Suze Orman broke the internet earlier this month when she told the “Afford Anything” podcast that those buying into the FIRE movement (financial independence, retire early) better save at least $5 million to achieve that goal. “Her views ruffled a lot of feathers, but after crunching the numbers, I have to agree — $5 million sounds about right if you want to retire before the age of 60,” the Financial Samurai blog’s Sam Dogen said. Dogen says 40 is the absolute earliest he’d recommend anybody retire, although even then, that’s asking a lot out of your investments.
Semiconductor stocks have had it very easy for the last few years. In looking for semiconductor stocks to dump I’m looking for companies that investors had overreached for, but where the final collapse has not yet come. Put the cash in your pocket while it’s still on the table.
Boeing didn't tell airline pilots about features of a new flight-control system in its 737 MAX that reportedly is a focus of the investigation into last month's deadly crash in Indonesia, according to pilots who fly the jet in the U.S.
Shares of General Electric Co. shot higher Tuesday, as the struggling industrial giant’s planned sale of its stake in Baker Hughes gave investors reason to cheer after a bruising period. The rally comes after the GE shares closed Monday below the $8 mark for the first time since the depths of the financial crisis. Baker Hughes’s stock (BHGE)rose 0.7% Monday, after falling 18% the previous 14 sessions.
Nearly two-thirds (62%) of Sears Holding Corp. customers say they’d consider a move to Home Depot Inc. for appliances, according to data gathered by GlobalData Retail. Sears (SHLDQ) , which has filed for bankruptcy, continues to shutter stores, leaving market share up for grabs. Home Depot (HD) appears poised to snap up those customers.
L Brands Inc. could bring back the Victoria’s Secret swimsuit line now that the company has signaled no strategy is off limits if it improves profitability, Wells Fargo analysts say. L Brands’ (LB) portfolio includes Victoria’s Secret and Bath & Body Works. Wells Fargo upgraded L Brands to outperform from market weight, with analysts seeing a turnaround on the horizon as the company takes an “‘all options on the table’ mentality.” Analysts don’t expect a turnaround in the near future, but shuttering Henri Bendel and considering options, including a sale, of the La Senza business shows that the company has taken on a new focus.
Jim Cramer reviews the negative coverage of Apple, Facebook, Amazon, Netflix and Alphabet's stocks. CNBC's Jim Cramer is tired of seeing negative Wall Street coverage suffocate the stocks of Apple AAPL and FANG, his acronym for Facebook FB , Amazon AMZN , Netflix NFLX and Google, now Alphabet GOOGL .
Nucor Corp, America’s largest steelmaker, planned a new plant in Sedalia, Missouri, long before U.S. President Donald Trump imposed tariffs to protect the industry – and it does not need them to make money. Although the firm helped lead the lobbying push for tariffs on imports, executives say they invested in Sedalia and two other sites to capitalize on an already profitable strategy that doesn't depend on government help. While Trump has played up the narrative of downtrodden steel workers losing jobs to unscrupulous foreign competitors, most of the benefit from his 25 percent tariffs are flowing to the already strong bottom lines of Nucor and other modernized and globally competitive U.S. steel firms, according to interviews with industry executives, experts and a Reuters review of company earnings.
The Dow drops 600 points as stocks get slammed. Should investors still be buying the dip? With CNBC's Joe Kernen and the Fast Money traders, Pete Najarian, Steve Grasso, Brian Kelly and Tim Seymour.
Guggenheim downgraded Apple to neutral from buy and removed its prior $245 price target. UBS cut its 12-month price target on Apple to $225 from $240 and lowered iPhone unit sales estimates for the current quarter to 73.5 million from 75 million. On Tuesday, Goldman Sachs cut its iPhone estimates and lowered its price target on the stock to $209 from $222.
Recent market volatility hasn't provided a "Big Low" in stocks, said Michael Hartnett, chief investment strategist at Bank of America Merrill Lynch. The recent stock market slid may look bad, but it wasn't bad enough to indicate that the damage has been completely done, according to Bank of America Merrill Lynch. "We remain bearish, as investor positioning does not yet signal 'The Big Low' in asset markets," Michael Hartnett, BofAML's chief investment strategist, said in a statement.
Dalio’s Bridgewater Associates maintained its holdings in SPDR Gold Shares, the largest bullion-backed ETF, at 3.9 million shares, and its stake in iShares Gold Trust, the second-largest, at 11.3 million shares in the third quarter, according to a regulatory filing Tuesday. Bridgewater stayed loyal to bullion even amid an investor sell-off that sent assets in bullion-backed ETFs tracked by Bloomberg tumbling by 2.79 million ounces in the third quarter, the first such decline since the end of 2016. The hedge fund also added to its holdings in Barrick Gold Corp., Franco-Nevada Corp., Newmont Mining Corp. and Kinross Gold Corp. in the third quarter.
