The shares of this Ireland-based biopharma are "en fuego" after the company released positive top-line data from a Phase 3 trial called REDUCE-IT (Reduction of Cardiovascular Events Outcomes) Monday morning. This study is aimed at using Vascepa for individuals with high triglycerides with mixed dyslipidemia and would increase Vascepa's potential customer base substantially if approved, which now seems likely based on trial results. Vascepa is a prescription-only omega-3 fatty acid capsule.
The top is in for existing-home sales, which make up 90% of transactions in the US, according to economists at Bank of America Merrill Lynch. The largest segment of the housing market has peaked and will no longer contribute to the US economy's growth, according to US economists at Bank of America Merrill Lynch. "We are calling it," the team led by Michelle Meyer said in a research note on Friday.
Shares of Advanced Micro Devices Inc. broke a five-day losing streak on Monday, rising 5% after an RBC Capital Markets analyst initiated coverage of the stock with a bullish rating. RBC’s Mitch Steves joined a growing chorus of optimistic analysts who see room for AMD (AMD) to gain share in the server business and capitalize on demand for gaming products. AMD has a rocky past in the server business, and it has most recently struggled to compete against Intel Corp. (INTC) As Intel undergoes stumbles of its own and as AMD executes on its strategy, Steves sees AMD capturing a more sizable piece of the server market.
Louise Yamada is a Wall Street legend. As one of the first female technicians, she called the Enron and Tyco debacles before they happened and knew someone was selling the financials as early as 2007. Listen to her now explain the current state to the
J.P Morgan Chase Chairman & CEO Jamie Dimon speaks with CNBC's Jim Cramer about stock buybacks.
Over the next five years, the federal government will provide subsidies in excess of $1 trillion for retirement saving, according to estimates from the Joint Committee on Taxation. The bulk of these subsidies will be delivered through defined-contribution accounts, such as 401(k)s and IRAs, that lower savers’ tax bills if they sock money away for retirement. While retirement security is indeed an important policy goal, the way we subsidize such saving is ineffective, regressive and in pressing need of reform.
In many respects, the top tobacco stocks defy logic. The Surgeon General’s Office released their report warning about the dangers of tobacco in 1964. Despite a sustained anti-smoking crusade, tobacco stocks continued marching higher.
DEEP DIVE Shares of many U.S. semiconductor manufacturers and their suppliers have been hammered over the past week, as investors have learned about the potential effects of President Trump’s trade war with China. But a high level
Today’s question is about how last year’s tax reform will affect an old tax deduction: the extra personal exemption we all get when we turn 65. For more information on this topic, check out “Beware These 10 Common and Costly Tax Mistakes” and “How Not to Blow Your Tax Refund.” You can also go to the search at the top of this page, put in the words “taxes” and find plenty of information on just about everything relating to this topic. Hello, everyone, and welcome to your “2-Minute Money Manager.” I’m your host, Stacy Johnson, and this question’s brought to you by MoneyTalksNews.com, serving up the best in personal finance news and advice since 1991.
Goldman Sachs wants to send Lloyd Blankfein off in style: The prestigious white-shoe investment firm is spending top dollar to build its soon-to-be retiring chief executive a new office as he transitions to an advisor for the firm. The move is not sitting well with many of the rank-and-file employees, several of whom are complaining to FOX Business about the spending on Blankfein’s new digs. In an official statement, a Goldman spokesperson tells FOX Business the cost of the office would be well under $100,000 but would not provide an exact number.
The company’s latest issue involves GE Power, a division that has already had a series of operational setbacks. Although I do not think this problem will prevent GE stock from eventually rebounding, it could further delay the turnaround of GE Power. The customer, Exelon (NYSE:EXC), found what it described as an “oxidation issue” with the turbine’s fan blades at two Exelon plants in Texas.
Sep.24 -- Tony Crescenzi, market strategist and portfolio manager at Pimco, discusses Federal Reserve policy, bond yields and the economy. He speaks on "Bloomberg Surveillance."
Where we were: Newell has suffered a number of setbacks this year that have weighed on the stock. Consumer-staples stocks have lagged in 2018, but few big names have had as difficult a time as Newell Brands, which has fallen more than 33% year to date. Newell has been struggling with several issues, including a test of wills with activist investorCarl Icahn, disappointing guidance, the trade spat with China, a high debt load, and the Toys ‘R’ Us bankruptcy, which recently sent the shares to six-year lows.
