Month: June 2018

Domino’s Pizza CEO Patrick Doyle will step down from his post this weekend but analyst Matthew DiFrisco told CNBC that the company has the right recipe for continued success. “Personalized marketing is the key,” DiFrisco, managing director at Guggenheim Securities, said on “Power Lunch” Friday. “They’re combining the digital investment with value proposition and also
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If you’re watching home prices head north and wonder how you’ll ever come up with a down payment, your state might have a way to help. Enter so-called “first-time home buyer savings accounts.” Various state legislatures have authorized these programs, which come with varying tax advantages for people saving up to buy a house. Oregon
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P.F. Chang’s is looking for a new owner. Centerbridge Partners and the board of managers of Wok Parent revealed Friday they have retained Bank of America Merrill Lynch and Barclays to explore a possible sale of the Chinese food chain. “Given the positive performance of P.F. Chang’s Bistro and having received multiple unsolicited indications of
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U.S. stock investors aren’t the only ones suffering from anxiety over the Trump administration’s trade policies. China’s Shanghai composite is tracking for its worst year in seven after falling 8 percent in June, amid escalating trade tensions and Beijing’s efforts to reduce reliance on high debt levels. A relentless six-week selling streak has sent the
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Tesla may start turning a profit as early as this year, automotive analyst Jamie Albertine told CNBC. “Based on what we’re seeing in the trajectory of production, we think they will be profitable on a non-gap basis later this year,” Albertine said Friday on “Power Lunch.” “We think we’ll be testing $385 [price target], on
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When technological innovation threatens to upend the status quo, the status quo fights back. Every time. I try to keep that in mind when observing oil industry-backed efforts to discredit electric vehicles (EVs) and dismantle progress on transportation electrification by peddling misinformation through industry-funded studies. To give you a sense of the absurdity of these
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Nike on Thursday reported earnings and sales that topped analysts’ expectations for the fiscal fourth quarter and announced a new, four-year $15 billion share repurchase program. The company said it saw a “return to growth in North America,” which has lately been a sluggish spot for sales following a handful of retail bankruptcies. Revenues, meanwhile,
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Check out the companies making headlines before the bell: Constellation Brands – The spirits producer reported adjusted quarterly profit of $2.20 per share, missing the consensus estimate of $2.43, although revenue did beat Street forecasts. Constellation said its operating margins dropped 230 basis points due to higher transportation costs, an unfavorable foreign currency situation, and
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Goldman Sachs and Morgan Stanley were forced to leave shareholder pay-outs at roughly last year’s level after fumbling a crucial part of the Federal Reserve’s annual stress test, while competitors from JPMorgan Chase to Citigroup were allowed to boost distributions. The New York-based investment banks were ensnared by the administration’s tax cut, which resulted in
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Netflix’s global subscription expansion as well as gradual pricing increases put the company’s stock on track for even more upside over the next year, according to Macquarie Research. The firm raised its price target on the online video streamer’s shares to $430 from $336, reiterating its outperform rating and citing uplift in subscriptions to higher
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Chevron. Tim Seymour was a buyer of Alibaba. David Seaburg was a buyer of Tesla. Guy Adami was a buyer of Tesaro. Trader disclosure: On June 27, 2018 the following stocks and commodities mentioned or intended to
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Check out the companies making headlines after the bell: Shares of Pier 1 Imports plummeted more than 15 percent in extended-hours trading after the retailer reported weak sales. The popular home decor company saw same-store sales drop 8.2 percent, compared with analyst expectations of 7.7 percent. Pier 1 also missed on revenue, reporting $371.9 million
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