- TheStreet.com•3 hours ago
Monday's Tech Selloff Featured Some Signs of Capitulation
A look at the details surrounding Monday's ugly tech selloff, and more broadly the selling that has happened over the past two trading days, suggests there was some measure of capitulation going on. While almost no tech stocks were spared as the Nasdaq dropped 3% on Monday, it's notable that software firms accounted (by my counting) for 15 of the 22 tech names to drop by a double-digit percentage. , which continued selling off hard in response to the January quarter guidance it issued on Thursday afternoon, all of the others were Internet services firms.
- Yahoo Finance•16 hours ago
Amazon and other big tech stocks are being crushed: Here's the simple explanation
Reality continues to rain down on formerly high-flying big tech stocks. Sales growth in 2019 will probably be less explosive than 2018. Blame slowing user growth at the likes of Facebook or more competition for Amazon from the increasingly digitally savvy Target – the fact is the sales growth environment for big tech is taking a turn for the worse.
- MarketWatch•12 hours ago
Hedge-fund boss who predicted ‘87 crash says get ready for some ‘really scary moments’
‘From a markets perspective, it’s going to be interesting. Paul Tudor Jones, a hedge-fund luminary, said he’s stress-testing his portfolio of corporate debt because he expects a tumultuous road ahead on the back of the Federal Reserve’s apparent commitment to normalizing interest rates and buttressed by corporate tax cuts from the Trump administration. Speaking at an economic forum in Greenwich, Conn., a hotbed for hedge funds, Jones said the Fed faces real challenges amid “the end of a 10-year run” of economic growth that many anticipate will soon come to a screeching, cyclical end.
- CNBC•15 hours ago
This is what Google learned after interviewing one job candidate 16 times, according to Eric Schmidt
Eric Schmidt joined Google as CEO in 2001 and led the tech company for the next decade as the company grew from a start-up to a corporate behemoth, whose parent company, Alphabet, now has a market cap of over $740 billion . "They were super smart, somewhat disorganized kinds of people," Schmidt told Tyler Cowen on the " Conversations with Tyler " podcast. "The recruiting started off as informal, but it ultimately became very, very structured," Schmidt said.
- CNBC Videos•9 hours ago
Closing Bell Exchange: Interest rates most likely have pe...
Dan Suzuki, Richard Bernstein Advisors; Steve Grasso, Stuart Frankel; and CNBC's Rick Santelli, discuss today's big market drop.
- Yahoo Finance•7 hours ago
CEOs are losing faith in the U.S. economy
According to the latest CEO confidence index from trade publication Chief Executive, CEOs now have their lowest confidence in business conditions for the next twelve months since October 2017. Over the weekend, we noted that some strategists have seen the market action since early October as a sign of investors exiting a 2018-type mindset in which strong earnings and economic growth were seen as tailwinds and rising rates just a periphery concern.
- CNBC•6 hours ago
The sell-off can't end until these 10 problems are fixed, Jim Cramer argues
CNBC's Jim Cramer pinpoints the 10 drivers of the stock market's sell-off. Ten things need to change for the stock market to come back from its Monday declines , CNBC's Jim Cramer said as high-profile technology stocks Facebook FB and Apple AAPL led the major averages lower. Here are the various reasons that stocks are falling and what it would take for them to turn, according to Cramer: 1.
- CNBC•12 hours ago
This chart is proof 'buy the dip' is dead
"Buy the dip," isn't working for the first time in 16 years, according to analysis from Morgan Stanley. "Such market behavior is rare and in the past has coincided with official bear markets (20 percent declines), recessions, or both," says Morgan Stanley equity strategist Michael Wilson. One of Wall Street's most famous proverbs of this bull market is backfiring.
- MarketWatch•17 hours ago
Watch out for these 10 ‘retirement killers’
There are plenty of things that can ruin a person’s retirement plans — divorce, illness, job loss, overspending. A recent study has revealed for the first time the 10 biggest causes of financial regret among those who have retired or are near to retirement. The survey was conducted by researchers from the RAND Corporation and the Max Planck Institute in Munich, Germany.
- Barrons.com•18 hours ago
Apple Stock Could Keep Falling. Here’s Why
Not long ago, the iPhone maker was the toast of the market as the first U.S. company worth more than $1 trillion. Apple stock plunged 17%, wiping out nearly $190 billion in shareholder value. In September, Apple (ticker: AAPL) released the $999 iPhone XS and the $1,099 iPhone XS Max, followed by the midrange $749 iPhone XR in October.
Reuters•9 hours agoSaudi king to open $22.7-billion mining project on Thursday, Al Arabiya TV
Saudi Arabia's King Salman will inaugurate on Thursday the Waad Al-Shamaal project, a 440-square-km city for mining industries in the country's northern region, Al Arabiya TV said, quoting energy minister Khalid al-Falih. Saudi authorities estimate the region holds 500 million tonnes of phosphate ore, around 7 percent of global proven reserves, mainly in the Al Jalamid and Umm Wu'al areas between Arar and Turaif. Saudi Arabia’s efforts to build an economy that does not rely on oil and state subsidies involves a shift towards mining vast untapped reserves of bauxite, the main source of aluminium, as well as phosphate, gold, copper and uranium.
- Bloomberg•12 hours ago
Bridgewater's Dalio Expects Low Returns for a 'Very, Very Long Time'
Nov.19 -- Ray Dalio, founder at Bridgewater Associates, says years of low interest rates and quantitative easing have squeezed most of the returns out of U.S. assets. He speaks with Bloomberg Opinion columnist Barry Ritholtz at the Bloomberg Opinion Masters in Business event. Ritholtz's opinions are his own.
