Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways. Bad executives can run their companies into the ground. Look no further than General Electric (GE) and Sears Holdings (SHLD) for proof of that. But great CEOs, like Miles White of Abbott Labs (ABT) , can turn a company into a powerhouse. White took the helm at Abbott in 1999 and during his 19-year tenure has delivered a 623% gain, taking into account the company's many spinoffs. That turned a $1,000 investment in 1999 into $7,230 today. How was White able to accomplish this feat? Cramer explained that White has a remarkable talent for anticipating what people's medical needs will be, then aggressively positioning
Walmart’s (WMT) third-quarter earnings crushed expectations. And a key area of growth for the company was its food business, which had its strongest quarter in almost six years. CEO Doug McMillan said the company’s fresh meat, bakery and produce segments
The debate over overhauling the tax code shows that while workplace retirement savings plans are widely popular, they aren’t untouchable. Republicans who control the U.S. Congress have floated proposed changes to 401(k) plans as part of their plan to cut taxes for individuals and corporations. 1. What do 401(k)s have to do with cutting taxes?
Amazon CEO Jeff Bezos knows what it takes to build a business worth billions and he has his grandfather to thank for part of his success.
Cisco reported a top-line beat in its first-quarter earnings results. For the first time in the last eight quarters, the company said it expects to increase revenue next quarter. Cisco hit an all-time high of $36.69 on Thursday after saying it expects to break its eight-quarter long decline in revenue next quarter.
Investors in Advanced Micro Devices, Inc. AMD 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.
General Electric (GE) shares have recently been through the wringer, but Jim Cramer says they could be close to bottoming out. "I interviewed CEO John Flannery [Tuesday] on Squawk on the Street and I have to tell you, I think that in the end, this company -- which could earn $1.06 in 2018 -- is close to a bottom," Cramer said during a private conference call with members of his Action Alerts PLUS club for investors. Cramer said he thinks that GE shares, which fell 2 cents to $18.25 Thursday, could bottom out at $17. It's been a rough year for GE, with it shares plunging some 42.5% so far this year vs. the S&P 500's 15.5% gain. Flannery took over in August from longtime CEO Jeffrey Immelt, who
Investors pulled about $6.8 billion from high-yield bond funds last week, the third-biggest outflow on record, as investor jitters about the sustainability of yields at multi-year lows caused a selloff in risk assets.Emerging-market bond funds lost $
The euro zone economy will mark its best year in a decade and maintain solid growth well into 2018, according to economists in a Reuters poll who said the risk was that their forecasts might not be optimistic enough. Inflation, last clocked at 1.4 percent, is expected to stay below the European Central Bank's target of just under 2 percent until at least the second half of 2019, according to the poll of over 80 economists taken Nov. 13-16. Euro zone economic growth has been surprisingly robust this year, outpacing both the United States and Britain simultaneously for the first time since the 2007-08 financial crisis, and also one of the most synchronous upturns across the euro zone economies.
Last week we dove into the brave new world of blockchain and cryptocurrencies. In this episode of the podcast, I read a few more important ideas that Andreessen shared back then, including his explanation of Bitcoin as "a classic network effect, a positive feedback loop" of at least four constituencies: consumers, merchants, miners, and developers. Andreessen believed that all four players were important but that developers played a special role.
AstraZeneca, plc AZN announced that the FDA has granted approval to a new indication for its breast cancer drug, Faslodex. The label of Faslodex will now be expanded to include combination use with Eli Lilly’s LLY new CDK4/6 inhibitor Verzenio/abemaciclib to treat women with HR+, HER2- advanced or metastatic breast cancer whose disease has progressed after endocrine therapy. The FDA approval was based on the MONARCH 2 study data, which showed that Faslodex+Verzeniosignificantly improved progression-free survival (16.4 months) compared to Faslodex+ placebo.
Gun control is a big-ticket issue, but it rarely makes much federal traction. Still, fears that left-leaning lawmakers could at any moment take away gun owners' weapons and carry rights have historically sent gun sellers into overdrive. They fatten inventories to meet anticipated high demand ahead of tightened gun regulation. Major federal overhaul of gun control laws doesn't look very likely the near future, meaning the crazy demand gun sellers had prepared for during previous administrations is on track to become groundless. To shrink their bloated inventories, sellers are now turning to Black Friday deals on their weapons. Privately-held Remington Arms Co. is offering a "Pre-Black Friday Savings
It started with a deal that never was and ended with the mother of all air show announcements - this week's Dubai Airshow saw little in the way of firm new business, but reminded observers the rivalry between two global giants is as fierce as ever. As stragglers placed a handful of orders, delegates said the show would be remembered for the collapse of an anticipated Airbus deal to sell A380 superjumbos to Emirates and hunger for smaller jets including a record deal for 430 Airbus A320s. A Boeing 787 deal with Emirates also shook up the battle for widebody orders.
