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 […]
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Chinese traders race to become a growing force in global copper trading markets
Chinese traders on the Shanghai Futures Exchange are increasingly influencing the price for copper, rather than on the London Metal Exchange, analysts say. “We’re seeing the center of gravity in the metals pricing shift to China,” said Dane Davis, commodities research analyst at Barclays. China accounts for nearly half of […]
Cisco stock pops 6% as earnings beat, solidifying a transformation toward the cloud
Shares of Cisco rallied on Thursday after the enterprise technology giant wowed Wall Street with better-than-expected earnings. The stock rose about 6 percent Thursday morning after about a dozen Wall Street analysts listed in FactSet raised their earnings expectations for Cisco going forward. Adjusted EPS: 61 cents per share, excluding […]
Buy Tesla shares ahead of big semi truck unveil, ‘major’ autopilot update: Analyst
Wall Street is eager to see Tesla’s new semi truck and hear updates on its autonomous driving technology ahead of the company’s event Thursday. Tesla’s leadership in autopilot technology and the semi truck’s performance is critical for one analyst at Nomura Instinet, who reiterated his buy rating on CEO Elon […]
Rockwell Automation shares surge after Emerson hikes takeover bid
Shares of Rockwell Automation jumped 8 percent in the premarket Thursday after Emerson Electric increased its takeover bid of the company. Emerson raised its bid to $225 per share, valuing Rockwell at $29 billion. Rockwell rejected Emerson’s $215 a share bid last month. “The industrial logic for this combination is […]
Bitcoin briefly jumps more than 11% after news Square is testing the digital currency
Bitcoin has again recovered quickly from a sharp drop. The digital currency briefly surged more than 11 percent Wednesday to a high of $7,336.80 , according to CoinDesk. That’s within 10 percent of its record high of $7,879.06 hit last Wednesday. Bitcoin had fallen 30 percent below that record over […]
China’s climbing bond yields raise new concerns for markets
Add Chinese bond yields to the list of indicators investors need to keep an eye on. In the summer of 2015 and the beginning of 2016 — the worst start to a year for U.S. stocks — investors were glued to the daily fix of the Chinese yuan against the […]
The market could tank, according to signals coming from the credit market
Credit markets are flashing an early warning about financial conditions and the economy, but even as stocks fall in response, strategists say it’s not yet time to bail on Wall Street’s bull market. But they do say there could be a pullback in a frothy market, and investors should take […]
Why a so-called bad omen for stocks is nothing more than ‘fake news,’ says technician
As equity markets hover just below all-time highs and volatility remains fairly muted, a key economic indicator is skidding to its lowest level since the global financial crisis. The benchmark yield curve, the spread between the 10- and 2-year Treasury yields, flattened to a fresh decade low on Wednesday. The […]
The selling finally stops in GE as shares rebound after 12% two-day dive
Maybe the worst has passed for General Electric after the company dropped more than 12 percent in two days and saw its worst trading day since 2009. The company rebounded above $18 a share Wednesday after falling as low as $17.50 earlier in the session. The trouble started Monday after […]