Department store operators like Macy's may be struggling after a weaker-than-expected holiday season, but other, more focused retailers are thriving, CNBC's Jim Cramer said Wednesday after a positive day for the major averages. "The department stores may be in rough shape here, but that's just because people are buying stuff online or from stores that are much more fun to shop at," he said....
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Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: General Motors Company (GM - Free Report): This company that designs, builds, and sells cars, trucks, crossovers, and automobile parts has seen the Zacks Consensus Estimate for its current year earnings increasing 0.9% over the last 60 days. General Motors Company Price and Consensus Sponsored Link: Tap Into a...
Continue reading >>U.S. markets showed strength for the 2nd-straight session following better-than-expected earnings from the Financial sector that will be in focus throughout the week. The gains helped the major indexes edge closer to near-term resistance levels with the 50-day moving averages in play. The continued January rebound rally continues to look bullish with the major indexes also showing signs of...
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The Wednesday Market Minute U.S. equity futures turn green after stronger-than-expected earnings from Goldman Sachs and Bank of America. Global stocks mixed amid the increasing confusion over the impact of Prime Minister Theresa May's historic parliamentary defeat on Brexit last night and concern over the lack of progress in U.S.-China trade talks. U.K. lawmakers will debate a...
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Video-streaming giant Netflix announced Tuesday that it is raising prices between 13 and 18 percent for new and existing customers. That's the most substantial increase in its history. Following the announcement, the company's stock shot up more than 6 percent. If you had invested in Netflix in 2007, when it first began its streaming service, that investment could have paid off big time: A...
Continue reading >>U.S. markets rebounded on Tuesday following two-days of losses to keep a 5-day mini trading range intact. The major indexes cleared near-term resistance levels and remain on track to clear and hold their 50-day moving averages on continued strength. Earnings from the Financial sector provided some strength despite the mixed results. Meanwhile, volatility eased but remains slightly above key...
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