iPhone 11, iPhone 11 Pro, iPhone 11 Pro Max Todd Haselton | CNBC J.P. Morgan raised its price target on Apple’s stock Monday, expecting the company’s shares will rise 21% as sales of its new line of iPhone are “stronger than muted expectations.” “We are modestly raising our iPhone volume forecasts and expect investor sentiment
Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading: Bed Bath & Beyond — Shares of Bed Bath & Beyond jumped 7% after WedBush upgraded the home goods retailer to outperform from neutral, saying the revamped board of
When most investors think of the cannabis industry, they don’t think of huge, reliable streams of income. Source: Shutterstock I know that. And based on the reaction to my first-ever Cannabis Cash Weekly summit, a lot of folks are still trying to wrap their heads around what I told them. That they can … Invest in
As we enter the final quarter of 2019, most companies are getting ready to report earnings. Today, I’d like to discuss three tech stocks that will likely exhibit volatility and profit taking in the coming weeks. Specifically, the three tech stocks to sell are Facebook (NASDAQ:FB), Nvidia (NASDAQ:NVDA) and Tesla (NASDAQ:TSLA). With these stocks, you may consider waiting
Just last week, it appeared as though the U.S.-China trade situation was headed to one of its darkest places yet as President Donald Trump threatened a risky plan to delist Chinese companies trading on major U.S. exchanges. Source: rafapress / Shutterstock.com Fortunately, cooler heads prevailed on that front with the Treasury Department saying over the
Crude oil falls as Iran talks to talk of peace Words and actions are a different story Three reasons to buy dips in crude oil On September 14, the attack on Saudi oilfields that temporarily knocked out 50% of output amounting to 6% of world’s supplies caused a price spike in both WTI and Brent
CNBC’s Jim Cramer on Friday called Wells Fargo‘s selection of veteran banking leader Charles Scharf as its new CEO a “brilliant move.” “This was a job that was offered to Charlie a while ago. And Charlie didn’t want to take it,” Cramer said. “But I think the opportunity was just too great, was my understanding.”
Check out the companies making headlines before the bell: Beyond Meat – McDonald’s is testing a new “PLT” – a plant, lettuce, and tomato sandwich – that uses Beyond Meat’s plant-based patties. The tests will take place in 28 restaurants in Canada. Accenture – The consulting firm earned $1.74 per share for its fiscal fourth
It’s not often that the outlook for a stock improves dramatically in a week’s time without an earnings report. But Apple (NASDAQ: AAPL) stock investors have a lot more to smile about today than they did just a week ago. Early feedback on iPhone 11 sales has been mostly positive. And Apple made an underrated
Shopify (NYSE:SHOP) has been a star for ahile, but it looks as if the shine on Shopify stock is beginning to fade. Source: justplay1412 / Shutterstock.com To be fair, they’re not alone. Lately, there has been a deflating of many tech high-fliers. Just look at the drops in stocks like Slack (NYSE:WORK), Roku (NASDAQ:ROKU), Workday (NASDAQ:WDAY)
Thursday was a back-and-forth session, but by the time the closing bell rang, the bears were on top. The S&P 500 ended the session down 0.24%, and still very much on the fence. Source: Shutterstock UnitedHealth Group (NYSE:UNH) was one of the key reasons stocks couldn’t stay in the black. Shares fell another 3%, logging
China’s President Xi Jinping and U.S. President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. Nicholas Asfouri | AFP | Getty Images U.S. consumers are getting increasingly anxious about the trade war with China despite a recent thaw in the tensions ahead of the trade
Ari Emmanuel Dan Steinberg | Invision | AP In a surprising move, Endeavor pulled its IPO just before it was set to price, signaling a possibly softer market for other initial offerings, after a disappointing debut by Peloton Interactive earlier Thursday. The difficult market environment for such high profile IPOs was seen as a negative
Let’s face it. Everything is about technology these days. Want to watch a movie? Turn on your smart TV, open Netflix (NASDAQ:NFLX), and pick a show. Want to figure out how to make a sandwich? Take out your smartphone, open Alphabet’s (NASDAQ:GOOG, NASDAQ:GOOGL) YouTube, and watch a short instructional video. Want to listen to a song?
Here’s a bit of sobering news for Exxon Mobil (NYSE:XOM) bulls. Ten years ago, Exxon Mobil was a $70 stock. Today, XOM stock trades hands around $70. In other words, XOM stock hasn’t gone anywhere over the past decade. During that stretch, the S&P 500 has risen nearly 200%, Amazon (NASDAQ:AMZN) stock has jumped nearly
U.S. stock futures are trading higher this morning. Ahead of the bell, futures on the Dow Jones Industrial Average are up 0.18%, and S&P 500 futures are higher by 0.23%. Nasdaq-100 futures have added 0.19%. Source: Shutterstock In the options pits, put volume made a comeback, rising to match call demand. Overall volume levels remained
Randal Quarles, vice chairman of supervision at the Federal Reserve, at the NABE Economic Policy Conference in Washington, D.C., U.S. on Feb. 26, 2018. Joshua Roberts Washington, D.C. — The U.S. economy is chugging along nicely even as worries over the country’s trade policy are hurting business investment, a top Federal Reserve official said Friday.
Check out the companies making headlines before the bell: Wells Fargo – Wells Fargo named Bank of New York Mellon CEO Charles Scharf as CEO, effective October 21. Wells Fargo has been without a permanent CEO since Tim Sloan left the bank earlier this year. BNY Mellon named CFO Thomas Gibbons as its interim CEO.
It’s been easy to criticize Tesla (NASDAQ:TSLA) and its brash CEO, Elon Musk. For years, Musk has specialized in overpromising and underdelivering, hurting TSLA stock in the process. Source: Sheila Fitzgerald / Shutterstock.com He’s developed something of a habit of suggesting he doesn’t think his company will need to raise more cash, only to issue
As goes the U.S. economy, so go U.S. banking stocks. Thus, it should be no surprise that as the U.S. economy has slowed since early 2018, shares of Bank of America (NYSE:BAC) have struggled. Specifically, from January 2018 to present, Bank of America stock hasn’t gone anywhere. That’s a near 20 month stretch of zero