In 2018, it pays to be on Jack Dorsey’s side. Square Inc. and Twitter Inc., which both count the tech titan as chief executive officer, are on the brink of boasting 100 percent gains this year. Square rose as much as 4.6 percent to $68.97 on Wednesday while Twitter gained more than 4 percent to $46.92.
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.
To understand why, look at what happened to IBM (IBM) in 1939, when it was kicked out of the Dow. Norman Fosback, the erstwhile head of the Institute for Economic Research, reported in his investment textbook “Stock Market Logic” that “the DJIA would today be more than twice its currently quoted level” had IBM not been kept out of the Average for those four decades — meaning the Dow currently would be at around 50,000. One measure of this comes from an analysis of the two dozen stocks that have been added or deleted from the Dow since 2000.
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.
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.
The head of Boeing jetliner sales said on Wednesday he was confident a new mid-market jet could enter service in 2025 if Boeing took the decision to launch the new plane but stressed the U.S. planemaker would not be rushed into a decision. Ihssane Mounir, senior vice-president for commercial sales and marketing at Boeing, told French journalists Boeing would "protect" the targeted 2025 date for entry to service, which some analysts see as ideal for planned replacement cycles. Mounir, who has led Boeing sales since Oct 2016, said "conservative" estimates showed global demand for 4,000 to 5,000 middle-of-the market jets over a 20-year period.
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.
Chief Operations and Technology Officer Cathy Bessant is helping bank workers adapt as the company adopts more AI.ATMs replaced many tellers - what’s next? Bank of America(BAC) doesn’t want employees to worry that its new virtual assistant, Erica, will change or eliminate their jobs. Erica made its debut this year as one of Bank of America’s highest-profile efforts to use artificial intelligence.
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
Semiconductor giant Micron Technology, Inc. ( MU) has had a volatile ride so far in 2018. Analysts expect Micron to post earnings per share of $3.10 to $3.16 when the company reports earnings results after the closing bell on Wednesday, June 20. A "golden cross" occurs when the 50-day simple moving average rises above the 200-day simple moving and indicates that higher prices lie ahead, and this has been a positive for investors in Micron.
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.
Wednesday, June 20, 2018The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Schlumberger (SLB), Walgreens Boots (WBA) and BNY Mellon (BK). These
Jun.20 -- Xiaomi Corp. is said to have set tentative terms for a Hong Kong IPO of up to $6.1 billion, as Qualcomm and China Mobile show an interest in investing in the offering. Bloomberg's Edward Chan reports on "Bloomberg Surveillance."
Automakers are in a pickle. If they don’t invest in electric cars and self-driving technology, investors shun them. If they do, they risk burning billions of dollars on cars that won’t make money, according to a new study from consulting firm AlixPartners.
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.
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.
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.
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,
Roku stock came out of the gate under $20 per share and didn’t do much at first. Previously, Best Buy used Roku’s operating system for in-house TVs. From a low of $30 in early April, ROKU stock is back up to $43.
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.
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.
U.S. equities put together a modest rebound on Wednesday, given that no new trade war news emerged. But that didn’t mean there weren’t movers. In that respect, let’s see what top stock trades we were able to sniff out for Thursday. Top Stock Trades for