No matter what your main financial goal is — a house , early retirement or just getting out of debt — odds are you'd like to boost your income. As Suze Orman , financial expert and former CNBC host, told the audience at the 2017 eMerge Americas conference, "The biggest problem is when you do make it big and you don't know what to do with your money. Because then, what happens is some financial advisor is going to come by and give you a slick presentation , they're going to give you an elevator speech and a pitch, and you're going to take it.
Tesla stock has rallied about 20 percent since its annual shareholder's meeting on June 5, where Musk promised profitability in the third quarter. Tesla TSLA CEO and chairman Elon Musk went after shorts on Twitter over the weekend.
Dow Jones futures fell early Monday, along with S&P 500 futures and Nasdaq futures as Asian markets and crude futures retreated. Five notable chip stocks are near buy points: Micron Technology (MU), Texas Instruments (TXN), Broadcom (AVGO), ASML (ASML
In an effort to attract customers, American Express Co. AXP has launched a new credit card named, American Express Cash Magnet Card. Other benefits on the card include a complimentary ShopRunner membership and Amex Offers rewarding Card Members at places they like to shop, travel and dine. This effort by American Express reflects its strategy to lure new customers and retain the existing base in the persistently highly competitive credit card industry.
Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) stock is the Taj Mahal of company stocks, long known for its sky-high Class A share price and for its iconic -- and refreshingly unassuming -- chairman, president and CEO, Warren Buffett. The Omaha, Nebraska-based company operates in the financial services sector (particularly insurance) and also operates in the freight transportation, real estate brokerage, energy, utility and diversified manufacturing sectors. The company, founded in 1889, boasts 377,000 employees, and many staffers are likely wondering what a post-Buffett Berkshire Hathaway would look like.
The Organization of the Petroleum Exporting Countries (OPEC) and some of its allies will meet in Vienna on Friday to discuss increasing oil output, and while it is widely expected that they will increase production oil prices should remain high this summer, according to Goldman Sachs. Brent crude oil rallied to about $80 a barrel in the spring amid a tightening market, but pulled back when it seemed apparent that OPEC would intervene. Now, the European oil benchmark is trading around $75 a barrel – but Goldman expects it will peak at $82.50 in the summer and will trade at $75 at yearend.
A recent revelation in business is that subscription models are a gold standard for making money. A subscription service locks consumers in to pay some amount every month and/or every year. Thus, subscription revenues are annually recurring, meaning they don’t have much volatility because they happen every year.
Valeant Pharmaceuticals International Inc.’s rebound from this year’s low in March was stopped in its tracks after U.S. regulators rejected its application for a plaque psoriasis lotion, Duobrii, that management saw as the first of many new drugs to hit the market in the next few years. Trading volume was more than 1.5 times the full-day average of the past three months as investors retreated even after the company pointed out that the Food and Drug Administration’s ruling was related to its pharmacokinetic data and said management is working to “resolve this matter expeditiously” and has already requested a meeting with regulators. Wells Fargo analyst David Maris warned that an approval may be delayed by six to nine months depending on Valeant’s need to generate additional data.
With a stock market that's been picking up steam for quite some time, finding reasonable places to invest is challenging. Moreno has several picks he feels are ready to move higher, starting with United States Steel Corp. The steelmaker's stock has been trading sideways despite President Trump's imposition of steel tariffs on imports.
Semiconductor stocks have been the subject of unpredictable volatility so far this year, but the underlying business of this industry is growing—and should continue that trend in 2018 and beyond. Throughout the chip-making space, companies have successfully adapted to the changing needs of the consumer, including an increased demand for small, high-powered chips that enable “Internet of Things” (IoT) devices. For those that don’t know, the Internet of Things is the growing world of interconnected household and industrial devices.
JP Morgan is out with a bullish note on Micron Technology, Inc. (NASDAQ:MU) in which the Wall Street firm not only reiterated its Overweight rating and $82 price target on Micron stock, but also recommended buying shares ahead of the company’s next earnings report. JP Morgan expects the numbers to be quite good given improving fundamentals in the memory market, driven primarily by robust cloud data center spend.
The Financial Industry Regulatory Authority Foundation estimate s nearly two-thirds of Americans c a n't pass a basic financial literacy test. Schools aren't instilling financial literacy along with ABCs and the three R's, but parents can educate kids about money.
