Delta Air Lines’ fourth quarter profits topped Wall Street’s expectations, as lower fuel prices and strong travel demand — particularly for high-priced premium tickets — lifted the Atlanta-based carrier’s results and boosted shares more than 4% in premarket trading. — RECOMMENDED — THE WINNING STRATEGY THAT WALL STREET HAS BEEN HIDING FROM EVERYONE… FULL DETAILS … Read more
Economists expect December’s employment report to show a solid pace of job growth and steady wage gains, but some economists say the report could contain an upside surprise or two. One reason may be the increasing willingness of employers to raise wages as they struggle to retain and attract talent in a tight job market. … Read more
1. S&P 500 futures turn positive after sinking overnight on Iran’s retaliation S&P 500 futures turned higher Wednesday morning, coming back from overnight lows of more than 1.6% after Iran retaliated for the U.S. killing of a top Iranian general. In the immediate aftermath of Iran on Tuesday night launching more than a dozen ballistic … Read more
Has it been a wild ride for IPOs this year or what? We’ve seen major rideshare companies Lyft Inc (LYFT) and Uber Technologies (UBER) IPO… as well as some unexpected unicorns like (fake-meat supplier) Beyond Meat (BYND) and Zoom Video Communications (ZM). Not only that, but we witnessed the largest company in the world IPO … Read more
The Federal Reserve is expected to conclude its December meeting on Wednesday afternoon by signaling it’s in no hurry to do anything to change its neutral stand on interest rates. But Fed Chairman Jerome Powell is likely to promise the central bank will do whatever is necessary to keep liquidity high and overnight lending rates … Read more
Oil gained more than 4% on Wednesday, as a larger-than-expected drop in U.S. inventories and hopes of deeper production cuts from OPEC lifted prices. U.S. West Texas Intermediate crude futures gained $2.29, or 4%, to trade at $58.39 a barrel for the third straight day of gains. Brent crude futures were up $2.41, or 4%, … Read more
1. Dow to drop over 200 points at open after Trump’s China trade comments U.S. stock futures were pointing to a sharply lower Wall Street open on Tuesday after President Donald Trump told reporters in London it might be better to wait until after the 2020 election to strike a trade deal with China. Disappointing … Read more
Best Buy shares surged more than 4% in premarket trading after reporting earnings and revenue that beat analysts’ expectations while also raising its earnings guidance. Here’s what analysts are expecting, based on a survey of analysts by Refinitiv: Earnings per share, adjusted: $1.13 vs. $1.03 expected Revenue: $9.76 billion vs. $9.70 billion expected Same-store sales … Read more
This month has become a sideways “slowvember” slide in recent weeks, with stocks remarkably steady near record highs, as investors are again left to wonder if the tape is resting or rolling over. The August lows in both the S&P 500 and 10-year Treasury yields continue to look like consequential bottoms, reflecting a late-summer overshoot … Read more
Charles Schwab on Monday announced plans to buy discount brokerage rival TD Ameritrade in an all-stock deal valued at $26 billion. As part of the agreement, Ameritrade stockholders will receive 1.0837 Schwab shares for every share held. The deal is expected to close in the second half of 2020. — RECOMMENDED — 2 Nobel Prize … Read more