As a result, the $1.49 per share the company has earned over the past year leaves the stock trading for a not obviously cheap P/E ratio of 22 even with the decline in share price. And yet, the stock also pays a 6.5% dividend yield, and Wall Street analysts believe earnings could revive whether or not oil prices perform likewise. On average, analysts anticipate that Schlumberger stock could rebound 39%, rising from less than $33 today to as high as $45 over the next year.
BlackRock Inc, the world's largest asset manager, exceeded analysts' estimates for quarterly profit on Tuesday, as investors poured money into its fixed-income funds and cash management business amid worries about global growth. The company attracted $84.25 billion in new money during the third quarter, boosting the total assets it manages to $6.96 trillion. Investors preferred BlackRock's low-fee passive-investment products over its actively managed funds.
The Financial Women of San Francisco in June named Terri Kallsen as its 2019 Financial Woman of the Year, recognizing her work and mentoring of other women as executive vice president of investor services at Charles Schwab. In accepting the recognition Oct. 11 at the Financial Women's annual lunch to raise scholarship funds, Kallsen tackled her employment status head on. Schwab said Kallsen's position was eliminated as part of recent expense reductions that included cutting 600 jobs, or 3 percent of its workforce, as the brokerage adjusts to cost pressures, including lower interest rates.
David Rolfe -- the chief investment officer of a St. Louis-based investment firm, Wedgewood Partners, which manages $2 billion -- announced in a third quarter report to clients that, this year, he pulled all of the money he has long held in famed investor Warren Buffett's company Berkshire Hathaway. "Warren Buffett's cash hoard of +$125 billion continues to be a considerable impediment of growth. ... Thumb-sucking has not cut the Heinz mustard during the Great Bull Market of 2009-2019," said David Rolfe, in a letter to clients. Buffett and Munger." Charlie Munger is the vice chairman of many years of Buffet's company.
From continuing concerns about the China-U.S. trade war to worries about the yield curve inversion, the stock market still faces many steep risks. After years of tech outperforming everything, the problems facing Apple (NASDAQ: AAPL), Facebook (NASDAQ:FB), and Amazon (NASDAQ:AMZN) have many people bailing on those stocks as well. Diageo owns and manufactures Guinness beer, Captain Morgan rum, Smirnoff vodka and Johnnie Walker whiskey, among many others.
For investors, it could be a costly mistake to be on the wrong side of that debate, as Netflix stock's 52-week low is $231 and the high is $385, a sizable spread for a $125 billion market-cap company. In the two weeks that followed the streaming company's second-quarter earnings release in July, Netflix shed $24 billion in market value. Second-quarter earnings results added to the debate, as Netflix said the net number of subscribers declined in its home market for the first time.
“In retrospect, I think that it was poor judgment on my part,” Hunter Biden said in an ABC News interview aired Tuesday, in his first public comment since he became the target of allegations from President Donald Trump. Trump and his personal lawyer, Rudy Giuliani, have repeatedly made discredited claims that Joe Biden used his position as the Obama administration's point person on Ukraine to help quash an investigation in 2016 into the owner of one of the country's largest private gas companies where Hunter sat on the board.
Mixo Das, Asia equity strategist at JPMorgan, discusses the partial trade deal between the U.S and China and what it means for markets. He speaks on “Bloomberg Markets: China Open.
Whiting Petroleum Corp, an oil and gas producer with operations in North Dakota and Colorado, is in deal talks with San Antonio-based Abraxas Petroleum Corp , two people familiar with the matter told Reuters. A deal would increase Whiting's acreage in the second-largest U.S. shale field by output and spread its overhead costs over greater production, according to one of the people, who spoke on the condition of anonymity as the talks are not yet public. It was not clear what terms the companies were discussing and there is no guarantee they will strike a deal.
The president quickly hyped a potential win in China buying $40 billion to $50 billion in agricultural products from struggling U.S. farmers. “It's not a game-changer,” UBS head of equities derivatives research Stuart Kaiser tells Yahoo Finance of the preliminary trade agreement, which isn't yet signed. Kaiser thinks if anything the trade truce sets a near-term floor in the stock market — but he nonetheless expects the S&P 500 to end 2019 at 2,550.
Nvidia shares rose after Bank of America Corp. raised its target price for the chipmaker 11% to $250 from $225. A B of A report said it has "increased confidence" in Nvidia's growth prospects, thanks to the strength of its natural language processing technology, according to Bloomberg. "Nvidia's data-center growth is on the cusp of benefiting from the next-big artificial-intelligence landmark," the report said, discussing that language technology.
Canadian cannabis producer Aphria on Tuesday reported fiscal first-quarter earnings and reiterated full-year revenue guidance. Aphria stock surged, while other marijuana stocks rebounded after several hit record lows Monday. Aphria Earnings Beating some estimates for a slim adjusted loss, Aphria earnings came in at 7 cents Canadian.
As the idea of levying higher taxes on the wealthy gains steam — even among the entrepreneurial class—billionaire private equity chief Stephen A. Schwarzman cited several reasons why he believes a wealth tax is a “terrible” idea. The topic has surfaced in the 2020 Democratic primary race, with Senators Bernie Sanders and Elizabeth Warren among the contenders who have embraced a tax on the richest Americans to close the income gap and fund the government. During an interview at Yahoo Finance's All Markets Summit, the billionaire predicted that a wealth tax would result in an exodus of businesses.
