Many of us know the magic of investing money in the stock market—just letting it sit and watching it grow—but few of us really grasp just how powerfully enriching this can be. Not surprisingly, Warren Buffett, the world’s greatest investor, has a vivid example of this which he shared with me during a visit earlier this year at Berkshire Hathaway headquarters in Omaha. First, take yourself back, way back to America’s entry into World War II. Franklin Roosevelt was president and Buffett was a young boy.
As General Electric weighs whether to break up the sprawling conglomerate after a year of financial woes, the former vice chairman of the 125-year-old company Bob Wright warned it would be a “fool’s errand” to do so. “It’s worth more whole,” Wright told FOX Business’ Stuart Varney during an interview on Wednesday. In recent decades, the conglomerate has relinquished control of many businesses, including NBCUniversal.
Ford Motor Co (F.N) on Wednesday outlined a plan to cut costs and boost profit margins at a faster pace than previously announced, which includes dropping traditional sedan models in North America that have become increasingly unpopular with consumers. Ford said it now expects to hit a pretax profit margin of 8 percent globally and 10 percent in North America by 2020, ahead of a previous target of 2022. Responding to a shift consumer demand in favour of SUVs, crossovers and pickup trucks, Ford said it planned to trim its North American car portfolio to just two models: the sporty Mustang, which debuted 50 years ago this month and a new compact crossover called Focus Active that will be introduced in 2019.
On Tuesday, Microsoft was valued at $714 billion, about $3 billion above Alphabet and Amazon. Microsoft had briefly ascended to No. 2 on April 12 and then again on April 16. On Tuesday, amid worries about higher U.S. Treasury yields and disappointing earnings by other companies that sent the S&P 500 down1.3%, Microsoft rose to No. 2 by virtue of its shares falling less--2.3%--than those of its rivals.
CNBC's Dominic Chu reports on Exxon Mobil hitting a session high after the company raises their dividend up 5 cents to 82 cents.
German sportswear maker Puma is working on contingency plans to move some production from China to other Asian markets if U.S. tariffs are imposed on footwear, its chief executive said on Tuesday. Puma currently makes about a third of its products in China and is looking into moving production of goods for the U.S. market to countries like Vietnam and Indonesia, Puma CEO Bjorn Gulden told a conference call for journalists.
Shares of Philip Morris International Inc. (NYSE:PM) have certainly been taken out to the woodshed lately. PM stock has dropped a staggering 20% over the past five trading days following a disappointing earnings report. Undoubtedly a selloff was warranted
It will take months or years to tell if the tax cuts President Trump signed at the end of 2017 will boost economic growth or help create jobs, as intended. Congress’s Joint Committee on Taxation has published new estimates of the ways people will file their taxes for 2018, the first year most of the new tax provisions will be in effect. One of the most disruptive changes to the tax code is a new limit of $10,000 on the deductibility of state and local taxes, which used to be subject to no limit.
Here's a question: You've built up a massive nest egg at your job, and you're about to retire. What are your plans for your hard-earned savings? For nearly a third of workers, the answer is "I don't know." Those were the findings from a recent survey by the Employee Benefit Research Institute, a research group that focuses on health, savings and retirement. EBRI conducted an online poll of 2,042 adults in January. "In most cases, you would expect people to do a couple of things: You wouldn't use all of it to buy lifetime income and you'd want to keep some of it for emergencies," said Craig Copeland, a senior research associated at EBRI. "It's troubling that they can't recognize what they think
yields approximately 4% and gives you $2.84 cents currently - it just raised its dividend by 4% which, importantly, is the 62nd consecutive year of increases. If you bought P&G here you are basically insuring yourself to $70 which is down an astounding $24 from its high during the Nelson Peltz proxy battle.
From a headline standpoint, Allergan plc (NYSE:AGN) stock does look attractive at the moment. A steady pullback has seen Allergan stock fall about 35% from late July highs and Allergan has dropped by half from 2015 levels. A sub-10x forward EPS multiple is notably cheaper than those assigned to rivals like Pfizer Inc. (NYSE:PFE) and Merck & Co., Inc. (NYSE:MRK).
Can Under Armour (mostly) deliver again off the field of play — and convincingly so, on the playing pitch of the UAA stock chart for a second time in a row? With the expectations bar set reasonably low and the Street forecasting a loss of 4 cents and sales of $1.1 billion, I personally like the long game in UAA stock. It has been nearly three weeks since last penning a bullish article on UAA stock at InvestorPlace.
