There was mysterious selling in FedEx on Tuesday before poor earnings took down the stock

These are when the really smart money tips their hand by buying or selling an abnormally large amount of stock or options ahead of an event. Whether that event is an earnings report, new product introduction, or industry conference, the activity in the hours that preceded such catalysts can be amazingly predictive. The stock closed at $181.41, down slightly, and this was absent any news in the company. Sure enough, FedEx’s quarterly results missed on earnings and revenue missed estimates with CF


These are when the really smart money tips their hand by buying or selling an abnormally large amount of stock or options ahead of an event. Whether that event is an earnings report, new product introduction, or industry conference, the activity in the hours that preceded such catalysts can be amazingly predictive. The stock closed at $181.41, down slightly, and this was absent any news in the company. Sure enough, FedEx’s quarterly results missed on earnings and revenue missed estimates with CF
There was mysterious selling in FedEx on Tuesday before poor earnings took down the stock Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: jon najarian, getty images
Keywords: news, cnbc, companies, stock, mysterious, global, selling, earnings, hours, poor, international, missed, graf, shares, fedex, revenue, took


There was mysterious selling in FedEx on Tuesday before poor earnings took down the stock

We are always looking for the so-called tells in the market. These are when the really smart money tips their hand by buying or selling an abnormally large amount of stock or options ahead of an event.

Whether that event is an earnings report, new product introduction, or industry conference, the activity in the hours that preceded such catalysts can be amazingly predictive.

Such was the case of FedEx on Tuesday, as shares opened higher, traded to $185 per share at its high of the day and then were hit with massive waves of block selling. It took all of 15 minutes to drive shares off their session highs. The stock closed at $181.41, down slightly, and this was absent any news in the company.

Sure enough, FedEx’s quarterly results missed on earnings and revenue missed estimates with CFO Alan Graf citing weak global economic conditions. The shares tanked after hours.

“Slowing international macroeconomic conditions and weaker global trade growth trends continue, as seen in the year-over-year decline in our FedEx Express international revenue,” Graf said in a statement.

The stock was down more than 6 percent in premarket trading Wednesday, highlighting once again why what happens in the hours ahead of these events is so critical to follow.

—CNBC’s Fred Imbert contributed to this report.

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Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: jon najarian, getty images
Keywords: news, cnbc, companies, stock, mysterious, global, selling, earnings, hours, poor, international, missed, graf, shares, fedex, revenue, took


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BlackRock: Investors are set to gain as China reworks its equity markets

Investors are set to gain as China is pushing for new ways that private sector money can fund its domestic companies, according to Helen Zhu, head of Chinese equities at BlackRock. That’s a condition many Chinese technology companies, like other high-growth firms, cannot meet at an early stage in their development. According to Refinitiv data, only one-third of the $64.2 billion raised globally last year through IPOs by Chinese companies came from Shanghai or Shenzhen. Zhu predicted that the ref


Investors are set to gain as China is pushing for new ways that private sector money can fund its domestic companies, according to Helen Zhu, head of Chinese equities at BlackRock. That’s a condition many Chinese technology companies, like other high-growth firms, cannot meet at an early stage in their development. According to Refinitiv data, only one-third of the $64.2 billion raised globally last year through IPOs by Chinese companies came from Shanghai or Shenzhen. Zhu predicted that the ref
BlackRock: Investors are set to gain as China reworks its equity markets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: lena loke
Keywords: news, cnbc, companies, market, set, companies, stock, chinese, zhu, board, investors, reworks, public, gain, blackrock, markets, think, really, china, equity


BlackRock: Investors are set to gain as China reworks its equity markets

Investors are set to gain as China is pushing for new ways that private sector money can fund its domestic companies, according to Helen Zhu, head of Chinese equities at BlackRock.

Her analysis comes amid Beijing’s plans to introduce a new stock board for start-ups in Shanghai, which is being billed as a pilot program to test more market-oriented measures before rolling them out in China’s other stock exchanges. The new science and technology innovation board was announced by President Xi Jinping in November and is expected to be launched by June.

“It’s really opening the door to a very new and promising financing channel over the medium to longer term. And I think people will read that positively,” Zhu said on CNBC’s “Squawk Box” on Friday. “I think the asset prices will respond accordingly as well.”

The new high-tech board is meant to ensure that companies that are not yet profitable but are in “high growth areas” start to have access to the equity financing they otherwise could not tap.

