Stock markets
Stocks making the biggest moves midday: Dick’s Sporting Goods, Nordstrom, Wendy’s and more
Cars are seen parked in front of a Dick’s Sporting Goods store at Monroe Marketplace in Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading Wednesday. Dick’s Sporting Goods – Shares of the sporting goods seller jumped 11%, despite the company cutting its outlook […]
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Mark Mobius says the bear market still has a ways to go, keep cash on the sidelines
Mark Mobius, founding partner of Mobius Capital Partners, says stocks have more room to fall in this bear market, so investors should stay in cash for now. “We’ve got a ways to go,” Mobius told CNBC’s “Squawk Box” on Tuesday. “It may be time to start nibbling at certain individual stocks that look good, but […]
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Stocks making the biggest moves premarket: Dick’s Sporting, Express, Wendy’s and more
Check out the companies making headlines before the bell: Dick’s Sporting Goods (DKS) – The sporting goods retailer’s shares slid 14.4% in the premarket after it issued a weaker-than-expected outlook for the full year as it adjusts for what it calls challenging macroeconomic conditions. Dick’s reported better-than-expected profit and revenue for its latest quarter, and […]
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Barclays downgrades Best Buy as demand for consumer electronics slows
The near-term outlook for Best Buy looks bleak as demand for consumer electronics slows, according to Barclays. Analyst Karen Short downgraded shares of the electronics retailer to equal weight from overweight after the company missed earnings estimates in its fiscal first quarter and lowered its guidance for the year . “Our main concern is that […]
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Buy this exchange operator to defend ‘against the bear,’ Oppenheimer says
Investors looking to play defense in a beaten-up market riddled with volatility may find some relief in exchange operator CME Group, Oppenheimer says. Analyst Owen Lau upgraded CME Group to outperform from perform, saying in a note to clients that the exchange operator is a good pick for investors “defending against the bear.” “Our upgrade […]
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No recession ahead: Evercore ISI predicts S&P 500 will jump 22% from current levels
While retail investors head for the exits as stock prices sharply fluctuate, Evercore ISI’s Julian Emanuel wants to put money to work. He calls the market environment very ugly, but he believes the economy will avert a recession — particularly due to healthy credit markets and continued gains. “The path to higher [stock] prices really […]
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Stock futures rise following Tuesday’s losses in the Nasdaq
Traders on the floor of the NYSE, May 17, 2022. Source: NYSE U.S. stock futures rose on Tuesday night after the Nasdaq Composite dropped during the regular session, following a warning of slowing growth from social media company Snap that hurt the tech-heavy index. Dow Jones Industrial Average futures rose 111 points, or 0.4%. S&P […]
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Stocks making the biggest moves after hours: Nordstrom, Urban Outfitters and Intuit
A Nordstrom store in Irvine, California. Scott Mlyn | CNBC Check out the companies making headlines after hours. Nordstrom — Shares jumped 7% after the retailer surpassed earnings expectations and raised its full-year outlook. Nordstrom CEO Erik Nordstrom said the company has experienced a surge in demand from shoppers refreshing their closets for “long-awaited occasions.” […]
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Bond market counting on the Fed to do less when it comes to interest rate hikes
Stock investors have been scared by rising bond yields, and now bond investors are spooked by the bearishness of the stock market’s sell-off. The markets are worried about a softening economy and are now pricing in expectations that the Federal Reserve may not be able to raise interest rates as much as previously expected. “I […]
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When the market was tanking, these stocks were hitting all-time highs and could go even higher
While market losses were racking up, this group of stocks was breaking out to all-time highs and looks set for even more gains. The group is Big Pharma. It’s been long viewed as stodgy by investors looking for quicker price gains. Recently, however, as other stocks slid, these companies have become more attractive because of […]
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