- TheStreet.com•4 hours ago
Amarin's Huge Rally: Here's Why the Stock Is Soaring and How to Trade It
The shares of this Ireland-based biopharma are "en fuego" after the company released positive top-line data from a Phase 3 trial called REDUCE-IT (Reduction of Cardiovascular Events Outcomes) Monday morning. This study is aimed at using Vascepa for individuals with high triglycerides with mixed dyslipidemia and would increase Vascepa's potential customer base substantially if approved, which now seems likely based on trial results. Vascepa is a prescription-only omega-3 fatty acid capsule.
Business Insider•10 hours agoBANK OF AMERICA: The most important segment of the housing market has peaked
The top is in for existing-home sales, which make up 90% of transactions in the US, according to economists at Bank of America Merrill Lynch. The largest segment of the housing market has peaked and will no longer contribute to the US economy's growth, according to US economists at Bank of America Merrill Lynch. "We are calling it," the team led by Michelle Meyer said in a research note on Friday.
- MarketWatch•2 hours ago
AMD stock gains after picking up a new fan
Shares of Advanced Micro Devices Inc. broke a five-day losing streak on Monday, rising 5% after an RBC Capital Markets analyst initiated coverage of the stock with a bullish rating. RBC’s Mitch Steves joined a growing chorus of optimistic analysts who see room for AMD (AMD) to gain share in the server business and capitalize on demand for gaming products. AMD has a rocky past in the server business, and it has most recently struggled to compete against Intel Corp. (INTC) As Intel undergoes stumbles of its own and as AMD executes on its strategy, Steves sees AMD capturing a more sizable piece of the server market.
- TheStreet.com•8 hours ago
Legendary Technician Gives Her View of the Current Market
Louise Yamada is a Wall Street legend. As one of the first female technicians, she called the Enron and Tyco debacles before they happened and knew someone was selling the financials as early as 2007. Listen to her now explain the current state to the
- CNBC Videos•7 hours ago
JP Morgan's Dimon: I'd rather grow our business than buy ...
J.P Morgan Chase Chairman & CEO Jamie Dimon speaks with CNBC's Jim Cramer about stock buybacks.
- The Wall Street Journal•21 hours ago
The Case for Revamping 401(k)s
Over the next five years, the federal government will provide subsidies in excess of $1 trillion for retirement saving, according to estimates from the Joint Committee on Taxation. The bulk of these subsidies will be delivered through defined-contribution accounts, such as 401(k)s and IRAs, that lower savers’ tax bills if they sock money away for retirement. While retirement security is indeed an important policy goal, the way we subsidize such saving is ineffective, regressive and in pressing need of reform.
- InvestorPlace•7 hours ago
3 Top Tobacco Stocks Still Burning Strong
In many respects, the top tobacco stocks defy logic. The Surgeon General’s Office released their report warning about the dangers of tobacco in 1964. Despite a sustained anti-smoking crusade, tobacco stocks continued marching higher.
- MarketWatch•7 hours ago
Fast-growing chip makers are selling for a discount after Trump tariff announcement
DEEP DIVE Shares of many U.S. semiconductor manufacturers and their suppliers have been hammered over the past week, as investors have learned about the potential effects of President Trump’s trade war with China. But a high level
- Money Talks News•yesterday
Do Seniors Still Get an Extra Tax Deduction?
Today’s question is about how last year’s tax reform will affect an old tax deduction: the extra personal exemption we all get when we turn 65. For more information on this topic, check out “Beware These 10 Common and Costly Tax Mistakes” and “How Not to Blow Your Tax Refund.” You can also go to the search at the top of this page, put in the words “taxes” and find plenty of information on just about everything relating to this topic. Hello, everyone, and welcome to your “2-Minute Money Manager.” I’m your host, Stacy Johnson, and this question’s brought to you by MoneyTalksNews.com, serving up the best in personal finance news and advice since 1991.
