Finance

The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Chevron Karen Finerman was a buyer of CBS Brian Kelly was a buyer of the 20+ Yr Treasury Bond ETF Dan Nathan was a buyer of the Energy ETF Trader disclosure: On November 1, 2018 the following
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Check out the companies making headlines before the bell: Apple – Apple reported quarterly profit of $2.91 per share, above the consensus estimate of $2.78 a share. Revenue also beat expectations, however its shares are being pressured by weaker-than-expected iPhone shipment numbers, as well as a weaker-than-expected revenue forecast for the current quarter. Starbucks –
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Apple’s stock sank in Friday’s premarket, a day after the company reported disappointing iPhone shipment data and provided guidance for its first fiscal quarter that fell short of analyst expectations. But Wall Street analysts told clients on Friday they were concerned about management’s decision to stop breaking apart iPhone unit sales, an insight some investors
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A monster rally for the stock market is coming, Wells Fargo’s head of equity strategy, Chris Harvey, told CNBC on Thursday. He says the recent sell-off has unlocked value and created a “great opportunity.” “People act as if this was a spectator sport, not a contact sport. We want people to pick up that value,”
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The Bahrain-based private equity firm Investcorp has said it is ready to ramp up investment in the United States, citing the country’s booming economy. At the end of June, Investcorp had about $22.6 billion in assets under management. The firm has previously stated that it wants to take that to $50 billion within 5 to
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The stock market hasn’t peaked yet, Guggenheim’s head of investing told CNBC on Friday. Instead, right now it is going through a “classic seasonal adjustment,” said Scott Minerd, the firm’s global chief investment officer and chairman of investments. Guggenheim has $265 billion of assets under management. “Markets tend to continue to rise until after the
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Cleveland Federal Reserve President Loretta Mester did not use the exact phrase “data dependent,” which was so popular under previous central bank chief Janet Yellen, but on CNBC’s “Squawk Box” Friday she repeatedly said that economic numbers “inform our outlook” on interest rates. Her comments came as investors and traders continue to parse statements by
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of JPMorgan Steve Grasso was a buyer of Lennar Karen Finerman was a buyer of Bank of America Dan Nathan was a buyer of Snap Trader disclosure: On October 25, 2018 the following stocks and commodities mentioned or
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REUTERS/Ronen Zvulun Eyal Waldman, President and CEO of Mellanox Technologies poses for a photograph at the company’s headquarters in Yokneam, in northern Israel July 26, 2016.  Mellanox Technologies, which makes hardware that helps power supercomputers and Ethernet products used in data centers, has hired a financial adviser to seek a sale after receiving takeover interest
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Check out the companies making headlines after the bell: Amazon shares fell as much as 9 percent in after-hours trading after the company released a mixed third-quarter earnings report. The tech giant reported earnings of $5.75 per share, much higher than the $3.14 per share analysts expected. However, the company missed on revenue, reporting $56.58
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