Traders are using options to make big bets on Deere, Palo Alto Networks, and Hewlett Packard Enterprise ahead of earnings next week. Deere reports on Wednesday before the bell, and while traders are bullish on the stock ahead of the report, they’re not anticipating a monster gain. Last month traders […]
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Cramer: Crushed retail stocks show some life because ‘Amazon can’t destroy everybody’
Retail stocks are trading higher because investors have realized the “death star” known as Amazon “can’t destroy everybody,” CNBC’s Jim Cramer said. The SPDR S&P Retail ETF (XRT), an exchange-traded fund that tracks the performance of retail stocks in the S&P 500, was more than 2 percent higher Friday. The […]
Buyer beware, the Cisco rally could be nothing more than a short squeeze, strategist says
It may not be a comeback. Cisco shares surged to 16-year highs this week, as the ’90s tech darling posted better-than-expected earnings, but one strategist warns the rally is nothing more than a short squeeze. According to Larry McDonald, founder of the Bear Traps Report, short interest ratio in Cisco […]
General Electric shares rise after CEO John Flannery discloses personal purchase of 60,000 shares
The leader of embattled General Electric is stepping up and buying the company’s shares with his own personal funds. General Electric Chairman and CEO John Flannery disclosed he purchased 60,000 GE shares at a stock price of $18.27 on Wednesday in a government securities filing. The transaction is worth nearly […]
Comcast’s Fox offer is all stock, focuses on international assets, cable networks and Hulu — sources
Comcast and 21st Century Fox are in talks about a sale of Fox’s worldwide entertainment and distribution assets to Comcast for Comcast stock, according to people familiar with the situation. The talks are ongoing, but no deal is near. Comcast, which has a very limited international presence, is focused on […]
This chart shows why the stock market can stop freaking out about high yield — for now
The high-yield market may not be sending the freak-out signal the stock market thought it was just two days ago. Brad Rogoff, Barclays head of credit strategy, screened the performance of the bonds in the Bloomberg Barclays High Yield Index high yield index that are publicly traded against the equities […]
One of the year’s hottest stocks is about to rip even higher
Shares of Nvidia have almost doubled this year, and Todd Gordon says the party’s not over yet for one of the year’s hottest chip stocks. Nvidia shares have rallied more than 98 percent this year, making it the sixth-best-performing stock in the S&P 500. “The strong story stock in the […]
Wall Street suddenly thinks Wal-Mart is ‘playing offense’ against Amazon as shares hit record high
As shares rebound to all-time highs, Wall Street suddenly thinks Wal-Mart is ‘playing offense’ against Amazon. Shares of Wal-Mart rallied more than 10 percent to record highs Thursday on the heels of a big earnings beat thanks to the company’s ramping up online sales. If the gains hold until the […]
These stocks are trading at extremes, and they could go even higher
Several stocks are trading at extreme levels, and a top technician says one name has even more room to run. In the S&P 500, 17 stocks are trading 25 percent or more above their 200-day moving average. Among them are Nvidia, Michael Kors, PayPal, Estee Lauder and PulteGroup. Although retailer […]
Shares of home goods retailer RH soar 25% on strong forecast
Shares of RH popped 25 percent on Thursday after the company issued guidance stronger than Wall Street analysts expected. The company expects adjusted earnings per share between $1.02 a share and $1.04 a share. Analysts were expecting RH to issue guidance of about 80 cents per share. “Our updated third […]