The Libra cryptocurrency payments project is shaking up central banking, according to the head of Sweden's central bank. Speaking on CNBC's “Squawk Box Europe,” Riksbank governor Stefan Ingves said the Facebook-led project has been an “incredibly important catalytic event” forcing central bankers to reconsider their primary product: money. Ingves said the Riksbank – which is working toward piloting an e-krona in the near future – has had to reconsider its own development in light of private currency alternatives.
With the vaping controversy bringing negative publicity to the cannabis industry, October might not be so auspicious for Aurora stock holders — but then, we could perhaps dig a little deeper to find some very good reasons to hold onto those Aurora Cannabis stock shares. One Analyst's Mixed Messages on ACB Stock It's funny how an analyst can run hot and cold on the same exact stock at the same exact time, and we've got a textbook example of this with Aurora stock. In particular, Jefferies analyst Owen Bennett recently proclaimed that ACB stock is “one of the best-placed to succeed on a global basis over the long term,” a ringing endorsement if I ever heard one.
Volkswagen does not expect the shift in production toward electric cars aimed at averting billions of euros in European pollution fines to hurt its profit margins, Chief Executive Herbert Diess said in a newspaper report on Monday. "We do not expect a deterioration in margins. Our advantage is that all our brands have the same platform for electric products and the same batteries that we buy in China," Diess said in an interview with daily la Repubblica's Monday supplement A&F. Diess said the German car maker expected to sell nearly 20,000 Audi e-Tron in 2019, adding the first year's production of the electric Porsche Taycan was already sold out.
A longtime holder of (BRKA) sold out of the stock in the second and third quarters, citing investment mistakes by Chairman and CEO Warren Buffett over the past decade, meager stock repurchases, and the drag of a cash hoard that totaled $122 billion on June 30. “Thumb-sucking has not cut the Heinz mustard during the Great Bull Market of 2009-2019,” wrote David Rolfe, the chief investment officer of Wedgewood Partners, a St. Louis investment firm. Buffett and Munger.” Charlie Munger is Berkshire's (ticker: (BRKA)) longtime vice chairman.
The U.S. and China made a “fundamental agreement” on several trade issues last week though there are still many details to be worked out and documented, Treasury Secretary Steven Mnuchin said.
Netflix guided in its Q2 report for 7 million Q3 paid streaming subscriber adds -- 6.2 million in international markets, and 800,000 in the U.S.. For seasonally big Q4, the consensus is for 8.04 million international and 1.44 million U.S. paid streaming adds. TheStreet will be live-blogging Netflix's earnings report (shareholder letter) on Wednesday, along with a "video interview" that will be posted at 6 P.M. Eastern Time. With the help of its early-2019 price hikes, Netflix's average revenue per user (ARPU) rose 3% annually in dollars and 9% in constant currency in Q2.
Analysts and holders of Disney (NYSE:DIS) stock are gearing up for another exciting earnings announcement, with Disney's fiscal fourth-quarter results scheduled to be released on Nov. 7 after the close of the market. With a streaming war between Disney and Netflix (NASDAQ:NFLX) heating up – and with Disney dealing with its headline-making purchase of $70 billion worth of Fox's (NASDAQ:FOXA) assets – I'm sure there'll be plenty to talk about as the big day approaches. Even with Disney's status as a “safety stock” that's been in some people's portfolios for decades, DIS stock holders are starting to get a bit skittish.
Flight delays were a major point of frustration for United Airlines' Twitter-using customers in August. InsureMyTrip, a travel insurance comparison site, conducted the study, and neither United nor archrival American Airlines (NASDAQ: AAL) — both of which operate major hubs at Chicago's O'Hare International Airport — fared particularly well in the analysis of more than 96,000 tweets over the two weeks measured, from August 9 to August 23. Per the study results, Southwest registered only 30 percent negative tweets during the August period, while 49.5 percent of the tweets aimed at United were negative.
Commit Your Raise If you're still working and get a raise, bonus or some other form of extra compensation, commit it to your retirement savings. Unless you absolutely need that extra money to live on—you probably don't—your retirement funds are a great place to stow it. Do this by upping the amount that is deducted from your paycheck for retirement if it's deducted on a pretax basis.
Robert Farrington thinks his Health Savings Account is as great as a 401(k) plan and individual retirement account when it comes to preparing for retirement, and he is adamant about not spending that money unless absolutely necessary. When his wife broke her knee last year, the couple paid expenses out-of-pocket and left their money in their HSA. Farrington, the founder of the College Investor, a website dedicated to managing student loans, said it made sense — an HSA's assets will grow significantly more than the amount of money they use to pay for current health bills.
Citigroup stock and Goldman Sachs stock retreated from buy points, while Wells Fargo stock also fell. JPMorgan Earnings Estimates: Wall Street expected JPMorgan earnings per share to rise 4% to $2.44. Revenue was seen climbing 4% as well to $28.403 billion.
p Bill Gross, the one-time “bond king” who co-founded Pimco in 1971 and built it into a $2tn asset manager, is warning investors to brace for slow economic growth globally and an end to double-digit annual stock market gains. p In his first investment outlook since retiring in March, Mr Gross said on Tuesday that with trillions of dollars in debt offering negative yields, investors should be holding stocks that promise secure dividend payouts.