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Buying Opportunity Or 1987 Again? Bulls, Bears Battle On PreMarket Prep
Friday, December 28, 2018 - 11:19am | 945The S&P 500 has been all over the chart in recent weeks, teetering on the edge of bear market territory before roaring back with one of the best single days in history. Several market experts weighed in on the health of the market and strength of the U.S. economy during Thursday’s...
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Nike Leads Dow After Rock-Solid Q2 Report: A Sell-Side Roundup
Friday, December 21, 2018 - 3:45pm | 1017Nike Inc (NYSE: NKE) shares are soaring higher in spite of overall market turmoil after reporting a big second-quarter earnings beat after the close Thursday. The world’s largest sportswear company delivered earnings of 52 cents per share, beating estimates by 6 cents. Revenue came in at $9.4...
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What's Next For Rent-A-Center?
Wednesday, December 19, 2018 - 4:22pm | 383Furniture and electronic goods rent-to-own retailer Rent-A-Center Inc (NASDAQ: RCII) terminated a merger agreement with Vintage Capital Management, which prompted an immediate sell-off in the stock. An Upgrade Raymond James' Budd Bugatch upgraded Rent-A-Center's stock rating from Market...
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Sell-Side Analysts React To Olive Garden Parent Company's Earnings Beat
Wednesday, December 19, 2018 - 12:19pm | 632Darden Restaurants, Inc. (NYSE: DRI), best known for its Olive Garden and LongHorn Steakhouse brands, reported an EPS beat and slight revenue miss in its fiscal second quarter while management lifted its outlook higher. Here is a summary of how some of the Street's top analysts reacted to the...
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Under Armour Slides After Five-Year Plan Fails To Excite Investors
Thursday, December 13, 2018 - 2:16pm | 826Under Armour Inc (NYSE: UAA) shares took a nosedive Wednesday after the highly anticipated five-year plan unveiled at its Investor Day meeting failed to impress investors. CEO Kevin Plank introduced the company’s 2023 strategic growth plan at the meeting and said it was designed around two...
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What China's iPhone Ruling Means For Qualcomm And Apple
Tuesday, December 11, 2018 - 1:53pm | 662Qualcomm, Inc. (NASDAQ: QCOM)'s ongoing dispute with Apple Inc. (NASDAQ: AAPL) expanded Monday after a Chinese court sided with Qualcomm and banned the import of many iPhone models in the country. Here is a summary of how some of the Street's top analysts reacted to the report and the...
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How Should Investors Play Dollar Tree After The Q3 Report?
Saturday, December 1, 2018 - 3:58pm | 672Dollar Tree, Inc. (NASDAQ: DLTR) reported Thursday with mixed third-quarter results and a downward revision to its full-year fiscal 2018 EPS and revenue guidance. Dollar Tree CEO Says Retailer Nearing An Inflection Point Dollar Tree CEO Gary Philbin told CNBC's Jim Cramer in an interview that...
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2 Pro Takes On Campbell Soup's Deal With Activist Investor
Tuesday, November 27, 2018 - 1:44pm | 570Activist investor Dan Loeb and his Third Point struck an agreement Monday with Campbell Soup Company (NYSE: CPB) in which two of Third Point's slate of directors will be added to the food company's board. Shares of Campbell Soup moved lower after the announcement, and at least two...
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Target Falls After Q3 Print: Should Investors Buy The Dip?
Wednesday, November 21, 2018 - 3:11pm | 662Target Corporation (NYSE: TGT) reported Tuesday with third-quarter results that disappointed investors and sent the stock tumbling. Now that shares are on track for their roughest patch since the financial crisis, should investors be concerned about more downside ahead or buy the dip...
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What To Do With Nvidia's Stock After 20% Fall?
Friday, November 16, 2018 - 1:24pm | 900Chipmaker Nvidia Corporation (NASDAQ: NVDA) reported Thursday its third-quarter results in which revenue fell short of expectations and management's guidance for the fourth quarter also missed. Here is a summary of how some of the Street's top analysts reacted to the print and the stock...
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Macy's Receives Mixed Analyst Reaction After Q3 Earnings Beat, Sales Miss
Thursday, November 15, 2018 - 1:08pm | 453Macy's Inc (NYSE: M) shares were trading down more than 3 percent Thursday, one day after reporting a third-quarter sales miss. The retailer delivered Q3 earnings of 27 cents per share, beating estimates by 13 cents. Sales fell short, coming in at $5.404 billion and missing estimates...
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The Street Reacts To Home Depot's Q3 Beat
Wednesday, November 14, 2018 - 12:52pm | 685Do-it-yourself home improvement retailer Home Depot Inc (NYSE: HD) reported third-quarter results Tuesday morning its which came in better than expected while management lifted its full year sales and profit forecast. Here's how some of the Street's analysts reacted to the print. The...
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Should Investors Buy Lumentum After Monday's Plunge? The Street Debates
Tuesday, November 13, 2018 - 1:52pm | 827Shares of Lumentum Holdings Inc (NASDAQ: LITE) plummeted more than 30 percent Monday after revising its guidance lower after an un-named industrial and consumer customer, most likely Apple Inc. (NASDAQ: AAPL), lowered its orders. Here is a summary of how some of the Street's top analysts...
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Berkshire Hathaway's Share Buyback: What You Need To Know
Monday, November 5, 2018 - 1:31pm | 410At a time when share buybacks are at or near record highs, one company has been notably absent from the trend — until now. What Happened Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) just bought back close to $1 billion of its own stock. The company hasn't bought back shares...
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GE Shares Dipped Under $10 For The First Time Since April 2009
Wednesday, October 31, 2018 - 10:08am | 480For the first time in nearly 10 years, shares of General Electric Company (NYSE: GE) traded below the $10 per share mark. GE's stock lost 8 percent Tuesday after the global conglomerate giant reported its third-quarter results and slashed its dividend payout from 12 cents per share to a penny....