Tesla CEO Elon Musk announced on Twitter on Thursday that a lower-cost Model 3 was immediately available for order on the company's website. The electric car will have a base price of $45,000 and is eligible for federal and state tax rebates. Tesla shares were up almost 2% ahead of Friday's opening bell.
The market expects Tandem Diabetes (TNDM) 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 is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 25.
Morgan Stanley downgraded Ford, citing a risk to the company's dividend and pressure on cash and earnings. The automaker is suffering from the appearance that it lacks transparency and decisive action. Morgan Stanley downgraded Ford F on Friday, saying its earnings and cash flow are under pressure and its dividend is at risk.
When the media and investors turn negative on stocks but the “smart money” is bullish, it’s a good time to think about buying. After all, exactly what is the smart money, and how do you know? Lately, several fund managers who pass this test have been pounding the table on Chinese internet names.
CNBC's 'Squawk on the Street' team discusses why Jim Cramer is bullish on FAANG stocks.
Shares of Apple Inc. (aapl) rallied 1.3% in premarket trade Friday, after Wedbush Securities started covering the technology giant with a bullish stance, citing the company's services "gold mine" and positive iPhone cycle. Analyst Daniel Ives initiated Apple at outperform and added Apple to Wedbush's "best ideas list." He set a stock price target of $310, which is 44% above Thursday's closing price of $216.02 and 34% above the Oct. 3 record close of $232.07. "With positively trending ASPs and gross margins heading into this 2019 product cycle showing no signs of abating and could translate into upside for the upcoming quarter, we believe many of the growth fears on the Street have been alleviated, however this upcoming product cycle remains a linchpin for Cupertino," Ives wrote in a note to clients.
(UAA) has had a bumpy ride the last couple of years. It started shortly after the stock peaked in 2015, which was another year of 20% revenue growth. Under Armour (ticker: UAA) made significant management changes, creating new senior executive titles for marketing, product, and innovation.
Micron Technology Inc. said late Thursday it plans to buy out Intel Corp.’s share of a flash memory joint venture that the two chip makers have participated in for more than a decade. Micron (MU) agreed to pay Intel $1.5 billion for its stake of their IM Flash Technologies joint venture, and expects to close the deal in six to 12 months after it is able to exercise call options on Jan. 1. On a conference call, Chief Financial Officer Dave Zinsner said Micron will pay for the buyout from free cash flow while continuing with its plan to buy back its own shares.
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. In kicking off tech’s earnings season Tuesday, Netflix (NFLX)reported better-than-expected subscriber growth in the quarter, leading to an 11% jump in its shares in after-hours trading. Three months ago, Netflix reported weaker-than-expected subscriber growth, sending its stock tumbling about 12% in the next trading day.
America’s CEOs have spent more than $24 million in the 2018 midterms, according to a MarketWatch report, with the majority of that money going to Republicans. MarketWatch analyzed the contributions from 388 CEOs of S&P 500 companies between Jan. 1, 2017, and Aug. 31, 2018, as recorded by the Federal Election Commission. MarketWatch‘s report, released Thursday, includes a searchable database of CEO contributions.
Aurora Cannabis Inc. is a major pot producer, but if its bets on other cannabis companies continue to pay off, it may be able to stop actually growing weed on its own. Aurora (ACBFF)(CA:ACB) said recently its investments were worth more than C$700 million ($540 million) as of Sept. 21, bolstered in part by demand for pot stocks ahead of full legalization of marijuana in Canada on Wednesday. As the entire sector has benefited, so has Aurora’s portfolio, boosting the company’s fiscal fourth-quarter profit to C$79.9 million, after a loss of $20.8 million the year earlier.
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.
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.
Sometimes identifying the best stocks to buy can be difficult, but you could do a lot worse than checking out the stocks selected by one of the world’s savviest hedge fund managers — Warren Buffett. Buffett’s stock picks are a popular source for investors, and for good reason. The billionaire Buffett is many things: He’s among the world’s most successful fund managers, a legendary philanthropist and owns more than 60 companies.
