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European stocks rebound as geopolitical fears abate; Aston Martin shares tumble

European stocks rebound as geopolitical fears abate; Aston Martin shares tumble

Finance
European shares traded higher on Tuesday amid an easing of concerns over geopolitical tensions in the Middle East. The pan-European Stoxx 600 climbed 0.7% early in the trading session, with tech stocks jumping out to 1.4% gains as all sectors and major bourses headed into the black. Market focus is largely attuned to geopolitical developments following Washington's targeted killing of Iran's top military commander Qasem Soleimani in Iraq. Equity markets fell the past two sessions amid a flight to safety, but look to be changing course as Monday passed with no new escalation in tensions. ...
Defense stocks could soar again in 2020 after massive defense spending jump

Defense stocks could soar again in 2020 after massive defense spending jump

Finance
U.S. Air Force F-16 Fighting Falcon aircraft assigned to the Thunderbirds perform aerial maneuvers on Aug. 3, 2014.Tech. Sgt. Chris Hibben | U.S. Air ForceWASHINGTON — Geopolitical uncertainty coupled with a colossal uptick in U.S. military spending could make defense stocks a winning trade once again in 2020.Under the Trump administration, the space has left the broader stock market in the dust. The iShares U.S. Aerospace & Defense exchange-traded fund (ITA) has rallied more than 70% since Nov. 8, 2016. The S&P 500, meanwhile, is up around 50% in that time. This year has been no different. The ITA ETF has surged more than 30% in 2019 while the S&P 500 has gained around 27%.Also, a historic boost to the U.S. defense budget should be a boon for defense stocks in 2020. The Pentag
Stocks making the biggest moves after hours: FedEx, Cintas, Steelcase and more

Stocks making the biggest moves after hours: FedEx, Cintas, Steelcase and more

Finance
A FedEx plane is parked at Ontario International Airport on February 4, 2019.Check out the companies making headlines after hours on Tuesday:FedEx — Shares of the shipping giant fell nearly 7% in extended trading on Tuesday after the company posted weaker-than-expected earnings. In the company's second quarter, FedEx reported adjusted earnings per share of $ 2.51, which is less than the $ 2.76 EPS analysts expected. Revenue came in at $ 17.32 billion compared to the $ 17.58 billion expected.Steelcase - The office furniture company's shares were up over 5% in extended trading after the company beat earnings and revenue expectations. The company reported earnings per share of 46 cents on revenue of $ 955 million. Analysts expected earnings per share of 35 cents and revenue of $ 935 million.C
Stocks making the biggest moves after hours: Lululemon, GE and Fiat Chrysler

Stocks making the biggest moves after hours: Lululemon, GE and Fiat Chrysler

Finance
A Lululemon sign hangs in front of their store at the Woodbury Commons Premium Outlets shopping mall on November 17, 2019 in Central Valley, New York.Gary Hershorn | Corbis News | Getty ImagesCheck out the companies making headlines after the bell:Shares of Lululemon Athletica slipped 5% during extended trading Wednesday despite the company's third-quarter earnings beat. The company earned 96 cents per share on revenue of $ 916 million, exceeding the earnings of 93 cents per share and revenue of $ 900 million analysts expected, according to Refinitiv. Same-store sales growth and gross margins also topped expectations, at 17% and 55.1%, respectively. Wall Street had expected same-store sales to increase by 14.4% and gross margins to increase by 54.6%.The mid-points of the company's fourth-q...
Stocks making the biggest moves after hours: Ulta, CrowdStrike, Zoom Video and more

Stocks making the biggest moves after hours: Ulta, CrowdStrike, Zoom Video and more

Finance
Pedestrians pass in front of an Ulta Beauty store in New York.Gabby Jones | Bloomberg | Getty ImagesCheck out the companies making headlines after the bell:Shares of Ulta spiked more than 9% during extended trading after the beauty retailer posted mixed third-quarter earnings and matched same store-sales estimates. The company earned $ 2.25 per share, exceeding the earnings of $ 2.13 per share analysts forecast. Revenue fell short, coming in at $ 1.68 billion, versus the $ 1.69 billion expected. Ulta matched same-store sales growth forecasts at 3.2%.Shares of Zoom Video Communications tanked as much as 11% despite the company's third-quarter earnings beat and strong fourth-quarter guidance, suggesting slower growth ahead. The company reported earnings of 9 cents per share excluding certain...