular world region can have an outsized impact on commodity prices due to the major difference in what it costs to produce oil in the kingdom versus other places in the world.
Investors in NVIDIA Corporation NVDA need to pay close attention to the stock based on moves in the options market lately. What is Implied Volatility? Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
Apple could be a key to whether the market re-tests October lows, as it trades just above a key technical level, strategists said. Apple, a market bellwether, was sharply lower Monday on concerns about iPhone sales, but tech more broadly has also been beaten up. Stocks are at a turning point, and it could be Apple AAPL and other technology names that help decide whether the market revisits October lows.