- Bloomberg•1 hour ago
Netflix, Lam Research Deliver Just What FAANGs and Semis Needed
Netflix Inc. blew away estimates with a fourth-quarter subscriber forecast that exceeded all five of the estimates compiled by Bloomberg News. As Netflix soared as much as 17 percent in extended trading, Amazon.com Inc., Facebook Inc., Apple Inc. and Google parent Alphabet Inc. also gained.
- InvestorPlace•yesterday
7 Stocks to Buy and Hold Through Any Market Selloff
Last week’s market collapse made headlines throughout the world. Since the sharp correction has negatively impacted virtually all investment sectors, you’re going to find discounted deals everywhere you look.
Business Insider•2 hours agoSears soars 36% — one day after filing for bankruptcy (SHLD)
The retailer received approval on Tuesday to access a $300 million loan to keep it afloat during bankruptcy. Sears Holdings soared as much as 124% — one day after filing for bankruptcy — as the embattled retailer received approval to access a $300 million loan to keep it afloat during bankruptcy.
Business Insider•6 hours agoSaudi Arabia using the 'oil weapon option' could cause prices to soar to $150
Analysts see a 1973-style embargo as unlikely, but warn oil prices could hit triple-digits if tensions escalate. "We believe that Saudi leadership would be extremely reluctant to exercise the oil weapon option, as its reputation as the world’s stable, reliable oil central banker would be severely undercut," RBC analysts wrote in a research note.
- Yahoo Finance•11 hours ago
Walmart is aggressively shifting away from its most legendary shopping format
Walmart (WMT) continues to kill off the American shopping creation it’s most known for, the massive supercenter that sells everything under one roof. With the U.S. market already having more than 3,500 Walmart supercenters and a focus by CEO Doug McMillon to increase spending on eCommerce and India, Walmart said Tuesday it will open a mere 10 supercenters in 2019. The company has reduced emphasis on the store format pioneered by founder Sam Walton – which could average a gargantuan 178,000 square feet – in recent years.
- MarketWatch•yesterday
These are the bad things about early retirement that no one talks about
For all the glamour of living an early retirement lifestyle, there are plenty of negatives I’ve come to discover since I permanently left my job in 2012. As a result, you’re repeatedly forced to will yourself into action.
- MarketWatch•1 hour ago
What could hurt marijuana stocks? Too much love from investors
There is excitement about marijuana becoming legal in Canada. Many investors are eager, but astute investors are careful. The reason astute investors are careful is because they know from experience that many will make millions in marijuana stocks but many more will go bust.
Business Insider•7 hours agoA Google self-driving car reportedly caused a crash in 2011 after a former engineer changed its code to drive where it wasn't supposed to (GOOG, GOOGL)
Before Anthony Levandowski was accused of stealing trade secrets from Google sister company Waymo, he worked on Google's in-house self-driving car unit, nicknamed Project Chauffeur. Former Google executives claimed that Levandowski ignored safety concerns, including in one instance where he allegedly took a self-driving car on an off-limits route.
- CNBC•6 hours ago
Disney vs Netflix: Here's which stock would have made you richer if you invested $1,000 10 years ago
On October 16, 1923, Walt and Roy Disney founded The Walt Disney Company and, nearly a century later, the company is one of the largest and most successful media conglomerates in the world. The answer is Netflix. According to CNBC calculations, a $1,000 investment in Netflix in October 2008 would be worth more than $97,560 as of after the earning bell on Monday, or more than 96 times as much, including price appreciation and dividends reinvested.
- CNBC Videos•yesterday
This sell-off is just beginning and is going to get worse...
Morgan Stanley's Mike Wilson on why the market is going to get worse from here. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Guy Adami.
- Yahoo Finance•10 hours ago
Remembering Microsoft co-founder Paul Allen, dead at 65
Yahoo Finance’s Alexis Christoforous, Editor-in-chief Andy Serwer, Sibile Marcellus, Jared Blikre, Julia La Roche, Scott Gamm, Brian Sozzi and Heidi Chung discuss today’s top stories. Today’s topics include: Roger McNamee reflects on the death of Paul
- Associated Press•2 hours ago
UnitedHealth, Johnson & Johnson and Morgan Stanley jump
NEW YORK (AP) -- Stocks that moved substantially or traded heavily on Tuesday: Johnson & Johnson, up $2.61 to $136.56 The health care products company reported higher sales of prescription drugs.
- Bloomberg•3 hours ago
Tilray CEO Sees Another Country Legalizing Pot in the Next Year
“I think we’ll see country three in the next 12 months, and that country will base their regulatory framework on the framework here in Canada,” Brendan Kennedy, chief executive officer of Tilray Inc. said in a phone interview Tuesday. Canada becomes just the second country in the world to allow adult-use cannabis on Wednesday. Canada’s move has spurred the growth of a global industry focused on medical and recreational use that could be worth as much as $150 billion, according to estimates from Roth Capital Partners.
