Stocks making the biggest moves midday: Foot Locker, Apple, HP & more

Foot Locker — Shares of Foot Locker cratered 18.9% after the company reported dismal second-quarter results. The company reported adjusted earnings per share of 66 cents, compared to the 47 cents per share expected by analysts, according to Refinitiv. Alongside the news about Weisler, the company reported mixed third-quarter earnings and raised EPS guidance for its full year 2019. The company reported revenue of $4.01 billion, missing estimates of $4.02 billion surveyed by Refinitiv. Hibbett Spo


Foot Locker — Shares of Foot Locker cratered 18.9% after the company reported dismal second-quarter results. The company reported adjusted earnings per share of 66 cents, compared to the 47 cents per share expected by analysts, according to Refinitiv. Alongside the news about Weisler, the company reported mixed third-quarter earnings and raised EPS guidance for its full year 2019. The company reported revenue of $4.01 billion, missing estimates of $4.02 billion surveyed by Refinitiv. Hibbett Spo
Stocks making the biggest moves midday: Foot Locker, Apple, HP & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, hp, secondquarter, foot, analysts, locker, company, cents, software, midday, making, biggest, apple, revenue, shares, moves, reported, share, fell, stocks


Stocks making the biggest moves midday: Foot Locker, Apple, HP & more

Customers walk with Foot Locker shopping bags on the Third Street Promenade in Santa Monica, California.

Check out the companies making headlines in midday trading:

Apple, Nvidia, Broadcom, Caterpillar — Shares of the tech companies, along with Caterpillar, all traded lower after President Donald Trump tweeted that U.S. companies should look for an “alternative to China,” ordering them to move their Chinese operations out of the country. This is the latest escalation in the U.S.-China trade war. Earlier on Friday, China announced new tariffs on $75 billion worth of U.S. products. Apple fell 4.6% while Nvidia fell 5.3% and Broadcom dropped 5.4%. Caterpillar traded 3.3% lower.

Foot Locker — Shares of Foot Locker cratered 18.9% after the company reported dismal second-quarter results. The shoe retailer reported earnings per share of 66 cents on revenue of $1.774 billion. Analysts expected earnings per share of 67 cents on revenue of $1.823 billion, according to FactSet. Foot Locker reported same-store sales growth of 0.8%, compared to the 3.3% estimated.

Salesforce — The cloud software company’s stock jumped 2.25% after announcing better-than-expected revenue and an upbeat full year guidance for its second-quarter. The company reported adjusted earnings per share of 66 cents, compared to the 47 cents per share expected by analysts, according to Refinitiv.

HP Inc — Shares of HP plummeted 5.9% after the company announced chief executive officer Dion Weisler will step down “due to a family health matter.” Alongside the news about Weisler, the company reported mixed third-quarter earnings and raised EPS guidance for its full year 2019.

Dell Technologies, Pivotal Software, VMware — Shares of VMware plunged 9.9% after the software company announced the acquisition of software companies Pivotal Software and Carbon Black in separate deals. Shares of Pivotal rose 8.6% on the news. Dell Technologies is a controlling stakeholder in both Pivotal and VMWare, and fell 6.6%.

Gap — Shares of retailer Gap fell 4.7% after reporting disappointing revenue and same-store sales for the second-quarter. The company reported revenue of $4.01 billion, missing estimates of $4.02 billion surveyed by Refinitiv. Same-store sales decreased 4%, while analysts expected a drop of 3%. Gap CEO Art Peck called out a “challenging environment.”

Macy’s — Shares of the retailer fell 4% after Guggenheim downgraded the company to neutral from buy. Guggenheim analysts said they don’t see headwinds “abating” with the prospect of future tariffs.

La-Z-Boy — Shares of furniture retailer La-Z-Boy rose 2% and closed up 0.3% after Raymond James upgraded the company to “outperform” from “market perform,” citing a strong U.S. consumer. The firm set a price target of $36, about a 14% upside for the stock.

