Per a recent FierceTelecom report, Verizon Communications Inc VZ has come up with a range of wireline and wireless offers for Thanksgiving shoppers.Currently, Verizon carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank
It’s the most valuable company in the world with a market cap nearing $1 trillion, its stock soared more than 50% in 2017 and it turned in blockbuster earnings for its fiscal fourth quarter. But that still wasn’t impressive enough for some hedge funds. Apple Inc. AAPL, +1.05% for all its brand power and the x-factor of its iPhones, failed to make the top 5 stocks popular with hedge funds, according to Goldman Sachs, in a report Wednesday. It came in at number seven, between Time Warner Inc. TWX, +0.50% and Bank of America Corp. BAC, -0.26% Hedge funds have made a killing by investing heavily in the information technology sector so far in this year, with returns of 10%, posting their best year
The Walmart (WMT) employee of the future will be focused more on customer service and much less on tasks like searching for a product in the stock room, according to CEO Doug McMillon. “There are things about retail that are not enjoyable,” McMillon said at an event on Tuesday hosted by the Economic Club of New York. Walmart employee restocks a shelf in the grocery section of a Wal-Mart Supercenter in Troy, Ohio.
As Royal Caribbean Cruises Ltd. RCL approaches the end of its Double-Double program, bookings are at record levels, dividends are at an all-time high, costs have been well managed and guest satisfaction has improved significantly. Consequently, the company’s shares have rallied 51.9% in the past year, as against the industry’s growth of 25.1%. The company has thus once again developed a multi-year period program named — 20/20 Vision — that leverages the culture and the discipline instilled by the Double-Double program while including a broader set of goals.
On Nov 22, Enbridge Energy Partners, L.P. EEP was downgraded to a Zacks Rank #5 (Strong Sell). Key FactorsOver the last 30 days, the Zacks Consensus Estimate for fourth-quarter 2017 earnings has been revised down from 25 cents to 20 cents. Moreover,
Nov.23 -- S&P Global Chief Economist Asia-Pacific Paul Gruenwald discusses China's economy and talks about the country's credit data. He speaks on "Bloomberg Daybreak: Asia."
Bloomberg reported on Tuesday that Uber had paid hackers $100,000 to conceal an October 2016 data breach that exposed the personal information of 57 million users. The decision to cover up the hack was led by Uber's former chief executive, Travis Kalanick, and chief security officer Joe Sullivan, who has since been fired. The company demanded that the hackers sign nondisclosure agreements and then went on to disguise the payout fee as a "bug bounty," The New York Times reported.
NEW YORK/CALGARY (Reuters) - The clean-up of an oil spill from TransCanada Corp's Keystone pipeline may last several weeks, South Dakota's environmental regulator said on Wednesday, but it is still unclear when the key artery will restart. Last week, the Keystone system linking Alberta's oil sands with U.S. refineries spilled 5,000 barrels in rural northeastern South Dakota, four days before neighboring Nebraska voted to remove a big regulatory obstacle for the company's Keystone XL project. TransCanda has so far recovered 571 barrels of oil, a spokesman said.
Nucor Corporation NUE is set to build a rebar micro mill in Sedalia, MO, about 90 miles east of Kansas City. This project was formally announced at an event with Governor Eric Greitens held at Lowell Mohler Assembly Hall post its approval by the Missouri Development Finance Board. The project, which represents an investment of at least $250 million, is expected to start in 2019 pending the final approval, state and local incentives as well as other permits and regulatory clearances. The move will allow the company to take advantage of the abundant scrap supply in the immediate area provided by Nucor's scrap business.
If the price of crude oil is rising, does that mean it's time to buy energy stocks? According to the Energy Information Administration, U.S. producers cranked out 9.62 million barrels per day in the week ending November 3. Meanwhile, the breakout in crude oil hasn't translated to higher prices for oil stocks.
Have a Happy Thanksgiving! In the morning, earnings from Deere & Co. (DE) will be the main corporate highlight, with the economic schedule bringing investors the weekly report on initial jobless claims, the University of Michigan’s latest report on consumer sentiment, while the afternoon will see the release of the minutes from the latest FOMC meeting. Markets in the U.S. will be closed on Thursday for Thanksgiving and open just a half day on Friday.
It's no secret Amazon.com Inc. ( AMZN) is eyeing the pharmaceutical market, and Wall Street firm Cowen thinks the online giant should acquire Rite Aid Corp. ( RAD) to speed up its entrance. In a research note to clients, Cowen analyst John Blackledge argued that if the Seattle e-commerce stalwart were to open pharmacies in Whole Foods locations and on Prime, it could pick up market share gains at an accelerated pace if it bought the drugstore chain. "Our Cowen proprietary survey data suggests 67 percent of Amazon Prime members would purchase prescription drugs through Amazon if they were available," wrote Blackledge in the note covered by CNBC.