- Fox Business•6 hours ago
Goldman's lavish spending on Blankfein’s post-CEO office sparks populist debate at white-shoe firm
Goldman Sachs wants to send Lloyd Blankfein off in style: The prestigious white-shoe investment firm is spending top dollar to build its soon-to-be retiring chief executive a new office as he transitions to an advisor for the firm. The move is not sitting well with many of the rank-and-file employees, several of whom are complaining to FOX Business about the spending on Blankfein’s new digs. In an official statement, a Goldman spokesperson tells FOX Business the cost of the office would be well under $100,000 but would not provide an exact number.
- InvestorPlace•9 hours ago
Recovery of GE Stock Poised to Be Delayed by Turbine Issue
The company’s latest issue involves GE Power, a division that has already had a series of operational setbacks. Although I do not think this problem will prevent GE stock from eventually rebounding, it could further delay the turnaround of GE Power. The customer, Exelon (NYSE:EXC), found what it described as an “oxidation issue” with the turbine’s fan blades at two Exelon plants in Texas.
- Bloomberg Video•12 hours ago
Fed Rates Could Rise More Than Market Expects, Pimco Says
Sep.24 -- Tony Crescenzi, market strategist and portfolio manager at Pimco, discusses Federal Reserve policy, bond yields and the economy. He speaks on "Bloomberg Surveillance."
- Barrons.com•2 hours ago
Sears Slide Hits Newell Brands. Why One Analyst Says the Selloff Is Overdone.
Where we were: Newell has suffered a number of setbacks this year that have weighed on the stock. Consumer-staples stocks have lagged in 2018, but few big names have had as difficult a time as Newell Brands, which has fallen more than 33% year to date. Newell has been struggling with several issues, including a test of wills with activist investorCarl Icahn, disappointing guidance, the trade spat with China, a high debt load, and the Toys ‘R’ Us bankruptcy, which recently sent the shares to six-year lows.
- Bloomberg•yesterday
Iran and New Mega-Refineries Set Asia's Oil Market on Fire
When the Navarin, an oil supertanker carrying 2 million barrels of Middle East crude, docks at the Malaysian port of Pengerang on Monday, the arrival will signal the start of a torrid time for Asia’s oil market. The extra demand comes just as physical oil supplies are made scarcer by U.S. sanctions on Iran. Supplying the new refineries, and their impact on the wider oil market, will be one of the topics of conversation at the annual Asia Pacific Petroleum Conference in Singapore, where hundreds of oil traders from across the region will gather to strike deals this week.
- TheStreet.com•1 hour ago
Sirius and Pandora Sink as Wall Street Finds Their $3.5 Billion Tie-Up Tone Deaf
Pandora remains deeply in debt despite a a deal last year in which Sirius bought a 15% in the company for $480 million in cash. "The addition of Pandora diversifies our revenue streams with the United States' largest ad-supported digital audio offering," Sirius CEO Jim Meyer said in the analyst presentation Monday morning. "As I've said many times, we would benefit from having a 'pre-funnel,'" Meyer said.
Yahoo Finance•3 hours agoStocks fall amid trade tensions, reports Rosenstein may depart
U.S. stocks mostly fell Monday following the roll-out of the Trump administration’s latest round of tariffs on Chinese imports. Reports that Deputy Attorney General Rod Rosenstein may be on his way out also weighed on markets. Rosenstein and President Donald Trump will meet in Washington, D.C., on Thursday to discuss the deputy attorney general’s future in light of recent events, which include a report last week that Rosenstein had previously suggested invoking the 25th Amendment in order to remove Trump from office.
- Zacks•5 hours ago
Why Did Disney (DIS) & Netflix (NFLX) Stock Jump Monday?
