Investors are always looking for stocks that are poised to beat at earnings season and AT&T Inc. T may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because AT&T Inc.
The stock market may have bounced back following its sharp sell-off at the beginning of October, but Morgan Stanley says the selling is going to pick back up soon. Tread carefully in tech and consumer discretionary, Morgan Stanley warns.
Suze Orman did a smackdown of the FIRE (Financial Independence/Retire Early) movement on Paula Pant’s podcast. Coach Carson posted a balanced, informative response, appreciating Suze’s admonition to be sure you have enough for a risk-free retirement. Suze enumerated a string “what can go wrong” scenarios as evidence that early retirement (on less than $10 million) leaves you vulnerable when life hands you lemons — a whole tree of lemons.
Strategies can be employed to reduce the amount of your win that is taxed, although they are best explored with the help of an experienced tax advisor. While it's anyone's guess who will end up winning the Mega Millions and Powerball jackpots, there's at least one guaranteed recipient of a chunk of the loot — the IRS. With the Mega Millions jackpot at $1.6 billion and Powerball's top prize at $620 million, that tax bill will be hefty even if the winner employs strategies to reduce their taxable income.
Aurora Cannabis, one of the largest Canadian marijuana producers, is going public on the New York Stock Exchange. Aurora is joining a select list of Canadian cannabis producers, including Tilray and Cronos, that are able to list on US-based exchanges.
The firm lauded Tesla's Model 3 in a research note, saying the sedan is a proven hit and many of the warning signs around the company have proven not to be significant. "With a great deal of analysis and due diligence that we can say for the first time, Citron is long Tesla," the research firm said in a note. The change of opinion comes a month after Andrew Left-led Citron sued Tesla and its Chief Executive Officer Elon Musk, saying Musk fraudulently engineered his since-abandoned plan to take the carmaker private to "burn" short-sellers.
Fidelity, the nation's largest retirement-plan provider, recommends having the equivalent of six times your annual salary saved. To get to that number, Fidelity recommends saving 15 percent of your annual income. Make sure to invest these funds instead of leaving them in a traditional low-interest savings account.
Traders Joe Terranova, Steve Weiss, Josh Brown and Jim Lebenthal are joined by Ali McCartney, managing director with UBS Private Wealth Management, to discuss whether the market rally will continue or if they believe a bear market is on the way.
It’s still unclear how Trump will propose to reduce the tax burden on middle-class Americans, but one of the most straightforward ways would be to lower rates by 10 percent for single filers making up to $82,500. U.S. income tax rates are graduated and income dollars get taxed in chunks as they move up through the brackets -- which means wealthy Americans would also get to apply the reduced rate on their first dollars of income. “A millionaire gets the same size tax cut,” said Kyle Pomerleau, an economist at the conservative Tax Foundation.
Bank of America Merrill Lynch’s equity and quant team say market signals from the ever-flattening yield curve are clear as day: stock markets are due to begin a new era of elevated price swings. “A flattening yield curve signaled a withdrawal of liquidity and over the last three cycles has preceded rising volatility by a few years,” the team, including Savita Subramanian, wrote in research this week. Bank of America’s call -- echoing others -- comes as investors scramble to judge whether the current turmoil in equity markets represents a blip or fundamental shift in regime.
It was a punishing start for stocks Tuesday as investors reacted negatively to quarterly results from a handful of blue chips and the cessation of a two-day rebound for China’s embattled stock market, reviving fresh questions about global economic growth prospects. The Dow Jones Industrial Average (DJIA) 548.62 points at its low and remained was recently 460 points, or 1.8%, at 24,862. The S&P 500 (SPX) fell 55 points, or 2%, to 2,696, retreating below a psychological and technical mark at 2,700, while the Nasdaq Composite Index (COMP) slid gave up 177 points, or 2.4%, to 7,291.
The former law firm of porn star Stormy Daniels' attorney Michael Avenatti is being evicted from its office space in Southern California. It's the same day Avenatti was ordered to pay $4.85 million to a former colleague in a separate lawsuit over back pay. Judge Robert Moss' order against the law firm terminates its lease and requires it to pay $154,000 in four months of back rent and storage space in Newport Beach.
