TheStreet Live

TheStreet Live

By JIm Cramer and TheStreet StaffBusiness
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TheStreet Live episodes

  • Stocks Slip as Oil Prices Rise; Cyber Monday in Focus
    U.S. stocks moved lower Monday even as oil prices rose 2.5%. Reports surfaced that Iraq was willing to cooperate with OPEC as the cartel attempts to reach an agreement to cut production. But Saudi Arabia's oil minister said the supply and demand discrepancies in the markets will balance out even without a deal, leaving investors skeptical of a finalized agreement. A decision is expected Wednesday. In other oil news, oil driller Schlumberger inked a preliminary agreement to study an oil field in Iran, according to The Wall Street Journal, even as President-elect Donald Trump has signaled his desire to withdraw from the landmark Iran nuclear agreement. Retail stocks like Walmart , Target and Amazon are in focus as consumers hit the Web for Cyber Monday deals. Online sales could reach $3.3 billion, according to an Adobe estimate. TheStreet's Scott Gamm reports from Wall Street.
    2 min
  • It's Cyber Monday, Millions of Americans Expected to Shop Online
    Traditional retailers like Walmart ( ) and Target ( ) are intent of seeing more of their sales coming from the internet today, Cyber Monday. The National Retail Federation says 122 million Americans are expected to take to their computers, smartphones and other devices to buy up bargains. The NRF says that's up 1 million from a year ago. Shoppers could spend $3.3 billion on line today. Oil prices have stabilized this morning. OPEC nations meet this week and there is dispute about whether the group will or will no cut oil production. Either way, oil is likely to be volatile until Wednesday when the decision is announced. Advance ticket sales for the high anticipated standalone 'Star Wars' movie, 'Rogue One:A Star Wars Story' went on sale online in the United States at midnight. Fandango's website crashed. The movie opens in theaters December 16th and follows the events that led up to the destruction of the Death Star in the first 'Star Wars' movie.
    2 min
  • Closing Bell: Dow Ends at New Records; Target Leads Black Friday Winners
    It was an early close to a holiday-shortened week in very quiet Black Friday trading. Even so, the Dow Jones Industrial Average and S&P 500 turned out slight gains to close at fresh records for their fourth day this week. Target was an early winner of Black Friday thanks to strong sales of television sets. More than 3,200 units were sold every minute in the first hour of Target's opening on Thanksgiving evening. Online sales, in particular, look to be a strong point this year. Adobe estimates online Black Friday sales will exceed $3 billion this year, up nearly 12% from a year earlier. Crude oil moved lower as investors awaited next week's meeting among OPEC. Major oil-producing nations met earlier in the week, though the likelihood of a production freeze agreement large enough to tackle global oversupply remains unclear.
    2 min
  • Stocks Hit Record Highs on Black Friday; Target Sees 'Surge' in Digital Traffic
    U.S. stocks moved higher Friday, in a shortened trading session, with the S&P 500 and the Dow Jones Industrial Average hitting fresh record highs. The markets close at 1 p.m. Eastern. Target shares were in focus as shoppers hit the stores for Black Friday, one of the biggest shopping days of the year. In a conference call on Thursday night, CEO Brian Cornell said the retailer experienced a "surge" in digital traffic on Thanksgiving Day. Target is set to "deliver on its goal of double-digit percentage online sales growth for the holidays." Crude oil moved lower retreating towards $47 a barrel as investors anxiously await next week's OPEC meeting in Vienna, where a decision is expected on whether the cartel will limit production to a range of 32.5 million to 33 million barrels per day. TheStreet's Scott Gamm reports from Wall Street.
    2 min
  • Black Friday Kicks off the Holiday Shopping Season
    151 Million Americans are expected to go shopping today either in stores or online. The National Retail Federation says the Thanksgiving weekend accounts for 15% of all holiday shopping. Retail analysts are reporting steady, and in some cases, strong traffic in their stores. After sitting out Black Friday last year, Apple ( ) is offering gift cards on some items this year. The gift cards range from $50 on a purchase of an Apple TV to $150 gift card for a MacBook. There are also deals on iPads and older iPhones. President-elect Donald Trump spent part of his Thanksgiving holiday trying to keep Carrier from move to Mexico. He said in a Twitter ( ) post that he's making progress on keeping the air conditioner maker in its home state of Indiana. Carrier executives say there is nothing to announce at this time.
    2 min
  • Dow Closes at New Record High; Fed Minutes Pave Way for Rate Hike
