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Business Insider•2 days agoEven the Americans sitting on piles of cash aren't using it correctly to build wealth
The average American is holding too much cash in savings, and it's keeping them from building wealth. You should instead invest your excess savings in the stock market for the best returns, NerdWallet's retirement and investing specialist Arielle O'Shea recommends. The easiest way to put your savings to work is through a 401(k), which invests your money in stocks through low-cost index funds or exchange-traded funds.
- MarketWatch•16 hours ago
When is the best time to convert my traditional IRA to a Roth?
Q.: I have about $57,000 in my traditional IRA and about $6,800 in a Roth IRA. The idea of converting while in low bracket year is sound but fear of the required minimum distributions (RMD) may not need to be a strong motivator. Yes, when RMDs begin they can kick you into a higher tax bracket, but not necessarily.
Business Insider•13 hours agoMicrosoft crushes earnings and reports $110 billion in annual revenue, stock jumps 4% on strong guidance (MSFT)
After initially moving not much at all, Microsoft stock jumped over 4% in after-hours trading. Notably, this marks the end of Microsoft's 2018 fiscal year. For the quarter, Microsoft showed strong growth in all three of its major reporting areas — especially in cloud computing, where Wall Street most wants to see growth.
- Business Insider•22 hours ago
The most costly mistakes investors of every size make, according to Bank of America’s $2 trillion wealth-management chief
Getty Images / Eduardo Munoz Alvarez Irregular investing, waiting for an all-clear sign, and overconfidence are three of the biggest mistakes investors make. That's according to Chris Hyzy, the chief investment officer of Bank of America Global Wealth
- TheStreet.com•2 days ago
3 'Strong Buy' Healthcare Stocks Poised to Surge
Bring on healthcare earnings season. Ahead of earnings season for the group, we have selected three healthcare stocks beating the market in 2018. Using TipRanks' Stock Screener tool, we quickly discovered the best-rated stocks, filtering by "best analyst consensus" stocks in the healthcare sector.
InvestorPlace•13 hours ago5 Top Stock Trades for Friday Morning
Shares of Alcoa plunge after reporting earnings, while Bank of America retests their prior breakout spot. Here are our top stock trades for Friday: Top Stock Trades for Tomorrow #1: AA Alcoa (NYSE:AA) beat on earnings and revenue expectations, but tariff
- InvestorPlace•19 hours ago
4 Artificial Intelligence Stocks to Watch
Perhaps the hottest buzz word in the stock market right now is “AI”, or artificial intelligence. Because of this, everyone wants to own as many artificial intelligence stocks as possible. Here’s a list of four of my favorite artificial intelligence stocks which all investors should have on their radar.
- InvestorPlace•12 hours ago
Don’t Let Debt Scare You From the AT&T Dividend Yield
Colloquially known as the dividend king, AT&T (NYSE:T) has more than earned that title thanks to 34 years of annual dividend raises. Through multiple boom-bust cycles, an unprecedented global banking crisis, and several military conflicts, the AT&T dividend yield has stayed true. With the telecom giant’s much-covered acquisition of Time Warner, several investors have questioned the viability of the AT&T dividend yield.
- Zacks•13 hours ago
What TSM's Earnings Told Us About Nvidia's (NVDA) Next-Gen Graphics Cards
The EPS metric beat our Zacks Consensus Estimate by two cents and rose 9.1% year-over-year, while revenues fell in line with expectations and grew 11.2%. “Moving into third quarter 2018, we anticipate our business will benefit from new product launches using TSMC 7-nanometer technology while cryptocurrency mining demand will decrease from second quarter,” senior executive Lora Ho commented in the company’s earnings release. TSM’s strong report gives us a pretty solid overview of the semiconductor industry because it is the largest contract chipmaker in the world.
Associated Press•2 days agoTesla Model 3 buyers lose patience and maybe tax credits
In March of 2016, Keith Reynolds flew from California to Atlanta so he could claim his spot in line at 4 a.m., and get a three-hour head start on his West Coast competitors. Tesla was taking $1,000 deposits for its new electric car, the Model 3, priced starting at $35,000. Reynolds is still waiting.
InvestorPlace•18 hours ago5 Hot Stocks Today (That Could Crash Tomorrow)
Let’s admit it. We’re all fascinated by the stock market’s hot stocks, aren’t we? That doesn’t mean we’re adrenaline junkies hopping from bandwagon to bandwagon. But it can be mesmerizing to see a stock double, triple or quadruple in a short period of
- Bloomberg•yesterday
MGM Resorts Suffers Backlash After Suing Shooting Victims
It took just minutes for the hashtag #BoycottMGMResorts to appear on Twitter, and for people to declare they would no longer patronize the largest casino owner on the Las Vegas Strip. “Was going to stay in November already changed my reservations,” a man named Brandon Tur wrote on Twitter. The reaction to MGM Resorts International’s lawsuits against victims of the worst mass shooting in U.S. history was harsh, and probably not surprising.
- Bloomberg•11 hours ago
Skechers Falls 26% After Same-Store Sales Growth Misses Estimates
Skechers fell as much as 26 percent in late trading Thursday amid concerns over slowing growth, rising costs and lower-than-expected projections. The footwear company reported that same-store sales increased 4.5 percent, less than the 5.2 percent analysts anticipated, according to Consensus Metrix. The results continue a trend of volatility for the Manhattan Beach, California-based company, which is spending aggressively to fuel rapid expansion, especially overseas.
