- Zacks•9 hours ago
Is Celgene (CELG) Poised for a Beat This Earnings Season?
Celgene Corporation CELG is scheduled to report third-quarter 2017 results on Oct 26, before the opening bell. Celgene’s stock has moved up 6.1% year to date compared with the industry’s gain of 11.8%. Celgene has an excellent track record with the company beating earnings estimates in the last four trailing quarters.
- CNBC.com•yesterday
The US oil phenomenon that could help spark the 'tale of two markets'
Get ready for a 'tale of two markets,' says oil expect Tom Kloza 5:57 PM ET Thu, 19 Oct 2017 | 01:31 The United States has started doing something unprecedented when it comes to oil, and the impact is expected to grow into next year. Tom Kloza of the Oil Price Information Service is alluding to the U.S. ramping up exports. It follows the 40-year ban that was lifted two years ago. "The highlight you need to watch for the next few months is going to be more record breaking exports of crude oil. Our view is that it's going to soften the price for Brent," the firm's global head of energy analysis said recently on CNBC's "Futures Now." According to Kloza, it's possible the U.S. will export 15 million
Reuters•14 hours agoHalliburton warns of slower growth as U.S. rig count drops
The outlook suggests Halliburton's current-quarter might not be as strong as its latest quarter, echoing warnings on Friday from its two bigger rivals, Schlumberger NV and Baker Hughes . Halliburton's shares fell about 1.5 percent. Schlumberger was down 1.5 percent, while Baker Hughes fell 4 percent.
- barrons.com•12 hours ago
Apple: Relax, it’s Now a ‘Super-Long’ iPhone Cycle, Says RBC
Shares of Apple (AAPL) are down 31 cents at $155.94, despite an upbeat note this morning from RBC Capital’s Amit Daryanani, who writes that higher prices for the iPhone will offset lower sales volume for the device the next couple years. What had been thought to be a “super cycle” for the iPhone, writes Daryanani, is now a “super-long cycle” as sales stretch out into coming quarters. Daryanani has an Outperform rating on Apple shares, and an $180 price target, takes his cue from recent rumors of further delays in the forthcoming iPhone X — analysts at Mizuho wrote last week that delays in production could dent the outlook for this quarter when Apple reports earnings on November 2nd. A report
- Yahoo Finance•10 hours ago
Delta hiring 1,000 flight attendants, are you qualified?
Who hasn’t thought about becoming a flight attendant, at least once? Delta Air Lines (DAL) might give you that chance. On Monday, the Atlanta-based airline announced that they will hire 1,000 flight attendants for 2018.
- Investopedia•21 hours ago
Top 3 Retirement Savings Tips For 55- To 64-Year-Olds
Saving for retirement is a function that is often put on hold by those who feel they have sufficient time to start planning and saving later. While it is never too soon to start saving for retirement for any age group, those who fall within the age range of 55-64 are more acutely aware of its importance, as retirement is imminent. As such, age 55 to 64 is a critical period to get a realistic assessment of how financially prepared you are for retirement. 1. Assess Whether You're Financially Ready for Retirement Assessing your financial readiness will help you to determine whether you have a projected shortfall and whether you need to modify your retirement strategies, goals and objectives. To
- Zacks•17 hours ago
TXN, AMD and AKAM Q3 Earnings: Here Are the Key Predictions
Per the latest Earnings Trends (as of Oct 20), total earnings for these companies are up 9.4% from the prior-year quarter on 7.3% higher revenues, with 71.3% positive earnings surprises and 70.1% beating revenue estimates.Revenues for this cohort were up 4.4% sequentially. Texas Instruments TXN or TI is likely to beat third-quarter 2017 expectations as it has a favorable combination of a Zacks Rank #2 (Buy) and an Earnings ESP of 0.07%.
- Bloomberg Video•10 hours ago
Zaner's Seifried on Where Oil and Gold Prices Are Headed
Oct.23 -- In this segment of "Futures in Focus," Zaner's Ted Seifried discusses the outlook for oil and gold prices with Bloomberg's Mark Barton on "Bloomberg Markets" on Sept. 28.
Yahoo Finance•2 days agoCommodities are quietly booming
The moves in commodities such as aluminum, copper, and nickel, are “talking about the true global economy,” Jeffrey Sherman, DoubleLine Capital’s deputy CIO, tells Yahoo Finance in the video above. Recent hard economic data have confirmed that economies are booming in both developed and emerging markets. This has coincided with a rally in commodity price in the past four months.
