"I'm down to maybe four dividend-owning stocks, two shorts, and Amazon and Netflix," the billionaire says. Billionaire entrepreneur Mark Cuban told CNBC on Monday that he's holding much more cash than he normally does because he's concerned about the stock market and U.S debt levels. Cuban said Amazon and Netflix are his biggest holdings.
China’s money-printing industry is running at "full steam" for foreign clients including Thailand, Bangladesh, Sri Lanka, Malaysia, India, Brazil, and Poland, according to reports. The printing is linked to China's Belt and Road Initiative, which has seen China build infrastructure and invest in about 60 countries in Europe, Asia, and Africa. "A nation must have considerable trust in the Chinese government to allow it to print its banknotes," Hu Xingdou, a professor of economics at the Beijing Institute of Technology, told the South China Morning Post.
AT&T (T) shares are higher on Monday, helped by a vote of confidence from Morgan Stanley. Where we were: AT&T shares have badly trailed the market this year, amid wider underperformance for telecom in general, and concerns surrounding its takeover of Time Warner. Where we're headed: The telecom sector will soon be replaced by the communications services sector, and AT&T itself could get a boost, given its low valuation and potentially growing investor appetite for defensive stocks.
In a matter of just a few years, “the Cloud” has evolved from a budding new tech feature to one of the main factors driving growth in the technology sector. Cloud computing is now an essential focus for software-related companies, and cloud stocks have piqued the interest of many tech-focused investors. New technologies and changing consumer behavior have changed the shape of the technology landscape, and an industry that was once centered on the personal computer has adapted to survive in the world of mobile computing and the Cloud.
Semiconductor stocks were battered by market volatility earlier this year, but tech has made a strong recovery, and with several interesting trends like the Internet of Things and artificial intelligence on the rise, it is still an exciting time to be investing in chip-making corner of the technology sector. While tech behemoths like Microsoft MSFT and Apple AAPL may hog all the headlines, it has really been the companies powering their technologies—the semiconductor manufacturers—that have been garnering the attention of Wall Street. Indeed, as our “Computer and Technology” sector has gained about 22% over the past year, semiconductor companies have been a driving factor behind its growth.
Aug.14 -- President Trump's top national security aid is said to have warned Turkey's ambassador that the U.S. has nothing further to negotiate until a detained American pastor is freed, signaling a standoff between the countries will continue as Turkey
Young people are optimistic when it comes to their financial futures. According to new research from Charles Schwab , which surveyed 2,000 young Americans aged 16 to 25, a resounding 76 percent think they'll have a better financial future than their parents. The good news is, "a big percentage put saving for retirement as a high priority," she says.
The decline in oil prices may accelerate as the U.S. dollar soars higher, and that's bad news for oil stocks. Oil prices and the dollar tend to go in opposite directions, representing what experts call a negative correlation. Should the dollar continue to strengthen against other foreign currencies, the price of oil will probably decline.
Recreational marijuana is now legal in Canada as well as a number of states in the U.S. Companies have raced to get in on the multibillion-dollar a year industry, so let’s see how two of the bigger pure-play pot stocks, Cronos Group CRON and Canopy Growth CGC, are projected to perform Tuesday. The Canadian government voted to legalize recreational marijuana use in June, becoming only the second country in the world to legalize the drug nationwide. Meanwhile, nine U.S. states and the District of Columbia currently allow legalized recreational marijuana use, with 30 states giving the okay for medical use.
said recently that the U.S. 10-year Treasury yield "should be 4% today, [and] you better be prepared to deal with rates of 5% or higher -- it's a higher probability than most people think." Is America's most famous banker right ... and if so, how should smart investors play this? After all, no one will clamor for a stock with a 3.6% dividend when the U.S. Treasury will pay you 5% for your money. JPMorgan currently trades at less than 12 times forward earnings.
