- TheStreet.com•15 hours ago
Four Cheap 'Dividend Aristocrats' to Buy Now
"Dividend Aristocrats" are S&P 500 stocks that meet certain minimum size and liquidity requirements and have at least 25+years of consecutive dividend increases. Through its flagship Walgreens chain and certain joint ventures, the company has a presence in more than 25 countries and employs over 385,000 people. WBA's 42 years of consecutive dividend increases qualify it as a Dividend Aristocrat, and the company appears positioned to deliver $5.95 of adjusted earnings per share for fiscal 2018.
Business Insider•8 hours agoHousing affordability in America is its worst in nearly a decade, and there's one clear culprit
Housing affordability hit its worst level in nearly a decade during the first quarter, according to Attom Data Solutions. Attom measures affordability by comparing average wages to median home prices to determine the share of income people need to spend on housing. Prospective buyers needed to shell out more because mortgage rates rose.
- CNBC•5 hours ago
GE is said to close in on a $3B-plus deal to sell industrial engine unit to a private equity firm
General Electric is poised to sell off its industrial engine unit for at least $3 billion, The Wall Street Journal reported on Sunday. General Electric GE may sell a unit that manufactures industrial engines to a private equity firm, The Wall Street Journal reported on Sunday , as part of a wide ranging effort to revitalize the moribund manufacturing giant. The Journal, citing unnamed sources familiar with the matter, said GE could complete a transaction as soon as Monday that would be worth $3 billion or more.
- TheStreet.com•14 hours ago
These 5 Tech Giants Still Aren't That Expensive
Several tech giants still carry reasonable valuations -- at least after accounting for the impact of heavy near-term spending and/or business model transitions. Apple's revenue growth profile isn't as strong as that of some of the companies mentioned below -- the consensus is for Apple to see 14% revenue growth in fiscal 2018, but just 4% growth in fiscal 2019.
- MarketWatch•yesterday
My sister lent my father the down payment for his home and put her name on the mortgage — then he refinanced
She’s concerned her sister will end up carrying the can for the down paymentShe’s concerned her sister will end up carrying the can for the down paymentDear Moneyist,My sister lent our father the down payment to buy his home in Florida.Both their names
- Bloomberg•15 hours ago
China Won't Target U.S. Companies in Trade Dispute, SCMP Says
China has no plan to target U.S. companies operating in the nation amid escalating trade tensions, as that would run counter to Beijing’s goal of attracting foreign investments, South China Morning Post reported on Sunday, citing unidentified people. The policy makers sought to reassure foreign businesses in China amid fears that the Beijing government would retaliate for U.S. President Donald Trump’s proposed tariffs on Chinese goods by harassing American firms or depriving them of commercial opportunities, the Hong Kong-based newspaper reported, citing "two Chinese government sources." The option of targeting these business "has never been on the cards," according to one of the people. Goldman Sachs Group Inc. President David Solomon, United Parcel Service Inc. Chairman David Abney and Pfizer Inc. Chief Operating Officer Albert Bourla were among top executives at the meeting, according to the newspaper.
- CNBC•13 hours ago
For soon-to-be retirees, working a little while longer can pay off big time
Delaying retirement for just three to six months has the same impact as saving 1 percent more of your salary over 30 years. When it comes to retirement savings, many nest eggs fall short. The power of saving continues to decrease as workers approach retirement age, according to the working paper from the National Bureau of Economic Research .
- TheStreet.com•2 hours ago
Markets Look Confused After Latest Beating
After an initial mixed open, stock futures tumbled on Sunday evening. Markets were buoyed by actions Sunday from China's central bank to ease lending conditions. Despite years of carrying excessive leverage, China opened up the lending spigots once more on Sunday.
- MarketWatch•13 hours ago
Micron earnings prove the doubters wrong again
Opinion: Memory chip maker’s stock gains after it combats every doomsday scenario with results and forecastBloomberg News/Landov”The industry we operate within is structurally different than in the past,” Micron Chief Executive Sanjay Mehrotra said Wednesday. Micron Technology Inc. once again countered all the doubts surrounding its stock Wednesday, as executives forcefully contended that the current strength in memory markets is not just a cyclical upturn. Micron (MU) on Wednesday reported strong profit and sales gains with a forecast that showed confidence that demand for memory chips will continue, along with higher prices of those components.
