• Bloomberg51 minutes ago

    Tesla Bull Has ‘Dream’ Tim Cook Will Help Elon Musk Run Company

    Ross Gerber, the chief executive officer of fund manager Gerber Kawasaki Inc. and one of the most outspoken bullish investors in Tesla Inc., told Bloomberg Television on Monday there’s “no doubt” that the electric-car maker needs a skilled operator to swoop in and help Elon Musk. When asked who he’d want, Gerber responded with a doozy of an idea: Apple Inc. CEO Tim Cook. “That logistical expertise is exactly what he did for Steve Jobs,” Gerber said of Cook, who was COO and interim CEO of Apple before succeeding the late co-founder when he died in 2011.

  • Barrons.com2 hours ago

    Ford's Big Bet Could Lead to Even Bigger Stock Gains

    Shares of Ford Motor (F) have had a difficult year, falling more than 22% as a variety of headwinds buffet the automaker. The stock is trailing behind shares of both General Motors (GM) and Fiat Chrysler Automobiles (FCAU). Where we're headed: Ford needs to make a change.

  • CNBC5 hours ago

    Here's how much debt Americans have at every age

    Credit cards, student loans, mortgages, car loans, personal loans: Most Americans have a combination of these sources of debt. The average American now has about $38,000 in personal debt, excluding home mortgages. "Despite recognizing that debt is dangerous waters, Americans are jumping in with both feet and struggling to stay afloat," says Emily Holbrook, director of planning for Northwestern Mutual.

  • InvestorPlace4 hours ago

    Are WANG Stocks Really the New FANG?

    A few years back, CNBC personality and former hedge fund manager Jim Cramer coined the FANG acronym. Last week, he replaced it with WANG stocks. The FANG acronym was supposed to encapsulate the market’s four big growth tech stocks that represented the

  • Investopedia11 hours ago

    This is What Bill Gates's Portfolio Looks Like (BRK.B, MSFT)

    Bill Gates is the second richest man in the world (after Amazon's Jeff Bezos), with a net worth of over just under $95 billion as of August 17, 2018, according to Forbes. Gates has since retired from the day to day functioning of Microsoft and focuses his efforts on his philanthropic causes through the Bill & Melinda Gates Foundation. The Foundation has a substantial portfolio of investments.

  • Implied Volatility Surging for Frontier Communications (FTR) Stock Options
    Zacks8 hours ago

    Implied Volatility Surging for Frontier Communications (FTR) Stock Options

    Investors in Frontier Communications Corporation FTR 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.

  • TheStreet.com55 minutes ago

    Monday Madness: Nvidia's New Chip, Alibaba's Ready to Report

    Apple, Nvidia, and Alibaba, oh my! The three tech giants hogged the headlines on Monday, Aug. 20. Here's what you missed. Are You Smiling? Warren Buffett is, According to Brian Sozzi TheStreet's Brian Sozzi thinks that Apple Inc. was still showing

  • China May Not Have a Lot of Levers to Pull Amid Trade Spat, JPMorgan Says
    Bloomberg17 hours ago

    China May Not Have a Lot of Levers to Pull Amid Trade Spat, JPMorgan Says

    Ben Jarman, an economist at JPMorgan Chase & Co. in Sydney, talks about the trade dispute between the U.S. and China. He speaks with Rishaad Salamat and Haidi Stroud-Watts on "Bloomberg Markets: Asia."

  • Investopedia11 hours ago

    4 Things to Know About Backdoor Roth IRA Conversions

    A backdoor Roth IRA conversion is a way of funding a Roth IRA account with a traditional IRA conversion instead of a direct contribution. People with relatively high incomes are unable to directly contribute to a Roth IRA. To get around this issue, they can make a non-deductible contribution to a traditional IRA, then perform a Roth conversion.

  • JP Morgan predicts Tesla stock plunge because funding to ...
    CNBC Videos5 hours ago

    JP Morgan predicts Tesla stock plunge because funding to ...

