Month: November 2018

The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Haliburton. Karen Finerman was a buyer of the Emerging Markets ETF. Dan Nathan was a buyer of Box. Guy Adami was a buyer of Eli Lilly. Trader disclosure: On November 29, 2018 the following stocks and commodities
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Frontier Airlines’ parent is planning to buy a stake in low-cost carrier WOW Air, the companies said Thursday, the same day Icelandair Group announced it had scrapped a planned acquisition of its ailing rival, calling WOW’s fate into question. Indigo Partners, a Phoenix-based private equity firm which owns Frontier, has invested in discount carriers in
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Cloud storage provider Box reported a smaller-than-expected quarterly loss as it added more customers, and forecast full-year revenue estimates above analysts’ estimates. The company’s shares, which have fallen about 14 percent this year, rose 5 percent in extended trading. Box ended its third quarter with more than 90,000 paying customers, up from 87,000 in the
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Online sales growth at Target and Walmart is starting to snowball as the holiday season enters full swing, with new data showing the retail giants growing digital sales faster than rival Amazon. Walmart’s U.S.-owned e-commerce growth accelerated to 43 percent in the third quarter, while Target posted a record 49 percent year-over-year surge, according to
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Federal Reserve Chairman Jerome Powell may have “blinked” in his Wednesday speech, saying that the Fed had “no preset policy path” for interest rates, but his work is far from over, CNBC’s Jim Cramer warned as stocks popped on Powell’s speech. “What’s the biggest risk to the system right now? After listening to Fed Chief
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The so-called FAANG stocks are still looking pretty precarious right now. In the last three months, both Facebook and Apple have plunged over 20 percent. Amazon and Netflix haven’t fared much better, and even the relatively-stable Alphabet is trading down 15 percent. So let’s look past FAANG stocks for a moment. There are plenty of
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Salesforce.com is in peak performance mode as companies shift their operations to become more digital and cloud-reliant, the software giant’s Chairman, co-founder and co-CEO Marc Benioff told CNBC on Tuesday. “I don’t think the company’s ever been stronger or been in a better position, and the reason why is every company that we’re dealing with
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It’s been a year in the making, but CVS Health has finally closed on its $69 billion acquisition Aetna, creating a new health-care powerhouse. The merger combines CVS’ pharmacies with Aetna’s insurance business, blurring traditionally distinct lines in hopes of lowering costs. CVS also has one of largest pharmacy benefits managers through CVS Caremark and
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