Farfetch shares rise in early trading after revenue beats expectations

Farfetch Ltd. FTCH, +7.48% shares rose 1.2% in early Friday trading after reporting third-quarter sales that beat expectations. This is Farfetch’s first earnings announcement after going public. Farfetch is a luxury fashion marketplace. The company reported a loss of $77.3 million, or 30 cents per share, after a loss of $28.2 million, or 12 cents per share, last year. Revenue […]

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U.S. stocks end mostly lower after Fed leaves interest rates unchanged

Stocks ended mostly lower Thursday, with the S&P 500 SPX, -0.25% ending a three-day winging streak to close down 0.3% while the tech-dominated Nasdaq COMP, -0.53% finished 0.5% lower after back-to-back gains. The Dow Jones Industrial Average DJIA, +0.04% bucked the trend, closing up less than 0.1%. Losses extended later in the session after the Federal Reserve left interest rates […]

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Stocks historically have rallied 37% after midterm elections — will it happen again?

In my Oct. 26 MarketWatch column, I argued that a drop in the S&P 500 Index to 2,675-2,587 points would be followed by a rally toward 2,900. The chart below, published in the Oct. 28 Profit Radar Report, provides a visual projection of the S&P 500 SPX, -0.23% path described above. (Here’s the Oct. 26 MarketWatch column.) On Oct. 29, the […]

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$5 million to retire? ‘Radical savers’ shred trader for backing Suze Orman

Jared Dillian, strategist at Mauldin Economics and former head of ETF trading at Lehman Bros., made a lot of good points in his recent take regarding retirement planning entitled, “The ‘radical saving’ trend is based on fantasy.” But one thing he said really rattled Reddit’s “FIRE” board, where half a million subscribers gather to share their thoughts on the “financial […]

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The stock market is setting up for another rally, according to Elliott Wave theory

Even though we caught the S&P 500 Index’s rally from 1,800 to 2,940 points, once we moved through the 2,900 region, we strongly warned our subscribers that we were potentially approaching the top of wave 3 off the 2009 lows. The ramifications for completing wave 3 suggests that we will likely see a 30% correction, pointing down to around 2,200. […]

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SeaWorld earnings rise, revenue beat expectations

SeaWorld Entertainment Inc. SEAS, -1.57% reported third-quarter earnings that rose from a year ago and revenue that exceeded expectations, as new pricing strategies and marketing initiatives helped drive improved attendance. The stock was still inactive in premarket trade. Net income increased to $95.99 million, or $1.11 a share, from $55.03 million, or 64 cents a share, in the same period […]

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Trump invokes ‘Game of Thrones’ in tweet, HBO is not amused

President Donald Trump invoked “Game of Thrones” on Friday morning, tweeting an image of himself superimposed with the text “Sanctions are Coming, November 5.” The president was referring to his administration’s plan to reimpose all sanctions against Iran that had previously been lifted as part of the 2015 nuclear agreement. The Trump administration announced Friday the sanctions would go into […]

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Trump should be crowing about jobs, so why is he obsessed with immigration?

In an alternate universe, Donald Trump and the Republicans would be heading into the weekend before the midterm elections with glee. The Labor Department just reported that the economy remains strong, with very low unemployment and rising wages. In a world where the Republicans had a consistent, disciplined message, they’d be talking about nothing but the economy for the next […]

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