Business
Under Armour raises outlook as earnings and revenue beat expectations
Under Armour shoes are seen inside of a store on November 03, 2021 in Houston, Texas. Brandon Bell | Getty Images Under Armour reported holiday quarter earnings Wednesday that beat Wall Street’s expectations, but the retailer is contending with a growing inventory glut that heavy promotions and discounting failed to alleviate. The company’s stock rose […]
Read More
Stocks making the biggest moves premarket: Uber, Chipotle, Microsoft, Lumen and more
Check out the companies making headlines in premarket trading. Uber said it is “currently responding to a cybersecurity incident” after reports that a hacker compromised its systems. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Uber — The ride-hailing app’s shares rose more than 7% after it posted fourth-quarter earnings that topped analyst […]
Read More
Fast-food giant Yum Brands tops expectations, led by strength in Taco Bell
Signage is displayed outside a Yum! Brands Inc. Taco Bell and Kentucky Fried Chicken (KFC) restaurant in Louisville, Kentucky, U.S., on Thursday, Jan. 30, 2020. Luke Sharrett | Bloomberg | Getty Images Yum Brands on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by strong same-store sales growth at Taco Bell. Overall, the restaurant […]
Read More
Jim Cramer says Activision Blizzard is a buy, but wait on Take-Two Interactive
CNBC’s Jim Cramer on Tuesday said Activision Blizzard is better positioned in the short term than rival Take-Two Interactive. Both video game companies reported earnings this week. Activision Blizzard Shares of Activision Blizzard rose about 5.6% Tuesday after the company reported a revenue beat in its most recent quarter. Cramer said that while all eyes […]
Read More
Cramer’s lightning round: Parker-Hannifin is a buy
Parker-Hannifin Corp: “It’s just the kind of industrial I’ve been recommending. … I would buy it here.” Conocophillips: “That thing is like a fine Merlot, my friend. I would buy all you can right here.” Snowflake Inc: “I like Snowflake. I will go with [CEO Frank] Slootman. He is a money maker.” Zscaler Inc: “The […]
Read More
Jim Cramer says to not lose sight of investing fundamentals despite the bull market
CNBC’s Jim Cramer on Tuesday told investors to stay selective with stocks despite the market’s strong run. “I just want you to have a real earnings cushion with real buybacks or real dividends — ideally both — and I can’t feel comfortable recommending anything without them,” he said. The market rose on Tuesday after Fed […]
Read More
Chipotle Mexican Grill misses expectations for earnings, revenue and same-store sales
A Chipotle restaurant and signage is seen on February 09, 2022 in Miami, Florida. Joe Raedle | Getty Images Chipotle Mexican Grill on Tuesday reported weaker-than-expected quarterly earnings and revenue as it said customers pulled back on their restaurant spending. “As we got around the holidays, we just didn’t see that pop, that momentum, that […]
Read More
Another way to play the early 2023 market comeback: Volatile stocks that trade at a discount
For investors seeking ways to play this year’s stock market comeback, looking at cheap, volatile names might lead to big gains. Stocks are off to a stronger start than many investors expected heading into 2023. Not only is the S & P 500 more than 6% higher this year, the Nasdaq Composite has gained more […]
Read More
Delta raises employee pay 5%, second increase in a year
Nurphoto | Nurphoto | Getty Images Delta Air Lines is raising employee pay 5%, the second time its lifted staff pay in less than a year as a sharp rebound in travel boosts the carrier’s profits and the U.S. labor market remains tight. Delta raised employee pay 4% in May, the first increases since before […]
Read More
Biden to revisit ‘billionaire minimum tax’ in State of the Union address
President Joe Biden delivers the State of the Union address on March 1, 2022. Win Mcnamee | Getty Images President Joe Biden will again call for a “billionaire minimum tax” during his State of the Union address on Tuesday. While details haven’t been released, Biden previously proposed a billionaire minimum tax in his 2023 federal […]
Read More