    J.P. Morgan now believes funding behind Tesla CEO Elon Musk's plan to go private was "not secured." The firm slashed its December price target for Tesla shares to $195 from $308.

  • Don’t Count Out These 5 Active Mutual Funds
    InvestorPlace7 hours ago

    Don’t Count Out These 5 Active Mutual Funds

    There’s a reason why the investment world has gone gaga for passive indexing and exchange-traded funds (ETFs). After all, most actively managed mutual funds and other investment vehicles with a human touch tend to lag the broader market. There are actually plenty of active mutual funds that are beating broader indexes and their benchmarks by a wide margin.

  • CNBC9 hours ago

    As semi stocks get wrecked, long-time tech investor sees two to buy on the dip

    Shares of Microchip Technology MCHP , Applied Materials AMAT and NXP Semiconductors NXPI all suffered recent declines, as has the SMH , the ETF that tracks semiconductors, which declined nearly 3 percent last week. Despite the carnage, one veteran tech investor says the space is now flush with cheap buys. The SMH semiconductor ETF's sell-off brought its price-to-earnings ratio down below 14 times forward earnings, nearing the two-year low reached in April.

  • Exclusive: China shifts to Iranian tankers to keep oil flowing amid U.S. sanctions - sources
    Reuters11 hours ago

    Exclusive: China shifts to Iranian tankers to keep oil flowing amid U.S. sanctions - sources

    BEIJING/SINGAPORE (Reuters) - Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic sanctions by the United States. The shift demonstrates that China, Iran's biggest oil customer, wants to keep buying Iranian crude despite the sanctions, which were put back after the United States withdrew in May from a 2015 agreement to halt Iran's nuclear programme. The United States is trying to halt Iranian oil exports to force the country to negotiate a new nuclear agreement and to curb its influence in the Middle East.

  • Why Medtronic (MDT) Could Beat Earnings Estimates Again
    Zacks6 hours ago

    Why Medtronic (MDT) Could Beat Earnings Estimates Again

    Products industry. When looking at the last two reports, this medical device company has recorded a strong streak of surpassing earnings estimates. For the most recent quarter, Medtronic was expected to post earnings of $1.38 per share, but it reported $1.42 per share instead, representing a surprise of 2.90%.

  • Investopedia11 hours ago

    AT&T an ‘Extreme’ Bargain, May Rise 12%

    AT&T Inc. ( T) has continued its negative performance over the past couple of years, down 15% this year amid a broad underperformance in the telecom sector in general. Using a bit of reverse engineering Flannery found that AT&T is trading at “extreme valuation levels,” not only relative to its own historical value, but also to shares of competitor Verizon Communications Inc. ( VZ), according to Barron’s.

  • Rise of 'Wildcatter' airlines targeting smaller markets
    CNBC Videos8 hours ago

    Rise of 'Wildcatter' airlines targeting smaller markets

    CNBC's Phil LeBeau reports on the rise of airlines targeting smaller markets.

  • 8 Undervalued Biotech Stocks to Watch
    InvestorPlace7 hours ago

    8 Undervalued Biotech Stocks to Watch

    From an overall perspective, biotech stocks have enjoyed respectable gains this year. The sector exchange-traded fund SPDR S&P Biotech ETF (NYSEARCA:XBI) is up double digits since January’s opening session. That said, the market movement has been anything

  • Cannabis company Canopy Growth’s stock soars 30% as Corona brewer increases stake

    Cannabis company Canopy Growth’s stock soars 30% as Corona brewer increases stake

    U.S.-listed shares of Canada-based Canopy Growth Corp. soared almost 30% Wednesday, after liquor seller Constellation Brands Inc. said it will invest another CAD $5 billion, or about $4 billion, in the diversified cannabis company. Constellation Brands (STZ) the brewer of Corona beer and distributor of Robert Mondavi wine, said it will increase its stake in Canopy (CGC)(CA:WEED) to 38% from about 10% by buying 104.5 million shares at C$48.60 a share, a 51.2% premium to Tuesday’s closing price of C$32.15, and assuming exercise of existing warrants. The company will also receive additional warrants that if exercised would provide Canopy with an additional C$4.5 billion and give Constellation a stake of more than 50%.

