The Blackstone Group L.P. BX has lately been witnessing downward revisions. The Zacks Consensus Estimate for earnings of $2.75 for 2017 declined 1.1% over the last 60 days. The stock carries a Zacks Rank #3 (Hold) with an unimpressive Growth Score of F. Our research shows that stocks with a Growth Score of A or B when combined with a Zacks Rank #1 (Strong Buy) or 2 (Buy) offer the best upside potential.
It has been about a month since the last earnings report for Advanced Micro Devices, Inc. AMD. Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. AMD reported non-GAAP earnings of 10 cents per share compared with 3 cents per share in the year-ago quarter.
Per a recent FierceTelecom report, Verizon Communications Inc VZ has come up with a range of wireline and wireless offers for Thanksgiving shoppers.Currently, Verizon carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank
The benchmark S&P 500 and the blue-chip Dow Jones industrials posted weekly gains for the first time in three weeks while the Nasdaq Composite posted its best weekly performance since the week to Sept. 1. The stock markets closed early on Black Friday, a day after Thanksgiving, the start of the holiday shopping season that accounts for as much as 40 percent of retailers' annual sales. Adobe said Black Friday online sales were up 18.4 percent at $640 million as of 10 a.m. ET and would rise to a record of $5 billion.
Shares of Qualcomm (QCOM) are up 54 cents, or 0.8%, at $68.67, and Broadcom (AVGO) is up $4.08, or 1.5%, at $279.45, as the maneuvering apparently continues in their M&A battle, according to a report by The New York Post’s Josh Kosman yesterday saying Broadcom “has looked to scuttle” Qualcomm’s existing offer to purchase NXP Semiconductors (NXPI). Given that many believe the NXP buy is pivotal for Qualcomm, Bernstein’s Stacy Rasgon today opines that Broadcom has left Qualcomm management with three not so good options. The Post story says Broadcom is considering raising its bid for Qualcomm, which was rejected two weeks ago by Qualcomm management, to $77 from $70. But a condition would appear
On Nov 29, Zacks Investment Research upgraded Hormel Foods Corporation HRL to a Zacks Rank #2 (Buy) from a Zacks Rank #3 (Hold). We perceive that the upside is primarily stemmed by the company’s robust fourth-quarter fiscal 2017 results. Going by the
Amazon.com founder and CEO Jeff Bezos' net worth has hit $100 billion. Retail stocks have surged after strong Black Friday sales figures, pushing Amazon stock to record highs and adding $1.7 billion to Bezos' fortune. Jeff Bezos, the world's richest person, has a net worth of $100 billion after Black Friday buzz sent Amazon stock soaring to record highs.
Today is Black Friday, of course — the day retailers traditionally turn a profit on their ledgers, switching from red ink to black. Stock market participants will be paying extra attention to how companies like Walmart WMT and Tiffany’s TIF perform in their fiscal fourth quarters, especially as Amazon’s AMZN online juggernaut continues relatively unabated. Can companies like Macy’s M beat back Amazon’s extensive stock and ease of delivery?
It’s the most valuable company in the world with a market cap nearing $1 trillion, its stock soared more than 50% in 2017 and it turned in blockbuster earnings for its fiscal fourth quarter. But that still wasn’t impressive enough for some hedge funds. Apple Inc. AAPL, +1.05% for all its brand power and the x-factor of its iPhones, failed to make the top 5 stocks popular with hedge funds, according to Goldman Sachs, in a report Wednesday. It came in at number seven, between Time Warner Inc. TWX, +0.50% and Bank of America Corp. BAC, -0.26% Hedge funds have made a killing by investing heavily in the information technology sector so far in this year, with returns of 10%, posting their best year
Jim Cramer watches for one chart pattern that can tell you a stock is ready to skyrocket.
Yum! Brands, Inc. YUM remains on track to achieve its target announced under the three-year strategic transformation plan, following the separation of the company’s China division. Notably, the company’s transformation and growth strategy involves greater focus on the development of its three iconic global brands — KFC, Pizza Hut and Taco Bell, increasing its franchise ownership and creating a leaner, more efficient cost structure. Currently, Yum! Brands owns, operates and franchises over 44,000 restaurants in more than 135 countries and territories.
Nov.23 -- S&P Global Chief Economist Asia-Pacific Paul Gruenwald discusses China's economy and talks about the country's credit data. He speaks on "Bloomberg Daybreak: Asia."
“We informed SoftBank that we were investigating a data breach, consistent with our duty to disclose to a potential investor, even though our information at the time was preliminary and incomplete," Uber said in a statement. "We also made clear that our forensic investigation was ongoing," Uber said. "Once our internal inquiry concluded and we had a more complete understanding of the facts, we disclosed to regulators and our customers in a very public way.” Uber described its early discussion with SoftBank when asked to comment on a Thursday Wall Street Journal report on the disclosure, which the newspaper said occurred about three weeks ago. The Wall Street Journal also said that more than two months elapsed between the time Uber Chief Executive Dara Khosrowshahi learned of the breach and this week's disclosure, citing unnamed sources familiar with the matter.
