The Buzz

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  • Why the Dow loves Tuesday

    The Dow Jones industrial average has posted gains every Tuesday for the past 20 weeks.

    That makes it the longest winning streak for any day of the week since 1900, according to Ryan Detrick, chief technical analyst at Schaeffer's Investment Research. The previous record was 13 (a three-way tie between Monday, Wednesday and Friday).

    The bulk of the Dow's (DJIA) gains this year were reached on Tuesdays. Detrick said the index has MORE

    - Jun 4, 2013 6:55 AM ET
  • Michael Kors banks on jet-set comeback

    Michael Kors is cashing in on a rebound in the luxury business as the jet-set starts to splurge again.

    The high-end retailer reported earnings that blew past expectations early Wednesday as sales of bespoke handbags and flashy watches bounce back.

    Shares of Michael Kors (KORS) rose about 3% in afternoon trading, despite a broad-selloff on Wall Street.

    While the company offered cautious guidance, investors on StockTwits were still impressed with how strong sales MORE

    - May 29, 2013 3:28 PM ET
  • Pepsi and Coke pass investors' taste test

    It's been a good week to be in the soda business.

    While the debate over whether Pepsi or Coke taste better will probably go on forever, there's no denying the beverage companies have fairly healthy balance sheets.

    PepsiCo and Coca-Cola both reported better-than-expected earnings this week, proving to investors that consumers still like their soda (or pop if you're from the Midwest) and snacks.

    Shares of PepsiCo (PEP) rallied 5% to a new MORE

    - Apr 18, 2013 1:15 PM ET
  • Wanna invest like Buffett? There's an app for that

    Who doesn't want to be a billionaire? A new app, aptly named iBillionaire, won't turn you into one. But it makes it easier for you to invest like one.

    iBillionaire, which launched Wednesday, tracks what Warren Buffett, Carl Icahn, Bill Ackman and other financial titans are buying and selling.

    Using SEC filings, the data are fed automatically into the app, though the iBillionaire team has a data analyst on staff MORE

    - Apr 10, 2013 11:23 AM ET
  • E*Trade takeover hopes fade after Citadel bails

    E*Trade shares sank Thursday after the online brokerage said one of its biggest investors would sell its stake.

    Chicago based hedge fund Citadel plans to sell more than 27 million E*Trade shares in a sale set to occur next week.

    That sent shares of E*Trade (ETFC) down 7.5% to $10.93 in afternoon trading.

    The news that Citadel was selling its 9% stake in E*Trade signaled to investors that the brokerage will not be MORE

    - Mar 14, 2013 3:35 PM ET
  • J.C. Penney's friend list grows by one

    J.C. Penney has few friends on Wall Street, but Thursday, the troubled retailer gained one more.

    BTIG analyst William Frohnhoefer issued a "buy" rating, making him one of the few analysts to recommend purchasing J.C. Penney's stock.

    Frohnhoefer also set a price target of $22 per share. That's more than 40% higher from where J.C. Penney's (JCP) stock is currently trading. Early Thursday, shares slid 1% to $15.53.

    The call is a rare MORE

    - Mar 14, 2013 11:44 AM ET
  • Apple: Wall Street's whipping boy takes another flogging

    It's been a rough week for Apple. And it's only Tuesday.

    Apple (AAPL) shares slid 1.4% to $431.82 in afternoon trading.

    The selling came after Jefferies analyst Peter Misek issued an unflattering report on Apple, adding to a string of negative research published on the company this week.

    Misek cut his estimate for iPhone sales, lowered his price target to $420 a share and said there is a 25% chance Apple will miss MORE

    - Mar 12, 2013 1:25 PM ET
  • Gap stock spikes after strong sales report

    Shares of Gap Inc. jumped after the apparel company reported healthy sales growth in February.

    Gap (GPS) stock was briefly halted after the numbers were inadvertently released ahead of schedule due to a "vendor error," according to a Gap spokesperson. Shares rose 3% after trading resumed.

    The report was set to be released after the market closed, but a transcript of a pre-recorded conference call detailing the sales growth was accidentally MORE

    - Mar 7, 2013 2:31 PM ET
  • The other great rotation: Google vs. Apple

    The great rotation in the technology sector continues.

    Google (GOOG) shares are trading at record highs above $800, while Apple (AAPL) continues to plumb new lows.

    Apple's fall from grace isn't directly related to Google's new-found darling status, but the trend is a significant turnabout.

    Once the most valuable company on earth, Apple's stock has fallen 42%, dropping from an all-time trading high of $705 in September to a new 52-week low of $419 on MORE

    Mar 5, 2013 12:48 PM ET
  • Home Depot cashes in on housing recovery

    Home Depot's stock rallied Tuesday, after the home improvement retailer reported strong results, boosted its dividend and announced plans to buy back shares.

    Shares of Home Depot (HD) gained 5.6% in afternoon trading.

    The nation's leading do-it-yourself home improvement retailer said sales rose 14% in the fourth quarter to $18.2 billion. That helped Home Depot report net earnings of $1 billion, or 68 cents per share, for the quarter.

    On top of that, MORE

    - Feb 26, 2013 2:25 PM ET
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