Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) jumped more than 5% July 18 on the news Warren Buffett and Charlie Munger have reconsidered their stance on Berkshire Hathaway stock repurchases, something many large investors have been clamoring for it to do. Up until the surprise announcement, Berkshire Hathaway could only buy back its stock at 1.2 times book value or less than that, a multiple it hasn’t seen since 2012. “It’s a somewhat significant change,” said Steven Check, president of Check Capital Management Inc in Costa Mesa, California.
Tesla CEO Elon Musk has tried to correct the record after an analyst report surfaced on Thursday saying his Model 3 is in trouble. In a tweet late on Thursday, Musk called an analyst report that said Model 3 cancellations are double today where they were last year at the same time and higher than orders “bs.” Musk added that last week, Tesla had 5,000 Model 3 “new net orders.” Net orders refers to total orders, less cancellations.
The stock market’s strong run over the past few years brought attention to high-flying growth stocks, usually from the technology sector, that were consistently outpacing the market. However, fresh volatility within the last few months has shifted the
JPMorgan Chase Co.’s (JPM) Chief Executive Jamie Dimon was the highest-paid CEO in the U.S. banking sector last year, snagging a tidy $28.3 million in total compensation, up 3.9% from the previous year, according to S&P Global Market Intelligence. Bank of America Corp. (BAC) CEO Brian Moynihan came in second place with total compensation of $2.13 million, according to the data company, followed by Michael Corbat, CEO of Citigroup Inc. (C) who took home $17.8 million. The surprise fourth place went to Timothy Sloan of Wells Fargo & Co. Inc. (WFC) who took home $17.5 million, even as his bank continued to slowly recover from a series of scandals involving the creation of unauthorized accounts and imposition of other products and fees on to unsuspecting customers.
While it doesn’t seem like it, saving for retirement is easy. You set aside a certain amount each month, or each paycheck, and invest it in your IRA or 401(k). That is, of course, an oversimplification. But once you retire and need to figure out how
One of the most accurate stock pickers on Wall Street recently shared his list of tips on how to spot winners and losers. Wall Street analyst Mark Mahaney, managing director at RBC Capital Markets, is widely known as one of the most accurate stock pickers on the Street.
Toyota Motor Corp. may stop importing some models into the U.S. if President Donald Trump raises vehicle tariffs, while other cars and trucks in showrooms will get more expensive, according to the automaker’s North American chief. The Japanese carmaker is busy analyzing scenarios about how tariff schemes could affect each of its car and truck lines, said Jim Lentz, chief executive officer for Toyota’s North American operations. Trump’s Commerce Department held a hearing Thursday on its probe into whether imports of passenger vehicles compromise U.S. national security.
As bouts of volatility and uncertainty are playing foul in the stock market, investors are looking for both growth and income in their portfolios. Stocks that have a strong history of dividend growth belong to mature companies, which are less susceptible to large swings in the market, and thus act as a hedge against economic or political uncertainty as well as stock market volatility. Additionally, these stocks have superior fundamentals that make dividend growth a quality and promising investment for the long term.
Q.: I have about $57,000 in my traditional IRA and about $6,800 in a Roth IRA. The idea of converting while in low bracket year is sound but fear of the required minimum distributions (RMD) may not need to be a strong motivator. Yes, when RMDs begin they can kick you into a higher tax bracket, but not necessarily.
General Electric Company GE reported better-than-expected results in second-quarter 2018, delivering a positive earnings surprise of 5.6%. This was the company’s second consecutive quarter of recording an earnings beat. The first-quarter earnings surprise
Money is to be made in marijuana stocks in the long run. There may be sympathy plays in other cannabis stocks for a short-term trade. • Canopy Growth stock ran up on excitement about the legalization of marijuana in Canada, and many gurus are urging investors to buy this stock as a once-in-a-lifetime opportunity.
AT&T Inc. will roll out 5G service to three additional U.S. cities, a sign that the industrywide push to adopt the speedier standard is finally moving from marketing announcements to reality. Oklahoma City and two North Carolina cities -- Charlotte and Raleigh -- will be getting the mobile service later this year, AT&T said on Friday. Rival Verizon Communications Inc., meanwhile, has discussed adopting 5G service in four cities this year, including Los Angeles and Sacramento, California.
