Some notable Facebook shareholders file (mostly symbolic) proposal to oust Mark Zuckerberg as chairman

Several major Facebook shareholders have submitted a proposal calling for CEO Mark Zuckerberg to step down as chairman of the company’s board. The filing is mainly symbolic, since Zuckerberg has almost total voting control, an arrangement that has earned the company's board structure comparisons to a "dictatorship.” The proposal is still noteworthy, however, because of the investors involved. The pension funds of New York City are joining activist shareholder Trillium Asset Management, which has wanted to remove Zuckerberg as Facebook's chairman since its disappointing second-quarter earnings report in July, as well as the state treasurers of Rhode Island, Illinois, and Pennsylvania.

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  At Facebook, public funds join push to remove Zuckerberg as chairman

  Reuters
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  Activist Investors Are Pushing for a New Facebook Chairman

  Motley Fool

A former GE exec who trained new managers found that almost all of them were making the same mistake

Beth Comstock is the former vice chair of General Electric. Comstock would hand out "permission slips" authorizing employees to take risks — but she also said it's important for people to stop hiding behind their excuses. Beth Comstock doesn't tolerate excuses.

Ken Langone: 'Who the hell in their right frame of mind would be buying bonds now?'

Billionaire investor and philanthropist Ken Langone, the founder of The Home Depot (HD) and chairman of Invemed Associates, argued that there’s some “big time” structural problems in the market right now. Because if we are on a trajectory of raising rates that means, and if it keeps going that way and I don’t know how high it will go, and it keeps going that way then all the sudden the guy who bought those bonds is going to be looking at a fairly decent loss,” Langone said.

Alibaba (BABA) Dips More Than Broader Markets: What You Should Know

Investors will be hoping for strength from BABA as it approaches its next earnings release, which is expected to be November 2, 2018. On that day, BABA is projected to report earnings of $1.16 per share, which would represent a year-over-year decline of 10.08%. Investors should also note any recent changes to analyst estimates for BABA.

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  Consolidated-Tomoka (CTO) Q3 Earnings Match Estimates

  Zacks
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  MGIC Investment (MTG) Beats Q3 Earnings and Revenue Estimates

  Zacks

Advanced Micro Devices (AMD) Q3 Earnings Preview: Here's What to Look Out For

Advanced Micro Devices (AMD) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2018. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 24, 2018, might help the stock move higher if these key numbers are better than expectations.

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  Alexion Pharmaceuticals (ALXN) Q3 Earnings Preview: What to Know Ahead of the Release

  Zacks
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  Atlantic Tele-Network (ATNI) Q3 Earnings Preview: What's in the Cards?

  Zacks

Steven Mnuchin, Who Sat on Sears' Board for Years, Could Impact the Pensions of Thousands of Workers

Long before he was Secretary of the Treasury, Steven Mnuchin was a student at Yale University. One of those was Eddie Lampert. Lampert, of course, is the recently departed CEO of Sears Holdings, which filed for Chapter 11 bankruptcy Monday.

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  Sansabelt, Tang and The Moody Blues: Washington Prime CEO on why Sears' bankruptcy was not a surprise

  American City Business Journals
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  These 3 Retailers Will Benefit From the Death of Sears

  Motley Fool

Tilray CEO says there could be a $100 billion pot stock c...

FM trader Tim Seymour takes on the Tilray CEO, Brendan Kennedy. A breakdown of the marijuana madness, with CNBC's Dirdre Bosa and Melissa Lee, and the Fast Money traders, Pete Najarian, Dan Nathan and Guy Adami.

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  Netflix burns the bears, is this the return of the F.A.N....

  CNBC Videos
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  Pot stocks too pricey, says 'dean of valuation'

  CNBC Videos

Buy Canopy Growth as Pot Goes Legal in Canada? I Wouldn’t

Canopy Growth Corp (NYSE:CGC) did a tremendous job holding up through the volatile first half of October. While the S&P 500, Nasdaq and other well-known indices and stocks were getting hit, CGC stock was holding steady and actually rallying. With Canada legalizing recreational marijuana use today, does that make Canopy Growth stock a screaming buy?

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  ‘Wake ’n Bake,’ Plunging Stocks Greet Canada’s Legal Pot Debut

  Bloomberg
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  Yahoo News Explains: What Canada’s cannabis legalization will look like

  Yahoo News Video

IBM disappoints, more Facebook accusations, Apple apologizes

Here’s a look at some of the companies the Yahoo Finance team will be watching for you today. IBM investors aren’t thrilled with the latest earnings report. The company posted a beat on earnings but revenue missed. CEO Ginni Rometty says the results show

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  Dow jumps by more than 500 points at peak, putting blue chips on track for best day since March

  MarketWatch
• IBM's stock is exacting a roughly 70-point toll on the Dow Jones Industrial Average

  MarketWatch

Netflix soaring with earnings beat, Target shares slip and Home Depot takes a dive with Credit Suisse downgrade

Let’s check out the Yahoo Finance charts of the day. Netflix (NFLX): Shares are up in early trade, at around 6.3%.  The streaming giant reported strong user growth and exceeded expectations for adding subscribers during the third quarter. Netflix easily

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  Home Depot Stock Falls 4.5% on Credit Suisse’s Downgrade

  Market Realist
• Credit Suisse Downgrades Home Depot, Lowe's On Reduced Upside Projections

  Benzinga

Amazon slows down holiday hiring for the first time in six years

On Wednesday, the e-commerce giant announced its plan to hire 100,000 workers for the coming holiday season, a 16.7% drop from last year, when its hiring target was 120,000. Amazon has been announcing its holiday season hiring plans annually since 2012. Amazon will hire fewer people for the holiday season this year.

