Cramer: The Delta Will Weigh on Disney Shares
Cramer: The Delta Will Weigh on Disney Shares By Jim Cramer | Aug 10, 2016 | 7:47 AM EDT Will this Disney (DIS) quarter be the one that will be remembered for hitting the dreaded "delta?" I am talking about the fourth letter of the Greek alphabet, which stands for change of any changeable commodity and it's a curse word when it comes to the analysts who cover Disney. This is because of the negative rate of change of the fortunes of the honey pot ESPN, and it wa..>> view originalWhat to know if you're flying Delta on Wednesday
Delta passengers stand in line in Salt Lake City as the carrier slogged through day two of its recovery from a global computer outage on Tuesday, Aug. 9, 2016. (Photo: Rick Bowmer, AP)Delta's flight schedule still hasn’t recovered since it was thrown into disarray Monday, when an outage took the airline's computer systems offline for several hours.Delta is again cancelling hundreds of additional flights Wednesday, the third day in a row the airline has been hit with a significant schedule disrup..>> view originalStocks slip as energy, health care lag; oil falls
"Stretched valuations have made it difficult for value managers to put money to work. The economic data remains mixed as evidenced by yesterday's lousy Productivity report," Jeremy Klein, chief market strategist at FBN Securities, said in a Wednesday note to clients. That said, the S&P and the Nasdaq notched all-time intraday highs Tuesday. "The bulls have had their way with the bears after the broader indices bottomed in the immediate aftermath of United Kingdom's referendum pertainin..>> view originalOnline car seller Carvana secures $160M funding round
Russ Wiles, The Arizona Republic 6:02 a.m. EDT August 10, 2016Phoenix-based online auto retailer Carvana operates this vehicle "vending machine" in Nashville.(Photo: Carvana)PHOENIX -- Get ready for some more car vending machines.Carvana, a Phoenix-based online vehicle retailer that has opened two automated vehicle dispensers, has announced another round of venture-capital financing that should help keep it in the fast lane.The privately-owned company says it plans to use the funds..>> view originalOrbital ATK shares plunge on restatement announcement
File photo taken in 2016 shows the moon rising before the final qualification motor test for the Space Launch System's booster at Orbital ATK Propulsion Systems test facilities in Promontory, Utah.(Photo: Bill Ingalls/NASA, Getty Images)Orbital ATK (OA) stock plunged Wednesday after the U.S. aerospace contractor disclosed it would miss its second-quarter filing deadline due to an accounting issue.Shares of the Virginia-based company were down more than 18.8% at $72.07 in morning trading.Orbital ..>> view originalHikes In Employees' Health Premiums To Outpace Raises Again
Large employers expect health costs to continue rising by about 6 percent in 2017, a moderate increase compared with historical trends that nevertheless far outpaces growth in the economy, two new surveys show. "These cost increases, while stable, are both unsustainable and unacceptable," said Brian Marcotte, CEO of the National Business Group on Health, a coalition of very large employers that got responses from 133 companies. Employers are changing tactics to address the cost trend, slowing t..>> view originalOpenings, Hiring Skewed Toward Low-Paying Jobs, Says JOLTS Report
Labor data continued to come up roses in June, as the number of vacancies in the U.S. workforce sat near an all-time high at 5.6 million and new hires hit their highest mark since March at 5.1 million, according to a report published Wednesday by the Bureau of Labor Statistics. Job openings have been elevated throughout 2016 as employers are hunting for qualified employees in a labor market that's creeping ever closer to full employment. Health care and social assistance vacancies eclipsed 1..>> view originalChanges at Ralph Lauren Come at Cost Investors Are OK With
NEW YORK — Ralph Lauren swung to a first-quarter loss as it spends heavily to turn itself around, but the damage was not as bad as many had expected and its shares rose faster than any other Wednesday on the Standard & Poor's 500.Just months after taking over as CEO for founder Ralph Lauren late last year, Stefan Larsson initiated significant changes. He is the first person other than Lauren to hold the title.In addition to slashing costs to right the company's balance sheet, Larsson tightene..>> view originalMichael Kors is fed up with department stores damaging its brand
Also hurting Kors during the quarter was a slowdown in travelers visiting the United States, with sales in tourist-dependent cities including New York getting hit particularly hard. Shoppers' preference for smaller handbags, which carry a lower price tag, once again weighed on the company's sales. Still, management maintained its full-year guidance for revenue and earnings per share, saying it expects growth in its men's, digital and international businesses to offset the decline at departmen..>> view originalSunPower 'Guidance Bomb' Leaves Crater Among Solar Companies
SunPower Corp. dropped a “guidance bomb” that’s dragging down shares of solar manufacturers.The second-largest U.S. panel producer told analysts Tuesday night that it expects to lose as much as $175 million this year, a shift from May when it expected to earn as much as $50 million. The shares plunged the most in more than seven years.SunPower said demand for utility-scale solar projects is slowing, while competition in the panel market is dragging down prices. While its 2016 revenue forecast i..>> view original
Friday, August 12, 2016
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