Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves. Here's the performance of select risk markets as of 4:00 pm ET: SVXY ProShs Short VIX Short-Term 1.79% XLNX Xilinx Inc 1.54% USO(HB) United States OilRead More »
Credit cards, student loans, mortgages, car loans, personal loans: Most Americans have a combination of these sources of debt. The average American now has about $38,000 in personal debt, excluding home mortgages. "Despite recognizing that debt is dangerous waters, Americans are jumping in with both feet and struggling to stay afloat," says Emily Holbrook, director of planning for Northwestern Mutual.
A few years back, CNBC personality and former hedge fund manager Jim Cramer coined the FANG acronym. Last week, he replaced it with WANG stocks. The FANG acronym was supposed to encapsulate the market’s four big growth tech stocks that represented the
Ford (NYSE:F), one of the most celebrated names in business history, has been hammered so far this year, losing more than a third of its value since January 18. It is remarkable how far the once-mighty Ford has fallen. Ford’s total value is now substantially lower than Tesla (NASDAQ:TSLA), a company with a tiny fraction of Ford’s revenues, and whose CEO has been behaving erratically on social media and elsewhere all year.
Remember, don’t fight price! Here’s a look at our top stock trades for the week. Despite the rebound though, the coast is not all clear yet for IQ stock. If IQ can do so, a rebound up to the 50-day is in the cards.
While its peers in the telecommunications space are making big moves into new markets with headline acquisitions, Verizon Communications Inc. ( VZ) has been relatively quiet. "Fundamentals in U.S. wireless have turned the corner," wrote Deutsche Bank analyst Matthew Niknam in a note responding to Verizon's most recent quarterly results posted July 24. In the second quarter, investors applauded Verizon for posting earnings above the Street's estimates while growing overall revenue, including gains in wireless, despite the industry suffering from a long-lasting price war.
Industrial conglomerate General Electric (NYSE:GE) made headlines again this week — and not in a good way. GE stock dropped below $12 for the first time since July 2009. To put that in perspective, GE stock was a $30-plus stock at the beginning of last year. GE stock momentary stopped the bleeding when it dropped below $20.
J.P. Morgan now believes funding behind Tesla CEO Elon Musk's plan to go private was "not secured." The firm slashed its December price target for Tesla shares to $195 from $308.
Bill Gates is the second richest man in the world (after Amazon's Jeff Bezos), with a net worth of over just under $95 billion as of August 17, 2018, according to Forbes. Gates has since retired from the day to day functioning of Microsoft and focuses his efforts on his philanthropic causes through the Bill & Melinda Gates Foundation. The Foundation has a substantial portfolio of investments.
Financial planners say the following actions can help make your money last. Investors who haven't regularly rebalanced back to a target mix of stocks, bonds and cash probably have way too much of their portfolios in stocks. The right asset allocation depends on your income needs and risk tolerance, among other factors, but many financial planners recommend having a few years' worth of withdrawals in safer investments to mitigate the urge to sell when stocks fall.
Throughout the chip-making space, companies have successfully adapted to the changing needs of the consumer, including an increased demand for small, high-powered chips that enable “Internet of Things” (IoT) devices. For those that don’t know, the Internet of Things is the growing world of interconnected household and industrial devices. Everyday products and machines can now be embedded with sensor technology to process data or interact with other electronic devices.
Ben Jarman, an economist at JPMorgan Chase & Co. in Sydney, talks about the trade dispute between the U.S. and China. He speaks with Rishaad Salamat and Haidi Stroud-Watts on "Bloomberg Markets: Asia."
Ross Gerber, the chief executive officer of fund manager Gerber Kawasaki Inc. and one of the most outspoken bullish investors in Tesla Inc., told Bloomberg Television on Monday there’s “no doubt” that the electric-car maker needs a skilled operator to swoop in and help Elon Musk. When asked who he’d want, Gerber responded with a doozy of an idea: Apple Inc. CEO Tim Cook. “That logistical expertise is exactly what he did for Steve Jobs,” Gerber said of Cook, who was COO and interim CEO of Apple before succeeding the late co-founder when he died in 2011.
