Jim Cramer, CNBC’s “Mad Money” host and a prominent fixture among market commentators, on Monday said the market is enduring “a very serious correction,” underscored by the fact that there are few fundamental reasons for the market’s current downtrend. During CNBC’s “Halftime Report,” Cramer said notable is a slump in shares of so-called FANG names — the highflying quartet of Facebook Inc. (FB) Amazon.com Inc. (AMZN) Netflix Inc. (NFLX)and Google parent Alphabet Inc. (GOOGL)(GOOG) that are among the most influential on Wall Street due to their massive market values and the degree by which investors have piled into those investments for hope of consistent growth. All of those companies are in a corrective phase, defined as a drop of at least 10% from a recent peak, and Netflix and Facebook shares have shed around a third of their values since hitting 52-week peaks.
The dramatic decline has left investors wondering about the worst-case scenario for the industrial icon. As new Chief Executive Officer Larry Culp tries his hand at a turnaround, the possibilities span everything from a prolonged fight for survival to a swift journey to the junkyard. Revenue growth and profit margins might suffer, but GE would have a shot at regaining a higher credit rating and reflating its dividend, winning back investors.
‘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.
A few years ago, InvestorPlace contributor Dan Burrows highlighted the 10 best-performing S&P 500 stocks of the past decade. A classic example of how true this is involves the Fidelity Magellan Fund (MUTF:FMAGX), the large mutual fund made famous by portfolio manager Peter Lynch. Fidelity studied the returns of Fidelity Magellan unitholders over those 13 years to see how they compared to the legendary portfolio manager.
Now the judge overseeing the bankruptcy is losing his patience and openly questioning why Cyrus, a major creditor, is standing in the way of a deal that could help salvage the retailer. “I want to know!” Judge Robert Drain said at the Thursday hearing as he rebuked Cyrus’s attorney. The dispute pits the hedge fund against Sears as it tries to line up more cash to get through the holiday season and craft a long-term survival plan.
Amazon and Facebook are J. P. Morgan internet analyst Doug Anmuth's top picks for the coming year. "Once Amazon gets past [the fourth quarter], we would expect growth to accelerate in early 2019," Anmuth told CNBC. J. P. Morgan took a deep dive into how the firm's clients can understand the booming e-commerce business.
As the death toll continues to climb from the wildfires raging across California and residents begin to try to rebuild, there’s a handful of lucky people who will not be faced with such a daunting task. The celebrity power couple called in private firefighters to save their $60 million home earlier this week. A number of insurance companies boast such services: AIG, for example, has what it calls a “Wildfire Protection Unit.” Others have a contract with a Montana-based company called Wildfire Defense Systems, which can dispatch private fire engines and firefighters to protect the homes of its clients in the case of a fire.
Nvidia (NVDA) reported a big miss on both the top and bottom lines for Q3 after market close on Thursday. The chipmaker earned $1.84 per share which was weaker than the $1.92 per share that was anticipated, according to analysts polled by Bloomberg. This
When U.S. President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told Washington it would do so. "The Saudis are very angry at Trump.
Ray Dalio, Hedge Fund giant Bridgewater Associates, joins 'Squawk Box' to discuss markets, the Fed and interest rates.
The sale marks another step in GE's planned $25 billion reduction in GE Capital assets, which were built up as the division financed sales of GE aircraft engines, locomotives, power plants and other products. GE Capital once supplied a large part of GE's profits, but the 2008 financial recession raised funding costs and nearly sank the entire company. GE's healthcare equipment unit makes medical scanners that can produce images of internal organs, bones and tissue.
The 37-year-old was stunned that officials from Walmart Inc., his startup’s new owner, were probing details of an affair years earlier. In its announcement, Walmart said it had initiated an independent investigation into an allegation of “serious personal misconduct.” The probe didn’t uncover evidence to support the charge. Flipkart employees and workers at other startups wondered whether Walmart was using the episode to push Bansal aside.
Sevens Report Founder Tom Essay on Berkshire Hathaway CEO Warren Buffett’s stock picks.