Hibbett Sports — The sporting goods retailer’s stock nosedived 10.8% after reporting that its second-quarter revenue fell below estimates. Hibbett Sports reported a second-quarter adjusted loss per share of 13 cents on revenue of $252.4 million. Analysts had expected a loss per share of 16 cents on revenue of $255.9 million, according to FactSet. The company’s comparable store sales increase of 0.3% was also below the 0.4% rise expected by analysts.

— CNBC’s Fred Imbert and Elizabeth Myong contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, hp, secondquarter, foot, analysts, locker, company, cents, software, midday, making, biggest, apple, revenue, shares, moves, reported, share, fell, stocks


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Apple and chip stocks slide after Trump orders US companies to look for alternative to China

Semiconductor stocks and shares of Apple slid more than their peers in the tech sector on Friday, after President Donald Trump said U.S. companies should “immediately start looking for an alternative” to their operations in China. Among the chip companies, Qualcomm slid 4.7%, Nvidia lost 5.2%, Advanced Micro Devices dropped 7.4%, Micron fell roughly 4% and Broadcom slid 5.3%. Apple has felt the effects of Trump’s trade war with China more than most technology companies. Trump’s comments on Frida


Semiconductor stocks and shares of Apple slid more than their peers in the tech sector on Friday, after President Donald Trump said U.S. companies should “immediately start looking for an alternative” to their operations in China. Among the chip companies, Qualcomm slid 4.7%, Nvidia lost 5.2%, Advanced Micro Devices dropped 7.4%, Micron fell roughly 4% and Broadcom slid 5.3%. Apple has felt the effects of Trump’s trade war with China more than most technology companies. Trump’s comments on Frida
Apple and chip stocks slide after Trump orders US companies to look for alternative to China Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: annie palmer
Keywords: news, cnbc, companies, companies, trumps, trump, orders, look, immediately, war, trade, tariffs, slid, slide, apple, alternative, start, china, chip, stocks


Apple and chip stocks slide after Trump orders US companies to look for alternative to China

Semiconductor stocks and shares of Apple slid more than their peers in the tech sector on Friday, after President Donald Trump said U.S. companies should “immediately start looking for an alternative” to their operations in China.

Shares of Apple ended the day down 4.6%, while the VanEck Vectors Semiconductor ETF declined 4.1%. Among the chip companies, Qualcomm slid 4.7%, Nvidia lost 5.2%, Advanced Micro Devices dropped 7.4%, Micron fell roughly 4% and Broadcom slid 5.3%.

The tech-heavy Nasdaq was off 2.6%, while the Dow Jones Industrial Average slid 2.3% and the S&P 500 fell 2.5%.

Apple has felt the effects of Trump’s trade war with China more than most technology companies. The company conducts the majority of its manufacturing process in China and the Chinese market represents a significant portion of its sales.

Trump’s comments on Friday mark the latest fallout in the trade war between the U.S. and China.

Markets immediately began to turn lower after Trump tweeted: “Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing … your companies HOME and making your products in the USA.”

Trump’s tweet came after China on Friday pledged to levy tariffs on $75 billion more of U.S. goods, including autos. The new tariffs followed Trump’s plan to impose duties on $300 billion worth of China’s goods by December.


Company: cnbc, Activity: cnbc, Date: 2019-08-23  Authors: annie palmer
Keywords: news, cnbc, companies, companies, trumps, trump, orders, look, immediately, war, trade, tariffs, slid, slide, apple, alternative, start, china, chip, stocks


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Stocks making the biggest moves midday: Overstock.com, Nordstrom, L Brands, Retrophin & more

The company reported adjusted earnings per share of 90 cents. The company reported that digital sales grew, though department store sales fell 6.5%. Dick’s reported $1.26 in earnings per share on $2.26 billion in revenue, as same-store sales rose by 3.2%. BJ’s Wholesale — Shares of BJ’s Wholesale surged 16% after the company reported a stronger-than-expected profit for the second quarter. The company posted earnings per share of 39 cents, topping a Refinitiv estimate by 2 cents.