Russian officials are hoping Vladimir Putin’s rapport with Donald Trump will lead to rapprochement with the U.S. But they’re not taking any chances. A U.S. Treasury report this week appears to show Russia liquidating dollar assets at a record pace, selling four-fifths of its cache of U.S. government debt, $81 billion worth, over a two-month period. It started in April, when the U.S. imposed the most onerous sanctions yet on allies of Putin.
Tech stocks have been unpredictable at times recently, but the sector has rebounded from volatility strongly, and there is no question that tech has been the leader of the market’s strong multiyear run. Finding a strong dividend-yielding tech stock might feel like searching for a golden goose, but investors should not feel too intimidated. 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.
Investors should be excited about Intuitive Surgical Inc. The company reported second quarter profits of $327.4 million, beating analysts' consensus estimate of $292.8 million, while its per share earnings beat the consensus by more than 10%. Canaccord Genuity analyst Jason Mills argued that Intuitive has "solidified its position as the preeminent growth company in large-cap med-tech," according to a research note.
General Electric (NYSE:GE) and Microsoft (NASDAQ:MSFT) reported earnings and reacted in very different ways. Tesla (NASDAQ:TSLA) could be gearing up for a big move, too. Not long ago, General Electric (NYSE:GE) got the boot from the Dow Jones.
A month has gone by since the last earnings report for Micron Technology, Inc. MU. Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. The company registered year-over-year growth in both earnings and revenues and surpassed the Zacks Consensus Estimate as well.
Perhaps the hottest buzz word in the stock market right now is “AI”, or artificial intelligence. Because of this, everyone wants to own as many artificial intelligence stocks as possible. Here’s a list of four of my favorite artificial intelligence stocks which all investors should have on their radar.
A four-day slump in Netflix Inc. after disappointing second-quarter earnings has pushed the shares below one key support level and left them testing a second. Netflix fell as low as $344 on Tuesday after the streaming-video company’s forecast for subscriber growth trailed analysts’ estimates. The stock swung between gains and losses Friday but never broke above the 50-day moving average, which has been a support level throughout the on-again, off-again market rebound from this year’s correction.
AT&T Inc. T is scheduled to report second-quarter 2018 results after the closing bell on Jul 24. In the last reported quarter, adjusted earnings missed the Zacks Consensus Estimate by a couple of cents. During the quarter, AT&T received the green signal from the court to go ahead with its proposed deal to buy the mass media and entertainment conglomerate, Time Warner, for $85 billion.
$26.2 billion purchase of LinkedIn is looking pretty good right now. Microsoft disclosed LinkedIn's revenue rose 37% annually for the second quarter in a row, and totaled $1.46 billion. For comparison, LinkedIn's revenue grew 23% in its last full quarter before it was acquired (Q3 2016).
Colloquially known as the dividend king, AT&T (NYSE:T) has more than earned that title thanks to 34 years of annual dividend raises. Through multiple boom-bust cycles, an unprecedented global banking crisis, and several military conflicts, the AT&T dividend yield has stayed true. With the telecom giant’s much-covered acquisition of Time Warner, several investors have questioned the viability of the AT&T dividend yield.
The most common need of those preparing to step into retirement isn't what you think: it's confirmation that all the hard work, discipline and saving was enough. Retirees want to be reassured that they’ve done a good job and were good stewards of their money. Just because you’ve accumulated $500,000, $1 million or $2 million, doesn’t mean you’ve won the retirement game.
About that GE. If you'll recall, I got out of my more than a year long position in General Electric unscathed in response to first earnings last spring. Unscathed if you do not consider the time and effort spent over a lengthy period massaging an
Legalization of recreational marijuana is on the verge of becoming a reality in the United States as nine states have already legalized every kind of marijuana use. Additionally, the number of Americans supporting the legalization of marijuana usage in both medical and recreational ways has also increased significantly. Also, the industry witnessed first ever U.S. marijuana IPO from Canadian company Tilray.