Shares of Disney DIS and Netflix NFLX surged Monday for completely different reasons. Disney saw its stock price jump nearly 2% Monday after Comcast CMCSA officially outbid 21st Century Fox FOXA to take control of European pay-TV titian Sky SKYAY PLC. Comcast offered $22.59 a share—valued at $38.8 billion—which marked over a 40% premium to the cable and internet power’s February offer. Comcast saw its stock price plummet Monday following the weekend auction conducted by UK regulators.
- Barrons.com•9 hours ago
Johnson & Johnson Might Be Tempted to Buy These 2 Device Makers
Like most everything else these days, medical technology stocks have reached their highest valuations in decades. The med-tech sector is the year’s next strongest gainer. In a recent meditation on med-tech valuations, the analysts at Canaccord Genuity Group attribute med tech’s outperformance to revenue growth, merger activity, and the defensive character of health-care stocks when economic expansions slow.
- MarketWatch•3 hours ago
How to survive marijuana stocks’ rollercoaster ride
Marijuana stocks have been on a rollercoaster ride in recent weeks, as new investors have entered the sector with thoughts of becoming instant millionaires. The reason is that marijuana stocks are very volatile and often move mostly on sentiment as well as on market mechanics. Further complications arise for marijuana investors from pump-and-dump schemes.
- InvestorPlace•8 hours ago
Wells Fargo Stock Could Be Warren Buffett’s Worst Investment
Which begs the question: Is this Warren Buffett’s worst investment? “I see no reason why Wells Fargo as a company…going forward is in any way inferior to the other big banks with which it competes,” Buffett said during annual shareholders meeting in May. “We have a large unrealized gain [in the stock].
- MarketWatch•11 hours ago
Amarin's stock rockets nearly 4-fold after positive trial results
Shares of Amarin Corp. (amrn) rocketed nearly four-fold, soaring 286% in premarket trade Monday, after the company said its cholesterol treatment met its primary endpoint of risk reduction. The company said Vascepa LDL-C treatment was also well tolerated. "Cardiovascular disease is the #1 killer of men and women worldwide1 and the REDUCE-IT trial results could lead to a new paradigm in treatment for the millions of patients in Canada currently at risk for this disease," said Greg Gubitz, chief executive of HLS Therapeutics Inc. (ca:hls) which has an agreement to commercialize Vascepa.
- MarketWatch•10 hours ago
Disney stock gains after company loses Sky bid, 'dodges a bullet'
Shares of Walt Disney Co. (dis) are up 1% in premarket trading Monday after the company lost out to Comcast Corp. (cmcsa) in a bidding war for British television company Sky. Bernstein analyst Todd Juenger wrote that Disney "dodge[d] a bullet" and achieved "the best possible result" by missing out on a Sky acquisition. "We never understood why Disney would want to operate a European [direct broadcast satellite] business, and we never understood how Sky would contribute to Disney's DTC strategy," wrote Juenger, who has a market perform rating on the stock and a $113 price target.
Business Insider•5 hours agoA former Facebook exec initially turned down the job — but a few weeks later, she had a change of heart based on a metric she still uses today
Libby Leffler, a former Facebook executive and Google employee, is now the vice president of membership at SoFi. Leffler initially turned down the opportunity to work at Facebook when the company approached her in 2008. In 2008, Libby Leffler was offered a job at Facebook.
- InvestorPlace•7 hours ago
Facebook Stock Has a New, Looming Problem
If you didn’t know any better, you would call Facebook (NASDAQ:FB) stock a bargain. As of this morning, Facebook stock was trading for about $164 per share. That means investors are paying a little over 25 times earnings for a company that’s growing 40
- MarketWatch•10 hours ago
Nutanix stock falls after Susquehanna downgrade
Shares of Nutanix Inc. (ntnx) are down 5.3% in premarket trading Monday after Susquehanna analyst Mehdi Hosseini downgraded the stock to negative from neutral. "In our view, the next phase of transformation (vertical integration to become a second source to VMware) will take longer than expected, while the 'more opex/more growth' approach may not yield enough growth acceleration to become profitable anytime soon," Hosseini wrote.
