Investing

Bernard Weil | Toronto Star | Getty Images Planet Fitness’ affordable and inclusive business model is working for the stock and will drive future growth, according to Raymond James. Raymond James initiated coverage on Planet Fitness with an outperform rating and a 12-month price target of $80, betting that the the gym’s unique business structure

Federal Reserve Chairman Jerome Powell holds a news conference following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington, U.S., March 20, 2019. Jonathan Ernst | Reuters Despite a policy pivot earlier this year and an even clearer shift just last week, the Federal Reserve remains miles apart from what Wall Street wants.

Paychex Access payroll card in Brookline, Mass. Pat Greenhouse | The Boston Globe | Getty Images Shares of Paychex dropped on Wednesday after Bank of America downgraded the stock due to its “excessive valuation” and “underwhelming fundamentals.” The bank slashed its rating for the employment services company to underperform from neutral, while keeping its 12-month

Federal Reserve Chairman Jerome Powell stressed the central bank’s independence in a speech Tuesday that comes amid continuous pressure from the White House to cut interest rates. He spoke during a event at the Council on Foreign Relations in New York that investors were watching closely for clues about the direction of monetary policy. His

A shopper carries an Insignia Roku TV television at a Best Buy Co. store in Louisville, Kentucky, U.S., Luke Sharrett | Bloomberg | Getty Images More than 300 companies are talking to government officials in Washington this month about how detrimental the trade war between the U.S. and China has been and will be to

Harley Finkelstein, COO, Shopify Scott Mlyn | CNBC There’s an up and coming company you may not know much about that’s gearing up to compete with Amazon in a big way… and Wall Street analysts’ believe it has a fighting chance. Last week, Canada-based Shopify unveiled its “shopper fulfillment network” a new service that will

Traders work the floor at the NYSE in New York. Brendan McDermid | Reuters A dovish tilt from the Federal Reserve sent everything from stocks to bonds to gold rallying in unison, but stocks with this one feature are poised to crush the market after a rate cut, according to Goldman Sachs. And that feature

Companies are having a much harder time during the ongoing U.S.-China trade war than the stock market shows, CNBC’s Jim Cramer said Friday. “The real world is much worse than the stock market indicates,” Cramer said on “Squawk Box. “ Out of the dozens of company executives he’s spoken with, the “Mad Money ” host

Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 30, 2019. Brendan McDermid | Reuters Value investing might have lost its value. The classic factor investing strategy of picking stocks with cheap book valuation, embraced by the legendary Warren Buffett, has become increasingly irrelevant thanks to central

Kyle Bass Mark Neuling | CNBC Hedge fund manager Kyle Bass believes the United States now has more leverage over China in trade negotiations than ever before and encouraged President Donald Trump to follow his hard-line tactics to force concessions from Beijing. In an interview with CNBC’s David Faber, Bass said that the strength of

The U.S. Commerce Department has banned five more Chinese entities from buying U.S. components after blacklisting telecom giant Huawei last month. Higon, Chengdu Haiguang Integrated Circuit, Chengdu Haiguang Microelectronics Technology, Sugon and Wuxi Jiangnan Institute of Computing Technology are the five Chinese firms added to the department’s entity list, according to a filing. The department

Carson Block Anjali Sundaram | CNBC Investors shouldn’t get their hopes up for the U.S. and China to make any progress on the trade front at the G-20 summit next week, short-seller Carson Block said on Friday. “I don’t think we’re going to have any rapprochement here. The Chinese media seems to be digging in

John Gress | Corbis | Getty Images Traders in the fed funds futures market made bets in record numbers this week, with the bulk of the money looking for the central bank to cut interest rates aggressively in the months ahead. Trading volume soared to 1,293,459 million contracts Wednesday, the same day the Federal Open

In some key ways, the Donald Trump economy, on fire last year but slowing this year, is starting to resemble the one he inherited from his predecessor . There are the rock-bottom bond yields, plodding economic growth and, not to be understated, the Federal Reserve seemingly pulling all the strings, a role that was only

David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters One of Wall Street’s most vocal and longest critics of Goldman Sachs has changed his tune and now recommends investors buy the company’s stock, saying its investment

Federal Reserve Chairman Jerome Powell said Wednesday that despite reports that President Donald Trump was looking to demote or fire him, he doesn’t plan on leaving the central bank anytime soon. “I think the law is clear that I have a four year term, and I fully intend to serve it,” Powell said in a

