Black Friday and Cyber Monday are almost here. Maybe you’ve been making plans for weeks to hit the mall after your Turkey Day dinner and get a jump start on holiday gifting, taking advantage of retailers’ extensive deals and doorbusters. Or maybe you avoid leaving the house altogether — the […]
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The stocks Amazon is killing are showing signs of life ahead of holidays
The retailers that are being crushed by Amazon have rallied in the past two weeks ahead of the holiday shopping period, but if history is a guide, they could underperform again after Thanksgiving. Bespoke Investment Group’s “Death by Amazon” index includes 62 brick-and-mortar retailers whose businesses have been hurt by […]
Marvell CEO on creating an internet of things infrastructure ‘pure play’ with Cavium acquisition
Marvell Technology Group President and CEO Matt Murphy told CNBC that he wasn’t expecting the market to react so positively to Marvell’s $6 billion deal to buy fellow chipmaker Cavium. “We’re actually pleasantly surprised,” Murphy told “Mad Money” host Jim Cramer on Tuesday. “The reaction we’ve gotten over the last […]
Trader who tried to bet against tech changes his tune
The Nasdaq 100 just entered its longest bull market ever, rallying for nine years without a 20 percent decline, and that has one trader changing positions on his former bet against big tech. On Oct. 19, TradingAnalysis.com founder Todd Gordon made a bet that the Nasdaq 100-tracking ETF (QQQ) would […]
If you want to know which mergers will be approved, follow the money
Strategas Research analyst Dan Clifton says AT&T appears to have failed in its lobbying efforts for its Time Warner deal, and there’s risk that the Bayer AG/Monsanto merger won’t go through for the same reason. Clifton, head of Strategas policy research, has set up a proprietary system to evaluate lobbying […]
Forget FANG. These four tech stocks are outperforming this year, adding $600 billion in market cap
“FANG” is so yesterday. The so-called FANG stocks – Facebook, Amazon, Netflix and Google-parent Alphabet – are surging this year, up a respective 58, 52, 58 and 32 percent and adding a combined $600 billion in market cap. Despite the monster gains, another group of tech stocks is still outperforming. […]
7 stress-relief gifts that are great year-round
For most people, the holiday season is a time not only for festivities, parties and moments with family, but it also marks at least a few days of much-needed unwinding and downtime away from a stressful job. But who says relaxation needs to stop after vacation is over? While you […]
Bitcoin rebounds to all-time high, shrugs off cryptocurrency hack
Bitcoin prices recovered to reach a record high on Tuesday as investors in the space shrugged off news that another cryptocurrency was hacked. Bitcoin hit $8,362.30 earlier in the day, an all-time high. It traded 0.9 percent higher at $8,316.63 at 12:55 p.m. New York time, according to CoinDesk. But […]
Nintendo Switch, yoga pants and smaller brands set to win the holidays
The Nintendo Switch gaming console, yoga pants, gold accessories and Sherpa hoodies are some of Cowen & Co.’s favorite holiday gifts this season. The firm also thinks 2017 is a time for smaller brands, such as men’s shirt maker Untuckit, athletic apparel brand Outdoor Voices, and mattress retailer Casper, to […]
Boeing shares to rally to new record on ‘robust demand’ for aircraft: Jefferies
“Robust demand” for Boeing’s commercial aircraft presents a compelling investment opportunity, according to Jefferies analysis. A persistent pileup of commercial jet orders will lead Boeing to grow deliveries 6 percent annually through the next ten years, according to Jefferies’ Sheila Kahyaoglu. The analyst reiterated her buy rating and bumped her […]