“Halftime Report” trader and Under Armour shareholder Stephanie Link is more optimistic that the company’s ambitious plan will lead to continued gains through 2019. “This is a restructuring story. I don’t think you’re going to see any of the results this year,” she said on Friday’s “Halftime Report.” “I think the announcement they made yesterday,
0 Comments
“People are definitely buying the news,” he said. “This is another case of Ripple showing its dominance in real world relationships with financial companies, and yet another spike in XRP’s price because of it.” The company has struck deals with various high-profile financial institutions, including Santander and American Express. But those partnerships have so far
0 Comments
Although Micron Technology‘s profitability will take a hit due to President Donald Trump’s latest round of tariffs on Chinese imports, CEO Sanjay Mehrotra told CNBC’s “Squawk Alley” that the company will be able to “easily mitigate” their future impact. Micron shares fell 5 percent before the market opened on Friday following revelations a day earlier
0 Comments
Shares of London-based luxury online marketplace Farfetch jumped 43 percent in their market debut Friday as investors placed their bet on the company’s technology and unique niche in high-end luxury. Farfetch sold 44.2 million shares Thursday night, raising $885 million and stamping a valuation of roughly $6.2 billion on the online giant after factoring in
0 Comments
Luke Sharrett | Bloomberg | Getty Images A contractor moves lumber for a house under construction in the Norton Commons subdivision of Louisville, Kentucky. Homebuilder stocks fell Friday after J.P. Morgan said it is “more cautious” about the sector’s prospects. The firm lowered its ratings for five homebuilder stocks Friday – including reducing PulteGroup and
0 Comments
The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Microsoft Karen Finerman was a buyer of FedEx Dan Nathan was a seller of the Semiconductor ETF Tim Seymour was a buyer of Intel Trader disclosure: On September 20, 2018 the following stocks and commodities mentioned or
0 Comments
Micron confirmed investors’ worst fears, saying PC processor shortages are hurting demand for its memory chips. The chipmaker’s shares were down 2.9 percent Friday, a day after the company gave weaker-than-expected fiscal first-quarter guidance. Micron estimates the company will generate November quarter sales of $7.9 billion to $8.3 billion versus the Wall Street consensus of
0 Comments
“When you take the skin off, it looks like several different fish,” Maltese said. Another frequent substitution is farm-raised salmon sold as wild or sockeye salmon. Maltese says wild salmon tends to be less brightly colored than the farm-raised variety, which are often raised on specially formulated food to make them more orange. Farm-raised salmon
0 Comments
Patrick T. Fallon | Bloomberg | Getty Images Randall Stephenson, CEO, AT&T UBS raised its rating of AT&T to buy from neutral, citing “an overly negative outlook” and saying it expects a turnaround in operating performance. “We believe the stock is trading near all-time low valuations (and the widest gap to Verizon),” UBS analyst John
0 Comments
The queue was significantly smaller than last year. Outside the Orchard Road Apple store in Singapore the story was very different. Photos posted on social media show several hundred people waiting for the new devices. Tweet Dubai‘s Apple store witnessed a similar story. Tweet Despite the lack of people turning up to buy the latest
0 Comments
In dealmaking news, ride-hailing firm Uber is reportedly in early discussions to buy food delivery upstart Deliveroo for several billion dollars. Bloomberg, citing people familiar with the plans, said any offer would need to be considerably higher than Deliveroo’s last reported valuation of more than $2 billion. Shares of listed competitors Just Eat and Delivery
0 Comments
Alibaba’s Jack Ma may be considered one of the leading lights of the business world. But he doesn’t want you to try and replicate his success. In fact, when people hold his name in such esteem, it makes him “sort of sad,” the Chinese billionaire said Thursday. Speaking at the World Economic Forum on Thursday,
0 Comments