Wednesday was the 16th anniversary of Netflix's initial public offering. A $1,000 investment made at the stock's first-day closing price would be worth nearly $300,000 today. Wednesday was the 16th anniversary of Netflix's initial public offering, and an investor buying in then would have made a very impressive return over the years.
General Electric GE shares have been in free fall, but options traders are betting on a resurgence ahead. The stock has plunged to near-decade lows this year, down 47 percent over the last 12 months. On Thursday, shares of General Electric jumped nearly 3 percent setting off a surge in bullish trading activity, with call options doubling that of puts.
Marvell Technology Group Ltd.’s MRVL previously announced acquisition of Cavium CAVM moved a step closer after the Committee on Foreign Investment in the United States (“CFIUS”) cleared the deal of any type of unresolved national security concerns. Notably, CFIUS is a government committee in charge of reviewing economic transactions by foreign entities. In November 2017, the two companies entered into an agreement wherein Marvell agreed to acquire Cavium in a cash-stock deal worth $6 billion.
One big problem is uncertainty surrounding some of the new rules, especially as they relate to the taxation of international profits. The old tax law had many problems, Gleckman writes, but the flawed system at least provided the certainty that many businesses say they need to plan new capital spending. Numerous critics have pointed out that the promised surge in domestic investment as a result of the corporate tax cut has yet to materialize, and Gleckman thinks that uncertainty over how the new rules will work in practice and the possibility that they may see substantial adjustments in the near future are leading companies to sit on the cash or simply return it to shareholders through dividends and buybacks.
The Meghan Markle effect has spread to yellow gold jewelry, helping boost United States sales in the first quarter of 2018 with further gains expected, jewelers said. The first three months of the year were the strongest first quarter for gold jewelry demand in the United States since 2009, according to the World Gold Council. Sellers say that is due in no small part to the public's fascination with American actor Meghan Markle, who was engaged to Britain's Prince Harry last November and who married him in a dazzling ceremony on Saturday.
Forced into early retirement? How to make the best of a bad situationGetty Images/iStockphotoAbout 60% of retirees didn’t plan to retire when they did.DMAMBMCMDMEMGPREVIEWZBZBRZDZDRZFZGZQZRZSZTZUDave Bernard planned on retiring at age 62. But in early
Oil prices fell more than $2 per barrel on Friday as Saudi Arabia and Russia discussed easing production cuts that have helped push crude prices to their highest since 2014. Brent crude futures (LCOc1) fell $2.35, or 3 percent, to settle at $76.44 a barrel. U.S. West Texas Intermediate (WTI) crude (CLc1) slumped $2.83, or 4 percent, to finish at $67.88 a barrel.
Which stocks are millennial investors buying? It used to be tough to stay but ever since the trading app Robinhood went viral, with its zero-commission trading structure, we can now easily see what millennial investors are buying. Because Robinhood is essentially all millennial investors.
A month has gone by since the last earnings report for QUALCOMM Incorporated QCOM. Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Qualcomm reported healthy financial results for second-quarter fiscal 2018 (ended Mar 25, 2018), supported by better-than-expected performance in semiconductor business and lower operating expenses.
Year-to-date, Wells Fargo & Co (NYSE:WFC) stock is lagging the group, down 10% while other bank stocks like Bank of America Corp (NYSE:BAC) and JPMorgan Chase & Co. (NYSE:JPM) are 10 points better off. WFC stock so far has been able to withstand selling pressure from tremendous market-wide fears, its own inflammatory headlines and tremendous global volatility, and has remained in line with price expectations.
Barron's has previously discussed how mergers and acquisitions will be a theme for pharma and biotech. With Takeda Pharmaceutical’s (4502.Japan) deal to buy Shire (SHPG), Leerink's Geoffrey Porges takes a look at what other deals could come to fruition. If companies chose to borrow to make acquisitions, that wouldn't be a problem either, he argues, as the group could collectively borrow another $460 billion if the industry returned to its peak leverage ratios, and the biggest companies could easily absorb any acquisitions with little debt worries, especially with synergies.
A stock that until last week wasn’t covered by a single analyst has rallied 55 percent since May 16 for no apparent reason, generating more turnover than most of Hong Kong’s biggest companies. The sudden gains have made Alibaba Health Information Technology Ltd. -- a subsidiary of Chinese megacap Alibaba Group Holding Ltd. -- easily the best performing stock on the MSCI Asia Pacific Index this month. Some $167 million worth of its shares exchanged hands in Hong Kong on Thursday, the most since 2015 and surpassing the likes of PetroChina Co. and Bank of China Ltd. Trading was almost twice as much as HSBC Holdings Plc. Those three giants are at least 20 times as valuable as the Alibaba unit.
