Hewlett Packard Enterprise Co HPE 0.52% shares are up 2.14 percent after the company reported Q4 revenue of $12.5 billion on EPS of $0.61. The revenue number fell short of Wall Street’s $12.85 estimate, but EPS was a slight beat versus expectations of $0.60.
The stock market has been on quite a run since Donald Trump was elected on November 8. However, while the SPDR S&P 500 ETF TrustSPY 0.47% has risen 2.7 percent since Election Day, the tech sector has lagged.
With the Thanksgiving holiday a day away, investors are approaching one of the best seasonal trading opportunities in recent decades. On Monday, the NYSE tweeted the following fact:
The holiday season can be an exciting and fulfilling time of year for people to disrupt their standard routines and spend time reflecting with family and friends. Unfortunately, for many Americans, the holiday season is instead be filled with stress, anxiety and depression.
The historic short squeeze that recently sent DryShips Inc. DRYS 9.67% shares soaring from under $4 to over $100 and then back below $8 in a matter of days certainly captured the attention of the market. Many traders are now on the hunt for the next major short squeeze stock.
In a new piece for the Wall Street Journal, legendary activist investor and Icahn Enterprises LP IEP 3.38% CEO Carl Icahn discussed the rampant “manipulation, speculation, and fraud” going on within the U.S. oil refining industry. Icahn claims that the 2005 Renewable Fuels Standard legislation has created an unintended financial market in Renewable Identification Numbers…
Tesla Motors Inc TSLA 0.27% shares are down 5.1 percent since Election Day as the market weighs what could be an unpredictable Trump presidency for alternative energy stocks. However, according to Global Equities Research analyst Trip Chowdhry, Donald Trump is actually the perfect U.S. president for Tesla.
Tyson Foods, Inc. TSN 2.2% shares are plummeting 13.8 percent on Monday following disappointing Q4 earnings guidance from the company and the surprise departure of CEO Donnie Smith. The downward revision to guidance is particularly surprising considering that Tyson had previously raised its 2016 guidance twice this year.
A pair of market experts recently joined PreMarket Prep to share some favorite trading ideas. Ron Bienvenu is a managing member of Spear Point Capital Management LLC and an activist investor.
After one of the most violent and memorable short squeezes in recent memory sent DryShips Inc. DRYS 9.67% shares soaring from as low as $3.84 to as high as $102.00 in a matter of days, the stock has now crashed back down to earth at around $10.