Bitcoin pushed beyond $8,000 this week, a boon to those willing to pour money into a risky and speculative piece of code that's hoarded more than spent. Despite all the evangelizing about the blockchain's decentralized nature, the days of a global network of laptop-toting techies mining Bitcoin from home or the coffee shop appear to be over. This isn't great news for big listed chipmakers such as Advanced Micro Devices, Inc. and NVIDIA Corp., whose graphics cards have been used to do the power-sucking computations needed to confirm transactions.
Jim Cramer watches for one chart pattern that can tell you a stock is ready to skyrocket.
Unease rippled through China’s stock market on Thursday, with a gauge of large-cap shares plummeting the most since June last year, as investors fretted a bond rout is getting out of control. The CSI 300 Index sank 3 percent, with losses steepening in the last hour of trading. Sixteen shares declined for each that rose on the gauge. Industrial & Commercial Bank of China Ltd., Ping An Insurance (Group) Co. and Kweichow Moutai Co. were among the biggest drags on Shanghai’s benchmark index. Hong Kong’s Hang Seng Index slid 1 percent from a decade-high. Yields on sovereign debt and top-rated local corporate notes have climbed to the highest level in three years as a deleveraging campaign gathered
Lockheed Martin Corp. LMT has won a modification contract to exercise an option for providing class services in support of the Littoral Combat Ship program. The contract includes foreign military sales (FMS) to the Kingdom of Saudi Arabia.Contract Details
Carl Icahn has taken a 13.5 percent stake in SandRidge Energy Inc. and says he and his affiliates intend to vote against its “nonsensical” agreement to acquire Bonanza Creek Energy Inc. for about $746 million. The billionaire investor said in a regulatory filing Wednesday that he may also propose alternative transactions at a later date and might call a special shareholder’s meeting to remove the company’s board. SandRidge rose as much as 8.6 percent after the close of regular trading. It’s the first activist stake taken by Icahn since December 2015 when he invested in Pep Boys -- Manny Moe & Jack, which was bought by Icahn Enterprises the following year, according to data compiled by Bloomberg.
As shares of aircraft manufacturer Boeing Co. (BA) gain over 70% year-to-date (YTD), while the S&P 500 has increased 16% over the same period, one team of analysts indicates that the stock is on track to finish out 2017 even higher. On Tuesday, Jefferies analyst Sheila Kahyaoglu lifted her price target on BA to $312 from $300, forecasting Boeing to grow earnings at a double-digit rate. She attributed her more bullish outlook to improved demand and productivity at the jet manufacturer. The analyst expects a pileup of commercial jet orders to lead Boeing to post deliveries up 6% annually over the next decade. (See also: Airbus, Boeing Land Over $75B in Aircraft Orders.) “We have increased confidence
Lyft is raising up to another $500 million in funding, according to documents filed Tuesday and first reported by Axios. The effort comes a month after the San Francisco-based ride-hailing company announced a $1 billion funding round led by Google parent Alphabet Inc.'s GOOG, +0.14% GOOGL, +0.15% CapitalG. The additional $500 million would be an extension of that round, according to a share authorization filing in Delaware.
If you think Black Friday sales are going to get competitive this year, you may be in for a treat while shopping for your Christmas tree. According to the National Christmas Tree Association, there is a shortage of holiday trees in certain states this year—similar to last year—resulting in price hikes, limited supplies and signaling a dying industry. Prices were somewhat higher in 2016 and we expect a modest increase in 2017,” Tim O’Connor, executive director for National Christmas Tree Association, tells FOX Business.
Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Apple AAPL, Adobe ADBE, Anheuser-Busch BUD, Tesla TSLA and General Mills GIS. Today, Zacks is promoting its ''Buy'' stock recommendations.
United Parcel Service has acquired a manufacturing pharmacy license from Georgia's Board of Pharmacy, enabling the company to not only ship pharmaceuticals, but to relabel them. While UPS has for years acted as a carrier for drug companies like Merck — which has a facility based in Georgia — the new license would effectively give the shipping company more flexibility in handling the product. A UPS spokesperson confirmed the new license was obtained, but maintained that this was part of standard operating procedure in order to remain compliant with federal law. The new license could also be required if UPS wanted to add an insert to a shipping package, the spokesperson said. "UPS recently obtained
and Tencent, have each more than doubled. While some of the run-ups feel a little stretched -- particularly, Amazon, Netflix, Alibaba and Tencent's -- we're still generally well-removed from the nosebleed levels of the Dot.com bubble, and until events happen that lead investors to seriously question their sales and profit expectations for these companies, the odds of a giant selloff happening don't feel especially high.
Apple Inc AAPL CEO Tim Cook has been vocal about augmented reality (AR) for quite some time now. To boost its efforts, Apple has purchased Canada-based AR headset maker, Vrvana for $30 million, per a TechCrunch Report. Vrvana is best known for its Totem headset, which combines AR and virtual reality (VR) technologies.
AP Images Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox. President Donald Trump told White House reporters on Tuesday that