Katrina Lake Heidi Petty | CNBC Shares of Stitch Fix soared 21% in after-market trading Wednesday after the online personal styling company reported it beat earnings and sales expectations in the fiscal third quarter of 2019. Here’s what the company reported compared with what Wall Street expected, based on a survey of analysts by Refinitiv:
Month: June 2019
Pedestrians walk along Broadway near the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Technology, rare earth minerals and the education sector have been dragged into the scuffle between China and the U.S., but as Beijing considers more countermeasures, experts said America’s financial sector is unlikely to be a target. There’s just
A monitor displays Snap Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York. Michael Nagle | Bloomberg | Getty Images Shares of Snap jumped more than 7% on Thursday after Pivotal Research upgraded the stock. Pivotal Research increased its rating on the stock to buy from hold and hikes the
Oliver Rossi | The Image Bank | Getty Images Legislation that will help workers save for retirement could also have a chilling effect on a strategy to pass individual retirement accounts on to heirs. The bill, known as the Secure Act, sailed through the House on May 23. Legislators on both sides of the aisle
In a word… no. Interest rates are plummeting, which is usually “prime time” for mREITs like Annaly Capital (NLY). The “original mortgage REIT” has traditionally held fixed-rate securities, which rise in price as rates decline. Annaly investors remember the “roaring ‘00s” fondly. From 2000 through 2012, mortgage rates ticked down, down, down while the stock
I have for decades believed that erudite tax strategy is the “master wealth skill”, and that those who develop or find true expertise can compound their development and preservation of net worth by a significant factor. Getting this message out is a primary reason I write so much on tax, even though my primary professional
The GO Logic Home designed by architect Matthew O’Malia is a Passive House built with Structural Insulated panels and a timber frame Photo courtesy of Trent Bell for Prefabulous and Almost Off the Grid, published by Abrams People in the United States as well as many around the world are becoming more conscious of our
Packages of Beyond Meat plant-based burger patties are displayed for a photograph in Tiskilwa, Illinois, April 23, 2019. Daniel Acker | Bloomberg | Getty Images As rival Impossible Foods deals with supply shortages of its plant-based burgers, Beyond Meat said Thursday that it has the capacity to take on any restaurant chain. “I don’t see
Packages Dunkin’ Donuts and Folgers coffee are displayed on a shelf at a grocery store in San Rafael, California. Getty Images Packaged food maker J.M. Smucker forecast full-year profit above estimates and beat Wall Street expectations for quarterly earnings, boosted by demand for its coffee and pet foods, including brands Meow Mix and Nature’s Recipe.
RBC Capital Markets’ Helima Croft blames the U.S.-China trade war for oil’s drop into bear market territory. According to the firm’s global head of commodity research, bullish sentiment around crude has been damaged by global growth fears sparked by tensions between Washington and Beijing. “What is the demand driver for oil? It’s China. There is
The SEC this week voted to approve a financial investment reform package. Known as “Regulation Best Interest” or “Reg BI,” the package is intended to strengthen protections for investors by requiring financial advisors and in particular broker-dealers to disclose conflicts of interest. Does it provide more protection for investors than previous rules? It depends on
Jose Luis Pelaez | Iconica | Getty Images Cryptocurrencies are out and cannabis stocks are in, according to the latest investing trends survey by the Financial Planning Association. The 392 financial advisors who participated in this year’s study, the 2019 Trends in Investing Survey, said that 55% of their clients have asked about investing in
Chegg has a new plan to help its employees deal with their student loans. And its CEO wants other companies to follow Chegg’s lead. The student-connected learning platform announced a new program Thursday that will give its entry- through manager-level workers up to $5,000 a year, if they have been with the company at least
As higher tariffs and the threat of more tariffs slow the economy and rattle financial markets, President Trump is doubling down on what he says are tariffs’ benefits. As Trump recently tweeted, “When you are the “Piggy Bank” Nation that foreign countries have been robbing and deceiving for years, the word TARIFF is a beautiful word indeed!”
A pharmacist counts pain medication at a South Portland pharmacy. (Photo by Gabe Souza/Portland Press Herald via Getty Images) Getty Images For states, opioids may become the new tobacco. That is to say, states increasingly believe lawsuits against drugmakers and others involved in the sale, marketing, and manufacture of the pain-killers are a potential source
Ken SalazThe Eternal Now, Saint Mary’s LakeOil on canvas 30 inches by 40 inches Rehs Contemporary The setting sun’s multi-faceted reflection on the water draws the viewer into the sweeping landscape of The Eternal Now, Saint Mary’s Lake, as if s/he were wandering toward the mountains, peering into the sky, and soaking in an awe-inspiring moment in
Former UN Secretary General Ban Ki-Moon. Thomas Trutschel | Photothek | Getty Images A lack of political will is holding the world back from achieving international climate goals, Ban Ki-moon, the former United Nations secretary general, said Thursday. Ban said he is “deeply concerned” by the 2017 decision of President Donald Trump’s administration to pull
Customers browse collectible video game merchandise for sale at a GameStop Corp. store in West Hollywood, California. Patrick T. Fallon | Bloomberg | Getty Images GameStop shares tumbled nearly 14% in after-hours trading Tuesday after the retailer announced it would eliminate its dividend as video game sales continue to decline and put pressure on its
A pedestrian walks past the Federal Reserve building on Constitution Avenue in Washington, March 19, 2019. Leah Millis | Reuters Investors are getting too far ahead of themselves in expectations for the Federal Reserve to cut rates, according to a pair of top bankers at UBS and Goldman Sachs. Hopes for cheaper borrowing costs have
Albert Edwards Rukhsana Hamid | Bloomberg | Getty Images There are contrarian indicators and then there are contrarian indicators — and then there’s Albert Edwards, the pessimistic Societe Generale market analyst who thinks his dethronement as the top-ranked advisor in one survey is a sign that investors ought to watch. In an analysis both cheeky
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