CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
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If the S&P 500 climbs another 4%, it will have doubled the peak reached in the previous bull market, Michael Santoli notes.Trading Nationread more
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Netflix reports earnings Wednesday as it loses licensed shows to rivals launching their own streaming services.Technologyread more
Hedge fund manager Kyle Bass reportedly thinks that U.S. interest rates will plummet toward zero in 2020 as the economy heads for recession.Hedge Fundsread more
Shares of beauty and wellness products company Nu Skin tanked on Wednesday after the company said China's crackdown on health products is weighing on sales.Investingread more
Buying stocks when they are this expensive has historically led to lower returns, data compiled by Ned Davis Research shows.Marketsread more
Investors should buy shares of Deckers Brands on the prospect of stronger sales due to better weather conditions this holiday season, according to Telsey Advisory Group, which raised its rating on the company to outperform from market perform.
Deckers owns UGG, Teva and other apparel brands. The company's shares are up more than 40 percent this year.
"UGG [is] still one of the most weather-sensitive/seasonal brands in our space ... and it doesn't seem like weather will be as bad as last year," analyst Kelly Chen wrote in a note to clients Monday.
"And while we are not meteorologists and not making the call that 'winter is coming,' our belief is that the weather should not be as unfavorable as it was last year because we do not have El Nino to contend with this year."