Walmart’s (WMT) third-quarter earnings crushed expectations. And a key area of growth for the company was its food business, which had its strongest quarter in almost six years. CEO Doug McMillan said the company’s fresh meat, bakery and produce segments
It commonly happens in stock investing that investors miss the chance of buying winning stocks that they knew would stand out. One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is ConocoPhillips COP. This year’s expected earnings growth over the prior year is 120.4%, which should ultimately translate into price appreciation.
General Electric (GE) shares have recently been through the wringer, but Jim Cramer says they could be close to bottoming out. "I interviewed CEO John Flannery [Tuesday] on Squawk on the Street and I have to tell you, I think that in the end, this company -- which could earn $1.06 in 2018 -- is close to a bottom," Cramer said during a private conference call with members of his Action Alerts PLUS club for investors. Cramer said he thinks that GE shares, which fell 2 cents to $18.25 Thursday, could bottom out at $17. It's been a rough year for GE, with it shares plunging some 42.5% so far this year vs. the S&P 500's 15.5% gain. Flannery took over in August from longtime CEO Jeffrey Immelt, who
Cisco reported a top-line beat in its first-quarter earnings results. For the first time in the last eight quarters, the company said it expects to increase revenue next quarter. Cisco hit an all-time high of $36.69 on Thursday after saying it expects to break its eight-quarter long decline in revenue next quarter.
Investors in Advanced Micro Devices, Inc. AMD 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.
The debate over overhauling the tax code shows that while workplace retirement savings plans are widely popular, they aren’t untouchable. Republicans who control the U.S. Congress have floated proposed changes to 401(k) plans as part of their plan to cut taxes for individuals and corporations. 1. What do 401(k)s have to do with cutting taxes?
Siemens (SIEGn.DE) will cut about 6,900 jobs, or close to 2 percent of its global workforce, mainly at its power and gas division, which has been hit by the rapid growth of renewables. Most of the cuts, about 6,100, will be made before 2020 at Siemens's Power and Gas division, which once thrived on supplying large gas turbines for electricity generation but has been overtaken by the global surge in solar and wind capacity. "The power generation industry is experiencing disruption of unprecedented scope and speed," Siemens management board member Lisa Davis said.
Tesla Inc. shares and bonds rose Friday, a day after the Silicon Valley car maker unveiled its promised electric commercial truck and surprised observers by showing off a new version of the Roadster, the costly sports car that kicked off its electric-vehicle production. Wall Street heaped praise upon Tesla TSLA, +1.09% for its one-two punch, which opens up two markets, commercial trucking and ultra-luxury passenger cars, and as the specs for the truck, especially its range, surpassed analyst expectations. The star of the late Thursday show was revealed to be a big-rig with a 500-mile range with some autonomous driving capabilities and a relatively short recharging time. Most analysts were expecting
Amazon CEO Jeff Bezos knows what it takes to build a business worth billions and he has his grandfather to thank for part of his success.
Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways. Bad executives can run their companies into the ground. Look no further than General Electric (GE) and Sears Holdings (SHLD) for proof of that. But great CEOs, like Miles White of Abbott Labs (ABT) , can turn a company into a powerhouse. White took the helm at Abbott in 1999 and during his 19-year tenure has delivered a 623% gain, taking into account the company's many spinoffs. That turned a $1,000 investment in 1999 into $7,230 today. How was White able to accomplish this feat? Cramer explained that White has a remarkable talent for anticipating what people's medical needs will be, then aggressively positioning
Swiss bank Vontobel said it will start trading Switzerland's first two mini futures to short bitcoin on Friday, giving investors a tool to bet against the value of the volatile cryptocurrency or to hedge bitcoin positions. The launch of the two mini futures on the Swiss stock exchange by the country's second-biggest provider of structured products comes after CME Group Inc, the world's largest derivatives exchange operator, said it will launch a futures contract for bitcoin later this year. When the value of bitcoin falls by 10 percent, the value of the more conservative of the two mini futures rises by almost 6 percent while the other gains almost 10 percent, according to the termsheets Vontobel published on Thursday.
Investors pulled about $6.8 billion from high-yield bond funds last week, the third-biggest outflow on record, as investor jitters about the sustainability of yields at multi-year lows caused a selloff in risk assets.Emerging-market bond funds lost $
The euro zone economy will mark its best year in a decade and maintain solid growth well into 2018, according to economists in a Reuters poll who said the risk was that their forecasts might not be optimistic enough. Inflation, last clocked at 1.4 percent, is expected to stay below the European Central Bank's target of just under 2 percent until at least the second half of 2019, according to the poll of over 80 economists taken Nov. 13-16. Euro zone economic growth has been surprisingly robust this year, outpacing both the United States and Britain simultaneously for the first time since the 2007-08 financial crisis, and also one of the most synchronous upturns across the euro zone economies.