The new tech board and the adoption of a registration-based initial public offering system will prevent officials from intervening in the timing of the listings, and allow pre-profit companies to go public. Many large Chinese start-ups have turned to foreign stock exchanges for capital funding due to strict requirements for initial public offerings in mainland China that say companies must be profitable before listing. That’s a condition many Chinese technology companies, like other high-growth firms, cannot meet at an early stage in their development.

As a result, Chinese names such as Alibaba and Tencent held offerings in New York and Hong Kong, respectively. Many Chinese start-ups have also chosen to list overseas in order to boost their brand credibility, and raise capital outside of Beijing’s control.

According to Refinitiv data, only one-third of the $64.2 billion raised globally last year through IPOs by Chinese companies came from Shanghai or Shenzhen.

The new government initiatives are widely seen as an attempt at persuading such companies to list at home instead of abroad. An effort last year to develop a domestically traded share class called China Depositary Receipts did not take off. As of 2018, China has more than 186 companies that are valued at at least $1 billion — so-called unicorns. They have a combined value of more than $736 billion, according to a report released earlier this year.

Zhu predicted that the reforms to China’s equity markets will continue to be cheered by investors.

“We do still see the economy kind of decelerating but we have seen the policies really inflect. That’s why markets have been quite buoyant today, kind of pricing in the expectation that the policies are going to have a substantial impact and therefore, really kind of get us back on track in the second half of this year,” she said.

“On a structural reform front, I think that’s very important, as well, because it really bolsters confidence. It makes people feel more optimistic about investing in fundamental businesses, as well as in public market and traded assets,” Zhu added.

The BlackRock expert said there was “a lot of concern” last year in the market that private enterprises were being pressured by a “lack of access to funding” and the practice of stock pledges — when companies pledge some shares as collateral for a loan.

“All of these things (resulted in a) vicious feedback loop of market panic, share prices going down, and therefore inability to get new financing on a debt or equity side,” she said. “This year, I think the capital market innovation, the support in terms of liquidity … it’s already starting to have a positive, stabilizing effect on corporates and on broader sentiment.”

The Shanghai composite is up more than 20 percent for the year so far.


Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: lena loke
Keywords: news, cnbc, companies, market, set, companies, stock, chinese, zhu, board, investors, reworks, public, gain, blackrock, markets, think, really, china, equity


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K-pop sex scandals are crushing Korean entertainment stocks

Two sex scandals that rocked the South Korean music world have crushed the country’s entertainment stocks as police investigate the involvement of celebrities in alleged criminal conduct. On Tuesday, the stock closed at 36,150 Korean won per share, down around 1 percent from the day before. On March 11, following reports that the celebrity had been charged with providing sexual services at his club, YG Entertainment saw its stock fall 14.1 percent. Other Korean entertainment companies such as JY


Two sex scandals that rocked the South Korean music world have crushed the country’s entertainment stocks as police investigate the involvement of celebrities in alleged criminal conduct. On Tuesday, the stock closed at 36,150 Korean won per share, down around 1 percent from the day before. On March 11, following reports that the celebrity had been charged with providing sexual services at his club, YG Entertainment saw its stock fall 14.1 percent. Other Korean entertainment companies such as JY
K-pop sex scandals are crushing Korean entertainment stocks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-19  Authors: abigail ng, han myung-gu, wireimage, getty images
Keywords: news, cnbc, companies, saw, entertainment, jung, seungri, chat, scandals, stocks, stock, 25, feb, kpop, sex, crushing, korean


K-pop sex scandals are crushing Korean entertainment stocks

Two sex scandals that rocked the South Korean music world have crushed the country’s entertainment stocks as police investigate the involvement of celebrities in alleged criminal conduct.

K-pop artist Seungri (real name Lee Seung-hyun), who was part of hugely popular boy band Big Bang, has been accused of providing prostitutes to investors in a club he owned. Police are also seeking a warrant to arrest another star, TV personality Jung Joon-young, over sex videos that he allegedly shared in social media chat rooms.

YG Entertainment, the company that manages Big Bang and Seungri, has seen its stock plummet 24.8 percent since Feb. 25, after the celebrity was questioned by police over drug use and prostitution. On Tuesday, the stock closed at 36,150 Korean won per share, down around 1 percent from the day before.

According to reports, the nation’s five major entertainment companies lost 17.52 percent in value from Feb. 25 to March 15, after their combined market value fell from 3.35 trillion won ($2.96 billion) to 2.76 trillion won.

