[ad_1] Check out the companies making headlines in midday trading. Gap — The apparel retailer saw shares surge 30.6% after it posted fiscal third-quarter results late Thursday that beat Wall Street’s estimates due to strong sales at Old Navy and improvements at its namesake banner. Adjusted earnings of 59 cents per share smashed analysts’ expectations … Read more
[ad_1] It’s no secret that most consumers in China haven’t been in a mood to spend big. But what would get them to open their wallets is so far from reality that Jefferies analysts said Wednesday it’s up to companies to find ways to grow on their own. The analysts’ “random check” of consumers in … Read more
[ad_1] Legendary value investor Jeremy Grantham is betting on a special caliber of stocks with his firm’s first active ETF: the GMO U.S. Quality ETF. And he put GMO partner Tom Hancock in charge of it. “There’s a lot more interest in active ETFs than there was even a few years ago,” Hancock told CNBC’s … Read more
[ad_1] Chinese smartphone companies like Huawei are rebounding in their home market, giving a boost to domestic suppliers — and increasing the pressure on Apple . It’s a reflection of a geopolitically-driven shift in the tech industry. A clear takeaway from last week’s meeting of the U.S. and Chinese presidents is that American restrictions on sales … Read more
[ad_1] BARCELONA, SPAIN – MARCH 01: A view of the MasterCard company logo on their stand during the Mobile World Congress on March 1, 2017 in Barcelona, Spain. (Photo by Joan Cros Garcia/Corbis via Getty Images) Joan Cros Garcia – Corbis | Corbis News | Getty Images Mastercard is doubling down on its efforts to … Read more
[ad_1] Check out the companies making the biggest moves in premarket trading: Boeing — The aerospace stock added 1.5% following an upgrade to buy from hold by Deutsche Bank. The bank noted Boeing’s acceleration of aircraft deliveries and said it believes this improved performance can be sustained. Microsoft — Shares added 0.5% after Microsoft announced … Read more
[ad_1] Check out the companies making headlines in midday trading. Zoom Video Communications — The software stock added 2.9% ahead of its third-quarter earnings due after market close. Analysts polled by FactSet expect $1.08 per share in earnings and revenue of $1.12 billion for the quarterly period, compared to the company’s guidance of between $1.07 … Read more
[ad_1] Cautious investors piling into cash may want to consider other options. According to SPDR Exchange Traded Funds’ Matthew Bartolini, active management can also provide them with stability and income while creating more opportunities for upside. “Active fixed income has been really a consistent engine of support within the active [ETF] construct — not only … Read more
[ad_1] Apartment blocks under construction in the Nanchuan area of Xining, Qinghai province, China. Qilai Shen | Bloomberg | Getty Images BEIJING — China’s property market, which makes up a substantial chunk of the country’s economy, needs more government support to prevent it from deteriorating further, analysts said. Existing home prices fell in October by … Read more
[ad_1] Check out the companies making headlines in premarket trading. Lowe’s — The home-improvement retailer dropped 3.9% after cutting its sales outlook for the full year. Lowe’s also missed analyst expectations for revenue in the third quarter, as sales slid 13% year over year. Dick’s Sporting Goods — The athletic goods retailer saw its shares … Read more
