Author: FC

Investors need to think innovatively about tech

Tech is a no brainer for investors. But a simple investment theme for the sector is being badly executed. Investors are too narrow in their focus, chasing Nasdaq and FANG (Facebook, Amazon, Netflix and Google) stocks similar to how investors often play emerging markets in a simple fashion. Investor sentiment is cautious, except when it comes to tech stocks — even a scandal doesn’t hurt for l...

The ECB is set to begin the process of its easy money-exit

“We never pre-commit.” This was the rule broken last week by the European Central Bank’s Chief Economist Peter Praet, one of the more dovish members of the bank’s Governing Council, as he openly said it would start to discuss the gradual exit from of its quantitative easing (QE) program this week at its meeting in Riga, Latvia. What has changed? Recent headline inflation wa...

Yikes! Trade and Economic Policy Uncertainty

First, overall (news-based) economic policy uncertainty: Figure 1: Economic Policy Uncertainty index (blue), and centered seven day moving average (red). Source: policyuncertainty.com accessed 6/11, and author’s calculations. Second, how the trade policy component has jumped in the Trump era. Figure 2: Economic Policy Uncertainty index (blue), and trade policy categorical index (dark red), through...

PG&E shares sink 4 percent after Cal Fire faults utility for a dozen wildfires

Shares of PG&E fell more than 4 percent Monday after Cal Fire blamed the electric utility’s equipment for several major Northern California wildfires in October that resulted in fatalities and the loss of thousands of structures. It comes as there are discussions going on in the state legislature to create a disaster fund for investor-owned utilities that would increase the insurance lev...

IHOP’s name change is a gimmick to increase restaurant traffic: Analyst

IHOP changed its name to IHOb last week in a move that confused customers. While many loyal pancake lovers thought the “b” might mean “brunch” or “breakfast,” the restaurant chain announced on Monday that the “b” actually stands for “burgers.” “Changing the name, even if it’s a little bit gimmicky, does bring traffic and atten...

Cramer: I was wrong about Jack Dorsey—the Twitter and Square CEO ‘deserves a lot more credit’

It’s no secret that CNBC’s Jim Cramer has long thought that Jack Dorsey, the CEO of both Twitter and Square, needs to stop splitting his time between the two companies. The “Mad Money” host would go from questioning how Dorsey could run two companies at once to calling him a “part-time CEO,” arguing that he should focus on running one company, not two. “An...

Volcanic eruption hurt bookings, Hawaiian Airlines warns

A volcanic eruption in Hawaii will likely dent bookings and revenue in the second quarter, Hawaiian Airlines said. A powerful eruption at Hawaii’s Kilauea volcano started early last month, forcing evacuations of nearby residents. Hundreds of homes have been destroyed. Hawaiian said it expects second-quarter revenue for each seat it flies a mile, a key industry metric, will come in 0.5 percen...

Meet Me In Singapore

Well, “the most important week of the year” got off to a relatively quiet start, all things considered. Of course Trump was anything but “quiet”. Or actually, he was quiet during U.S. business hours but his Twitter account lit up late Sunday evening with still more attacks on Canada and Europe. The man who on Saturday proclaimed the world “tariff-free” was, by Sunday evening, insisting that hencef...

US Steel planning to add more than 800 jobs this year

David Burritt, president and CEO of U.S. Steel, told CNBC that his company plans to add approximately 800 new jobs this year at a plant in Illinois. That’s not including the additional jobs that will be created throughout the community as a result of the reopening of the facility. Burritt credited President Donald Trump tariffs as a “great first step” in making this happen. ̶...

After-hours buzz: RH, PLAY and more

Check out the companies making headlines after the bell: Shares of Restoration Hardware climbed more than 20 percent after the bell, after the luxury home furnishings company reported mixed first quarter earnings that beat analyst expectations, but missed on revenue. Restoration Hardware reported earnings per share of $1.33 on revenue of $557 million. Wall Street expected earnings of $1.02 on $563...

Comcast preparing to announce bid for Fox on Wednesday if AT&T-Time Warner is approved, sources say

Comcast will formalize its all-cash offer to acquire most of Twenty-First Century Fox on Wednesday if U.S. District Court Judge Richard Leon approves AT&T‘s deal for Time Warner on Tuesday, according to people familiar with matter. Comcast, which owns CNBC parent company NBCUniversal, has already publicly acknowledged its plans to compete with Disney on an acquisition of Fox assets, incl...

Cisco shares to soar on its subscription sales opportunity: JP Morgan

J.P. Morgan reiterates its overweight rating for Cisco shares.