These numbers show Suze Orman is right about needing $5 million to retire

Suze Orman broke the internet earlier this month when she told the “Afford Anything” podcast that those buying into the FIRE movement (financial independence, retire early) better save at least $5 million to achieve that goal. “Her views ruffled a lot of feathers, but after crunching the numbers, I have to agree — $5 million sounds about right if you want to retire before the age of 60,” the Financial Samurai blog’s Sam Dogen said. Dogen says 40 is the absolute earliest he’d recommend anybody retire, although even then, that’s asking a lot out of your investments.

• 
  Why does the early-retirement movement have so many haters?

  MarketWatch
• 
  These tips from the young and financially independent will help you retire early

  CNBC

3 Overpriced Semiconductor Stocks Due for a Fall

Semiconductor stocks have had it very easy for the last few years. In looking for semiconductor stocks to dump I’m looking for companies that investors had overreached for, but where the final collapse has not yet come. Put the cash in your pocket while it’s still on the table.

Walmart Says Flipkart CEO Has Resigned After Misconduct Investigation

Binny Bansal, 37, stepped down immediately following an independent probe into the allegations, which the executive denies, Walmart said. “While the investigation did not find evidence to corroborate the complainant’s assertions against Binny, it did reveal other lapses in judgment, particularly a lack of transparency, related to how Binny responded to the situation,” Walmart said in a statement.

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  Flipkart CEO Binny Bansal resigns after sexual assault accusation: source

  Reuters
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  Walmart Says Flipkart CEO Out After Misconduct Allegations Probe

  Fortune

Stocks slammed and traders are betting it could get a lot...

The Dow drops 600 points as stocks get slammed. Should investors still be buying the dip? With CNBC's Joe Kernen and the Fast Money traders, Pete Najarian, Steve Grasso, Brian Kelly and Tim Seymour.

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  Goldman just had its worst day since 2016, here's what's ...

  CNBC Videos
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  The Apple meltdown rages on, is the market losing the tec...

  CNBC Videos

Victoria’s Secret parent L Brands could bring back its swimsuit business, analysts say

L Brands Inc. could bring back the Victoria’s Secret swimsuit line now that the company has signaled no strategy is off limits if it improves profitability, Wells Fargo analysts say. L Brands’ (LB)  portfolio includes Victoria’s Secret and Bath & Body Works. Wells Fargo upgraded L Brands to outperform from market weight, with analysts seeing a turnaround on the horizon as the company takes an “‘all options on the table’ mentality.” Analysts don’t expect a turnaround in the near future, but shuttering Henri Bendel and considering options, including a sale, of the La Senza business shows that the company has taken on a new focus.

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  Tess Holliday Slams Victoria's Secret Executive for 'Trying to Dis My Trans Sisters'

  People
• 
  Fashion Insiders Slam Victoria's Secret Executive Ed Razek for Transgender Model Comments

  Teen Vogue

Stay bearish because the ‘Big Low’ for stocks hasn’t arrived yet, says Bank of America

Echoes of that last bit can be found in our call of the day, from Michael Hartnett, chief investment strategist at Bank of America Merrill Lynch, who advises a cautious approach because he doesn’t think stocks have touched bottom. “We remain bearish, as investor positioning does not yet signal ‘The Big Low’ in asset markets,” says Hartnett, in the bank’s closely watched November fund manager survey (the capitalization isn’t lost on us, nor Wall Street, we presume).

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  U.S. most-favoured equity region, tech allocations down: BAML survey

  Reuters
• 
  Fund managers haven't been this bearish about the global economy since 2008

  Yahoo Finance

How Trump's tax cuts hurt the GOP in America's wealthy suburbs

Republicans are losing their hold on upper-middle-class suburbs, and the tax reform bill may be to blame. Although a number of races are still too close to call, Democrats have taken 30 seats so far — more than the 23 GOP districts they needed to seize control of the House of Representatives. In swing districts across the country, new Democratic challengers vowed to defy the Trump administration while Republican incumbents touted the benefits of tax reform and a booming economy.

Ray Dalio’s Faith in Gold Is Unshaken

Dalio’s Bridgewater Associates maintained its holdings in SPDR Gold Shares, the largest bullion-backed ETF, at 3.9 million shares, and its stake in iShares Gold Trust, the second-largest, at 11.3 million shares in the third quarter, according to a regulatory filing Tuesday. Bridgewater stayed loyal to bullion even amid an investor sell-off that sent assets in bullion-backed ETFs tracked by Bloomberg tumbling by 2.79 million ounces in the third quarter, the first such decline since the end of 2016. The hedge fund also added to its holdings in Barrick Gold Corp., Franco-Nevada Corp., Newmont Mining Corp. and Kinross Gold Corp. in the third quarter.

• Ray Dalio Boosts U.S. Steel and Nucor Holdings, While Cutting Cliffs

  Bloomberg
• Billionaire Ray Dalio: Why saving in cash is 'the worst thing you could do'

  CNBC

GE Surges on $4 Billion Plan to Speed Cut to Baker Hughes Stake

GE will sell as many as 166.2 million shares in the oilfield-services provider through a secondary offering and a stock repurchase by Baker Hughes, the companies said in statements Tuesday. Culp’s decision punctuates GE’s pivot away from the oilfield businesses that had been championed by former CEO Jeffrey Immelt, who spent $10 billion on deals in the decade through 2013 and agreed in 2016 to merge GE’s crude-related assets with Baker Hughes. “We like seeing GE’s new CEO Larry Culp hasten the pace of the company’s portfolio breakup to generate sale proceeds to de-lever the balance sheet,” Deane Dray, an analyst at RBC Capital Markets, said in a note to clients.