The company reported adjusted earnings per share of 90 cents. The company reported that digital sales grew, though department store sales fell 6.5%. Dick’s reported $1.26 in earnings per share on $2.26 billion in revenue, as same-store sales rose by 3.2%. BJ’s Wholesale — Shares of BJ’s Wholesale surged 16% after the company reported a stronger-than-expected profit for the second quarter. The company posted earnings per share of 39 cents, topping a Refinitiv estimate by 2 cents.
Stocks making the biggest moves midday: Overstock.com, Nordstrom, L Brands, Retrophin & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: fred imbert
Keywords: news, cnbc, companies, making, stocks, retrophin, share, revenue, moves, biggest, sales, midday, refinitiv, brands, company, shares, reported, cents, earnings, billion, nordstrom, overstockcom


Stocks making the biggest moves midday: Overstock.com, Nordstrom, L Brands, Retrophin & more

Check out the companies making headlines midday Thursday:

Overstock.com — Overstock.com shares jumped more than 7% after CEO Patrick Byrne resigned from his post and the company’s board of directors. Byrne’s resignation comes after he made controversial comments regarding his role with the “deep state. ”

Nordstrom — Shares of the fashion retailer surged 15% after the company delivered profits that beat estimates. The company reported adjusted earnings per share of 90 cents. Analysts had expected earnings per share of 75 cents, according to a Refinitiv consensus estimate. The company reported that digital sales grew, though department store sales fell 6.5%.

GameStop — Shares of GameStop spiked nearly 14% after Barron’s reported that famed investor Michael Burry was long the stock. Burry, who was one of the main money managers in “The Big Short,” told Barron’s that the rise of streaming video game services has depressed the stock’s price too far and that the company “will have the cash flow to justify a much higher share price.”

Retrophin — Retrophin plummeted more than 25% after announcing that a phase 3 of fosmetpantotenate, a drug aimed at treating pantothenate kinase-associated neurodegeneration — a disease characterized by deterioration of the nervous system — failed to meet its primary endpoint.

Dick’s Sporting Goods — Dick’s Sporting Goods rose 4% on Thursday after the retailer beat Wall Street estimates for its fiscal second-quarter results and raised its full-year guidance. Dick’s reported $1.26 in earnings per share on $2.26 billion in revenue, as same-store sales rose by 3.2%. Analysts expected $1.21 in earnings per share, $2.21 billion in revenue and 1% growth in same-store sales, according to Refinitiv consensus estimates. The company said it expects between $3.30 and $3.45 in earnings per share for the full year, up from previous guidance of between $3.20 and $3.40.

L Brands — The Victoria’s Secret parent company dropped 5% after reporting disappointing quarterly sales. Same-store sales at Victoria’s Secret fell 6%, more than the 3.9% drop that forecast by analysts polled by Refinitiv.

BJ’s Wholesale — Shares of BJ’s Wholesale surged 16% after the company reported a stronger-than-expected profit for the second quarter. The company posted earnings per share of 39 cents, topping a Refinitiv estimate by 2 cents. “We delivered improved margins and continued to grow earnings as we executed against our strategic priorities,” CEO Christopher Baldwin said in a statement.

Keysight Technologies — Shares of the electronics manufacturer jumped 11.7% after reporting better-than-expected quarterly earnings and revenue. Keysight posted fiscal third-quarter earnings per share of $1.25 on revenue of $1.09 billion. Analysts polled by Refinitiv expected a profit of $1.02 per share on revenue of $1.05 billion. The company also issued better-than-expected earnings guidance for the fourth quarter.

