Investing

Even the company dubbed “the Netflix of China” can’t change CNBC’s Jim Cramer’s opinion on Chinese IPOs. “In the midst of the trade tensions with the People’s Republic, China-based companies keep coming public here and their stocks have been roaring,” the “Mad Money” host said Thursday. “Many of these names, though, [are of] dubious quality.”
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Walgreens Boots Alliance is not a market innovator. As a consumer retail outlet primarily for the pharmaceutical industry, the firm’s intellectual property holdings are negligible. Where industry leaders have been focused on drug-interaction detection, drug counterfeiting, customizable dosing and the like, Walgreens is dependent on the technology of others. The majority of Walgreens’ pending patents
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Financial stocks were thought to be the market’s darlings at the beginning of 2018, as a marriage between the Trump administration’s deregulation efforts and an increasingly hawkish Federal Reserve should have created the sector’s picture-perfect environment. The price action couldn’t have been more different. Financials badly underperformed the broader market in the first half of
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Luke Sharrett | Bloomberg | Getty Images A shopper carries an Insignia Roku TV television at a Best Buy Co. store in Louisville, Kentucky, U.S.,  Roku stock is primed for a comeback as the online streaming platform starts to leverage its role as a leading over-the-top television provider, Oppenheimer says. Oppenheimer analyst Jason Helfstein on
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Billy H.C. Kwok | Bloomberg | Getty Images People use mobile devices to take photographs of a fountain outside the Wynn Macau casino resort, operated by Wynn Resorts Ltd., in Macau, China, on Tuesday, Jan. 30, 2018. Casino stocks fell sharply on Monday on weaker-than-expected gaming revenue data out of Macau. Macau’s Gaming Inspection and
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The fanatical interest has also waned for other cryptocurrencies. Ethereum is down 40 percent this year, while XRP has dropped about 80 percent. Litecoin has fallen 64 percent, while bitcoin cash is down 70 percent in the same time frame. The entire cryptocurrency market has shed 57 percent of its value after starting January with
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P.F. Chang’s is looking for a new owner. Centerbridge Partners and the board of managers of Wok Parent revealed Friday they have retained Bank of America Merrill Lynch and Barclays to explore a possible sale of the Chinese food chain. “Given the positive performance of P.F. Chang’s Bistro and having received multiple unsolicited indications of
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Constellation Brands shares dropped on Friday after the company’s quarterly earnings missed expectations amid lower margins and rising marketing costs. The stock closed down 5.79 percent at $218.87 after the spirits company reported an adjusted quarterly profit of $2.20 per share for its first fiscal quarter, below a Thomson Reuters consensus estimate of $2.43. The
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Brian Kelly, CEO of BKCM, said Friday’s wild trading was partly exacerbated by CME futures contracts expiring. But sentiment has also been sour. “The market is not reacting to any positive news but the news flow has been quite positive,” Kelly said. Among recent positive headlines Kelly mentioned was the U.S. Securities and Exchange Commission’s
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Akio Kon | Bloomberg | Getty Images Reed Hastings, chief executive officer of Netflix Inc., right, applauses during a news conference in Tokyo, Japan. Netflix’s global subscription expansion as well as gradual pricing increases put the company’s stock on track for even more upside over the next year, according to Macquarie Research. The firm raised
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Mainland-listed stocks in particular, known as A-shares, are at multi-month lows and still struggling to find a bottom. Some of the largest China ETFs are in the red — especially those invested in mainland stocks — or are barely in the black this year: iShares China Large-Cap ETF (FXI): $4.2 billion in assets iShares MSCI
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White House economic advisor Larry Kudlow said the administration’s revised approach toward China shouldn’t be characterized as a retreat. The director of the National Economic Council instead characterized the decision to use a committee to determine when Chinese-owned companies should be halted from taking ownership in U.S. firms as simply a “modernization” that will protect
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The Dow transports-tracking ETF (IYT) has fallen more than 3 percent in the last month, and TradingAnalysis.com founder Todd Gordon says there are troubling signs that it could fall below a key level. “We’re seeing some underperformance in the transports relative to the broader market as a result of the escalating tension with trade tariffs
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