Finance

Mark Cuban: I bought Netflix puts (but I’m not selling)

Billionaire investor Mark Cuban, who recently purchased a large block of shares in Netflix, said on Friday that he had bought options to sell against his entire stake. In October, Cuban made waves when he declared he was a buyer of the streaming company’s stock, which at the time was on the decline. Amid a massive shake out in technology ... Read More »

Star Wars powers Hasbro’s strongest growth in nearly 5 years

Hasbro reported its biggest jump in quarterly revenue in nearly five years, beating analysts’ estimates by a wide margin, driven by demand for toys based on the “Star Wars: The Force Awakens” and “Jurassic World” movies. Revenue from toys targeted at boys, which include action figures based on the two blockbuster films released last year, surged 35 percent to $569.8 ... Read More »

This group of stocks are in a free fall

FANG stocks are losing their bite. In the last three months, shares of the once high-flying group of technology names — Facebook, Amazon, Netflix and Alphabet (the parent company of Google) — have fallen a respective 7, 25, 22 and 4 percent. The move has come as tech shares overall have taken the biggest brunt of the recent bout in ... Read More »

This group of stocks are in a free fall

FANG stocks are losing their bite. In the last three months, shares of the once high-flying group of technology names — Facebook, Amazon, Netflix and Alphabet (the parent company of Google) — have fallen a respective 7, 25, 22 and 4 percent. The move has come as tech shares overall have taken the biggest brunt of the recent bout in ... Read More »

Contrarian Street call: Bet on a weak dollar

While many on Wall Street expect the U.S. dollar to rally even more in 2016, one strategist believes the opposite will occur and drive multinational stocks to outperform. “The notion that the U.S. dollar (USD) will continue to appreciate is a widely held consensus view, based on sound economic theory — interest rate differentials suggest higher rate currency appreciates,” Fundstrat’s ... Read More »

Apollo Education to be taken private by investor group

Apollo Education on Monday said it has agreed to be taken private by a group a investors in a deal valued at about $1.1 billion. The investors include The Vistria Group, funds affiliated with Apollo Global Management, and Najafi Cos. for $9.50 per share in cash for both Class A and B shares. The offer price is a 36.7 percent ... Read More »

Ford CEO: Auto industry is being underestimated

Jim Cramer discovered a curious disconnect with the auto industry and wondered if it could be a sign of an impending recession. For months, the stocks of automakers have been crushed, even as car sales have reached record levels. Cramer thinks this could be due to investor fears that the industry could be peaking in the United States. To gain ... Read More »

Lynn Tilton is stepping down from credit funds

Lynn Tilton, CEO of Patriach Partners. Adam Jeffery | CNBC Private equity investor Lynn Tilton is stepping down as collateral manager of all her credit funds, totaling more than $2 billion, after years of litigation with New York bond insurer MBIA. Tilton will temporarily remain in charge of three credit funds, sequentially named “Zohar,” until investors in those funds select ... Read More »

Paul Meeks steps in to buy amid sell-off

Tech investor Paul Meeks sold out of three of his top picks at the beginning of the year in favor of large-cap momentum stocks he believes will continue to outperform. On Friday, Meeks reshuffled his picks for the CNBC Squawk Box Model Portfolio, dumping shares of BlackRock, Micron Technology and financial services company Bofi. Instead, he increased his position in ... Read More »

$2B has piled into this group of stocks in 2016

One of the hottest trades of the year is about to get even hotter. Mining stocks have struck gold since the start of 2016, rallying more than 17 percent and shooting to their highest level since late October. The move has sparked a flurry of bullish activity this week. “Gold and gold miners is where the options action was this ... Read More »