—CNBC’s Elizabeth Myong and Jesse Pound contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: fred imbert
Keywords: news, cnbc, companies, making, stocks, retrophin, share, revenue, moves, biggest, sales, midday, refinitiv, brands, company, shares, reported, cents, earnings, billion, nordstrom, overstockcom


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Cramer Remix: I’d be a buyer of VMware on weakness

VMware reported a top-and-bottom line beat in its quarterly report Thursday, but it’s stock tanked as much as 7% in after-market trading. Investors frowned on the cloud software company’s move to acquire both Carbon Black and Pivotal Software at a grand enterprise value of $4.8 billion, but CNBC’s Jim Cramer took a contrarian. “I like the cloud security space and I’m going to say buy VMware on weakness, the stock’s come down too much,” the “Mad Money” host said. As of Thursday’s market close, VM


VMware reported a top-and-bottom line beat in its quarterly report Thursday, but it’s stock tanked as much as 7% in after-market trading. Investors frowned on the cloud software company’s move to acquire both Carbon Black and Pivotal Software at a grand enterprise value of $4.8 billion, but CNBC’s Jim Cramer took a contrarian. “I like the cloud security space and I’m going to say buy VMware on weakness, the stock’s come down too much,” the “Mad Money” host said. As of Thursday’s market close, VM
Cramer Remix: I’d be a buyer of VMware on weakness Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: tyler clifford
Keywords: news, cnbc, companies, id, security, vmware, remix, space, weakness, software, virtualization, value, buyer, cloud, stocks, cramer


Cramer Remix: I'd be a buyer of VMware on weakness

VMware reported a top-and-bottom line beat in its quarterly report Thursday, but it’s stock tanked as much as 7% in after-market trading.

Investors frowned on the cloud software company’s move to acquire both Carbon Black and Pivotal Software at a grand enterprise value of $4.8 billion, but CNBC’s Jim Cramer took a contrarian.

“I like the cloud security space and I’m going to say buy VMware on weakness, the stock’s come down too much,” the “Mad Money” host said.

As of Thursday’s market close, VMware shares are nearly $60 below its all-time trading high of $206.80 from May. The information technology firm is a big player in data center virtualization, which allows multiple users to access a physical server via cloud computing.

VMware is a subsidiary of Dell Technologies.

“The company acts as a kind of consultant for businesses that are looking to migrate to the cloud. Once you make that switch, they’ll help clients make sure everything’s running smoothly and even provide security,” Cramer said. “They have a great relationship with Amazon.”

Get a deeper understanding of stocks in the cloud computing space here


Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: tyler clifford
Keywords: news, cnbc, companies, id, security, vmware, remix, space, weakness, software, virtualization, value, buyer, cloud, stocks, cramer


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A new market order is emerging, and this is how to trade it, money manager says

This is a symptom of the new market order that is emerging, according to Ben Kirby, portfolio manager at Thornburg Investment Management. We’re going to have lower returns and substantially higher volatility,” Kirby said Tuesday on CNBC’s “Trading Nation. ” Among them, Kirby likes foreign telecoms China Mobile and France-based Orange, as well as U.S. stocks such as Home Depot. China Mobile yields 4.3%, Orange 5.2% and Home Depot 2.5%. Disclosure: Thornburg Investment Management owns shares of Ch


This is a symptom of the new market order that is emerging, according to Ben Kirby, portfolio manager at Thornburg Investment Management. We’re going to have lower returns and substantially higher volatility,” Kirby said Tuesday on CNBC’s “Trading Nation. ” Among them, Kirby likes foreign telecoms China Mobile and France-based Orange, as well as U.S. stocks such as Home Depot. China Mobile yields 4.3%, Orange 5.2% and Home Depot 2.5%. Disclosure: Thornburg Investment Management owns shares of Ch
A new market order is emerging, and this is how to trade it, money manager says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: keris lahiff
Keywords: news, cnbc, companies, emerging, dividendpaying, volatility, stocks, order, kirby, recession, trade, orange, china, manager, economy, stimulus, mobile, money, market


A new market order is emerging, and this is how to trade it, money manager says

It’s been a wild month on Wall Street.

An escalating trade war and an inverted yield curve have kicked off weeks of volatility that sent the S&P 500 at the worst of August’s sell-off 7% below its record high.