A federal grand jury has indicted Microsoft's former director of Sports Marketing and Alliances for allegedly trying to create fake invoices for up to $1.4 million, according to the DOJ. The indictment alleges that Jeff Tran tried to route fake invoices through two Microsoft vendors and that he scalped Super Bowl tickets Microsoft acquired through its Surface tablet partnership with the NFL.
Advanced Micro Devices Inc AMD is set to report third-quarter 2018 results on Oct 24.Notably, AMD has a positive record of earnings surprises in the trailing four quarters, the average surprise being 30.97%. In the last reported quarter, earnings of 14
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.
ESI Cases & Accessories Inc. filed a breach-of-contract suit in state court in Manhattan on Thursday, seeking more than $20 million in damages. The company says Berkshire’s strong-arm tactics caused it to lose all its business with CVS Health Corp. -- a $5 million-a-year customer -- as well as others. ESI has sold Duracell-branded products under a license since 2010, including Apple Inc.-compatible charging cables, and phone cases and headsets, and said it renegotiated its agreement with Duracell’s former parent, Procter & Gamble Co.’s Gillette subsidiary, in 2014.
Inversion is a mental model that involves flipping your outlook to prevent the opposite of what you want to happen from happening. Warren Buffett and his business partner Charlie Munger employed inversion as a business strategy to build Berkshire Hathaway into a powerhouse. In a recent podcast with Brandon of the Mad Fientist, who retired early at 34, productivity expert James Clear said the same strategy Buffett used can help set someone on the path for early retirement.
For Jack Ma , the man behind Chinese tech giant Alibaba BABA , that's a process that took him some time to master. Ma, speaking in the Indonesia resort island of Bali last week, recalled a hiring mistake he made in the early days of Alibaba. As it turned out, that plan was designed to cost $12 million — way over the spending budget that the company could afford back then, Ma explained.
Heading into today, shares of the company had lost 4.72% over the past month, lagging the Finance sector's loss of 3.07% and the S&P 500's loss of 2.61% in that time. For the full year, our Zacks Consensus Estimates are projecting earnings of $9.90 per share and revenue of $248.35 billion, which would represent changes of +68.94% and +2.56%, respectively, from the prior year. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
shares were doing well, up more than 1% after Goldman Sachs analysts placed the stock on its conviction buy list. It's been a bumpy ride for Nvidia this month, as the waves of selling in the broader market have taken their toll. In any regard, Goldman took Nvidia up to conviction buy with a $305 price target.
Intuitive Surgical, Inc ISRG reported adjusted earnings of $2.83 per share in the third quarter of 2018, which beat the Zacks Consensus Estimate of $2.65. The figure also surpassed the Zacks Consensus Estimate of $918.6 million. In the reported quarter, System revenues increased 4.8% year over year to $274.6 million.
This year has been an undeniably good one for Advanced Micro Devices (NASDAQ:AMD) shareholders. The AMD stock price is up 165% year-to-date, and seems to be dealing with recent headwinds relatively well. Although the turnaround is real, the market’s valuation of AMD stock has been exceedingly generous.
Berkshire Hathaway Inc.'s ( BRK.B) Class B shares are cheap if you apply the same metrics that its CEO Warren Buffett does to value companies, according to JPMorgan. In a research note, reported on by CNBC, analyst Sarah DeWitt said Berkshire, a company that investors have historically struggled to value properly because of its many moving parts, suddenly appears to be attractively priced when factoring in all the profits made by the stocks held in its $200 billion equity portfolio into its earnings. “Look-through earnings” take into account current period earnings that show up in financial statements, together with other sources of earnings expected in the long run. This method is used by Buffett as a way to appreciate that companies sometimes retain earnings after paying dividends and later invest them at a higher rate of return.