Month: April 2019

CSX Transportation‘s Tuesday earnings call gave some insight into what stocks could be worth playing, Cramer said. “If you want to get an honest read on the economy, forget the government data from the Commerce Department,” he said. “You got an incredible snapshot of the economy from CSX, the best railroad around with a stock
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Worries about discord on Capitol Hill seems to transcend political affiliation. Among participants, nearly half of Republicans pointed to politics as a major concern facing the economy, Bankrate.com found. Meanwhile, 45% Democrats and 42% of Independents agreed that the political climate is the biggest threat. The findings suggest that Americans are looking for action from
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Morgan Stanley on Wednesday posted profit and revenue that exceeded analysts’ expectations on better-than-expected results in wealth management and fixed-income trading. The bank said it generated $2.4 billion in first-quarter profit, or $1.39 per share, compared with the $1.17 estimate of analysts surveyed by Refinitiv. Morgan Stanley’s revenues of $10.3 billion beat the $9.94 billion
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PepsiCo shares jumped to a record high on Wednesday after the beverage and food giant reported quarterly earnings and revenue that topped analysts’ expectations, thanks to continued growth internationally and by its Frito-Lay snack business. Shares of the company rose 3% during morning, to a record $126.85 per share and boosting the market value to
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J.B. Hunt Transport Services‘ downbeat earnings call on Monday should put to rest any ideas that the economy is too strong and that the Federal Reserve should tighten interest rates again, CNBC’s Jim Cramer said Tuesday. The trucking and transportation company’s stock sank nearly 5% after missing Wall Street’s expectations and blaming low volume on
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Samyukta Lakshmi | Bloomberg | Getty Images Bob Swan, interim chief executive officer and chief financial officer of Intel Corp., reacts during the inauguration of the company’s research and development facility in Bengaluru, India, Nov. 15, 2018. Intel said on Tuesday that it’s dropping out of the 5G smartphone market just hours after Qualcomm and
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Rockwell Automation Inc.: “I think that Rockwell Automation is a good stock to buy. I actually think it’s about to break out of here after a prolonged period where it’s just been marking time. And I also see … a reverse head and shoulders, just in case you might be a budding technician. PG&E Corp.:
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Check out the companies making headlines after the bell: Netflix shares dropped as much as 8% in extended trading Tuesday after posting better-than-expected first-quarter earnings and disappointing second-quarter guidance. The streaming platform posted earnings per share of 76 cents, beating estimates of 57 cents. Revenue was $4.52 billion, topping Wall Street’s estimates of $4.5 billion,
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David Paul Morris | Bloomberg | Getty Images Reed Hastings, chairman, president and CEO of Netflix Inc. Netflix CEO Reed Hastings isn’t worried about Disney+ or Apple TV+. Netflix called out the two new streaming services, both which plan to launch later this year, in its quarterly shareholder letter accompanying its Q1 ’19 earnings report.
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Netflix is set to report earnings after the bell Tuesday. BK Asset Management’s Boris Schlossberg says investors only care about one thing and it has him seeing flashbacks to Amazon’s early years. “With Netflix as always it’s about subscriber growth, that’s really what the stock is trading on right now,” Schlossberg, the firm’s managing director
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“A combined (private/federal, ungrad/grad) student loan balance pushing $100,000.” “Getting into $70K student loan debt from my undergraduate degree from a public university.” Survey participants had a lot of regrets when it comes to student loan debt. American borrowers collectively owe more than $1.5 trillion in students loans, according to the St. Louis Federal Reserve.
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