The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Check out the companies making headlines midday Thursday:
RH — The furniture store company surged 15.8% after reporting quarterly numbers that exceeded expectations and hiked its full-year outlook. RH, formerly known as Restoration Hardware, reported earnings per share of $1.85 on revenue of $598 million. Analysts polled by Refinitiv expected a profit of $1.55 per share on sales of $584 million. The company also expects full-year earnings to range between $8.76 per share and $9.27. That's up from a prior range of $8.05 to $8.69 per share.
Red Robin Gourmet Burgers — Red Robin shares surged 31.5% as Vintage Capital, an activist investor and a shareholder in the company, expressed interest in taking the company private with a $40 per share bid.
Callaway Golf — The golf club maker's stock surged more than 14% after activist Jana Partners revealed a 9.2% stake in the company. The position makes Jana the second-largest shareholder Callaway.
Disney — The media giant rose 4.4% after a Morgan Stanley analyst hiked his price target on the stock to $160 per share from $135. The analyst said Disney's streaming service, Disney+, could boost the company's bottom line by $11 per share over the next five years.
Oxford Industries — Shares of the high-end clothing company jumped 8.4% on the back of better-than-expected first-quarter results. Oxford reported earnings per share of $1.30. Analysts polled by Refinitiv expected a profit of $1.21 per share. The company also said it "continues to mitigate risks from potential tariff increases."
American Airlines — American Airlines shares climbed 6.4% after J.P. Morgan highlighted rising domestic fares. "We are confident that knowledge of increased domestic fare resilience is not yet priced into the market," the analyst said.
Hess, Phillips 66, Schlumberger — Energy shares rose alongside oil prices after two explosions on oil tankers in the Gulf of Oman. Hess and Phillips 66 both gained more than 2% while Schlumberger rose 3.4%.
Lululemon Athletica — Shares of Lululemon rose 2.2% and reached a record high after its first-quarter earnings outpaced expectations. The apparel maker posted earnings per share of 74 cents, topping a Refinitiv estimate 70 cents. The company's revenue topped analyst estimates. Lululemon also hiked its full-year earnings and revenue guidance.
Williams-Sonoma — Shares rose 4.8% after an analyst at Gordon Haskett upgraded Williams-Sonoma to accumulate from hold, noting the company's strong same-store sales in the first quarter were not a "fluke."