For all the glamour of living an early retirement lifestyle, there are plenty of negatives I’ve come to discover since I permanently left my job in 2012. As a result, you’re repeatedly forced to will yourself into action.
Being an unsecured creditor of Sears (SHLD) right now is not a good place to be. The 125-year old former retail icon filed for chapter 11 bankruptcy protection early on Monday, crippled from years of losses and mounting debt. Sears plans to close about
Tesla (TSLA) and Apple (APPL) have at least one thing in common – and it’s a big factor leading one analyst to project a price target of $4,000 for the electric vehicle manufacturer. It comes down to the chips, ARK Invest CEO and CIO Cathie Wood said in an interview with Yahoo Finance on Friday. Tesla CEO Elon Musk confirmed in August that the company would be making its own computer chips for automated driving, pivoting away from hardware produced by chipmaker Nvidia (NVDA).
BARRONS NEXT HOT STOCKS It probably shouldn’t surprise anyone, but it looks like Call of Duty: Black Ops 4 landed with a boom. Perhaps a surprise: for investors, it landed with a bit of a thud. On Sunday, (ATVI) said the latest installment
Mall owner Macerich Co. struck a agreement that year with the struggling department-store operator to redevelop a 300,000 square-foot store at Kings Plaza Shopping Center, a high-traffic mall in Brooklyn, New York. After Sears filed for Chapter 11 protection early Monday, Macerich’s lengthy -- and expensive -- process is worth keeping in mind. Other mall owners, who have been grappling with the retailer’s store closings and diminished ability to attract shoppers for years, must now contend with the possibility of a full liquidation, which would mean a glut of retail real estate in an already oversupplied market.
NVIDIA Corporation’s NVDA efforts in artificial intelligence (AI) and machine learning in various fields are gathering momentum, thanks to its initiatives and adoption of its technologies by key companies.The past week has been quite eventful for NVIDIA
The Vanguard founder says low dividend yields, modest earnings growth potential, and still-low rates mean returns are set to be lower.
Sears filed for Chapter 11 bankruptcy early Monday, the culmination of a downward spiral. CEO Eddie Lampert, once called the "next Warren Buffett," will also step down. Incidentally, Buffett predicted the retailer's and Lampert's downfall in 2005.
Prominent members of the world’s business community are dropping out of Saudi Arabia’s Future Investment Initiative, a conference that is widely known as the “Davos of the Middle East,” after the disappearance of journalist Jamal Khashoggi, a columnist at the Washington Post. Turkey has accused Saudi Arabia of sending a large task force to murder him and dismember his body. By Sunday evening, JP Morgan CEO Jamie Dimon had pulled out, along with Ford chair Bill Ford.
fell on Monday, Oct. 15, after Cowen and Co. cut its price target on the stock as analysts expect the new Chief Executive Larry Culp to take actions to improve the beleaguered industrial's financial standing. Cowen analysts, including Gautam Khanna, said they expect Culp to impose a dividend cut, possibly raise more equity, and reset earnings per share/free cash flow, to shore up the balance sheet.
Philip Morris International Inc. PM is slated to release third-quarter 2018 results on Oct 18, before the opening bell. The Zacks Consensus Estimate for third-quarter 2018 earnings is currently pegged at $1.28 per share, reflecting an improvement of 0.8% from $1.27 delivered in the year-ago quarter. This estimate improved by a penny over the past seven days. Further, the Zacks Consensus Estimate for third-quarter revenues is currently pegged at $7,171 million, depicting a decline of almost 4% from the year-ago quarter’s tally.
Micron Technology (NASDAQ:MU), which provides semiconductor systems, has had a difficult time since June. While high volatility in the broader technology market is likely to continue for several more weeks, there are two mildly bearish plays in MU stock that I want to share with you, as each play could lead to impressive profits.
The 'Squawk on the Street' team discusses Sears filing for bankruptcy and Eddie Lampert, Sears Holdings CEO, stepping down.
