Millennials may have only a little saved for retirement, but they still want to retire early. A recent Bankrate.com survey asked millennials, classified as Americans ages 18 to 37, what the perfect time to retire would be. Of those millennials already saving, the median retirement account balance is about $19,100.
Texas Instruments has dumped CEO Brian Crutcher for personal misconduct less than two months after he took over the job, ruining the chip maker's hopes for a smooth transition to new leadership. Crutcher resigned Tuesday after TI's board determined he violated the company's code of conduct with behavior the company said was not consistent with its ethics and core values. TI emphasized Crutcher's transgression wasn't related to its operations or finances.
On Tuesday, Walmart WMT revealed that it has entered a five-year deal with Microsoft MSFT which will allow the retail giant to use the tech firm’s cloud solutions, such as Azure and 365. For Walmart, the deal is an obvious move to fight back against Amazon AMZN, the company’s biggest competition in the retail space. The partnership will significantly bolster Walmart’s online operations as the retailer embarks on a critical digital transformation to combat Amazon’s e-commerce success.
Fund giant Vanguard Group recently reported 51 percent of investors in 401(k) plans with the firm put all their money into a single target-date fund in 2017. Fidelity Investments has similar figures. But some experts warn this hands-off approach can ba...
Berkshire Hathaway Inc. shares climbed the most in four months after the company signaled that investors may soon get their hands on part of a $109 billion mountain of cash that’s bedeviling Warren Buffett. The firm’s board announced late Tuesday that it’s removing a cap on stock buybacks, giving the Berkshire chairman and chief executive officer greater leeway to parcel out profits, rather than hunt for more acquisitions. Buffett and Vice Chairman Charlie Munger can now make repurchases whenever they both believe the price “is below Berkshire’s intrinsic value, conservatively determined,” the company said.
How many credit cards should you have if you want an excellent credit score? A credit score is a personal rating that determines the interest you pay for a loan, or whether you qualify for a loan at all. It's calculated based on payment history, how much you owe, your length of credit history, the types of credit you have and how often you apply for new credit.
Investors are always looking for stocks that are poised to beat at earnings season and Union Pacific Corporation UNP may be one such company. In fact, the Most Accurate Estimate for the current quarter is currently at $1.94 per share for UNP, compared to a broader Zacks Consensus Estimate of $1.93 per share. This suggests that analysts have very recently bumped up their estimates for UNP, giving the stock a Zacks Earnings ESP of +0.14% heading into earnings season.
Portfolio Wealth Advisors president and CIO Lee Munson believes tech stocks are overvalued and that the market is in a phase akin to 1999 before the 2000 Dotcom bubble. “I do think we’re in a tech bubble,” Munson told Jen Rogers on the Final Round. FAANG stocks refer to the five big American tech stocks: Facebook (FB), Amazon (AMZN), Apple (AAPL), Netflix (NFLX) and Alphabet (formerly Google, GOOG).
Investors in Rite Aid Corporation RAD need to pay close attention to the stock based on moves in the options market lately. What is Implied Volatility? Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
John Schnatter, the founder of Papa John’s International who resigned as chairman of its board of directors following reports of racist language he used in a conference call, is not going down without a fight. To that end, he sent a letter to the board this weekend outlining his case that he was wrongly asked to step down as chairman, that his comments had been “mischaracterized” in press reports, and that the whole affair began when he refused to work with Kanye West as a co-spokesman for the company. Schnatter resigned last week as chairman of Papa John’s after Forbes said that he used the n-word and spoke in graphic terms about lynchings during a conference call in May. Papa John’s also pulled Schnatter’s image from its logo, TV ads and other marketing to distance itself from its founder.
Several drug companies have recalled medications containing valsartan, an off-patent ingredient used in generic medications to treat heart failure and high blood pressure. The companies blamed the recall on the presence of N-nitrosodimethylamine (NDMA), an impurity thought to be produced because of changes in manufacturing that is classified as a probable cancer-causing agent. The Food and Drug Administration issued an announcement about the voluntary recalls on July 13.
If you were a bit concerned about Bank of America (NYSE:BAC) before earnings, you weren’t alone. Off the price chart, back-winds of corporate tax cuts, conducive interest rates and favorable regulatory environment coupled with internal cost-cutting measures manifested themselves into a better-than-expected profit report for Bank of America. On the price chart, the situation looks equally supportive for shareholders to line their own coffers following an important and lengthy technical incarceration from which BAC bulls can break out of.
