April 11, 2018: Markets opened lower Wednesday and the blue chippers spent the entire day trading in the red. The tech-heavy Nasdaq popped in to the green for much of the day but was losing ground in the last hour and the S&P 500 was also trading down. Trump’s comments related to missiles raining down on Syria made for a subdued start to the day while the CPI report was not strong enough....More>>>
BNP Paribas Arbitrage SA decreased its stake in Sturm Ruger & Company Inc (NYSE:RGR) by 13.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,668 shares of the company’s stock after selling 2,298 shares during the period. BNP Paribas Arbitrage SA owned 0.08% of Sturm Ruger & Company....More>>>
The cryptocurrency stumbled out of the gates this week, with most major currencies trading up or down more than 2 percent on Monday. Here’s a look at some of the headlines that were moving the cryptocurrency market today and which currencies were on the move.
Berkshire Hathaway, Inc. (NYSE: BRK-A) (NYSE: BRK-B) CEO and legendary investor Warren Buffett once again....More>>>
Either low-income Americans became rich this Black Friday, or Wal-Mart’s (NYSE:WMT) marketers do not know what they are doing.
For years, $133,653 Cartier watches and expensive jewelry were sold in upper scale stores, where high income Americans prefer to shop on Black Friday.
This year, Cartier watches are being sold on the Walmart.com site.
But who will buy them?....More>>>
It wasn’t bad enough that Target (TGT) released disappointing guidance yesterday and promptly fell 5.8%. No. Now Goldman Sachs analyst Matthew Fassler and team have to cut the struggling big-box retailer to Sell from Neutral. They explain why:
Agence France-Presse/Getty Images
Our $67, 12-month price target implies 0% upside vs. 10% average upside for our coverage universe. We....More>>>
Mid cap network communication platform makerUbiquiti Networks Inc (NASDAQ: UBNT) reportedfiscal Q4 2017 earnings before the market opened with shares surging 16.56% when the market closed. Revenues increased 23% year-over-year and 4.7% sequentially to $228.6 million, primarily driven by continued strong demand for new product offerings across the Company’s product lines. Enterprise Technology....More>>>
The NFL has partnered with Amazon (AMZN, Tech30) to stream Thursday Night Football games during the upcoming season.
The deal will be for one year, will include 10 games and cost Amazon $50 million.
Before the deal was announced, Twitter (TWTR, Tech30), Facebook (FB, Tech30) and YouTube were also in the running for the livestreaming rights.
During the 2016-2017....More>>>
FRANCK FIFE/AFP/Getty Images Is Chinas central bank trying to dry up liquidity?
Beijing is tightening credit, putting pressure on Chinese assets and leaving investors to wonder if the ripples will spell trouble for U.S.....More>>>
July 7, 2017: Markets opened slightly higher Friday buoyed by a better-than-expected jobs report. The tech and consumer discretionary sectors led the gainers while the energy and telecom sectors were the laggards. WTI crude oil for August delivery settled at $44.23 a barrel, down 2.8% on the day and down 3.9% for the week following another increase in the oil and gas rig counts. August gold dropped....More>>>
I expect AT&T (NYSE: T) to perform in line with its peers. I believe there could be further upside from DTV synergies and the Mexican mobile investments as the company’s foray into major Latam markets presents a diversification away from the uncertainties of U.S. wireless competition. I have a $44 price estimate for AT&T, which is about 15% ahead of the current market price.