Traders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images Traders are convinced the Federal Reserve will cut rates next month. The fed funds futures market is now pointing to a 100% chance of an easing of monetary policy next month — a 67% chance of

Jonathan Nicholson | NurPhoto | Getty Images Shares of Western Union fell Tuesday as excitement around the potential of sending money internationally without fees with Facebook’s new cryptocurrency took a bite out of the money exchanging company. Western Union was one of the the worst performing stocks on the S&P 500 index, falling 1.7%. Facebook

Facebook announced its cryptocurrency, called Libra. Chesnot | Getty Images News | Getty Images The cryptocurrency industry cannot get enough of Libra, touting its ability to gain mainstream adoption which bitcoin strived to do for years. “Libra is potentially one of the most positive external tailwinds in Bitcoin in its 10-year history,” said Spencer Bogart,

Beyond Meat CEO Ethan Brown (C) celebrates with guests after ringing the opening bell at Nasdaq MarketSite, May 2, 2019 in New York City. Drew Angerer | Getty Images The red-hot market for new public companies in 2019 like Beyond Meat and Chewy could spell bad news for the broader stock market in the year

A man takes a photo of new Google products on display during the Google I/O conference at Shoreline Amphitheatre in Mountain View, California on May 7, 2019. Josh Edelson | AFP | Getty Images Not all FAANG stocks will survive and thrive in regulators’ battle to breakup big tech, according to Needham. Given an overall

A Broadcom chip in an Apple iPhone. Brent Lewin | Bloomberg | Getty Images The financial fallout from the U.S. China trade war is beginning. But a day after after chipmaker Broadcom reported disappointing earnings, Wall Street analysts are urging investors to stay calm. The report sent chip stocks plummeting after the company cut its

Facebook’s founder and CEO Mark Zuckerberg speaks to participants during the Viva Technologie show at Parc des Expositions Porte de Versailles on May 24, 2018 in Paris, France. Chesnot | Getty Images RBC Capital Markets believes that Facebook has a “crypto opportunity,” explaining in a note to investors the firm’s high expectation for the tech giant’s coming

Elon Musk Joe Skipper | Reuters One of Wall Street’s most optimistic Tesla analysts is sticking with his call for the stock to double over the next 12 months, telling clients that recent negative sentiment is “decoupled from reality.” The market fails to understand Tesla’s “technological and cost advantage” and remains on track for solid

Options traders are flooding into the Magic Kingdom after a bullish call from Morgan Stanley forecasting blockbuster profits from upcoming streaming service Disney+. The note predicts that Disney‘s over-the-top service will boast 130 million or so subscribers by 2024. That would represent prolific year-over-year growth for a streaming platform chasing the current leader, Netflix, which

Evercore ISI Chairman Ed Hyman sees an “insurance” rate cut in July and more to follow as the inverted yield curve is making him “quite uncomfortable.” “I think they are going to ease in July and ease a couple of more times to try and get yield curve positive again and also put some insurance

Broadcom CEO Hock Tan is paying the price for misjudging President Donald Trump‘s resolve to “bring the Chinese to their knees,” CNBC’s Jim Cramer said Friday. Trump feels he has to “sacrifice Broadcom on the alter of Huawei” to humble China in trade negotiations, Cramer argued. Last year, Broadcom received about $900 million in revenue

Amid ongoing controversy over its use of its users private information, Facebook has been kicked out of an index tracking companies that abide behind socially responsible practices. S&P Dow Jones Indices announced Thursday that the social network no longer will be part of the S&P 500 ESG Index. The gauge follows companies that S&P says

Howard Marks, Co-Chairman, Oaktree Capital. David A. Grogan | CNBC Billionaire investor and Oaktree Capital Management Co-Chairman Howard Marks is worried to hear investors say “this time it’s different” or openly wonder if the historic bull market and economic success “can only get better forever.”  In a 12-page letter sent to Oaktree clients on Wednesday,

CNBC’s Jim Cramer on Wednesday said the biggest concern for Apple shareholders should be around what President Donald Trump does next in the U.S.-China trade war. “I actually think it’s more likely that President Trump hurts Apple more than” Chinese President Xi Jinping,  argued Cramer on “Squawk on the Street,” adding a next round of tariffs