- InvestorPlace•yesterday
When It Comes to General Electric Stock, Patience Will Be Rewarded
Much-maligned General Electric (NYSE:GE) stock is the most heavily traded stock in the market. According to Bloomberg, the average trading volume on GE stock in 2018 is a whopping 80 million shares a day. The spike in trading volume is mostly due to the fact that GE stock is a near-$10 stock (low price) that is widely covered and followed by the media, analysts and investors (lots of catalysts).
- CNBC•14 hours ago
Market-beating investor Bill Nygren says Facebook and Netflix are actually value plays
Facebook, on next year’s earnings estimates, is barely at a market multiple,” Oakmark’s Bill Nygren says. "Netflix is adding 20 million subscribers this year that we believe are worth $1,000 per subscriber,” Nygren adds. Nygren joined Harris Associates, the investment advisor for Oakmark Funds, in 1983.
- Bloomberg•23 hours ago
Best Buy Should Be Dead, But It’s Thriving in the Age of Amazon
In Best Buy’s perfect world, all 380 of its new “in-home advisors” would park their clean, white Priuses in front of a customer’s house rather than in the driveway, where the car could block others. After knocking gently on the front door, they would step back and stand to the right, smiling, head down slightly, arms uncrossed, name tag visible on their blue, wrinkle-free Best Buy polo shirts.
- CNBC•2 days ago
Millennials want to retire by 61, but most have nothing saved
Millennials may have only a little saved for retirement, but they still want to retire early. A recent Bankrate.com survey asked millennials, classified as Americans ages 18 to 37, what the perfect time to retire would be. Of those millennials already saving, the median retirement account balance is about $19,100.
- MarketWatch•18 hours ago
Tilray’s IPO is creating a buzz, but don’t overspend on marijuana stocks
Money is to be made in marijuana stocks in the long run. Canada’s Tilray (TLRY) has become the first cannabis company to conduct a U.S. IPO. There may be sympathy plays in other cannabis stocks for a short-term trade.
- Zacks•11 hours ago
General Electric (GE) Stock Flat Ahead of Earnings: What To Expect
Shares of General Electric GE lost 0.2% during regular hours Thursday, the last day of trading before the company releases its latest quarterly earnings report. The Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change.
- TheStreet.com•14 hours ago
3 Things to Watch in General Electric's Earnings
will announce earnings before the bell on Friday, July 20, and the Boston-based industrial conglomerate is expected to report earnings of 18 cents a share on revenue of $29.4 billion, according to analysts surveyed by FactSet. GE will spin off the healthcare unit over the next 12 to 18 months, and sell its Baker Hughes stake over two to three years. GE "may trim the upper end of its $1 to $1.07 2018 earnings guidance, with consensus expecting only 94 cents," said Bloomberg Intelligence senior industry analyst Karen Ubelhart.
- Zacks•11 hours ago
Skyworks (SWKS) Beats Earnings, Climbs 3% on Strong Performance
Skyworks Solutions SWKS just released its latest quarterly results, posting earnings of $1.64 per share and revenues of $894.3 million. Currently, SWKS is a Zacks Rank #3 (Hold), but that could change based on today’s results. Investors should note that our consensus estimate for SWKS’s earnings has seen positive movement in the last month, ticking up three cents to $1.59 per share for the quarter.
- TheStreet.com•13 hours ago
4 Key Takeaways for Apple, Nvidia and Others From TSMC's Earnings Report
TSMC, the world's top chip contract manufacturer (foundry), reported Q2 revenue of $7.85 billion (up 11% annually) and EPS of $0.47. Revenue was for all intents already known thanks to monthly sales reports, and EPS beat consensus by a penny. As noted a couple weeks ago while making a bull case for TSMC, shares had already priced in investor concerns about slowing smartphone demand.
Reuters•10 hours agoMicrosoft beats Wall Street targets on cloud services revenue
The company's flagship Azure cloud product recorded revenue growth of 89 percent in the fourth quarter ended June 30. Much of Microsoft's recent growth has been fuelled by its cloud computing business, which has benefited from companies rushing to shift their workloads to the cloud to cut data storage and software costs. Microsoft shares have risen 180 percent since Satya Nadella took over as chief executive in 2014, refocusing the company on cloud computing rather than PC software.
- TheStreet.com•12 hours ago
Microsoft Climbs After-Hours on Earnings Beat; Guidance to Be Announced on Call
shares were rising after-hours following the release of its fourth-quarter results. TheStreet is live blogging Microsoft's earnings report and call. Microsoft was expected to increase revenue 18% to $29.21 billion, yielding earnings of $1.08 per share on a non-GAAP basis.
- Zacks•19 hours ago
GE, HON Q2 Earnings on Jul 20: Here are the Key Predictions
The sector’s earnings are projected to decline 12.6% year over year in the second quarter as compared with 5.6% growth registered in the last reported quarter. General Electric Company GE: This industrial conglomerate delivered better-than-expected results in two of the last four quarters while lagging estimates in the other two. Average earnings surprise was a positive 3.27%.