Michael Dell may have to offer $120 to $130 a share for the Dell Technologies tracking stock for VMware to win shareholder approval for a transaction. Michael Dell and Silver Lake Partners, which control the now-private Dell, reached a $21.7 billion deal in early July to buy out DVMT holders for $109 a share in cash and a newly issued Dell stock.
CNBC's 'Squawk on the Street' team discusses Jim Cramer's warning that more bad earnings are on their way.
Tech stocks have taken a beating recently, sending the Nasdaq 100 Index (NDX) plummeting by 8.6% from its all-time high on Oct. 1 to its low on Oct. 10, based on intraday prices. Counter to growing skepticism about the outlook for tech stocks, Piper
Over the last few days, share prices of major marijuana stocks have plummeted to their worst in the trailing eight months. This free fall commenced following the legalization of marijuana for recreational use in Canada on Oct 17.Legalization Considered
A Caterpillar Inc. equipment is on display for sale at a retail site in San Diego, California, U.S., March 3, 2017. Global construction equipment giant Caterpillar (CAT) announced quarterly results that were a bit better than expected. Caterpillar’s construction industries business segment sales grew 16% to $5.7 billion.
Milwaukee-based Harley's shares reversed course and were down 5 percent, giving up premarket gains after company the recorded its best quarterly profit in two years. Harley's demographic challenges in the domestic market are well documented - core customers are growing older and efforts to attract new and young riders have yet to show results. In addition, President Donald Trump's call to boycott the motorcycle manufacturer for its decision to move production for European markets overseas has only compounded the company's troubles.
Johnson & Johnson is making a big bet on skin care. It’s looking to buy all outstanding shares of Ci:z holdings, the makers of the skincare line Doctor See Labo and others. J&J already owns about 20% of the company. Reuters says Constellation Brands is looking to sell off some of its biggest labels, including Clos du Bois and Arbor Mist.
US equities took a nosedive Tuesday, extending a rout in global stocks. The Dow (^DJI) slid 1.77%, or 448.1 points, as of 11:46 a.m. ET, as major manufacturers Caterpillar and 3M posted disappointing financial results. The S&P 500 (^GSPC) fell 1.74%,
The jackpots will be subject to federal withholding, which is an immediate 24 percent before the winner ever receives a cent. Some states also impose a withholding tax, Clarence G. Kehoe, CPA and partner at public accounting firm Anchin, Block & Anchin, told FOX Business. The IRS will also tax the winnings at the highest federal income bracket, which now sits at 37 percent for individuals with incomes in excess of $500,000. You would owe any difference left over between that tax rate (37 percent) and the federal withholding rate (24 percent) when you file your tax return at the end of the year, K. Eli Akhavan, partner and chair of the Private Client and Wealth Preservation Group at CKR Law, told FOX Business.
Wynn Resorts, Limited WYNN is expected to release third-quarter fiscal 2018 results on Oct 25. Notably, the company’s earnings have surpassed the Zacks Consensus Estimate in three of the trailing four quarters, the average beat being 1.7%. The question lingering in investors’ minds is whether Wynn Resorts will be able to deliver a positive earnings surprise in the quarter to be reported.
October is living up to its infamous reputation as a volatile month for stocks with major indexes down sharply and there is likely more pain ahead for investors, according to one prominent Wall Street analyst. The recent rebound “was a dead cat bounce,” said Michael Wilson, an equity strategist at Morgan Stanley, in a report. After eking out gains last week, the S&P 500 (SPX) is trading below the 200 DMA of 2,768 thus far this week as stocks remain under pressure with third-quarter earnings cycle picking up pace.
AT&T (NYSE:T) reports earnings on Wednesday morning – and it looks like an important release. From a multi-year standpoint, AT&T stock has been a huge disappointment. T stock hasn’t moved in about six years.
Investors appear disappointed in the lack of inventory, with several stores and websites running out of products in the first days after legalization, as well as a dearth of brand awareness, said Charles Taerk, chief executive officer of Toronto-based Faircourt Asset Management, which runs the C$50 million pot-focused UIT Alternative Health Fund. Canadian cannabis retailers were sold out of about 46 percent of pot products, Cowen analyst Vivien Azer said, based on her survey of online retailers in five provinces.