Business Insider•2 days agoEven the Americans sitting on piles of cash aren't using it correctly to build wealth
The average American is holding too much cash in savings, and it's keeping them from building wealth. You should instead invest your excess savings in the stock market for the best returns, NerdWallet's retirement and investing specialist Arielle O'Shea recommends. The easiest way to put your savings to work is through a 401(k), which invests your money in stocks through low-cost index funds or exchange-traded funds.
- MarketWatch•12 hours ago
When is the best time to convert my traditional IRA to a Roth?
Q.: I have about $57,000 in my traditional IRA and about $6,800 in a Roth IRA. The idea of converting while in low bracket year is sound but fear of the required minimum distributions (RMD) may not need to be a strong motivator. Yes, when RMDs begin they can kick you into a higher tax bracket, but not necessarily.
InvestorPlace•9 hours ago5 Top Stock Trades for Friday Morning
Shares of Alcoa plunge after reporting earnings, while Bank of America retests their prior breakout spot. Here are our top stock trades for Friday: Top Stock Trades for Tomorrow #1: AA Alcoa (NYSE:AA) beat on earnings and revenue expectations, but tariff
Business Insider•9 hours agoMicrosoft crushes earnings and reports $110 billion in annual revenue, stock jumps 4% on strong guidance (MSFT)
After initially moving not much at all, Microsoft stock jumped over 4% in after-hours trading. Notably, this marks the end of Microsoft's 2018 fiscal year. For the quarter, Microsoft showed strong growth in all three of its major reporting areas — especially in cloud computing, where Wall Street most wants to see growth.
- TheStreet.com•yesterday
3 'Strong Buy' Healthcare Stocks Poised to Surge
Bring on healthcare earnings season. Ahead of earnings season for the group, we have selected three healthcare stocks beating the market in 2018. Using TipRanks' Stock Screener tool, we quickly discovered the best-rated stocks, filtering by "best analyst consensus" stocks in the healthcare sector.
- CNBC•9 hours ago
Skechers drops more than 20% after earnings miss
Earnings per share of 29 cents fell well short of the 41 cents a share expected by analysts for the second quarter. The company expects third-quarter EPS of 50 cents to 55 cents a share, which is short of the 67 cents expected by analysts. Shares of footwear maker Skechers SKX tumbled more than 20 percent in aftermarket trading on Thursday after the company reported disappointing quarterly results and forecast a weak outlook for the third quarter.
- InvestorPlace•9 hours ago
Don’t Let Debt Scare You From the AT&T Dividend Yield
Colloquially known as the dividend king, AT&T (NYSE:T) has more than earned that title thanks to 34 years of annual dividend raises. Through multiple boom-bust cycles, an unprecedented global banking crisis, and several military conflicts, the AT&T dividend yield has stayed true. With the telecom giant’s much-covered acquisition of Time Warner, several investors have questioned the viability of the AT&T dividend yield.
- Business Insider•19 hours ago
The most costly mistakes investors of every size make, according to Bank of America’s $2 trillion wealth-management chief
Getty Images / Eduardo Munoz Alvarez Irregular investing, waiting for an all-clear sign, and overconfidence are three of the biggest mistakes investors make. That's according to Chris Hyzy, the chief investment officer of Bank of America Global Wealth
- Zacks•9 hours ago
What TSM's Earnings Told Us About Nvidia's (NVDA) Next-Gen Graphics Cards
The EPS metric beat our Zacks Consensus Estimate by two cents and rose 9.1% year-over-year, while revenues fell in line with expectations and grew 11.2%. “Moving into third quarter 2018, we anticipate our business will benefit from new product launches using TSMC 7-nanometer technology while cryptocurrency mining demand will decrease from second quarter,” senior executive Lora Ho commented in the company’s earnings release. TSM’s strong report gives us a pretty solid overview of the semiconductor industry because it is the largest contract chipmaker in the world.
- InvestorPlace•15 hours ago
4 Artificial Intelligence Stocks to Watch
Perhaps the hottest buzz word in the stock market right now is “AI”, or artificial intelligence. Because of this, everyone wants to own as many artificial intelligence stocks as possible. Here’s a list of four of my favorite artificial intelligence stocks which all investors should have on their radar.
- Zacks•8 hours ago
General Electric (GE) Stock Flat Ahead of Earnings: What To Expect
Shares of General Electric GE lost 0.2% during regular hours Thursday, the last day of trading before the company releases its latest quarterly earnings report. The Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change.
Associated Press•2 days agoTesla Model 3 buyers lose patience and maybe tax credits
In March of 2016, Keith Reynolds flew from California to Atlanta so he could claim his spot in line at 4 a.m., and get a three-hour head start on his West Coast competitors. Tesla was taking $1,000 deposits for its new electric car, the Model 3, priced starting at $35,000. Reynolds is still waiting.
- Bloomberg•yesterday
MGM Resorts Suffers Backlash After Suing Shooting Victims
It took just minutes for the hashtag #BoycottMGMResorts to appear on Twitter, and for people to declare they would no longer patronize the largest casino owner on the Las Vegas Strip. “Was going to stay in November already changed my reservations,” a man named Brandon Tur wrote on Twitter. The reaction to MGM Resorts International’s lawsuits against victims of the worst mass shooting in U.S. history was harsh, and probably not surprising.
