• TheStreet.com6 hours ago

    Four Cheap 'Dividend Aristocrats' to Buy Now

    "Dividend Aristocrats" are S&P 500 stocks that meet certain minimum size and liquidity requirements and have at least 25+years of consecutive dividend increases. Through its flagship Walgreens chain and certain joint ventures, the company has a presence in more than 25 countries and employs over 385,000 people. WBA's 42 years of consecutive dividend increases qualify it as a Dividend Aristocrat, and the company appears positioned to deliver $5.95 of adjusted earnings per share for fiscal 2018.

  • China Won't Target U.S. Companies in Trade Dispute, SCMP Says
    Bloomberg7 hours ago

    China Won't Target U.S. Companies in Trade Dispute, SCMP Says

    China has no plan to target U.S. companies operating in the nation amid escalating trade tensions, as that would run counter to Beijing’s goal of attracting foreign investments, South China Morning Post reported on Sunday, citing unidentified people. The policy makers sought to reassure foreign businesses in China amid fears that the Beijing government would retaliate for U.S. President Donald Trump’s proposed tariffs on Chinese goods by harassing American firms or depriving them of commercial opportunities, the Hong Kong-based newspaper reported, citing "two Chinese government sources." The option of targeting these business "has never been on the cards," according to one of the people. Goldman Sachs Group Inc. President David Solomon, United Parcel Service Inc. Chairman David Abney and Pfizer Inc. Chief Operating Officer Albert Bourla were among top executives at the meeting, according to the newspaper.

  • TheStreet.com6 hours ago

    These 5 Tech Giants Still Aren't That Expensive

    Several tech giants still carry reasonable valuations -- at least after accounting for the impact of heavy near-term spending and/or business model transitions. Apple's revenue growth profile isn't as strong as that of some of the companies mentioned below -- the consensus is for Apple to see 14% revenue growth in fiscal 2018, but just 4% growth in fiscal 2019.

  • The Wall Street Journal2 days ago

    Intel Ex-Chief’s Affair With Employee Began Before He Was CEO

    Intel Corp. ex-Chief Executive Brian Krzanich’s affair with an employee, which cost him his job this week, started before he was CEO and ended several years ago, according to people familiar with the matter. The relationship, which those people said started about a decade ago, came into public view this week when Mr. Krzanich, 58 years old, resigned after the chip maker determined he had violated company policy by having a relationship with a co-worker. The woman involved in the affair still works at Intel, the people said.

  • CNBC4 hours ago

    For soon-to-be retirees, working a little while longer can pay off big time

    Delaying retirement for just three to six months has the same impact as saving 1 percent more of your salary over 30 years. When it comes to retirement savings, many nest eggs fall short. The power of saving continues to decrease as workers approach retirement age, according to the working paper from the National Bureau of Economic Research .

  • MarketWatch4 hours ago

    Micron earnings prove the doubters wrong again

    Opinion: Memory chip maker’s stock gains after it combats every doomsday scenario with results and forecastBloomberg News/Landov”The industry we operate within is structurally different than in the past,” Micron Chief Executive Sanjay Mehrotra said Wednesday. Micron Technology Inc. once again countered all the doubts surrounding its stock Wednesday, as executives forcefully contended that the current strength in memory markets is not just a cyclical upturn. Micron (MU) on Wednesday reported strong profit and sales gains with a forecast that showed confidence that demand for memory chips will continue, along with higher prices of those components.

  • Oilprice.com20 hours ago

    The OPEC Agreement Puts A Floor Under Oil Prices

    Since its December 2016 oil production-cut deal came into effect, the Organisation of Petroleum Exporting Countries (OPEC) has seen crude oil prices more than double, following the market rebound from the lows of early 2016. Due to the global anticipation of the Cartel’s voluntary supply withdraws – aimed at further sustaining the technical price recovery – prices have steadily continued to trend higher since the 2014 Brent Crude oil contract plunged. Brokered by Algeria, the deal to cut production volumes – following OPEC’s 2014 attempt to break the US Shale-Oil industry by permitting the global supply overhang – nears its official end in the second half of the year.

  • Renewed Focus on Profitability Bodes Well for Tesla Stock
    InvestorPlace23 hours ago

    Renewed Focus on Profitability Bodes Well for Tesla Stock

    If we sidestep the dramatic sabotage acts going on at Tesla Inc (NASDAQ:TSLA) right now, we run into the company’s recent solar news. While Tesla stock has been stampeding higher, fueled by a short squeeze, many are still questioning the automaker’s underlying fundamentals. Earlier this month, CEO Elon Musk announced that the company will layoff approximately 9% of its workforce.

