It’s been hard to be a shareholder in copper and gold stock Freeport-McMoRan (NYSE:FCX) over the last few years. First, there was the collapsing copper and gold prices due to the recession. The latest battle and subsequent bruising to its share price stem from issues with the Indonesian government at its largest mine — and there is finally some closure on that front.
Texas Instruments has dumped CEO Brian Crutcher for personal misconduct less than two months after he took over the job, ruining the chip maker's hopes for a smooth transition to new leadership. Crutcher resigned Tuesday after TI's board determined he violated the company's code of conduct with behavior the company said was not consistent with its ethics and core values. TI emphasized Crutcher's transgression wasn't related to its operations or finances.
Philip Morris International Inc. PM is slated to release second-quarter 2018 results on Jul 19, before the opening bell. The company’s earnings have lagged estimates in three of the past four quarters, with an average miss of 1.5%. Well, this renowned tobacco company has been sailing on troubled waters, thanks to declining cigarette shipment volumes, triggered by government regulations to curb tobacco consumption and anti-tobacco campaigns.
Several drug companies have recalled medications containing valsartan, an off-patent ingredient used in generic medications to treat heart failure and high blood pressure. The companies blamed the recall on the presence of N-nitrosodimethylamine (NDMA), an impurity thought to be produced because of changes in manufacturing that is classified as a probable cancer-causing agent. The Food and Drug Administration issued an announcement about the voluntary recalls on July 13.
Mike Wilson, Morgan Stanley, on the rocky market road ahead. Is it time to get defensive? With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Guy Adami.
How many credit cards should you have if you want an excellent credit score? A credit score is a personal rating that determines the interest you pay for a loan, or whether you qualify for a loan at all. It's calculated based on payment history, how much you owe, your length of credit history, the types of credit you have and how often you apply for new credit.
The rise of Chinese Internet giants like Alibaba and Tencent happened as the U.S. tech industry largely ignored that market, Yahoo co-founder Jerry Yang said. Famed founders of the current crop of Chinese Internet giants, like Jack Ma at Alibaba and Pony Ma at Tencent thus became “battle-tested entrepreneurs.” They began to develop original business models, he explained.
Netflix didn't add as many subscribers as expected by a bunch of people on Wall Street who on a quarterly basis govern whether or not it'll be more valuable than Comcast -- and that is probably a bad thing, as it's one of the primary indicators of its future potential for said finance folk. While it's still adding subscribers (a lot of them), it fell below the forecasts it set for itself during the second quarter. This comes amid a spending spree by the company, which is looking to create a ton of original content in order to attract a wider audience and lock them into that Netflix ecosystem.
Microsoft Corp. is trading at a record high as it prepares to release its latest quarterly results. While analysts’ earnings-per-share estimates are little changed since May, their average price target for the stock has climbed. Microsoft, once known for its dominance in desktop computer operating systems, has climbed more than 20 percent this year as investors grow increasingly confident in its push toward cloud computing.
Now that second-quarter earnings season is in swing, we've already heard from a number of big banks, although with mixed reactions. On the payments side of financials, Oppenheimer's Glenn Greene takes a look at Mastercard (MA) and Visa (V) ahead of their reports, writing that he expects their robust run to continue. Greene reiterated an Outperform rating on both stocks Tuesday, and raised his price target on Mastercard to $215 from $197, and for Visa to $154 from $143.
Advanced Micro Devices (NASDAQ:AMD) has been on fire since its last earnings report in late April. While AMD stock wasn’t trading at its absolute lows when it reported, it was pretty close. Anyway, the quarter helped propel shares from roughly $10 to
If you were a bit concerned about Bank of America (NYSE:BAC) before earnings, you weren’t alone. Off the price chart, back-winds of corporate tax cuts, conducive interest rates and favorable regulatory environment coupled with internal cost-cutting measures manifested themselves into a better-than-expected profit report for Bank of America. On the price chart, the situation looks equally supportive for shareholders to line their own coffers following an important and lengthy technical incarceration from which BAC bulls can break out of.