Trouble first surfaced in late January, when Korean media reported that employees at Burning Sun, a nightclub then owned by Seungri, were being accused of assaulting a customer. Things spiraled in late February, when the singer was taken in for questioning by the police.

On March 11, following reports that the celebrity had been charged with providing sexual services at his club, YG Entertainment saw its stock fall 14.1 percent. On the same day, Seungri announced on his Instagram account that he would retire from show business.

The stock fell another 3.4 percent on March 12.

Other Korean entertainment companies such as JYP Entertainment, SM Entertainment, Cube Entertainment and FNC Entertainment also suffered losses as the scandals unfolded.

Seungri and several other artists were reported to be members of the mobile chat room where Jung sent videos of himself having sex with women. Jung and Choi Jong-hoon, a member of band FT Island who was also alleged to have been in the chat group, announced they would retire.

FNC Entertainment, which manages Choi, saw its share price fall 11.1 percent on March 11.

SM Entertainment, Cube Entertainment and FNC Entertainment all saw their stocks recording more than 20 percent declines from Feb. 25 to March 15. JYP Entertainment, meanwhile, was only down about 5.5 percent during that period.


Company: cnbc, Activity: cnbc, Date: 2019-03-19  Authors: abigail ng, han myung-gu, wireimage, getty images
Keywords: news, cnbc, companies, saw, entertainment, jung, seungri, chat, scandals, stocks, stock, 25, feb, kpop, sex, crushing, korean


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Autos stocks lead gains as European markets move higher; Danske Bank shares dive 5%

Europe’s autos stocks led the gains, up more than 2.4 percent after French daily Los Echos reported on Monday that the Peugeot family could favor Fiat Chrysler as a candidate for possible consolidation operations. Shares of Fiat Chrysler jumped 5 percent on the news. Looking at individual stocks, Denmark’s Danske Bank tumbled toward the bottom of the European benchmark on Tuesday. The mining company also reported a drop in annual core earnings that was in line with analyst expectations. Shares o


Europe’s autos stocks led the gains, up more than 2.4 percent after French daily Los Echos reported on Monday that the Peugeot family could favor Fiat Chrysler as a candidate for possible consolidation operations. Shares of Fiat Chrysler jumped 5 percent on the news. Looking at individual stocks, Denmark’s Danske Bank tumbled toward the bottom of the European benchmark on Tuesday. The mining company also reported a drop in annual core earnings that was in line with analyst expectations. Shares o
Autos stocks lead gains as European markets move higher; Danske Bank shares dive 5% Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-19  Authors: sam meredith
Keywords: news, cnbc, companies, lead, higher, european, bank, fiat, scandal, rose, dive, gains, stocks, danske, stock, markets, chrysler, billion, tumbled, reported, shares


Autos stocks lead gains as European markets move higher; Danske Bank shares dive 5%

Europe’s autos stocks led the gains, up more than 2.4 percent after French daily Los Echos reported on Monday that the Peugeot family could favor Fiat Chrysler as a candidate for possible consolidation operations. Shares of Fiat Chrysler jumped 5 percent on the news. Faurecia, Porsche and Daimler were also more than 3 percent higher.

Looking at individual stocks, Denmark’s Danske Bank tumbled toward the bottom of the European benchmark on Tuesday. It comes after two U.S. law firms filed a lawsuit against the lender on behalf of institutional investors over a 200 billion euro ($227 billion) money laundering scandal. Shares of the Copenhagen-listed stock fell over 5 percent.

Meanwhile, Antofagasta rose to the top of the index after it announced a higher-than-expected dividend payout on Tuesday. The mining company also reported a drop in annual core earnings that was in line with analyst expectations. Shares of the London-listed stock gained 3 percent.


Company: cnbc, Activity: cnbc, Date: 2019-03-19  Authors: sam meredith
Keywords: news, cnbc, companies, lead, higher, european, bank, fiat, scandal, rose, dive, gains, stocks, danske, stock, markets, chrysler, billion, tumbled, reported, shares


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European markets edge higher; shares of Deutsche Bank and Commerzbank jump 4% amid merger talks

The pan-European Stoxx 600 was up around 0.2 percent during early morning deals, with most sectors and major bourses in positive territory. Shares of Rio Tinto, Anglo American and ArcelorMittal were up around 2 percent. Looking at individual stocks, Deutsche Bank and Commerzbank surged to the top of the European benchmark Monday morning. It comes after Germany’s largest lenders confirmed they were in merger talks over the weekend. Meanwhile, France’s EDF slumped towards the bottom of the index a


