- S&P Futures2,805.75-0.37%
- Dow Futures25,640.00-0.37%
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- Investopedia•2 hours ago
Berkshire Is Undervalued, Says JPMorgan
Berkshire Hathaway Inc.'s ( BRK.B) Class B shares are cheap if you apply the same metrics that its CEO Warren Buffett does to value companies, according to JPMorgan. In a research note, reported on by CNBC, analyst Sarah DeWitt said Berkshire, a company that investors have historically struggled to value properly because of its many moving parts, suddenly appears to be attractively priced when factoring in all the profits made by the stocks held in its $200 billion equity portfolio into its earnings. “Look-through earnings” take into account current period earnings that show up in financial statements, together with other sources of earnings expected in the long run. This method is used by Buffett as a way to appreciate that companies sometimes retain earnings after paying dividends and later invest them at a higher rate of return.
Business Insider•yesterdayA former GE exec who trained new managers found that almost all of them were making the same mistake
Beth Comstock is the former vice chair of General Electric. Comstock would hand out "permission slips" authorizing employees to take risks — but she also said it's important for people to stop hiding behind their excuses. Beth Comstock doesn't tolerate excuses.
Yahoo Finance•yesterdayKen Langone: 'Who the hell in their right frame of mind would be buying bonds now?'
Billionaire investor and philanthropist Ken Langone, the founder of The Home Depot (HD) and chairman of Invemed Associates, argued that there’s some “big time” structural problems in the market right now. Because if we are on a trajectory of raising rates that means, and if it keeps going that way and I don’t know how high it will go, and it keeps going that way then all the sudden the guy who bought those bonds is going to be looking at a fairly decent loss,” Langone said.
- MarketWatch•2 hours ago
Netflix is ditching freeloaders from subscriber forecasts after volatile stock moves
After two consecutive off-the-mark quarters, falling short of its own forecasts for subscriber growth, Netflix Inc. hopes to put an end to the big swings in its stock price with some changes to its accounting. In kicking off tech’s earnings season Tuesday, Netflix (NFLX)reported better-than-expected subscriber growth in the quarter, leading to an 11% jump in its shares in after-hours trading. Three months ago, Netflix reported weaker-than-expected subscriber growth, sending its stock tumbling about 12% in the next trading day.
- Investopedia•1 hour ago
Procter & Gamble Reports Earnings With Negative Chart
The Procter & Gamble Company ( PG) is a multi-national and a component of the Dow Jones Industrial Average. Procter & Gamble stock closed Wednesday at $81.86, down 10.9% year to date and in correction territory at 11% below its 2018 high of $91.92 set on Jan. 2. Procter & Gamble shares are underperforming the Dow 30, which is up 4% year to date and is 4.6% below its all-time high of 26,951.81 set on Oct. 3.
- CNBC Videos•15 hours ago
Tilray CEO says there could be a $100 billion pot stock c...
FM trader Tim Seymour takes on the Tilray CEO, Brendan Kennedy. A breakdown of the marijuana madness, with CNBC's Dirdre Bosa and Melissa Lee, and the Fast Money traders, Pete Najarian, Dan Nathan and Guy Adami.
- MarketWatch•2 hours ago
Walmart will save $20 million annually on floor wax
Walmart Inc. has found a new way to save millions of dollars: Switch the floor wax it uses in its stores. According to the retail giant’s Chief Financial Officer Brett Biggs, Walmart (WMT) switched to a new floor wax that’s both cheaper and more effective, reducing the number of times the floors have to be buffed. “That one change in floor wax will save us over $20 million a year,” he said, according to a FactSet transcript of the company’s Tuesday investment community meeting.
- Zacks•15 hours ago
Alibaba (BABA) Dips More Than Broader Markets: What You Should Know
Investors will be hoping for strength from BABA as it approaches its next earnings release, which is expected to be November 2, 2018. On that day, BABA is projected to report earnings of $1.16 per share, which would represent a year-over-year decline of 10.08%. Investors should also note any recent changes to analyst estimates for BABA.
- InvestorPlace•16 hours ago
Pfizer Layoffs: Company to Offer Early Retirement Deals Ahead of Cuts
A new round of Pfizer layoffs (NYSE:PFE) has been announced by the pharmaceutical giant as the company is seeking to offer early retirement deals to some of its workers before gearing itself to carry out jobs cuts this year. “As we prepare for growth we are creating a simpler more efficient structure which will affect some managerial roles and responsibilities.
- Bloomberg•16 hours ago
Pot Stocks Tumble in First Hours of Canada’s Legal Weed Market
(Bloomberg) -- Canada’s Green Day started in the red for stocks looking to benefit from the country’s legalization of recreational marijuana. By the end of the day, a few advancers emerged from the downdraft.Pyxus International Inc. and Green Organic
- Zacks•23 hours ago
Advanced Micro Devices (AMD) Q3 Earnings Preview: Here's What to Look Out For
Advanced Micro Devices (AMD) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2018. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 24, 2018, might help the stock move higher if these key numbers are better than expectations.
- Fortune•2 days ago
Steven Mnuchin, Who Sat on Sears' Board for Years, Could Impact the Pensions of Thousands of Workers
Long before he was Secretary of the Treasury, Steven Mnuchin was a student at Yale University. One of those was Eddie Lampert. Lampert, of course, is the recently departed CEO of Sears Holdings, which filed for Chapter 11 bankruptcy Monday.
- CNBC Videos•14 hours ago
Alphabet and Amazon, Cramer's largest trust holding, can ...
Jim Cramer checks in on FAANG after Netflix's earnings beat to see how shares of the technology giants are holding up.
