Month: February 2019

William Dudley, former New York Fed president, has a message for Wall Street: Stop blaming the central bank when the stock market declines. Dudley, who retired in June 2018, said Thursday on CNBC that the Federal Reserve‘s actions have become a “convenient whipping boy.” Many traders blamed the late 2018 market tailspin on the Fed’s
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Shares of Nutanix plunged 25 percent in extended trading after the provider of cloud infrastructure technology gave a weaker-than-expected forecast in its fiscal second quarter earnings report. For the latest quarter, the company beat analyst expectations on the top and bottom lines. Here are the key numbers: Earnings: Loss of 23 cents per share vs.
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of British Petroleum. Tim Seymour was a buyer of United Continental. Steve Grasso was a buyer of Norwegian Cruise Line. Guy Adami was a buyer of Exxon Mobil. Trader disclosure: Pete is long calls ARRY, BSX, BP, COTY,
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J.C. Penney on Thursday reported earnings and sales for the holiday quarter that topped analysts’ lowered expectations, as the company said it was successful in reducing a glut of unsold inventory in 2018. But revenue was down sharply, and the company declined to provide a forecast for 2019 as it works to improve its financial
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Whitney Curtis | Bloomberg | Getty Images Bottles of Anheuser-Busch’s Bud Light, Budweiser and Budweiser Select and InBev NV’s Bass, Stella Artois, and Hoegarden are arranged for a photograph at the Van Goghz Martini Bar & Bistro in St. Louis, Missouri. Anheuser-Busch InBev, the world’s largest brewer, forecast strong revenue and profit growth in 2019,
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HP Inc. reported quarterly revenue that fell short of Wall Street estimates on Wednesday, due to weaker-than-expected sales in both its personal computer and printing businesses, sending shares down 12 percent after hours. HP is the hardware business of the former Hewlett-Packard Co., which split in 2015. Sales in the personal systems business, which accounts
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In Cramer’s lightning round, the “Mad Money” host flew through his ideas on viewers’ favorite companies: Aurinia Pharmaceuticals Inc.: “No, not a takeover candidate. No, not without the approval because … [if] it doesn’t get the approval it’s supposed to have then I tell you this one goes much lower. You wanna do it on
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Bloomberg | Getty Images A customer carries a shopping bag while exiting a Victoria’s Secret Stores LLC store, a subsidiary of L Brands Inc., in New York, U.S., on Wednesday, Nov. 14, 2018. Victoria’s Secret has been under scrutiny for failing to keep up with shifting consumer demands, especially involving themes of female empowerment and
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Michael Nagle | Bloomberg | Getty Images James Park, chief executive officer of Fitbit Inc. Fitbit shares plunged in extended trading after the maker of wearable fitness devices provided a weaker-than-expected forecast. The shares sank another 12 percent after hours to $6.08. Fitbit said sales in the first quarter will increase as much as 8
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Shares of Box plummeted as much as 23 percent in after hours trading after the company reported fourth quarter 2019 revenue that missed analyst expectations. The company also reported weak guidance for the upcoming quarter and full fiscal year. Here are the numbers Box reported compared to Wall Street expectations: Earnings per share: $0.06 per
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The San Francisco-based company, run by Twitter CEO Jack Dorsey, issued earnings-per-share guidance for the first quarter between 6 cents and 8 cents. Wall Street was looking for 11 cents. Its revenue guidance for the first quarter was in line with analysts’ expectations. Slower growth also weighed on Square’s stock price. The company’s adjusted revenue
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President Donald Trump’s financial statements are here — and they likely only tell part of the story of his wealth. Michael Cohen, the president’s former personal attorney, testified before the House Oversight Committee on Wednesday, and provided the committee with a number of documents, among which he said were copies of Trump’s financial statements for
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Getty Images Three generations of a View-Master ‘3-D Viewer’ are seen displayed in this photograph from Fisher-Price. With more than one billion View-Masters sold, Fisher-Price, a subsidiary of Mattel, is celebrating the 65th anniversary of the ‘3-D Stereoscopic Photography Viewer’ this year. Mattel is bringing another classic toy property to the big screen. On Wednesday
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Off-price apparel retailer TJX reported better-than-expected quarterly same-store sales on Wednesday, as steep discounts drove more shoppers to its T.J. Maxx and Marshalls stores during the holiday season. Shares of the Framingham, Massachusetts-based company rose 2 percent before the bell. TJX has opened more stores and largely depended on its deep in-store discounts to drive
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