Under Armour President Patrik Frisk is bringing a disciplined approach to solving the company's most pestering issue, an inventory backlog. Frisk has put initiatives in place that should enable precise inventory and supply chain management, according to Jefferies analyst Randal Konik. Under Armour has been steadily solving one of its most pressing issues.
Tesla has filed a lawsuit against the employee CEO Elon Musk said committed sabotage against the company, Bloomberg first reported. On Monday, Musk said an employee had changed parts of Tesla's manufacturing operating system code and sent "highly sensitive" company data to outside parties, according to an internal email acquired by CNBC.
The Dow Jones industrial average, S&P 500 index and Nasdaq composite retreated Tuesday as President Donald Trump stepped up China trade war threats. Apple (AAPL) and Facebook (FB) fell back into buy range Tuesday, but found key support. On Wednesday,
Here we used TipRanks' stock screener to pinpoint the most compelling stocks right now. The Street is buzzing about Neurocrine's Ingrezza drug, the first FDA-approved treatment for adults with tardive dyskinesia. On its first quarter earnings call, Neurocrine updated the Street with respect to ongoing market penetration for Ingrezza.
Shares of General Electric (GE) are lower on Wednesday, after S&P Dow Jones Indices said it was dropping the struggling industrial giant from the Dow Jones Industrial Average next week, to be replaced by Walgreens Boots Alliance (WBA). The news isn't exactly a surprise: Barron's predicted it could happen in a recent cover story (“General Electric’s Dim Prospects,” Feb. 17), as the shares are down more than 25% year to date, and that's on top of the 45% fall in 2017. Fourth, the company's cash-generation and previous cash uses are all expected to materially improve this year, while assets sales in excess of $20 billion will support liquidity and the dividend.
Naked Brand and Bendom Limited officially completed their merger today. This comes after shareholders of NAKD voted in favor of the merger on June 11, 2018. The merger has both Naked and Bendon acting as wholly-owned subsidiaries of the new company Bendon Group Holding Limited.
Micron Technology Inc. faces many questions when it reports earnings, with the most important focusing on concern that memory-chip prices have wandered too high even amid continued strong demand from data centers. Chinese regulators launched a probe into memory chip makers like Micron, Samsung Electronics Co Ltd. (005930.KS) and SK Hynix Inc. (000660.KS) earlier this month. Micron shares fell recently following a downgrade from Morgan Stanley that said that any erosion in fundamentals would be a negative for the stock, which had been trading at its highest levels since the dot-com bust.
Warren Buffett, the chief executive of Berkshire Hathaway Inc. , has long been lauded as one of the greatest value investors of this lifetime. That makes his picks for Berkshire a solid pick for a retirement fund with a few years to grow. His preferences
The world's largest coffee chain is facing competition both from upscale coffee houses and lower-priced fast-food chains like McDonald's Corp and Dunkin' Donuts . Starbucks' Executive Chairman and co-founder Howard Schultz said earlier this month that he is stepping away from the company on June 26, ending an era.
Overnight, shares of General Electric fell from the stock's closing price of $12.95 (-55% over twelve months) to $12.54 (-2.2%). Less than $30 billion worth of mutual funds and ETFs even bother to track the Dow Industrials. As an observer, I do believe that CEO John Flannery is an earnest leader making an honest effort.
IQ stock churned in the low $20’s and abruptly took off, climbing north of $30 almost instantly, then $40. IQ may not be profitable like HUYA and SOGO, but given its stellar subscriber growth, it’s no wonder investors are excited.
Oracle is learning that it's hard for enterprise companies born in the data center to make the transition to the cloud, an entirely new way of doing business. In its earnings press release from yesterday, it put it this way: "Q4 Cloud Services and License Support revenues were up 8% to $6.8 billion. See how they broke out the cloud revenue loudly and proudly in March, yet chose to combine their cloud revenue with license revenue in June.
If all of the big tech co’s agree on one thing at the moment, it’s that artificial intelligence and machine learning point the way forward for their businesses. As a matter of fact, Microsoft is about to acquire Bonsai, a small Berkeley-based startup it hopes to make the centerpiece of its AI efforts. The company specializes in reinforcement learning, a kind of trial and error approach to teach a system within in the confines of a simulation.
CNBC’s Dominic Chu takes a look at how stocks perform after being kicked out of the Dow Jones Industrial Average.
Investors have learned the importance of investing for retirement through a 401(k), traditional IRA or Roth IRA. Many investors think it's enough to set up a plan and let time in the market do its work. The road to retirement is a minefield.
Ushering in good news for its shareholders, Realty Income Corporation O recently announced its 97th dividend hike since the company’s NYSE listing in 1994. The company will now pay 22 cents per share compared with the 21.95 cents paid earlier. Realty Income will pay the dividend on Jul 13 to shareholders on record as of Jul 2, 2018.
Investors in Cisco Systems, Inc. CSCO 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.
Nvidia (NASDAQ:NVDA) has been king of the graphics chip world for some time, but Advanced Micro Devices (NASDAQ:AMD) isn’t sleeping. Nvidia, for one, introduced its first unified computing platform, capable of supporting artificial intelligence, called HGX-2. As Tom’s Hardware reported, Nvidia’s CEO Jensen Huang said at the Computerex conference that “two new dynamics are changing the market: slower CPU performance increases, and the rise of Deep Learning and Artificial Intelligence.
General Electric Co. (NYSE:GE), the last original member of the Dow Jones Industrial Average is being booted from the index. It’s tragic, for GE, sure, but it’s also another opportunity to talk about why we shouldn’t report on the Dow. The Dow Jones launched
Tesla is suing a former employee for $1 million, alleging the man hacked the company’s confidential and trade secret information and transferred that information to third parties, according to court documents. The lawsuit also claims the employee leaked false information to the media. The lawsuit against the former process technician Martin Tripp was filed Wednesday in Nevada.
Here are some things going on today in the world of tech: Shares of Comcast (CMCSA) are up 24 cents at $33.05 after Disney (DIS) this morning up’d the ante, raising its bid for assets of 21st Century Fox (FOXA) to $38 per share from $28 previously, a $71.3 billion deal value, topping Comcast, which had bid $35 for the assets last Thursday. Disney shares are up 61 cents, half a percent, to $106.71, while Fox is up $2.76, or 6%, to $47.47. Oracle’s Mistake Shares of database giant Oracle (ORCL) are down $2.48, or 5.4%, to $43.79, after the company yesterday afternoon reported fiscal Q4 revenue and profit that topped expectations, but also forecast revenue this quarter below consensus.
Wedbush analyst Steve Koenig downgraded Oracle Corp. shares to neutral from outperform on Wednesday, following the company's latest earnings report. Oracle shares are down 4.5% in premarket trading Wednesday, but they're up 0.9% over the past 12 months.
When the stock market is struggling to make gains like it has in 2018, dividends are a reliable source of income. Bank of America Corp. (ticker: BAC) recently screened to find the highest-quality dividend stocks in its coverage universe. Automatic Data Processing has a dividend yield of 1.8 percent, a free-cash-flow-to-dividend ratio of 1.8, a return on equity of 43.7 percent and a debt-equity ratio of just 0.5 percent.
Electric carmaker Tesla Inc. sued a former employee for hacking the company’s confidential and trade secret information, transferring several gigabytes to outside entities along with illicit photos of the production line. Tesla accused a former technician at the Nevada Gigafactory of launching a sabotage campaign after being denied a promotion. Martin Tripp wrote a computer program to access proprietary information, sending material to three unidentified entities and attempting to cover his electronic tracks, the company said in the complaint.