Check out the companies making headlines before the bell: American Eagle Outfitters — American Eagle reported quarterly profit of 43 cents per share, beating estimates by a penny a share. The apparel retailer’s revenue fell slightly short of Wall Street forecasts, however and American Eagle forecast weaker-than-expected current-quarter profit as it spends more on marketing
Check out the companies making headlines before the bell: General Electric — Bank of America/Merrill Lynch cut its price target on GE to $12 per share from $13 a share after GE CEO Larry Culp said the company’s industrial cash flow would be negative this year. J.P. Morgan Securities analyst Stephen Tusa, one of the
When stocks hit bottom just before the start of the bull market 10 years ago, Wall Street was littered with financial crisis losers, many trading in the single digits. CNBC looked at the price performance of S&P 500 members that have been publicly traded since the dark days of the financial crisis and found a
Check out the companies making headlines after the bell: American Eagle Outfitters shares fell more than 4 percent after hours Wednesday based on mixed fourth-quarter earnings and light first-quarter guidance. The retailer posted $1.24 billion in revenue, missing Refinitiv estimates of $1.26 billion. Earnings per share were 43 cents, topping estimates of 42 cents. The
Check out the companies making headlines midday Wednesday: General Electric — Shares of the global industrial company fell 6 percent Wednesday, adding to Tuesday’s losses after issuing a gloomy outlook in 2019. CEO Larry Culp forecasts negative net cash outflow from the industrial business this year, citing its struggling power-plant unit. J.P. Morgan analyst Stephen
Since the market bottomed during the financial crisis, the S&P 500 has gained more than 312 percent, but some individual stocks have gained thousands of times over. The S&P 500 cratered on March 6, 2009, when it reached an intraday low of 666. Its closing low came three days later, on March 9, at 676.
Check out the companies making headlines after the bell: Shares of NIO tanked more than 8 percent in extended trading after the Chinese electric automaker released its fourth-quarter earnings results, noting a slowdown in vehicle deliveries. “Deliveries of the ES8 in January and February 2019 were 1,805 and 811 vehicle respectively, which reflect a greater
Check out the companies making headlines midday Tuesday: Target — Shares of Target rose 4.73 percent after the company reported fourth-quarter results that surpassed analyst expectations. Target reported earnings of $1.53 per share, 1 cent higher than a Refinitiv estimate. Revenue came in at $22.977 billion, higher than expected. The retail company’s same store sales
Check out the companies making headlines before the bell: Target — The retailer reported adjusted quarterly profit of $1.53 per share, a penny a share above estimates. Revenue also beat forecasts. A comparable-store sales increase of 5.3 percent was above the consensus Refinitiv estimate of 5.1 percent, and Target also gave a better-than-expected full-year earnings
The possible framework of a trade deal with China has been making its way into media reports, and based on what they are seeing, some investors are treating the potential agreement warily. Stocks tumbled in a blistering sell-off Monday that sent the Dow down as much as 400 points at its worst levels before it
Check out the companies making headlines after the bell: Shares of Salesforce.com fell more than 3 percent in extended trading Monday after issuing weak first-quarter revenue guidance. The software company released better-than-expected fourth-quarter earnings, posting earnings per share of 70 cents on revenues of $3.60 billion. Wall Street expected earnings per share of 55 cents
Check out the companies making headlines midday Monday: Kraft Heinz — Shares of Kraft Heinz rose 3.4 percent after Morgan Stanley upgraded the food producer to equal weight from underweight. The bank noted that prior concerns like a dividend cut and an earnings shortfall have now been priced into the stock after its recent plunge.
Check out the companies making headlines before the bell: Tesla — Tesla plans to unveil its Model Y SUV on March 14. CEO Elon Musk tweeted that the vehicle will cost about 10 percent more than the Model 3 and have slightly less range. Separately, Tesla paid off a $920 million convertible bond in cash
Check out the companies making headlines midday Friday: Tesla — Shares of Tesla fell 7.58 percent after the company’s underwhelming announcement that it will be launching its standard Model 3. Barclays analyst Brian Johnson even called it the “un-iPhone moment.” The electric car maker also announced store closures and layoffs in an effort to reduce
The Atlanta Fed’s GDPNow initial model estimate shows negligible growth for the first quarter of just 0.3 percent. The Atlanta Fed notes that the initial estimate of fourth quarter real GDP growth, released Thursday, was 2.6 percent, or 0.8 percentage points above its final GDPNow model forecast that it released on Wednesday. The report, which
Job growth has remained vibrant despite the slow-growing economy, and that’s a trend investors are anxious to see confirmed in the February employment report on Friday. Even with some economists expecting growth around 1 percent for the first quarter, the labor market has been strong, and economists expect to see 185,000 jobs added in February.
Check out the companies making headlines before the bell: Foot Locker — The athletic footwear and apparel retailer reported adjusted quarterly profit of $1.56 per share, compared to the $1.40 a share consensus estimate. Revenue also beat estimates, and a comparable-store sales increase of 9.7 percent was more than double the 4.6 percent prediction of
A surprise jump in business spending boosted fourth-quarter growth to 2.6 percent, but economists say the first quarter could expand at half that pace due to the government shutdown and a sluggish consumer. Fourth-quarter GDP topped the 2.3 percent expected by economists, due in part to a 6.7 percent increase in equipment spending and a
Investors everywhere are watching the 2,800 level on the S&P 500 to see if the stock rally will fizzle there, or break through, signaling the potential for new highs. Stocks have been flat so far this week, with the S&P 500 mostly trading around 2,800, a technical level it has been challenged by four times
Check out the companies making headlines after the bell: Shares of Gap surged more than 20 percent after market close on Thursday based on news that the clothing company will split into two publicly traded companies, with Old Navy on its own. The other entity, not yet named, will include Gap, Athleta, Intermix, Banana Republic,