When the Navarin, an oil supertanker carrying 2 million barrels of Middle East crude, docks at the Malaysian port of Pengerang on Monday, the arrival will signal the start of a torrid time for Asia’s oil market. The extra demand comes just as physical oil supplies are made scarcer by U.S. sanctions on Iran. Supplying the new refineries, and their impact on the wider oil market, will be one of the topics of conversation at the annual Asia Pacific Petroleum Conference in Singapore, where hundreds of oil traders from across the region will gather to strike deals this week.
Pandora remains deeply in debt despite a a deal last year in which Sirius bought a 15% in the company for $480 million in cash. "The addition of Pandora diversifies our revenue streams with the United States' largest ad-supported digital audio offering," Sirius CEO Jim Meyer said in the analyst presentation Monday morning. "As I've said many times, we would benefit from having a 'pre-funnel,'" Meyer said.
U.S. stocks mostly fell Monday following the roll-out of the Trump administration’s latest round of tariffs on Chinese imports. Reports that Deputy Attorney General Rod Rosenstein may be on his way out also weighed on markets. Rosenstein and President Donald Trump will meet in Washington, D.C., on Thursday to discuss the deputy attorney general’s future in light of recent events, which include a report last week that Rosenstein had previously suggested invoking the 25th Amendment in order to remove Trump from office.
Shares of Disney DIS and Netflix NFLX surged Monday for completely different reasons. Disney saw its stock price jump nearly 2% Monday after Comcast CMCSA officially outbid 21st Century Fox FOXA to take control of European pay-TV titian Sky SKYAY PLC. Comcast offered $22.59 a share—valued at $38.8 billion—which marked over a 40% premium to the cable and internet power’s February offer. Comcast saw its stock price plummet Monday following the weekend auction conducted by UK regulators.
Like most everything else these days, medical technology stocks have reached their highest valuations in decades. The med-tech sector is the year’s next strongest gainer. In a recent meditation on med-tech valuations, the analysts at Canaccord Genuity Group attribute med tech’s outperformance to revenue growth, merger activity, and the defensive character of health-care stocks when economic expansions slow.
Marijuana stocks have been on a rollercoaster ride in recent weeks, as new investors have entered the sector with thoughts of becoming instant millionaires. The reason is that marijuana stocks are very volatile and often move mostly on sentiment as well as on market mechanics. Further complications arise for marijuana investors from pump-and-dump schemes.
Which begs the question: Is this Warren Buffett’s worst investment? “I see no reason why Wells Fargo as a company…going forward is in any way inferior to the other big banks with which it competes,” Buffett said during annual shareholders meeting in May. “We have a large unrealized gain [in the stock].
Shares of Amarin Corp. (amrn) rocketed nearly four-fold, soaring 286% in premarket trade Monday, after the company said its cholesterol treatment met its primary endpoint of risk reduction. The company said Vascepa LDL-C treatment was also well tolerated. "Cardiovascular disease is the #1 killer of men and women worldwide1 and the REDUCE-IT trial results could lead to a new paradigm in treatment for the millions of patients in Canada currently at risk for this disease," said Greg Gubitz, chief executive of HLS Therapeutics Inc. (ca:hls) which has an agreement to commercialize Vascepa.
Shares of Walt Disney Co. (dis) are up 1% in premarket trading Monday after the company lost out to Comcast Corp. (cmcsa) in a bidding war for British television company Sky. Bernstein analyst Todd Juenger wrote that Disney "dodge[d] a bullet" and achieved "the best possible result" by missing out on a Sky acquisition. "We never understood why Disney would want to operate a European [direct broadcast satellite] business, and we never understood how Sky would contribute to Disney's DTC strategy," wrote Juenger, who has a market perform rating on the stock and a $113 price target.
Libby Leffler, a former Facebook executive and Google employee, is now the vice president of membership at SoFi. Leffler initially turned down the opportunity to work at Facebook when the company approached her in 2008. In 2008, Libby Leffler was offered a job at Facebook.
If you didn’t know any better, you would call Facebook (NASDAQ:FB) stock a bargain. As of this morning, Facebook stock was trading for about $164 per share. That means investors are paying a little over 25 times earnings for a company that’s growing 40
Shares of Nutanix Inc. (ntnx) are down 5.3% in premarket trading Monday after Susquehanna analyst Mehdi Hosseini downgraded the stock to negative from neutral. "In our view, the next phase of transformation (vertical integration to become a second source to VMware) will take longer than expected, while the 'more opex/more growth' approach may not yield enough growth acceleration to become profitable anytime soon," Hosseini wrote.