InvestorPlace•11 hours agoWhy Bank of America Will Break Out
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.
Associated Press•4 hours agoTexas Instruments' new CEO loses job for personal misconduct
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.
- Fortune•yesterday
Blood Pressure Medication That May Contain Cancer-Causing Impurity Is Recalled
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.
- TechCrunch•yesterday
Netflix is falling off a cliff
Netflix didn't add as many subscribers as expected by a bunch of people on Wall Street who on a quarterly basis govern whether or not it'll be more valuable than Comcast -- and that is probably a bad thing, as it's one of the primary indicators of its future potential for said finance folk. While it's still adding subscribers (a lot of them), it fell below the forecasts it set for itself during the second quarter. This comes amid a spending spree by the company, which is looking to create a ton of original content in order to attract a wider audience and lock them into that Netflix ecosystem.
- Fortune•yesterday
Yahoo Co-Founder Jerry Yang Says He’s the Luckiest Person Alive
The rise of Chinese Internet giants like Alibaba and Tencent happened as the U.S. tech industry largely ignored that market, Yahoo co-founder Jerry Yang said. Famed founders of the current crop of Chinese Internet giants, like Jack Ma at Alibaba and Pony Ma at Tencent thus became “battle-tested entrepreneurs.” They began to develop original business models, he explained.
- MarketWatch•2 days ago
Don’t cheat yourself with the 4% rule
If you’re planning for retirement, you’re probably thinking about how much you’ll need, how long the money will last, and how much you can safely take out each year. You recognize that in retirement there will be a balancing act between spending on current needs while also preserving enough for your later years. Instead, all-too-often, retirees use simplified rules of thumb to determine how much to take out each year.
- CNBC Videos•7 hours ago
It's time to sell tech, warns Morgan Stanley
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.
- Bloomberg•yesterday
Papa John’s Founder Regrets Resigning as Chairman
Papa John’s International Inc.’s founder John Schnatter regrets resigning as chairman after using a racial slur during a training session and believes the company’s board mishandled the situation by pushing him aside without an investigation, according to people familiar with his thinking. The Papa John’s board declined to comment, according to spokesman Peter Collins. Papa John’s shares fell 1 percent on Tuesday to $50.88 at 9:35 a.m. in New York.
- Barrons.com•12 hours ago
Under Armour Earnings: A Runaway Success?
It's been a wild ride for Under Armour (UAA) in recent years. Duffy reiterated a Buy rating and $27 price target on the shares Tuesday, writing that the second quarter is a "stepping stone towards stabilization" and inflection in Under Armour's North American business. Duffy estimates it will happen in the first half of 2019.
- Barrons.com•8 hours ago
Micron and DRAM: A 'Minor Correction' in 2019?
Chip-stock analysts continue to like what they are seeing in the area of memory chips, such as DRAM. The main positive bit of news today is the report overnight of comments by Nanya Technology (2408TW), a DRAM producer that has just 3% of the industry’s total DRAM supply. Nanya said it is going to “expand its wafer bit output by 48%,” according to an analysis of the report by Cowen & Co.’s Karl Ackerman.
- InvestorPlace•11 hours ago
GlaxoSmithKline Is More Than Just a 5% Dividend Income Play
After sustaining an uptrend on the markets since bottoming in February, GlaxoSmithKline (NYSE:GSK) still has an attractive profile for income and value investors. The stock’s rock-solid dividend and its growth potential from a number of positive wins
- CNBC•yesterday
Goldman Sachs recommends these 5 highly profitable companies — including Nvidia — to combat rising inflation
Goldman Sachs says companies with high profit margins can thrive in an inflationary environment. The firm believes rising wages and higher commodity costs may crimp corporate profit margins. Goldman Sachs is worried about rising commodity prices and higher wages, but the firm believes there is still an investment strategy that can outperform.
- Zacks•9 hours ago
Top Research Reports for AT&T, Home Depot & Cisco
Tuesday, July 17, 2018The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including AT&T (T), Home Depot (HD) and Cisco (CSCO). These research reports
- Bloomberg•2 days ago
As Boeing's 797 Nears, GE `Wrestling' With What to Do on Engines
General Electric Co. said it remains unconvinced that demand for Boeing Co.’s potential midrange aircraft, nicknamed the 797, will be enough to justify developing a new engine for the jet. The U.S. turbine maker needs to do more work on the proposals, especially since Boeing has yet to decide whether to recruit an exclusive engine provider or involve two competing suppliers, GE Aviation chief David Joyce said Monday at the Farnborough air show. “We’re still wrestling with what the size of the market is,” Joyce said in a media briefing.