AstraZeneca, plc AZN announced that the FDA has granted approval to a new indication for its breast cancer drug, Faslodex. The label of Faslodex will now be expanded to include combination use with Eli Lilly’s LLY new CDK4/6 inhibitor Verzenio/abemaciclib to treat women with HR+, HER2- advanced or metastatic breast cancer whose disease has progressed after endocrine therapy. The FDA approval was based on the MONARCH 2 study data, which showed that Faslodex+Verzeniosignificantly improved progression-free survival (16.4 months) compared to Faslodex+ placebo.
Cisco Systems CEO Chuck Robbins talks about the company's quarterly results and it plans to "fundamentally reinvent the networking industry" for its customers while increasing security.
Jim Cramer holds Nvidia (NVDA) in his charitable trust, but has cut the stock's rating because of the company's recent run-up. "Because of the speed of the last move from the $170s to the $200s, we downgraded [Nvidia] from a '1' to a '2,'" Cramer said during his latest conference call with members of his Action Alerts PLUS club for investors. "Our discipline is to keep you from buying high -- and post-earnings, this stock last time got pummeled. We didn't want to get you into that maelstrom again." Cramer said Nvidia typically has a post-earnings swoon before settling in at a new higher level, a process that repeated itself following NVDA's latest release last week. Despite what Cramer called
It started with a deal that never was and ended with the mother of all air show announcements - this week's Dubai Airshow saw little in the way of firm new business, but reminded observers the rivalry between two global giants is as fierce as ever. As stragglers placed a handful of orders, delegates said the show would be remembered for the collapse of an anticipated Airbus deal to sell A380 superjumbos to Emirates and hunger for smaller jets including a record deal for 430 Airbus A320s. A Boeing 787 deal with Emirates also shook up the battle for widebody orders.
The Senate's latest tax plan would lavish billions of dollars in tax cuts on the wealthiest Americans but leave those at the bottom of the income ladder with higher taxes. Under the Senate plan, all income groups would get big tax cuts early in the coming decade, according to the committee's estimates. The increases are due in part to the phaseout of the tax cuts for individuals beginning in 2025.
Earlier this week, House Republicans laid the foundation for a vote on Thursday which may be decisive for the prospects of the new tax Bill. Meanwhile, late on Wednesday, the legislation’s proponents in the Senate released a version which would do away with a crucial element of the Affordable Care Act (ACA). This is why investing in hospital stocks continues to be a lucrative proposition.
The House of Representatives took important steps on Thursday toward the biggest U.S. tax-code overhaul since the 1980s, approving a broad package of cuts, while a Senate panel advanced its own version of the legislation. "The market is still kind of nervous with respect to the tax bill moving to the next stage," said Massud Ghaussy, director at Nasdaq Advisory Services. At 12:30 p.m. ET (1630 GMT), the Dow Jones Industrial Average was down 81.71 points, or 0.35 percent, at 23,376.65, the S&P 500 was down 2.57 points, or 0.10 percent, at 2,583.07 and the Nasdaq Composite was up 3.08 points, or 0.05 percent, at 6,796.37.
The equity markets bounced back yesterday as the House of Representatives passed a historic tax bill, inching closer to a legislative tax overhaul centered on President Trump’s electoral promise. As investors employ a wait-and-see approach in a classic example of “backing and filling” in the market, they could benefit from ‘cash cow’ stocks that garner higher returns. A high ROE ensures that the company is reinvesting its cash at a high rate of return.
If you're a regular here, you know I've been confused about the phenomenon of not-really-tech startups achieving tech-like valuations. I asked for some help recently from Dayna Grayson, a partner at NEA, a venture-capital firm that backs some not-really-tech consumer startups including mattress seller Casper Sleep Inc. and anti-brand online grocer Brandless Inc. She agreed it's tough to succeed with traditional retail business models. If a startup buys jeans or blenders at wholesale prices and sells them at a markup, it can be hard to make anywhere close to tech-like profit margins or venture-like investment returns. But her take, which I found persuasive, was a consumer startup can succeed by
After a three-day selloff, the markets reversed course on Thursday as the GOP tax plan cleared its first hurdle on its way to becoming law and strong earnings from some industry leaders pushed the broader markets higher. While stocks were on the rise and tax plans were gaining approval, one pillar of the current state of media came crashing down on Thursday. Owners of local television stations will be permitted to buy a local radio station or newspaper in the same market after the Federal Communications Commission on Thursday, Nov. 16, voted to lift the ban on cross-ownership that had stood since 1975. The agency, which has been fast eliminating restrictions long opposed by TV station owners,
Abercrombie and Fitch (ANF) tops our list. The teen retailer is also predicting a strong holiday sales season thanks to the growing popularity of its Hollister brand. General Motors (GM) shares are revved up this morning.
China's bike sharing bubble is showing signs of strain, after the country's third largest firm said it was going under. "We fought until the very last and I believe we can all leave with pride and our heads held high," Li Gang wrote, adding he had endured months of sleepless nights. China's bike sharing craze has been driven by huge investments, especially into the two market leaders Mobike and Ofo, which have raised billions of dollars from tech giants like Tencent Holdings and Alibaba Group Holding Ltd.