Disappointing guidance from key iPhone suppliers is raising worries about Apple shares and could signal the death of the technology-driven stock rally. Apple's stock is cumulatively down 7.1 percent in the three trading sessions through Monday, wiping out $63.9 billion of shareholder value. The decline was sparked by Taiwan Semiconductor Manufacturing's weaker-than-expected guidance Thursday morning. The world's largest semiconductor foundry and key Apple chip partner said its revenue forecast range for the second quarter is $7.8 billion to $7.9 billion versus the Wall Street estimate of $8.8 billion. The company blamed "weak demand" in the mobile sector for its forecast. "Heading into Apple's
Index funds can be a low-cost, low-risk way for investors, especially first-timers, to get into the market. But what exactly are they? You can think of an index fund as a basket of stocks with hundreds or thousands of different ones inside, explains Nick Holeman, a certified financial planner at Betterment. The S&P 500, for example, is a fund that holds stocks for the 500 largest companies in the U.S., which includes familiar names such as Apple, Google, Exxon and Johnson & Johnson. "It's the cheapest and easiest way to diversify your money that you're investing," Holeman says. Think of it this way: If every individual stock were a Lego brick, buying an index would be like getting a set of Legos
The U.S. Supreme Court upheld an administrative review system that has helped Google Inc., Apple Inc. and other companies invalidate hundreds of issued patents. The justices, voting 7-2, said Tuesday a U.S. Patent and Trademark Office review board that critics call a patent "death squad" wasn’t unconstitutionally wielding powers that belong to the courts. Silicon Valley companies have used the system as a less-expensive way to ward off demands for royalties, particularly from patent owners derided as "trolls" because they don’t use their patents to make products.
Stocks are getting smoked on Tuesday. Each of the major U.S. indexes was in the red, with the Dow seeing the biggest losses, falling 2.2%, or 550 points, while the S&P 500 was also down 1.7% and the Nasdaq was down 1.9%. The Dow was being dragged lower by shares of Caterpillar (CAT), down over 6% after having rallied earlier in the session following an earnings beat.
CNBC's Bob Pisani reports on the New York Stock Exchange suspending Amazon, Google, and other Nasdaq stocks due to a coding issue.
Iconic automaker Ford Motor Company (F) began 2018 with an earnings warning on Jan. 16. This warning was confirmed by a negative reaction to fourth quarter results released on Jan. 24. The company is set to report first quarter earnings after the close on April 25. Shares of Ford traded as high as $13.29 on Jan. 16 and declined 24% to the 2018 low of $10.14 on March 2. Ford closed Monday, April 23, at $11.04, down 10.6% year to date and deep in correction territory at 16.9% below the January high. Since the March low, the stock is up 8.9%. Analysts expect Ford to post earnings per share of 41 cents when the company reports first quarter earnings on Wednesday. Analysts expect year-over-year gains
Qualcomm Incorporated (QCOM) just released its latest quarterly financial results, posting adjusted earnings of $0.80 per share and revenues of $5.23 billion. The stock is currently up 2.5% to $51.00 per share in after-hours trading shortly after its earnings report was released. The company posted adjusted earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.70.
Shares of AMD (Advanced Micro Devices) soared more than 7% in after-hours trading Wednesday after the chip maker's first-quarter results topped analyst expectations. Revenue was $1.65 billion, which was ahead of the $1.57 billion that Wall Street was anticipating. "The first quarter was an outstanding start to 2018 with 40 percent year-over-year revenue growth,” said Lisa Su, AMD's president and CEO, in a press release.
3M Co (NYSE:MMM) investors certainly aren’t having fun, as shares fell 6.8% on Tuesday and sit just $9 above its 52-week low near $192. Ironically, 3M stock set that low on April 25, 2017. What’s got 3M down, anyway?
Shares of Intel INTC dipped marginally during Wednesday morning trading hours as stocks battled to overcome fears about rising Treasury yields and range-bound indexes. Intel is also facing unique pressure from investors who are concerned that the semiconductor market is in store for a correction, so its first quarter fiscal 2018 earnings report will carry plenty of weight on Thursday afternoon. Intel is one of the largest semiconductor manufacturers in the world and serves as an important bellwether for the industry.
SAN DIEGO (AP) _ Illumina Inc. (ILMN) on Tuesday reported first-quarter profit of $208 million. On a per-share basis, the San Diego-based company said it had profit of $1.41. Earnings, adjusted for one-time gains
The Tax Cuts and Jobs Act of 2017 represents the most significant reform in over 30 years, replacing the Tax Act of 1986. For some, the changes are positive: reduced tax rates for personal and business income, as well as the increased standard deduction. But for people that are itemizing their deductions, the former tax savings can easily be washed out by some of the new restrictions. There are negative impacts for those that use the medical and dental expense deduction, the SALT (state and local taxes) deduction and the mortgage interest deduction. However, there is one part of the itemized deductions that was positively changed: gifts to charity. Maximizing your charitable deductions, especially
Shares of NXP Semiconductors NV (NXPI) trended lower again Tuesday, April 24, registering their ninth day of losses in 10 trading sessions. The stock has suffered in recent sessions on trader concern that a takeover bid from Qualcomm Inc. (QCOM) may fall through. Qualcomm has been pursuing a $44 billion deal to buy NXP since October 2016 but has recently run into regulatory trouble in China. A Chinese Commerce Ministry spokesperson said there are "related issues that are hard to resolve," adding that it would be difficult to "eliminate the negative impact" of a deal. China is the last country that would need to approve a Qualcomm deal for NXP. The takeover has earned the greenlight from eight