2018 is just about over, in the minds of some investors. "We expect investors will soon look past 2018 and focus on 2019 growth," says Goldman Sachs strategist David Kostin. "For many years, beginning in July investors would start to value stocks
Last April, I pondered whether Ford Motor Company (NYSE:F) could afford to buy Tesla Inc (NASDAQ:TSLA). For the sake of Ford stock, here’s why I think Ford absolutely should buy Tesla. First, I should probably revisit some of my thoughts regarding the viability of Ford buying Tesla and what’s changed over 13 months.
The CBS news magazine 60 Minutes will lead its show Sunday with a segment on “The Power of Google,” and promises to talk to the company’s critics, who say it stifles competition, as well as the European Union’s antitrust chief. Shares in Google’s parent company, Alphabet Inc., dipped about 1.7 percent in early trading Friday after the news was announced. Google, along with other U.S. tech giants like Facebook Inc., Apple Inc. and Amazon.com Inc., have come under scrutiny in recent months for becoming too big, and too dominant in many aspects of people’s daily lives.
Financial advisor Ted Jenkin, CEO of Oxygen Financial, discusses what consumers need to think about as the Federal Reserve raises interest rates this year.
While many hopeful retirees are celebrating their new status as millionaires, experts warn that $1 million is a drop in the bucket compared with what they are going to need. According to Fidelity Investments, the number of 401 (k) plans with a balance of $1 million or more jumped to a record 157,000 in the first quarter, up from 108,000 last year. Much of the 401 (k) balance surge is due to the “Trump bump” and market highs over the past 12 months.Rebecca Walser, tax attorney and author of “Wealth Unbroken,” urges people to keep saving and not focus solely on retirement account balances.
Starbucks today announced that it is now official policy to allow all guests in its stores to use its facilities, including restrooms, whether they buy anything or not. The coffee chain had previously lacked a clear policy on the question. That ambiguity
"Alexa, order me my Lipitor" are five words that could prove financially devastating to pharmacies such as Walgreens Boots Alliance , CVS Health and Rite Aid . With Wall Street waiting on pins and needles to see how Amazon will enter the healthcare
Russian oligarch Viktor Vekselberg has cut his holdings in Swiss companies OC Oerlikon and Schmolz + Bickenbach after a deal with minority shareholders and managers at his holding group, one of his companies said on Friday. The arrangement was made after Vekselberg was placed under sanctions in a crackdown by the United States on President Vladimir Putin's inner circle as retaliation for alleged Russian interference in the 2016 U.S. election. Vekselberg has reduced his stake in engineering firm Oerlikon to 19.9 percent, a spokesman for the billionaire's Renova Holding said, down from 43 percent previously held by various entities connected to him.
Sometimes you forget how hard technology investing is. Given the long lead times of the business, you can't expect the orders to bounce back soon, especially because they are connected to cellphone which are very weak. , but these stocks all trade together, particularly Lam and Applied Materials so you will have to suffer for incorrect sins.
The largest proxy advisory firm is recommending that investors reject two of Tesla Inc.’s board members, while also supporting a proposal to split the role of chairman and chief executive officer -- jobs now held by Elon Musk, the public face of the electric-car maker. By opposing directors Antonio Gracias and James Murdoch, and seeking to install an independent chairman, Institutional Shareholder Services is ratcheting up the pressure on Tesla to reform its nine-member board in the wake of production delays on its mass-market Model 3. "Shareholders would benefit from the strongest form of independent board oversight in the form of an independent chair," ISS wrote in a report to clients.
Baidu’s stocks took a hit earlier today after the company announced that its Qi Lu is stepping down his job as President/COO after just a year and a half. “Baidu is a great company with strong talent and deep technologies,” Lu said in the statement. The former Microsoft executive, who will maintain his position on Baidu’s board, was seen as the driving force in the company’s AI ambitions, leading the charge into self-driving cars and other emerging technologies.
For U.S. states ready to legalize gambling, banks hold many of the cards. The Supreme Court ruled this week that states can allow betting on individual sporting events, but gamblers who want to place those wagers using a credit card face a major hurdle: The largest U.S. issuers, including JPMorgan Chase & Co., Citigroup Inc. and American Express Co., don’t yet allow their cards to be used for sports gambling. “We will closely watch developments from the ruling and will consider any implications to our policy as the states put their own processes in place,” Mary Jane Rogers, a spokeswoman for JPMorgan, said in an emailed statement.
