Category Archives: Stocks
Four Gleacher Directors Confirm They Will Resign
Four directors of Gleacher & Co. (GLCH) confirmed they will resign at the embattled company’s annual meeting next week as the biggest outside shareholder prepares to take charge of the board. Continue reading
Macy’s profit, sales rise even as some shoppers pull back
By Phil Wahba (Reuters) – Macy's Inc reported higher first-quarter profit and sales on Wednesday as it won market share from rival department stores. The company's shares closed up 2.5 percent at $48.57, near a year high Continue reading
Dow, S&P 500 end at record highs again, Google jumps
By Angela Moon NEW YORK (Reuters) – U.S. stocks rose on Wednesday, with the Dow and S&P 500 hitting new all-time highs in a broad market rally as the recent upward momentum persisted Continue reading
MSCI to Remove San Miguel, Add Metro Pacific in Global Standard Indices
Philippine conglomerate San Miguel Corp. Continue reading
Cramer’s 6 Stocks in 60 Seconds: RH SWY KORS SCHW NE ABBV (Update 1)
Check out Jim Cramer’s latest trading recommendations on “Action Alerts Plus”. (Updates from 10:44 a.m. ET with closing information.) NEW YORK (TheStreet) — Here’s what Jim Cramer had to say on CNBC’s “Squawk On The Street” Wednesday Continue reading
Cisco Surges as Sales, Profit Beats Forecasts
(Story updated with CEO and CFO remarks) NEW YORK (TheStreet) — Cisco was surging 7.7% to $22.85 in extended-hours trading after the biggest maker of computer-networking equipment beat on both top and bottom lines for its fiscal third quarter. “We are well-positioned in major tech global growth markets,” CEO John Chambers said during the company’s earnings call Continue reading
Dicker: Investing Opportunity in Refiners
NEW YORK (TheStreet) — I sat down with Jim Cramer today to discuss the International Energy Agency report and how it might translate into some actionable ideas. One idea for the long term is in refining. With the IEA calling for another 4 million barrels a day of crude supply coming on line in North America over the next five years, there will be an inevitable glut of crude that our demand just cannot use up. Continue reading
U.S. regulator sets final rules for swaps trading
By Douwe Miedema WASHINGTON (Reuters) – The top U.S. derivatives regulator unveiled rules for swaps trading that could break open Wall Street’s dominance of the $630 trillion (413.33 trillion pounds) market, yet contain important concessions to the industry. The Commodity Futures Trading Commission (CFTC) is writing a host of new rules based on lessons learned from the 2007-09 financial crisis, which highlighted the opacity of derivatives and triggered a regulatory crackdown Continue reading
Stocks Get Lift as Google Breaks $900
NEW YORK (TheStreet) — The benchmark indices pushed to fresh highs amid mixed economic data as Google zoomed to historic territory. The S&P 500 rose 0.51% to 1,658.78 as investors cheered a stronger-than-expected housing report offsetting sobering data on U.S. manufacturing Continue reading →