Republicans are losing their hold on upper-middle-class suburbs, and the tax reform bill may be to blame. Although a number of races are still too close to call, Democrats have taken 30 seats so far — more than the 23 GOP districts they needed to seize control of the House of Representatives. In swing districts across the country, new Democratic challengers vowed to defy the Trump administration while Republican incumbents touted the benefits of tax reform and a booming economy.
Shares of Nvidia NVDA have plummeted over 30% since they hit their all-time high at the start of October. Amid broader market uncertainty, concerns remain that historically cyclical chip stocks will continue to decline. Nvidia’s chips help power everything from gaming to datacenters.
J. C. Penney Company, Inc. JCP is slated to release third-quarter fiscal 2018 results on Nov 15, before the market opens. The Zacks Consensus Estimate for revenues is $2.83 billion, up marginally by 0.7% from the year-ago quarter. J. C. Penney has been in troubled waters for quite some time, losing customers to cheap sellers.
Jim Cramer flags an opportunity in shares of data-focused technology play Dropbox in the lightning round.
“An increasing chunk of the investor base is of the view that one has to be already positioned for the next downturn,” strategists Mislav Matejka, Prabhav Bhadani and Nitya Saidanha wrote in a note Monday. A panoply of negatives has hit the U.S., and global, stocks since the start of October, starting with a rebound in benchmark Treasury yields, which has enhanced the appeal of risk-free investments.
Semiconductor stocks have been battered by recent market-wide volatility and concerns that the industry’s strong cycle is nearing its end. The aforementioned emerging tech trends have created new consumer demand, and the semiconductor makers are delivering. Mellanox Technologies is a leading supplier of semiconductor-based computer networking products to world-class server, storage, and infrastructure OEMs.
Binny Bansal, 37, stepped down immediately following an independent probe into the allegations, which the executive denies, Walmart said. “While the investigation did not find evidence to corroborate the complainant’s assertions against Binny, it did reveal other lapses in judgment, particularly a lack of transparency, related to how Binny responded to the situation,” Walmart said in a statement.
This has lagged the Computer and Technology sector's loss of 5.26% and the S&P 500's loss of 1.27% in that time. The Wireless Equipment industry currently had an average PEG ratio of 2.18 as of yesterday's close.
Advanced Micro Devices (NASDAQ:AMD) consistently squares off against the world’s toughest competitors in the most lucrative markets. What makes this accomplishment so impressive is that Advanced Micro Devices stock has been a different animal since the end of September. On the positive end of the scale, AMD has gained market share against long-time archnemesis Intel (NASDAQ:INTC).
Cisco CSCO saw its stock price slip 1.10% during regular trading hours Tuesday in a sign that investors might have cold feet about the tech power’s quarterly financial results due out after the closing bell Wednesday. Cisco posted strong fiscal fourth-quarter results to help cap a solid year. “Security continues to be our customers number one concern and it is a top priority for us,” CEO Chuck Robbins told analysts on Cisco’s Q4 earnings call.
All in all, November isn't shaping up to be much better than October. The Nasdaq Composite Index fell back into correction territory on Monday, pulled down by major tech stocks. Concerns about overblown valuations have hurt the sector over the last
GE will sell as many as 166.2 million shares in the oilfield-services provider through a secondary offering and a stock repurchase by Baker Hughes, the companies said in statements Tuesday. Culp’s decision punctuates GE’s pivot away from the oilfield businesses that had been championed by former CEO Jeffrey Immelt, who spent $10 billion on deals in the decade through 2013 and agreed in 2016 to merge GE’s crude-related assets with Baker Hughes. “We like seeing GE’s new CEO Larry Culp hasten the pace of the company’s portfolio breakup to generate sale proceeds to de-lever the balance sheet,” Deane Dray, an analyst at RBC Capital Markets, said in a note to clients.
NEW YORK/HOUSTON (Reuters) - General Electric Co (GE.N) plans to raise $4 billion in needed cash by year end, the company said on Tuesday, speeding its planned sale of a stake in oilfield services unit Baker Hughes (BHGE.N). Before the announcement, prices on a number of its bonds had fallen far below par value, after new Chief Executive Officer Larry Culp noted the "urgency" of shoring up the conglomerate's weak finances. GE said it will sell up to 101.2 million Baker Hughes shares on the open market and that Baker Hughes will buy 65 million of its own shares from GE, using a $1.5 billion repurchase arsenal Baker Huges already has authorized.