- Zacks•20 hours ago
What's in Store for Advanced Micro (AMD) in Q3 Earnings?
Advanced Micro Devices Inc. AMD is set to report third-quarter 2017 results on Oct 24. Notably, the company has a positive record of earnings surprises in the trailing four quarters, with an average surprise of 35%.In the last quarter, the company reported
The Street•23 hours agoThe Top 10 Cities for Amazon's Second Headquarters
As the race heats up and cities state their cases to house Amazon.com's (AMZN) second headquarters, Moody's Analytics has some suggestions for the e-commerce giant. The firm presented Amazon with 10 cities where the new headquarters, which has the potential for 50,000 well-paying jobs and a $5 billion investment, should be located. The results were based on five "broad" categories; business environment, human capital, cost, quality of life, and transportation. A sixth criterion, geography, was also considered to "rank cities based on regional and geographic factors that Amazon might be taking into account," Moody's Analytics noted. The bidding for Amazon's second headquarters closed on Thursday,
- Zacks•21 hours ago
GE Badly Misses Q3 Earnings, Lowers View & Defers Dividend
Industrial goods manufacturer General Electric Company GE reported relatively lackluster third-quarter 2017 results and badly missed earnings estimate despite top-line growth. GAAP net earnings from continuing operations for the reported quarter were
The Street•20 hours agoSears' Grim Fate Seems Nearly Inevitable
The games seem to be ending for Sears Holdings (SHLD) . Because of CEO Eddie Lampert's big position in the stock and his ability (via his hedge fund) to finance, loan and pull out almost every stop in the book, Sears had been prone to sharp rallies. This is despite the growing short-interest betting against its demise. Well, that demise has certainly gained momentum. Shares hit new 52-week lows earlier this week, bottoming out at $5.48 before rallying back to $6. Can it continue to stay afloat? Only for so long. With or without the powerful force of e-commerce, Sears was struggling. Its Canadian operations are all but shot, K-Mart was desolate. The company sold off strong brands like Craftsman
- CNBC Videos•22 hours ago
IRS to block, suspend tax returns that lack Obamacare dis...
The IRS said it will not accept electronic tax returns, and will suspend paper returns, that do not disclose whether the filer had health insurance coverage during the year.
- barrons.com•20 hours ago
Costco: 5 Reasons to Load Up
Costco (COST) is higher Friday, helped in part by a bullish note from Oppenheimer. Analyst Brian Nagel and David Bellinger reiterated an Outperform rating and $185 price target on Costco, following a meeting with a senior management yesterday at the company's Washington headquarters. Nagel and Bellinger had five main takeaways from the meetings, which reinforced their bullish thesis on the shares and make them think that worries about the threats of ecommerce are overblown. From the note: 1) Management indicates clearly that the company is pleased with results lately and views strengthening sales as a function of a culmination of factors, including new merchandising initiatives and price investments;
- CNBC•17 hours ago
A top Microsoft HR exec says you should apply to jobs in these 2 industries
Companies like Microsoft (MSFT) are working hard to secure top talent for new roles . Cloud computing and artificial intelligence, says Chuck Edward, Microsoft's head of global talent acquisition, in an interview with CNBC Make It . You can work in consultative sales, data science and analytics to help customers or nab a job marketing cloud computing, he explains.
Business Insider•2 days agoWall Street banks are starting to sound the alarm on a stock-market correction
Bank of America Merrill Lynch is the latest Wall Street firm to issue a warning about a stock-market correction. BAML joins Morgan Stanley in the ranks of big firms that have sounded the alarm this week. The most recent firm to sound the alarm is Bank of America Merrill Lynch, which forecasts a pullback of at least 10% — the historical definition of a correction — by Valentine's Day.
- Zacks•21 hours ago
FuelCell Energy to Supply 7.4MW Clean Power to U.S. Navy
FuelCell Energy Inc. FCEL announced that it has entered into a power purchase agreement with the Connecticut Municipal Electric Energy Cooperative for the long-term supply of power to the U.S. Navy Submarine Base in Groton, CT.This power project will
Reuters•16 hours agoTop oilfield services firms signal fourth-quarter uncertainty
By Nivedita Bhattacharjee and Yashaswini Swamynathan (Reuters) - The world's top two oilfield service firms on Friday warned slower producer spending and weakness in offshore exploration may weigh on current-quarter earnings, but said activity could improve
Associated Press•2 days agoTrump's health subsidy shutdown could lead to free insurance
If President Donald Trump prevails in shutting down a major "Obamacare" health insurance subsidy, it would have the unintended consequence of making free basic coverage available to more people, and making upper-tier plans more affordable. The unexpected assessment comes from consultants, policy experts, and state officials, who are trying to discern the potential fallout from a Washington health care debate that's becoming even more complicated and volatile. It's because another subsidy that's part of the health law would go up for people with low-to-moderate incomes, offsetting Trump's move.
- Zacks•21 hours ago
Charter Communications to Enter Wireless Market in 2018
Charter Communications Inc. CHTR recently announced that the company will foray into the wireless market in 2018. Notably, the company has an agreement with U.S. telecom behemoth Verizon Communications Inc. VZ to operate as an MVNO (mobile virtual network
The Street•yesterdayIt's Time for a New Broom to Sweep Clean General Electric, Jim Cramer Says
It's time for change at General Electric (GE) , according to TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer. "GE, right now, reflects a 15 cent cut in the quarterly dividend," Cramer said, referring to investors' fears that GE may reduce its dividend in an effort to turnaround the company. Earlier this month, GE announced the departures of a host of executives, including its chief financial officer and vice chairman. Activist investor Ed Garden of Trian Partners was added to the company's board this month. The company reports quarterly earnings on Friday. GE is the worst performing Dow stock so far this year, with shares down 26.6%, compared to the S&P 500's 14.2% gain.