Investors and financial planners both suggest that dividend stocks can be a great source of income for those looking to supplement their retirement savings. The blue-chip stock's staying power and brand recognition should be viewed favorably by retiree investors, says Robert Johnson, principal at the Fed Policy Investment Research Group. Demand for Johnson & Johnson's products remains fairly consistent, providing a more stable investment in the event of a stock market decline, Johnson thinks.
In the wake of Comcast making a higher, all-cash bid for 21st Century Fox, Disney is expected to add cash to its offer for the entertainment conglomerate, according to CNBC. Meanwhile, Pivotal Research Group downgraded Disney stock to sell from hold, citing the risk from paying more for Fox. Comcast is more confident that its deal would pass antitrust muster after AT&T got a federal judge's OK last week to close its Time Warner acquisition. Disney shares finished 1.6% lower at 107.06 in the stock market today.
Shares of the beleaguered industrial giant are down 9.6% in the last 30 days, despite getting a boost from investors on May 21 when the company announced an $11.1 billion deal between GE Transportation and Wabtec. The challenges in the Power segment could pose a severe risk to GE's credit rating.
2018 is just about over, in the minds of some investors. "We expect investors will soon look past 2018 and focus on 2019 growth," says Goldman Sachs strategist David Kostin. "For many years, beginning in July investors would start to value stocks
Jun.18 -- Audi CEO Rupert Stadler was taken into custody in Munich as part of the diesel-cheating scandal impacting the automaker and parent company Volkswagen. Bloomberg's Elizabeth Behrmann reports on "Bloomberg Daybreak: Americas."
Ford has developed a massive development plan for a new-mobility corridor stretching from Detroit through its revamped headquarters in Dearborn to the University of Michigan in Ann Arbor. CEO Jim Hackett is bringing his "design thinking" innovation and management approach to the task of remaking the 100-plus-year-old company. Ford has bought a huge, crumbling rail station near downtown Detroit and intends to combine it with a plan to revive the city's Corktown neighborhood to be a center of the carmaker's Smart Mobility efforts.
Big Pharma is struggling to keep up with the rest of the market this year as tepid revenue, growth, the expiration of key patents, and the likelihood of the government imposing tighter cost controls hold back its performance prospects. Earlier this month, while the broader S&P 500 was yielding just 2%, the dividend yield on the big drug companies in the index was nearly a full percentage point higher at 2.9%.
Redfin’s CEO said in February that he expects housing-market conditions to get worse before they get betterMarketWatch photo illustration/ZillowNow Zillow won’t just show you houses and steer you to real estate agents - it will also sell you some directly. Goldman Sachs on Monday downgraded two real-estate stocks as housing-market challenges persist and the end of the spring selling season looms. In a research note, Goldman equity analysts call Zillow Group(ZG)and Redfin Corp.(RDFN)“online real estate stocks” but note that, despite their internet origins, both companies are still at the mercy of the real-world housing backdrop: tight supply, rising prices and a challenging mortgage lending environment in which credit remains tight even as rates rise.
Evercore ISI analyst C.J. Muse raised his price target on Micron Technology Inc. shares to $100 from $80, ahead of the company's Wednesday afternoon earnings report. "While Micron's stock is up a solid ~90% over the last year, we note EPS has actually grown by ~130% meaning Micron's very low multiple has continued to compress - a clear signal of cyclical concerns," Muse wrote in a Saturday note. Micron's stock is down 0.5% in Monday trading but up 41% so far this year.
First-quarter-earnings season is just about complete, and more than 78% of S&P 500 companies that have reported beat expectations for earnings per share. It should also be good enough to stay the course as long as Federal Reserve members stay on theirs, and if volatility in the U.S. dollar and West Texas Intermediate crude remains moderately predictable. After all, the Atlanta Fed's model for second-quarter GDP growth stands at a solid 4% as I write this.
Following months of negotiations, the United States and China are again on the brink of an all-out trade war. The United States has targeted a flurry of Chinese goods, while China has vowed to respond with tariffs of its own, which could hurt U.S. businesses. The White House will impose a 25% tariff on $50 billion Chinese imports, which has increased the chances of a confrontation with China over trade.. The United States has decided to penalize China for stealing American technology and of course trade secrets.
Shares of Intel Corp. are down 4.5% in Monday morning trading after Northland Capital Markets analyst Gus Richard downgraded the stock to underperform from market perform. "Intel's process technology leadership is diminished if not evaporated." Richard sees enhanced competition from Advanced Micro Devices Inc. ahead. Intel shares are up 49% over the past 12 months.