CNBC's Tyler Mathisen looks back at the week's top business and financial stories, including Alibaba's historic IPO, and the extent of Home Depot's credit breach.» Read More
The Nasdaq hit a six-year high Wednesday, as the Dow Jones Industrial Average zoomed past 13,000. How should investors play these dizzying heights? David Scott, senior vice president and senior portfolio manager for Chase Investment Counsel, and John Praveen, chief investment strategist at Prudential International Investment Advisers, advised "Street Signs" viewers where to put their money.
French luxury group LVMH reported faster-than-expected first-quarter sales growth, helped by surging demand for high-end watches, and reaffirmed its full year guidance. The maker of Dior perfume, Fendi shoes and Veuve Clicquot champagne said on Wednesday sales in the three months to March 31 rose to 3.804 billion euros ($5.16 billion) from 3.555 billion in the same period a year earlier.
Posh accessory-maker Coach announced it would close its coporate accounts business -- and its stock dropped more than 5%. So why is Chief Executive Lew Frankfort "more optimistic than ever"? The CEO explained his rosy outlook to "Closing Bell" viewers.
CNBC’s Jim Cramer, who has long urged investors to buy Target and forget Wal-Mart, reversed his position on both stocks. “I think the risk-reward has changed dramatically here,” Cramer said during an appearance on "Squawk on the Street."
Here's a look at the latest contest stock action. Mergers and acquisitions played a strong part in the best performers (MedImmune, Baush & Lomb) as well as earnings figures (Angiodynamics). A couple of newer names showed up in the most active list (Ligand and Angiotech) while the widely held stocks stayed the same.
Hey folks. Here's a bit of an update on Vitaliy Khizder. Some of you were adding up the percentage he gained by the trades listed during the week he won. And that wasn't adding up the the 93.25%. So--to be clear, the percentage is based off the % change in the dollar value of his portfolio starting after the close on Friday 4/13 and ending after the close on Friday, 4/20 and that % change calc adds up to the 93.25%:
Hey there. Here's guest blogger Timothy Sykes is back with his contest picks for the week. As he says, these are his early week picks--and will have more on Wednesday. Here he is: I don’t know about anybody else, but I look forward to Mondays. This will all change over the next few years when trading becomes 24/7, but for now Mondays are my favorite day of the week.
So, how did Vitaliy become a weekly winner, you ask? Well, he started the week with a portfolio value of $1,605,717.10 as of the close on Friday, April 13th, and ended the week on Friday, April 20th with a portfolio value of $3,107,399.87 making him 93.52% for the week.
J.C. Penney is moving forward with a new ambitious plan for growth, despite market-wide concerns over weakening consumer spending and a slowdown in the housing market, CEO Myron Ullman told Erin Burnett on “Street Signs.” “The middle third of the economy essentially is our customer," Ullman said. "She’s employed, she’s finding what she likes and we have a very great style, quality, a smart price. We feel good about the spring season...Our biggest category is our apparel so we feel very good about the prospects going forward.”
Revlon keeps appearing on the most active and widely held lists of the contest. Here's a bit of a breakdown on the stock. What is Revlon? "Revlon, Inc. conducts its business through its direct wholly owned operating subsidiary, Revlon Consumer Products Corporation and its subsidiaries (Products Corporation), which manufactures, markets and sells an array
Champion poker player Chris Moneymaker widens his lead in first place to more than $150K with the sale of Adtran which was up 6.16% Tuesday--as actor Willie Garson lost over $20k on Seagate Technology--which was down 1.73% Tuesday. And actor Stephen Collins decided to take time off from his acting career--to make more buys and sells than everyone on Wall Street (I'm making this last sentence up--but as you will see, it's not that far off!).
In case you missed it, here's a video portion of Friday night's "How To Win" program on the million dollar portfolio challenge. The show got right to the picks from the analysts, so I will do the same. Notice a bit of a theme--earnings reports coming out this week. Also, there are a couple of "bigger" names like Google and McDonald's to chose from.
U.S. retail sales rose a slightly more-than-expected 0.7% in March in part on higher gasoline prices, a Commerce Department report on Monday showed.
Americans will spend more than $40 billion this year keeping their pets healthy and happy. As the Westminster Kennel Club Dog Show crowns a champion in New York Tuesday, the pet industry is bigger than ever. And companies from Target to Colgate-Palmolive are looking to profit by getting their paws in the business.
Folks--here's a sector breakdown from our crack analystical team on what's happening with the stocks you contestants are buying. And there's been a "sea change" for sure. The analyses run through 3/28, found that over 50% of the leaders' trades occurred in retail and technology. But the current analysis--run from 3/29 - 4/10, shows that the contest leaders are now much more diversified with the top group only comprising 8.07%.
Hey folks. Here's a look at the contest stocks making "news." The best performing stocks seemed to gain steam from takover news. Worst performers lost on earnings. The most actives remain mostly the same--except for the appearance of Charter Comm. Again, "Mad Money's Jim Cramer seems to have had an affect there. Take a look:
A Kohlberg Kravis Roberts-led consortium pursuing Australian retailer Coles Group is considering partnering with a listed company in its bid, which could make the offer more tax efficient for Coles shareholders.
Hey everyone. Here's a recap of today from the leaderboard, to the most active and widely held stocks and the trivia questions. Also--don't forget to send in your emails for tomorrow (Friday) night's "How To Win" contest show. Have your questions read on the air and get the answers you need. Send them to firstname.lastname@example.org. The video here is from the "Power Lunch" crew. "How to Win" airs tomorrow night at 7 PM EST ONLY on CNBC-TV.
An early Easter and strong demand for clothing boosted U.S. retail sales in March, but rising gasoline prices and a soft housing market cast doubts about spending in coming months, according to data published by SpendingPulse.
Here's our look at stock performance from the most recent contest trading sessions. Stock upgrades and same sales reports, as well as earnings numbers had an affect. "Mad Money's" Jim Cramer seemed to have had an impact as well, on one of the most actives-- as you can see. Familiar names still dominate most active and widely held stocks.