With a surgically repaired back keeping golf's biggest spectacle Tiger Woods off the links, the Nike
golf business he once put on that back is struggling.
Nike reported this week that sales at its golf business plunged 8% to $706 million for the fiscal year ended May 31.More | Talk | Read It Later | Share
Global growth could be under threat now that the U.K. has voted to leave the European Union, President Barack Obama has said.
More | Talk | Read It Later | ShareSearch Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
Tuesday was a relief rally, Jim Cramer told his Mad Money viewers Wednesday. Today's move, however, is a welcome change that is also likely permanent.More | Talk | Read It Later | Share
Constellation Brands
shares, at around $159, are on a momentum ride to the stars, up 12% so far this year and 37% over the past 52 weeks.
The Financial Stability Oversight Council, a panel of U.S. regulators, on Wednesday voted to rescind its "systemically important" designation on a unit of General Electric (GE) in a move that came after the conglomerate under the oversight of Jeffrey Immelt moved to divest over $160 billion in assets.More | Talk | Read It Later | Share
Defense contractors Lockheed Martin
and Northrop Grumman
did not experience major setbacks in reaction to Britain's decision to leave to European Union. The third major contractor, General Dynamics
, took a minor hit.More | Talk | Read It Later | Share
Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
The high-growth game never ends, Jim Cramer told his Mad Money viewers Tuesday. That's why after a nasty two-day selloff, investors couldn't resist the lure of FANG, Cramer's acronym for Facebook
, Amazon.com
, Netflix
and Alphabet
, formerly Google.More | Talk | Read It Later | Share
Shares of Apple
are up roughly 1% Tuesday after analysts at Cowen called the stock a buy.
While Apple is a holding in Jim Cramer's Action Alerts PLUS portfolio, there was something in the report the co-manager does not like: forecasts for an upcoming iPhone "super cycle."
"Don't believe the super cycle hype.More | Talk | Read It Later | Share
As you seek safe-haven stocks in the aftermath of the Brexit meltdown, consider the tech giants,
Facebook
and Google parent
Alphabet
. They have the size and high-demand services to withstand downturns.More | Talk | Read It Later | Share
Britain's decision to leave the European Union has sent stocks across the healthcare sector down broadly speaking alongside those in other industries, but some losses arguably aren't warranted, including those seen by health insurer Aetna
and contract research organization Icon
.
Green outweighed red among Asian stock leader boards on Thursday as Fitch Ratings underlined the region's relative insulation from the Brexit storm by stating it had no immediate ratings impact on Asia Pacific banks and sovereign debt.More | Talk | Read It Later | Share
U.S. operations of Deutsche Bank
and Santander
have again failed the Federal Reserve's stress test, leaving them unable to send cash back to their European parents and drawing a rebuke from regulators.More | Talk | Read It Later | Share
With all that's going on in the world from
Brexit to Zika, U.S. investors may want to consider keeping their money at home in multi-family real estate projects.
But not necessarily in publicly traded real estate investment trusts.More | Talk | Read It Later | Share
Last Thursday's Brexit referendum in which the U.K. electorate voted to leave the E.U. may take two years or more to come to fruition, but the entertainment industry could see some gradual effects in the near-term.More | Talk | Read It Later | Share
Toyota Motor
said it will recall a total 2.3 million vehicles installed with defective airbags and emission controls, adding to a slew of recalls by automakers and auto parts manufacturers worldwide.More | Talk | Read It Later | Share
Here's a look at noteworthy tech stories:
Twitter hires a VR/AR chief and gives businesses tools for managing their accounts
Not wanting to get left out as tech giants step over each other to unveil their virtual reality and augmented reality roadmaps, Twitter
has hired Alessandro Sabatelli, once an Apple user interface designer and later the CEO of VR/AR startup IXOMOXI, to be its director of VR and AR.
Australia drugmaker Mayne Pharma Group and privately held Prasco Laboratories have emerged as the latest winners in the Teva Pharmaceutical
-Allergan
generics divestiture process.
Adelaide, Australia -based Mayne said in a June 28 announcement that that it will pay $652 million in cash for 37 approved and five FDA-filed products from Teva and Allergan.More | Talk | Read It Later | Share
What are high-risk pools and how do they work?
You should care about high-risk pools, because they're the latest attempt at health care overhaul by Speaker of the House Paul Ryan (R-Wis.).More | Talk | Read It Later | Share
Like children of divorcing parents, markets today are happy that the U.K. and the EU are having a dialogue. At least they're talking. At least they can reach a compromise, is the hope.More | Talk | Read It Later | Share
Shares of Nike
have struggled so far this year and are down more than 15%. How is the company doing?
Hershey's
business may be looking too sweet to for one fellow food giant to ignore.
Shares of the iconic chocolate maker surged as much as 22% in early trading Thursday following a report by The Wall Street Journal that fellow candy giant Mondelez
has made a bid for the company.More | Talk | Read It Later | Share
Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
Here's what Jim Cramer had to say about some of the stocks during the Mad Money Lightning Round Wednesday evening:
Dominion Resources
: "I think you're fine.More | Talk | Read It Later | Share
In a challenge to Amazon.com
Prime, Walmart
said on Wednesday that it will offer a 30-day trial of ShippingPass, its two-day, unlimited shipping service.
"Starting today, we're offering a free 30-day trial of ShippingPass, which gives you unlimited two-day shipping," said Fernando Madeira, CEO of Walmart.com U.S., in a release.More | Talk | Read It Later | Share
Embattled Chipotle
is hoping that a new menu item will help lure back in customers that have been reluctant to return because of a high-profile E.Coli outbreak and other health issues at the fast-casual giant last year.
Moody's has downgraded its outlook for the U.K. banking sector to negative from stable due to the expected impact of the U.K.'s decision to leave the European Union.
The credit agency also downgraded their outlook for 12 U.K.More | Talk | Read It Later | Share
Online travel stocks caught a break on Tuesday, as shares recovered a sliver of their losses after concerns that the "Brexit" vote signalled a long, painful holiday for companies with exposure to the U.K.More | Talk | Read It Later | Share
Everyone thought that Under Armour's
first 3D-printed sneaker released in March was a glorified marketing tool.
Guess again, as the red-hot footwear and apparel maker is about to prove it could be a potentially lucrative business.More | Talk | Read It Later | Share
Stock futures pushed higher on Tuesday and were on track to snap Wall Street's two-day selloff driven by the Brexit shock.
S&P 500 futures were up 1.1%, Dow Jones Industrial Average futures rose 1.2%, and Nasdaq futures climbed 1.2%.More | Talk | Read It Later | Share
For most publicly-traded companies, there was never a good time for the Brexit vote. But for the large software companies that market to corporate IT departments, the referendum at the close of the second quarter came at a particularly inopportune moment.More | Talk | Read It Later | Share
The leaders of Germany, France and Italy on Monday insisted there will be no negotiations with Britain on its departure from the European Union until London has formally declared its intention to leave the 28 nation bloc.More | Talk | Read It Later | Share