Maybe it is worth waiting for stocks like Wynn Resorts , names so cheap that they can’t be explained. On Friday, I spent a considerable amount of time with Wynn CEO Craig Billings at his incredible hotel, the gem of the Las Vegas strip, talking about his business and its cockamamie stock price. Wynn’s valuation…
Check out the companies making headlines in premarket trading: FedEx — Shares tumbled more than 8% after the parcel delivery company slashed its full-year guidance , citing “weakness” in the U.S. industrial economy. FedEx now said to expect between $18 and $18.60 in earnings per share after certain exclusions, down from the range of $19…
My top 10 things to watch Friday, March 21 1. Wall Street was heading for a lower open, with the Nasdaq down for the week. The S & P 500 was on the bubble and the Dow was tracking higher for the week. Club name Microsoft is trying to avoid its longest weekly losing streak…
Here are five key things investors need to know to start the trading day: 1. Slip ‘N Slide 2. Uncertain footing Nike shoes and logo are seen at a store in Nice, France, on May 28, 2024. Jakub Porzycki | Nurphoto | Getty Images Nike said sales during its holiday quarter fell 9%, dragged lower…
Shipping giant Hapag-Lloyd posts 2024 profit decline, flags ‘fragile’ environment The Toronto Express container ship, operated by Hapag-Lloyd AG at the Port of Hamburg in Hamburg, Germany, on Wednesday, Dec. 20, 2023. Maria Feck | Bloomberg | Getty Images German shipping giant Hapag-Lloyd on Thursday reported a 19% slide in annual group profit to $2.59…
Traders work on the floor of the New York Stock Exchange on Nov. 22, 2024. NYSE Stock futures were little changed Wednesday night. The action comes after the major averages rallied after the Federal Reserve stuck with its outlook for two interest rate cuts in 2025. Futures tied to the Dow Jones Industrial Average added…
The roller coaster ride that is the stock market lately is unlikely to come to an end anytime soon, with investors desperate for any clarity on the macroeconomic picture that could put a bottom in for equity prices. Wall Street is headed for a big week ahead, with economic data set to be scrutinized by…
The positives for the U.S. stock market were apparent heading into 2025. As February nears its end, however, the negatives are adding up. Last week, the Dow Jones Industrial Average and Nasdaq Composite suffered their worst weekly performances of the new year, losing 2.5% each. The S & P 500 dropped 1.7%, its second-biggest weekly…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Stocks on Monday were trying to bounce from Friday’s sharp selloff, which saw the S & P 500 post its biggest one-day pullback of the year. “I don’t know…
Check out the companies making headlines before the bell. Domino’s Pizza — Shares fell more than 3% after the pizza chain reported fourth-quarter numbers that missed expectations. The company earned $4.89 per share on revenue of $1.44 billion. Analysts polled by FactSet expected a profit of $4.90 per share on revenue of $1.48 billion. U.S….