This is a symptom of the new market order that is emerging, according to Ben Kirby, portfolio manager at Thornburg Investment Management.

“The last few years have been periods of high returns and relatively low volatility. I think with the yield curve inversion and the economy slowing, PMI is in contraction in much of the world … we’re entering a period that’s the opposite of that. We’re going to have lower returns and substantially higher volatility,” Kirby said Tuesday on CNBC’s “Trading Nation. ”

A global economy creaking to a halt and the bond market flashing a warning sign have raised the chances of a coming recession, according to Kirby. The spread between the 2-year and 10-year Treasury note briefly inverted last week, a warning sign that investors are rushing to safe haven assets in fear the economy could begin to contract.

“Probably 60% of the time after [an inversion] happens you get a recession within the next 12 months,” Kirby said. “When you put it all together, we do have a slowing economy, we do have an economy that’s in all-out stimulus mode around the world, but there’s a limited amount of stimulus that can actually be applied, so as we do more and more stimulus, it becomes less and less effective.”

Pockets of strength, including U.S. job growth and low inflation, should keep a recession at bay for now, Kirby said, predicting a 25% chance in the next year. The odds rise when you stretch that time frame to 24 months, he said.

To hedge against a possible recession in the next two years, Kirby is sticking to stocks that pay investors while they hide out.

“I like dividend-paying equities. To me they’re one of the most attractive asset classes today, because hands you win, and tails you don’t lose too much,” Kirby said. “If stocks keep going up, your dividend-paying stocks will participate in that and … if stocks decline and we do go into a recession, then your dividend-paying equities can be defensive.”

Among them, Kirby likes foreign telecoms China Mobile and France-based Orange, as well as U.S. stocks such as Home Depot. China Mobile yields 4.3%, Orange 5.2% and Home Depot 2.5%.

Disclosure: Thornburg Investment Management owns shares of China Mobile, Orange and Home Depot.

Disclaimer


Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: keris lahiff
Keywords: news, cnbc, companies, emerging, dividendpaying, volatility, stocks, order, kirby, recession, trade, orange, china, manager, economy, stimulus, mobile, money, market


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Stocks making the biggest moves after hours: Nordstrom, L Brands and more

The company reported adjusted earnings per share of 90 cents on revenue of $3.87 billion. Analysts had expected earnings per share of 75 cents on revenue of $3.93 billion, according to Refinitiv consensus estimates. The company reported adjusted second-quarter earnings per share of 24 cents on revenue of $2.90 billion. The company reported adjusted earnings per share of 30 cents on revenue of $517 million. Analysts had expected earnings per share of 12 cents on revenue of $488 million, according


The company reported adjusted earnings per share of 90 cents on revenue of $3.87 billion. Analysts had expected earnings per share of 75 cents on revenue of $3.93 billion, according to Refinitiv consensus estimates. The company reported adjusted second-quarter earnings per share of 24 cents on revenue of $2.90 billion. The company reported adjusted earnings per share of 30 cents on revenue of $517 million. Analysts had expected earnings per share of 12 cents on revenue of $488 million, according
Stocks making the biggest moves after hours: Nordstrom, L Brands and more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: elizabeth myong
Keywords: news, cnbc, companies, nordstrom, revenue, sales, billion, company, stocks, hours, brands, share, moves, biggest, earnings, cents, making, million, reported, refinitiv


Stocks making the biggest moves after hours: Nordstrom, L Brands and more

Check out the companies making headlines after the bell:

Shares of Nordstrom surged 11% in extended trading after the retailer posted a strong profit despite weakening second-quarter sales. The company reported adjusted earnings per share of 90 cents on revenue of $3.87 billion. Analysts had expected earnings per share of 75 cents on revenue of $3.93 billion, according to Refinitiv consensus estimates.

Nordstrom, however, cut its full-year guidance for net sales and earnings. The company said it now expects full-year earnings per share between $3.25 and $3.50, down from its previous expectation for earnings per share between $3.25 and $3.65.

