Month: August 2018

Every investor makes mistakes, even the Oracle of Omaha, Warren Buffett. That’s the investing wisdom Michael Batnick wants to impart. Batnick, director of research at Ritholtz Wealth Management and author of “Big Mistakes: The Best Investors and Their Worst Investments,” has pinpointed three of the most prevalent and perilous mistakes every investor has made. One
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The administration’s interest in allowing investors to factor in inflation when calculating their capital gains tax liability is mounting. On Thursday, President Donald Trump said he’s thinking “very strongly” about doing so. That comes after Treasury Secretary Steven Mnuchin announced earlier this month that he was considering a proposal on it, as well. Don’t brace
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Bank of America Merrill Lynch is getting worried about the video gaming industry’s holiday selling season. The firm lowered its rating for both Electronic Arts and Activision Blizzard shares to neutral from buy, citing the crowded holiday slate and competition from “Fortnite.” On Thursday, EA shares fell nearly 10 percent after the company delayed its
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Shares of Big Lots plunged in premarket trading Friday after the discount retailer reported second-quarter earnings that fell short of Wall Street expectations. The company’s stock dropped more than 10 percent before the opening bell, set to add to its 14.7 percent decline so far this year. The Columbus, Ohio-based company reported quarterly net income
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Check out the companies making headlines before the bell: Coca-Cola – Coca-Cola struck a deal buy Costa, the world’s second-largest coffee chain, from Britain’s Whitbread for $5.1 billion, including assumed debt. Costa has nearly 4,000 locations across a variety of international markets. Lululemon – Lululemon reported second-quarter profit of 71 cents per share, well above
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Check out the companies making headlines after the bell: American Outdoor Brands shares skyrocketed 20 percent in the extended session after a first-quarter earnings beat. The Smith & Wesson parent company earned 21 cents per share for the quarter, up 9 cents from Wall Street’s expectations of 12 cents per share. It also beat estimates
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If the World Trade Organization doesn’t “shape up,” President Donald Trump told Bloomberg he would pull the United States out. In a Thursday interview with Bloomberg, Trump again criticized the international trading group’s treatment of the United States. He told Bloomberg, “If they don’t shape up, I would withdraw from the WTO.” The president’s comments
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Shares of Lululemon Athletica jumped more than 7 percent in after-hours trading Thursday after the athletic apparel retailer reported second-quarter earnings and sales that topped analysts’ expectations, boosted by e-commerce sales growth of nearly 50 percent. The company also raised its profit and sales outlook for the full year. This earnings report is the first
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Shares of American Outdoor Brands jumped more than 12 percent after the bell on Thursday after the company reported second quarter earnings that beat Wall Street analysts’ expectations. Here’s how the company did compared with Thomson Reuters consensus estimates: Earnings per share: 21 cents vs. 12 cents expected Revenue: $138.8 million vs. $134.5 million expected
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Sure, those pugs on Instagram are cute. But they’re expensive, too. Most people estimate that owning a dog costs between $26 and $75 a month, according to pet sitting app Rover, which surveyed some 1,500 U.S. adults in July. The reality? More like $150. “When most people get a dog, they think of basic expenses,”
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