Stocks | Common News Update

Jun122019 by adminNo Comments

Stocks making the biggest moves after hours: Dave & Buster’s, Medidata, and more

Customers play a basketball arcade game at a Dave & Buster's Entertainment Inc. location in Pelham, New York.Timothy Fadek | Bloomberg | Getty ImagesCheck out the companies making headlines after the bell:Shares of entertainment and restaurant company Dave & Buster's fell 17.6% during extended trading after missing earnings and revenues estimates and lowering guidance for the fiscal year. The company reported earnings of $ 1.13 per share on $ 364 million in revenue for its first quarter, falling short of the earnings of $ 1.14 per share on $ 372 million in revenue expected by analysts polled by Refinitiv.Dave & Buster's also lowered full-year revenue guidance, saying it now expects revenue between $ 1.365 billion and $ 1.39 billion. It previously forecast revenue between $ 1.37...

Jun62019 by adminNo Comments

Advisors down on crypto but give cannabis stocks and passive investing a thumbs up: survey

Finance

Jose Luis Pelaez | Iconica | Getty ImagesCryptocurrencies are out and cannabis stocks are in, according to the latest investing trends survey by the Financial Planning Association.The 392 financial advisors who participated in this year's study, the 2019 Trends in Investing Survey, said that 55% of their clients have asked about investing in marijuana stocks and companies in the past six months.The proportion of clients inquiring about cryptocurrencies, on the other hand, fell to just 25% this year, from 53% in 2018. This was the first year the survey asked advisors about cannabis stocks.For their part, advisors remain highly skeptical of cryptocurrencies as an asset class. Just 1% of survey respondents believed they are a viable investment option that has a place in a portfolio. Another 1...

Jun32019 by adminNo Comments

Market bull cuts exposure to stocks due to new Mexico tariff threat

Finance

Long-time market bull Phil Orlando just cut his exposure to stocks.The Federated Investors chief equity market strategist cites President Donald Trump's new threat to impose 5% tariffs on Mexico imports for the decision. "In light of this growing uncertainty and expanded downside risk, we opted to pull in our horns a bit this morning, and we lowered our 8% equity overweight in our PRISM asset allocation moderate growth portfolio to 5%," Orlando wrote in Friday's commentary. "We added the 3% into our cash overweight."Despite making the defensive move, Orlando contends U.S. economic fundamentals remain solid, and they should ultimately support stocks. It's a sentiment he echoed during Thursday's interview on the ongoing U.S.-China trade war on CNBC's "Futures Now. " "When it does ...

May92019 by adminNo Comments

Stocks making the biggest moves after hours: Disney, Fox, Roku and more

Finance

Check out the companies making headlines after the bell: Shares of Disney popped in extended trading after the mass media company reported second-quarter results that beat expectations on the top and bottom lines. The company reported earnings of $ 1.61 per share on revenue of $ 14.92 billion, topping analysts' estimates of $ 1.58 per share on revenue of $ 14.36 billion. CEO Bob Iger announced that "Avengers: End Game" will be streaming exclusively on Disney+, the company's soon-to-be-launched streaming service, starting Dec. 1....

May72019 by adminNo Comments

Trade war fears are crushing stocks, and sell-off could keep going if there is no deal by Friday

Finance

Investors are worried the U.S. and China may not find enough common ground to head off a new round of tariffs later this week that could bite into global growth, squeeze profit margins and drive down stock prices.Trade negotiators are scheduled to meet this week in Washington, but recent tensions make it less likely a deal will be agreed to before the Trump administration unleashes a new round of tariffs. Analysts say a deal is still possible, but the risks have risen that there will be more tariffs before a deal can be agreed, and it could then take a lot longer than expected for an agreement to be hammered out.Stocks plunged and bonds rose in a safety trade Tuesday, after the Trump administration set the clock ticking on a 12:01 a.m. ET Friday deadline for raising tariffs to 25% on $ 200...