Jim Cramer, CNBC’s “Mad Money” host and a prominent fixture among market commentators, on Monday said the market is enduring “a very serious correction,” underscored by the fact that there are few fundamental reasons for the market’s current downtrend. During CNBC’s “Halftime Report,” Cramer said notable is a slump in shares of so-called FANG names — the highflying quartet of Facebook Inc. (FB) Amazon.com Inc. (AMZN) Netflix Inc. (NFLX)and Google parent Alphabet Inc. (GOOGL)(GOOG) that are among the most influential on Wall Street due to their massive market values and the degree by which investors have piled into those investments for hope of consistent growth. All of those companies are in a corrective phase, defined as a drop of at least 10% from a recent peak, and Netflix and Facebook shares have shed around a third of their values since hitting 52-week peaks.
The dramatic decline has left investors wondering about the worst-case scenario for the industrial icon. As new Chief Executive Officer Larry Culp tries his hand at a turnaround, the possibilities span everything from a prolonged fight for survival to a swift journey to the junkyard. Revenue growth and profit margins might suffer, but GE would have a shot at regaining a higher credit rating and reflating its dividend, winning back investors.
‘From a markets perspective, it’s going to be interesting. Paul Tudor Jones, a hedge-fund luminary, said he’s stress-testing his portfolio of corporate debt because he expects a tumultuous road ahead on the back of the Federal Reserve’s apparent commitment to normalizing interest rates and buttressed by corporate tax cuts from the Trump administration. Speaking at an economic forum in Greenwich, Conn., a hotbed for hedge funds, Jones said the Fed faces real challenges amid “the end of a 10-year run” of economic growth that many anticipate will soon come to a screeching, cyclical end.
Ray Dalio, Hedge Fund giant Bridgewater Associates, joins 'Squawk Box' to discuss markets, the Fed and interest rates.
Nvidia Corp. shares plunged in the extended session Thursday after the chipmaker’s earnings and outlook fell short of Wall Street estimates and a cratering in cryptocurrency sales helped build up an excess inventory of older gaming chips. Nvidia (NVDA) shares plunged 18% after hours, following a 2.6% rise to close the regular session at $202.39. Nvidia shares had already declined 21.9% in the past three months, as the PHLX Semiconductor Index (SOX) has declined 7.4% and the S&P 500 index (SPX) dropped 4.1%.
The sale marks another step in GE's planned $25 billion reduction in GE Capital assets, which were built up as the division financed sales of GE aircraft engines, locomotives, power plants and other products. GE Capital once supplied a large part of GE's profits, but the 2008 financial recession raised funding costs and nearly sank the entire company. GE's healthcare equipment unit makes medical scanners that can produce images of internal organs, bones and tissue.
As the death toll continues to climb from the wildfires raging across California and residents begin to try to rebuild, there’s a handful of lucky people who will not be faced with such a daunting task. The celebrity power couple called in private firefighters to save their $60 million home earlier this week. A number of insurance companies boast such services: AIG, for example, has what it calls a “Wildfire Protection Unit.” Others have a contract with a Montana-based company called Wildfire Defense Systems, which can dispatch private fire engines and firefighters to protect the homes of its clients in the case of a fire.
The Dow Jones Industrial Average swung to a firm gain Friday afternoon after President Donald Trump made upbeat remarks about the prospects of favorable developments between the U.S. and China on trade. During a pool spray at the White House, Trump said that the U.S. many not have to impose further tariffs on China, and that he doesn't want put "China in a bad position." The Dow (DJIA) rose 175 points, or 0.7%, at 25,463, the S&P 500 index (SPX) climbed 0.4% at 2,739.
When U.S. President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told Washington it would do so. "The Saudis are very angry at Trump.
Investors in JD.com, Inc. JD need to pay close attention to the stock based on moves in the options market lately. What is Implied Volatility? Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
A thorough review of GE’s 10-Q financial report still shows more questions than answers around the company, especially because GE Capital could face additional headwinds, analyst Joe Ritchie wrote in a note. GE investors are grappling with two key questions -- how big of an equity infusion GE Capital needs, and whether the Power unit business is close to a bottom. Goldman sees a chance that the equity infusion from GE to GE Capital might be larger than the $3 billion previously stated for 2019.