- CNBC•5 hours ago
Cramer's charts suggest big-name biotech stocks Gilead and Celgene have more room to run
CNBC's Jim Cramer and technician Bob Lang inspect the charts to see if big-cap biotechnology stocks like Gilead and Celgene could have more room to run. Given recent positive trends in key technical indicators, Lang says these stocks could be prime for a rally. CNBC's Jim Cramer was somewhat surprised to see the biotechnology sector bounce back in 2018 after months of weakness.
- CNBC Videos•7 hours ago
Texas Instruments CEO resigns due to violations of compan...
Brian Crutcher has resigned as Texas Instruments CEO due to personal behavior.
- Zacks•15 hours ago
Are Options Traders Betting on a Big Move in Ford Motor (F) Stock?
Investors in Ford Motor Company F 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.
- Investopedia•14 hours ago
AMD to Jump Over 25% on PC Business Pickup: Stifel
Shares of chipmaker Advanced Micro Devices Inc. ( AMD) have rallied on a bullish note from one team of analysts who sees a positive earnings surprise in store for the Santa Clara, California-based company. AMD stock gained nearly 2% on Monday after popping 5% on Friday to reach its highest level in 10 months. On Friday, Stifel analyst Kevin Cassidy, who rates AMD at buy, increased his 12 month price target on the stock from $17 to $21, representing a nearly 27% upside from Monday close. He cited strength in AMD's EPYC server CPU business, which he wrote is "winning server designs." He expects the model to gain traction ahead of consensus expectations for 5% unit market share exiting the the fourth quarter of 2018.
- MarketWatch•2 days ago
The stock market is about to set a bearish record
The U.S. stock market is hours from hitting a notable milestone, but it isn’t one that investors will feel particularly good about. For the S&P, exiting correction territory would require it to rise to 2,839.1, or a 10% gain from its low of the correction.
- InvestorPlace•13 hours ago
Don’t Buy Broadcom Stock Until This Weird CA Acquisition Shakes Out
Until recently, Broadcom (NASDAQ:AVGO) CEO Hock Tan had the Midas Touch. The result is that he has created one of the world’s largest semiconductor suppliers. Since early June, Broadcom stock has plunged from $270 to $202.
Associated Press•13 hours agoJohnson & Johnson beats revenue, profit projections for 2Q
Fueled by a 20 percent sales jump in its prescription drugs business, Johnson & Johnson posted a 3 percent increase in second-quarter profit. J&J's prescription medicine business, which had lagged its medical device business until a couple years ago, accounted for half its $20.83 billion in total revenue.
Yahoo Finance•13 hours agoNetflix slides on Q2 earnings, Tesla investors worried, Ford to pay $299M
Netflix (NFLX) shares are sliding more Tuesday morning after a disappointing earnings report led the streaming site to lose $21 billion in market value Monday. Netflix says it added about 1 million fewer subscribers than expected last quarter. Tesla’s (TSLA) stock slid 4% Monday, wiping out $2 billion in market value after CEO Elon Musk’s Twitter attack on a diver who helped rescue a Thai soccer team out of a cave.
- Zacks•14 hours ago
INTC vs. NVDA: Which Stock Is the Better Value Option?
Investors interested in Semiconductor - General stocks are likely familiar with Intel (INTC) and Nvidia (NVDA). But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.Everyone
- Zacks•18 hours ago
Bear of the Day: Alibaba (BABA)
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.
- Investopedia•16 hours ago
Micron May Buy Back $10B in Stock: Nomura
Micron Technology Inc. ( MU), the memory chip maker, could be gearing up to buy back as much as $10 billion in company stock if Nomura Instinet’s call proves true. Prompted by the Boise, Idaho chip maker’s move this week to open a $2 billion credit line, Nomura analyst Romit Shah said the credit line could go to repurchasing shares over the next four quarters. In a research note covered by TheStreet.com Shah pointed to Micron’s May analyst meeting in which the company said it was targeting liquidity in the range of 30% of sales.