- Yahoo Finance•2 hours ago
Netflix user growth beats expectations, shares spike
Netflix (NFLX) reported user growth that exceeded Wall Street expectations, underscoring a recovery for the online streamer following a rare miss in new user additions last quarter. The company issued guidance that it would add 9.4 million new members in the fourth quarter of 2018. Netflix’s stock rose 13% in late trading Tuesday.
- Barrons.com•8 hours ago
American Airlines Stock Has Gotten Clobbered. History Says It’s Time to Buy
“Catching the falling knife” is supposed to be a stock market no-no. Momentum investors prefer to leave free-falling issues alone until they show signs of stabilizing, lest they keep right on falling. American Airlines stock closed up 2.8% on Monday, to $31.78. J.P. Morgan airline analyst Jamie Baker has made a study of what he calls the “down 30 in 30” trade: buying shares of airlines whose stocks fall 30% within 30 days.
- CNBC•yesterday
Morgan Stanley: The stock sell-off is going to get worse
The stock market is in the middle of a rolling bear market, says Morgan Stanley's Mike Wilson. "It's being caused by a drain in liquidity and peaking growth," Wilson says. The stock market sell-off is only going to get worse, predicts Morgan Stanley's chief U.S. equity strategist, Mike Wilson.
- CNBC Videos•5 hours ago
Former Sears CEO comments on company's bankruptcy filing
CNBC's Courtney Reagan reports that Sears former CEO Eddie Lampert said he takes "responsibility for our mistakes."
- CNBC•7 hours ago
Walmart saves $200 million by changing its light bulbs and $20 million with a new floor wax
Walmart says switching to LED lights in its parking lots cut its annual energy costs by $200 million. A change in the floor wax it uses cut costs by $20 million a year because the floors need to be buffed less often. It's exactly what Walmart WMT is doing.
- Bloomberg•2 days ago
As Cannabis D-Day Approaches, Winners and Losers Set to Emerge
After Canada legalizes recreational marijuana on Oct. 17, it will only take a quarter or two for clear winners and losers to emerge, according to investors and analysts who follow the sector. “These have all been concept stocks and they’re going to actually have to be real companies in another few months, which I think a lot of guys are terrified about,” said Greg Taylor, who manages the Purpose Marijuana Opportunities Fund. Taylor prefers CannTrust Holdings Inc., Hexo Corp. and Organigram Holdings Inc., which he says trade at a “more realistic valuation” than some of their bigger peers.
Business Insider•yesterdayAfter years of wasting time in meetings, 3 former Googlers decided to do things differently at their new startup
The executives of the startup Beeswax, all former Google execs, say they've learned how to keep meetings streamlined and efficient. The three founders of the ad-tech startup Beeswax seem to get that. "We're all thoughtful about not having a proliferation of meetings, because one thing we all felt in our previous careers is that there can be lots of redundant meetings," Shamim Samadi, Beeswax's chief product officer, told Business Insider.
Reuters•2 hours agoWall St. rallies over 2 percent with earnings, data boost
U.S. stocks surged more than 2 percent on Tuesday after upbeat earnings reports from major companies including UnitedHealth and Goldman Sachs and solid economic data, as equities rebounded from a recent sharp sell-off. Wall Street's three major indexes tallied their biggest one-day percentage gains since March. Technology, which sold off heavily in the recent pullback, led the gains as all 11 major sectors were positive.
Reuters•yesterdayMany U.S. mall owners say good riddance to Sears
The real estate investment trusts that own the malls and shopping centers where many Sears stores are anchor tenants have waited years for the retailer's demise to renovate the sites and boost rent, although redevelopment costs may strain some plans. Most large U.S. malls are controlled by REITs. In recent years, the REITs have cut their exposure to Sears Holdings Corp, which filed for Chapter 11 bankruptcy on Monday.
- InvestorPlace•yesterday
5 Marijuana Stocks to Watch
To be honest, I’m not entirely thrilled about investing in marijuana stocks at the moment. Movement toward legalization at the state level in the United States and at the national level in Canada has sent a number of pot stocks soaring. But not all marijuana
- MarketWatch•6 hours ago
Marijuana stocks to watch: Canopy Growth is the cannabis business’s $4 billion gorilla
The following article is part of a package of stories that MarketWatch is publishing to mark the start of full legalization of cannabis for adult use in Canada on Wednesday. Smith Falls, Ontario–based Canopy Growth Corp. made headlines and drove cannabis stocks to new heights over the summer when it announced that Corona brewer Constellation Brands Inc. was going to invest an additional $4 billion in the company. Billed by both companies as a strategic partnership, the additional $4 billion investment adds to the 9.9% stake that Constellation bought in October of last year and sets the company up to either be bought outright by Constellation — via warrants that could increase its stake to more than 50% — or continue to work with the beverage company to create a range of consumer-focused cannabis products that may one day appear in markets in dozens of countries.
- Yahoo Finance•2 hours ago
Why Sears bankruptcy will be bad for J.C. Penney
Struggling J.C. Penney (JCP) best brace for an avalanche that has been set in motion by the death of longtime foe Sears. Sears, which filed for bankruptcy protection on Monday, will soon begin liquidation sales at 142 locations as a means to raise cash