From an overall perspective, biotech stocks have enjoyed respectable gains this year. The sector exchange-traded fund SPDR S&P Biotech ETF (NYSEARCA:XBI) is up double digits since January’s opening session. That said, the market movement has been anything
There’s a reason why the investment world has gone gaga for passive indexing and exchange-traded funds (ETFs). After all, most actively managed mutual funds and other investment vehicles with a human touch tend to lag the broader market. There are actually plenty of active mutual funds that are beating broader indexes and their benchmarks by a wide margin.
BEIJING/SINGAPORE (Reuters) - Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic sanctions by the United States. The shift demonstrates that China, Iran's biggest oil customer, wants to keep buying Iranian crude despite the sanctions, which were put back after the United States withdrew in May from a 2015 agreement to halt Iran's nuclear programme. The United States is trying to halt Iranian oil exports to force the country to negotiate a new nuclear agreement and to curb its influence in the Middle East.
A backdoor Roth IRA conversion is a way of funding a Roth IRA account with a traditional IRA conversion instead of a direct contribution. People with relatively high incomes are unable to directly contribute to a Roth IRA. To get around this issue, they can make a non-deductible contribution to a traditional IRA, then perform a Roth conversion.
Shares of Ford Motor (F) have had a difficult year, falling more than 22% as a variety of headwinds buffet the automaker. The stock is trailing behind shares of both General Motors (GM) and Fiat Chrysler Automobiles (FCAU). Where we're headed: Ford needs to make a change.
Apple, Nvidia, and Alibaba, oh my! The three tech giants hogged the headlines on Monday, Aug. 20. Here's what you missed. Are You Smiling? Warren Buffett is, According to Brian Sozzi TheStreet's Brian Sozzi thinks that Apple Inc. was still showing
Shares of Apple (AAPL) have outperformed the broader market, the tech sector in general, and fellow FAANG components Facebook (FB) and Google parent Alphabet (GOOGL) since the start of the year in its journey to become the first company with a $1 trillion market capitalization. Where we were: Apple has risen 27.3% since the start of the year, nearly double the Technology Select Sector SPDR ETF's (XLK) 14.3% gain, and it's remained popular with smart-money players like hedge funds even when other tech stars have fallen out of favor. Where we're headed: Potentially lower, argues New Street Research, if iPhone sales disappoint next year.
Shares of Microchip Technology MCHP , Applied Materials AMAT and NXP Semiconductors NXPI all suffered recent declines, as has the SMH , the ETF that tracks semiconductors, which declined nearly 3 percent last week. Despite the carnage, one veteran tech investor says the space is now flush with cheap buys. The SMH semiconductor ETF's sell-off brought its price-to-earnings ratio down below 14 times forward earnings, nearing the two-year low reached in April.
The Dow Jones Industrial Average was on the brink of bursting out of correction territory for the first time in more than six months, underscoring some signs of renewed optimism on Wall Street. The Dow (DJIA)stands less than 0.5% shy of emerging from correction territory. This is the longest stint that the Dow has spent in correction territory since the 223 sessions in 1961, according to Dow Jones Market Data.
AT&T Inc. ( T) has continued its negative performance over the past couple of years, down 15% this year amid a broad underperformance in the telecom sector in general. Using a bit of reverse engineering Flannery found that AT&T is trading at “extreme valuation levels,” not only relative to its own historical value, but also to shares of competitor Verizon Communications Inc. ( VZ), according to Barron’s.
Bank of America (NYSE:BAC) has been a big winner under Donald Trump. Since shortly before the 2016 election, the stock has shot up 86%, while the Nasdaq is up just 36%. Since the Donald Trump tax cut came into effect, the bank has booked over $13.7 billion in net income. Analysts say Bank of America is growing in all the right ways, avoiding the scandals that took down Wells Fargo (NYSE:WFC), bringing its price to book over 1.2, after it spent the entire Barack Obama Administration under 1.
Last February, the stock market had a sharp correction from fears of runaway interest rates. In addition to the February market-wide fears, Exxon Mobil (NYSE:XOM) stock had its own reasons to fall over 20% from an earnings event. Furthermore, the bounce in XOM stock has merely been to recover half of the first quarter 20% correction.