Month: April 2018

Barriers into the pharmaceutical business might be too high even for Amazon, said billionaire hedge-fund manager Larry Robbins. Last fall, a report surfaced that the e-commerce giant had obtained wholesale pharmacy licenses in multiple states in an attempt to enter the pharmaceutical market and decrease rising health-care costs. While Robbins acknowledged Amazon will likely try
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Check out the companies making headlines after the bell on Monday: Cadence Design Systems stock surged more than 11 percent in after-hours trading. The software and engineering services company reported first quarter financial results that beat analyst expectations. Cadence reported EPS of $0.40 on revenue of $517 million versus the $0.37 on $505 million analysts
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Founder Mark Zuckerberg‘s apology before Congress came off as insincere, Gundlach added, and the company’s fortunes are changing. Supporters, he said, argue that “regulation outprices competition,” but Gundlach said “equity bubbles pop by regulation.” The pair trade of energy exploration and technology seems incongruous, but such efforts have paid off before. Looking at the diversion
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The pan-European Stoxx 600 closed provisionally 0.37 percent higher with the majority of different sectors in buy mode. The media sector was the worst performer in late morning trade, down by more than 1 percent. That basket was not helped by news that Ford was trimming its business with advertising conglomerate WPP. Among household goods,
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Needham downgraded Lululemon stock on Monday to hold from buy, saying the athletic apparel maker faces tough year-over-year sales growth comparisons. “We think [long-term] drivers remain intact (international, e-commerce, and men’s) and 1Q18 should be good on a strong start to the year and easy comparisons,” analyst Rick Patel said in a note to clients.
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There’s a natural fear that the threatened $100 billion in tariffs on Chinese goods may hurt investment portfolios. But while the stakes seem high, they are much higher if you get rid of mutual funds containing Chinese investments before careful analysis. It’s important to react slowly. Strategies to help portfolios survive a changing trade environment
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Huggies and Kleenex producer Kimberly-Clark reported better-than-expected first-quarter profit and sales on Monday, helped by strong growth in tissue sales. Shares of the company rose 2.5 percent at $102.50 in premarket trading on Monday. Revenue jumped 5 percent to $4.73 billion in the quarter ended March 31, beating analysts’ average estimate of $4.60 billion. Sales
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Shares of toy maker Hasbro plummeted in premarket trading Monday after the company posted weaker-than-expected earnings following the liquidation of Toys R Us. “As we discussed earlier in the year, our first quarter was expected to be difficult,” CEO Brian Goldner said in a statement Monday. “We are working to put the near-term disruption from
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Getty Images Dave Lesar (3rd L), Chairman and Chief Executive Officer of Halliburton, rings the Opening Bell at the New York Stock Exchange (NYSE) on November 18, 2014 in New York City Oilfield services provider Halliburton reported a 34 percent jump in first-quarter revenue on Monday as rising oil prices prompted North American companies to
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General Electric shares rose as much as 7 percent Friday after the Dow component’s upbeat first-quarter earnings. But few – if any – on Wall Street are calling it a comeback. “There’s absolutely no change to our thesis here,” J.P. Morgan analyst Stephen Tusa told CNBC’s “Squawk on the Street.” Tusa said GE’s overall number
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