- barrons.com•20 hours ago
Tesla: A $170 Stock?
Tesla (TSLA) is falling Friday, hurt in part by a skeptical Cowen & Co. Analyst Jeffrey Osboure and his team reiterated an Underperform rating and $170 price target on the stock today, writing that even the "true long believers" will lose patience with the bottlenecks in the Model 3 ramp by 2018, which are compounded by the company's capital needs. Indeed, Osbourne thinks that Tesla will run through even more cash as its new Gigafactories are announced in the coming months in Europe and China, exacerbating the issue. Ultimately, he warns that he has "more questions than answers" as the Model 3 rollout continues, and that Tesla's "vagueness," along with a lack of disclosure from management about
- Bloomberg•2 days ago
Buckle Up Stock Investors It's Gonna Be a Bumpy Ride, BofA Warns
Strategists at Bank of America Merrill Lynch warned in a note late Wednesday that a hiccup in corporate profits would be enough to push the S&P 500 Index down by more than 10 percent before Valentine’s Day, although they remain bullish on equities over the longer-term.
- WSJ•20 hours ago
Why Retirees Should at Least Consider a Financial Adviser
Even those who think they have their retirement planning in hand can use someone to keep them from making a costly mistake.
- CNBC Videos•2 days ago
China's central bank just warned of a sudden collapse in ...
China's central bank has said it should prevent accumulation of risk from excessive optimism.
Reuters•23 hours agoChina Southern to buy 38 Boeing jets worth $5.65 billion
China Southern Airlines has signed a deal to buy 38 aircraft from U.S. planemaker Boeing Co with a combined price tag of $5.65 billion, the Chinese carrier said on Friday. China's largest airline by passenger numbers has agreed to buy 8 B777-300ER wide body jets and 30 B737-8 narrow bodies, the Chinese firm said in a stock exchange filing. The planes will be delivered between 2019 and 2020 and will be funded through China Southern's own funds and loans from commercial banks, the company said.
- Zacks•22 hours ago
Finisar Corporation (FNSR) Surges: Stock Moves 5.6% Higher
Finisar Corporation FNSR was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company
- Zacks•21 hours ago
Corning's (GLW) Q3 Earnings to Gain From Strong Fiber Demand
Corning Inc GLW is set to release third-quarter 2017 results on Oct 24. Notably, the Gorilla Glass maker has a positive record of earnings surprises in each of the trailing four quarters, with an average surprise of 10.15%. In the last quarter, Corning delivered a positive earnings surprise of 5%.
- CNBC.com•16 hours ago
The IRS increased 401k contribution limits by $500—here's what that means for you
On Thursday, the IRS announced that 401(k) contribution limits will increase by $500. In 2018, employees who participate in the employer sponsored plan will be able to contribute as much as $18,500 per year, up from $18,000. Contribution limits were last increased in 2015 when they went from $17,500 to $18,000. Doesn't sound like a big deal? It is. That extra $500 could help you more than you may think. As personal finance site NerdWallet points out, it could mean up to $70,000 more in your retirement account. The definitive guide to retirement savings plans 10:50 AM ET Wed, 9 Aug 2017 | 01:51 The site calculated how much bigger your retirement fund would get if you started investing an additional
- Zacks•16 hours ago
Schlumberger (SLB) Posts In-Line Q3 Earnings, Revenues Miss
Oilfield service giant Schlumberger Limited’s SLB third-quarter 2017 earnings of 42 cents per share (excluding charges and credits) were in line with the Zacks Consensus Estimate. The bottom line improved from the year-earlier adjusted figure of 25 cents
Reuters•18 hours agoGillette weakens P&G report after Peltz row
Procter & Gamble Co disappointed Wall Street with sales on Friday, hurt by continuing weakness in its Gillette business, a week after it claimed to have fought off hedge-fund manager Nelson Peltz's move to muscle onto the board. P&G, which spent millions battling Peltz's charges of bureaucratic and ineffective management, reported higher sales of beauty and home care products. Net sales in the firm's first quarter results rose just 1 percent to $16.65 billion, missing analysts' expectations of $16.69 billion and driving shares 3.5 percent lower in afternoon trading in New York.
- Zacks•18 hours ago
What's in Store for Realty Income (O) This Earnings Season?
Realty Income Corp. O is scheduled to report third-quarter 2017 results after the market closes on Oct 25. Last quarter, this monthly dividend paying real estate investment trust (REIT) delivered an in-line performance, in terms of funds from operations (FFO) per share. The Zacks Consensus Estimate for third-quarter FFO per share is currently pegged at 76 cents.
- The Street•19 hours ago
WATCH: Jim Cramer on Honeywell vs. General Electric
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer was pleased with Honeywell's (HON) results. "When Honeywell was bad, they told you it was bad," Cramer said. "When Honeywell was good, they told you it was good. That was the ethos of the company - you never got that at General Electric (GE) - it was always great at GE."
