EU News Digest Latest News & Updates
Citi is getting more bullish on Square, citing the payment company’s growth potential and emergence as a player in banking for next generation consumers. The firm upgraded Square shares to a buy with a $90 price target Tuesday, about 20 percent higher than their $75 closing price a day earlier. …
Read More »ELF Beauty, Booking Holdings, Avis, Marriott and more
Brendan McDermid | Reuters Tarang Amin (C), Chairman and CEO of cosmetics company e.l.f. Beauty Inc., rings the opening bell at the New York Stock Exchange (NYSE) to celebrate his company’s IPO in New York City, U.S. September 22, 2016. Check out the companies making headlines after the bell: E.L.F. …
Read More »Goldman sees three things weighing down stocks, but likes these names
After analyzing third-quarter earnings conference calls, Goldman Sachs found three major worries cited by corporate executives that could weigh on future profits. “Tariffs, wage inflation, and rising interest rates pose three key risks to all-time high S&P 500 profit margins,” said Goldman’s David Kostin, the firm’s chief equity strategist. But …
Read More »Three options strategies for the week: Nov 5
The “Options Action” traders share three options trading strategies to kick off the week. Mike Khouw recommends risk reversal in Oracle Dan Nathan recommends a put spread in the China Large-Cap ETF Mike Khouw recommends a call spread in Caterpillar Trader disclosure: Dan Nathan is Long QQQ Nov put spread. …
Read More »Deutsche Bank squeezes past crucial health checks but concerns remain
Investor concerns over Deutsche Bank were put to one side on Monday as the embattled German lender performed better-than-expected in the European Central Bank’s (ECB) latest stress tests. Deutsche shares climbed a modest 0.2 percent in early deals after it registered a core tier 1 capital ratio of 8.14 percent …
Read More »Warren Buffett loses nearly $4 billion in single day on his Apple stake
Paul Morigi | Getty Images Warren Buffett, CEO of Berkshire Hathaway Warren Buffett’s Berkshire Hathaway lost more than $3 billion on Friday as Apple’s stock headed for its worst day on Wall Street in more than four years. Apple — poised to post its fifth consecutive week of losses for …
Read More »Fed Chairman Powell’s view of immigration differs from Trump
Mary F. Calvert | Reuters Federal Reserve Chairman Jerome Powell testifies before a House Financial Services Committee hearing on the “Semiannual Monetary Policy Report to Congress,” at the Rayburn House Office Building in Washington, U.S., July 18, 2018. The head of the U.S. central bank has some concerns about the …
Read More »Since WWII, history shows 100% chance of post-midterm election rally
A long-time Wall Street market watcher is offering investors encouragement. According to LPL Financial’s Ryan Detrick, the stock market’s wild swings will likely fade following Tuesday’s midterm elections. His case stems from history. He went back to World War II, found all of the October closes in midterm years and …
Read More »Deutsche Bank shares jump after activist investor discloses 3% stake
Thomas Lohnes | Getty Images Christian Sewing, the new CEO of Deutsche Bank, speaks at the Deutsche Bank annual shareholders’ meeting on May 24, 2018 in Frankfurt, Germany. Shareholders, frustrated by years of poor performance by Deutsche Bank, are calling for Achleitner to step down. A former J. P. Morgan …
Read More »If the S&P 500 can stay above 2,700, the comeback is real
Bryan R. Smith | AFP | Getty Images Traders work on the floor of at the closing bell of the Dow Industrial Average at the New York Stock Exchange on October 31, 2018 in New York. Heading into November, J.P. Morgan’s chart analyst says if the S&P 500 can consistently …
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