    The Dow Jones Industrial Average, the S&P 500 and the Russell 2000 closed at fresh record highs Wednesday. The Dow closed above 19,000 for the second session in a row. The Dow was up 0.3%, the S&P 500 was higher by 0.08%, while the Nasdaq declined 0.11%. The minutes of the Federal Reserve's November meeting were released, which revealed that most FOMC members said it could be appropriate to hike short-term interest rates "relatively soon." The markets are pricing in a roughly 94% chance of a rate hike at the Fed's December 14 meeting. HP Inc. was one of the worst performing stocks in the S&P 500. On Tuesday, the company reported fiscal fourth quarter revenue of $12.5 billion, a 2% year-over-year increase, eclipsing estimates by $620 million. For fiscal 2016, revenue is down 6%. Bed Bath & Beyond has agreed to acquire PersonalizationMall.com for $190 million in cash. Bed Bath & Beyond says the acquisition will increase its earnings per share for fiscal 2016, but the stock wrapped up Wednesday's session to the downside.
    2 min
  • Stocks Retreat From Record Highs; Deere Shares Surge on Earnings
    U.S. stocks pulled back Wednesday, from their record highs on Tuesday, when the Dow Jones Industrial Average crossed 19,000 and the S&P 500 topped 2,200. The markets are following a slew of economic data points. Weekly jobless claims rose by 18,000 over the past week to 251,000. Durable goods orders for October rose 4.8%, topping economists' estimates of 1.5%. Deere & Co. shares were in focus after reporting earnings of $0.90 a share, crushing estimates of $0.40. The company expects fiscal 2017 sales to fall 1% year over year. Eli Lilly shares tanked after a late-stage trial of an Alzheimer drug failed. The stock was near its lowest level in two years. Urban Outfitters shares were plunging after analysts at Wunderlich Securities cut the retailer's price target to $32 a share from $40. The stock now trades near $36. The analysts downgraded the stock to hold from buy. TheStreet's Scott Gamm reports from Wall Street.
    2 min
  • Stock Indexes Head Into Thanksgiving Holiday Setting all Time Highs
    Stocks aren't doing much this morning but what a week this has been. The Dow Jones Industrial Average closed above 19,000 for the first time in its 120 year history. The NASDAQ, S & P 500, and Russell 2000 also finished Tuesday's trade at record highs. This is the first time that's happened in two straight sessions since 1998. U.S. stock markets will be closed tomorrow for Thanksgiving and have a shortened trading session Friday. Hewlett Packard Enterprises ( ) is dropping after earnings. The company capped its first year as an independent company by posting lower quarterly revenue and profit. Hewlett Packard Enterprises is one of two companies created by the breakup of Hewlett Packard a year ago. We may hear more about President-elect Donald Trump's cabinet today. There are reports that former Republican presidential candidate Ben Carson has been offered the Housing and Urban Development post and South Carolina Governor Nikki Haley is said to be in line for the UN Ambassador.
    2 min
  • Closing Bell: Dow Ends Above 19,000; Wall Street Scores More Records
    The S&P 500, Dow Jones Industrial Average and Nasdaq each sported slight gains Tuesday to extend Monday's record run. The Dow closed above 19,000 for the first time in history. Hormel Foods rose after reporting a solid outlook for its fiscal 2017. The owner of Skippy peanut butter expects fiscal organic sales to grow 5%, primarily driven by growth in its grocery products division. Burlington Stores increased after quarterly same-store sales and revenue topped analysts' consensus estimates. The discount retailer reported a nearly 9% increase in total sales. China-based social network Weibo rallied after topping third-quarter earnings and profit forecasts. Weibo's parent company Sina also bested quarterly estimates. TheStreet's Keris Lahiff has details from Wall Street.
    2 min
  • Midday Report: Existing Home Sales Near 10-Year High; Stocks Come Off Highs
    Stocks came off highs, though remained on track to close at records. The Dow Jones Industrial Average topped 19,000 for the first time ever earlier in the session. Existing home sales neared a 10-year high in October as demand continued to outpace supply. Sales of previously owned homes climbed 2% to an annual pace of 5.6 million, its highest level since early 2007. DSW rose after lifting its full-year outlook on the back of tighter cost controls and improved sales. The shoe retailer anticipates full-year adjusted profit of at least a $1.35 a share. Barnes & Noble climbed after narrowing its second-quarter loss and reporting better-than-expected sales. The book retailer did see a 4% drop in revenue, though, a result blamed on sluggish sales tied to the election cycle.
    2 min

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