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  General Electric seeks urgent asset sales as bond fears rise

  Reuters
• 
  GE speeds plan to raise $4 billion cash, lifts sagging shares

  Reuters

Tilray reports lower pot prices, tighter margins

Tilray (TLRY) reported solid revenue but a decline in average selling prices in the third quarter as the Canadian cannabis producer works to address a growing medical and adult-use market. Although Tilray more than doubled the amount of cannabis sold in the third quarter of 2018 over last year, average selling prices fell by $1.32 per gram, putting pressure on margins. Gross margins were about 30% in the third-quarter versus 55% in the same period last year.

JPMorgan Says Don't Play the Downturn, S&P Will Bounce Back

“An increasing chunk of the investor base is of the view that one has to be already positioned for the next downturn,” strategists Mislav Matejka, Prabhav Bhadani and Nitya Saidanha wrote in a note Monday. A panoply of negatives has hit the U.S., and global, stocks since the start of October, starting with a rebound in benchmark Treasury yields, which has enhanced the appeal of risk-free investments.

Two Dow stocks to buy now

Marc Pinto of Janus joins 'Squawk Box' to discuss his top stock picks to buy amid the market's volatility.

Tobacco Shares Plunge on Possible U.S. Ban of Menthol Cigarettes

A senior U.S. Food and Drug Administration official said last week that the agency is looking at restricting menthol in traditional cigarettes. Doing so would be a step toward eliminating or tightly limiting use of the popular cigarette flavor, something the FDA has been considering for some time. An Altria spokesman said Monday it was premature to comment absent an FDA announcement.

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  Juul Labs to pull sweet e-cig flavors to curb youth use

  Reuters
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  Juul To Temporarily Stop Selling Certain Flavored Vape Pods In Stores

  Yahoo View

Buy Semiconductors on the Dip? 3 Stocks to Consider Now

Semiconductor stocks have been battered by recent market-wide volatility and concerns that the industry’s strong cycle is nearing its end. The aforementioned emerging tech trends have created new consumer demand, and the semiconductor makers are delivering. Mellanox Technologies is a leading supplier of semiconductor-based computer networking products to world-class server, storage, and infrastructure OEMs.

Oil futures just did something never done before, as Trump calls for lower crude prices

West Texas Intermediate crude for December delivery on the New York Mercantile Exchange (CLZ8) settled lower on Monday, marking its 11th consecutive decline, surpassing a 10-day skid for the contract from July 18-July 31 1984, according to Dow Jones Market Data. It’s 11th straight decline is now the longest series of losses for oil since WTI started trading in 1983, according to Dow Jones Market Data. Rising production and a softening in U.S. oil sanctions on Iran, that included waivers for big crude importers like China, which helped to contribute to a whipsaw lower for oil prices.

• 
  Futures Spread: Oil’s Bearish Sentiments Are Increasing

  Market Realist
• 
  Trump’s Tweet Makes OPEC Cuts Even More Likely

  Bloomberg

GE’s stock poised for best day in 3 ½ years after Baker Hughes stake sale

Shares of General Electric Co. shot higher Tuesday, as the struggling industrial giant’s planned sale of its stake in Baker Hughes gave investors reason to cheer after a bruising period. The rally comes after the GE shares closed Monday below the $8 mark for the first time since the depths of the financial crisis. Baker Hughes’s stock (BHGE)rose 0.5% Monday, after falling 18% the previous 14 sessions.

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  GE’s Knack for Bad Timing Shows in Ugly Baker Hughes Unwind

  Bloomberg
• 
  Why General Electric Company's Shares Jumped as Much as 13.3% Today

  Motley Fool

Bank of America (BAC) Gains As Market Dips: What You Should Know

Bank of America (BAC) closed the most recent trading day at $27.76, moving +0.04% from the previous trading session. This has lagged the Finance sector's gain of 0.5% and was narrower than the S&P 500's loss of 1.27% in that time.

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  Chevron (CVX) Dips More Than Broader Markets: What You Should Know

  Zacks
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  Medtronic (MDT) Reports Next Week: Wall Street Expects Earnings Growth

  Zacks

Nvidia earnings: The Turing test has arrived

When Nvidia Corp. launches new gaming cards, it tends to be a huge deal for gamers and the company’s finances. Nvidia launched new products last quarter with graphics-processing units based on its new Turing architecture, which will replace the most financially lucrative generation GPUs of the company’s long history, known as Pascal. When the company releases fiscal third-quarter earnings after the market closes Thursday, it will be the first glimpse at how these products are selling early in their life — a Turing test, if you will.

• 
  Why Analysts Are Bearish on NVIDIA’s Short-Term Outlook

  Market Realist
• 
  Can Strong Demand for GPUs Aid NVIDIA's (NVDA) Q3 Earnings?

  Zacks

Here's What Will Shape J. C. Penney's (JCP) Fate in Q3 Earnings

J. C. Penney Company, Inc. JCP is slated to release third-quarter fiscal 2018 results on Nov 15, before the market opens. The Zacks Consensus Estimate for revenues is $2.83 billion, up marginally by 0.7% from the year-ago quarter. J. C. Penney has been in troubled waters for quite some time, losing customers to cheap sellers.

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  Why JCPenney’s Losses Might Widen in Q3 2018

  Market Realist
• JCPenney Stock Is Still Not Cheap Enough

  InvestorPlace

Time to Buy Nvidia (NVDA) Stock on the Dip Before Q3 Earnings?

Shares of Nvidia NVDA have plummeted over 30% since they hit their all-time high at the start of October. Amid broader market uncertainty, concerns remain that historically cyclical chip stocks will continue to decline. Nvidia’s chips help power everything from gaming to datacenters.

• 
  Top Stock Picks for the Week of November 12th

  Zacks
• 
  Can Strong Demand for GPUs Aid NVIDIA's (NVDA) Q3 Earnings?

  Zacks