Stocks making the biggest moves premarket: GE, FB, CBS, FCAU, NWL, USG, HLT & more

Check out the companies making headlines before the bell: General Electric – In a new report, Cowen recommends avoiding GE stock ahead of an upcoming restatement of earnings and its first quarter report scheduled for Apr. 20. Cowen feels a first-quarter earnings miss is “probable,” and doesn’t feel the already-cut dividend is necessarily safe. Facebook […]

FANG stocks’ bite has US fund managers looking for alternatives

Fund managers have begun to ditch so-called FANG stocks that powered the U.S. stock market to record highs in January and are slowly rotating into commodity-related shares and other value stocks which typically outperform in late-cycle recoveries. Portfolio managers holding shares of Facebook, Amazon.com, Netflix, and Google-parent Alphabet say they are increasingly concerned that the […]