Netflix bulls have been rewarded this year, to say the least. With the stock’s more than 110 percent gain so far in 2018 and what some Wall Street analysts see as an unchallenged perch in the streaming space, Netflix is far outpacing the market and many of its peers in media. But risks surround the
Ethan Miller | Getty Images Entertainment | Getty Images World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 World Wrestling Entertainment shares triple-digit return so far this year has much more to
Cybersecurity stocks present a compelling short-term bet for investors ahead of the 2018 midterm elections, Goldman Sachs advised clients Thursday. Pointing to an expected uptick in security spending in the run-up to November, analyst Arjun Menon told clients that the select group of stocks are likely to see upside in the months to come. “Recent
Shares of PNC Financial Services rose nearly 2 percent in premarket trading Friday after beating estimates in its second-quarter earnings report. The regional bank reported earnings of $2.72 per share, beating estimates from analysts surveyed by Thomson Reuters by 14 cents. PNC also posted better-than-expected revenue, bringing $4.32 billion, compared to $4.25 billion expected. PNC
Amazon just hit its highest level ever. That won’t be the last record it breaks this year, says one technician. “Amazon is just a great example of momentum in markets,” Ari Wald, head of technical analysis at Oppenheimer, told CNBC’s “Trading Nation” on Thursday. “Stocks with high risk-adjusted returns over the prior year are usually
Check out which companies are making headlines before the bell: JPMorgan Chase – The bank earned $2.29 per share for the second quarter, beating forecasts by 7 cents a share. Revenue was also above forecasts, helped by what CEO Jamie Dimon called “open and active capital markets” that helped drive fee and markets revenue. Walt
Netflix’s stunning rally so far this year may be due for a breather, according to Deutsche Bank. The firm told its clients Thursday the internet video streaming giant could miss Wall Street’s second-quarter subscriber expectations next week. Netflix shares are the second best-performing member of the S&P 500 this year. It’s up 115 percent year
The bank has been under pressure for several quarters because of multiple probes into its sales practices. Two years ago, the scandal burst into the public eye when it was disclosed that retail bank employees had created fake accounts in customers’ names to meet sales targets. Sales issues later emerged in other businesses, such as
Q1: up 8.4 percent Q2 (est.): up 8.1 percent Q3 (est.): up 7.9 percent Q4 (est.): up 6.0 percent Source: FactSet That 8.1 percent estimated increase in second quarter revenue means that the majority of the pretax profit is coming from revenue growth, not cost cutting or productivity gains. 3. You will hear more about
Still, CEO Michael Corbat said in a statement that Citigroup “drove strong year-over-year revenue growth in many of our businesses – including our International Consumer franchise, Treasury and Trade Solutions, Equities, and the Private Bank. And we continue to support our clients as evidenced by solid loan growth that was balanced across businesses and geographies.”
J.P. Morgan Chase, the biggest U.S. lender by assets, posted record second-quarter profit of $8.32 billion, exceeding estimates as it posted stronger-than-expected trading results. Profit surged 18 percent, clobbering analyst estimates for a 9.4 percent increase. Earnings per share were $2.29 in the quarter, beating the $2.22 estimate. It was the 14th straight quarter that
Rolf Vennenbernd | dpa | picture alliance | Getty Images Jack Dorsey, CEO of Twitter Twitter CEO Jack Dorsey lost 200,000 followers on his own social network after a purge of fake followers. Twitter has been deleting so-called “locked accounts” as part of an initiative to cleanse the platform of bots. These are profiles that
“Factfulness: Ten Reasons We’re Wrong About the World — and Why Things Are Better Than You Think,” the book co-authored by the Rosling trio sets out new frameworks to readjust those world views. Already it has made it onto Gates’ 2018 reading list. Earlier this year he said the world would be a better place
Blue Origin will soon offer tourists a ride to space but only after completing its own crewed flight tests, the company told CNBC on Friday. Ticket pricing for passengers has yet to be determined, the company said in a statement to CNBC. A Reuters report Thursday cited two company employees as saying tickets are expected
There are a lot of positives right now for the banking industry, yet the stocks aren’t responding — and that’s a signal for investors, market expert Quint Tatro told CNBC on Thursday. Bank equities have underperformed this year despite a strong economic recovery, the managing director at Joule Financial pointed out. Also, short interest rates