The pan-European Stoxx 600 was up around 0.2 percent during early morning deals, with most sectors and major bourses in positive territory. Shares of Rio Tinto, Anglo American and ArcelorMittal were up around 2 percent. Looking at individual stocks, Deutsche Bank and Commerzbank surged to the top of the European benchmark Monday morning. It comes after Germany’s largest lenders confirmed they were in merger talks over the weekend. Meanwhile, France’s EDF slumped towards the bottom of the index a
European markets edge higher; shares of Deutsche Bank and Commerzbank jump 4% amid merger talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: sam meredith
Keywords: news, cnbc, companies, shares, higher, weekend, territoryeuropes, merger, surged, stocks, jump, commerzbank, markets, stock, morning, deutsche, talks, tinto, stoxx, edge, european


European markets edge higher; shares of Deutsche Bank and Commerzbank jump 4% amid merger talks

The pan-European Stoxx 600 was up around 0.2 percent during early morning deals, with most sectors and major bourses in positive territory.

Europe’s basic resources led the gains shortly after the opening bell, up more than 1.4 percent. Shares of Rio Tinto, Anglo American and ArcelorMittal were up around 2 percent.

Looking at individual stocks, Deutsche Bank and Commerzbank surged to the top of the European benchmark Monday morning. It comes after Germany’s largest lenders confirmed they were in merger talks over the weekend. Shares of both banks jumped more than 3 percent on the news.

Meanwhile, France’s EDF slumped towards the bottom of the index after HSBC cut its rating on the stock to “hold” from “buy.” Shares of the Paris-listed firm dipped over 1 percent.


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: sam meredith
Keywords: news, cnbc, companies, shares, higher, weekend, territoryeuropes, merger, surged, stocks, jump, commerzbank, markets, stock, morning, deutsche, talks, tinto, stoxx, edge, european


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Dow futures under pressure again as Boeing shares drop on FAA probe

U.S. stock index futures were mixed on Monday morning, with the Dow Jones Industrial Average under renewed pressure by a drop in shares of Boeing. Dow futures were down 51 points, indicating a slip of 30.87 points at the open. Investors are also awaiting the start of a two-day Federal Reserve policy meeting this week. The Federal Reserve is expected to lower their interest rate forecasts — or “dot plots” — to show little or no further tightening in 2019. There’s also a strong focus on a potentia


U.S. stock index futures were mixed on Monday morning, with the Dow Jones Industrial Average under renewed pressure by a drop in shares of Boeing. Dow futures were down 51 points, indicating a slip of 30.87 points at the open. Investors are also awaiting the start of a two-day Federal Reserve policy meeting this week. The Federal Reserve is expected to lower their interest rate forecasts — or “dot plots” — to show little or no further tightening in 2019. There’s also a strong focus on a potentia
Dow futures under pressure again as Boeing shares drop on FAA probe Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: fred imbert, silvia amaro
Keywords: news, cnbc, companies, boeing, potential, futures, dow, reserve, points, pressure, trade, federal, meeting, shares, strong, faa, probe, stock, drop


Dow futures under pressure again as Boeing shares drop on FAA probe

U.S. stock index futures were mixed on Monday morning, with the Dow Jones Industrial Average under renewed pressure by a drop in shares of Boeing.

Dow futures were down 51 points, indicating a slip of 30.87 points at the open. S&P 500 and Nasdaq 100 futures indicated a higher open, however.

Boeing shares dropped 3 percent in the premarket after the U.S. Department of Transportation launched an investigation into whether there were lapses in the Federal Aviation Administration’s approval of Boeing planes involved in two recent fatal crashes, The Wall Street Journal reported on Sunday.

Investors are also awaiting the start of a two-day Federal Reserve policy meeting this week.

The U.S. central bank will begin its meeting on interest rates on Tuesday, which ends with a news conference on Wednesday. The Federal Reserve is expected to lower their interest rate forecasts — or “dot plots” — to show little or no further tightening in 2019.

There’s also a strong focus on a potential trade deal between the United States and China. The Chinese Vice Premier, Liu He, spoke via telephone with U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer recently after a report in the South China Morning Post suggested that the two sides have made further progress.

Optimism regarding a potential U.S.-China trade deal boosted the stock market on Friday.

There is also strong attention on oil markets and an OPEC meeting. Russia’s energy minister Alexander Novak told CNBC over the weekend that his country will be fully compliant with OPEC-led supply cuts in the coming weeks.