Pure Storage edged slightly lower after announcing the departure of Chief Financial Officer Tim Riitters as well as issuing a disappointing sales outlook. The flash storage company said Riitters will remain at the company in the fall as it searches for a successor. Pure Storage said it expects revenue between $434 million and $446 million for the third quarter and between $1.645 billion and $1.715 billion for fiscal 2020. Those figures are lower than Refinitiv consensus estimates for $466.3 million and $1.725 billion, respectively.

Shares of L Brands ticked 1% lower after the Victoria’s Secret owner posted disappointing sales, despite better-than-expected profit. The company reported adjusted second-quarter earnings per share of 24 cents on revenue of $2.90 billion. Analysts had expected earnings per share of 20 cents on revenue of $2.95 billion, according to Refinitiv consensus estimates. Same-store sales at Victoria’s Secret fell 6%, more than analyst expectations for a drop of 3.9%. But comparable store sales at Bath & Body Works grew 8%, better than the 6.3% expected.

Splunk briefly 1% after the software company reported strong second-quarter earnings and announced it would acquire cloud monitoring service SignalFx for $1.05 billion in cash and stock. The company reported adjusted earnings per share of 30 cents on revenue of $517 million. Analysts had expected earnings per share of 12 cents on revenue of $488 million, according to Refinitiv consensus estimates. The stock later reversed to trade slightly below its closing price.


Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: elizabeth myong
Keywords: news, cnbc, companies, nordstrom, revenue, sales, billion, company, stocks, hours, brands, share, moves, biggest, earnings, cents, making, million, reported, refinitiv


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Bank of America says buy these two high-yield transport stocks as rates fall

Trump says he’s considering payroll tax cut day after White House…Trump said he has “been thinking about payroll taxes for a long time” — and he cautioned that “whether or not we do something now, it’s not being done because of recession.” Politicsread more


Trump says he’s considering payroll tax cut day after White House…Trump said he has “been thinking about payroll taxes for a long time” — and he cautioned that “whether or not we do something now, it’s not being done because of recession.” Politicsread more
Bank of America says buy these two high-yield transport stocks as rates fall Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, thinking, bank, america, taxes, long, buy, payroll, hes, stocks, white, highyield, tax, recessionpoliticsread, fall, trump, rates, housetrump, transport


Bank of America says buy these two high-yield transport stocks as rates fall

Trump says he’s considering payroll tax cut day after White House…

Trump said he has “been thinking about payroll taxes for a long time” — and he cautioned that “whether or not we do something now, it’s not being done because of recession.”

Politics

read more


Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, thinking, bank, america, taxes, long, buy, payroll, hes, stocks, white, highyield, tax, recessionpoliticsread, fall, trump, rates, housetrump, transport


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Stocks making the biggest moves after hours: Cree, Urban Outfitters

The company said it expects an adjusted first-quarter loss per share between 3 cents and 7 cents on revenue between $237 million and $243 million. Analysts had forecast adjusted earnings of 15 cents a share on $251 million in revenue, according to Refinitiv consensus estimates. Urban Outfitters initially jumped 4% after reporting second-quarter earnings that beat analyst expectations, before reversing to trade almost 2% lower as revenue came up short. The retail company reported earnings per sha


The company said it expects an adjusted first-quarter loss per share between 3 cents and 7 cents on revenue between $237 million and $243 million. Analysts had forecast adjusted earnings of 15 cents a share on $251 million in revenue, according to Refinitiv consensus estimates. Urban Outfitters initially jumped 4% after reporting second-quarter earnings that beat analyst expectations, before reversing to trade almost 2% lower as revenue came up short. The retail company reported earnings per sha
Stocks making the biggest moves after hours: Cree, Urban Outfitters Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: elizabeth myong
Keywords: news, cnbc, companies, share, biggest, outfitters, urban, million, quarter, cents, hours, lower, cree, stocks, moves, analysts, earnings, company, fell, revenue, making


Stocks making the biggest moves after hours: Cree, Urban Outfitters

Check out the companies making headlines after the bell:

Shares of the lighting and LED company Cree fell as much as 7% in after-hours trading after the company’s outlook fell far below expectations. The company said it expects an adjusted first-quarter loss per share between 3 cents and 7 cents on revenue between $237 million and $243 million. Analysts had forecast adjusted earnings of 15 cents a share on $251 million in revenue, according to Refinitiv consensus estimates. That news outweighed better than expected fourth-quarter earnings and revenue.

