A common theme is that they are ready to relocate supply chains if the cost of importing Chinese goods becomes prohibitive. "If there was a broad-based tariff on apparel, I think you could see a bit more of an acceleration of the migration out of China into other regions for apparel sourcing," Mitch Butier, chief executive officer of the California label producer, said during an Oct. 23 earnings call. A number of them have already moved out of China," Jean-Jacques Ruest, CEO of the Canadian railway company said during an Oct. 23 earnings call.
Microsoft MSFT saw its stock price dip 1.40% during regular trading hours Tuesday just one day before the tech powerhouse is set to report its fiscal first-quarter financial results. Shares of Microsoft have crushed the S&P 500 and their industry’s average since the start of the year. With that said, the last three months have seen MSFT stock move nearly sideways, which includes a 5.5% dip over the past month.
The stock market may have bounced back from its sharp sell-off at the beginning of October, but Morgan Stanley says the selling will pick back up soon. The firm expects the S&P 500 to slide back below the 200-day moving average, a key technical level. Tread carefully in tech and consumer discretionary, Morgan Stanley warns.
Strategies can be employed to reduce the amount of your win that is taxed, although they are best explored with the help of an experienced tax advisor. While it's anyone's guess who will end up winning the Mega Millions and Powerball jackpots, there's at least one guaranteed recipient of a chunk of the loot — the IRS. With the Mega Millions jackpot at $1.6 billion and Powerball's top prize at $620 million, that tax bill will be hefty even if the winner employs strategies to reduce their taxable income.
Suze Orman did a smackdown of the FIRE (Financial Independence/Retire Early) movement on Paula Pant’s podcast. Coach Carson posted a balanced, informative response, appreciating Suze’s admonition to be sure you have enough for a risk-free retirement. Suze enumerated a string “what can go wrong” scenarios as evidence that early retirement (on less than $10 million) leaves you vulnerable when life hands you lemons — a whole tree of lemons.
Fidelity, the nation's largest retirement-plan provider, recommends having the equivalent of six times your annual salary saved. To get to that number, Fidelity recommends saving 15 percent of your annual income. Make sure to invest these funds instead of leaving them in a traditional low-interest savings account.
On Prime Day, Amazon's website crashed, while one of its biggest warehouses also experienced a technical outage that delayed thousands of package deliveries. According to documents obtained by CNBC, the outage was caused by Amazon moving its database for an Ohio warehouse off of Oracle's to its own. Amazon is planning to move completely off Oracle's database by 2020, but Oracle thinks it's a long shot.
Tesla Inc. stock rallied more than 9% Tuesday after famed short seller Citron Research turned long on it, saying that the Model 3 is “a proven hit” and that many of the “warning signs” about the Silicon Valley car maker have proven to be insignificant. Citron’s note comes after the Silicon Valley car maker announced late Monday that it will report third-quarter results on Wednesday, much sooner than anticipated. “Rumors of the Tesla killers have been as constant and unfounded as Bob Lutz’s call for Tesla’s bankruptcy,” Citron said, taking a jab at the former General Motors Co.
Aurora Cannabis, one of the largest Canadian marijuana producers, is going public on the New York Stock Exchange. Aurora is joining a select list of Canadian cannabis producers, including Tilray and Cronos, that are able to list on US-based exchanges.
Jim Cramer argues that the Cboe Volatility Index and strong earnings reports from key companies helped stocks recover intraday in a rally that could last.
During that stretch, I was bullish on AMD stock from $20 all the way to $30. Does that mean it’s time to buy back into AMD stock? Advanced Micro Devices stock has dropped a bunch over the past several weeks because Intel (NASDAQ:INTC) is reportedly gaining traction when it comes to volume production of next-gen chips.
Are the market lows in? Should investors trust the reversal? With CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Tim Seymour, Dan Nathan and Guy Adami.
Investors on Wall Street continue to contend with a choppy and uncertain trading environment, even among popular sectors like tech stocks. A growing chorus on Wall Street is sounding the alarm, with analysts at Morgan Stanley warning that the large-cap stocks in the S&P 500 are the only holdout from a “rolling bear market’ that has already savaged pretty much every other asset class, including small-cap stocks, high-yield bonds, and emerging market assets. The fact that the S&P 500 is once again below its 200-day moving average supports this thesis, weighed down by bank stocks.
It’s still unclear how Trump will propose to reduce the tax burden on middle-class Americans, but one of the most straightforward ways would be to lower rates by 10 percent for single filers making up to $82,500. U.S. income tax rates are graduated and income dollars get taxed in chunks as they move up through the brackets -- which means wealthy Americans would also get to apply the reduced rate on their first dollars of income. “A millionaire gets the same size tax cut,” said Kyle Pomerleau, an economist at the conservative Tax Foundation.
