Alibaba (NYSE:BABA) looks absurdly cheap at the moment. Alibaba grew revenue 58% year over year in fiscal 2018 (ending March), and non-GAAP earnings per share surged by 40%. Margins were pressured in the first quarter, admittedly. But the top line still
The top is in for existing-home sales, which make up 90% of transactions in the US, according to economists at Bank of America Merrill Lynch. The largest segment of the housing market has peaked and will no longer contribute to the US economy's growth, according to US economists at Bank of America Merrill Lynch. "We are calling it," the team led by Michelle Meyer said in a research note on Friday.
Louise Yamada is a Wall Street legend. As one of the first female technicians, she called the Enron and Tyco debacles before they happened and knew someone was selling the financials as early as 2007. Listen to her now explain the current state to the
Alibaba’s Group Holdings Ltd.’s ( BABA) price is over 23% off its 2018 highs, and options traders are betting shares fall as much as 8% more by the start of the new year. Technical analysis also suggests the stock may head lower, back to its 2018 lows over the coming weeks. The stock has been falling as trade tensions between the U.S. and China continue to escalate.
Over the next five years, the federal government will provide subsidies in excess of $1 trillion for retirement saving, according to estimates from the Joint Committee on Taxation. The bulk of these subsidies will be delivered through defined-contribution accounts, such as 401(k)s and IRAs, that lower savers’ tax bills if they sock money away for retirement. While retirement security is indeed an important policy goal, the way we subsidize such saving is ineffective, regressive and in pressing need of reform.
DEEP DIVE Shares of many U.S. semiconductor manufacturers and their suppliers have been hammered over the past week, as investors have learned about the potential effects of President Trump’s trade war with China. But a high level
Shares of Advanced Micro Devices Inc. broke a five-day losing streak on Monday, rising 5% after an RBC Capital Markets analyst initiated coverage of the stock with a bullish rating. RBC’s Mitch Steves joined a growing chorus of optimistic analysts who see room for AMD (AMD) to gain share in the server business and capitalize on demand for gaming products. AMD has a rocky past in the server business, and it has most recently struggled to compete against Intel Corp. (INTC) As Intel undergoes stumbles of its own and as AMD executes on its strategy, Steves sees AMD capturing a more sizable piece of the server market.
Sirius XM Holdings Inc.’s $3.5 billion deal to acquire Pandora Media Inc. struck a wrong note with investors. Sirius suffered its worst stock plunge in more than seven years on Monday after the satellite-radio broadcaster announced the acquisition, which would put the company in more direct competition with Spotify Technology SA. On a conference call with analysts, Pandora and Sirius offered little detail about how they would work together after the merger.
The company’s latest issue involves GE Power, a division that has already had a series of operational setbacks. Although I do not think this problem will prevent GE stock from eventually rebounding, it could further delay the turnaround of GE Power. The customer, Exelon (NYSE:EXC), found what it described as an “oxidation issue” with the turbine’s fan blades at two Exelon plants in Texas.
Will turmoil in D.C. derail the rally. Just how bad can the chaos in D.C. get? With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Guy Adami.
Like most everything else these days, medical technology stocks have reached their highest valuations in decades. The med-tech sector is the year’s next strongest gainer. In a recent meditation on med-tech valuations, the analysts at Canaccord Genuity Group attribute med tech’s outperformance to revenue growth, merger activity, and the defensive character of health-care stocks when economic expansions slow.
When the Navarin, an oil supertanker carrying 2 million barrels of Middle East crude, docks at the Malaysian port of Pengerang on Monday, the arrival will signal the start of a torrid time for Asia’s oil market. The extra demand comes just as physical oil supplies are made scarcer by U.S. sanctions on Iran. Supplying the new refineries, and their impact on the wider oil market, will be one of the topics of conversation at the annual Asia Pacific Petroleum Conference in Singapore, where hundreds of oil traders from across the region will gather to strike deals this week.
