TRI Pointe Group CEO Douglas Bauer on Tuesday told CNBC he saw a “momentum shift” in the first quarter of 2019. “The consumer is definitely more engaged,” he said in a one-on-one interview with “Mad Money’s” Jim Cramer. An amalgamation of local housing companies, TRI Pointe has surged more than 19% this year along with
The Apple logo is seen on the window at an Apple Store on January 7, 2019 in Beijing, China. Kevin Frayer | Getty Images Check out the companies making headlines after the bell: Shares of Apple soared more than 5% in extended trading Tuesday following the release of the tech giant’s better-than-expected earnings for the
There’s one long-running issue with Nokia Corporation (NYSE:NOK): a lack of consistency. That’s true for Nokia as a company, and it’s been true for Nokia stock as well. Source: Shutterstock After a 10% decline on Thursday following NOK’s disappointing Q1 earnings report, Nokia stock now sits where it did back in early 2012. Shareholders have
Tuesday’s action just goes to show how strong the stock market has been. Despite an 8% drop in Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) following its earnings disappointment, the stock market was down but holding up pretty well. Eventually it took a tumble in what looked like it may be the start to the pullback so many have
Zoom founder and CEO Eric Yuan Victor J. Blue | Bloomberg via Getty Images Video-conferencing software company Zoom has earned a bull on Wall Street. AB Bernstein initiated coverage on Zoom with a outperform rating on Tuesday, while setting a 12-month price target at $89 for the stock, which would translate into a 41% gain.
Traders work at the New York Stock Exchange in New York, the United States. Xinhua News Agency | Getty Images We’re at the half-way mark for first quarter earnings. With 261 companies reporting in the S&P 500, earnings are up 0.7% on a blended rate, according to Refinitiv. “We have avoided an earnings recession —
Warren Buffett, Chairman and CEO of Berkshire Hathaway. David A. Grogan | CNBC Berkshire Hathaway’s deal to put cash into Occidental Petroleum is classic Warren Buffett, but it is also unusual in that Berkshire is assisting what could be viewed as a hostile takeover bid, something it has mostly shied away from in the past. Berkshire and
U.S. equities are under pressure on Tuesday after Google parent Alphabet (NASDAQ:GOOGL,NASDAQ:GOOG) dropped hard on disappointing quarterly numbers. Adding to the bad feelings was a soft China manufacturing activity report. All eyes turn to Apple (NASDAQ:AAPL), which will be reporting results after the close. Analysts are looking for earnings of $2.36 per share on revenues
While the biotech sector saw early gains in 2019, the selling pressure has picked up steam recently as the government continued its scrutiny over the Medicare system and the pricing model for drugs. Not only are biotechnology stocks lower, but so are drug stores and drug plan suppliers. But this could be creating an interesting
As the earnings season moves forward, many investors may be wondering whether they should add new stocks to their portfolios. In that case, I’d like to suggest three bank stocks that you may want to take a closer look at: JPMorgan (NYSE:JPM), Toronto-Dominon Bank (NYSE:TD) and HSBC Holdings plc (ADR) (NYSE:HSBC). Each of these bank stocks are
Due to increasing political pressure and public discontent, the pharmaceutical industry, as well as healthcare in general, has gone volatile. For instance, the benchmark exchange-traded fund VanEck Vectors Pharmaceutical ETF (NASDAQ:PPH) is down 4% since the beginning of March. A notable exception? GW Pharmaceuticals (NASDAQ:GWPH) stock. A few days ahead of its second quarter of
Just a mere three years ago, Under Armour (NYSE:UAA, NYSE:UA) stock was practically uninvestable. Although UA benefited from its well-recognized brand, the athletic-apparel company was spending far too aggressively, and racking up too much debt. Source: Shutterstock Under Armour stock was on the verge of what would end up being more than a 75% setback.
Larry Culp, CEO, General Electric Source: CNBC General Electric‘s start to 2019 was good enough to win the slightest bit of praise from a Wall Street analyst who has become well known for his skepticism on the company’s businesses amid its attempted turnaround. “On net, better than we were expecting at face value, and with
Check out the companies making headlines before the bell: Alphabet — The Google-parent reported better-than-expected earnings but its stock dropped nearly 8% in the premarket after posting a slowdown in advertising revenue growth. The company said its ad revenue grew by 15.3% in the first quarter, down from 24.4% in the year-earlier period. General Electric
If you were looking for confident guidance for the markets, JPMorgan Chase (NYSE:JPM) just threw a monkey wrench. Generally speaking, folks on the street have a cautious approach to investing right now, and for good reasons. The U.S.-China trade war didn’t enjoy the promised quick resolution. Moreover, this is the longest bull market in history.
Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) stock doesn’t get the respect it deserves. It doesn’t have the momentum-trade moniker, yet it quietly acts like one. This happened the day it became part of the famed FANG group of mega caps, joining momentum stocks like Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX). Source: Shutterstock So on the way down,
With oil prices rallying over the past month, it makes sense to revisit the stock of energy behemoth and dividend aristocrat Exxon Mobil Corporation (NYSE:XOM). Source: Shutterstock Dividends are often the focus when it comes to companies that have consistently generated cash flow and consequently have been able to raise their dividends in both up
U.S. stock futures are diverging this morning due to differing earnings announcements driving some sectors higher, but others lower. Heading into the open, futures on the Dow Jones Industrial Average are up 0.22%, and S&P 500 futures are lower by 0.04%. Nasdaq-100 futures have shed 0.28%. In the options pits, volume patterns were lackluster yesterday
Picking up where they left off on Friday, traders lifted the market to another record close on Monday. The S&P 500’s close of 2,943.03 was 0.11% better than last week’s close, though on oddly light volume. Investors are less willing to plow in the higher stocks climb, particularly without a clear economic catalyst. Yesterday’s triumph
Kiosks for ordering food sit in the dining area of a McDonald’s restaurant located inside the company’s new corporate headquarters on June 4, 2018 in Chicago. Scott Olson | Getty Images McDonald’s is reporting first-quarter earnings before the bell Tuesday. Here’s what Wall Street is expecting, according to a survey of analysts by Refinitiv. Earnings