Eric Schmidt, executive chairman of Google's parent company Alphabet, is worth an estimated $11 billion. While a significant amount his wealth comes from stock he received as Google's CEO, the billionaire credits a few personal finance strategies with helping build his net worth. This isn't the only piece of advice Schmidt has for professionals.
General Electric (GE) has had an earnings problem. Not the numbers themselves, but the way they report them.Last year, MarketWatch's Tomi Kilgore noted that General Electric had reported four different earnings metrics when it released it second-quarter financials in July, and concerns about how GE reported its numbers was picked up by analysts including Deutsche Bank’s John Inch, who took issue with the way the industrial giant accounted for Alstom, and Bernstein's Steven Winoker, who said GE needed to "simplify and clean up all financial reporting."With earnings called into question, JPMorgan's C. Stephen Tusa and team contend that bullish investors are now focusing on GE's free cash flow, an "emerging bull case" they call "overstated and not plausible." They explain why:
It's been a fantastic 15 months for Advanced Micro Devices (AMD) . If you're among the investors who'd bought the then dead-beat chipmaker back in December 2015, you'd have made over 300% in this period--even as AMD beat quarterly earnings estimates, shrugged off balance sheet concerns and demonstrated liquidity improvement. Is it then time to take profits off the table? We'd recommend staying with the company. First, there is better visibility into Ryzen 7 and the imminent Ryzen 5 launch on April 11. While the Ryzen 7 series competes with Intel's (INTC) workstation and professional applications, it has received mixed reviews. AMD said it plans to launch four mainstream Ryzen 5 CPUs on April