Northrop Grumman chairman and CEO Wes Bush announced on Thursday he will step down as CEO effective Jan. 1, but will remain chairman through July 2019. Kathy Warden, who currently acts as company president and COO of the global security company, has been selected by the board to fill the role vacated by Bush in
The semiconductor company that tried and failed to buy Qualcomm has a new strategy — become a serial infrastructure software acquirer. Broadcom, which announced on Wednesday that it’s buying CA for almost $19 billion, is turning away from rolling up semiconductor companies and toward buying up mainframe and infrastructure software companies. Broadcom plans to use
The tax break would be limited to $500 for individuals and $1,000 for heads of households and couples who file joint tax returns. Planet Fitness stock appeared to climb on the news that the bill made it out of committee, rising more than 4 percent to above $47 a share in early afternoon trading. The
The longest Amazon Prime Day yet will begin on Monday, July 16 and last for 36 hours through July 17. For many shoppers, it’s a day to finally snag that tech product or kitchen device they’ve been eyeing at a discount. But for others, it could lead to over-shopping, overspending and financial regret. Since the
A stronger dollar and trade concerns took multinational manufacturing stock 3M down to 52-week lows in May, but a comeback in recent months has Maley seeing the potential for a bigger breakout. “Over the last two months, it’s been forming a nice base and, in fact, in the most recent little pop it got above
While it’s unknown exactly how much debt Kavanaugh carried — the form only requires that filers report the amount in ranges — or what interest rate Kavanaugh paid, even the low end reported ($60,000) is a liability that could cripple many households. The average interest rate on credit cards is nearly 17 percent. Using that
Papa John’s reputation with executives in the pizza industry has deteriorated after public backlash against its founder, John Schnatter, CNBC’s Jim Cramer said Thursday. “When you talk to high-level people in the pizza industry, there are people who think this company is falling apart,” Cramer said on “Squawk on the Street.” Cramer spoke as the
Mark Kauzlarich | Bloomberg | Getty Images A shopper carries a Victoria’s Secret bag while walking on Steinway Street in the Queens, New York. L Brands shares tumbled on Tuesday after the company announced weak sales in its Victoria’s Secret stores for last month. The stock dropped nearly 10 percent and was on track for
Single Social Security claimants who want to hold off until age 70, but find they can’t quite wait any longer should select age 69 for the best trade off, Jones said. That sacrifice may be as little as a few thousand extra dollars in additional lifetime benefits in exchange for starting a year earlier, according
Canaccord Genuity named Amazon king of the most revered tech stocks, while raising its price target on the e-commerce giant. The stock rose to a record on Thursday following the note, up 1 percent on the day. “Amazon’s rapidly growing scale of investment is strengthening long-term competitive barriers, and this includes a robust outlook for
The “Fast Money” traders shared their first moves for the market open. Tim Seymour is a buyer of Canopy Growth Karen Finerman is a buyer of Delta Steve Grasso is a buyer of General Electric Guy Adami is a buyer of Pfizer Trader disclosure: On July 11, 2018 the following stocks and commodities mentioned or
Meanwhile, packing up and settling into another state is not possible, or desirable, for many. “There’s a risk moving to a place you’re not familiar with, or don’t have well ensconced friends and business relationships,” Hamrick said. Before you leave behind your current home, Hamrick recommends that people ask themselves a few questions about a
Delta Air Lines expects pricier fuel to eat into its bottom line this year. Delta cut its 2018 profit outlook on Thursday as it prepares to slow its growth this fall. It expects filling up its planes with fuel will cost it $2 billion more this year compared with 2017. Jet-fuel prices are up about
“I’d learned quickly and built knowledge,” he said. “I had a growth mindset versus a fixed mindset.” The process also highlighted to Long the answer to one of greatest questions for entrepreneurs: The secret to a successful business, Long said, is team and timing. And so, when Stacck’s co-founder was headhunted two years after launch
Comcast on Wednesday raised its cash offer for Sky to $34 billion, topping Twenty-First Century Fox‘s latest bid. Comcast said its upped bid has been recommended by the independent committee of Sky. The company also said it has earmarked funds to fulfill the terms of the deal. Earlier Wednesday, Fox raised its offer to about
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