Per a recent FierceTelecom report, Verizon Communications Inc VZ has come up with a range of wireline and wireless offers for Thanksgiving shoppers.Currently, Verizon carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank
It’s the most valuable company in the world with a market cap nearing $1 trillion, its stock soared more than 50% in 2017 and it turned in blockbuster earnings for its fiscal fourth quarter. But that still wasn’t impressive enough for some hedge funds. Apple Inc. AAPL, +1.05% for all its brand power and the x-factor of its iPhones, failed to make the top 5 stocks popular with hedge funds, according to Goldman Sachs, in a report Wednesday. It came in at number seven, between Time Warner Inc. TWX, +0.50% and Bank of America Corp. BAC, -0.26% Hedge funds have made a killing by investing heavily in the information technology sector so far in this year, with returns of 10%, posting their best year
The Walmart (WMT) employee of the future will be focused more on customer service and much less on tasks like searching for a product in the stock room, according to CEO Doug McMillon. “There are things about retail that are not enjoyable,” McMillon said at an event on Tuesday hosted by the Economic Club of New York. Walmart employee restocks a shelf in the grocery section of a Wal-Mart Supercenter in Troy, Ohio.
As Royal Caribbean Cruises Ltd. RCL approaches the end of its Double-Double program, bookings are at record levels, dividends are at an all-time high, costs have been well managed and guest satisfaction has improved significantly. Consequently, the company’s shares have rallied 51.9% in the past year, as against the industry’s growth of 25.1%. The company has thus once again developed a multi-year period program named — 20/20 Vision — that leverages the culture and the discipline instilled by the Double-Double program while including a broader set of goals.
If the price of crude oil is rising, does that mean it's time to buy energy stocks? According to the Energy Information Administration, U.S. producers cranked out 9.62 million barrels per day in the week ending November 3. Meanwhile, the breakout in crude oil hasn't translated to higher prices for oil stocks.
Jim Cramer watches for one chart pattern that can tell you a stock is ready to skyrocket.
On Nov 22, Enbridge Energy Partners, L.P. EEP was downgraded to a Zacks Rank #5 (Strong Sell). Key FactorsOver the last 30 days, the Zacks Consensus Estimate for fourth-quarter 2017 earnings has been revised down from 25 cents to 20 cents. Moreover,
Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio service, shares some of her top value investing tips and stock picks. Tracey has done podcasts on value stocks that were breaking out, so the chart isn’t the end all, be all, of value investing.
Bloomberg reported on Tuesday that Uber had paid hackers $100,000 to conceal an October 2016 data breach that exposed the personal information of 57 million users. The decision to cover up the hack was led by Uber's former chief executive, Travis Kalanick, and chief security officer Joe Sullivan, who has since been fired. The company demanded that the hackers sign nondisclosure agreements and then went on to disguise the payout fee as a "bug bounty," The New York Times reported.
Walmart Stores Inc. (WMT) has been wheeling and dealing all year long. And with the market sending Walmart's stock to new heights as it seeks to its transform its business through deals, its eagerness to pull the trigger is unlikely to subside in 2018. "We are trying to mostly build the assortment, a customer is looking to us for not just value but they want to have a wide selection," Walmart's CEO Doug McMillon said in an interview with TheStreet. "We are focused on busy families, so moms are important—we want to make every day easier for busy families." That focus has been clearly on display of late. Walmart recently acquired Brooklyn, N.Y.-based Parcel for an undisclosed sum. Parcel offers
Decades after they were banned from the airwaves, Big Tobacco companies return to prime-time television this weekend — but not by choice. Under court order, the tobacco industry for the first time will be forced to advertise the deadly, addictive effects of smoking, more than 11 years after a judge ruled that the companies had misled the public about the dangers of cigarettes. Tobacco control experts say the campaign — built around network TV and newspapers — will not reach people when they are young and most likely to start smoking.
Nucor Corporation NUE is set to build a rebar micro mill in Sedalia, MO, about 90 miles east of Kansas City. This project was formally announced at an event with Governor Eric Greitens held at Lowell Mohler Assembly Hall post its approval by the Missouri Development Finance Board. The project, which represents an investment of at least $250 million, is expected to start in 2019 pending the final approval, state and local incentives as well as other permits and regulatory clearances. The move will allow the company to take advantage of the abundant scrap supply in the immediate area provided by Nucor's scrap business.
CNBC's Leslie Picker reports on Carl Icahn taking a 13% stake in Sandridge Energy.
It's no secret Amazon.com Inc. ( AMZN) is eyeing the pharmaceutical market, and Wall Street firm Cowen thinks the online giant should acquire Rite Aid Corp. ( RAD) to speed up its entrance. In a research note to clients, Cowen analyst John Blackledge argued that if the Seattle e-commerce stalwart were to open pharmacies in Whole Foods locations and on Prime, it could pick up market share gains at an accelerated pace if it bought the drugstore chain. "Our Cowen proprietary survey data suggests 67 percent of Amazon Prime members would purchase prescription drugs through Amazon if they were available," wrote Blackledge in the note covered by CNBC.