Market participants are likely to monitor a fresh round of U.S. housing data. The National Association of Home Builders will release its monthly housing market survey at 10 a.m. ET.


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: fred imbert, silvia amaro
Keywords: news, cnbc, companies, boeing, potential, futures, dow, reserve, points, pressure, trade, federal, meeting, shares, strong, faa, probe, stock, drop


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Saudi Arabia’s stock exchange makes its debut on global emerging markets indexes

Saudi Arabia’s stock exchange, the Tadawul, took its first step Monday of inclusion in two major international indexes: the FTSE Russell and S&P Dow Jones’ emerging markets indices. The inclusion marks a continuation of efforts by the Saudi kingdom to open up its market to international investors, Tadawul CEO Khalid Abdullah al-Hussan told CNBC’s Hadley Gamble in Riyadh. “We haven’t seen any turbulence on inflows of cash for the first tranche of FTSE and it was very smooth by both the sellers an


Saudi Arabia’s stock exchange, the Tadawul, took its first step Monday of inclusion in two major international indexes: the FTSE Russell and S&P Dow Jones’ emerging markets indices. The inclusion marks a continuation of efforts by the Saudi kingdom to open up its market to international investors, Tadawul CEO Khalid Abdullah al-Hussan told CNBC’s Hadley Gamble in Riyadh. “We haven’t seen any turbulence on inflows of cash for the first tranche of FTSE and it was very smooth by both the sellers an
Saudi Arabia’s stock exchange makes its debut on global emerging markets indexes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: natasha turak, simon dawson bloomberg getty images
Keywords: news, cnbc, companies, debut, stock, alhussan, inclusion, saudi, investors, global, makes, exchange, emerging, markets, arabias, inflows, international, market, tadawul, ftse, indexes


Saudi Arabia's stock exchange makes its debut on global emerging markets indexes

Saudi Arabia’s stock exchange, the Tadawul, took its first step Monday of inclusion in two major international indexes: the FTSE Russell and S&P Dow Jones’ emerging markets indices.

The inclusion marks a continuation of efforts by the Saudi kingdom to open up its market to international investors, Tadawul CEO Khalid Abdullah al-Hussan told CNBC’s Hadley Gamble in Riyadh.

“We haven’t seen any turbulence on inflows of cash for the first tranche of FTSE and it was very smooth by both the sellers and as well as the buyers, which in my opinion confirmed the confidence of international investors to participate in the Saudi markets and the regulatory framework of the Saudi capital market,” al-Hussan said.

Al-Hussan expects this inclusion to bring in around $15 billion in passive inflows across the indices, adding that calculating the expected active funds is more challenging.


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: natasha turak, simon dawson bloomberg getty images
Keywords: news, cnbc, companies, debut, stock, alhussan, inclusion, saudi, investors, global, makes, exchange, emerging, markets, arabias, inflows, international, market, tadawul, ftse, indexes


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Tesla shares are about to take a turn for the worse: Piper Jaffray

Tesla shares have taken a wrong turn. You’ve been backing and filling since,” Craig Johnson, chief market technician at Piper Jaffray, said Friday on CNBC’s “Trading Nation.” They don’t know what’s the difference between them, Ford, GM, and they’re struggling with production and delivery issues. “They’re trading at per units sold to market cap of $120,000. So it’s four times any other market cap per units sold out there,” he said.


Tesla shares have taken a wrong turn. You’ve been backing and filling since,” Craig Johnson, chief market technician at Piper Jaffray, said Friday on CNBC’s “Trading Nation.” They don’t know what’s the difference between them, Ford, GM, and they’re struggling with production and delivery issues. “They’re trading at per units sold to market cap of $120,000. So it’s four times any other market cap per units sold out there,” he said.
Tesla shares are about to take a turn for the worse: Piper Jaffray Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: keris lahiff, bryan r smith, afp, getty images, frederic j brown, victor j blue, bloomberg, joan cros garcia, corbis, kcna
Keywords: news, cnbc, companies, units, piper, stock, trading, struggling, theyre, sold, turn, jaffray, tesla, worse, market, end, shares


Tesla shares are about to take a turn for the worse: Piper Jaffray

Tesla shares have taken a wrong turn.

The stock has tumbled more than 17 percent this year with losses accelerating last week following a mediocre reception to its Model Y unveiling. It is now 29 percent off its record high set in September 2017.

