Jeff Saut, chief investment strategist at Raymond James, said Friday the stock market looks like it’s searching for a bottom. Using a propitiatory forecasting model, he predicted it would happen next week, followed by a sharp rally. That model actually foresaw the 2015 summer swoon, but missed what he expected to be a “rip your face off” rally in late December. The Federal Reserve will likely hike interest rates only once or twice this year, Saut said Friday on CNBC’s “Squawk Box” just after the release of the government’s January jobs report. The U.S. economy created fewer-than-expected nonfarm payrolls of…
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In the hotly contested market for Internet of Things networks, Ingenu has its sights set on nothing less than world domination for its technology. “We will have the largest footprint in the world … and it will become a global standard,” CEO John Horn said in an interview last week. Ingenu-based networks will reach more than half the world’s population within three years, he predicted. San Diego-based Ingenu is one of several companies and industry groups vying to connect things like industrial sensors, utility meters and shipping containers over power-efficient networks. They’re promoting various forms of LPWANs (low-power, wide-area networks)…
Jim Cramer was shocked by the action on Clorox on Thursday. The company reported a solid earnings beat and raised full-year guidance for 2016, yet the stock was slammed hard, down almost 5 percent in a single session. What the heck just happened to Clorox? “I think largely it was because of a broad rotation out of consumer products stocks and into commodities,” the “Mad Money” host said. Mary Catherine Wellons | CNBC Benno Dorer, Clorox CEO Cramer spoke with Clorox CEO Benno Dorer to find out if the company behind such well-known brands as Glad Bags, Kingsford charcoal, Hidden…
Adobe has launched a substantial upgrade to its Lightroom for Android app. Version 2.0 introduces a new, in-app camera update that supports capturing images in DNG raw format, which gives photographers maximum freedom for editing. Additionally, the camera gives you the ability to shoot through presets, which enables you to preview and capture images with the specific settings already attached to that image. Other features include a de-haze tool to adjust haze and fog along with integration toAdobe Premiere Clip to create video stories. In announcing the update in a blog post, Adobe featured the work of professional photographer Colby…
The “Fast Money” traders delivered their final trades of the day. Steve Grasso was a buyer of Dupont if it goes above $60 a share. Brian Kelly was a seller of the Market Vectors Gold Miners ETF. Karen Finerman was a buyer of Alphabet at these levels. Guy Adami was a buyer of Texas Instruments. Trader disclosure: On February 4, 2016, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s “Fast Money” were owned by the “Fast Money” traders: Guy Adami is long CELG, EXAS, GDX, INTC, Guy Adami’s wife, Linda Snow, works at Merck. Karen…
It can see through smoke, it can dive underwater, and it can run Android Marshmallow. The CAT S60 is a 4G LTE smartphone with a 3,800 mAh battery that owners of thinner and lighter phones might kill for. With its ruggedized case, designed to survive a drop onto concrete from head height, it sounds like the special forces of smartphones. The phone’s two stand-out features, though, are its water resistance and its thermal camera. There are plenty of smartphones with IP68 ratings that can take a dip in a pool and live to tell the tale, but the CAT S60…
On Thursday, Yum Brands reported for the first time since it announced plans to spin off its massive Chinese business. And while Jim Cramer found the results somewhat mixed, he did start to see some signs of life from the company. More importantly, Yum confirmed it has finally seen positive same-store sales in China, which is currently Yum’s largest market. Cramer spoke with Greg Creed, CEO of Yum Brands, to find out more about the quarter and where the company could be headed. Adam Jeffery | CNBC “I think what we have created is two powerful, independent, focused growth companies.…
News Corp. reported mixed results Thursday, citing foreign currency fluctuations and lower print advertising revenue. The global media company, which is controlled by Rupert Murdoch, posted fiscal second-quarter earnings of 20 cents per share on $2.16 billion in revenue. Analysts had expected News Corp. to report earnings of about 21 cents a share on $2.13 billion in revenue, according to consensus estimates from Thomson Reuters. “News Corp. is evolving rapidly into a more digital and increasingly global company with a diverse revenue mix that we believe will drive long-term growth in profits and shareholder returns,” CEO Robert Thomson said in…
Americans are bored with the usual handbag options, but when they are buying, smaller is better. On Coach’s most recent earnings conference call, CEO Victor Luis told investors the “North American premium women’s handbag and accessories market was essentially flat in the December quarter” andMichael Kors CEO John Idol took it a step further in his company’s earnings call saying: “the global market for luxury handbags is approximately flat.” However, while the handbag category was flat in dollar sales, Kors unit sales rose by “very strong double digits” thanks to stronger selling of smaller, crossbody handbags and wallets, Idol said.…
You can rely on feng shui for your Year of the Monkey trades—or you can use the data. As Asia kicks off a new lunar year on Monday, we used Kensho to look for the best Chinese New Year trades over the past decade. Read MoreHow to winterize your portfolio? Think Netflix and chill US stocks have typically moved higher during the five-day-long holiday, when Chinese markets are closed. Volatility tends to fall, and the Nasdaq—currently in correction territory—tends to outperform. Gifting gold coins and jewelry are a staple of the lunar new year holiday, symbolizing wealth and good fortune.…