The Fed issued its third rate hike of the year on Wednesday. While that could spell good news for Paypal (PYPL) in the near term, retailers Target Corporation (NYSE:TGT) and L Brands Inc (NYSE:LB) are among the worst stocks to own in the month after the central bank raises rates. Here's a closer look at how sentiment is stacked up on shares of TGT and LB ahead of what could be a difficult stretch....Read More
Transportation stock CSX Corporation (NASDAQ:CSX) is sliding today, last seen down 7.9% at $52.76, following news the company's CEO Hunter Harrison, who was hired earlier this year, is taking a medical leave. This comes just two days after the shares hit a record high of $58.35, and despite the pullback, they're still up 47% year-to-date. Plus, CSX earlier bottomed right above the 200-day moving a...Read More
Athletic wear stocks are back in focus this morning, including sector peers Nike Inc (NYSE:NKE) and Foot Locker, Inc. (NYSE:FL). Sportswear stocks (including Under Armour and Hibbett Sports) have seen a plethora of positive attention from analysts this week, and today NKE and FL are celebrating upbeat brokerage notes. Below, we'll take a look at how NKE and FL stocks are reacting today.Stifel Rai...Read More
Adobe Systems Incorporated (NASDAQ:ADBE) is up 1.1% to trade at $179.67, after the Creative Cloud parent reported fiscal fourth-quarter earnings and revenue that exceeded analyst expectations, and boosted its current-quarter profit forecast. Analysts have taken notice, with no fewer than nine brokerage firms raising their price targets, including BMO to $205 from $187. It's been an excellent year...Read More
Stifel downgraded Fitbit Inc (NYSE:FIT) to "sell" from "hold," with the brokerage firm saying a return to revenue growth next year could be a "high hurdle." Stifel went on to say that FIT's opportunity to develop and capitalize on new products within the digital health sphere has been "underwhelming to date." In reaction, FIT stock is down 5.4% to trade at $6.45 -- pacing for its biggest daily per...Read More
Dow Jones Industrial Average (DJIA) futures are trading more than 100 points above fair value, as stocks try to bounce back from yesterday's risk-off finish. Investors are hoping to see the much-awaited tax bill from congressional Republicans this afternoon, especially after Florida Senator Marco Rubio yesterday said he would vote "no" without a larger expansion of the child tax credit. On the eco...Read More
LONDON, 15 December 2017 - Today's edition of best-selling news magazine The Week quotes data and analysis from BullionVault in a report on how the Bitcoin mania may be denting investment demand for gold.One of the fastest-growing print magazines in the world over the last decade, The Week now sells 200,000 copies in the UK, making it one of the country's top weekly titles."BullionVault reports th...Read More
The Dow Jones Industrial Average (DJIA) finished lower and snapped a five-day winning streak, despite touching a fresh record high earlier in the day. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) followed the Dow lower in afternoon trading, hurt by struggling healthcare stocks andreports the Republican tax bill has encountered last-minute resistance. Specifically, two senators will rep...Read More
Since touching a record high of $117.65 in early November, the shares of Skyworks Solutions Inc (NASDAQ:SWKS) have dropped 19%. However, in the wake of the recent pullback in Apple suppliers -- exacerbated by bearish analyst attention today -- SWKS stock could be flashing a big "buy." Below, we'll take a look at the technical signal that's preceded pops for the tech stock in recent history.SWKS st...Read More
Overstock.com Inc (NASDAQ:OSTK) is ready to go all in on blockchain -- the technology behind bitcoin -- at least according to CEO Patrick Byrne. After the company yesterday announced its blockchain division will create a for-profit venture with Peruvian economist Hernando de Soto, Byrne told CNBCthat it is exploring three options to sell or reorganize the home goods e-commerce business. Here's a c...Read More
The shares of power provider NRG Energy Inc (NYSE:NRG) have pulled back since notching a two-year high of $29.78 about a month ago. However, if history is any indicator, bulls may want to buy the NRG stock dip -- or scoop up short-term calls, which are a relative bargain right now -- with the security sending up two "buy" signals recently.Signal 1: Pullbacks to 40-Day Have Been Buying Opportunitie...Read More
The Dow earlier hit another record high, as investors react to a busy day of economic data. Among the names making big moves are social media stock Twitter Inc (NYSE:TWTR), airliner Delta Air Lines, Inc. (NYSE:DAL), and brokerage services provider Siebert Financial Corp. (NASDAQ:SIEB). Here's a quick look at what's moving shares of TWTR, DAL, and SIEB. Call Options Popular as Twitter Stock Hits...Read More
The action across Wall Street could slow some during the last trading week before Christmas, but there should be enough economic data and important earnings releases to hold investors' attention. Most notably, a number of reports on the housing sector are set for release, as well as the final reading for third-quarter gross domestic product (GDP) on Thursday. On the earnings front, the main highli...Read More
Telecom and internet stocks are in focus today, with the Federal Communications Commission (FCC) expected to vote to repeal Obama-era net neutrality rules. The landmark ruling could lead to sweeping deregulation of the telecom and cable industry. If the Commission -- comprised of a Republican majority -- votes to walk back the rules today, it would be considered a victory for big telecom compani...Read More
U.S. stocks are trading higher this afternoon, with the Dow Jones Industrial Average (DJIA) soaring to yet another fresh record high, continuing at full speed toward a fifth straight record close and sixth straight daily win. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are higher as well, with the market still digesting the plethora of economic data released earlier today, as well as yes...Read More
While Walt Disney (DIS) gets all the attention today following its big M&A announcement, investors may want to watch media stocks Viacom, Inc. (NASDAQ:VIAB) and Discovery Communications Inc. (NASDAQ:DISCA). That's because both will be removed from the Nasdaq-100 Index (NDX) next week, and data from Schaeffer's Senior Quantitative Analyst Rocky White shows that stocks have historically outperformed...Read More
Tech stocks, and in particular, those with exposure to the internet, are in focus today, with the Federal Communications Commission (FCC) expected to repeal the Obama administration's net neutrality rules. Ahead of the highly controversial decision, Google parent Alphabet Inc (NASDAQ:GOOGL) and streaming giant Netflix, Inc. (NASDAQ:NFLX) are both trading higher, continuing to bounce back after the...Read More
As we noted yesterday, investors have been dumping silver at a rapid-fire rate lately, with some attributing the abandonment to the rise of bitcoin. Whatever the motive, the latest Commitment of Traders (CoT) data shows large speculators reduced their net long exposure on silver by nearly 28,000 contracts in the week ended Dec. 5 -- the biggest one-week decline ever recorded, per Schaeffer's Quant...Read More
Since its June bottom below $50, Target Corporation (NYSE:TGT) has mostly traded in a channel of higher highs and lows. More recently, TGT stock has outperformed the S&P 500 Index (SPX) by 11.5 percentage points during the past month, and today the shares are up 0.5% to trade at $62.97. Brokerage firm MKM Partners sees more upside ahead, too, even though the retailer last month gave an ugly holida...Read More
Athletic wear stocks are in focus this morning, including sector peers Under Armour Inc (NYSE:UAA) and Hibbett Sports, Inc. (NASDAQ:HIBB). Each sporting goods stock (as well as blue-chip Nike) received attention from Deutsche Bank ahead of the bell, with the analysts saying their confidence in athleisure is considerably higher heading into 2018. Below, we'll take a look at how UAA and HIBB stocks...Read More