Advanced Micro Devices, Inc. AMD recently unveiled its new Radeon RX 590 graphics card. This launch is likely to provide AMD an edge against the likes of NVIDIA NVDA and Intel INTC.This card is ideal for gamers who require superior graphic performance
The safe harbor of cryptocurrency has eventually sunk under the volatility wave, which triggered a massive collapse of all crypto coins. During the peak of this decline, market capitalization has shrunk by $30 billion. During the last 24 hours, Bitcoin’s price has lost almost 13%, trading at around %5,500.
It’s not, and all we need to do is look at Micron Technologies (NASDAQ:MU) to realize it. MU stock has traded a low valuation for the last few years and yet, it was never a catalyst that pushed the stock higher. Of course, Micron stock has gone higher, but that’s only as the DRAM cycle held up better than many investors and analysts were expecting.
Sevens Report Founder Tom Essay on Berkshire Hathaway CEO Warren Buffett’s stock picks.
It’s time to stop lumping Netflix Inc. (NFLX) in with the other FAANG stocks, Imperial Capital analyst David Miller wrote in a note to investors Friday. The FAANG stocks are a quintet of large-capitalization technology and internet companies widely followed by investors, comprising Facebook Inc. (FB) Apple Inc. (AAPL) Amazon.com Inc. (AMZN) Netflix and Alphabet Inc.’s Google (GOOG) They’re often lumped together, but Miller says it’s time to “decouple” Netflix from the rest of FAANG.
A month has gone by since the last earnings report for Kinder Morgan (KMI). Will the recent negative trend continue leading up to its next earnings release, or is Kinder Morgan due for a breakout? 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 catalysts.
Nvidia (NVDA) reported a big miss on both the top and bottom lines for Q3 after market close on Thursday. The chipmaker earned $1.84 per share which was weaker than the $1.92 per share that was anticipated, according to analysts polled by Bloomberg. This
The hallmark of weak markets is that strength is sold and bounces fail. Instead of worrying that they will be left behind when the market rallies, investors look for opportunities to escape the stocks that have been causing them so much misery lately
INSIDE SCOOP Francisco D’Souza, CEO and vice chair of (CTSH) (CTSH), has just placed a half-million-dollar bet on (GE) (GE). D’Souza, who has been a GE director since February 2013, bought 60,000 GE shares for $499,200, or an average
Chip equipment giant Applied Materials was falling 4.1% on Friday reporting disappointing October quarter results and forward guidance. For the fiscal fourth quarter ended Oct. 28, the company posted revenue of $4.01 billion and GAAP EPS of $0.89,
Do you own Nvidia (NASDAQ:NVDA)? If you’ve held NVDA stock throughout 2018, you’re probably a very frustrated investor. Don’t get me wrong, on a calendar-year basis, I’d rather be a Nvidia shareholder — up 3.2% year to date through November 13 — than an owner of SNAP (NYSE:SNAP), which is down 47% and fading fast — but given the free cash flow growth it’s experiencing in 2018, it would be nice to see a little more upside.
“I believe that the market has over-corrected for GE’s many faults, and at the current stock price, that it is significantly undervalued,’’ Aswath Damodaran, a finance professor at New York University, said Wednesday in an analysis on his website.
The results prompted a slew of price-target cuts on Wall Street, with Goldman Sachs saying its bullish view had been “clearly wrong,” though many analysts maintained optimism about Nvidia’s longer-term growth prospects. Among notable decliners, Advanced Micro Devices Inc. fell as much as 8.2 percent and Marvell Technology Group dropped as much as 3.1 percent. Nvidia was just the latest in a series of disappointing forecasts from chipmakers, following bellwether names such as AMD and Texas Instruments Inc., which have together raised broad concerns about future demand for the technology sector.
The name nearly brings up the tail end of every earnings season. After Thursday's closing bell, traders, investors and spectators will wait on Nvidia to post their Q3 results. For today, Wall Street is looking for EPS of $1.71 on revenue of $3.24 billion.