- Zacks•3 hours ago
Juniper Networks (JNPR) Q3 Earnings and Revenues Surpass Estimates
Juniper Networks (JNPR) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.44 per share. This quarterly report represents an earnings surprise of 22.73%. Juniper, which belongs to the Zacks Wireless Equipment industry, posted revenues of $1.18 billion for the quarter ended September 2018, surpassing the Zacks Consensus Estimate by 0.50%.
- InvestorPlace•6 hours ago
Buying a Cybersecurity Firm Could Be the Golden Ticket for Facebook Stock
Once a leader in the widely followed FANG group, social media giant Facebook (NASDAQ:FB) has fallen on tough times recently, causing Facebook stock to become the group’s laggard. Facebook stock has been weighed down by fundamental headwinds recently. In other words, Facebook stock has been a loser.
- Bloomberg•10 hours ago
Companies Say They're Ready to Move Supply Chains From China
U.S. President Donald Trump imposed a 10 percent tariff on $200 billion of Chinese imports in September -- following an earlier round of tariffs on $50 billion of goods -- and promised to raise the duty to 25 percent in January. "We’re pro-actively taking action," Todd Bluedorn, chief executive officer of the Texas-based HVAC company, told analysts during an Oct. 22 earnings call.
- CNBC Videos•yesterday
Investors are moving away from companies with a lot of ex...
Traders Joe Terranova, Steve Weiss, Josh Brown and Jim Lebenthal are joined by Ali McCartney, managing director with UBS Private Wealth Management, to discuss whether the market rally will continue or if they believe a bear market is on the way.
- InvestorPlace•11 hours ago
Advanced Micro Devices Stock Is Finally Ready for a Strong Comeback
During that stretch, I was bullish on AMD stock from $20 all the way to $30. Does that mean it’s time to buy back into AMD stock? Advanced Micro Devices stock has dropped a bunch over the past several weeks because Intel (NASDAQ:INTC) is reportedly gaining traction when it comes to volume production of next-gen chips.
- MarketWatch•12 hours ago
Suze Orman missed the point of retirement, and that’s why she went back to work
Suze Orman did a smackdown of the FIRE (Financial Independence/Retire Early) movement on Paula Pant’s podcast. Coach Carson posted a balanced, informative response, appreciating Suze’s admonition to be sure you have enough for a risk-free retirement. Suze enumerated a string “what can go wrong” scenarios as evidence that early retirement (on less than $10 million) leaves you vulnerable when life hands you lemons — a whole tree of lemons.
- CNBC•yesterday
Here's the tax bite on $1.6 billion Mega Millions and $620 million Powerball jackpots
Strategies can be employed to reduce the amount of your win that is taxed, although they are best explored with the help of an experienced tax advisor. While it's anyone's guess who will end up winning the Mega Millions and Powerball jackpots, there's at least one guaranteed recipient of a chunk of the loot — the IRS. With the Mega Millions jackpot at $1.6 billion and Powerball's top prize at $620 million, that tax bill will be hefty even if the winner employs strategies to reduce their taxable income.
- Yahoo Finance•14 hours ago
Caterpillar's Q3 beat expectations, shares tumble
A Caterpillar Inc. equipment is on display for sale at a retail site in San Diego, California, U.S., March 3, 2017. Global construction equipment giant Caterpillar (CAT) announced quarterly results that were a bit better than expected. Caterpillar’s construction industries business segment sales grew 16% to $5.7 billion.
InvestorPlace•9 hours agoBanks vs. Big Tech: 4 to Buy, 4 to Sell
Investors on Wall Street continue to contend with a choppy and uncertain trading environment, even among popular sectors like tech stocks. A growing chorus on Wall Street is sounding the alarm, with analysts at Morgan Stanley warning that the large-cap stocks in the S&P 500 are the only holdout from a “rolling bear market’ that has already savaged pretty much every other asset class, including small-cap stocks, high-yield bonds, and emerging market assets. The fact that the S&P 500 is once again below its 200-day moving average supports this thesis, weighed down by bank stocks.
- Business Insider•15 hours ago
One of the largest cannabis companies is going public on the New York Stock Exchange
Aurora Cannabis, one of the largest Canadian marijuana producers, is going public on the New York Stock Exchange. Aurora is joining a select list of Canadian cannabis producers, including Tilray and Cronos, that are able to list on US-based exchanges.
- MarketWatch•8 hours ago
Tesla stock skyrockets after legendary short seller goes long
Tesla Inc. stock rallied more than 9% Tuesday after famed short seller Citron Research turned long on it, saying that the Model 3 is “a proven hit” and that many of the “warning signs” about the Silicon Valley car maker have proven to be insignificant. Citron’s note comes after the Silicon Valley car maker announced late Monday that it will report third-quarter results on Wednesday, much sooner than anticipated. “Rumors of the Tesla killers have been as constant and unfounded as Bob Lutz’s call for Tesla’s bankruptcy,” Citron said, taking a jab at the former General Motors Co.
- CNBC•yesterday
Here's how much money you should have saved by 50
Fidelity, the nation's largest retirement-plan provider, recommends having the equivalent of six times your annual salary saved. To get to that number, Fidelity recommends saving 15 percent of your annual income. Make sure to invest these funds instead of leaving them in a traditional low-interest savings account.
- CNBC Videos•12 hours ago
Cramer: The mortgage rate is very high in this country
CNBC's 'Squawk on the Street' team discusses Jim Cramer's warning that more bad earnings are on their way.