The main earnings highlight on Friday will come from footwear retailer Foot Locker (FL), which is set to report results before the market open. The economic calendar will also be fairly sparse, with the monthly reports on housing starts and building permits serving as highlights. Markets will look to build off what was a positive day on Thursday, with the major U.S. indexes bouncing back after declines earlier this week as the Dow and S&P 500 each gained about 0.8% and the tech-heavy Nasdaq added 1.3%.
After a three-day selloff, the markets reversed course on Thursday as the GOP tax plan cleared its first hurdle on its way to becoming law and strong earnings from some industry leaders pushed the broader markets higher. While stocks were on the rise and tax plans were gaining approval, one pillar of the current state of media came crashing down on Thursday. Owners of local television stations will be permitted to buy a local radio station or newspaper in the same market after the Federal Communications Commission on Thursday, Nov. 16, voted to lift the ban on cross-ownership that had stood since 1975. The agency, which has been fast eliminating restrictions long opposed by TV station owners,
The Dow dropping as oil falls again – is the bull market running out of gas? And – critics are loving the iPhone TEN – but there’s one feature users are gonna love, and it could be a difference-maker. Plus – Greta Van Susteren leaving big media – for social media and mobile – she tells us why she’s bullish. Catch The Final Round at 3:55 p.m. with Jen Rogers and Yahoo Finance’s Myles Udland. Stocks in the red include IBM as Warren Buffett’s Berkshire Hathaway cut its stake in Big Blue by 32 percent, Accorda Therapeutics as the biotech named suffered a setback with its experimental Alzheimer’s treatment, and Target – shares getting crunched as the big box retailer’s holiday forecast disappointed the street.
The equity markets bounced back yesterday as the House of Representatives passed a historic tax bill, inching closer to a legislative tax overhaul centered on President Trump’s electoral promise. As investors employ a wait-and-see approach in a classic example of “backing and filling” in the market, they could benefit from ‘cash cow’ stocks that garner higher returns. A high ROE ensures that the company is reinvesting its cash at a high rate of return.
CNBC's Michelle Caruso-Cabrera reports the organization that decides whether credit default swaps should be triggered has decided that in the case of Venezuela, there should be CDS payments.
Earlier this week, House Republicans laid the foundation for a vote on Thursday which may be decisive for the prospects of the new tax Bill. Meanwhile, late on Wednesday, the legislation’s proponents in the Senate released a version which would do away with a crucial element of the Affordable Care Act (ACA). This is why investing in hospital stocks continues to be a lucrative proposition.
Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Facebook Inc FB, Twitter TWTR, Alphabet GOOGL and NVIDIA Corp. NVDA. Today, Zacks is promoting its ''Buy'' stock recommendations.
The Senate's latest tax plan would lavish billions of dollars in tax cuts on the wealthiest Americans but leave those at the bottom of the income ladder with higher taxes. Under the Senate plan, all income groups would get big tax cuts early in the coming decade, according to the committee's estimates. The increases are due in part to the phaseout of the tax cuts for individuals beginning in 2025.
China's bike sharing bubble is showing signs of strain, after the country's third largest firm said it was going under. "We fought until the very last and I believe we can all leave with pride and our heads held high," Li Gang wrote, adding he had endured months of sleepless nights. China's bike sharing craze has been driven by huge investments, especially into the two market leaders Mobike and Ofo, which have raised billions of dollars from tech giants like Tencent Holdings and Alibaba Group Holding Ltd.
If you're a regular here, you know I've been confused about the phenomenon of not-really-tech startups achieving tech-like valuations. I asked for some help recently from Dayna Grayson, a partner at NEA, a venture-capital firm that backs some not-really-tech consumer startups including mattress seller Casper Sleep Inc. and anti-brand online grocer Brandless Inc. She agreed it's tough to succeed with traditional retail business models. If a startup buys jeans or blenders at wholesale prices and sells them at a markup, it can be hard to make anywhere close to tech-like profit margins or venture-like investment returns. But her take, which I found persuasive, was a consumer startup can succeed by
Abercrombie and Fitch (ANF) tops our list. The teen retailer is also predicting a strong holiday sales season thanks to the growing popularity of its Hollister brand. General Motors (GM) shares are revved up this morning.
The London Block Exchange -- because no regulated public market is safe from crypto puns -- offers fans of Bitcoin, Ethereum and the like a chance to trade crypto on an app and then convert any winnings into pounds anywhere that accepts Visa. The app's payment card handles the conversion instantly. Payments firm Square is letting some users buy Bitcoin on its Square Cash app, which recently rolled out its own payment card.