Grocery investors are well aware of the overnight impact that Amazon.com, Inc. AMZN 2.48% made in the market when it announced a buyout of Whole Foods Market, Inc. WFM 0.1% back in June. However, Amazon’s intrusion into the food business has been weighing on the food industry for much longer than a few weeks.
Stop me if you’ve heard this one before.
Big bank earnings season is officially in the books, and it didn’t quite unfold the way bank investors had hoped. Despite mixed numbers from most big banks, trading revenue slumped in the second quarter and dovish commentary from Federal Reserve chair Janet Yellen suggests rising rates may not provide banks with as much net interest margin…
Visa Inc V 0.42% shares are up 1.8 percent on a weak market day Friday after the company reported encouraging earnings and revenue numbers in its fiscal third quarter. The company also maintained its aggressive capital return program, which gave back more than 100 percent of Visa’s total income to shareholders on the quarter.
Bill Ackman may not be bothered by Chipotle Mexican Grill, Inc. CMG 0.19%’s latest wave of negative food safety headlines, but other Chipotle customers may not be as quick to forgive. This week reports that Chipotle shut down one Virginia restaurant after customers became ill and an online viral video of rats inside another Chipotle restaurant in…
Nearly a decade after big U.S. banks were deemed “too big to fail” during the financial crisis, banks like Wells Fargo & Co WFC 2.58%are now bigger than ever. In fact, Berenberg analyst James Chappellnow believes Wells Fargo has grown too big to succeed and has downgraded the stock from Hold to Sell.
Less than a month after Deutsche Bank upgraded RH RH 2.28% to Buy, the firm has downgraded the stock back to Hold. But while Deutsche Bank’s quick reversal may seem like a flip-flop, analyst Adam Sindler said on Friday that the stock’s outperformance forced the firm’s hand.
More mainstream investors are getting bullish on volatile digital currencies bitcoin and Ethereum. This week, investing icon Bill Miller and Ritholtz Wealth Management CEO Josh Brown both revealed they have made small investments in bitcoin.
With Hasbro, Inc. HAS 0.84% earnings due out on July 24, D.A. Davidson analyst Linda Weiser recently previewed what she sees as a strong quarter ahead from Hasbro. Shareholders should expect the company to deliver Q2 sales and earnings beats, Weiser said.
Johnson & Johnson JNJ 0.78% shares are up about 20 percent since the company acquired Actelion back in January. However, despite the strong performance, Credit Suisse analyst Vamil Divansees more upside ahead for the pharma giant.