Business Insider•15 hours agoThe stock market's 'dead cat bounce' is over and the rolling bear market is making a comeback, Morgan Stanley says
The stock market may have bounced back from its sharp sell-off at the beginning of October, but Morgan Stanley says the selling will pick back up soon. The firm expects the S&P 500 to slide back below the 200-day moving average, a key technical level. Tread carefully in tech and consumer discretionary, Morgan Stanley warns.
- CNBC•3 hours ago
The fear gauge and strong earnings tell Jim Cramer this bottom in the stock market may be real
The Cboe Volatility Index and strong earnings reports from key companies helped stocks recover intraday on Tuesday, CNBC's Jim Cramer says. The Cboe Volatility Index , also known as the stock market's fear gauge or the VIX, flashed a signal that could mean the market bottomed during Tuesday's turbulent trading session , CNBC's Jim Cramer said. Last week, the "Mad Money" host called on technician Mark Sebastian, who specializes in volatility, to get a read on the VIX , which measures expectations of near-term volatility by tracking S&P 500 option prices.
- Yahoo Finance•3 hours ago
Microsoft, Boeing, AMD — What you need to know in markets on Wednesday
Tuesday was another wild ride for investors. Futures were deep in the red early Tuesday and the Dow was off more than 500 points at its lows before markets staged a nice comeback throughout the session though markets never were able to re-take the flatline. The Dow was dragged down on Tuesday by shares of Caterpillar (CAT) and 3M (MMM) after disappointing results, though both stocks closed well of their lows of the session.
- Bloomberg•11 hours ago
Trump’s Tax Push to Help Middle Class Could Help Top Earners Too
It’s still unclear how Trump will propose to reduce the tax burden on middle-class Americans, but one of the most straightforward ways would be to lower rates by 10 percent for single filers making up to $82,500. U.S. income tax rates are graduated and income dollars get taxed in chunks as they move up through the brackets -- which means wealthy Americans would also get to apply the reduced rate on their first dollars of income. “A millionaire gets the same size tax cut,” said Kyle Pomerleau, an economist at the conservative Tax Foundation.
- InvestorPlace•yesterday
What You Need to Know About AT&T Stock Ahead of Earnings
AT&T (NYSE:T) reports earnings on Wednesday morning – and it looks like an important release. From a multi-year standpoint, AT&T stock has been a huge disappointment. T stock hasn’t moved in about six years.
- Zacks•3 hours ago
Tilray, Inc. (TLRY) Dips More Than Broader Markets: What You Should Know
Any recent changes to analyst estimates for TLRY should also be noted by investors. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Research indicates that these estimate revisions are directly correlated with near-term share price momentum.
- Barrons.com•8 hours ago
Micron Technology Is Under the Gun as Demand Outlook Worsens
The price of (MU) stock has fallen nearly 40% since the summer, but the upside has diminished as well, according to Susquehanna analyst Mehdi Hosseini. “Recent checks imply incremental weakness in Cloud and Enterprise spending expectations” for the first half of 2019, Hosseini wrote on Tuesday. Hosseini lowered his price target for Micron to $45 from $75, implying upside of about 17% from the current level.
- MarketWatch•4 hours ago
S&P 500 closes down for fifth day as stocks retreat in wake of China selloff
U.S. stocks bounced off intraday lows and major indexes trimmed early losses Tuesday, but the S&P 500 still finished lower for a fifth session as a big drop in the Chinese market revived fresh questions about the global economy. The Dow Jones Industrial Average (DJIA) fell 125.98, or 0.5%, to 25,191.43 after being down more than 500 points earlier. (DJIA)On Monday, Dow industrials and the S&P 500 closed lower while the Nasdaq bucked the trend to edge higher.
- Zacks•13 hours ago
Marijuana Stocks Plummet to Record Low: What's Next?
Over the last few days, share prices of major marijuana stocks have plummeted to their worst in the trailing eight months. This free fall commenced following the legalization of marijuana for recreational use in Canada on Oct 17.Legalization Considered
- Fox Business•yesterday
Lottery jackpot winners face big IRS tab
The jackpots will be subject to federal withholding, which is an immediate 24 percent before the winner ever receives a cent. Some states also impose a withholding tax, Clarence G. Kehoe, CPA and partner at public accounting firm Anchin, Block & Anchin, told FOX Business. The IRS will also tax the winnings at the highest federal income bracket, which now sits at 37 percent for individuals with incomes in excess of $500,000. You would owe any difference left over between that tax rate (37 percent) and the federal withholding rate (24 percent) when you file your tax return at the end of the year, K. Eli Akhavan, partner and chair of the Private Client and Wealth Preservation Group at CKR Law, told FOX Business.
- MarketWatch•11 hours ago
Watch out for ‘dead cat bounce’ in stocks because there’s more pain ahead: Morgan Stanley’s Wilson
October is living up to its infamous reputation as a volatile month for stocks with major indexes down sharply and there is likely more pain ahead for investors, according to one prominent Wall Street analyst. The recent rebound “was a dead cat bounce,” said Michael Wilson, an equity strategist at Morgan Stanley, in a report. After eking out gains last week, the S&P 500 (SPX) is trading below the 200 DMA of 2,768 thus far this week as stocks remain under pressure with third-quarter earnings cycle picking up pace.
Bloomberg•7 hours agoBank of America Has Seen the Future: A U.S. Stock Roller Coaster
Bank of America Merrill Lynch’s equity and quant team say market signals from the ever-flattening yield curve are clear as day: stock markets are due to begin a new era of elevated price swings. “A flattening yield curve signaled a withdrawal of liquidity and over the last three cycles has preceded rising volatility by a few years,” the team, including Savita Subramanian, wrote in research this week. Bank of America’s call -- echoing others -- comes as investors scramble to judge whether the current turmoil in equity markets represents a blip or fundamental shift in regime.
