Tag: stocks

Oct312019 by adminNo Comments

Stocks making the biggest moves after hours: Pinterest, Beigene, Arista Networks and more

A Pinterest banner hangs on the facade of the New York Stock Exchange (NYSE) in New York City, September 22, 2017Brendan McDermid | ReutersCheck out the companies making headlines after the bell:Shares of Pinterest plummeted 20% after the bell following the company's third-quarter revenue miss. The company pulled in revenue of $ 279.7 million, while analysts had forecast $ 280.6 million. Pinterest posted earnings of 1 cent per share, topping the 4 cent loss per share expected, according to Refinitiv.Pinterest reported 322 million monthly active users, exceeding the 312 million investors projected. Average revenue per user fell just shy of estimates, however, coming in at 90 cents compared to the 91 cents per user expected.Shares of Beigene skyrocketed more than 30% after Amgen announced it...

Oct302019 by adminNo Comments

An Elizabeth Warren presidency may not be as bad for stocks as some investors fear, strategist says

Finance

An Elizabeth Warren presidency would likely be tough on some sectors, but it might not hit stock markets as hard as feared, a Jefferies strategist suggested on Wednesday.Warren, a Democratic presidential 2020 frontrunner, has bashed the rich — proposing a wealth tax — and lambasted the financial industry among other sectors. As the Massachussetts senator climbs in Democratic presidential polls, a growing pool of investors warn that her win would result in major losses for the U.S. stock market."In our industry ... there's a general perception that it would be a significant equity market correction, if she were to win," said David Zervos, chief market strategist at Jefferies. "She would change returns on capital expectations, earning expectations, regulations would go up, taxes would go up,

Oct202019 by adminNo Comments

Stocks will likely hit new records in the week ahead if earnings keep topping expectations

Finance

Stocks will try in the week ahead to break the all-time highs set earlier in the year as a slew of S&P 500 companies get set to report.The S&P 500 and Dow Jones Industrial Average are both around 1% below their all-time highs while the Nasdaq Composite is about 2% away from its record. The indexes got a lift this after a big chunk of this week's reporters posted better-than-expected results. They were also boosted by improving sentiment around Brexit and U.S.-China trade negotiations.The all-time highs could be tested as about 120 S&P 500 companies, or around 24%, are scheduled to release their quarterly results in the week ahead. Some of those companies include Caterpillar and Boeing, both of which are expected to report Wednesday before the bell. Amazon, Intel, McDonald's and...

Oct122019 by adminNo Comments

These stocks could be the biggest winners if the US completes this phased trade deal with China

Finance

US President Donald Trump shows a letter from Chinese President Xi Jinping as he announces and initial deal with China while meeting the special Envoy and Vice Premier of the People's Republic of China Liu He Special Envoy and Vice Premier of the People's Republic of China Liu He at the Oval Office of the White House in Washington, DC on October 11, 2019.Nicholas Kamm | AFP | Getty ImagesThe U.S. and China agreed to the first phase of a "substantial" trade deal that delays tariff hikes scheduled to kick in next week. These stocks are set to win the most from the resolution, if it can be completed.CNBC's proprietary "China Trade Index" jumped nearly 2.5% on Friday on the partial deal announcement. The 25 companies in the index are among those with the biggest China revenue exposure and the ...

Sep222019 by adminNo Comments

Wall Street bull Ed Yardeni predicts stocks will fly 17% between now and 2021

Finance

With the S&P 500 about one percent from its all-time highs, Wall Street bull Edward Yardeni is predicts a record breakout is coming.The Yardeni Research president believes between now and the end of next year, the index will soar 17% from current levels."I've got 3,500 as my target for next year," he told CNBC's "Trading Nation" on Friday. "We'll get there on higher earnings with maybe somewhat higher valuation as the perception continues to be that interest rates aren't going up much, if at all."Despite the major indexes breaking a three week win streak on Friday, Yardeni highlights the market's recent composure for his latest bullish forecast. He gives the drone attack on Saudi Arabia's infrastructure last weekend as an example of what could have been easily viewed as a strong cataly...