The company steps into the earnings fray next week, and BABA stock finds itself once again trading at multi-month lows. Specifically, BABA stock is in a situation very similar to what we saw back in April.
Warren Buffett was a major shareholders in Walmart until 2016, when he sold most of Berkshire Hathaway's stake in the retailer. At that time, Buffett cited Jeff Bezos and Amazon as a threat that made retail stocks a "tough" game. Walmart stock has risen from the $70-range to the $100-range since Berkshire sold billions in shares, but Berkshire has seen newer holdings in tech, such as Apple, and deep value plays, such as Teva Pharmaceuticals, perform very well.
The number of “401(k) millionaires” surged in the second quarter, as broad gains in the stock market lifted the value of Americans’ retirement plans. Fidelity Investments said Thursday the number of people with at least $1 million in their 401(k) plan climbed to 168,000 by the end of June, up 41 percent compared to the same quarter in 2017. The company also noted that the percentage of 401(k) millionaires who are women rose to 21 percent.
It hasn’t been easy for General Motors (NYSE:GM), Fiat Chrysler (NYSE:FCAU) Daimler (OTCMKTS:DDAIF) or even Ferrari (NYSE:RACE). F stock is down a whopping 24% so far this year and more than 20% since early June. Now yielding 6.4%, many investors are wondering if Ford is a screaming buy.
A funny thing happened between Aug. 16, 2012, when Apple (NASDAQ:AAPL) initiated a $2.65 quarterly dividend, its first since 1995, and today — Apple became a dividend stock. Since the company paid that first dividend, Apple’s stock shot up 233% and its dividend has grown by 115%, an annualized growth rate of 14%. A big reason Apple initiated its capital allocation program in the first place was to appease investors who felt its growth was slowing and it wasn’t returning enough money to shareholders through dividends and share repurchases.
Jim Cramer answers callers' questions about how to diversify their portfolios, including which tech stocks to keep and which to throw out.
The company's bleak outlook for cryptocurrency chips was a sharp reversal from the prior fiscal quarter, when sales to so-called miners of digital currencies such as bitcoin and ethereum amounted to $289 million, nearly a 10th of Nvidia's revenue. Nvidia previously had forecast sales for cryptocurrency chips for the fiscal second quarter ended July 29 of about $100 million. It projected third-quarter revenue of $3.25 billion, plus or minus 2 percent, falling short of analyst estimates of $3.34 billion, according to Thomson Reuters I/B/E/S.
J.C. Penney (JCP) reported second-quarter earnings today that fell short of analyst expectations. “Based on JCP’s updated and lowered guidance, we estimate JCP shares are currently worthless,” Clearview Trading Advisors analyst Rick Snyder wrote in a note to clients. Barbara Cake, 67, cleans the jewelry counter towards the end of her shift at J. C. Penney on December 23, 2017 at the Shenango Valley Mall in Hermitage, Pennsylvania.
There was a big bombshell in marijuana land. Constellation Brands (STZ) known for its beer, wine and spirits, is investing about $4 billion in Canadian marijuana company Canopy Growth (CGC) Constellation paid a whopping 51% premium. Marijuana stocks are highly volatile, and investors need help in properly investing and trading them.
Bank stocks were hopping higher than most other sectors on Thursday. The relative strength gives ample reason to scour the sector for trade ideas. With that said, here’s why and how I would play BAC stock with options.
It's that time again! "Mad Money" host Jim Cramer rang the lightning round bell, which means he gave his take on callers' favorite stocks at rapid speed. Royal Dutch Shell RDSA-GB : "Everyone hates the oils, which means it is time to buy the oils because
Aug.16 -- Shaun Rein, China Market Research Group managing director, discusses JD.com Inc.'s second-quarter loss and Chinese tech earnings with Bloomberg's Selina Wang on "Bloomberg Technology."
With just a quick glance General Electric (NYSE:GE) and Ford Motor (NYSE:F) appear to be cut from the same cloth. Both were once at the top of their game, but recently, both F and GE stock have been destroyed as the sheer passage of time has made the two companies much less relevant. When one takes a closer look, however, it becomes clear that General Electric and Ford aren’t exactly carbon copies of one another.