A Caterpillar Inc. equipment is on display for sale at a retail site in San Diego, California, U.S., March 3, 2017. Global construction equipment giant Caterpillar (CAT) announced quarterly results that were a bit better than expected. Caterpillar’s construction industries business segment sales grew 16% to $5.7 billion.
The Cboe Volatility Index and strong earnings reports from key companies helped stocks recover intraday on Tuesday, CNBC's Jim Cramer says. The Cboe Volatility Index , also known as the stock market's fear gauge or the VIX, flashed a signal that could mean the market bottomed during Tuesday's turbulent trading session , CNBC's Jim Cramer said. Last week, the "Mad Money" host called on technician Mark Sebastian, who specializes in volatility, to get a read on the VIX , which measures expectations of near-term volatility by tracking S&P 500 option prices.
The price of (MU) stock has fallen nearly 40% since the summer, but the upside has diminished as well, according to Susquehanna analyst Mehdi Hosseini. “Recent checks imply incremental weakness in Cloud and Enterprise spending expectations” for the first half of 2019, Hosseini wrote on Tuesday. Hosseini lowered his price target for Micron to $45 from $75, implying upside of about 17% from the current level.
U.S. stocks bounced off intraday lows and major indexes trimmed early losses Tuesday, but the S&P 500 still finished lower for a fifth session as a big drop in the Chinese market revived fresh questions about the global economy. The Dow Jones Industrial Average (DJIA) fell 125.98, or 0.5%, to 25,191.43 after being down more than 500 points earlier. (DJIA)On Monday, Dow industrials and the S&P 500 closed lower while the Nasdaq bucked the trend to edge higher.
Over the last few days, share prices of major marijuana stocks have plummeted to their worst in the trailing eight months. This free fall commenced following the legalization of marijuana for recreational use in Canada on Oct 17.Legalization Considered
The jackpots will be subject to federal withholding, which is an immediate 24 percent before the winner ever receives a cent. Some states also impose a withholding tax, Clarence G. Kehoe, CPA and partner at public accounting firm Anchin, Block & Anchin, told FOX Business. The IRS will also tax the winnings at the highest federal income bracket, which now sits at 37 percent for individuals with incomes in excess of $500,000. You would owe any difference left over between that tax rate (37 percent) and the federal withholding rate (24 percent) when you file your tax return at the end of the year, K. Eli Akhavan, partner and chair of the Private Client and Wealth Preservation Group at CKR Law, told FOX Business.
Semiconductor stocks are having a bumpy 2018. While the sector is in the green overall, the chipmakers are trailing the Nasdaq Composite, as measured by the Invesco QQQ Trust (NASDAQ:QQQ) by a wide margin. The QQQ ETF is up 9% year-to-date, with the iShares PHLX Semiconductor ETF (NASDAQ:SOXX) up just half that for the year.
October is living up to its infamous reputation as a volatile month for stocks with major indexes down sharply and there is likely more pain ahead for investors, according to one prominent Wall Street analyst. The recent rebound “was a dead cat bounce,” said Michael Wilson, an equity strategist at Morgan Stanley, in a report. After eking out gains last week, the S&P 500 (SPX) is trading below the 200 DMA of 2,768 thus far this week as stocks remain under pressure with third-quarter earnings cycle picking up pace.
Bank of America Merrill Lynch’s equity and quant team say market signals from the ever-flattening yield curve are clear as day: stock markets are due to begin a new era of elevated price swings. “A flattening yield curve signaled a withdrawal of liquidity and over the last three cycles has preceded rising volatility by a few years,” the team, including Savita Subramanian, wrote in research this week. Bank of America’s call -- echoing others -- comes as investors scramble to judge whether the current turmoil in equity markets represents a blip or fundamental shift in regime.
Investors view Texas Instruments’ financial outlook as a broader economic barometer because the company has the largest customer list and widest product range in the $400 billion semiconductor industry. The world’s sixth-largest chipmaker reported third-quarter net income of $1.57 billion, or $1.58 per share, compared with $1.29 billion, or $1.26 a share, in the same period a year earlier.
As shares of Advanced Micro Devices Inc. fall back toward earth, investors have the opportunity to decide whether the current trade-war climate had impinged upon the chip maker’s ability to capitalize of the misfortunes of its main rival. AMD (AMD) is scheduled to report earnings after the market close on Wednesday. AMD’s stock approached its peak for the year in September, following the launch of the company’s Radeon Pro V340 server card in late August and a slew of price upgrades from analysts, but has since fallen into a correction.