Urban Outfitters initially jumped 4% after reporting second-quarter earnings that beat analyst expectations, before reversing to trade almost 2% lower as revenue came up short. The retail company reported earnings per share of 61 cents on revenue of $962 million. Analysts had expected earnings per share of 58 cents on revenue of $980.6 million, according to Refinitiv.

CEO Richard Hayne told analysts on a conference call, “This year’s second quarter will not be remembered as one of Urban’s finest. We produced sales and margins below our expectations.”

“This resulted in higher year-over-year markdowns and lower margins. Lower store traffic accentuated negative store comp performance and weighed on overall results,” he said.

The stock has been volatile during late trading and was last seen about 1% higher.

Shares of the home construction company Toll Brothers dropped more than 1% after the company said its quarterly profit fell 24%. The company reported that its net income for the fourth quarter fell to $146.3 million, or $1.00 per share, from $193.3 million, or $1.26 a share, a year ago. Douglas Yearley, Jr., Toll Brothers’ chairman and chief executive officer, cited a decline in contracts during the third quarter.


Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: elizabeth myong
Keywords: news, cnbc, companies, share, biggest, outfitters, urban, million, quarter, cents, hours, lower, cree, stocks, moves, analysts, earnings, company, fell, revenue, making


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‘Everything seems like a trap now’ — Cramer warns about mixed signals in the stock market

Investors should be careful not to buy or sell stocks based on last week’s brief inversion of the yield curve in the bond market, CNBC’s Jim Cramer warned on Monday. “Everything seems like a trap now,” Cramer said on CNBC’s “Squawk Box.” “It was a trap to sell off the inverted, and now they have to go buy back on the uninverted. Over the weekend, White House trade advisor Peter Navarro played down Wednesday’s inversion, saying technically it was more flat than inverted. Cramer said he hears more


Investors should be careful not to buy or sell stocks based on last week’s brief inversion of the yield curve in the bond market, CNBC’s Jim Cramer warned on Monday. “Everything seems like a trap now,” Cramer said on CNBC’s “Squawk Box.” “It was a trap to sell off the inverted, and now they have to go buy back on the uninverted. Over the weekend, White House trade advisor Peter Navarro played down Wednesday’s inversion, saying technically it was more flat than inverted. Cramer said he hears more
‘Everything seems like a trap now’ — Cramer warns about mixed signals in the stock market Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: matthew j belvedere
Keywords: news, cnbc, companies, trade, sell, market, yield, warns, inversion, inverted, mixed, stock, recession, wednesdays, signals, cramer, uninverted, stocks, trap


'Everything seems like a trap now' — Cramer warns about mixed signals in the stock market

Investors should be careful not to buy or sell stocks based on last week’s brief inversion of the yield curve in the bond market, CNBC’s Jim Cramer warned on Monday.

Cramer was skeptical about buying the Dow Jones Industrial Average’s 300-point advance at the open on Wall Street, which was playing out against the backdrop of continuing bond yield stabilization.

“Everything seems like a trap now,” Cramer said on CNBC’s “Squawk Box.” “It was a trap to sell off the inverted, and now they have to go buy back on the uninverted. What happens if we get inverted again?”

Last Wednesday, stocks tanked after the 10-year Treasury yield briefly inverted and dipped below the 2-year for the first time since before the 2008 financial crisis and subsequent Great Recession.

Such a move preceded every recession over the past 50 years.