  • Paul Tudor Jones: Here's why the 1987 crash was an accident waiting to happen
    Yahoo Financeyesterday

    Paul Tudor Jones: Here's why the 1987 crash was an accident waiting to happen

    Legendary hedge fund manager Paul Tudor Jones became famous after predicting the market crash of October 19, 1987, known as “Black Monday” when the Dow Jones dropped more than 22%. “The crash of ’87 was really interesting just because the crash of ’87 probably never would have happened except for, again, the market infrastructure at that point in time,” Jones said in a conversation with Goldman Sachs CEO Lloyd Blankfein as part of the firm’s “Talks at GS” series. Jones, 63, began his career at E.F. Hutton as a commodities trader in the cotton pits in 1976 before transitioning to macro trading and founding his hedge fund, Tudor Investment Corp in 1980.

  • TheStreet.comyesterday

    Red Hat CFO Tells TheStreet: Tech Trends Are Still in Our Favor

    After the bell on Thursday, Red Hat reported above-consensus sales and EPS for its May quarter, but also reported quarterly billings of $709 million, which was below a $721 million consensus. EPS guidance was slightly raised, but revenue guidance was lowered to a range of $3.375 billion to $3.41 billion (implies 16% growth at the midpoint) from a prior outlook of $3.425 billion to $3.460 billion. Red Hat also unveiled a new $1 billion stock buyback program, which replaced a prior $1 billion program that had $249 million remaining.

  • MarketWatch6 hours ago

    Mortgage rates retreat, capping a grim spring selling season

    Rates for home loans pulled back in line with bond yields as trade war fears sent investors piling into safe assets. The 30-year fixed-rate mortgage averaged 4.57% during the June 21 week, down from 4.62%, mortgage provider Freddie Mac said Thursday. Mortgage rates follow the path of the 10-year U.S. Treasury note,(XTUP:TMUBMUSD10Y=X) although with a lag.

  • GM Announces It Will Build Chevy Blazer in Mexico
    InvestorPlace2 days ago

    GM Announces It Will Build Chevy Blazer in Mexico

    The automotive giant is bringing back the Chevrolet Blazer — which it hasn’t manufactured since 2005 — as part of an attempt to create SUVs in all shapes and sizes as Americans desire more personalized vehicles nowadays. The Blazer will be bigger than an Equinox but smaller than a Traverse. The new GM vehicle will not look like the old Blazer as it will instead be modeled after the original Blazer, which is designed to attract a younger audience.

  • What does OPEC's decision mean for gas prices?
    CNBC Videos2 days ago

    What does OPEC's decision mean for gas prices?

    Tom Kloza, Oil Price Information Service head of energy analysis, discusses how gas prices will be impacted by OPEC's decision to hike oil output.

  • Stormy Daniels Wants Collusion Lawsuit Sent Back to State Court
    Bloomberg2 days ago

    Stormy Daniels Wants Collusion Lawsuit Sent Back to State Court

    Stephanie Clifford, the adult-movie star professionally known as Stormy Daniels, wants the lawsuit alleging her former lawyer colluded with Donald Trump’s long-term attorney Michael Cohen sent back to state court. Cohen used “procedural gamesmanship” to have the case she filed June 6 in California state court in Los Angeles transferred to a U.S. federal court, Clifford said Friday in a court filing. The lawsuit is against Keith Davidson, who negotiated the $130,000 “hush payment” she received in 2016 from Cohen not to discuss an alleged tryst she had with Trump a decade earlier.

  • Should You Buy Caterpillar (CAT) Stock Right Now?
    Zacksyesterday

    Should You Buy Caterpillar (CAT) Stock Right Now?

    Shares of Caterpillar CAT closed up marginally on Friday, ending a streak of nearly two straight weeks of losses on the back of heightened trade war tensions between the U.S. and China. With that said, now might be the time for investors to consider buying Caterpillar stock based on its currently stellar valuation picture and strong growth prospects. Caterpillar has been one of the Dow’s worst performers during its recent downbeat stretch, which stands in stark contrast to its standing over the last few years.

