Month: February 2019

This morning, Square (NYSE:SQ) stock initially dropped before quickly reversing course. The payments processors reported fourth-quarter numbers that were largely above expectations, but included a mixed guide. Investors were initially disappointed by a weak Q1 profit guide. But they shrugged that off, and instead focused on an above-consensus full-year 2019 revenue and profit guide. Consequently, SQ
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It’s another choppy session on Wall Street as investors react to better-than-expected fourth-quarter GDP data and try to interpret continuous trade-deal headlines that keep crossing the wire. All the while, individual stocks continue to put together big-time moves. Let’s look at a few top stock trades to get see which are standing out the most.
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General Electric CEO Larry Culp has simplified the company’s report techniques and could be on the right path to fix the challenges in its power division, CNBC’s Jim Cramer said Wednesday. Culp, who became chief of GE in September, delivered his first annual letter to shareholders on Tuesday that Cramer said made a significant departure
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Federal Reserve Chairman Jerome Powell sidestepped a verbal hand grenade in his Congressional testimony on Tuesday. Sen. John Kennedy, R-LA, asked Powell where he stood on recent trial balloons to restrict the ability of corporations to buy back stock. Powell reflected for a moment and said that the allocation of capital has always been left
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Check out the companies making headlines after the bell: L Brands shares fell more than 8 percent in extended trading after posting mixed fourth-quarter earnings and weak full-year guidance. The retail company posted $4.85 billion in revenue, compared to the $4.88 billion forecast by analysts. Earnings per share were $2.14, beating Wall Street’s expectation of
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Wall Street loves to use acronyms to group together stocks to buy through a common theme. The most famous of these acronyms is FANG, or Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL). FANG was coined by Jim Cramer in 2013 to represent the future of the digital economy through the world’s four
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Shares of Best Buy (NYSE:BBY) soared higher on this morning, after the big box electronics retailer reported fourth-quarter numbers. Best Buy beat top- and bottom-line expectations, boasted impressive comparable sales growth and delivered an above-consensus fiscal 2020 guide. BBY stock jumped 16% higher in response. Although I’m not a huge fan of chasing rallies, I
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Although the soft-drink giant Coca-Cola (NYSE:KO) earned an unfortunate reputation as a boring investment, it now makes an attractive case. With multiple twists and turns in the economic and geopolitical landscape, KO stock provides a measure of stability. Conservative investors have long relied on its consistent dividends. The issue, though, was that the KO stock
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Check out the companies making headlines after the bell: After being halted for volatility, Weight Watchers shares cratered as much as 28 percent after hours Tuesday after posting dismal fourth-quarter earnings and weak full-year guidance. Missing on the top and bottom lines, the weight-loss and wellness company earned $330 million in revenue, missing Refinitiv estimates
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While the overall markets have been mostly in an uptrend this year, Tesla (NASDAQ:TSLA) stock has been anything but. Rather, it’s been a wild ride. TSLA stock began the year by hitting roughly $350 in January before plunging to $285 by the month’s end. Elon Musk & Co. would see a nice bounce back to
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