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Monday Morning Volatility: PreMarket Prep Recap For Feb. 10, 2020
Monday, February 10, 2020 - 12:21pm | 1090Of all the headlines on Monday morning, one in particular caught our traders’ eyes on PreMarket Prep: Simon Property Group Inc’s (NYSE: SPG) acquisition of 80% of Taubman Centers, Inc (NYSE: TCO) for $3.6 billion, or $52.50 per share in cash. The deal is notable not just for who it...
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Facebook's Data-Driven Sell-Off Weighs On The Markets
Monday, March 19, 2018 - 4:20pm | 653All eyes on Wall Street were focused on Facebook Inc (NASDAQ: FB) Monday after reports that data from more than 50 million users was improperly shared during the 2016 campaign season. The news sent Facebook’s FANG peers tumbling as well, perhaps on fears that their data-driven businesses...
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The Romance Between President Trump And Investors Could Be Fading
Tuesday, January 31, 2017 - 4:08pm | 304In the midst of the Trump rally, the Dow Jones Industrial hit the 20,000 mark on January 25. However, by Tuesday the index briefly dipped below the 19,800 level, which may signal the romance between President Trump and investors has come to an end. As noted by CNNMoney's Paul La Monica, it...
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CNN's Paul La Monica Talks Target, E-Commerce And The Retail Sector With Benzinga
Friday, August 19, 2016 - 3:12pm | 466Target Corporation (NYSE: TGT) is losing momentum — both in brick-and-mortar stores and online — as it is bruised by Amazon.com, Inc. (NASDAQ: AMZN). But, Amazon isn't the only rival encroaching upon Target; the rebound of Wal-Mart Stores, Inc. (NYSE: WMT) may further halt the growth at...
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Investors Might Be Overreacting To DoJ's Prisons Announcement
Thursday, August 18, 2016 - 3:50pm | 329The U.S. Department of Justice announced it would be gradually moving away from the use of private prisons. Public companies that own private prisons with government contracts took a large blow on Thursday. But was the plummet an overreaction? Related Link: Prison Stocks Rocked As DoJ...
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Next Stop: Dow At 20,000?
Friday, July 15, 2016 - 3:45pm | 277U.S. stock indices peaked mid-2015 and it took more than a full year to trade at record levels. On Friday, the Dow Jones Industrial Average hit a new intra-day, all-time high of 18,557.43. This begs the question: When will the Dow trade at 20,000? As noted by CNN Money's Paul LaMonica, the Dow...
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Uber Thriving Despite Auto Industry Decline
Monday, June 6, 2016 - 3:17pm | 366Is Uber to blame for auto stocks' underperformance? CNN Money's Paul La Monica offered a deep-dive look into the auto industry, which is declining at a time when Uber is growing. According to La Monica's article for auto manufacturers, she reported a "lousy" May with...
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McDonald's Easterbrook For CEO Of The Year? La Monica Believes He Could Make It
Saturday, April 23, 2016 - 9:08am | 297McDonald's Corporation (NYSE: MCD) reported first-quarter earnings of $1.23 per share Friday morning, beating the Street’s consensus by $0.07. Revenue of $5.9 billion also came in $80 million ahead of expectations. Right after McDonald’s report was released, CNN Money digital...
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Cash, Profits Make Apple 'Woefully' Undervalued
Tuesday, September 15, 2015 - 7:45am | 419Paul La Monica is a weekly guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. Apple Inc. (NASDAQ: AAPL) is up 9 percent since the August 24 market turbulence that sent shares down to $92. CNNMoney Digital Correspondent Paul La Monica said...
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Why Shake Shack Can't Sustain This Valuation
Tuesday, September 15, 2015 - 7:40am | 357Paul La Monica is a weekly guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. As of Monday's close, Shake Shack Inc (NYSE: SHAK) gained more than 13 percent since its January IPO, but the stock has declined 46 percent since its May high....
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Paul La Monica: 'No Matter How You Slice It,' Apple's Stock Is 'Dirt Cheap'
Friday, July 24, 2015 - 2:51pm | 411Paul La Monica is a weekly guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. Tune in to the daily broadcast live Monday-Friday at 8 a.m. ET here. Discussing tech stocks during Friday's edition of Benzinga's #PreMarket Prep, Paul La Monica argued that...
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Why Amazon Is Risky And Pricey, But Hard To Bet Against
Friday, July 24, 2015 - 1:09pm | 391Paul La Monica is a weekly guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. Tune in to the daily broadcast live Monday-Friday at 8 a.m. ET here. CNNMoney Digital Correspondent Paul La Monica said on today's Benzinga #PreMarket Prep that yesterday's...
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Why People Are Excited About Fitbit
Tuesday, June 23, 2015 - 1:57pm | 400Paul La Monica is a weekly guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. CNNMoney Digital Correspondent Paul La Monica argued on Benzinga's #PreMarket Prep that Fitbit Inc (NYSE: FIT) could be the next GoPro Inc (NASDAQ: GPRO). La Monica...
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Exclusive: 2 Experts Discuss Fake Avon SEC Filing
Friday, May 15, 2015 - 4:03pm | 400Paul La Monica was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. CNNMoney Digital Correspondent Paul La Monica discussed Thursday's unusual scenario where a suspicious SEC filing revealed a firm by the name PTG Capital offered...
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Is Apple Becoming A One-Trick Pony?
Friday, May 15, 2015 - 12:39pm | 264Paul La Monica was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. CNNMoney Digital Correspondent Paul La Monica talked about Apple Inc. (NASDAQ: AAPL) on the show. La Monica suggested that Apple risks becoming a “one-trick...