Chip-stock analysts continue to like what they are seeing in the area of memory chips, such as DRAM. The main positive bit of news today is the report overnight of comments by Nanya Technology (2408TW), a DRAM producer that has just 3% of the industry’s total DRAM supply. Nanya said it is going to “expand its wafer bit output by 48%,” according to an analysis of the report by Cowen & Co.’s Karl Ackerman.
After sustaining an uptrend on the markets since bottoming in February, GlaxoSmithKline (NYSE:GSK) still has an attractive profile for income and value investors. The stock’s rock-solid dividend and its growth potential from a number of positive wins
Tuesday, July 17, 2018The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including AT&T (T), Home Depot (HD) and Cisco (CSCO). These research reports
Jim Lebenthal of HPM Partners and Jon Najarian of Najarian Family Office join CNBC's Scott Wapner on how the market is reacting to Federal Reserve Chairman Jerome Powell's Senate testimony.
A special committee of Papa John’s Board of Directors has decided to kick founder John Schnatter out of his office at the company’s headquarters in Louisville, Ky., the board announced in a statement Sunday.
Trendy footwear firm Skechers U.S.A., Inc. (NYSE:SKX) will join the earnings parade on Wall Street this week. SKX stock is still down after the company issued disappointing guidance in its last quarterly report. In other words, the issue appears to be with distributor weakness, not with demand of Skechers shoes.
Preparing for retirement should begin as early as your 20s. The best advantage you can utilize for your retirement planning is time - so the earlier you start, the better. If you’re not in your 20s anymore and haven’t started your retirement planning, that’s okay.
Investors in Ford Motor Company F need to pay close attention to the stock based on moves in the options market lately. What is Implied Volatility? Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
Shares of Twitter (NYSE:TWTR) sunk on Monday following a Friday report from The Washington Post that the social media company had suspended millions of accounts. Plus J.P. Morgan (NYSE:JPM) thinks yesterday’s slip represents a solid buying opportunity. The Post reported last Friday that Twitter’s recent efforts to suspend and remove accounts hoped to “lessen the flow of disinformation on the platform.” Data obtained by The Post reportedly showed that Twitter has been suspending more than 1 million accounts per day in recent months.
The company's shares fell as much as 2.5 percent in after-market trading even as Texas Instruments reported second-quarter earnings and sales figures that beat estimates. Chairman Rich Templeton will reassume the roles of chief executive officer and president and the chipmaker is not searching for a replacement, Texas Instruments said. "The violations are related to personal behavior not consistent with the company's ethics and core values, but not related to company strategy, operations or financial reporting," Texas Instruments said in a statement.
Shares of chipmaker Advanced Micro Devices Inc. ( AMD) have rallied on a bullish note from one team of analysts who sees a positive earnings surprise in store for the Santa Clara, California-based company. AMD stock gained nearly 2% on Monday after popping 5% on Friday to reach its highest level in 10 months. On Friday, Stifel analyst Kevin Cassidy, who rates AMD at buy, increased his 12 month price target on the stock from $17 to $21, representing a nearly 27% upside from Monday close. He cited strength in AMD's EPYC server CPU business, which he wrote is "winning server designs." He expects the model to gain traction ahead of consensus expectations for 5% unit market share exiting the the fourth quarter of 2018.
Alibaba Group (BABA), perceived as the "Amazon of China," is a must-own franchise for some investors -- myself included. From the different analyst reports I've read, there are multiple headwinds causing them to lower EPS projections, including growing competition in e-commerce and cloud services, economic slowing in China and RMB currency depreciation, a one-time step-up in stock compensation related to Ant Financial’s recent financing, and overall increasing investments by Alibaba that will hurt profitability. China's e-Commerce market is expected to pass $1.1 trillion in 2018.
Corporate profits are booming, with research firm FactSet plotting a blended earnings growth rate of about 20% for the S&P 500 Index (SPX) Furthermore, more than one in five companies in the index issued positive guidance for second-quarter results going into this reporting season, which is the highest share since 2006. To make the most of this high-octane earnings season, then, investors should be more discerning than just camping out in an index fund that gives you nearly equal shares of winners and losers. Here are seven sectors that are likely to make waves this earnings season, with a stock to buy and stock to sell in each.