Investing

The Pets.com sock puppet dog stars in a commercial for the company, Jan. 11, 2000, in Los Angeles. Bob Riha | Liaison | Getty Images Greenlight Capital’s David Einhorn, who successfully made bets against companies including Enron, is likening hot IPO Chewy to dot-com bubble poster child Pets.com. In his quarterly letter to clients, Einhorn

Justin Sun Yuchen, founder of Tron and CEO of BitTorrent, speaks during Ifeng Finance Summit at China World Summit Wing on November 4, 2015 in Beijing, China. (Photo by Jiang Xin/VCG via Getty Images) Jiang Xin | VCG | Getty Images Who would’ve thought Warren Buffett‘s charity lunch this year would involve kidney stones, a

On Wednesday, a big trader, perhaps the infamous trader know as “Fifty Cent” (named for his/her propensity to buy  VIX call options worth 50 cents), bought some 261,000 VIX calls at the August 21st expiry 20 strike calls. (The CBOE Volatility Index is called the stock market’s fear gauge, tracking the price of options on

Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Here are the biggest calls on Wall Street on Friday: KBW upgraded Citi, Goldman Sachs, and Bank of America to ‘outperform’ from ‘market perform’ KBW said the three banks are best positioned to benefit from an “extended” economic cycle. “We are upgrading shares of Citigroup,

A woman enters Bear Stearns headquarters in New York, March 14, 2008. Daniel Acker | Bloomberg | Getty Images A former trader at Scotia Capital and Bear Stearns pleaded guilty Thursday to a federal crime and admitted manipulating precious metals markets for nine years — the latest in a series of crackdowns in the commodities

A UPS driver pushes a load of packages from his truck to a building in downtown Los Angeles, California, July 22, 2019. Mike Blake | Reuters Here are the biggest calls on Wall Street on Thursday: Credit Suisse upgraded AT&T to ‘neutral’ from ‘sell’ Following the company’s earnings results, Credit Suisse upgraded the stock but

Source: Betterment Regulators have asked online wealth advisor Betterment to clarify some details surrounding its new checking and savings accounts just hours after they were launched. The digital wealth-management start-up unveiled new accounts that offer as much as a 2.69% annual yield. But Betterment was asked to provide more specifics to one of its regulators

An employee of Tupperware Brands Corporation is at work on the production line at the group’s plant in Joue-les-Tours, centre France, on the day of its 40th anniversary. AFP PHOTO / JEAN-FRANCOIS MONIER (Photo credit should read JEAN-FRANCOIS MONIER/AFP/Getty Images) Jean-Francois Monier | AFP | Getty Images Tupperware shares plummeted after the company’s earnings and

A vacuuming Roomba model robot is displayed at iRobot headquarters in Bedford, Massachusetts Scott Eells | Bloomberg | Getty Images The U.S.-China trade war is badly hurting iRobot, the company that makes the Roomba robot vacuum cleaner. Shares of iRobot plummeted more than 13% in after-hours trading Tuesday after the company’s top executive said tariffs

Avengers Endgame Source: Marvel Studios. Disney will nearly double earnings by 2024 on the back of momentum from Marvel content feeding its new streaming service, predicts Morgan Stanley. The firm said Disney can double earnings per share from $6.50 in 2020 to between $11 and $12 in 2024, as it builds its Disney+ streaming customer base.

Billionaires Carl Icahn and Warren Buffett. Getty Images (l) | CNBC (r) Activist investor Carl Icahn thinks Occidental Petroleum CEO Vicki Hollub got played by the Oracle of Omaha himself, Warren Buffett, in the company’s effort to buy Anadarko Petroleum. “Buffett figuratively took her to the cleaners,” Icahn said in a letter to shareholders Monday.

‘BAANG’ is the new ‘FAANG.’ So says technical analyst John Roque at Wolfe Research, who believes a group of gold miners he coined as BAANG— Barrick Gold, AngloGold, Agnico Eagle Mines, Franco-Nevada, Gold Fields — are better plays than mega-cap FAANG names as they might have reached their peaks and started losing steam. “We made

Netflix Co-founder, Chairman & CEO Reed Hastings attends Q&A during Transatlantic Forum as part of Series Mania Lille Hauts de France festival on May 3, 2018 in Lille, France. Sylvain Lefevre | Getty Images Netflix shares may be getting hammered on Thursday but research from Bespoke Investment Group shows that history is typically kind to

Dara Khosrowshahi, chief executive officer of Uber Technologies speaks on a webcast during the company’s initial public offering on the floor of the New York Stock Exchange, May 10, 2019. Michael Nagle | Bloomberg | Getty Images Morgan Stanley gave clients a bunch of earnings stock picks where the firm’s view differs from the rest

On the 50th anniversary of the Apollo 11 mission to the moon, the leader of the National Aeronautics and Space Administration gave his predictions for the future of the space industry and how it could be a lucrative enterprise much sooner than most investors think. NASA Administrator Jim Bridenstine said, for example, that harvesting rare-earth

