Check out the companies making headlines midday on Wednesday:
that missed analysts estimates. Gross profit margins fell to 57.5% in the first quarter from 64% in the year ago period, and missed analysts' estimate of 61.6%.
The company, which is breaking into lighter clothes like rain jackets, is selling the products, however they are not as profitable as the company's usual $1000 parkas.
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The economy is not falling into a recession, but the slowdown stocks are working, Cramer says'The day-to-day action is going to favor the slowdown stocks and wreak havoc for the industrials, the technology stocks, and worst of all the financials,' Jim Cramer says.
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Asia stocks set to trade lower as Dow falls below 26,000 amid geopolitical fearsStocks in Asia were set to trade lower on Tuesday following an overnight plunge on Wall Street stateside that saw the Dow Jones Industrial Average plunging more than 350 points.
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CBS And Viacom Stocks Both Sink As Merger Deal Nears Close – UpdateUPDATED with closing stock prices. Shares of CBS slipped 2% after early gains and Viacom’s dropped 5% Monday as investors reacted to word that the companies were near the finish line in their…
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