General Electric Company GE is scheduled to report second-quarter 2018 results on Jul 20, before the market opens. The company’s average earnings surprise was a positive 3.27%. In the last reported quarter, the company’s earnings of 16 cents per share surpassed the Zacks Consensus Estimate of 11 cents by 45.45%.
Frontier Communications Corporation FTR has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock. RSI stands for ‘Relative Strength Index’ and it is a popular indicator used by technically focused investors. This is especially true when investors take a deep dive into some of these estimate revision stats and recent changes to Frontier Communications’ earnings consensus.
Mike Wilson, Morgan Stanley, on the rocky market road ahead. Is it time to get defensive? With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Guy Adami.
Now that second-quarter earnings season is in swing, we've already heard from a number of big banks, although with mixed reactions. On the payments side of financials, Oppenheimer's Glenn Greene takes a look at Mastercard (MA) and Visa (V) ahead of their reports, writing that he expects their robust run to continue. Greene reiterated an Outperform rating on both stocks Tuesday, and raised his price target on Mastercard to $215 from $197, and for Visa to $154 from $143.
The S&P 500 is an index containing the largest stocks in the country. Generally speaking, the index is also used as a benchmark, as everyone from retail investors to hedge fund managers compare their performance to it. With that being said, there are a lot of names in the S&P 500 that investors don’t want to own, simply because they are not performing well.
It’s been hard to be a shareholder in copper and gold stock Freeport-McMoRan (NYSE:FCX) over the last few years. First, there was the collapsing copper and gold prices due to the recession. The latest battle and subsequent bruising to its share price stem from issues with the Indonesian government at its largest mine — and there is finally some closure on that front.
The golden arches aren’t getting any lovin’ from investors this year, as McDonald’s Corp. ( MCD) is among the Dow Jones Industrial Average’s worst performing stocks this year. Down already 7.2% since the start of January, the popular fast-food chain is on track for its worst performance since 2012, and there’s still plenty of downside according to asset management firm Piper Jaffray. Craig Johnson, the firm’s chief market technician, outlined a scenario on CNBC’s Trading Nation on Monday where McDonald’s shares could fall to a $130 price support level, implying further downside of nearly 19%.
If lackluster earnings a while back weren’t concerning enough for CSCO stock bulls, now there’s the market’s 800 lb. gorilla Amazon.com (NASDAQ:AMZN) to worry about. Late last week it was announced the sprawling tech Goliath would be selling its own network switching devices through its Amazon Web Services unit and, potentially, cutting in on Cisco’s business.
The company's shares fell as much as 2.5 percent in after-market trading even as Texas Instruments reported second-quarter earnings and sales figures that beat estimates. Chairman Rich Templeton will reassume the roles of chief executive officer and president and the chipmaker is not searching for a replacement, Texas Instruments said. "The violations are related to personal behavior not consistent with the company's ethics and core values, but not related to company strategy, operations or financial reporting," Texas Instruments said in a statement.
Advanced Micro Devices (NASDAQ:AMD) has been on fire since its last earnings report in late April. While AMD stock wasn’t trading at its absolute lows when it reported, it was pretty close. Anyway, the quarter helped propel shares from roughly $10 to
Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: Cigna Corporation (NYSE:CI): This health services organization has seen the Zacks Consensus Estimate for its current year earnings increasing 0.1% over the last 60 days.
Alibaba Group (BABA), perceived as the "Amazon of China," is a must-own franchise for some investors -- myself included. From the different analyst reports I've read, there are multiple headwinds causing them to lower EPS projections, including growing competition in e-commerce and cloud services, economic slowing in China and RMB currency depreciation, a one-time step-up in stock compensation related to Ant Financial’s recent financing, and overall increasing investments by Alibaba that will hurt profitability. China's e-Commerce market is expected to pass $1.1 trillion in 2018.
If you spent $460 a share for Amazon stock during the company’s first Prime Day three years ago, it has quadrupled to about $1,840 by market close on July 17, the day its fourth Prime Day ended. Amazon (AMZN) said online shoppers purchased more than 100 million products worldwide during its Prime Day sale this year. Prime Day has been a win for investors — and some believe it will continue to be.