Unease rippled through China’s stock market on Thursday, with a gauge of large-cap shares plummeting the most since June last year, as investors fretted a bond rout is getting out of control. The CSI 300 Index sank 3 percent, with losses steepening in the last hour of trading. Sixteen shares declined for each that rose on the gauge. Industrial & Commercial Bank of China Ltd., Ping An Insurance (Group) Co. and Kweichow Moutai Co. were among the biggest drags on Shanghai’s benchmark index. Hong Kong’s Hang Seng Index slid 1 percent from a decade-high. Yields on sovereign debt and top-rated local corporate notes have climbed to the highest level in three years as a deleveraging campaign gathered
Lockheed Martin Corp. LMT has won a modification contract to exercise an option for providing class services in support of the Littoral Combat Ship program. The contract includes foreign military sales (FMS) to the Kingdom of Saudi Arabia.Contract Details
As shares of aircraft manufacturer Boeing Co. (BA) gain over 70% year-to-date (YTD), while the S&P 500 has increased 16% over the same period, one team of analysts indicates that the stock is on track to finish out 2017 even higher. On Tuesday, Jefferies analyst Sheila Kahyaoglu lifted her price target on BA to $312 from $300, forecasting Boeing to grow earnings at a double-digit rate. She attributed her more bullish outlook to improved demand and productivity at the jet manufacturer. The analyst expects a pileup of commercial jet orders to lead Boeing to post deliveries up 6% annually over the next decade. (See also: Airbus, Boeing Land Over $75B in Aircraft Orders.) “We have increased confidence
and Tencent, have each more than doubled. While some of the run-ups feel a little stretched -- particularly, Amazon, Netflix, Alibaba and Tencent's -- we're still generally well-removed from the nosebleed levels of the Dot.com bubble, and until events happen that lead investors to seriously question their sales and profit expectations for these companies, the odds of a giant selloff happening don't feel especially high.
Lyft is raising up to another $500 million in funding, according to documents filed Tuesday and first reported by Axios. The effort comes a month after the San Francisco-based ride-hailing company announced a $1 billion funding round led by Google parent Alphabet Inc.'s GOOG, +0.14% GOOGL, +0.15% CapitalG. The additional $500 million would be an extension of that round, according to a share authorization filing in Delaware.
Apple Inc AAPL CEO Tim Cook has been vocal about augmented reality (AR) for quite some time now. To boost its efforts, Apple has purchased Canada-based AR headset maker, Vrvana for $30 million, per a TechCrunch Report. Vrvana is best known for its Totem headset, which combines AR and virtual reality (VR) technologies.
United Parcel Service has acquired a manufacturing pharmacy license from Georgia's Board of Pharmacy, enabling the company to not only ship pharmaceuticals, but to relabel them. While UPS has for years acted as a carrier for drug companies like Merck — which has a facility based in Georgia — the new license would effectively give the shipping company more flexibility in handling the product. A UPS spokesperson confirmed the new license was obtained, but maintained that this was part of standard operating procedure in order to remain compliant with federal law. The new license could also be required if UPS wanted to add an insert to a shipping package, the spokesperson said. "UPS recently obtained
Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Apple AAPL, Adobe ADBE, Anheuser-Busch BUD, Tesla TSLA and General Mills GIS. Today, Zacks is promoting its ''Buy'' stock recommendations.
It has been no secret that the technology sector has been at the forefront of the market’s strong bull run. In fact, dividend-focused investors can search for the best tech stocks by using the Zacks Stock Screener, the perfect one-stop screening tool for investors of all kinds. By limiting our search to companies in our “Computer and Technology” sector with Zacks Rank #2 (Buy) or better rankings, we can ensure that we are finding the highest quality stocks to buy right now.
Meg Whitman, who oversaw the breakup of one of Silicon Valley's pioneering companies, is stepping down as the CEO of Hewlett Packard Enterprise Co. HPE said Tuesday that Whitman will hand over the reins of the company to its president, Antonio Neri, on Feb. 1. Whitman, 61, took over in 2011 at the former Hewlett-Packard Co., a company founded in 1939 and for years a tech bellwether.
TORONTO/SAN FRANCISCO (Reuters) - Struggling ride-hailing firm Uber [UBER.UL] faces a fresh regulatory crackdown after disclosing it paid hackers $100,000 to keep secret a massive breach last year that exposed personal data from around 57 million accounts. Discovery of the U.S. company's cover-up of the incident resulted in the firing of two employees responsible for its response to the hack, said Dara Khosrowshahi, who replaced co-founder Travis Kalanick as chief executive in August. "None of this should have happened, and I will not make excuses for it," Khosrowshahi said in a blog post.