Month: June 2018

Ahead of his departure as Starbucks executive chairman next week, Howard Schultz told CNBC Friday the company’s stock is “cheap and undervalued.” Shares of the company were up more than 1 percent in early trading Friday. The stock is down more than 11 percent this year as Starbucks struggles to recover from weak same-store sales
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As for the argument that bull markets die in euphoria, Jainz said it was a question of looking in the right place: tech stocks. “Technology is undoubtedly in a bubble, and overheating phase. That is clear from looking at the gap between growth (e.g. tech) stocks and value (e.g. banks) which is at its highest
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JSW Steel USA is investing $1 billion in facilities in Mingo Junction, Ohio, and Baytown, Texas, President and CEO John Hritz told CNBC. “We are going to be hiring over 1,000 people,” Hritz said on “Closing Bell” on Thursday. The U.S. steel mill, headquartered outside Houston, produces hot-rolled plates and pipes. The capital expansion projects
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Red Hat stock fell by more than 11 percent on Thursday after the company reported better-than-expected earnings for the first quarter of its 2019 fiscal year but lower-than-expected guidance. Here’s how the company performed: Earnings: Excluding certain items, 72 cents per share, vs. 69 cents per share as expected by analysts, according to Thomson Reuters.
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In April, the SEC said it planned to propose a best-interest standard for investment advisers and broker-dealers that make recommendations to retail investors. The agency also opened the proposal up for a 90-day comment period. The Securities Industry and Financial Markets Association, a trade group that represents banks and asset management and securities firms, praised
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Louis Ascui | Fairfax | Getty Images Jack Dorsey, co-founder and CEO of Square and Twitter. Square has a large untapped opportunity to offer more services to the restaurant industry, according to one Wall Street firm. Nomura Instinet reiterated its buy rating for Square shares, predicting the payment company’s new offering called “Square for Restaurants”
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Conagra Brands has approached Pinnacle Foods about a potential acquisition, sources familiar with the situation told CNBC on Thursday. A pairing of Healthy Choice-owner Conagra and Bird’s Eye-owner Pinnacle would combine two companies with a large presence in frozen foods at a time when the category is seeing a resurgence. Food companies, including Conagra, have
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Facebook. Karen Finerman was a buyer of Bank of America. Dan Nathan was a buyer of the Financials ETF. Guy Adami was a buyer of Halliburton. Trader disclosure: On June 20, 2018, the following stocks and commodities
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Check out the companies making headlines after the bell: Shares of Barnes & Noble shot up nearly 8 percent in after-hours trading. The popular bookseller chain saw its sales and earnings rise significantly in its fourth quarter. HP shares gained nearly 3 percent in extended trading. The hardware technology manufacturer authorized an additional $4 billion
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