“The idea that we uninverted the yield curve is something that lasts for, who knows, like an hour,” the “Mad Money” host said, facetiously, arguing against reading too much into the inversion theory.

Over the weekend, White House trade advisor Peter Navarro played down Wednesday’s inversion, saying technically it was more flat than inverted. For a true inversion, he argued, the spread would need to have been much larger. President Donald Trump said he does not see a recession on the horizon.

If the Dow were to hold on to its early gains by Monday’s close, it would erase all of Wednesday’s 800-point sell-off, the worst single-session of the year.

Cramer said he understands why investors might be suspicious of the economy, given the track record of inversions as recession indicators and the concerns about global economic growth due to the U.S.-China trade war.

Cramer said he hears more doom and gloom in the media than he does from companies. “I do feel like things are worse when I listen to people talk, than reality,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: matthew j belvedere
Keywords: news, cnbc, companies, trade, sell, market, yield, warns, inversion, inverted, mixed, stock, recession, wednesdays, signals, cramer, uninverted, stocks, trap


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Goldman says buy dividend stocks amid diving yields

Investors have piled into safe-haven Treasurys recently, pushing bond yields to their historic lows last week as stocks sold off. Goldman predicted the S&P 500 annualized dividend growth to be 3.5% during the next decade. Goldman screened stocks with strong dividend growth and high dividend yields, based on their dividend estimates and payout ratios. The average stock in its basket has a dividend yield of 3.8% versus 2.1% for the typical S&P 500 stock. AT&T, Kohl’s and data storage company Seaga


Investors have piled into safe-haven Treasurys recently, pushing bond yields to their historic lows last week as stocks sold off. Goldman predicted the S&P 500 annualized dividend growth to be 3.5% during the next decade. Goldman screened stocks with strong dividend growth and high dividend yields, based on their dividend estimates and payout ratios. The average stock in its basket has a dividend yield of 3.8% versus 2.1% for the typical S&P 500 stock. AT&T, Kohl’s and data storage company Seaga
Goldman says buy dividend stocks amid diving yields Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: yun li
Keywords: news, cnbc, companies, 500, yields, amid, dividend, yield, goldman, diving, buy, company, sp, strategist, stocks, growth


Goldman says buy dividend stocks amid diving yields

In a falling rate environment, Goldman Sachs is advising clients to buy high-dividend payers, which it says are trading at their cheapest levels in nearly 40 years relative to stocks with low yields.

“With the 10-year Treasury yield at just 1.5% and the Fed likely to cut two more times this year, investors should look for opportunities in dividend stocks,” Goldman chief U.S. equity strategist David Kostin said in a note Friday.

Investors have piled into safe-haven Treasurys recently, pushing bond yields to their historic lows last week as stocks sold off. If the market remains shaky in the face of a slowing global economy and the intensified trade war, investors may look to stocks with more steady dividend income, according to Goldman.

The market is pricing in “an overly pessimistic” level of dividend payouts with the swap-market prices implying merely 0.7% growth over the next decade, Kostin pointed out. Additionally, the valuation gap between high- and low-dividend-yield stocks is close to the widest it has been in the last 40 years, the strategist said.

However, the reality is that U.S. companies are increasing dividends steadily with the S&P 500 dividends rising by 9% in the first and second quarters this year, he said. Goldman predicted the S&P 500 annualized dividend growth to be 3.5% during the next decade.

Goldman screened stocks with strong dividend growth and high dividend yields, based on their dividend estimates and payout ratios. The average stock in its basket has a dividend yield of 3.8% versus 2.1% for the typical S&P 500 stock.

AT&T, Kohl’s and data storage company Seagate Technology all have a dividend yield of about 6% and make the Goldman list of about 50 stocks. Food processing company Archer-Daniels Midland, Citizens Financials and real estate company Simon Property Group are also among those big dividend growers.


Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: yun li
Keywords: news, cnbc, companies, 500, yields, amid, dividend, yield, goldman, diving, buy, company, sp, strategist, stocks, growth


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