NVIDIA Corporation (NASDAQ: NVDA) reported earnings last Thursday and it came as no surprise that they were way better than expected — again. NVDA makes graphics processing units (GPUs), basically chips and cards that are built for processing images and data very quickly. This used to be a niche market and the big chip makers had a large share of the laptop and desktop market because not everyone was looking for a killer graphics card.
A lackluster quarterly-earnings report from Cisco Systems Inc. ( CSCO) may spell good news for its competitors in the the computer hardware space, according to one team of analysts on the Street. Erik Suppiger of JPM Securities, who rates legacy computer
Pfizer Inc. PFE announced that a phase III study evaluating its epilepsy drugLyrica (pregabalin) in pediatric patients met the primary endpoint. The study was evaluating the use of Lyrica Oral Solution CV as adjunctive therapy for partial onset seizures in pediatric epilepsy patients one month to less than four years of age, an indication for which Lyrica is not yet approved. Top-line results from the study showed that adjunctive treatment with Lyrica 14 mg/kg/day resulted in a statistically significant reduction in seizure frequency versus placebo which was the primary efficacy endpoint.
JetBlue Airways Corp. is promoting Joanna Geraghty to president, tasking her with running day-to-day operations while freeing up Chief Executive Officer Robin Hayes to focus on long-term planning. Geraghty, 45, will also oversee the airline’s commercial team, JetBlue said in a statement Friday. Hayes, 51, will manage efforts to improve profit margins and the company’s expansion into related travel and vacation businesses.
Friday, May 18, 2018The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Walmart (WMT), AT&T (T) and Novo Nordisk (NVO). These research reports
Europe's new data and privacy rules take effect a week from Friday, clarifying individual rights to the personal data collected by companies around the world for targeted advertising and other purposes. Years in the making, the rules are prompting companies to rewrite their privacy policies and in some cases, apply the European Union's tougher standards even in the U.S. and other regions where privacy laws are weak. Although they take effect as Facebook faces an enormous privacy crisis , that timing is largely coincidental.
Square customers are treating the payment company's Cash app more like a bank account than the company intended, and CEO Jack Dorsey says while it wasn't a goal, he plans to "lean into" the trend. "People are using this as their primary banking account, and in some case it's their only bank account," Dorsey says. The company had 7 million active customers on its money-transfer app in December alone, and Nomura Instinet says the app is growing faster then PayPal's Venmo.
It took a couple of years, but Apple has started to pay back illegal tax benefits to the Irish government. Apple has to pay $15 billion in total (€13 billion). In August 2016, the European Commission said that Apple benefited from illegal tax benefits in Ireland from 2003 to 2014.
One can dream, right? There has been a whopping $1.85 trillion in global M&A so far in 2018, according to Dealogic, from 12,659 total deals. But there are three deals that would make some serious headlines. Amazon Buys Sears This seems unorthodox
It has been a busy week for retailers, with industry giants from Macy’s M to Nordstrom JWN all reporting their first quarter earnings results. Shares of Macy’s surged over 11% on Wednesday after the company topped both top and bottom line estimates, and raised its full-year earnings guidance. Meanwhile, fellow department store power Nordstrom did not perform as well and saw its stock price sink nearly 10% through morning trading on Friday after its comps climbed only 0.6%.
Credit Suisse Group AG is seeking to grow its market share for a type of derivative that’s gaining favor among investors as a way to wager on corporate debt. The lender hired Guillaume Sivadier from JPMorgan Chase & Co. earlier this year to oversee the effort, said the people, who asked not to be identified because they’re not authorized to speak about it. The initiative is intended to round out the firm’s credit derivatives business and capitalize on demand for products that dealers and investors say is growing.
Former head of J.P. Morgan's blockchain operation says banks like her former employer could get into the cryptocurrency business imminently . "I think it's coming sooner than people probably think," says Amber Baldet, Former head of J.P. Morgan's blockchain arm. Former head of J.P. Morgan' JPM s blockchain arm is no longer on Wall Street.