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Getty Images A John Deere 8600 tractor is displayed on opening day of the World Ag Expo on February 10, 2015 in Tulare, Calif. Deere reported weaker-than-expected earnings on Friday as rising costs take a bite out of the tractor company’s bottom line. Deere posted adjusted earnings per share of $2.59 for its fiscal third
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It might be time to rethink FANG, according to CNBC’s Jim Cramer. FANG, which stands for Facebook, Amazon, Netflix and Google, was coined by the “Mad Money” host himself to refer to the group of high-performing tech stocks. But given Thursday’s market moves, Cramer thinks WANG – Walmart, Apple, Netflix and Google – might be
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The company expects that in the fiscal third quarter its gross margin will come in at 62.8 percent, give or take 50 basis points, excluding certain items, which is in line with the FactSet analyst consensus. While Nvidia has become trendy given the use of its graphics cards for artificial intelligence computing, its chips are
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Nordstrom on Thursday reported earnings and sales for the second quarter that topped analysts’ expectations and also raised its outlook for the full year, citing momentum in its online business and robust traffic at Nordstrom Rack. Its shares soared more than 13 percent in after-hours trading on the news. Nordstrom’s earnings followed mixed results from
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The strong GDP economic data for the June quarter is showing up in the real economy. Major U.S. companies including Walmart and Cisco are confirming the positive macro data by posting their best financial results in many years. The reports indicate broad-based strength in the domestic economy. Last month the government said second-quarter GDP grew
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The “Fast Money” traders shared their first moves for the market open. Brian Kelly was a buyer of the Utilties ETF Karen Finerman was a buyer of Alibaba David Seaburg was a buyer of Macy’s Dan Nathan was a seller of the Semiconductors ETF Trader disclosure: On August 15, 2018 the following stocks and commodities
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J.C. Penney on Thursday reported quarterly earnings and revenue that missed analysts’ expectations, as it continues to grapple with an overhang of unsold merchandise. As fast fashion brands like Zara have trained shoppers to shop new styles more frequently, retailers like J.C. Penney have struggled to build a supply chain to support quick inventory changes
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Constellation Brands just spent billions on pot. The wine and spirits company increased its investment in cannabis company Canopy Growth by $4 billion. Markets weren’t buying it. Constellation’s stock plummeted 6 percent on Wednesday in its worst daily performance since January 2017. “Here’s why the market hates it. They paid $4 billion for a company
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Walmart on Thursday reported quarterly earnings and sales that topped analysts’ expectations, as more shoppers flocked to its stores and spent more per trip, and e-commerce sales ticked higher than previous quarters. The retailer said it had the strongest growth in more than a decade at those stores open for at least 12 months, thanks
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Cisco stock rose more than 6 percent on Wednesday after the company reported better-than-expected earnings for the fourth quarter of its 2018 fiscal year, which ended on July 28. Here’s how the company performed: Earnings: 70 cents per share, excluding certain items, vs. 69 cents per share as expected by analysts, according to Thomson Reuters.
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Getty Images A sign advertising a sale sits outside a Lumber Liquidators store on April 29, 2015 in Chicago, Illinois. Stocks of major home construction companies fell on Wednesday, beleaguered by a slump in U.S. equity trading and a decline in homebuilder sentiment. Declines in Lumber Liquidators and American Woodmark pushed the Home Construction exchange-traded
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Ride-hailing company Uber is still on track to book more than $10 billion in revenue this year, although growth has slowed and its losses widened since the first quarter, according to the company’s self-reported financials. Uber told CNBC its Q2 net revenue was $2.7 billion, up 51 percent from the same quarter last year, and
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