- MarketWatch•12 hours ago
Dow tumbles 425 points to start Thanksgiving week; Boeing, Apple deliver biggest intraday blows
MARKET PULSE The Dow Jones Industrial Average (DJIA) was sinking midday Monday, pressured by a decline in Boeing Co.'s stock (BA) and Apple Inc. to start the holiday-shortened week. Boeing shares were exacting a roughly 100-point toll
- CNBC•9 hours ago
The bull market is 'in trouble,' more selling to come: BNY Mellon
The market could take another leg down, says BNY Mellon's Alicia Levine. State Street's Michael Arone doesn't see the end of the bull market, yet. The bull market is "in trouble," strategist Alicia Levine told CNBC on Monday.
Fortune•18 hours agoThe 5 Best Tech Stocks to Buy for 2019—When Facebook and Google Are Cheap
“Unless someone convinces me that all of us are going to go back to TVs and radios, I still think digital advertising is a place where the growth will continue,” says Melda Mergen, deputy global head of equities for Columbia Threadneedle Investments. Facebook, for one, is trading at its lowest valuation ever, just 19 times earnings—about the average of the S&P 500 and half as expensive as it was a year ago. “This may end up being one of the last buying opportunities,” says Dan Chung, CEO and CIO of Fred Alger Investments, who owns both stocks.
- TheStreet.com•8 hours ago
Splunk Goes Splunk, Salesforce and Twilio Tumble as Cloud Stocks Fall
The decline comes as the Nasdaq plummeted more than 3%, bringing its year-to-date gain to just 1.69%. Twilio, which has had a great year, is getting hammered. The cloud communications company fell 13.76% to $76.90 a share.
- TheStreet.com•8 hours ago
Nvidia Stock Falls Another 12%
Shares of Nvidia Corp. dropped another 12% Monday as investors continue to punish the chipmaker following disappointing revenue and guidance in its third-quarter earnings results. Nvidia lost $19.73 to close at $144.70, and shares hit a new 52-week
- Investopedia•15 hours ago
General Electric Shares Flag Red With Unusual Trading Activity
A loss of 53.87% the past year for shares of General Electric Company ( GE) tells a story of unusual bearish trading activity accompanying the move. The main criteria we look for when betting on upside in a stock are improving fundamentals, leading technicals and bullish trading activity in the shares, all of which GE is missing.
- MarketWatch•8 hours ago
Netflix’s ‘death cross’ is the third for FAANG stocks and Nasdaq Composite is next
Netflix Inc. stock has fallen far enough and long enough to produce its first “death cross” pattern in nearly three years, and become the third member of the former FAANG technology darlings to suffer that bearish technical fate. A death cross refers to when a price chart’s 50-day moving average, viewed by many as a short-term trend tracker, crosses below the 200-day moving average, which many recognize as a dividing line between longer-term uptrends and downtrends.
- MarketWatch•8 hours ago
Fat lady isn’t singing bull market’s swan song—‘but if you listen closely you can hear her warming up’, says strategist
Wall Street analyst Michael Arone offers a fitting encapsulation of how market participants are perceiving this latest downdraft, with tech-heavy Nasdaq Composite Index (COMP)deepening its slide in correction territory—defined as a decline from a recent top of at least 10%— the Dow Jones Industrial Average (DJIA) sinking more than 500 points at its lows, and the S&P 500 index (SPX) declining by 2%.
- Investopedia•13 hours ago
How Nvidia Makes Money (NVDA)
2018 was a breakthrough year for Nvidia Corporation (NVDA), until it wasn't. Nvidia is a graphics processing chip manufacturer that currently generates most of its revenue from the sales of graphics processing units (GPUs), which are used for competitive gaming, professional visualization, and cryptocurrency mining. Riding on the coattails of a cryptocurrency boom, the graphics processing company soared 42.18% year-over-year to a record-high share price of $289.36 on October 1, 2018. Just over one month later, on November 15, 2018, Nvidia delivered disappointing Q3 FY19 revenue guidance, falling short of analysts' expectations by about $700 million.
- CNBC•2 days ago
Survey: Wealthy investors think the bull market is coming to an end, but they don't blame politics
Investors with at least $1 million invested in a brokerage account aren't making major changes in their portfolios after the midterm elections. Investors think the end of the record bull run is almost here — but they aren't blaming the change of power in Congress.
- MarketWatch•7 hours ago
The poster child of bull-market excess just dimmed the prospects of the broader stock market
Investors ought to pay attention to the changing character of the U.S. stock market. Investors may want to prepare now and fine-tune their skills for a different kind of market. Please click here for the chart of money flows in 11 popular technology stocks.
- SmartAsset•17 hours ago
How Retirement Savings Behavior Is Changing by Income, Age and Race
Given that they are living longer, Americans need to be more prepared than ever for retirement, whether that’s in building their own savings in tax-advantaged accounts or investing with a professional financial advisor. Below, we examine data on retirement accounts like 401(k)s and IRAs to see how Americans are adapting to these changes. In order to track retirement savings and retirement account usage, we analyzed data from the Federal Reserve’s SCF (Survey of Consumer Finances) and specifically looked at data from 1989 to 2016.
Reuters•13 hours agoApple cuts production orders for all three new iPhone models: WSJ
A lower-than-expected demand for the new iPhones and Apple's decision to offer more models has made it difficult to anticipate the number of components and handsets the company needs, according to the WSJ report https://www.wsj.com/articles/apple-suppliers-suffer-as-it-struggles-to-forecast-iphone-demand-1542618587. Apple shocked investors a few weeks ago with a sales forecast for the Christmas quarter below Wall Street expectations, prompting certain suppliers to issue warnings that pointed to weakness in new iPhone sales. Screen maker Japan Display Inc cut its full-year outlook citing weaker smartphone demand, while British chipmaker IQE Plc said it expects a material reduction in its financial performance in the current year.
