which are just completely eating their lunch when it comes to direct to consumer, and that's where the industry's headed," he said. "And then you take a look at their product. Have you ever looked at their shoes? They literally make the ugliest shoes that the world has ever seen. ... That's my opinion, but they're also not growing that segment at all. There's no growth there, and I think for good reason.
Matt Maley, chief market strategist at Miller Tabak, said the technical charts look "as bad as the fundamental outlook" for GE. "It's funny because a couple of years ago, I made one of my better calls saying that GE down at [$]6.66 was a great buy over an intermediate-term basis. That worked out very well. But this is a stock I would not buy on an intermediate, long-term or short-term basis," he said. "It just does not look good at all on the chart."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street jumps as hopes for easing lockdown offset earnings worryU.S. stocks jumped on Tuesday as optimism that the Trump administration could move to ease lockdowns from the coronavirus outbreak overshadowed worrying earnings reports from JPMorgan and Wells Fargo. And this is why the message is on repeat. (previously it was an Easter opening)
Source: Reuters - 🏆 2. / 97 Read more »
The definitive collection of top Wall Street stock picks as coronavirus ravages markets - Business InsiderThese lists of stock picks come from Wall Street titans like Goldman Sachs, Morgan Stanley, and Bank of America.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Wall Street falls on dour economic data, corporate earningsU.S. stocks fell on Wednesday as dismal economic data and first-quarter earnings reports compounded concerns over the extent of damage from the coronavirus outbreak. US stocks close lower as coronavirus toll slams earnings , economic data. But it was the best economy ever! If it was that great, it wouldn't have collapsed so quickly. Duhhh, and the Wall Street wizards couldn’t have predicted this a long time ago!
Source: Reuters - 🏆 2. / 97 Read more »
Top Wall Street Regulators Warn Against Coronavirus Investment ScamsLeaders at the Securities and Exchange Commission say they're taking aggressive action to combat coronavirus-related investment fraud. The SEC has temporarily suspended public trading of at least 16 companies' stocks since February. They should try and look harder. If profiteering via death isn't a crime, it should be. Does that include Trump? Add the TrumpCrimeSyndicate TrumpKushnerCrimeFamily SEC
Source: NPR - 🏆 96. / 63 Read more »
Exclusive: Hedge fund Elliott says stocks could fall 50% from February highs - letterBillionaire Paul Singer’s Elliott Management said global stocks could tumble more -- ultimately losing half of their value from February's high -- as the world braces for the deepest recession since the 1930s-era Great Depression, according to a letter sent to clients on Wednesday and reviewed by Reuters. Someone is shorting the market. * so many tears * frankieknuckles The U.S. stock market has been riding high with easy money for at least 5 years.-I wouldn't be surprised.
Source: Reuters - 🏆 2. / 97 Read more »