Today’s question is about how last year’s tax reform will affect an old tax deduction: the extra personal exemption we all get when we turn 65. For more information on this topic, check out “Beware These 10 Common and Costly Tax Mistakes” and “How Not to Blow Your Tax Refund.” You can also go to the search at the top of this page, put in the words “taxes” and find plenty of information on just about everything relating to this topic. Hello, everyone, and welcome to your “2-Minute Money Manager.” I’m your host, Stacy Johnson, and this question’s brought to you by MoneyTalksNews.com, serving up the best in personal finance news and advice since 1991.
As you can see from the accompanying chart, the stock market historically has experienced well-above-average volatility in October. The difference is quite significant, as judged by a measure of volatility known as the standard deviation: For all Octobers since 1896, when the Dow Jones Industrial Average (DJIA) was created, the standard deviation of the Dow’s daily changes has been 1.44%.
There's a flood of pot IPOs coming to market. Will competition begin to hit pot stocks? With CNBC's Leslie Picker and Melissa Lee, and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Guy Adami.
Facebook is being sued by a former content moderator in a lawsuit seeking class action status. The moderator alleges she experienced PTSD because of her job and that Facebook failed to provide a safe working environment. Content moderators are tasked with policing illegal and unsavory content online, and can be exposed to child abuse imagery, graphic violence, and other dark material.
In many respects, the top tobacco stocks defy logic. The Surgeon General’s Office released their report warning about the dangers of tobacco in 1964. Despite a sustained anti-smoking crusade, tobacco stocks continued marching higher.
Shares of Disney DIS and Netflix NFLX surged Monday for completely different reasons. Disney saw its stock price jump nearly 2% Monday after Comcast CMCSA officially outbid 21st Century Fox FOXA to take control of European pay-TV titian Sky SKYAY PLC. Comcast offered $22.59 a share—valued at $38.8 billion—which marked over a 40% premium to the cable and internet power’s February offer. Comcast saw its stock price plummet Monday following the weekend auction conducted by UK regulators.
This move outpaced the S&P 500's daily loss of 0.35%. Heading into today, shares of the online retailer had gained 0.64% over the past month, lagging the Retail-Wholesale sector's gain of 0.72% and the S&P 500's gain of 2.47% in that time. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $56.92 billion, up 30.12% from the year-ago period.
The hedge fund owned by Sears CEO Eddie Lampert has proposed restructuring the department store chain's debt. ESL wants to reduce Sears' debt by nearly 80 percent to about $1.2 billion. Sears SHLD CEO Eddie Lampert is making his biggest push yet to avoid bankruptcy, with the company running out of time as a large debt payment hangs over its head next month.
If you didn’t know any better, you would call Facebook (NASDAQ:FB) stock a bargain. As of this morning, Facebook stock was trading for about $164 per share. That means investors are paying a little over 25 times earnings for a company that’s growing 40
Shares of Amarin Corp. (amrn) rocketed nearly four-fold, soaring 286% in premarket trade Monday, after the company said its cholesterol treatment met its primary endpoint of risk reduction. The company said Vascepa LDL-C treatment was also well tolerated. "Cardiovascular disease is the #1 killer of men and women worldwide1 and the REDUCE-IT trial results could lead to a new paradigm in treatment for the millions of patients in Canada currently at risk for this disease," said Greg Gubitz, chief executive of HLS Therapeutics Inc. (ca:hls) which has an agreement to commercialize Vascepa.
Libby Leffler, a former Facebook executive and Google employee, is now the vice president of membership at SoFi. Leffler initially turned down the opportunity to work at Facebook when the company approached her in 2008. In 2008, Libby Leffler was offered a job at Facebook.
The shares of this Ireland-based biopharma are "en fuego" after the company released positive top-line data from a Phase 3 trial called REDUCE-IT (Reduction of Cardiovascular Events Outcomes) Monday morning. This study is aimed at using Vascepa for individuals with high triglycerides with mixed dyslipidemia and would increase Vascepa's potential customer base substantially if approved, which now seems likely based on trial results. Vascepa is a prescription-only omega-3 fatty acid capsule.
Analyst Mark Lipacis, who rates the Santa Clara-based semiconductor manufacturer at buy, attributed his upbeat outlook on Intel Corp.'s ( INTC) struggle to ramp up production for its next-generation 10-nanometer processor.