A thorough review of GE’s 10-Q financial report still shows more questions than answers around the company, especially because GE Capital could face additional headwinds, analyst Joe Ritchie wrote in a note. GE investors are grappling with two key questions -- how big of an equity infusion GE Capital needs, and whether the Power unit business is close to a bottom. Goldman sees a chance that the equity infusion from GE to GE Capital might be larger than the $3 billion previously stated for 2019.
After months of tranquility that became the envy of equity investors, The biggest cryptocurrency roared back into the public consciousness this week with the biggest sell-off since August, another fork and a cameo in a major semiconductor earnings report. Bloomberg Intelligence says the drama’s just starting. Many of Bitcoin’s closest peers, including XRP, the cryptocurrency also known as Ripple, fell in tandem.
It’s not, and all we need to do is look at Micron Technologies (NASDAQ:MU) to realize it. MU stock has traded a low valuation for the last few years and yet, it was never a catalyst that pushed the stock higher. Of course, Micron stock has gone higher, but that’s only as the DRAM cycle held up better than many investors and analysts were expecting.
It’s time to stop lumping Netflix Inc. (NFLX) in with the other FAANG stocks, Imperial Capital analyst David Miller wrote in a note to investors Friday. The FAANG stocks are a quintet of large-capitalization technology and internet companies widely followed by investors, comprising Facebook Inc. (FB) Apple Inc. (AAPL) Amazon.com Inc. (AMZN) Netflix and Alphabet Inc.’s Google (GOOG) They’re often lumped together, but Miller says it’s time to “decouple” Netflix from the rest of FAANG.
If you’re a 20-something looking to capitalize on long-term growth and dividends, then the following 10 stocks to buy are worth a look. Shares of travel review site TripAdvisor Inc (NASDAQ:TRIP) took a beating over the past year, falling more than 30%. Part of this comeback is the fact that TripAdvisor has something no other site in the online travel industry does — data.
“I believe that the market has over-corrected for GE’s many faults, and at the current stock price, that it is significantly undervalued,’’ Aswath Damodaran, a finance professor at New York University, said Wednesday in an analysis on his website.
A month has gone by since the last earnings report for Kinder Morgan (KMI). Will the recent negative trend continue leading up to its next earnings release, or is Kinder Morgan due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
The results prompted a slew of price-target cuts on Wall Street, with Goldman Sachs saying its bullish view had been “clearly wrong,” though many analysts maintained optimism about Nvidia’s longer-term growth prospects. Among notable decliners, Advanced Micro Devices Inc. fell as much as 8.2 percent and Marvell Technology Group dropped as much as 3.1 percent. Nvidia was just the latest in a series of disappointing forecasts from chipmakers, following bellwether names such as AMD and Texas Instruments Inc., which have together raised broad concerns about future demand for the technology sector.
The risk of a "flash crash" in markets is rising, strategists at Bank of America Merrill Lynch said on Friday, after a week in which previously-booming cryptocurrency Bitcoin tumbled, oil sank, and investors piled into stocks perceived as safer. Rising volatility across a range of asset classes and rapid deleveraging like that seen in oil markets in recent weeks are signs a bear market could have further to go, they said. Brent crude hit an eight-month low on Tuesday in its steepest one-day fall in more than three years and Bitcoin hit a 13-month low on Thursday, the latest assets to fall sharply.
Nvidia Corp. shares plunged in the extended session Thursday after the chipmaker’s earnings and outlook fell short of Wall Street estimates and a cratering in cryptocurrency sales helped build up an excess inventory of older gaming chips. Nvidia (NVDA) shares plunged 18% after hours, following a 2.6% rise to close the regular session at $202.39. Nvidia shares had already declined 21.9% in the past three months, as the PHLX Semiconductor Index (SOX) has declined 7.4% and the S&P 500 index (SPX) dropped 4.1%.
Chip equipment giant Applied Materials was falling 4.1% on Friday reporting disappointing October quarter results and forward guidance. For the fiscal fourth quarter ended Oct. 28, the company posted revenue of $4.01 billion and GAAP EPS of $0.89,
"I think Nvidia is going to miss the quarter, alright?" Cramer said on Oct. 13 at TheStreet's Boot Camp for Investors in New York. The miss and lackluster forward guidance sent NVDA shares down some 18% in after-hours trading Thursday evening -- a move that Cramer also correctly forecast back in October. Nvidia's done.' And then we're going to buy Nvidia back.