The Trump administration has launched a national security investigation into car and truck imports that could lead to new U.S. tariffs similar to those imposed on imported steel and aluminum in March. The national security probe under Section 232 of the Trade Expansion Act of 1962 would investigate whether vehicle and parts imports were threatening the industry's health and ability to research and develop new, advanced technologies, the Commerce Department said on Wednesday. Higher tariffs could be particularly painful for Asian automakers including Toyota Motor Corp , Nissan Motor Co , Honda Motor Co and Hyundai Motor Co , which count the United States as a key market, and the announcement sparked a broad sell-off in automakers' shares across the region.
May.24 -- Fei Deng, Edgeworth Economics partner, discusses Qualcomm Inc.'s bid to acquire NXP Semiconductors NV with Bloomberg's Ed Hammond on "Bloomberg Markets."
The Boeing Company BA recently secured a modification contract worth $416.4 million for the full-rate production of three P-8A multi-mission maritime aircraft of the 9th lot. The contract was awarded by the Naval Air Systems Command, Patuxent River, MD. Per the terms of the deal, Boeing will manufacture and deliver the jets to U.S. Navy.
Market Taker Mentoring's Dan Passarelli discusses his options play for Ford Motor Co. with Bloomberg's Julie Hyman on "Bloomberg Markets." More from Bloomberg.comTrump Welcomes ‘Warm’ North
A month ago, Pfizer Inc. (NYSE:PFE) felt the sting of a somewhat surprising disappointment. Its biosimilar version of Herceptin, the popular breast cancer drug from Roche Holding AG (OTCMKTS:RHHBY), was rejected by the FDA.Biosimilar drugs are nearly-identical copies of a competitor’s product. It was a blow not just because Herceptin generated sales of more than $7 billion last year, but because it put the viability of Pfizer’s entire biosimilar program into question.
A couple of weeks ago, I pointed out three compelling Artificial Intelligence (AI) stocks you may not have even known about. There are certainly more than three such artificial intelligence prospects though. Most investors fully understand that Nvidia Corporation (NASDAQ:NVDA) makes the hardware that powers most AI applications while International Business Machines Corporation (NYSE:IBM) is arguably doing the most to put artificial intelligence to practical use.
The " Fast Money " traders shared their first moves for the market open. Tim Seymour was a buyer of Lennar LEN . Steve Grasso was a buyer of Alibaba BABA . Karen Finerman was a buyer of Foot Locker FL . Dan Nathan was a buyer of Disney . Trader
Amazon.com Inc. ( AMZN) is known to enter a market, disrupt it and dominate it. Amazon Flex is the Seattle, Washington-based e-commerce giant’s crowdsourcing delivery program in which it will pick up third-party merchants packages from warehouses and handle delivery to customers. It's something UPS and FedEx often do for the online retailer.
Delta Air Lines Inc. will resume flights to Mumbai, following an agreement between the U.S. and two Persian Gulf countries over government subsidies to their state-owned carriers. The India service would begin next year, subject to government approval, Delta said in a statement Thursday. The Atlanta-based airline didn’t disclose what U.S. cities would get the nonstop flights.
Johnson Controls International Plc is drawing interest from private equity firms KKR & Co. and Apollo Global Management LLC for its power solutions business that could value the unit at as much as $12 billion, people familiar with the matter said. The firms were part of a select group of financial sponsors, which also included CVC Capital Partners and Advent International, that were invited to what’s known as a gold card meeting with Johnson Controls management last week to assess their interest in the unit, the people said. Representatives for Johnson Controls, KKR, Apollo, CVC and Advent declined to comment.
Actively managed equity-income funds tout their ability to put together a portfolio of stocks that offer above-market dividend yield while avoiding riskier stocks. Chasing yield can be dangerous because the highest-yielding names are more likely to have weak or deteriorating fundamentals than lower-yielding stocks, which could lead to dividend cuts. More importantly, the market identifies firms with declining fundamentals, and these stocks' prices reflect their slumping prospects ahead of them reducing or eliminating their dividend payments.
The C-C-Craze for some of the riskiest corporate credits has gone too far, according to Goldman Sachs Group Inc. Bonds in the CCC category -- just two notches above default -- have returned a whopping 330 basis points in total this year, according to Bloomberg index data. Meanwhile, Goldman’s preferred valuation measure of corporate credit, which subtracts their projected expected-loss rates from current spreads, shows U.S. high-yield obligations are now mispriced for even the most benign scenarios.