Warren Buffett was a major shareholders in Walmart until 2016, when he sold most of Berkshire Hathaway's stake in the retailer. At that time, Buffett cited Jeff Bezos and Amazon as a threat that made retail stocks a "tough" game. Walmart stock has risen from the $70-range to the $100-range since Berkshire sold billions in shares, but Berkshire has seen newer holdings in tech, such as Apple, and deep value plays, such as Teva Pharmaceuticals, perform very well.
The company steps into the earnings fray next week, and BABA stock finds itself once again trading at multi-month lows. Specifically, BABA stock is in a situation very similar to what we saw back in April.
Shares of red-hot chipmaker Nvidia were falling close to 6% after-hours following the release of its July quarter earnings on Thursday. Nvidia beat on both earnings and revenue expectations, but issued fiscal Q3 guidance that was weaker than expected
A funny thing happened between Aug. 16, 2012, when Apple (NASDAQ:AAPL) initiated a $2.65 quarterly dividend, its first since 1995, and today — Apple became a dividend stock. Since the company paid that first dividend, Apple’s stock shot up 233% and its dividend has grown by 115%, an annualized growth rate of 14%. A big reason Apple initiated its capital allocation program in the first place was to appease investors who felt its growth was slowing and it wasn’t returning enough money to shareholders through dividends and share repurchases.
There was a big bombshell in marijuana land. Constellation Brands (STZ) known for its beer, wine and spirits, is investing about $4 billion in Canadian marijuana company Canopy Growth (CGC) Constellation paid a whopping 51% premium. Marijuana stocks are highly volatile, and investors need help in properly investing and trading them.
Jim Cramer answers callers' questions about how to diversify their portfolios, including which tech stocks to keep and which to throw out.
J.C. Penney (JCP) reported second-quarter earnings today that fell short of analyst expectations. “Based on JCP’s updated and lowered guidance, we estimate JCP shares are currently worthless,” Clearview Trading Advisors analyst Rick Snyder wrote in a note to clients. Barbara Cake, 67, cleans the jewelry counter towards the end of her shift at J. C. Penney on December 23, 2017 at the Shenango Valley Mall in Hermitage, Pennsylvania.
Bank stocks were hopping higher than most other sectors on Thursday. The relative strength gives ample reason to scour the sector for trade ideas. With that said, here’s why and how I would play BAC stock with options.
With just a quick glance General Electric (NYSE:GE) and Ford Motor (NYSE:F) appear to be cut from the same cloth. Both were once at the top of their game, but recently, both F and GE stock have been destroyed as the sheer passage of time has made the two companies much less relevant. When one takes a closer look, however, it becomes clear that General Electric and Ford aren’t exactly carbon copies of one another.
The Dow Jones Industrial Average notched a dubious distinction on Wednesday, as U.S. equity benchmarks fell firmly lower, and extended it on Thursday despite a powerful rally. The blue-chip benchmark failed to move 10% above the closing low hit earlier in the year, and has now spent the longest period in correction territory — 132 trading sessions (as of Thursday’s close) — since the 223 sessions in 1961, according to Dow Jones Market Data. Some market-technician purists believe that an asset must put in a new high to officially emerge from correction phase.
On Aug 14, we issued an updated research report on CVS Health CVS. The company carries a Zacks Rank #3 (Hold). CVS Health ended the second quarter of 2018 on a promising note with earnings and revenues ahead of the respective Zacks Consensus Estimate.
MoviePass has changed its terms yet again, making it even tougher for subscribers to see films.On Thursday, the company said in an email that the number of films would be narrowed to six, though a weblink listed seven movies. That followed an earlier
Another former Tesla employee has filed a whistleblowing tip with the Securities and Exchange Commission. The tip alleges that Tesla did not disclose to shareholders the theft of raw materials and unauthorized surveillance and hacking of employee devices and that the company did not tell federal authorities about information it received from former employee Karl Hansen about alleged drug trafficking at the company's Gigafactory in Sparks, Nevada. Tesla did not immediately respond to a request for comment.
On August 1st, I made a chart commentary titled Correction Time? Listen to This Grizzly to Decide. I concluded the worst we might see in August was a 5% pullback to S&P 2700.But since then, the market and its sectors have made some decisive moves to indicate
Shares of chip maker Micron (NASDAQ:MU) dropped below $50 for the first time since early May on a price target cut by Wells Fargo analyst and MU bull Aaron Rakers. Rakers cut his price target on MU stock from $70 to $63, citing earnings erosion ahead.
It's that time again! "Mad Money" host Jim Cramer rang the lightning round bell, which means he gave his take on callers' favorite stocks at rapid speed. Royal Dutch Shell RDSA-GB : "Everyone hates the oils, which means it is time to buy the oils because
Shares of Cisco CSCO surged as much as 5.1% higher on Thursday, the day after the storied multinational conglomerate reported its Q4 earnings. After this solid run, some investors may want to realize their gains, but it seems that this old dog truly can learn new tricks. Wednesday’s results marked its third-straight quarter of revenue growth, a welcome trend for Cisco, which had previously endured a two-year decline in topline performance.
Aug.16 -- Bloomberg Intelligence's Anand Srinivasan examines Nvidia Corp.’s fiscal second-quarter earnings and revenue forecast. He speaks on "What'd You Miss?"
On Tuesday, the 20 largest cryptocurrencies by market cap all fell by 4% to 10%, with ether, token of the smart contracts platform Ethereum, taking the biggest hit, down to about $250, its lowest price of 2018. Ether was above $1,200 in January. On Tuesday, one of the top posts on the popular bitcoin forum of Reddit was information for suicide prevention hotlines.
Tech and healthcare jobs dominated the list of highest-paying jobs in America, according to a new report by Glassdoor. Looking at the top-paying jobs across U.S.-based companies, the job search firm pulled salary reports for job titles from July 1 last
Walmart is surging after crushing earnings estimates Thursday morning, adding about $12 billion to the wealth of the Walton family. An investment of $1,000 at the start of 1980 would be worth over $1.9 million today. Walmart's stock price is surging after the company announced better-than-expected earnings results Thursday morning.
It might be time to rethink FANG, according to CNBC's Jim Cramer. Given Thursday's market moves, Cramer thinks WANG – Walmart, Apple, Netflix and Google – might be the new group of stocks to watch. It might be time to rethink FANG, according to CNBC
As a result, investors targeted U.S. big-cap tech stocks, which have single-handedly bolstered broad market averages in recent months. Facebook (NASDAQ:FB) shares are testing back below their 200-day moving average, succumbing to new post-earnings selling pressure after the company reported weaker-than-expected user growth and warned of constrained profit margins going forward. The spell of “social forever” was broken, as investors realized Facebook’s best days may now be behind it.
Billionaire entrepreneur and investor Mark Cuban appeared on CNBC recently and sounded a cautious tone about the stock market. In this column, I will explain why someone who is cautious about the stock market can be bullish about NFLX stock and AMZN stock. Cuban does own four dividend stocks.
China’s BATs—Baidu Inc. ( BIDU), Alibaba Group Holding Ltd. ( BABA), and Tencent Holdings Ltd. (TCEHY)—are set to fly 15-20% higher after giant pullbacks this year. After climbing 63%, 96%, and 345%, respectively, over the past five years, analyst Ray Wang at Constellation Research thinks the declines of these tech giants will be short lived and that this represents a unique buying opportunity as investors look for safe places to put their money. Baidu, Alibaba, and Tencent are virtually protected from foreign competition within China due to China’s great Internet firewall, which restricts access to behemoth internet players like Google, Facebook and YouTube.