Carl Icahn says Dell's offer to buy VMware tracking stock is massively undervalued. The billionaire activist investor, now VMware's second-largest shareholder, published a scathing letter bashing the proposed $21.7 billion buyout by Dell that could make the computer giant publicly traded once again.
Canadian cannabis companies have been involved in at least 97 announced acquisitions and investments with a combined value of $8.06 billion this year, according to data compiled by Bloomberg. In 2015 there were six pot deals worth $72 million.
Art Cashin says investors have "had enough" of last week's market action, which saw the biggest weekly declines for the Dow, S&P 500 and Nasdaq since March. The stock market is blindly trying to build gains after a devastating performance last week, closely followed trader Art Cashin said Monday. Cashin said investors have "had enough" of last week's "shocking" market action, which saw the biggest weekly declines for the Dow Jones Industrial Average , S&P 500 and Nasdaq since March.
Sears Holdings Corp.’s seemingly imminent liquidation could create some winners and many losers, according to experts. With major lenders now pressing for liquidation versus reorganization, Sears (SHLD) could soon be going out of business. The large players in the appliance category, including Lowe’s Cos. (LOW) , Home Depot Inc. (HD) , and Best Buy Co. Inc. (BBY) , stand to gain shares and scale even if there’s a temporary discounting disruption, according to UBS analysts led by Michael Lasser.
Investors in AT&T Inc. T need to pay close attention to the stock based on moves in the options market lately. What is Implied Volatility? Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
Goldman Sachs strategist David Kostin said there is "limited further downside" for stocks after the recent sell-off sent the Dow industrials down almost 6 percent. Strong fundamentals, including rising earnings and return on equity, should limit the damage, he said. Goldman continues to call for a 2,850 price target on the S&P 500, which would be about 3 percent higher from Friday's close.
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? CenturyLink (CTL), which belongs to the Zacks Wireless National industry, could be a great candidate to consider. This communications company has an established record of topping earnings estimates, especially when looking at the previous two reports.
Despite Sears Holdings filing for bankruptcy Monday, customers of the once-mighty department store chain can still use their Sears credit cards and benefit from the company loyalty program. Although some 142 Sears and Kmart stores will be closed as part of the bankruptcy, Sears and Kmart stores and the online and mobile platforms will continue to offer products and services to customers. Sears Holdings' loyalty programs, including the Shop Your Way membership program, and the Sears and private-label credit card rewards programs will continue.
While analysts had expected the firm to lose share to rivals in advisory fees, BofA also posted a 29 percent decline in debt-underwriting revenue, almost twice the drop that had been estimated. Chief Financial Officer Paul Donofrio attributed some of the underperformance to his firm shying away from riskier leveraged finance deals amid increased competition from nonbank lenders, sometimes known as shadow banks. The firm’s investment bank has also been grappling with a string of senior-level departures this year, including the exit of the business’s head, Christian Meissner.
Taiwan Semiconductor Manufacturing Company TSM is set to report third-quarter 2018 results on Oct 18. The company topped the Zacks Consensus Estimate in three of the trailing four quarters while missing once, recording an average beat of 1.54%. In the last reported quarter, Taiwan Semi delivered a positive earnings surprise of 4.44%.
Warren Buffett is so often talked about in the press, on the internet and in conversations among the investing public that truth and falsehood blur, and a picture of the man is distorted like an image in a funhouse mirror. Although Buffett is one of the greatest investors of the last century, he makes mistakes like any other human being. Buffett knew the airline business had no protective moat, and later stated the industry was a death trap where investors had lost massive money since the inception of air travel.
Software engineer Daren Makuck left a high-paying job at Google and took a 50% pay cut to work at a startup called Qwil. An interaction he had with Qwil CEO Johnny Reinsch convinced him it was the right career move. Makuck even refused to increase his salary when the time came, to Reinsch's surprise.