General Dynamics Corp.’s GD business division, Ordnance and Tactical Systems secured a contract worth $14.7 million for supplying machine gun barrels. Per the three-year contract with no option periods, the machine gun barrels will be used by the U.S. Army. It will be executed in Vermont and will utilize Army working capital funds of fiscal 2018 through 2021.
BlackBerry Limited BB recently announced partnership with Fujisoft Incorporated and Hitachi Industry & Control Solutions, Ltd. to expand the embedded software design and delivery.The companies have joined BlackBerry’s previously announced Value-Added
Sean Gallup/Getty Images Shares of Amazon hit an all-time high of $1172.25 Friday morning. The Black Friday shopping day is key for both physical and digital retailers, with shoppers planning to spend 51% of their holiday shopping budget online, compared
Black Friday usually offers a galore of shopping deals but Cyber Monday is likely to be more tempting. Bargain hunters are expected to take to the Internet on Cyber Monday (Nov 27), which is anticipated to be the busiest online shopping day in history. According to a recent survey by National Retail Federation, as many as 78 million Americans, representing 48% of consumers, prefer shopping on Cyber Monday.
Analysts gave differing outlooks for U.S. shale output in a briefing to officials from the Organization of Petroleum Exporting Countries, stoking concern ahead of OPEC’s planned meeting on Nov. 30, according to people with knowledge of the discussions. The analysts included Andy Hall, the veteran crude trader who closed his hedge fund this year, said the people, who asked not to be identified because the briefing was private. The duration of any extension in output limits will depend partly on estimates of future supplies of U.S. shale and other competing crudes. OPEC and allied producers including Russia are to gather next week in Vienna to assess oil markets and decide whether to extend their historic cuts beyond March.
Per a Reuters report, Apple Inc. AAPL scientists Yin Zhou and Oncel Tuzel presented a research report on autonomous vehicles to online journal, arXiv on Nov 17. The paper talks briefly about a technology that in spite of using fewer sensors will enable self-driving cars to better detect cyclists and pedestrians. The new technology "VoxelNet" as proposed by the company’s scientists relies only on Light Imaging, Detection And Ranging (LiDAR) data to detect three dimensional objects on road.
HONG KONG (AP) — Asian stock markets were mostly lower Friday with investors finding little guidance with Wall Street closed for the Thanksgiving holiday and Chinese markets in focus after a big sell-off the previous day.KEEPING SCORE: Japanese shares
Growth Projections: The stock has seen the Zacks Consensus Estimate for current-year earnings per share being pegged at $10.38 and at $11.30 for 2018. Northbound Estimates: The stock has seen the Zacks Consensus Estimate for current-year earnings being revised 2.6% upward and for 2018, moved 0.7% north over the last 30 days. Price Outperformance: Shares of Prudential have gained 3.2% quarter to date, outperforming the industry’s rise of 2.3%.
The market value of Chinese companies listed outside China is sneaky large, something that American billionaire Mark Cuban hinted at in a tweet aimed at President Donald Trump. Chinese companies with their primary equity listings in Hong Kong and not traded on the mainland have a combined market value of more than $2 trillion, data compiled by Bloomberg show. That includes market cap leader Tencent Holdings Ltd. The biggest 130 companies with a primary listing in the U.S., such as Alibaba Group Holding Ltd., Baidu Inc. and JD.com Inc., add about $900 billion. That’s about parity with Brazil’s equity market capitalization. Alibaba, based in Hangzhou and listed in New York, was Cuban’s case in
Amazon forked out $13.7 billion for Whole Foods to build its position in the grocery supply chain, leverage Whole Foods’ 434 retail outlets for delivering an omnichannel experience and tap the growing number of people doing their grocery shopping online. About 12% of grocery shoppers used online channels in 2016, but with millennials beginning to build their families, this percentage is on the rise. Moreover, Amazon really knows its customers on the basis of the tons of data it has accumulated about its patrons over the years.
and Tencent, have each more than doubled. While some of the run-ups feel a little stretched -- particularly, Amazon, Netflix, Alibaba and Tencent's -- we're still generally well-removed from the nosebleed levels of the Dot.com bubble, and until events happen that lead investors to seriously question their sales and profit expectations for these companies, the odds of a giant selloff happening don't feel especially high.
Saudi Arabia’s status as the biggest oil supplier to China has been usurped by Russia. OPEC’s biggest producer is now trying to regain ground in the world’s largest crude importer. State-run Saudi Arabian Oil Co., known as Aramco, is in supply talks with petrochemical conglomerates that are building some of the world’s biggest plants in China, said Mushabab Al-Qahtani, vice president of the marketing department at its Asia unit, without identifying the firms. He also sees the country expanding imports of sulfurous sour crude -- the type typically pumped by the Middle East nation. Firms currently forging facilities include Rongsheng Petrochemical Co., which is building a $24 billion refinery in