After five years of strong growth in apparel and footwear, Nike’s (NYSE: NKE) shareholders were rewarded with returns in excess of 100%. These returns greatly outpaced the 80% return delivered by the S&P 500 (NYSEARCA:VOO) over the same time frame. Unfortunately, 2016 was a tough year for Nike’s shareholders. Holders of Nike’s stock witnessed the stock price tumble over 15%....More>>>
General Motors Co. (NYSE: GM) on Tuesday posted total October U.S. sales of 258,626 vehicles, a decrease of 1.7% compared with October 2015. Retail deliveries rose 2.5 points for the year to date to 208,290 units, and fleet deliveries slipped 3.7 percentage points for the year to date.
GMs new vehicle sales for October were forecast at 246,512 by analysts at Edmunds.com. WardsAuto had estimated....More>>>
As Wall Street celebrates the eighth anniversary of the cyclical bull market on Thursday, two things stand out: a knock in oil prices amid a supply glut and high levels of pessimism that appear at odds with near-record levels of stock-market indexes.
Just when traders became comfortable, a jump in U.S. crude supplies knocked oil prices ....More>>>
Shares of Nevsun Resources (NYSEMKT:NSU) declined sharply, after the Q4 2016 earnings release. On Friday, shortly after the markets opened, Nevsun’s shares hit a low at $2.34. It is just shy of the multi-year low of $2.27, reached in January 2016. The share price managed to recover slightly and it closed at $2.72, which is close to the support level created during October 2016. Despite the....More>>>
Operators who have a large store concentration in B & C type shopping malls are getting crushed, and The Gap (NYSE:GPS) is exposed to these exact locations. In aggregate, monthly mall traffic declines are still averaging mid-single-digit territory so apparel retailers have two options: sustain their store footprint or downsize.
The question is, which is the better long term alternative?....More>>>
Investors might be giving up on the so-called reflation trade too soon, according to Deutsche Bank.Top 10 Heal Care Stocks To Buy Right Now: Oshkosh Corporation(OSK)
After months of political uncertainty, the American economy is somewhat back on track now. The second estimate for GDP shows that the U.S. economy grew 3.2% in the third quarter, faring better than the first estimate of 2.9% and the second quarter’s 1.4%.
Moreover, inflation is edging toward the desired 2% while the job market is looking up. These factors set the stage for an interest....More>>>
This year hasn’t been kind to General Electric (GE)–at least until today–but a note from Barclays contends that it might be time to start nibbling on the industrial giant.
Agence France-Presse/Getty Images
Shares of General Electric have dropped 3.8% so far this year, with everything from its accounting to weaker margins being blamed for its weakness. Barclays’....More>>>
A Snap Inc. banner covers the facade of the New York Stock Exchange, March 2, 2017, in New York, as the Snapchat IPO debuts.Snapchat surged in its debut trade Thursday, jumping more than 40 percent from the level set in the initial public offering Wednesday night. (Photo credit BRYAN R. SMITH/AFP/Getty Images)
After Snapchat’s successful initial public offering last week, I asked Robert....More>>>
Related KND Mid-Day Market Update: U.S. Stocks Turn Higher; Nivalis Therapeutics Shares Tumble After Failed Drug Trial 10 Notable Stocks Trading Ex-Dividend Thursday, November 17 Tracking Larry Robbins' Glenview Capital Management Portfolio – Q3 2016 Update (Seeking Alpha) Related QLTI Mid-Afternoon....More>>>