Market Insider

J.P. Morgan derivatives strategists recommended short term option bets on Masco, Carmax, C.H. Robinson, and Haliburton, based on their historic outperformance during post-hurricane rebuilding. Hurricane Florence is heading toward the coast of the Carolinas and is expected to dump high amounts of rain on the southeast U.S. when it makes landfall Friday. The bank said
0 Comments
Check out the companies making headlines after the bell: Pivotal Software shares tumbled more than 20 percent in after-hours trading despite reporting second-quarter earnings numbers that beat on both the top and bottom line. The San Francisco-based company reported revenues of $164.4 million, higher than the $158.2 million analysts expected. The company also reported a
0 Comments
Check out the companies making headlines after the bell: Sprint stock dipped as much as 1.8 percent in after-hours trading after the Federal Communications Commission released a letter pausing the transaction clock for the proposed merger of Sprint and T-Mobile. “Additional time is necessary to allow for thorough staff and third-party review of newly-submitted and
0 Comments
Oil rallied on concerns U.S. sanctions on Iran could hurt global supply, while gasoline rose as traders watched multiple storms approaching U.S. shores and the Gulf of Mexico. Hurricane Florence, a Category 4 hurricane, barreled toward the Carolinas Tuesday. But other smaller storms, such as Tropical Storm Isaac, are potentially more worrisome for the oil
0 Comments
Check out the companies making headlines after the bell: Sonos stock plunged more than 13 percent in after-hours trading after reporting third-quarter earnings, the company’s first quarterly earnings report since its initial public offering in August. The smart speaker company reported $208 million in revenue, meeting analysts’ expectations. Sonos also reported a loss of 45
0 Comments
If history is repeated, there could be some disappointment with the August employment report, even though hiring appears to be strong and the job market solid. Economists expect 191,000 nonfarm payrolls were added in August, following 157,000 in July, according to Thomson Reuters. The unemployment rate should dip to 3.8 percent form 3.9 percent, and
0 Comments