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Archive US: Trading

  • SAN FRANCISCO, Nov 17- Salesforce.com Inc on Thursday forecast current-quarter revenue above analysts' estimates as it closed deals for its cloud-based sales and marketing software with a number of major customers, sending its shares 5 percent higher in extended trade. The San Francisco- based company has consistently reported double-digit growth in...

  • The San Francisco- based company has consistently reported double-digit growth in recent quarters as companies shift to cheaper and easier cloud-based products, but it is facing growing competition from Oracle Corp and Microsoft Corp. "Our checks indicate that Salesforce still has a number of very good secular growth drivers, including selling some of...

  • NEW YORK, Nov 17- The benchmark S&P 500 index rose to within a hair of its record high on Thursday as bank stocks got a boost from bets on higher interest rates and consumer discretionary stocks were helped by economic data and earnings. Federal Reserve Chair Janet Yellen, in her congressional testimony, solidified bets that the central bank was on track to raise...

  • NEW YORK, Nov 17- The U.S. dollar climbed to a 13-1/ 2- year high and global stock indexes rose on Thursday after comments by U.S. Federal Reserve Chair Janet Yellen bolstered the case for raising interest rates next month. Yellen, who testified on the economic outlook before the congressional Joint Economic Committee, indicated little had changed following the...

  • Goldman: Big moves are ahead for retail socks

    Goldman Sachs’ options research team suggests buying options on retail stocks ahead of the holiday shopping season. Is this a smart trade? Dennis Davitt of Harvest Volatility Management and Jonathan Krinsky of MKM Partners discuss with Eric Chemi.

  • NEW YORK, Nov 17- The benchmark S&P 500 index rose and was near its record high on Thursday as bank stocks got a boost on bets that the U.S. Federal Reserve was on track to raise interest rates in December following comments by Chair Janet Yellen. Banks, which would benefit from higher rates, rose, and Yellen's vow to stay in her job for the duration of her current term...

  • CHICAGO, Nov 16- Target Corp on Wednesday reported a much higher-than-expected quarterly profit after benefiting from a strong back-to-school shopping season and increased online sales, and it gave an optimistic outlook for the all-important holiday period. The Minneapolis- based retailer's shares, which had fallen nearly 2 percent so far this year, rose...

  • NEW YORK, Nov 16- The U.S. dollar index touched a near 14- year high on Wednesday, while oil prices fell in a volatile session as traders were caught between a build in U.S. stockpiles and the chance of an agreement on an output cut. On Wall Street, declines in bank stocks more than offset gains in the technology sector. They're looking for names that haven't rallied as...

  • Is the market getting the Fed wrong… again?

    After years of thinking the Fed would be more hawkish than it turned out to be, are investors now making the opposite mistake? Craig Johnson of Piper Jaffray and Eddy Elfenbein of the Crossing Wall Street blog discuss with Eric Chemi.

  • The stocks that are soaring after Trump’s win

    Industrial metals stocks are ripping higher after Donald Trump’s victory. Are more gains ahead? Craig Johnson of Piper Jaffray and Eddy Elfenbein of the Crossing Wall Street blog discuss with Eric Chemi.

  • *Financials, top gainers in recent rally, lead decliners. New York- Nov 16- The S&P and the Dow fell on Wednesday as financial stocks ended their seven-day rally, but gains in technology shares kept the Nasdaq in positive territory as investors continued to prepare their portfolios for a Donald Trump presidency. "You've got a little bit of a hangover from the Trump...

  • Trader bets against the market

    Andrew Keene of AlphaShark thinks the market is going to sell off, so he's looking to play SPY long-term.

  • NEW YORK, Nov 16- U.S. homeowners and potential buyers are feeling the sting from the global bond market sell-off stemming from Donald Trump's stunning U.S. presidential victory as mortgage rates posted their biggest weekly rise in 3-1/ 2 years. A measure of U.S. mortgage application activity fell to a 10- month low as 30- year mortgage rates jumped to their...

  • NEW YORK, Nov 16- The U.S. dollar index dipped after hitting a near 14- year high on Wednesday while oil prices swung in a volatile session as traders were caught between a build in U.S. stockpiles and the chance of an output cut. Declines in bank stocks more than offset gains in the technology sector on Wall Street. "We had a pretty sharp rally off the election and it was...

  • CHICAGO, Nov 16- Target Corp on Wednesday reported a much higher-than-expected quarterly profit after benefiting from a strong back-to-school shopping season and increased online sales, and it gave an optimistic outlook for the all-important holiday period. The Minneapolis- based retailer's shares, which had been down nearly 2 percent year to date, rose 7.7...

  • CHICAGO, Nov 16- Target Corp on Wednesday reported a higher-than-expected quarterly profit and raised its fiscal-year forecast after benefiting from a strong back-to-school shopping season and higher online sales. The Minneapolis- based retailer's shares, which had been down nearly 2 percent year to date, rose 8.1 percent to $77.22 in morning trading.

  • *Financial, rally's top gainers, lead declines. Nov 16- Wall Street opened lower on Wednesday- a day after the Dow closed higher for the seventh day in a row following Donald Trump's election win- as investors brace for higher interest rates. The Fed will hike rates in December barring any major shocks, policymaker James Bullard said.

  • *Dollar index rises to 14- year high. Nov 16- Wall Street looked set to take a breather on Wednesday, a day after the Dow closed higher for the seventh day in a row following Donald Trump's election win. "We had a pretty sharp rally off the election and it was pretty impressive, but it seems pretty clear to me that sort of emotional reaction, if you will, is now long off," said...

  • The Minneapolis- based retailer's shares were up more than 9 percent at $78.20 in premarket trading and are set to open at about a six-month high. Target expects fiscal-year earnings of $5.10 to $5.30 per share, excluding special items, up from a prior outlook of $4.80 to $5.20. Net income attributable to Target rose to $608 million, or $1.06 per share, in the third...

  • CHICAGO, Nov 16- Target Corp on Wednesday reported a nearly 11 percent increase in quarterly earnings and raised its fiscal-year forecast after benefiting from a strong back-to-school shopping season, and its shares rose more than 6 percent. Target said it now expected fiscal-year earnings of $5.10 to $5.30 per share, excluding special items, up from a prior...