Finance

It may be time to explore contrarian plays. Wells Fargo Securities’ Christopher Harvey is telling investors the best opportunities are in the hardest hit parts of the stock market. He believes the potential rewards outweigh the risks. “Start adding cyclicality. Start adding value. Start adding risk,” the firm’s head of equity strategy told CNBC’s “Trading

Strauss Zelnick, CEO, Take-Two Scott Mlyn | CNBC Check out the companies making headlines after the bell. Expedia — The travel booking platform’s stock whipsawed and climbed 4% in extended trading after the company gave its first-quarter financial results. Expedia reported a loss of $1.83 per share on revenue of $2.21 billion, while analysts expected

Charging Bull Statue is seen at the Financial District in New York City, United States on March 29, 2020. Tayfun Coskun | Anadolu Agency | Getty Images The stock market rebounded from Tuesday’s late-session sell-off as investors grew more hopeful that the U.S. economy can continue to reopen after the coronavirus-induced shutdown. Solid retail earnings

Pedestrians pass in front of an Urban Outfitters store in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell. Urban Outfitters — The clothing retailer’s stock tumbled 5% in extended trading after the company released its first-quarter financial results. Urban Outfitters reported a loss of $1.41 per share on

 U.S. stock futures ticked lower in overnight trading and pointed to modest losses at the open Wednesday, following a weak session that snapped a three-day winning streak for markets.  Fueling the volatility is uncertainty around a possible coronavirus treatment and vaccine and how economies will fare in reopening, from a health perspective.  Dow futures fell

Wall Street stands empty as people stay away from the area due to the coronavirus on March 30, 2020 in New York City. Spencer Platt | Getty Images This is a live blog. Please check back for updates. 8:21 am: Moderna falls after new stock offering Shares of Moderna were down 6% in premarket trading

It may be premature to turn bullish. Despite Monday’s massive rally, Canaccord Genuity’s Tony Dwyer finds stocks haven’t broken out of the ‘”frustration” stage of the recovery. He breaks down the post-market crash environment into three phases: Panic, relief and frustration. “Once you crash, you go into a panic phase,” the firm’s chief market strategist

A view of the fearless girl wearing a mask in front of the New York Stock Exchange in New York City USA during coronavirus pandemic on April 25, 2020. John Nacion | NurPhoto | Getty Images Stock futures held steady in overnight trading on Monday after the market scored its best day in six weeks

The bronze statue “Fearless Girl” on Wall Street wears a respirator mask. Benno Schwinghammer | Picture Alliance | Getty Images This is a live blog. Check back for updates. 8:00 am: BMO goes all in on Nvidia Wall Street firm BMO Capital Markets upgraded shares of Nvidia to outperform from market perform on Monday morning,

Stocks may be coming off their worst week in about two months, but Bryn Mawr Trust’s Jeffrey Mills warns there are few bargains. He believes Wall Street isn’t accurately pricing in pain of the economic shutdowns. “We don’t love the risk-reward right now in the stock market,” the firm’s chief investment officer told CNBCs “Trading

An employee tends to marijuana plants at the Aurora Cannabis Inc. facility in Edmonton, Alberta, Canada, on Tuesday, March 6, 2018. Jason Franson | Bloomberg | Getty Images Check out the companies making headlines after the bell. Applied Materials — Shares of the manufacturing company climbed 4% in extended trading after Applied Materials reported second-quarter

Take a look at some of the biggest movers in the premarket: Qualcomm (QCOM), Cisco (CSCO), Apple (AAPL), Boeing (BA) – Reports out of China suggest that retaliation against these and other U.S. companies could come if the U.S. goes ahead with plans announced this morning to block chip shipments to China’s Huawei. JD.com (JD)

Customers ride an escalator at The Galleria shopping mall after it opened during the coronavirus disease (COVID-19) outbreak in Houston Texas, May 1, 2020. Adrees Latif | Reuters U.S. consumer sentiment inched higher in the early part of May following massive stimulus measures undertaken by the government to sustain the economy amid the coronavirus pandemic,

U.S. government debt yields moved lower Friday as investors awaited a host of fresh economic data. At around 4:45 a.m. ET, the yield on the benchmark 10-year Treasury note was lower at 0.6153% while the yield on the 30-year Treasury bond declined to 1.2802%. Yields move inversely to prices. Nervous investors are keeping a close

A person walks at the Wall Street subway stop in New York City. Angela Weiss | AFP | Getty Images U.S. stock futures were flat on Thursday night following a sharp rally during the regular session as investors awaited several key data sets. Dow Jones Industrial Average futures were just below the flatline while S&P 500

A store in Arlington, Virginia, remained temporarily closed on May 14, 2020. Another 3 million people filed initial unemployment claims last week on a seasonally adjusted basis, according to the Department of Labor. Olvier Douliery-AFP/Getty Images States paid a record $48 billion in unemployment benefits last month as the coronavirus pandemic caused millions of Americans

Take a look at some of the biggest movers in the premarket: Norwegian Cruise Line (NCLH) – Norwegian reported a first-quarter loss of 99 cents per share, wider than the 50 cents a share loss that analysts had projected. Revenue was in line with forecasts. The cruise line operator said it was well-positioned to withstand

New York Stock Exchange building is seen at the Financial District in New York City, United States on March 29, 2020. Tayfun Coskun | Anadolu Agency | Getty Images U.S. stock futures were largely flat on Wednesday night after concerns over the U.S. economy and the market’s overall valuation sparked another sell-off in equities earlier

Cleveland Federal Reserve President Loretta Mester echoed Chairman Jerome Powell’s mostly pessimistic view on the economy, telling CNBC on Wednesday that while growth is likely to return by the end of the year, it could be slow. The central bank official said during a “Power Lunch” interview that unemployment is still likely to be near

Take a look at some of the biggest movers in the premarket: CyberArk Software (CYBR) – The cybersecurity company reported quarterly profit of 50 cents per share, beating the consensus estimate of 36 cents a share. Revenue also beat forecasts. CyberArk said that due to the pandemic, it expected customers to make “more cautious” purchasing