Tesla Tesla going private at $420 would be too expensive for private investors and too cheap for current shareholders, says Pierre Ferragu of New Street Research. Ferragu says leaving public markets would have "little tangible value" for Tesla. His
The Vanguard FTSE Emerging Markets ETF has slumped nearly 4% in the past week, driven by Turkey's currency crisis. Its top-10 owners include Betterment and Wealthfront, two robo-advisors that predominantly cater to millennials. The value of their
After starting off higher on the day, U.S. indices had trouble maintaining altitude throughout the trading session. Worries over Turkey combined with a strong rally over the past six weeks is likely acting as a catalyst for profit taking. Let’s see if
Fidelity Investments recently announced that it was introducing two index funds with zero annual expenses, while also slashing expenses on its other index funds and dropping the required minimum investment on all funds, both actively managed and indexed. Why is Fidelity doing this? When I started writing about mutual funds in the late 1980s, Fidelity’s swagger bordered on nauseating, as it relentlessly peddled a slew of star fund managers, notably Magellan’s Peter Lynch.
Cisco Systems Inc. will wrap up its fiscal year with an earnings report that could have investors focusing on the future instead of the results. Cisco (CSCO) is scheduled to report fiscal fourth-quarter earnings Wednesday after the closing bell, but those earnings aren’t what investors have focused on lately.
Facebook FB has seen its stock price sink over 13% since it reported second-quarter financial results that highlighted some potentially scary trends. Reports surfaced last week that Facebook is in talks with JPMorgan Chase JPM, Wells Fargo WFC, Citigroup C, and U.S. Bancorp USB to see if the banking giants would be open to partnerships. Facebook hopes that banks will share financial information about their customers on everything from card transactions to checking-account balances.
As Nvidia NVDA gears up to report its latest quarterly earnings this week, one top technician warns of pain ahead on the results. Shares of the chipmaker have been on a tear, now up more than 64 percent in the past year. Worth first alludes to a chart of the PHLX semiconductor index , which acts as a proxy for the broader semiconductor industry.
Aug.13 -- In "Futures In Focus," Paul Nolte of Kingsview Asset Management discusses the decline in gold as prices reach an 18 month low. He speaks with Bloomberg's Julie Hyman on "Bloomberg Markets."
Shares in U.S. motorcycle manufacturer Harley Davidson (HOG) traded lower by more than 4% on Monday after president Trump tweeted over the weekend that he supports customers who plan to boycott the company over their plans to shift some production overseas to avoid retaliatory tariffs in the European Union on their products. A big percentage of the products affected are agricultural goods and various types of steel and aluminum, but he EU appears to have targeted Harley Davidson as a uniquely American brand that’s especially popular in areas of the U.S. that supported President Trump in the 2016 election. Europe has become an important market for the company as U.S. sales have slowed with the aging of their key demographics and a large number of used Harleys on the market suppressing demand for new motorcycles.
Nearly everyone looks forward to retirement, but not everyone is sure of the ins and outs. One of the first questions people have is when to take retirement account distributions — and what to do with them. Others aren't sure whether they must use a financial professional or make many of the decisions on their own.
If you start taking Social Security before your full retirement age, earning more than $17,040 from work will reduce your benefits temporarily. Once you're on Medicare, extra income could potentially trigger surcharges for parts B and D. Also, don't overlook your required minimum distributions from retirement accounts once you reach age 70½.
J. C. Penney Company, Inc. JCP is slated to release second-quarter fiscal 2018 results on Aug 16, before the market opens. The company’s bottom line outperformed the Zacks Consensus Estimate in two of the trailing four quarters. After registering a bottom-line decrease in the first quarter of fiscal 2018, J. C. Penney is likely to record year-over-year decline of 22.2% in the second quarter of fiscal 2018 as well.
Turkey's central bank took action Monday to free up cash for banks as the country grapples with a currency crisis sparked by concerns over President Recep Tayyip Erdogan's economic policies and a trade and diplomatic dispute with the United States. The Turkish lira has nosedived over the past week, accelerating a months-long decline, and tumbled another 7 percent on Monday as the central bank's measures failed to restore market confidence.
When it comes to hyper-growth streaming device maker Roku (NASDAQ:ROKU), you can’t just write off competitive threats. As of this writing, ROKU stock had fallen about 4% to $50. Clearly, the narrative surrounding ROKU stock has dramatically changed course, and rightly so.
The billionaire investor sold Twitter to add to his cash stockpile, which he's keeping to guard against worries in the U.S. stock market and current debt levels. Twitter shares are up more than 100 percent this year and about 40 percent in 2018. Billionaire investor Mark Cuban is opting for cash instead of shares in Twitter TWTR .