InvestorPlace•15 hours ago5 Hot Stocks Today (That Could Crash Tomorrow)
Let’s admit it. We’re all fascinated by the stock market’s hot stocks, aren’t we? That doesn’t mean we’re adrenaline junkies hopping from bandwagon to bandwagon. But it can be mesmerizing to see a stock double, triple or quadruple in a short period of
- Bloomberg•20 hours ago
Best Buy Should Be Dead, But It’s Thriving in the Age of Amazon
In Best Buy’s perfect world, all 380 of its new “in-home advisors” would park their clean, white Priuses in front of a customer’s house rather than in the driveway, where the car could block others. After knocking gently on the front door, they would step back and stand to the right, smiling, head down slightly, arms uncrossed, name tag visible on their blue, wrinkle-free Best Buy polo shirts.
Reuters•11 hours agoTesla says Model 3 refunds not outpacing deposits
(Reuters) - Tesla Inc (TSLA.O) denied on Thursday that refunds of bookings of its Model 3 sedan were now outpacing reservations, responding to a report earlier in the day by a Wall Street brokerage citing channel checks on the electric carmaker.
- CNBC•2 days ago
Millennials want to retire by 61, but most have nothing saved
Millennials may have only a little saved for retirement, but they still want to retire early. A recent Bankrate.com survey asked millennials, classified as Americans ages 18 to 37, what the perfect time to retire would be. Of those millennials already saving, the median retirement account balance is about $19,100.
- InvestorPlace•yesterday
When It Comes to General Electric Stock, Patience Will Be Rewarded
Much-maligned General Electric (NYSE:GE) stock is the most heavily traded stock in the market. According to Bloomberg, the average trading volume on GE stock in 2018 is a whopping 80 million shares a day. The spike in trading volume is mostly due to the fact that GE stock is a near-$10 stock (low price) that is widely covered and followed by the media, analysts and investors (lots of catalysts).
- TheStreet.com•11 hours ago
3 Things to Watch in General Electric's Earnings
will announce earnings before the bell on Friday, July 20, and the Boston-based industrial conglomerate is expected to report earnings of 18 cents a share on revenue of $29.4 billion, according to analysts surveyed by FactSet. GE will spin off the healthcare unit over the next 12 to 18 months, and sell its Baker Hughes stake over two to three years. GE "may trim the upper end of its $1 to $1.07 2018 earnings guidance, with consensus expecting only 94 cents," said Bloomberg Intelligence senior industry analyst Karen Ubelhart.
- MarketWatch•14 hours ago
Tilray’s IPO is creating a buzz, but don’t overspend on marijuana stocks
Money is to be made in marijuana stocks in the long run. Canada’s Tilray (TLRY) has become the first cannabis company to conduct a U.S. IPO. There may be sympathy plays in other cannabis stocks for a short-term trade.
Reuters•11 hours agoAlcoa shares fall as tariffs, energy costs weigh on forecast
Alcoa which was also hit by rising oil and gas prices in the quarter, said it expects a negative monthly impact between $12 million and $14 million as long as the tariffs on imported aluminum are in place. Credit Suisse analyst Curt Woodworth said in a note that it was surprising Alcoa has not filed an exclusion request as it is currently seeing annualized headwinds of $150 million and imports about 600,000 tons of aluminum from Canada. Alcoa, the largest aluminum producer in the United States, has also been hurt by falling prices.
- TheStreet.com•10 hours ago
4 Key Takeaways for Apple, Nvidia and Others From TSMC's Earnings Report
TSMC, the world's top chip contract manufacturer (foundry), reported Q2 revenue of $7.85 billion (up 11% annually) and EPS of $0.47. Revenue was for all intents already known thanks to monthly sales reports, and EPS beat consensus by a penny. As noted a couple weeks ago while making a bull case for TSMC, shares had already priced in investor concerns about slowing smartphone demand.
Reuters•6 hours agoMicrosoft beats Wall Street targets on cloud services revenue
The company's flagship Azure cloud product recorded revenue growth of 89 percent in the fourth quarter ended June 30. Much of Microsoft's recent growth has been fuelled by its cloud computing business, which has benefited from companies rushing to shift their workloads to the cloud to cut data storage and software costs. Microsoft shares have risen 180 percent since Satya Nadella took over as chief executive in 2014, refocusing the company on cloud computing rather than PC software.
- TheStreet.com•9 hours ago
Microsoft Climbs After-Hours on Earnings Beat; Guidance to Be Announced on Call
shares were rising after-hours following the release of its fourth-quarter results. TheStreet is live blogging Microsoft's earnings report and call. Microsoft was expected to increase revenue 18% to $29.21 billion, yielding earnings of $1.08 per share on a non-GAAP basis.
- Bloomberg•yesterday
Steve Ballmer on Keeping Microsoft Stock: 'I'm a Loyal Dude'
Former Microsoft CEO Steve Ballmer, the company's largest shareholder, says he has held his stock because "I'm a loyal dude." He spoke in the new episode of "The David Rubenstein Show: Peer-to-Peer Conversations," taped
