Time Warner‘s Warner Bros. has yet to score a billion-dollar global hit with its series of interconnected DC comics movies, despite featuring heavyweights like Batman and Superman. The studio’s latest blockbuster, the superhero team-up “Justice League,” appears poised to extend the streak. The movie is pacing for a $96 million […]
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Thanksgiving week is usually good for stocks
Stocks have a good chance of trading higher in the week ahead, if the typical Thanksgiving holiday week trading patterns take over. The S&P 500 has averaged a gain of 0.6 percent during Thanksgiving week, and has been higher 75 percent of the time since 1945. In the years when […]
‘Justice League’ faces a steep climb to $1 billion as middling reviews roll in
Time Warner‘s Warner Bros. has yet to score a billion-dollar global hit with its series of interconnected DC comics movies, despite featuring heavyweights like Batman and Superman. The studio’s latest blockbuster, the superhero team-up “Justice League,” appears poised to extend the streak. As the North American opening for “Justice League” […]
Black Friday week usually pushes retail stocks into the black, history shows
In the week leading up to Black Friday and in the days thereafter, the clear outperformers in the stock market are the retailers participating in the holiday shopping phenomenon themselves. The shares are already on the comeback trail heading into Thanksgiving week 2017, as companies including Nike, L Brands, Wal-Mart, […]
Traders betting on Deere, these other stocks ahead of earnings next week
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 […]
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 […]