Shares of chipmaker Nvidia NVDA tumbled 6 percent in extended trading Thursday after the company posted weaker-than-expected guidance. Nvidia has rallied 149 percent since the beginning of May 2017. "The trend here is your friend," Baruch added in an email to CNBC after Nvidia posted earnings.
The Dow Jones Industrial Average notched a dubious distinction on Wednesday, as U.S. equity benchmarks fell firmly lower, and extended it on Thursday despite a powerful rally. The blue-chip benchmark failed to move 10% above the closing low hit earlier in the year, and has now spent the longest period in correction territory — 132 trading sessions (as of Thursday’s close) — since the 223 sessions in 1961, according to Dow Jones Market Data. Some market-technician purists believe that an asset must put in a new high to officially emerge from correction phase.
If you’re not sure what to make of Advanced Micro Devices (NASDAQ:AMD) here in the shadow of an 1100% gain from AMD stock over the course of the past three years (and a doubling just since early April), you’re not crazy. To that end, if a newcomer to Advanced Micro Devices is weary of diving into a new trade simply because the water you’d be diving into isn’t entirely clear, here’s a quick primer that might put things in perspective. On the off chance you’re reading this and haven’t yet put two and two together, Advanced Micro Devices is in the middle of a turnaround story.
China’s BATs—Baidu Inc. ( BIDU), Alibaba Group Holding Ltd. ( BABA), and Tencent Holdings Ltd. (TCEHY)—are set to fly 15-20% higher after giant pullbacks this year. After climbing 63%, 96%, and 345%, respectively, over the past five years, analyst Ray Wang at Constellation Research thinks the declines of these tech giants will be short lived and that this represents a unique buying opportunity as investors look for safe places to put their money. Baidu, Alibaba, and Tencent are virtually protected from foreign competition within China due to China’s great Internet firewall, which restricts access to behemoth internet players like Google, Facebook and YouTube.
It might be time to rethink FANG, according to CNBC's Jim Cramer. Given Thursday's market moves, Cramer thinks WANG – Walmart, Apple, Netflix and Google – might be the new group of stocks to watch. It might be time to rethink FANG, according to CNBC
Shares of Boeing (BA) are winging higher on Thursday, helped by news that U.S.-China trade talks are back on and an analyst upgrade. Where we were: Boeing shares had been hurt by trade tensions when the issue flared in the past, although that hasn't stopped the stock from easily outperforming the broader market this year, on the heels of 2017's stellar success. Where we're headed: Plenty higher, if UBS is right.
Billionaire entrepreneur and investor Mark Cuban appeared on CNBC recently and sounded a cautious tone about the stock market. In this column, I will explain why someone who is cautious about the stock market can be bullish about NFLX stock and AMZN stock. Cuban does own four dividend stocks.
This has been a market that favors high-growth stocks and not value plays. Obviously, the rising tide of the nine-year-plus bull market has lifted value boats as well. But clearly, the market of late has prioritized revenue growth over profit growth,
Chinese video streamer iQiyi (NASDAQ:IQ) has been a roller coaster since it was spun-off from Baidu (NASDAQ:BIDU) in late march. At first, IQ stock staged a powerful rally, going from $18 to $46 (as of mid-June). 7 Internet Stocks to Buy
As the results showed on Thursday, the company also needs a clear strategy and vision. The shares dropped 27% to $1.76 per share after lackluster results. The company lowered its full-year guidance to a loss of $0.80-$1 per share, compared to projections of $0.07-$0.13 per share.
Nvidia Corp., the biggest maker of graphics processors, gave a disappointing forecast and said that a greater-than-expected drop in demand for chips used by cryptocurrency miners had put a lid on sales growth. Nvidia said it had expected about $100 million in sales of chips bought by currency miners in the fiscal second quarter. Nvidia founder and Chief Executive Officer Jensen Huang is reshaping his company to take advantage of trends that are changing computing.
The extra boost Nvidia Corp. received from selling its graphics chips to cryptocurrency miners appears to be over, at least for now. Nvidia (NVDA) Chief Financial Officer Colette Kress surprised investors — who had already been anticipating lackluster crypto sales — with an even more downbeat forecast for crypto-mining sales Thursday. Nvidia released second-quarter earnings and noted a shortfall in crypto sales in addition to the forecast.