Finance

The Washington Post | The Washington Post | Getty Images Investors have overestimated the growth potential of wholesale retailer Costco, according to A.B. Bernstein. The firm downgraded the stock to underperform from market perform. Costco shares fell 0.9% in premarket trading. “We think valuation is too high and investors are …

Jeff Bezos, founder of Amazon and Blue Origin speaks during the JFK Space Summit, celebrating the 50th anniversary of the moon landing, at the John F. Kennedy Library in Boston, June 19, 2019. Katherine Taylor | Reuters Online shopping giant Amazon is betting that some customers would rather use cash. …

Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019. Adam Jeffery | CNBC DoubleLine CEO Jeffrey Gundlach believes the bottom for interest rates is in for 2019. Growing fears about a possible global economic slowdown prompted Treasury yields to hit their historic lows a …

An employee wears an orange Home Depot Inc. apron at a store in New York. Mark Kauzlarich | Bloomberg | Getty Images Home Depot’s massive investment plan could prevent margin expansion, according to Guggenheim. The firm downgraded the home improvement retailer’s stock to neutral and removed its $230 price target. …

Wall Street bull Tony Dwyer expects consumer spending to withstand oil’s dramatic price spike following the  unprecedented attack on Saudi Arabia’s crude production. He contends it’s because Americans are spending less than ever on their fuel needs. Dwyer makes his case in this chart. “Total energy spending is less than …

The “Options Action” traders share three options trading strategies to kick off the week. Michael Khouw and Carter Worth broke down a call spread in the 20+ Year Treasury Bond ETF. Dan Nathan illustrated a call calendar in Alphabet. Mike Khouw also looked at a call spread risk reversal in …

Talk about a bitcoin bull case. The digital currency is headed to new record highs, says Tom Lee, co-founder, managing director and head of research at Fundstrat Global Advisors — but there’s a catch some cryptocurrency investors may not be expecting. “Bitcoin has kind of stalled recently because the macro …

The homepage of Intuit Inc.’s TurboTax website is displayed on a computer monitor in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images A software company created to help regular people navigate the complexities of the U.S. tax code just entered its 11th year of stock gains. Intuit, creator of …

Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 19, 2019 in New York City. Drew Angerer | Getty Images News | Getty Images The market is inches away from reclaiming its all-time highs on renewed trade hopes, …

Marko Kolanovic Crystal Mercedes | CNBC J.P. Morgan’s chief quant says the big rotation into value names should continue, and that stocks should move higher into October, and beyond, especially if the U.S.-Chinese trade talks go well. Marko Kolanovic, global head of the macro quantitative and derivatives strategy team at …