- Zacks•16 hours ago
What's in Store for Advanced Micro (AMD) in Q3 Earnings?
Advanced Micro Devices Inc. AMD is set to report third-quarter 2017 results on Oct 24. Notably, the company has a positive record of earnings surprises in the trailing four quarters, with an average surprise of 35%.In the last quarter, the company reported
The Street•19 hours agoThe Top 10 Cities for Amazon's Second Headquarters
As the race heats up and cities state their cases to house Amazon.com's (AMZN) second headquarters, Moody's Analytics has some suggestions for the e-commerce giant. The firm presented Amazon with 10 cities where the new headquarters, which has the potential for 50,000 well-paying jobs and a $5 billion investment, should be located. The results were based on five "broad" categories; business environment, human capital, cost, quality of life, and transportation. A sixth criterion, geography, was also considered to "rank cities based on regional and geographic factors that Amazon might be taking into account," Moody's Analytics noted. The bidding for Amazon's second headquarters closed on Thursday,
- barrons.com•16 hours ago
Costco: 5 Reasons to Load Up
Costco (COST) is higher Friday, helped in part by a bullish note from Oppenheimer. Analyst Brian Nagel and David Bellinger reiterated an Outperform rating and $185 price target on Costco, following a meeting with a senior management yesterday at the company's Washington headquarters. Nagel and Bellinger had five main takeaways from the meetings, which reinforced their bullish thesis on the shares and make them think that worries about the threats of ecommerce are overblown. From the note: 1) Management indicates clearly that the company is pleased with results lately and views strengthening sales as a function of a culmination of factors, including new merchandising initiatives and price investments;
The Street•16 hours agoSears' Grim Fate Seems Nearly Inevitable
The games seem to be ending for Sears Holdings (SHLD) . Because of CEO Eddie Lampert's big position in the stock and his ability (via his hedge fund) to finance, loan and pull out almost every stop in the book, Sears had been prone to sharp rallies. This is despite the growing short-interest betting against its demise. Well, that demise has certainly gained momentum. Shares hit new 52-week lows earlier this week, bottoming out at $5.48 before rallying back to $6. Can it continue to stay afloat? Only for so long. With or without the powerful force of e-commerce, Sears was struggling. Its Canadian operations are all but shot, K-Mart was desolate. The company sold off strong brands like Craftsman
- Zacks•17 hours ago
GE Badly Misses Q3 Earnings, Lowers View & Defers Dividend
Industrial goods manufacturer General Electric Company GE reported relatively lackluster third-quarter 2017 results and badly missed earnings estimate despite top-line growth. GAAP net earnings from continuing operations for the reported quarter were
Business Insider•2 days agoWall Street banks are starting to sound the alarm on a stock-market correction
Bank of America Merrill Lynch is the latest Wall Street firm to issue a warning about a stock-market correction. BAML joins Morgan Stanley in the ranks of big firms that have sounded the alarm this week. The most recent firm to sound the alarm is Bank of America Merrill Lynch, which forecasts a pullback of at least 10% — the historical definition of a correction — by Valentine's Day.
- CNBC Videos•18 hours ago
IRS to block, suspend tax returns that lack Obamacare dis...
The IRS said it will not accept electronic tax returns, and will suspend paper returns, that do not disclose whether the filer had health insurance coverage during the year.
- CNBC•13 hours ago
A top Microsoft HR exec says you should apply to jobs in these 2 industries
Companies like Microsoft (MSFT) are working hard to secure top talent for new roles . Cloud computing and artificial intelligence, says Chuck Edward, Microsoft's head of global talent acquisition, in an interview with CNBC Make It . You can work in consultative sales, data science and analytics to help customers or nab a job marketing cloud computing, he explains.
- Zacks•17 hours ago
FuelCell Energy to Supply 7.4MW Clean Power to U.S. Navy
FuelCell Energy Inc. FCEL announced that it has entered into a power purchase agreement with the Connecticut Municipal Electric Energy Cooperative for the long-term supply of power to the U.S. Navy Submarine Base in Groton, CT.This power project will
- barrons.com•16 hours ago
Tesla: A $170 Stock?
Tesla (TSLA) is falling Friday, hurt in part by a skeptical Cowen & Co. Analyst Jeffrey Osboure and his team reiterated an Underperform rating and $170 price target on the stock today, writing that even the "true long believers" will lose patience with the bottlenecks in the Model 3 ramp by 2018, which are compounded by the company's capital needs. Indeed, Osbourne thinks that Tesla will run through even more cash as its new Gigafactories are announced in the coming months in Europe and China, exacerbating the issue. Ultimately, he warns that he has "more questions than answers" as the Model 3 rollout continues, and that Tesla's "vagueness," along with a lack of disclosure from management about
Reuters•12 hours agoTop oilfield services firms signal fourth-quarter uncertainty
By Nivedita Bhattacharjee and Yashaswini Swamynathan (Reuters) - The world's top two oilfield service firms on Friday warned slower producer spending and weakness in offshore exploration may weigh on current-quarter earnings, but said activity could improve
- Zacks•17 hours ago
Corning's (GLW) Q3 Earnings to Gain From Strong Fiber Demand
Corning Inc GLW is set to release third-quarter 2017 results on Oct 24. Notably, the Gorilla Glass maker has a positive record of earnings surprises in each of the trailing four quarters, with an average surprise of 10.15%. In the last quarter, Corning delivered a positive earnings surprise of 5%.
