Kim Kardashian West might have a future on Wall Street. The reality TV star was gifted shares in five major companies for Christmas last year by her husband Kanye West. The stocks have since soared 40% on average, according to data from Markets Insider.
is surging more than 50% in premarket trading, building on a remarkable 29% gain Tuesday, after gaining DEA approval to import a cannabinoid drug into the United States. Tilray stock has gained over 900% since its IPO in July. The newest catalyst in the approval, which was announced early on Tuesday, slates a clinical trial at the University of California San Diego to research the two active ingredients in marijuana, cannabidiol (CBD) and tetrahydrocannabinol (THC), for treatment of the neurological disorder essential tremor.
Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today:ARC Document Solutions, Inc. (ARC): This reprographics company has seen the Zacks Consensus Estimate for its current year earnings increasing 16.7% over the last 60 days.ARC Document
Jim Cramer points out the difference in market performance in China and the United States and ties it to the trade war fears that are rattling investors.
Despite the many perks of early retirement — waking up whenever you want, for example — it wasn’t the easiest decision. Earnings tend to peak around 48 for men and about 39 for women, according to an analysis by PayScale.
While I don’t see this to be a reason for major caution, in the near-term, big names such as Apple (NASDAQ:AAPL) now look likely to see further mean-reversion to the downside. AAPL stock in specific now looks ripe to move toward a next lower price target that has plenty of relevance through the lens of technical analysis. Before digging into the trade idea, allow me to be clear that this actionable near-term trade idea should not be mistaken for a longer-term call on Apple stock.
As U.S.-China trade tensions escalate, one unlikely winner is emerging: Dow component Caterpillar CAT . Shares of the industrial giant had fallen earlier this year on trade war fears, but they've rallied more than 7 percent this month, the best performer of all Dow stocks. Caterpillar clawed its way back within range of the 200-day moving average in recent weeks after tumbling below that support line in mid-June.
In 2014, WTI crude oil prices were north of $100 per barrel. Not surprisingly, energy stocks, and in particular oil stocks, were doing pretty well back then. The oil market was left with this massive oversupply glut, and that sent oil prices tumbling.
Micron Technology Inc. will give investors a much better lay of the land of the memory chip market this week following a quarter of dueling narratives on whether chip prices would hold premium prices. Micron (MU) is scheduled to report fiscal fourth-quarter earnings after the bell on Thursday. Many optimists argued that the traditional memory chip cycle was no longer applicable and that the market had entered uncharted territory because of new demand from internet-connected devices outside of phones and an insatiable demand from growing data centers.
Facing tariffs on another $200 billion of its exports to the U.S., China is vowing retaliation but also turning for help to old allies: American businessmen and financiers. In a new charm offensive, Chinese leaders hastily convened a group of high-powered Wall Street executives in Beijing on Sunday and Monday for talks with top officials. With the economy slowing, Chinese leaders understandably want to make sure foreign capital keeps flowing.
The company (ticker: AABA), the former Yahoo, has in the past six weeks completed its sale of a $6.5 billion stake in (4689) and used part of a hefty position in Alibaba to execute a $13.8 billion offer that let Altaba holders swap their stock for shares in the e-commerce giant. Altaba has also moved to resolve litigation stemming from the widely publicized Yahoo data breaches several years ago. Altaba shares closed 92 cents lower Tuesday at $64.98, reflecting an ongoing slide in Alibaba, whose shares fell $2.24 to $156.65.
When you claim Social Security benefits prior to your Social Security defined full retirement age (FRA) and continue to work, your benefits will be subject to the earnings test. The earnings limit is effective January 1st each year and indexed annually. Who Is Subject to the Earnings Test? Everyone receiving Social Security benefits prior to their FRA is subject to the earnings test.
Let’s take a look into the factors that make this Zacks Rank #2 (Buy) stock an attractive investment option. An Outperformer: Albemarle has outperformed the industry over the past three months. Healthy Growth Prospects: The Zacks Consensus Estimate for earnings for 2018 for Albemarle is currently pegged at $5.39, reflecting an expected year-over-year growth of 17.4%.
In addition, Zacks Equity Research provides analysis on Target Corp. TGT, Burlington Stores, Inc. BURL and The TJX Companies, Inc. TJX. Of these, several—including Microsoft —have been flagged by the Zacks Rank recently and could be poised for even more gains thanks to key initiatives and positive sentiment.
Alibaba may suffer some short-term losses in the wake of Jack Ma's succession plans, but the stock is well-positioned longer term, according to Bradley Gastwirth, CEO at ABR Investment Strategy.
Citigroup Inc. has struggled to regain its footing since the financial crisis. The stock is still down more than 60 percent since the fall of Lehman Brothers Holdings Inc., the worst performance by far of the big U.S. banks. The firm’s efficiency ratio, or expenses as a percentage of revenue, has been less than 60 percent for the past three years.
Prospects are looking brighter for Teva Pharmaceuticals Industries Limited (NYSE:TEVA). The company won a pair of FDA approvals in September. The big news here is the FDA approving its migraine treatment.
Of late International Business Machines Corporation IBM has been on healthy growth trajectory. This is quite evident from the company’s strong fundamentals and rising share price.Notably, the company’s shares have gained 5.3%, outperforming the S&P 500
Founder Securities Co., a Chinese partner of Credit Suisse Group AG, suspended the analysts after a preliminary investigation, citing video and photos that brought “severe damage” to the firm’s reputation. The analysts were also barred from this year’s New Fortune research contest, a hyper-competitive Chinese version of the Institutional Investor research poll. The episode highlights the stakes for Chinese analysts as they vie for top spots in the New Fortune rankings, which can have a huge bearing on their paychecks and status in the industry.
For the last few months in stocks, the world’s loss has often seemed like America’s gain. This is the latest warning from JPMorgan Chase & Co. strategists led by Marko Kolanovic, who say to cut holdings in U.S. equities and add money in emerging markets. As the benefits from President Donald Trump’s tax cuts dissipate, the world’s largest economy is set to lose its edge in growth, they said.
Blackstone BX is a profitable investment option driven by steady earnings growth and strong liquidity position. Further, the company will continue benefiting from diversified products, revenue mix and rise in assets under management (AUM). Over the past 60 days, the Zacks Consensus Estimate for the current year has been revised 4.1% upward.
If there is one group of stocks that best represents our times, it’s the semiconductor stocks. So far in 2018, the VanEck Vectors Semiconductor ETF (NYSEARCA:SMH), which measures the performance of this sector, is up 6.3%, against a 14% gain in the Nasdaq
Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Apple, Inc. AAPL, Fitbit, Inc. FIT, Cisco Systems, Inc. CSCO, Qualcomm, Inc. QCOM and Micron Technology, Inc. MU. Today, Zacks is promoting its ''Buy'' stock recommendations.
Tesla’s efforts to ramp up production of its Model 3 electric sedan have gone from “production hell” to “delivery logistics hell”, according to its chief executive Elon Musk. Shares of Tesla (TSLA) plummeted more than 7% after reports that the U.S. Justice Department requested documents related to CEO Elon Musk’s tweet about taking the company private. While investors are concerned about Elon’s behavior, his younger brother, first business partner and perhaps closest ally, Kimbal Musk, is remaining steadfast in his support.
Yesterday, President Donald Trump announced a new round of tariffs on Chinese goods — $200 billion to be exact. In response, China issued a $60 billion levy on U.S. goods. In an increasingly global economy, prospects for a trade war with China tend to foster nervousness among investors.