For quite some time these two stocks seemed like they couldn’t lose. But then times changed.» Read More
U.S. stocks rose on Monday, with the S&P 500 rebounding from its biggest weekly drop since 2012.
Some of Monday's midday movers:
*Berkshire Hathaway shares up after results. NEW YORK, Aug 4- U.S. stocks were little changed in volatile trading Monday as earnings, including those of Warren Buffett's Berkshire Hathaway, were partly offset by drops in high-yielding dividend stocks in the utilities sector.
*Berkshire Hathaway shares up after results. *Michael Kors shares reverse premarket move, fall 5.5 pct. NEW YORK, Aug 4- U.S. stocks rose in morning trading on Monday, lifted by earnings including those of Warren Buffett's Berkshire Hathaway, with gains partly offset by drops in high-yielding dividend stocks in the utilities sector.
Aug 4- Michael Kors Holdings Ltd, known for its trendy handbags and watches, said it expects margins to shrink for the year as it invests more to open stores in Europe and increases the number of shops it has in department stores. Michael Kors' shares fell more than 7 percent in early trading.
Over the next 25 years, as technology increasingly revolutionizes retail online and in stores, leaders will have to adjust their skills.
*Berkshire Hathaway shares up after results. *Diamond Offshore weighs on Loews earnings. *Portugal will spend 4.9 billion euros to rescue Banco Espirito Santo, its largest listed lender, testing the euro zone's resilience to another banking crisis just months after Lisbon exited an international bailout.
LONDON- Europe's largest bank HSBC warns that regulators' zeal to punish wrongdoing is putting its staff off taking reasonable business risks, as it reports a 12 percent drop in first-half profit. Portugal in $6.6 bln rescue of Banco Espirito Santo.
U.S. stock index futures take their lead from Europe and show signs of recovery following last week's global stock market rout.
Michael Kors raised its full-year revenue and profit outlook after the retailer beat earnings and revenue estimates.
*Michael Kors shares rise as revenue soars. *Diamond Offshore weighs on Loews earnings. *Portugal will spend 4.9 billion euros to rescue Banco Espirito Santo, its largest listed lender, testing the euro zone's resilience to another banking crisis just months after Lisbon exited an international bailout.
Aug 4- Michael Kors Holdings Ltd reported another quarter of blistering sales growth as demand for its handbags and watches surged in North America. Shares of the company, founded by fashion designer Michael Kors, were up 3.4 percent premarket on Monday after the company also raised its full-year revenue and profit outlook.
Some of the names on the move ahead of the open.
Aug 4- Michael Kors Holdings Ltd reported a 43 percent rise in quarterly revenue, helped by higher sales of handbags and watches in North America, sending its shares up 12 percent in premarket trading. The company's net income rose to $187.7 million, or 91 cents per share, in the first quarter ended June 28, from $124.9 million, or 61 cents per share, a year earlier.
The tug of war between better economic news and the potential for rising interest rates could continue to simmer in the week ahead, keeping stocks volatile.
Just as the Great Depression shaped the spending habits of Americans who grew up during that era, experts predict millennials will be driven by deals.
Some of Wednesday's midday movers:
Fashion house Michael Kors has a lot of fans out there. One that would have a tough time getting by without it: watchmaker Fossil Group.
Thirteen stocks in the S&P 500 are targeting 60 percent rises in stock prices...but is it too ambitious? USAToday reports.
Analysts are concerned the label has reached its saturation point in North America on high inventories.