- Bloomberg Video•1 hour ago
Shanghai Composite on the Edge of a Bear Market
Jun.24 -- The Shanghai Composite is teetering on the edge of a bear market as investors face the possibility of a U.S.-China trade war. Bloomberg's Divya Balji reports on "Bloomberg Markets: Asia."
Reuters•3 hours agoBrent oil prices drop by 2 percent as traders expect output rise after OPEC deal
Brent crude oil prices fell by more than 2 percent early on Monday as traders factored in an expected output increase that was agreed at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna on Friday. Brent crude futures , the international benchmark for oil prices, were at $73.90 per barrel at 0035 GMT, down 2.2 percent from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $68.36 a barrel, down 0.3 percent, supported by a slight drop in U.S. drilling activity.
- TheStreet.com•yesterday
How to Play Intel Stock After the CEO's Resignation
announced the immediate resignation of its CEO, Brian Krzanich, due to what the company described in a statement as a "past consensual relationship with an Intel employee." Shares of Intel, which closed at a 17-year high on June 1, responded by falling to a one-month low. Now that the stock is well off of its highs, is it time to step in and buy Intel? Note that Intel's 50-day moving average (green) and 200-day moving average (red) are still climbing, which confirms the bullish trend.
- Zacks•2 days ago
Should You Buy Caterpillar (CAT) Stock Right Now?
Shares of Caterpillar CAT closed up marginally on Friday, ending a streak of nearly two straight weeks of losses on the back of heightened trade war tensions between the U.S. and China. With that said, now might be the time for investors to consider buying Caterpillar stock based on its currently stellar valuation picture and strong growth prospects. Caterpillar has been one of the Dow’s worst performers during its recent downbeat stretch, which stands in stark contrast to its standing over the last few years.
- Fortune•14 hours ago
Where Autistic Workers Thrive
Social interaction and communication skills can be a challenge for people with autism spectrum disorder, but companies looking to hire untapped talent for tech-related jobs are discovering that those with autism are unusually detail-oriented, highly analytical, and able to focus intensely on tasks, making them valuable employees. Last October, six companies—Ford Motor, DXC Technology, EY, Microsoft, JPMorgan Chase, and SAP—formed the Autism at Work Employer Roundtable to share best hiring and workplace practices and to help other companies see the return on investment in hiring autistic employees. One of the first companies to seek out autistic talent was SAP, a multinational software company that began hiring autistic employees to do software testing.
Business Insider•2 days agoThis startup is letting anyone start their own ISP business so they can provide a better alternative to Comcast or AT&T
Necto, a startup which was recently accepted into Silicon Valley incubator Y Combinator, wants to make it easy for users to set up their own ISP. While the type of network Necto is using isn't anything new, the company has an different business model it hopes will set it apart. Necto provides network management resources to "operators," who invest up front for network infrastructure and recruit local customers to pay and sign up for the service.
- CNBC Videos•3 hours ago
China's weekend monetary policy moves were 'sensible': JP...
Nick Gartside of J.P. Morgan Asset Management says China's move to cut the cash reserve ratio for banks has supported demand for U.S. Treasurys and the dollar.
- Yahoo Finance•2 days ago
Paul Tudor Jones: Here's why the 1987 crash was an accident waiting to happen
Legendary hedge fund manager Paul Tudor Jones became famous after predicting the market crash of October 19, 1987, known as “Black Monday” when the Dow Jones dropped more than 22%. “The crash of ’87 was really interesting just because the crash of ’87 probably never would have happened except for, again, the market infrastructure at that point in time,” Jones said in a conversation with Goldman Sachs CEO Lloyd Blankfein as part of the firm’s “Talks at GS” series. Jones, 63, began his career at E.F. Hutton as a commodities trader in the cotton pits in 1976 before transitioning to macro trading and founding his hedge fund, Tudor Investment Corp in 1980.
