Month: April 2019

Technology investor Paul Meeks is putting the brakes on his bullish forecast. Meeks sees investors getting burned by tech stocks, saying the rally has gone too far, too fast. “My issue is not fundamentals,” he said Monday on CNBC’s “Trading Nation ” segment. “It’s more about stretched valuations.” The tech-heavy Nasdaq has surged more than
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Nintendo (OTCMKTS:NTDOY) fell in last Thursday’s trading on what was seen as “ultra-conservative guidance.” Traders sold off Nintendo stock as the video- game company announced sales forecasts that came in well below analysts’ consensus estimates. Source: Shutterstock Now the gaming company finds itself at a crossroads, as gamers are increasingly losing interest in the console-based
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From MarketWatch: Stocks ended with small gains Monday, as the S&P 500 and Nasdaq Composite moved further into record territory at the start of a week that features a meeting of Federal Reserve policymakers and a busy economic calendar, as well as a continued deluge of corporate earnings. The S&P 500 SPX, +0.11% rose around 3 points,
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Google’s New York City office in lower Manhattan. Spencer Platt | Getty Images Check out the companies making headlines after the bell: Shares of Alphabet tanked more than 6% in extended trading Monday following the release of the tech giant’s mixed first-quarter results. Alphabet reported earnings per share of $11.90 on revenue of $36.34 billion.
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In another sleepy trading session, U.S. stock bumbled along through morning trading before drifting higher into the close. Last week was full of big earnings reports, but this week is also loaded, with Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG), Apple (NASDAQ:AAPL) and others all reporting. Here are the top stock trades we’re watching going into Tuesday. Top Stock
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That’s especially true among investors in big U.S. multinational companies whose sales abroad greatly feel the pinch of a strong dollar. Savita Subramanian, equity and quant strategist with Bank of America Merrill Lynch, estimated in a Monday research note that U.S. dollar DXY, -0.20% strength will ultimately shave 2.1 percentage points from sales growth for the S&P 500
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Here are the biggest calls on Wall Street on Monday: Barclays upgraded Target to ‘overweight’ from ‘equal weight’ Barclays said the retail giant has many competitive advantages and sees a buying opportunity. “Despite our previous Equal Weight rating on TGT, we have spent considerable time over the last year writing extensive deep dive research on
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Check out the companies making headlines before the bell: Restaurant Brands International — Restaurant Brands reported weaker-than-expected quarterly earnings as sales in its Tim Horton’s business unexpectedly fell. The company posted a profit of 55 cents per share. Analysts polled by Refinitiv expected earnings of 58 cents per share. Tim Horton’s sales fell 0.6% in
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3M (NYSE:MMM) stock plunged in Thursday trading on an earnings miss. MMM stock fell by about 13% as the company’s first-quarter results missed analysts’ consensus estimates on both the top and bottom lines. The 13% plunge was the largest one-day decline for MMM stock since the 1987 stock-market crash. Source: Shutterstock However, after the drop,
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