Shares of Abbott Laboratories jumped Wednesday after the diversified health-care company delivered strong first-quarter results and left its earnings guidance intact — a big sign of confidence in an uncertain time. Revenue in the three months ended March 31 rose 4% to $10.36 billion, narrowly missing the consensus of $10.4 …
You often hear the word “reset” when analysts come on television to describe what’s happening now. That’s genuine Wall Street gibberish and, as you know, I don’t like that language. I translate it on the spot. A reset really means something bad is happening that has caught us by surprise. …
President Donald Trump’s pause on sweeping global tariffs while keeping the pressure on China was good for a glorious, one-day rally last Wednesday. But, the next two sessions were divided — setting the stage for what could be more volatility this week as investors try to keep up with an …
Wells Fargo on Friday morning reported a mixed first quarter with misses across key revenue lines, offset by lower expenses and better provisions. While the economic outlook remains cloudy due to tariffs and trade wars, we’re willing to look through these results because of a key catalyst on the horizon. …
Software stocks have struggled this year, but cybersecurity is proving to be an exception. It’s a reflection that businesses — and, in our opinion, investors — cannot do without the services that cybersecurity companies provide, making these stocks a relative bright spot in a shaky market for tech. Through Monday’s close, a popular exchanged-traded fund …
A weaker environment for consumer spending is playing right into one of Costco ‘s biggest strengths: Kirkland Signature. A string of recent consumer and industry data shows that adoption of private label products has been accelerating, including at Costco, where its store brand is becoming a larger part of its …
Maybe it is worth waiting for stocks like Wynn Resorts , names so cheap that they can’t be explained. On Friday, I spent a considerable amount of time with Wynn CEO Craig Billings at his incredible hotel, the gem of the Las Vegas strip, talking about his business and its …
We know many of the shoppers who frequent TJX Companies ‘ off-price chains love treasure hunting. What entices them to keep coming back for all those discounted designer clothes and trendy home furnishings, however, is something less talked about and works even in tough economic times. According to UBS analyst …
My top 10 things to watch Monday, March 17 1. Nvidia’s annual GTC conference will dominate this week’s news. Nvidia’s stock has had big run-up into the event for AI developers. That’s normal, as is a rally after. The AI chip king, which we own for the Club, is expected …
Two years ago this month, we saw the ascendance of what would ultimately become the “Magnificent Seven.” I recall the moment well. I was down in Florida, trying to get a few days of sun with my wife, Lisa, and next thing I know I found myself buying makeup at Target …