One technical analyst says the stock charts point to more hardship ahead for the electric vehicle maker.

“You’ve been stuck in a trading range for about 2½ years – $245 on the lower end, $390 on the upper end. Back in December, you lost power at $390. You’ve been backing and filling since,” Craig Johnson, chief market technician at Piper Jaffray, said Friday on CNBC’s “Trading Nation.”

“To me, it looks like we’re going to come back down and retest the lower end of this price channel, confirm it before you can do any sort of tactical trading opportunity with these shares,” said Johnson. “I’m waiting for it to pull back and retest that level.”

A drop to $240 would mark a decline of about 13 percent from current levels of $276. The stock has not traded below that price since the beginning of 2017.

Fundamental issues hang over Tesla, too, says Michael Bapis, managing director at Vios Advisors at Rockefeller Capital Management.

“I can’t get comfortable owning it right now,” Bapis said Friday on the show. “They’re really struggling with brand definition. They don’t really know who they are. They don’t know what’s the difference between them, Ford, GM, and they’re struggling with production and delivery issues. The competition is heating up.”

Volkswagen has ramped up its push into the electric-vehicle space with $9 billion bookmarked for development at its Audi arm. “Tesla killer” Nio is also making strides in the Chinese market.

Tesla also trades at an extreme premium compared with its peers, says Bapis.

“They’re trading at per units sold to market cap of $120,000. Daimler and BMW trade at $30,000. So it’s four times any other market cap per units sold out there,” he said.

Tesla is the second-worst performer on the Nasdaq 100 this year. It is down 51 percent over the past 12 months.


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: keris lahiff, bryan r smith, afp, getty images, frederic j brown, victor j blue, bloomberg, joan cros garcia, corbis, kcna
Keywords: news, cnbc, companies, units, piper, stock, trading, struggling, theyre, sold, turn, jaffray, tesla, worse, market, end, shares


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Facebook has worst day of year on downgrade, investigations and exits

Facebook shares had their worst day of the year on Monday, closing down 3.3 percent and extending last week’s losses. The drop came after the company lost its chief product officer, Chris Cox, last week. Analysts at Needham downgraded the stock on Monday over growing concern that more top executives could follow the leads of Cox and Chris Daniels, the head of WhatsApp, who also resigned. Cox, one of the earliest Facebook employees and someone insiders called the “heart and soul of the company,”


Facebook shares had their worst day of the year on Monday, closing down 3.3 percent and extending last week’s losses. The drop came after the company lost its chief product officer, Chris Cox, last week. Analysts at Needham downgraded the stock on Monday over growing concern that more top executives could follow the leads of Cox and Chris Daniels, the head of WhatsApp, who also resigned. Cox, one of the earliest Facebook employees and someone insiders called the “heart and soul of the company,”
Facebook has worst day of year on downgrade, investigations and exits Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: steve kovach, andrew harrer, bloomberg, getty images, jon nazca
Keywords: news, cnbc, companies, day, whatsapp, worst, week, weeks, investigations, chris, downgrade, stock, company, cox, exits, zuckerberg, facebook


Facebook has worst day of year on downgrade, investigations and exits

Facebook shares had their worst day of the year on Monday, closing down 3.3 percent and extending last week’s losses.

The drop came after the company lost its chief product officer, Chris Cox, last week. Analysts at Needham downgraded the stock on Monday over growing concern that more top executives could follow the leads of Cox and Chris Daniels, the head of WhatsApp, who also resigned.

Cox, one of the earliest Facebook employees and someone insiders called the “heart and soul of the company,” left as CEO Mark Zuckerberg decided to shift the company’s focus towards private messaging instead of open posts on the News Feed.

The stock dropped 2.5 percent on Friday and is down more than 13.3 percent over the past year.


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: steve kovach, andrew harrer, bloomberg, getty images, jon nazca
Keywords: news, cnbc, companies, day, whatsapp, worst, week, weeks, investigations, chris, downgrade, stock, company, cox, exits, zuckerberg, facebook


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Trading Nation: Buy this tech stock instead of Facebook


Trading Nation: Buy this tech stock instead of Facebook Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18
Keywords: news, cnbc, companies, trading, nation, stock, buy, instead, tech, facebook


Trading Nation: Buy this tech stock instead of Facebook


Company: cnbc, Activity: cnbc, Date: 2019-03-18
Keywords: news, cnbc, companies, trading, nation, stock, buy, instead, tech, facebook


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