Associated Press•2 days agoTrump's health subsidy shutdown could lead to free insurance
If President Donald Trump prevails in shutting down a major "Obamacare" health insurance subsidy, it would have the unintended consequence of making free basic coverage available to more people, and making upper-tier plans more affordable. The unexpected assessment comes from consultants, policy experts, and state officials, who are trying to discern the potential fallout from a Washington health care debate that's becoming even more complicated and volatile. It's because another subsidy that's part of the health law would go up for people with low-to-moderate incomes, offsetting Trump's move.
- Zacks•17 hours ago
Charter Communications to Enter Wireless Market in 2018
Charter Communications Inc. CHTR recently announced that the company will foray into the wireless market in 2018. Notably, the company has an agreement with U.S. telecom behemoth Verizon Communications Inc. VZ to operate as an MVNO (mobile virtual network
The Street•yesterdayIt's Time for a New Broom to Sweep Clean General Electric, Jim Cramer Says
It's time for change at General Electric (GE) , according to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer. "GE, right now, reflects a 15 cent cut in the quarterly dividend," Cramer said, referring to investors' fears that GE may reduce its dividend in an effort to turnaround the company. Earlier this month, GE announced the departures of a host of executives, including its chief financial officer and vice chairman. Activist investor Ed Garden of Trian Partners was added to the company's board this month. The company reports quarterly earnings on Friday. GE is the worst performing Dow stock so far this year, with shares down 26.6%, compared to the S&P 500's 14.2% gain.
- CNBC Videos•2 days ago
China's central bank just warned of a sudden collapse in ...
China's central bank has said it should prevent accumulation of risk from excessive optimism.
- Financial Industry Regulatory Authority•2 days ago
Saving for Retirement—How’s That Working Out for You?
There is no better time than National Save for Retirement Week (October 16 - 21) to start saving in earnest, to keep on growing your nest egg or to make some positive adjustments to your existing retirement savings game plan. Here are 5 solid tips to make retirement saving work out for you. A 22-year-old who saves $200 a month—just about $50 a week—at a 6 percent annual rate of return will have more than $76,000 saved towards retirement at age 40.
- Bloomberg•2 days ago
Buckle Up Stock Investors It's Gonna Be a Bumpy Ride, BofA Warns
Strategists at Bank of America Merrill Lynch warned in a note late Wednesday that a hiccup in corporate profits would be enough to push the S&P 500 Index down by more than 10 percent before Valentine’s Day, although they remain bullish on equities over the longer-term.
- barrons.com•12 hours ago
Allergan: A Splitting Headache?
Another analyst is weighing in on the growing guesswork regarding the likelihood that Allergan (AGN) could be heading for a break up. Allergan is appealing the decision, though the outcome of such a move is far from certain. Meanwhile, several analysts warn that a cheaper-priced generic version of Restasis could hit the U.S. market next year, eroding sales of Allergan’s second-biggest selling drug and creating a $1.5 billion revenue hole. In our analysis, we split Allergan into two parts: (a) durable largely cash-pay aesthetics portfolio consisting of the entire Botox franchise as well as Allergan’s broader aesthetics business as well as (b) a traditional Rx business with a mix of in-market assets, pending patent expirations and new launch opportunities.
Reuters•14 hours agoGillette weakens P&G report after Peltz row
Procter & Gamble Co disappointed Wall Street with sales on Friday, hurt by continuing weakness in its Gillette business, a week after it claimed to have fought off hedge-fund manager Nelson Peltz's move to muscle onto the board. P&G, which spent millions battling Peltz's charges of bureaucratic and ineffective management, reported higher sales of beauty and home care products. Net sales in the firm's first quarter results rose just 1 percent to $16.65 billion, missing analysts' expectations of $16.69 billion and driving shares 3.5 percent lower in afternoon trading in New York.
- WSJ•16 hours ago
Why Retirees Should at Least Consider a Financial Adviser
Even those who think they have their retirement planning in hand can use someone to keep them from making a costly mistake.
Business Insider•2 days agoThe stock market is finally falling — and Apple is to blame (AAPL)
Stocks dropped on Thursday, with both the S&P 500 and Nasdaq 100 on pace for their biggest losses since late September. At the root of the selling was weakness in Apple, which dropped as much as 2.8% on a report that orders for the recently-launched iPhone 8 have been cut for the rest of the year amid lukewarm interest. Since Apple is the most heavily weighted component in the benchmark index, any sharp fluctuation in the company's stock can have an outsized impact.
- Zacks•14 hours ago
What's in Store for Realty Income (O) This Earnings Season?
Realty Income Corp. O is scheduled to report third-quarter 2017 results after the market closes on Oct 25. Last quarter, this monthly dividend paying real estate investment trust (REIT) delivered an in-line performance, in terms of funds from operations (FFO) per share. The Zacks Consensus Estimate for third-quarter FFO per share is currently pegged at 76 cents.
Reuters•11 hours agoGE vows $20 billion asset sales, 'sweeping change' as profit falls
General Electric Co's (GE.N) new chief executive vowed on Friday to shed more than $20 billion worth of assets and hold executives accountable for failing to deliver profits after what he called "horrible" results in the third quarter. GE badly missed Wall Street expectations and slashed its full-year forecast, sending shares down as much as 6 percent early in the day. Investors are pushing for big change after more than a decade of frustration at poor returns from the 125-year-old maker of power plants, jet engines, medical devices and other industrial equipment.
- Investopedia•2 days ago
Why Traditional Retirement Is Dead
Is retirement dead? Before you start worrying too much, the fact that we think retirement as we know it is a thing of the past isn’t necessarily a bad thing. To understand that, just consider where the traditional idea of retirement came from in the first place.
