Ahead of the opening bell, investors will be focused on Coca-Cola (KO), and after the bell, Chipotle (CMG) and Snap (SNAP) will take the spotlight. Soda giant Coca-Cola is expected to report second-quarter adjusted earnings of 61 cents per share on $9.99 billion in revenue, according to analysts polled by Bloomberg. Organic revenue growth will be watched closely after jumping 6% in the first quarter, much to Wall Street's surprise.
Crude oil prices have rallied by more than 20% this year, while the S&P Energy Index (XLE) has gained only 10%. Since May, the median trailing dividend yield on the S&P Energy Index has been the highest of any sector in the S&P 500 -- beating out traditional high dividend-payers like real estate and utilities, according to Bloomberg data. “Finding dividend prices in majors like this is just an opportunity that I think is generational,” said Dan Dicker in an interview with Yahoo Finance's On the Move.
Facebook (NASDAQ:FB), the social media and digital advertising titan, is scheduled to report Q2 earnings on July 24 after market close. As a result, year-to-date, the FB share price is up about 50%. Meanwhile, over the past year, there has been a shift in the global political environment, whereby more countries are calling for tougher regulation of the technology giants, including Facebook.
Thanks to shoppers spending cautiously on clothes in recent months — despite a rallying stock market and low 3.7% unemployment rate — retailers of all kinds are sitting on mountains of excess inventory. Now that inventory must be worked off at profit-margin-busting prices in order to make way for the lucrative, full-price garb targeted to back to school shoppers in August and September. That backdrop sets the stage for scores of earnings misses, lowered profit outlooks and downtrodden earnings calls with Wall Street when the retail sector begins to release results in mid-August.
Michael Cuggino, Permanent Portfolio Family of Funds president & portfolio manager, talks about fears of slowing economic growth and why he thinks a rate cut of 25 basis points by the Federal Reserve is already baked in for July. He spoke on July 18 on "Bloomberg Markets."
As I write this, the balance in my checking account is $603.49, but I have no idea whether that's good or bad. Is there a “right” amount to have in my checking account? Gilpatrick needs these answers because a cash reserve “is there in case you can't pay your bills,” she says.
This deal will have Peak Resorts (NASDAQ:SKIS) being acquired by Vail Resorts (NYSE:MTN). This has the latter offering to purchase all outstanding shares of SKIS stock for $11.00 each. The Peak Resorts news release notes that both companies' Board of Directors are supporting the deal.
Equifax's massive data breach in 2017 compromised 146.6 million Social Security numbers along with other personal information. As a result, the consumer credit reporting agency faced numerous lawsuits, including a class-action lawsuit that reached a settlement of at least $650 million on Monday. According to the terms of the settlement, which still requires court approval, Equifax has to put at least $380.5 million into a restitution fund for consumers harmed by the breach.
Two and a half months after the White House banned the purchase of Iran's oil, the nation's crude is continuing to be sent to China where it's being put into what's known as “bonded storage,” say people familiar with operations at several Chinese ports. The store of oil has the potential to push down global prices if Chinese refiners decide to draw on it, even as the Organization of Petroleum Exporting Countries and allies curb production as growth slows in major economies.
Occidental Chief Executive Officer Vicki Hollub and Chairman Eugene Batchelder appear to have negotiated the "extremely risky" transaction because they were worried their oil and gas explorer was in the crosshairs of a potential buyer, Icahn said in a letter that will be sent to Occidental shareholders Monday. "I do believe that Hollub and Batchelder know what's good for them and their personal agendas but do not particularly care what's good for shareholders," Icahn said in the letter, a copy of which was reviewed by Bloomberg. "With [Occidental] weakened and doing poorly, Hollub and Batchelder were fearful there would be a bid for the company which shareholders would accept."
Bank of America said "no" to marijuana company Aurora Cannabis (ACB). In a downgrade announced late last week, BofA analyst Christopher Carey cut his rating on Canada's second largest cannabis grower by market cap, removing his "buy" rating and reducing the stock to "neutral." Aurora's price target likewise fell, from $10 a share (US) to $8. Cash With $400 million worth of cash and equivalents in the bank, and only $313 million in long-term debt, you might not think Aurora Cannabis was a company particularly worried about cash.
The good news is investors can use diversified exchange traded funds to smooth out the volatility, Cook says. "Market volatility needs to be embraced as today's new norm," he said. The Rise Of Stock Market Volatility Cook points to the increased big percentage moves in the stock market as a sign volatility is heating up.
Poor and minority families will pay more for utilities.
