The ‘Fast Money’ traders react to July Fed minutes. Source link
Author: usaeverydaylife
People walk by a Target store in midtown Manhattan in New York City, March 21, 2025.Kylie Cooper | ReutersWhen Target’s new CEO Michael Fiddelke steps into the role in early February, he will inherit a company facing slumping sales, faltering customer loyalty and skeptical investors.Its fiscal second-quarter results posted Wednesday illustrated the big-box retailer’s key challenges. Sales fell again from the year-ago period. Customer traffic declined. And shoppers spent less on average during their trips to Target’s website and stores than a year ago.Fiddelke, announced Wednesday as Target CEO Brian Cornell’s successor, will soon lead the retailer’s comeback efforts and…
Peter Shankman, an American, said he looked forward to free drinks when he flew business class for work.The entrepreneur would have a drink, then a few more, sleep, then land. All was well, he said.Until it wasn’t.”Eventually, I realized that I wasn’t fine,” he said. “I was tired, cranky … [it] wasn’t the way to live.”So, he said, he quit drinking — at first just on planes, then altogether.”I like myself better when I don’t drink,” Shankman said. “I get up earlier. I work out. I don’t eat like crap.”A single dad, Shankman said he’s now in the gym by…
The final trades of the day with the Fast Money traders. Source link
A trader works on the floor of the New York Stock Exchange on Aug. 4, 2022.Source: NYSEStock futures were little changed in overnight trading Wednesday following a four-day losing streak for the S&P 500 as tech names dragged the broader market lower.Futures on the Dow Jones Industrial Average were flat. S&P 500 futures and Nasdaq 100 futures also traded near the flatline.Big Tech names and chipmakers led losses again Wednesday as investors continued to rotate out of high-flying stocks. Amazon, Apple and Alphabet all registered losses of more than 1%. Broadcom dipped 1.3%, while Intel dropped 7%. At one point,…
Amer Sports is an underappreciated growth stock, according to UBS. UBS reiterated a buy rating on the Finnish sporting equipment stock on Wednesday, and raised its price target to $52 per share from $50. UBS’ forecast implies more than 45% upside from Tuesday’s $35.74 close. Amer Sports is the parent company of brands including Arc’teryx and Wilson. Analyst Jay Sole labeled Amer Sports as an “exceptional growth stock” thanks to what he said are promising opportunities tied to its Arc’teryx and Salomon brands. Both were standout components of the company’s recent quarterly results, he said, noting that the company’s better-than-expected…
(These are the market notes on today’s action by Mike Santoli, CNBC’s Senior Markets Commentator. See today’s video update from Mike above.) Another flurry of treacherous rotation roiled the tape, though by the closing hour the swirling currents were showing signs of slowing. The highest-momentum, most-expensive, most-crowded stocks — the sort that drove the Nasdaq-100 up 40% and the S & P 500 High Beta ETF (SPHB) up 60% over four months – remained under pressure, peaking at midmorning. While largely mechanical and tactical, the action coincides with a moment of broad reconsideration of the trajectory of the AI-investment theme…
Walmart is slated to report second-quarter earnings before the opening bell on Thursday, and several analysts are optimistic about the retailer heading into the print, even after the stock’s outperformance since the start of the year. Analysts surveyed by LSEG expect Walmart’s earnings per share to rise more than 10% compared to the same period a year ago. Revenue is estimated to expand 4% versus last year. Analysts will watch for any insights into how President Donald Trump’s tariffs have affected the country’s largest retailer over the past three months. Walmart Chief Financial Officer John David Rainey in May said…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, bitcoin’s losses slow while ether rebounds. Plus, Fed Governor Christopher Waller tells Wyoming Blockchain Symposium attendees that the central bank should embrace innovation like blockchain technology. And, Nelli Zaltsman, head of platform settlement solutions at Kinexys by JPMorgan, discusses the blockchain projects the bank is prioritizing. Source link
Portrait of American financier Jeffrey Epstein, left, and Donald Trump as they pose together at the Mar-a-Lago estate in Palm Beach, Florida, in 1997.Davidoff Studios Photography | Archive Photos | Getty ImagesA federal judge on Wednesday refused to unseal grand jury materials in Jeffrey Epstein’s criminal case, while slamming the Trump administration’s request for those records as a “diversion” from the mountain of files on the notorious sex offender that the government has already compiled.”A significant and compelling reason to reject” the request “is that the government has already undertaken a comprehensive investigation into the Epstein case and, not surprisingly,…