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  Target Has 120,000 Seasonal Jobs to Fill. Here’s How You Can Apply

  Money
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  First Look at 3 New Netflix Holiday Movies, Including A Christmas Prince Sequel

  Meredith Videos

Nvidia (NVDA) Dips More Than Broader Markets: What You Should Know

Heading into today, shares of the maker of graphics chips for gaming and artificial intelligence had lost 9.29% over the past month, lagging the Computer and Technology sector's loss of 4.86% and the S&P 500's loss of 3.08% in that time. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.25 billion, up 23.44% from the year-ago period. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

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  SMART Global Holdings, Inc. (SGH) Gains But Lags Market: What You Should Know

  Zacks
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  Cisco Systems (CSCO) Gains As Market Dips: What You Should Know

  Zacks

Alcoa (AA) Tops Q3 Earnings and Revenue Estimates

Alcoa (AA) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.25 per share. This quarterly report represents an earnings surprise of 152%. Alcoa, which belongs to the Zacks Metal Products - Distribution industry, posted revenues of $3.39 billion for the quarter ended September 2018, surpassing the Zacks Consensus Estimate by 0.92%.

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  PacWest Bancorp (PACW) Beats Q3 Earnings Estimates

  Zacks
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  Cathay General (CATY) Matches Q3 Earnings Estimates

  Zacks

Alphabet and Amazon, Cramer's largest trust holding, can ...

Jim Cramer checks in on FAANG after Netflix's earnings beat to see how shares of the technology giants are holding up.

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  Cannabis might be most disruptive force since Amazon for ...

  CNBC Videos
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  Cramer's lightning round: 'I can't countenance' selling B...

  CNBC Videos

10 Marijuana Stocks for the Canadian ‘Pot Rush’

After historic legislation that moved Canada as the first G7 member state to legalize recreational marijuana, it became official. This has significant implications, especially for marijuana stocks. As such, investors should strongly consider marijuana stocks to buy, irrespective of their personal reservations.

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  Canada Legalized Marijuana: Here's What to Know

  Meredith Videos
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  Recreational weed is now legal in Canada

  Reuters Videos

Boeing (BA) Q3 Earnings Preview: What to Expect

Boeing (BA) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended September 2018. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 24, 2018, might help the stock move higher if these key numbers are better than expectations.

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  Heritage-Crystal Clean (HCCI) Beats Q3 Earnings and Revenue Estimates

  Zacks
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  Why Walmart (WMT) Could Beat Earnings Estimates Again

  Zacks

Walmart will save $20 million annually on floor wax

Walmart Inc. has found a new way to save millions of dollars: Switch the floor wax it uses in its stores. According to the retail giant’s Chief Financial Officer Brett Biggs, Walmart (WMT)  switched to a new floor wax that’s both cheaper and more effective, reducing the number of times the floors have to be buffed. “That one change in floor wax will save us over $20 million a year,” he said, according to a FactSet transcript of the company’s Tuesday investment community meeting.

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  Walmart trims profit forecast as it touts investment push

  AFP
• Walmart saves $200 million by changing its light bulbs and $20 million with a new floor wax

  CNBC

Sears soars 36% — one day after filing for bankruptcy (SHLD)

The retailer received approval on Tuesday to access a $300 million loan to keep it afloat during bankruptcy. Sears Holdings soared as much as 124% — one day after filing for bankruptcy — as the embattled retailer received approval to access a $300 million loan to keep it afloat during bankruptcy.

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  These 3 Retailers Will Benefit From the Death of Sears

  Motley Fool
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  What to Do If You Have a Sears Gift Card

  Consumer Reports

Netflix is ditching freeloaders from subscriber forecasts after volatile stock moves

After two consecutive off-the-mark quarters, falling short of its own forecasts for subscriber growth, Netflix Inc. hopes to put an end to the big swings in its stock price with some changes to its accounting. Three months ago, Netflix reported weaker-than-expected subscriber growth, sending its stock tumbling about 12% in the next trading day. From last quarter: Is Netflix stock falling down a mountain, or just tripping over a molehill?

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  Netflix shares soar after subscriber growth surges at a record rate

  The Independent
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  Netflix Subscribers: How NFLX Compares to Amazon, HBO & Hulu

  Zacks