InvestorPlace•23 hours agoCanopy Growth Stock Is a Well-Positioned, High-Flier Despite the Dip
Some investors might be thinking “what are bulls smoking” in Canopy Growth Corp (NYSE:CGC). An out-the-gate bid in CGC stock on Tuesday immediately in front of Canada’s anxiously awaited legalization of recreational marijuana Wednesday turned quickly into a case of the jitters. One only need look at the price charts of industry peers like Tilray (NASDAQ:TLRY), New Age Beverages (NASDAQ:NBEV) or Cronos Group (NASDAQ:CRON) to get a whiff of the high life and how in turn, that may have led to Tuesday’s investors in CGC getting skunked.
- Zacks•15 hours ago
Ford (F) Dips More Than Broader Markets: What You Should Know
Ford (F) closed the most recent trading day at $8.76, moving -0.45% from the previous trading session. This change lagged the S&P 500's daily loss of 0.03%. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq lost 0.04%.Heading into today,
- Zacks•15 hours ago
Nvidia (NVDA) Dips More Than Broader Markets: What You Should Know
Heading into today, shares of the maker of graphics chips for gaming and artificial intelligence had lost 9.29% over the past month, lagging the Computer and Technology sector's loss of 4.86% and the S&P 500's loss of 3.08% in that time. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.25 billion, up 23.44% from the year-ago period. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Yahoo Finance•3 hours agoEXCLUSIVE: Walmart's grocery warehouse worker of the future will have a STEM background
Walmart will soon break ground on in Shafter, California with a distribution center that will deploy Witron technology. This technology uses automation to store and retrieve grocery items such as produce, eggs, dairy, and frozen goods to build pallets while associates work alongside the system. The new distribution center will be able to move 40% more product than a regular distribution center, according to Tim Cooper, an SVP for Walmart’s logistics in the West.
- CNBC•15 hours ago
Cramer: Alphabet and Amazon, my largest trust holding, can still be bought after Netflix beat
CNBC's Jim Cramer checks in on FAANG after Netflix's earnings beat to see how shares of the technology giants are holding up. Alphabet and Amazon's stocks look "ripe to buy" after the recent sell-off, the "Mad Money" host says. CNBC's Jim Cramer has spotted some attractive buying opportunities in FAANG — his acronym for the stocks of Facebook FB , Amazon AMZN , Apple AAPL , Netflix NFLX and Google, now Alphabet GOOGL — after the market's latest sell-off.
- Zacks•23 hours ago
AT&T (T) Q3 Earnings Preview: How Are Events Shaping Up?
The market expects AT&T (T) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2018. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 24.
- Zacks•2 days ago
Fulton Financial (FULT) Surpasses Q3 Earnings and Revenue Estimates
Fulton Financial (FULT) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.33 per share. This quarterly report represents an earnings surprise of 12.12%. A quarter ago, it was expected that this financial holding company would post earnings of $0.13 per share when it actually produced earnings of $0.20, delivering a surprise of 53.85%.
InvestorPlace•22 hours agoBuy Canopy Growth as Pot Goes Legal in Canada? I Wouldn’t
Canopy Growth Corp (NYSE:CGC) did a tremendous job holding up through the volatile first half of October. While the S&P 500, Nasdaq and other well-known indices and stocks were getting hit, CGC stock was holding steady and actually rallying. With Canada legalizing recreational marijuana use today, does that make Canopy Growth stock a screaming buy?
- Barrons.com•5 hours ago
$315,200 For a Single Berkshire Hathaway Share and Two Other Numbers You Should Know
Stocks tried to make a comeback, but then, the minutes from September’s Federal Reserve meeting were released. The takeaway was, in short, that the Fed is still on a path of hiking interest rates. For investors who thought they would see doubt from the Fed or expected President Donald Trump’s criticism of rate increases to make a difference—there wasn’t and it didn’t.
- Fortune•18 hours ago
Pfizer Offers Early Retirement to U.S. Employees Ahead of Layoffs
Pfizer is offering U.S. employees early retirement ahead of company cuts that will hit around 2% of its 90,000 workers worldwide, CNBC reports. In an internal message to employees Tuesday, the company said the layoffs are a part of restructuring that aims to “simplify the organization to avoid duplication, create single points of accountability and reduce the number of layers within teams,” the New York Business Journal reports. “As we prepare for growth we are creating a simpler more efficient structure which will affect some managerial roles and responsibilities,” a Pfizer spokeswoman told CBNC.
Business Insider•2 days agoSears soars 36% — one day after filing for bankruptcy (SHLD)
The retailer received approval on Tuesday to access a $300 million loan to keep it afloat during bankruptcy. Sears Holdings soared as much as 124% — one day after filing for bankruptcy — as the embattled retailer received approval to access a $300 million loan to keep it afloat during bankruptcy.
- MarketWatch•1 hour ago
Marijuana stocks to watch: Canopy Growth is the cannabis business’s $4 billion gorilla
The following article is part of a package of stories that MarketWatch is publishing to mark the start of full legalization of cannabis for adult use in Canada on Wednesday. Smith Falls, Ontario–based Canopy Growth Corp. made headlines and drove cannabis stocks to new heights over the summer when it announced that Corona brewer Constellation Brands Inc. was going to invest an additional $4 billion in the company. Billed by both companies as a strategic partnership, the additional $4 billion investment adds to the 9.9% stake that Constellation bought in October of last year and sets the company up to either be bought outright by Constellation — via warrants that could increase its stake to more than 50% — or continue to work with the beverage company to create a range of consumer-focused cannabis products that may one day appear in markets in dozens of countries.