Larry Fink, chief executive officer of BlackRock Inc., speaks during a Bloomberg Television interview in New York, U.S., on Wednesday, April 19, 2017. Bloomberg | Bloomberg | Getty Images Companies are moving their supply chains out of China instead of waiting for a trade resolution between Washington and Beijing, BlackRock Chairman and CEO Larry Fink

CEO of Apple Tim Cook attends China Development Forum 2019 at the Diaoyutai State Guesthouse on March 23, 2019 in Beijing, China. Han Haiden | Visual China Group | Getty Images Here are the biggest calls on Wall Street on Friday: Nomura Instinet raised its price target on Apple to $180 from $175 Nomura raised

Tesla Model 3 is being displayed for the press members ahead of 97th Brussels Motor Show at Brussels Expo Center in Brussels, Belgium on January 19, 2019. Dursun Aydemir | Anadolu Agency | Getty Images Tesla got a boost on Friday from one of its biggest Wall Street skeptics, who now sees Elon Musk’s electric

Signage is displayed outside Morgan Stanley & Co. headquarters in the Times Square neighborhood of New York. Michael Nagle | Bloomberg | Getty Images Morgan Stanley‘s rich clients may have gotten surprised by their tax bills this year. The bank’s wealth management business was hit by an unexpectedly high outflow of deposits in the second

(L-R) Actors Noah Schnapp, Caleb McLaughlin and actress Sadie Sink pose after the Stranger Things panel during day 2 of Argentina Comic Con 2018 at Costa Salguero on December 08, 2018 in Buenos Aires, Argentina. Ricardo Ceppi | Getty Images | NETFLIX Wall Street analysts were urging clients to remain calm in the wake of

Andrew Left, founder and CEO of Citron Research Adam Jeffery | CNBC Andrew Left’s Citron Capital posted a net return of 24.7% after fees and expenses in the first half of 2019, according to an investment letter posted on the fund’s website Wednesday, but said “it has been an extraordinarily challenging environment to be a

Tim Cook, chief executive officer of Apple Inc., speaks during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Monday, March 25, 2019. David Paul Morris | Bloomberg | Getty Images Here are the biggest calls on Wall Street on Wednesday: Goldman Sachs raised its price target on Apple to $187 from

A woman walks past JP Morgan Chase’s corporate headquarters in New York. Getty Images A few of the largest U.S. banks on Tuesday warned investors of the effect multiple interest rate cuts by the Federal Reserve could have on their bottom lines throughout the rest of 2019. J.P. Morgan, Wells Fargo and Goldman Sachs all

A Jeep Renegade 4×4 e is presented at the Geneva Motor Show March 5, 2019. Signage in the background says”‘FCA Fiat Chrysler Automobiles,” to which Jeep belongs. Uli Deck | picture alliance | Getty Images Here are the biggest calls on Wall Street on Tuesday: Goldman Sachs initiated Fiat Chrysler as ‘sell’ Goldman said FCA

Treasury Secretary Steven Mnuchin Jonathan Ernst | Reuters Treasury Secretary Steven Mnuchin has concerns about Facebook’s cryptocurrency and its potential illicit use. In a press conference Monday, he Facebook’s proposed digital currency, Libra, “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.” The press conference comes days

Larry Culp, CEO, General Electric Scott Mlyn | CNBC UBS lowered its rating on shares of General Electric to neutral from buy on Monday, saying the firm was “taking a breather after recent stock outperformance.” “A notable decline in interest rates and ongoing power market weakness drive our more balanced valuation upside/downside,” UBS analyst Damian

James Gorman, chief executive officer of Morgan Stanley. Michael Nagle | Bloomberg | Getty Images Here are the biggest calls on Wall Street on Friday: Citi upgraded Morgan Stanley to ‘buy’ from ‘neutral’ Citi said that Morgan Stanley‘s upcoming earnings may be “difficult,” but it likes the firm’s “limited rate exposure.”  “While 2Q19 is expected

Six Flags Over Texas in Arlington, Texas. Mike Fuentes | Bloomberg | Getty Images Watch out for the comeback kids. While market records were broken and many stocks surged in the first half of the year, not all of them did. Wall Street analysts were telling clients there were plenty of values to be found

An employee rings up a customer’s merchandise at The Container Store in Chicago, Illinois. Scott Olson | Getty Images There’s a group of stocks that tend to rise or fall dramatically following their earnings report. Bespoke Investment Group analyzed the most volatile names on earnings, looking at companies that have been publicly traded for at

A man cleans a PW1000G geared turbofan engine developed by MTU Aero Engines AG and Pratt & Whitney, a unit of United Technologies Corp., at the Singapore Airshow held at the Changi Exhibition Centre in Singapore. Brent Lewin | Bloomberg | Getty Images The Dow Jones Industrial Average reached 27,000 for the first time ever