  • Investors have misdiagnosed Amazon’s push into the pharmacy business
    MarketWatch5 hours ago

    Investors have misdiagnosed Amazon’s push into the pharmacy business

    Or more precisely, how will Amazon’s entrance into the retail pharmacy business change this industry? Then we had a small but important insight that shifted our thinking on Walgreens Boots Alliance (WBA) : The preponderance of drugs in the U.S. is consumed by an older population, whose habits change slowly or not at all. Accordingly, it’s likely that Amazon’s (AMZN) online pharmacy will not significantly impact the existing drug industry.

  • InvestorPlace6 hours ago

    Exxon Stock Is Packed Full of Easy Profits in 2018

    Last February, the stock market had a sharp correction from fears of runaway interest rates. In addition to the February market-wide fears, Exxon Mobil (NYSE:XOM) stock had its own reasons to fall over 20% from an earnings event. Furthermore, the bounce in XOM stock has merely been to recover half of the first quarter 20% correction.

  • TheStreet.com3 hours ago

    Here's Why Sears Is Down 3% and Threatening a New All-Time Low

    Monday's trading follows up a more than 9% decline on Friday after CEO Eddie Lampert's hedge fund, ESL Investments, announced that it will buy the Kenmore brand from Sears for $400 million in cash. ESL, which also has made an offer to purchase Sears' Home Improvement business for as much as $80 million, said that it needs to find other equity financing partners to make the deal happen. The reason investors may be running for the hills is that Lampert's letter to the board released last week highlighted the cash crunch the company is experiencing currently.

  • Barrons.com3 hours ago

    Walmart: Maybe It's Not Eating Dollar Stores Alive

    When the massive retailer—and Barron’s Next 50 stock—turned in a big quarter, investors applauded and some observers wondered whether that meant market share was being ripped from dollar stores or grocers. Walmart’s quarter “begs the question: rising tide or zero sum for its retail peers? “Walmart’s nonfood business—apparel, garden, other seasonal—is more discretionary in nature and more likely to benefit from favorable weather and a robust consumer,” they wrote.

  • Investopedia3 hours ago

    Buy Verizon While the Stock Is Cheap: Barron's

    While its peers in the telecommunications space are making big moves into new markets with headline acquisitions, Verizon Communications Inc. ( VZ) has been relatively quiet. "Fundamentals in U.S. wireless have turned the corner," wrote Deutsche Bank analyst Matthew Niknam in a note responding to Verizon's most recent quarterly results posted July 24. In the second quarter, investors applauded Verizon for posting earnings above the Street's estimates while growing overall revenue, including gains in wireless, despite the industry suffering from a long-lasting price war.

  • Drugmakers Extend Summer Rally as Markets Regain Footing
    Bloomberg4 hours ago

    Drugmakers Extend Summer Rally as Markets Regain Footing

    Major pharmaceutical companies are partying like it’s 2001. U.S. drugmakers including Pfizer Inc., Eli Lilly & Co., and Merck & Co. are seeing their share prices balloon to the highest levels in more than 16 years as investors rotate in after second-quarter results proved stronger than expected. Impressive earnings paired with waning concerns about potential Trump administration actions on drug pricing could be helping to draw generalist investors in a bit of a “catch up trade,” according to Credit Suisse analyst Vamil Divan.

  • Conoco to Recover $2 Billion in Agreement With Venezuela
    Bloomberg8 hours ago

    Conoco to Recover $2 Billion in Agreement With Venezuela

    ConocoPhillips said it’ll receive $2 billion in a settlement with Petroleos de Venezuela SA, ending a dispute that’s severely crippled Venezuela’s ability to export the crude oil central to its faltering economy. An international tribunal awarded the amount in April for asset seizures carried out in 2007 by late Venezuelan President Hugo Chavez. Under the agreement announced Monday, state-owned PDVSA will make initial payments of about $500 million within 90 days, with the balance paid quarterly over four and a half years, Conoco said in a statement.