In the family of financial planning products, the Roth IRA or 401(k) sometimes looks like the cool younger brother of traditional retirement accounts. Indeed, the Roth version, first introduced in 1998, offers a number of attractive features that their standard siblings lack: the absence of required minimum distributions (RMDs), the flexibility to withdraw money prior to retirement without penalties, and the ability to make contributions past the age of 70½. A Roth indeed makes sense at certain points in your life.
Investment bank Morgan Stanley on Monday reiterated its buy recommendation on Apple stock and raised its price target ahead of the company's June-quarter earnings report next week. Apple shares rose on the news. "Investor sentiment remains negative despite improving iPhone and services data points, with low expectations for the September quarter suggesting a positive setup into earnings," Morgan Stanley analyst Katy Huberty said in a note to clients.
Siew Mee Yeo, Asia Pacific chief investment officer at Conning, discusses Fed policy and her outlook for markets. She speaks on “Bloomberg Markets: Asia.
There's no reason to take profits in an emerging leader when the stock shows accumulation and breaks out from an early-stage base. But after big runs and a series of breakouts, leaders in an industry group invariably start to show signs of wear and tear, mostly due to persistent signs of institutional selling. At some point, savvy fund managers and big investors cash out and rotate into other areas of the market.
When it comes to Nio (NYSE:NIO), the Chinese electric vehicle manufacturer, I'm on record against owning Nio stock. I believe Nio's Altman Z-Score indicates that if it doesn't shore up its business soon, there's an excellent possibility it could face financial distress in the next 12-24 months,” I wrote June 21. I went on to suggest that a combination of potential bankruptcy, increased competition in the electric business, and a negative gross margin, made NIO a losing proposition.
The 401(k) is an employer-sponsored retirement plan that millions of American workers depend on to help fund their retirement years. The best way to use your 401(k) is simply to take normal distributions after you reach retirement age. Under the Internal Revenue Service (IRS) rules, you can withdraw funds from your account without penalty only after you reach age 59½, become permanently disabled, or are otherwise unable to work.
In fact, both BABA and NIO popped up on a list of stocks that have seen the heaviest weekly options activity in the past 10 days, courtesy of Schaeffer's Senior Quantitative Analyst Rocky White, with names highlighted in yellow new to the list. The bulk of activity for both BABA and NIO has occurred on the call side. Alibaba Bulls See More Upside Alibaba saw 200,847 calls change hands over the past two weeks, compared to 116,524 puts.
The bullish investing thesis on Nvidia (NASDAQ:NVDA), the current leader in GPUs, is pretty clear. GPUs work better than CPUs for artificial intelligence applications and as a result, the chip maker — and NVDA stock — seem well positioned in a market with what is essentially huge growth potential. Due to the importance of artificial intelligence, Nvidia will have a lot of competition in the future and the company might not keep its leading position for very long.
Equifax settlement 2019: How to protect yourself beyond a credit freeze How to freeze your credit: It's free in all states after Equifax data security breach The credit bureaus will give you the option of unfreezing your account permanently or thawing it temporarily. A temporary unfreeze makes your credit report available to creditors for a set time, while a permanent thawing opens it until you decide to freeze it again. Some even allow you to grant one-time access to a specific lender while your account remains frozen for everyone else.
Supreme Cannabis Prepares for Legalization 2.0 with Acquisition of Truverra Supreme Cannabis (TSX: FIRE) (OTCQX: SPRWF) announced on Wednesday its plan to acquire 100% of privately held cannabis company Truverra. The company entered into a definitive agreement to acquire Truverra by way of three-cornered amalgamation. The deal is valued at 14.7 million Supreme Cannabis common shares giving it an approximate dollar value of $20,000,000 as of Supreme's July 16, 2019 closing price.
Pipeline operators get paid regardless of the price of energy they transport. But oil-price volatility impacts MLPs because "their growth depends on energy prices staying high enough to justify drilling for oil and gas in higher cost areas," Kapyrin said. "When the price of oil falls below a certain point, higher cost areas in the U.S. see a lot less drilling," reducing the amount of energy carried through pipelines.
With financial stress setting in for U.S. shale companies, some are trying to drill their way out of the problem, while others are hoping to boost profitability by cutting costs and implementing spending restraint. “Turbulence and desperation are roiling the struggling fracking industry,” Kathy Hipple and Tom Sanzillo wrote in a note for the Institute for Energy Economics and Financial Analysis (IEEFA). A corporate struggle over control of the company reached a conclusion recently, with the Toby and Derek Rice seizing power.