Macy’s weaker-than-expected holiday sales results seems to be more of a Macy’s problem than a retail industry problem, CNBC’s Jim Cramer said Tuesday. Shares of the old-line department store operator saw their worst trading day ever after Macy’s reported lower holiday sales for the end of 2018 and slashed its earnings outlook for the year.
General Electric shares were under pressure Tuesday after longtime J.P. Morgan analyst Stephen Tusa said to avoid the stock into earnings later this month. “We think the recent stock move is built upon an expectation of more certainty in the path forward,” Tusa wrote in a note. The stock has soared more than 30 percent
General Electric’s upcoming earnings report will likely be “unfavorable” for the stock after its recent run up, J.P. Morgan said on Tuesday. “We think the recent stock move is built upon an expectation of more certainty in the path forward,” J.P Morgan’s Stephen Tusa told investors in a note. “If we don’t get much tangible”
The parent company of Calvin Klein and Tommy Hilfiger has “changed the narrative” for the retail sector, and its stock still has more upside, CNBC’s Jim Cramer said Monday after the major averages fell slightly on earnings worries. “PVH had a very rough time in the second half of 2018. Even though shares have rallied
NBC is doing a solid for the traditional pay-TV industry. Comcast‘s NBCUniversal plans to debut a free ad-supported streaming service to anyone that subscribes to a traditional pay-TV service, including competitors such as Charter, AT&T, Cox, and Dish, in the first quarter of 2020, the company announced Monday. For those that don’t subscribe to a
After an uncommonly strong three-week rally, the stock market is up 10 percent from the harrowing 20-month low it reached in a nearly unprecedented December meltdown. But the S&P 500 index is still 11 percent below its September record high and down 6 percent from a year ago. So what’s now priced into the market,
Ford Motor is gearing up to launch new electric cars as soon as next year, CEO Jim Hackett told CNBC on Sunday. Ford has previously announced its plans to invest $11 billion in electric vehicles by 2022 and produce 40 hybrid and fully electric cars, in a plan to revive its slowing business. However, the
While the majority of middle-class Americans in their 40s and 50s are saving for retirement, getting rid of debt is a more pressing concern.
Goldman Sachs is predicting that earnings growth in 2019 could be quite disappointing, advising clients to steer clear of companies leveraged to strong economic growth. In a research note to clients this weekend, the firm gave a forecast that should worry bullish investors, warning that big consumer brands were sounding a warning about corporate profits
Federated Investors’ Steve Chiavarone sees four unloved groups bouncing back this year: Dividend stocks, cyclical names, small caps and emerging markets. He’s pinning his bullish case on a Federal Reserve that may not be as aggressive in raising interest rates in 2019. “I think they’re prepared not to hike any time soon,” the fund manager
Call it the Apple turnover.
Credit scores have been steadily rising since the Great Recession, averaging over 700 for the first time ever. But if you’re not there yet, there is good news.
Lockheed Martin Corp.: “That’s not a growth stock. That is not a growth stock, not with Democrats taking over control of the House. I am not going to steer you toward Lockheed Martin. If you want growth, I suggest you do not look at the defense stocks.”
Part of the reason stocks have returned to normalcy after the market’s end-of-2018 carnage is a revival of the data center, CNBC’s Jim Cramer said Friday.
Uncle Sam may be on hiatus. That doesn’t mean your tax payments aren’t still due.
If the government shutdown lasts another two weeks, the total cost to the U.S. economy would exceed the price of building the proposed border wall. According to an estimate by S&P Global, it will only take another two weeks to cost the economy more than $6 billion, exceeding the $5.7 billion that President Donald Trump
Trader Matt Maley sees “a glimmer of hope” in American Airlines, despite its nosedive following its cut in profit expectations for 2018. The airline’s announcement sent shares down as much as 10.9 percent Thursday. It’s down more than 2 percent Friday morning. Appearing on CNBC’s “Trading Nation,” Maley noted on Thursday that as the market
Wall Street’s recent distaste with the retail sector is evidence that the economic layout is changing for public retail companies, CNBC’s Jim Cramer said Thursday as the group slid on holiday sales disappointments. “Welcome to the new economy,” Cramer said. “Going forward, you need to understand that not all retailers are created equal anymore, and