- MarketWatch•yesterday
Here’s what could happen to Apple’s average selling prices in the next iPhone cycle
Apple Inc. has struggled to meet Wall Street’s expectations for iPhone units sales in recent quarters, but the company has surprised investors by getting consumers to pay ever more for its phones. The threat of a full-blown trade war isn’t having the impact on investor sentiment and stock prices that might be expected judging by double-digit gains for the Nasdaq and modest but positive returns for the S&P 500 so far this year.
- InvestorPlace•2 days ago
At This Point, Micron Stock Looks Pretty Much Unstoppable
Micron Technology Inc. (NASDAQ:MU) did it again. Strong earnings, and a stronger forecast from CEO Sanjay Mehotra, continued to power Micron stock upward, but bears won’t let it go past the fundamentals so the memory chip maker is still a buy. On June 20 Micron reported net income of $3.823 billion, $3.10 per share, on revenue of $7.8 billion for the quarter. This compares to earnings of $1.65 billion, $1.40 per share, and revenues of $5.56 billion a year ago.
Associated Press•14 hours agoEtihad to loan pilots to competing UAE airline Emirates
Long-haul airline Etihad Airways will loan pilots to competing Dubai-based carrier Emirates under a new program, officials acknowledged Sunday, marking a rare cooperation between the two state-owned carriers who operate only 115 kilometers (70 miles) apart. There's always been competition between Emirates, founded by Dubai's rulers in 1985, and Etihad, begun by Abu Dhabi's rulers in 2003. In a statement, Emirates described the move as "a common practice in our industry which gives airlines more flexibility in managing their pilot resources." The Dubai-based airline did not offer specifics on the program, nor say how many pilots from Etihad would be flying with the carrier.
Reuters•15 hours agoAs trade war looms, China cuts some banks' reserve requirements to boost lending
China's central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps), releasing $108 billion in liquidity, to accelerate the pace of debt-for-equity swaps and spur lending to smaller firms. The reserve reduction, the third by the central bank this year, had been widely anticipated by investors amid concerns over market liquidity and a potential economic drag from a trade dispute with the United States. Expectations of a cut had risen after the State Council, or cabinet, said on Wednesday monetary policy tools including targeted cuts in banks' reserve requirement ratios will be deployed to strengthen credit flows to small firms and keep economic growth in a reasonable range.
InvestorPlace•yesterdayRenewed Focus on Profitability Bodes Well for Tesla Stock
If we sidestep the dramatic sabotage acts going on at Tesla Inc (NASDAQ:TSLA) right now, we run into the company’s recent solar news. While Tesla stock has been stampeding higher, fueled by a short squeeze, many are still questioning the automaker’s underlying fundamentals. Earlier this month, CEO Elon Musk announced that the company will layoff approximately 9% of its workforce.
- Oilprice.com•5 hours ago
Gulf Of Mexico Production Expected To Hit Record High
Big Oil firms, the main operators in the Gulf of Mexico, have been cutting costs and simplifying designs to make offshore projects viable in the lower-for-longer oil price world. Chevron, Shell, and BP continue with their deepwater developments offshore Louisiana and Texas and have brought down breakeven costs to $40 a barrel or less—comparable with the breakevens at some shale formations onshore.
Reuters•yesterdayEU to respond to any U.S. auto tariff move - report
The European Union will respond to any U.S. move to raise tariffs on cars made in the bloc, a senior European Commission official said, the latest comments in an escalating trade row. U.S. President Donald Trump on Friday threatened to impose a 20 percent tariff on all imports of EU-assembled cars, a month after his administration launched an investigation into whether auto imports posed a national security threat. "If they decide to raise their import tariffs, we'll have no choice, again, but to react," EU Commission Vice President Jyrki Katainen told French newspaper Le Monde.
MarketWatch•yesterdayHow to outlast a job you hate until you can retire
Filling your mind with pleasing images of retirement — what you’ll do, where you’ll reside — can divert attention from the daily grind. Counting the days until retirement gets easier if you’re used to priming your brain to work to your advantage. Joanne Waldman is director of training at Retirement Options, which certifies retirement coaches and offers retirement readiness assessments.