- Bloomberg•22 hours ago
Nafta Deal Impasse Draws Yawn as Canada Stocks Near Record High
President Donald Trump’s threat to tear up the North American Free Trade Agreement is falling on deaf ears in Canadian markets. Magna International Inc. and other Canadian companies that rely on trade with the U.S. and Mexico are rising even as Trump attacks the “worst trade deal ever made” and negotiators exchange barbs over “troublesome” U.S. demands to overhaul the pact. Canadian stocks are on the cusp of a record high, while the loonie has gained 6.4 percent this year versus the U.S. dollar. Investors are looking past the bluster of the stalled trade talks, betting that either a deal will get done, or that a collapse won’t have the dramatic impact that some economists are predicting. “Sensible
- CNBC.com•17 hours ago
Dow snaps 6-day winning streak as GE posts biggest drop in 6 years
U.S. stocks fell from record levels on Monday as a decline in General Electric shares weighed on investor sentiment. Wall Street was also gearing up for the busiest week of the earnings season. The Dow Jones industrial average closed 54.67 points lower at 23,273.96, as General Electric shares fell 6.3 percent, marking their biggest one-day decline since August 2011. The company reported earnings on Friday which fell short of analysts' expectations as profits were undermined by restructuring and weak performance at its oil and gas businesses. Analysts also panicked on Monday over the possibility GE may have to cut its dividend. Morgan Stanley analyst Nigel Coe lowered his rating on GE to underweight
- barrons.com•9 hours ago
You Call That a Drop? Dow Slumps 55 Points, Suffers Worst Decline Since September
The major indexes broke some major winning streaks as profit taking set in following new highs last week. The S&P 500 fell 0.4% to 2564.98, while the Dow Jones Industrial Average declined 54.67 points, or 0.2%, to 23,273.96. The Nasdaq Composite dropped 0.6% to 6586.83. The Dow and the S&P 500 broke six-day winning streaks with today's decline. The Dow suffered its largest drop since Sept. 25 despite its measly decline, a sign of just how quiet this market has been, while the S&P 500's fall was its largest since Sept. 5. Today, the S&P 500 broke its record for most consecutive days without a 3% selloff. Instinet's Frank Cappelleri considers what happens when it finally does end: The SPX starts
- CNBC.com•14 hours ago
Steve Wynn reportedly delivered letter from Chinese government to Trump asking for man's deportation
Casino tycoon Steve Wynn may have played a central role in a U.S.-Chinese diplomatic episode strange enough that the Wall Street Journal wrote it was "worthy of a spy thriller." The billionaire CEO of Wynn Resorts, who maintains substantial holdings in the Chinese region of Macau, hand-delivered a letter to President Donald Trump written by the Chinese government, the Journal reported. The letter urged the president to return Guo Wengui, a Chinese businessman who fled the country in 2014 and is now seeking asylum in the United States. Wynn is the Republican National Committee finance chairman. The White House and Wynn did not respond to requests for comment from CNBC. Wynn resorts told the Journal
- Zacks•18 hours ago
AT&T vs. Sprint: Which Stock is Poised for Better Earnings?
U.S. telecom behemoth AT&T Inc T and U.S. national wireless carrier Sprint Corp S — two of the four major wireless carriers — are expected to release earnings results on Oct 24. While AT&T will report third-quarter 2017 results, after market close, Sprint is expected to release its second-quarter 2017 results. The company’s top line beat the Zacks Consensus Estimate, while the bottom line met the same.
- Associated Press•yesterday
Trial to begin against Philip Morris in smoker's death
A trial is set to begin in a lawsuit against Philip Morris in connection with the lung cancer death of a Connecticut woman who smoked the company's Marlboro cigarettes. The trial over Vernon resident Jeanette Bifolck's death in 2000 is scheduled to begin Monday in federal court in Bridgeport. Bifolck's husband, Vincent Bifolck, filed a wrongful death lawsuit in 2006 against Philip Morris, a subsidiary of Richmond, Virginia-based Altria Group Inc.
- CNBC Videos•20 hours ago
Prince Alwaleed Bin Talal: Saudi Arabia in midst of majo...
Prince Alwaleed Bin Talal, Kingdom Holding Company chairman speaks with CNBC's Andrew Ross Sorkin about global investing, Saudi Arabia's turnaround plan for the economy, implementing social change and Saudi Aramco's IPO.
