The Club’s 10 things to watch Tuesday, Aug. 19 1. Club name Palo Alto Networks answered the bell with its quarterly results and guidance, sending shares up 6% this morning. The numbers make it clear that Palo Alto’s blockbuster CyberArk acquisition was made from a position of strength , not weakness in its core business….
With chatter today that the government is nearing taking a 10% stake in Intel, I guess I shouldn’t be shocked the bruised tech giant is hoping to gain some Street cred on its future product roadmap by tapping Softbank and Masa for cash. Embattled Intel CEO Lip Bu Tan also gains a Trump friend in…
Investors stayed on the sidelines on Asian markets Tuesday after Wall Street treaded water ahead of talks in the White House on ending the Ukraine war (-STR) Asian markets were little changed Tuesday after Wall Street treaded water and US President Donald Trump held what he called “very good” talks with Ukrainian and European leaders…
(Refiles to correct spelling of Macron’s first name in paragraph 12) By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Many world markets took a breather on Monday as investors awaited the outcome of U.S. President Donald Trump’s extraordinary meetings with Ukraine’s Volodymyr…
Meta Platforms sees largest increase in short interest of any U.S. stock this year, S3 says Meta Platforms, which dropped 2.3% on Monday, has seen the largest increase in short interest of any U.S. stock this year, according to S3 Partners, which specializes in tracking the activity of short sellers, who try and profit from…
Mainland Chinese stocks rose on Monday, driving a key gauge to a decade high amid increasing signs that investors have been rotating out of bonds and bank deposits into equities in hunt for better returns. The Shanghai Composite Index advanced 0.9 per cent to 3,728.03 at the close, a level not seen since August 19,…
President Trump has recently offered a few choice words on the work from Goldman Sachs’ economics team, led by long-time economist Jan Hatzius. The team is unlikely to garner some praise from Trump today. Here’s what Hatzius and his team served up in a new note on Monday morning: “After the recent downward revisions to…
All eyes will turn to Federal Reserve Chairman Jerome Powell on Friday, when he is scheduled to deliver a highly anticipated speech at a central bank conference in Jackson Hole, Wyo. The annual event previously has served as an opportunity for policymakers to tease forthcoming rate moves. Last year, Powell signaled a pivot to cuts,…
The S & P 500 is riding back-to-back winning weeks into an important stretch of retail earnings and a much-anticipated Federal Reserve retreat. Indeed, Fed Chairman Jerome Powell’s keynote address and a trio of Club earnings reports are the biggest events on our radar in the week ahead. Outside the portfolio, Walmart also reports, and…
Markets ended the week largely unfazed by a hotter wholesale inflation print and signs of firming consumer prices, but some economists warn the underlying story is more concerning than investors seem to believe. The Producer Price Index (PPI) for July surged to a three-year high, with services inflation playing a key role in the gains….