  • Etihad to loan pilots to competing UAE airline Emirates
    Associated Press6 hours ago

    Etihad to loan pilots to competing UAE airline Emirates

    Long-haul airline Etihad Airways will loan pilots to competing Dubai-based carrier Emirates under a new program, officials acknowledged Sunday, marking a rare cooperation between the two state-owned carriers who operate only 115 kilometers (70 miles) apart. There's always been competition between Emirates, founded by Dubai's rulers in 1985, and Etihad, begun by Abu Dhabi's rulers in 2003. In a statement, Emirates described the move as "a common practice in our industry which gives airlines more flexibility in managing their pilot resources." The Dubai-based airline did not offer specifics on the program, nor say how many pilots from Etihad would be flying with the carrier.

  • This startup is letting anyone start their own ISP business so they can provide a better alternative to Comcast or AT&T
    Business Insideryesterday

    This startup is letting anyone start their own ISP business so they can provide a better alternative to Comcast or AT&T

    Necto, a startup which was recently accepted into Silicon Valley incubator Y Combinator, wants to make it easy for users to set up their own ISP. While the type of network Necto is using isn't anything new, the company has an different business model it hopes will set it apart. Necto provides network management resources to "operators," who invest up front for network infrastructure and recruit local customers to pay and sign up for the service.

  • MarketWatch22 hours ago

    Here’s what could happen to Apple’s average selling prices in the next iPhone cycle

    Apple Inc. has struggled to meet Wall Street’s expectations for iPhone units sales in recent quarters, but the company has surprised investors by getting consumers to pay ever more for its phones. The threat of a full-blown trade war isn’t having the impact on investor sentiment and stock prices that might be expected judging by double-digit gains for the Nasdaq and modest but positive returns for the S&P 500 so far this year.

  • InvestorPlaceyesterday

    At This Point, Micron Stock Looks Pretty Much Unstoppable

    Micron Technology Inc. (NASDAQ:MU) did it again. Strong earnings, and a stronger forecast from CEO Sanjay Mehotra, continued to power Micron stock upward, but bears won’t let it go past the fundamentals so the memory chip maker is still a buy. On June 20 Micron reported net income of $3.823 billion, $3.10 per share, on revenue of $7.8 billion for the quarter.  This compares to earnings of $1.65 billion, $1.40 per share, and revenues of $5.56 billion a year ago.

  • Trump greets EU trade reprisals with threat of steep auto tariff
    Reuters2 days ago

    Trump greets EU trade reprisals with threat of steep auto tariff

    President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all U.S. imports of European Union-assembled cars. Trump posted his threat on Twitter the day European Union reprisals took effect against U.S. tariffs on European steel and aluminum. The EU targeted $3.2 billion in American goods exported to the 28-member bloc.

  • MarketWatch2 days ago

    Beware of the Russell 2000, but should you buy the Dow Jones Industrial Average?

    The four major markets are the Dow Jones Industrial Average (^DJI), S&P 500 Index (^GSPC), Nasdaq 100 Index (XNAS:NDX) and Russell 2000 Index (^RUT). Some might argue that the Nasdaq Composite Index (^IXIC) is more important than the Nasdaq 100, but the Nasdaq Composite also has many small-cap stocks that are already included in the Russell 2000, so the Nasdaq 100 is a better indicator overall. With that, the Russell 2000 and the Nasdaq 100 are higher-beta markets, but with one material difference.

  • TheStreet.comyesterday

    How to Play Intel Stock After the CEO's Resignation

    announced the immediate resignation of its CEO, Brian Krzanich, due to what the company described in a statement as a "past consensual relationship with an Intel employee." Shares of Intel, which closed at a 17-year high on June 1, responded by falling to a one-month low. Now that the stock is well off of its highs, is it time to step in and buy Intel? Note that Intel's 50-day moving average (green) and 200-day moving average (red) are still climbing, which confirms the bullish trend.

  • OPEC’s Agreement Sends Oil Prices Soaring
    Oilprice.com2 days ago

    OPEC’s Agreement Sends Oil Prices Soaring

    OPEC issued a communique on Friday that called on a return to 100 percent compliance for the group, down from 152 percent in May. The announcement deferred country-specific allocations, likely because they could not agree on the details. The decision likely means that any country with spare capacity will be able to boost production. In practice, Saudi Arabia and Russia will carry the lion’s share.

  • How to outlast a job you hate until you can retire
    MarketWatchyesterday

    How to outlast a job you hate until you can retire

    Filling your mind with pleasing images of retirement — what you’ll do, where you’ll reside — can divert attention from the daily grind. Counting the days until retirement gets easier if you’re used to priming your brain to work to your advantage. Joanne Waldman is director of training at Retirement Options, which certifies retirement coaches and offers retirement readiness assessments.