Trading Ideas
Palo Alto Networks Declines on Disappointing Outlook
Cybersecurity company tops expectations for 1st-quarter 2020 revenue and pro forma earnings Continue reading… …read more […]
Month: November 2019
Business News
Best Buy signals robust holiday shopping demand with upbeat forecast
Best Buy Co Inc signaled it expected a strong holiday shopping season by forecasting fourth-quarter profit above Wall Street estimates on Tuesday, sending shares of the biggest U.S. consumer electronics retailer up over 8%.
Business News
Abercrombie & Fitch trims forecast as Hollister, international business drag
Teen apparel retailer Abercrombie & Fitch Co trimmed its annual sales growth forecast on Tuesday, blaming political issues from Brexit to the Hong Kong protests for keeping customers away from its stores outside the United States.
Trading Ideas
Google fires four, claims they violated data security policy
Google has fired four workers for what the company claims are violations of its data security policies. However, employees are saying it’s not that simple, alleging that Google is now retaliating for recent employee protests. Yahoo Finance’s Brian Sozzi, Alexis Christoforous and Dan Howley break it down on The First Trade. …read more […]
Trading Ideas
Canada Rail Strike Ends as CN Rail, Union Get Tentative Deal
(Bloomberg) — A week-long rail strike that halted shipments of oil, grains and potash across Canada, threatening to take a multibillion-dollar bite out of the economy, is over.The Teamsters Canada Rail Conference union said it reached a tentative deal with Canadian National Railway Co. and normal operations will resume at 6 a.m. on Wednesday. About 3,200 conductors and railyard workers walked off the job Nov. 19 over issues such as working conditions and drug benefits.CN Rail shares rose 0.9% to C$121.97 in Toronto after losing 1.4% during the strike.The deal must now be ratified by Teamsters members via secret-ballot electronic …read more […]
Business News
U.S. new home sales fall in October; September revised higher
Sales of new U.S. single-family homes unexpectedly fell in October following recent strong gains, but the overall housing market remains supported by lower mortgage rates.
Trading Ideas
Alibaba’s Hong Kong listing soars in debut
Shares of the Chinese e-commerce giant Alibaba soared in its debut on the Hong Kong exchange. Yahoo Finance’s Editor-in-Chief Andy Serwer joins Alexis Christoforous and Brian Sozzi to discuss on The First Trade. …read more […]
Business News
NYSE to permit capital raise as part of a company’s direct listing
The New York Stock Exchange (NYSE) said on Tuesday it had filed with the U.S. Securities and Exchange Commission to allow companies going public through a direct listing, instead of a traditional initial public offering, to raise capital.
Business News
It’s not just trade hopes fueling the U.S. stocks rally
Wall Street stocks have leap-frogged over a host of concerns, including a stall in corporate earnings and political controversy in Washington, on their way to record highs this month.
Trading Ideas
Hedge Funds Are Crazy About Chevron Corporation (CVX)
The market has been volatile in the last few months as the Federal Reserve finalized its rate cuts and uncertainty looms over trade negotiations with China. Small cap stocks have been hit hard as a result, as the Russell 2000 ETF (IWM) has underperformed the larger S&P 500 ETF (SPY) by more than 10 percentage […] …read more […]
Trading Ideas
Did Hedge Funds Drop The Ball On General Electric Company (GE) ?
Hedge funds are known to underperform the bull markets but that’s not because they are terrible at stock picking. Hedge funds underperform because their net exposure in only 40-70% and they charge exorbitant fees. No one knows what the future holds and how market participants will react to the bountiful news that floods in each […] …read more […]
Trading Ideas
Should You Avoid Honeywell International Inc. (HON)?
Is Honeywell International Inc. (NYSE:HON) a good equity to bet on right now? We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among hedge fund investors have historically outperformed the market after […] …read more […]
Trading Ideas
‘We should not expect a happy ending’ in US-China trade war: expert
China is vowing to crack down on intellectual property theft, aiming to address a major hurdle in trade negotiations with the U.S. …read more […]
Trading Ideas
Is General Motors Company (GM) A Good Stock To Buy?
The first quarter was a breeze as Powell pivoted, and China seemed eager to reach a deal with Trump. Both the S&P 500 and Russell 2000 delivered very strong gains as a result, with the Russell 2000, which is composed of smaller companies, outperforming the large-cap stocks slightly during the first quarter. Unfortunately sentiment shifted […] …read more […]
Trading Ideas
Lowe’s Companies, Inc. (LOW): Are Hedge Funds Right About This Stock?
Hedge funds are known to underperform the bull markets but that’s not because they are terrible at stock picking. Hedge funds underperform because their net exposure in only 40-70% and they charge exorbitant fees. No one knows what the future holds and how market participants will react to the bountiful news that floods in each […] …read more […]