Finance

Energy expert John Kilduff sees an unusual phenomenon affecting crude oil and beaten-down stocks. According to the Again Capital founding partner, oil and stocks have embarked on the closest trading relationship since early 2016 and during the financial crisis sell-off. “This has been the highest correlation that I’ve seen in quite some time,” he said
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Check out the companies making headlines before the bell: IBM – IBM is buying Linux software distributor Red Hat for about $33 billion in cash, or $190 per share, in its biggest ever acquisition. That represents a nearly 63 percent premium over Red Hat’s Friday closing price of $116.68. HSBC – HSBC reported profit of
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The Bahrain-based private equity firm Investcorp has said it is ready to ramp up investment in the United States, citing the country’s booming economy. At the end of June, Investcorp had about $22.6 billion in assets under management. The firm has previously stated that it wants to take that to $50 billion within 5 to
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The stock market hasn’t peaked yet, Guggenheim’s head of investing told CNBC on Friday. Instead, right now it is going through a “classic seasonal adjustment,” said Scott Minerd, the firm’s global chief investment officer and chairman of investments. Guggenheim has $265 billion of assets under management. “Markets tend to continue to rise until after the
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Cleveland Federal Reserve President Loretta Mester did not use the exact phrase “data dependent,” which was so popular under previous central bank chief Janet Yellen, but on CNBC’s “Squawk Box” Friday she repeatedly said that economic numbers “inform our outlook” on interest rates. Her comments came as investors and traders continue to parse statements by
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“It’s a bad sign that oversold markets not bouncing,” Michael Hartnett, Bank of America Merrill Lynch’s chief investment strategist, wrote. “The inability of oversold markets to bounce suggests investors worried by either systemic financial market event or recession.” Tech has been especially slammed this week. The Nasdaq Composite dropped 1.7 percent Friday, led lower by
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of JPMorgan Steve Grasso was a buyer of Lennar Karen Finerman was a buyer of Bank of America Dan Nathan was a buyer of Snap Trader disclosure: On October 25, 2018 the following stocks and commodities mentioned or
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REUTERS/Ronen Zvulun Eyal Waldman, President and CEO of Mellanox Technologies poses for a photograph at the company’s headquarters in Yokneam, in northern Israel July 26, 2016.  Mellanox Technologies, which makes hardware that helps power supercomputers and Ethernet products used in data centers, has hired a financial adviser to seek a sale after receiving takeover interest
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European Central Bank President Mario Draghi is speaking at a press conference Thursday following the institution’s decision to leave its benchmark interest rate unchanged. The central bank’s chief is mostly expected to stick to his guns on monetary policy throughout the speech, despite an escalating standoff between the European Union and Italy over the latter’s
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Despite stock markets getting crushed Wednesday, strategists say not only are sell-offs like this normal, they create opportunities for savvy investors. “Warren Buffett’s not panicking,” Michael Farr, president and CEO of Washington, DC-based wealth management firm Farr, Miller & Washington told CNBC. “It’s a bucket of cold water but take a deep breath and know
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Check out the companies making headlines before the bell: AT&T – AT&T reported adjusted quarterly profit of 90 cents per share, falling 4 cents a share shy of estimates. Revenue beat forecasts, however, and the company said it continues to anticipate full-year earnings at the high end of its projected range. Boeing – The aircraft
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Wall Street veteran Jim Paulsen doesn’t think the market is necessarily done heading lower. For one, he thinks valuations are high. Plus, there hasn’t been any real fear in the recent sell-offs. “It’s always been really controlled and kind of calm throughout,” the chief investment strategist at The Leuthold Group said Tuesday on “Closing Bell.”
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Check out the companies making headlines before the bell: United Technologies – The industrial conglomerate earned an adjusted $1.93 per share for the third quarter, 12 cents a share above forecasts. Revenue also beat forecasts, and the company raised its full-year earnings forecast. United Technologies is being helped by increased sales of aircraft parts as
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Brendan McDermid | Reuters A logo and ticker info for Cadence Bancorp, LLC is displayed on a screen during the company’s IPO, on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 13, 2017. Check out the companies making headlines after the bell: Cadence Design Systems shares soared more than
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