- MarketWatch•15 hours ago
Here’s how bond traders are preparing for Trump’s Fed chief pick
President Donald Trump’s search for a new Federal Reserve chief is turning into a drawn-out affair. See: Is the Fed chair race more wide open than portrayed? Here’s what Mnuchin says For bond traders, it comes down to whether Trump will nominate someone who will drive the central bank road a more hawkish road or keep it on the dovish path maintained under Federal Reserve Chairwoman Janet Yellen, whose term ends in February. Treasury yields have ebbed and flowed as the hunt has thrown up a number of candidates including former Fed. Gov. Kevin Warsh, Fed. Gov. Jerome Powell, and Stanford economist John Taylor. And then there’s the possibility Trump could opt to reappoint Yellen. Read: Trump’s pick
Yahoo Finance•21 hours agoGoldman Sachs warns of 'peak growth,' falling stock prices in 3 to 6 months
The economy is growing at a healthy clip, which has helped propel the stock market to record highs. “Although economic data are extremely strong now, an ISM reading above 60 typically marks the peak of growth and presages economic and equity deceleration,” he said. An ISM above 60 is very strong, but is it signaling peak growth?
- MarketWatch•13 hours ago
And now Amazon sifts through 238 bids for HQ2 — is your state or province included?
Amazon.com Inc. confirmed Monday that it collected 238 proposals by last week’s deadline from cities vying to be home base for the e-commerce giant’s second headquarters, a figure well ahead of analyst speculation that the number of pursuers could be in the several dozens. Those bids spanned 54 states, provinces, districts and territories across North America, including hurricane-ravaged Puerto Rico, according to the company’s blog. Amazon AMZN, -1.14% repeated in the post its plans to invest over $5 billion in construction for what it calls “HQ2,” where it will offer as many as 50,000 mostly high-paying jobs. Analysts have tried to handicap major urban areas’s chances against smaller rivals
- CNBC.com•14 hours ago
China central bank chief raises new worry in China: Mortgage-driven household debt
China's central bank chief just warned about a potential bubble in China: Rising household debt. "Regarding household debt levels, China doesn't rank that high on a global scale, but the pace of growth has picked up in the last few years," People's Bank of China governor Zhou Xiaochuan said Thursday. He didn't expect any action should be taken immediately but said the debt levels should be monitored for quality and a steady pace of growth. His comments from the sidelines of the 19th National Communist Party Congress notably contrasted with the overall positive tone on China's economy from party officials. The bigger worry about China has been high levels of corporate and local government debt.
- Bloomberg•18 hours ago
A New Coal Subsidy Would Come at a High Price
In its determination to do whatever it takes to "save coal," the Trump administration has never let public health or the climate stand in the way. Now it wants to go one better. Its latest sacrifice to the cause is simple economic efficiency. To stop the recent spate of coal-fired electricity plant closures, Energy Secretary Rick Perry wants power markets to reward them for their "resilience" in the event of big storms or other natural disasters -- in effect, paying them enough to keep all coal plants open for the foreseeable future. Taken at face value, the idea is perplexing. The market already pays for this added reliability -- for example, through higher prices when supply tightens during
- Zacks•17 hours ago
Is Gilead (GILD) Poised for a Beat This Earnings Season?
A leader in the hepatitis C virus (HCV) space, Gilead Sciences Inc. GILD, is expected to beat expectations when it reports third-quarter results on Oct 26, after the market closes.Gilead’s track record is pretty mixed, with the company beating estimates
Business Insider•11 hours agoTrump's tax plan could give a bigger boost to foreign investors than America's middle class
The GOP tax reform plan has been sold as a cut for the middle class. A new study shows that foreign investors could end up benefitting much more from the tax cuts than America's middle class. The tax plan proposed by President Donald Trump and Republican leaders is touted as a "middle class tax cut" and Trump has repeatedly framed the policy as designed with the average American in mind.
- Zacks•16 hours ago
Is a Beat in Store for Bristol-Myers (BMY) in Q3 Earnings?
The company delivered positive earnings surprise in three of the last four quarters and missed expectations in one. The average positive earnings surprise in the last four quarters is 7.99%. In the last reported quarter, Bristol-Myers came up with a positive surprise of 1.37%.
- Bloomberg•21 hours ago
This Health Savings Account Triples Your Tax Breaks
There may soon be three more letters in your employer’s alphabet soup of benefit plans. Those letters are HSA, which stands for health savings account, and they can bring tax advantages at a time when you could use them the most. Financial planners get all googly-eyed when talking about these accounts, though not because they’re a way to save pre-tax money to pay current medical costs. Instead, they rave about them as a way to save money to use for future medical costs—after you’ve retired. The key to that appeal comes from three magic words: Triple tax-free. The number of HSA accounts grew 16 percent year over year as of June 30, surpassing 21 million, according to a survey by consulting firm Devenir.
