Like a teen’s pair of jeans, J.C. Penney’s (JCP) stock has been torn to shreds. The department store lowered its full-year same-store sales, profit and earnings forecast Friday, predicting that its sales will be flat at best or fall by 1%. It cut its adjusted earnings from 40 cents to 60 cents to 2 cents […]
The sky is falling for Advanced Micro Devices . Or at least, that’s how it feels. AMD stock fell almost 15% last week and opened Monday’s trading session lower by 6% before bouncing slightly so far in early trading. Analysts at Morgan Stanley downgraded shares of Advanced Micro Devices to underweight from equal weight, moving […]
There were eight initial public offerings (IPOs) on the calendar last week and six succeeded in gaining access to the public markets. The total amount raised over $2 billion and the average first-day pop was around 13.7%. Nine IPO’s are on the coming week’s calendar and they are looking to raise a combined total of […]
Gold market-timers are not bearish enough — yet There is not enough skepticism among gold timers to support a big rally in gold and gold mining shares. But we may be getting close. It was nearly four months ago when I last devoted a column to a contrarian analysis of gold market sentiment. I argued […]
A growing number of firms are sounding the alarm on investor cash levels that have dropped near the lowest levels in history. Low cash levels are a threat to the ongoing equity bull rally, because it signals that investors are running out of money they can use to keep the market going higher. The stock market has […]
Everybody knows what “the cloud” is, right? It’s, like, internet storage or something? Sure. Yeah. I wanted to go a little deeper. I wanted to know exactly what it is, where it is, who owns it, who runs it, and how it works. So I did a little travel, conducted some interviews—and last Sunday, “CBS […]
REUTERS/Brendan McDermid Billionaire investor Warren Buffett made a lot of people feel better about historically stretched stock prices earlier this month. Speaking in an interview with CNBC on October 3, the chairman and CEO of Berkshire Hathaway said, “Valuations make sense with interest rates where they are.” The investment community breathed a sigh of relief. After all, […]
By Apeksha Nair REUTERS – Gold slipped on Monday on a firmer dollar and stronger Asian equities, but stayed above the key psychological level of $1,300. The metal gained about 0.9 percent on Friday after U.S. President Donald Trump warned he might ultimately end a 2015 nuclear agreement with Iran and after data showed underlying […]
At least six Egypt companies plan to list by end of next year Franklin Templeton says state company IPOs would boost market Egypt’s stock market is shaping up to be the Middle East’s hot spot for initial public offerings next year. At least six companies plan IPOs by the end of 2018, following two sales […]
NEW YORK (Reuters) – Shares of China’s No.2 e-commerce firm JD.com <JD.O> are a better deal for investors than Alibaba Group’s <BABA.N> stock and could rise 30 percent or more over the next year, Barron’s said on Sunday. JD.com’s shares have underperformed Alibaba’s since the beginning of August due to misplaced concerns, and JD.com stands […]
Let’s hope that Jeff Bezos likes cheeseburgers. Carl’s Jr., the fast food franchise known for its smutty ads, is mooching on Amazon.com, Inc. (AMZN – Get Report) to acquire it through a series of facetious tweets starting early Monday morning, Oct. 9. Along with sister chain Hardee’s, the hamburger-and-hot-dog brand could be worth about $1.7 billion, per […]
Benchmark Capital, one of Uber’s largest shareholders who has previously sued its former CEO Travis Kalanick, has declined to waive its right of first refusal over the upcoming tender offer. Less than a week after ride-hailing firm Uber Technologies Inc. cleared the way for a significant investment by SoftBank Group Corp. (SFTBY) , a potential […]
