Sergii Kharchenko | NurPhoto | Getty Images Apple will suffer as consumers are increasingly less willing to buy expensive smartphones, according to one Wall Street firm. Nomura Instinet reaffirmed its neutral rating on Apple shares, predicting the company will report iPhone unit sales below expectations this year. "Our demand checks suggest little improvement in iPhone demand in 2018. Corresponding supply chain downticks suggest iPhone expectations have yet to bottom," analyst Jeffrey Kvaal wrote in a note to clients Monday. There are "further signs of trouble at the high end of the market. … One factor that is likely suppressing the smartphone market is price. We see several indications the
Through its John Deere brand, Deere & Company is a leading manufacturer of agricultural, construction, and forestry machinery. Deere & Company shares have surged about 45% over the past year, significantly outpacing its industry peers. Region wise, equipment net sales increased 24% in the United States and Canada, and 33% in the rest of the world.
Shares of a software company that bought assets of Hewlett Packard Enterprise (HPE) toppled more than 50 percent on Monday after the company cut its revenue forecast and its chief executive resigned. U.K.-based Micro Focus International said it now expects revenue to fall anywhere between 6 and 9 percent for the twelve months ending October 31, 2018, significantly lower than the 2 to 4 percent decline it predicted in its interim January results. This was due largely to "one-off transitional effects" of the firm's $8.8 billion takeover of HPE's software assets last year, and issues associated with the implementation of a new IT system, Micro Focus said. HPE was formed in late 2015 as a result of the split of HP into two companies.
Tesla Inc. may be falling short of its production goals for the Model 3, but investors may not necessarily care, analysts at Consumer Edge said in a note Friday. Tesla TSLA, -1.31% likely will be making 2,000 Model 3 sedans a week by the end of this month, below its target of churning out 2,500 of the key mass-market vehicles, said the analysts, led by James Albertine. Consumer Edge recently hosted meetings with Tesla executives, and the potential Model 3 production miss was one of its “key takeaways” after the discussions, the analysts said. Related: Ford finally gets ‘buy’ rating from Morgan Stanley, after 4 years of bearishness Consumer Edge kept its buy rating on Tesla unchanged, with a
It used to be conventional thinking that you retire at age 65. This is the age at which you can begin Medicare. You can also take Social Security then, although the age at which full retirement benefits begin is 66 for those born between 1943 and 1954, rising gradually to 67 for those born after 1959. And you can start receiving permanently reduced benefits at 62. There's also another age to be aware of: 70½. This age triggers the rule that you must begin to take required minimum distributions (RMDs) from both any qualified retirement plans from work [401(k)s, for example] that you own and from any traditional IRAs. (Roth IRAs do not have required minimum distributions in the account holder's
Since December 2016, the S&P 500 has climbed more than 21%, while the Dow Jones Industrial Average is up more than 25%. General Electric Company (NYSE:GE) stock is down nearly 55% during that time. Things just look very bleak for GE stock right now.
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are under pressure early Monday as investors shrugged off Friday’s bullish reaction to a “60 Minutes” segment on Saudi Arabia while shifting their focus to rising drilling activity in the United States, which pointed to further increases in output. At 0707 GMT, May WTI crude oil is trading $62.17, down $0.24 or -0.38% and June Brent crude oil is at $65.75, down $0.30 or -0.45%.
Berkshire Hathaway Inc. Chief Executive Warren Buffett makes less than twice the company’s typical employee, the conglomerate said in a filing Friday. Buffett has earned a $100,000 salary for decades, and receives no bonus or other compensation. Berkshire said its median employee received $53,510 in 2017, or a ratio of 1.87 to 1. Berkshire’s second in command, Vice Chairman Charles T. Munger, has also received a $100,000 salary and no other compensation for years. Earlier on Friday, Boeing Co. BA, +0.15% reported its CEO made more than $18 million in compensation last year, resulting in a CEO-pay ratio of 166 to 1, and PepsiCo Inc. PEP, -0.31% said its CEO made more than $31 million, or a ratio
Facebook FB launched Express Wi-Fi app on Google Play Store that will help users to locate nearby Wi-Fi networks and buy data packs, reports TechCrunch.While the company’s Express Wi-Fi service is already live in five countries namely India, Kenya, Tanzania
Advanced Micro Devices, Inc. (NASDAQ:AMD) has been hit by another security scare, this time a report from CTS Labs. The Israeli company detailed 12 “critical flaws” in its Ryzen chips, and gave AMD only 24 hours notice before publication. It couldn’t have helped but affect AMD stock.
The company is currently developing several candidates in the field of immuno-oncology based on its ZVex and GLAAS platforms. The company’s key pipeline candidates are CMB305 and G100. CMB305 is being evaluated in soft tissue sarcoma patients both as a monotherapy (phase I) and in combination with Roche’s RHHBY anti-PDL1 cancer immunotherapy —Tecentriq (phase II).
The EUR/USD has reached 1.2257 and bounced just above W L3 level 1.2246. At this point the W L3 holds the pair from further drop as it makes a confluence with D L3 level. If we see a retracement, pay attention to 1.2305-20 the POC zone. The EUR/USD might
Find out how the interbank compares with the technicals at 8 AM GMT. These are the Daily Trading Signals. Euro/Dollar’s hourly indicators are mixed, but both the mid and long term models are mostly red. Interbank sentiment is neutral at less than 10%
Geron Corporation GERN reported a loss of 5 cents per share for the fourth quarter of 2017, which was wider than the Zacks Consensus Estimate of a loss of 4 cents and flat with the year-ago period. Quarterly revenues surged 103% to $0.19 million from the year-ago quarter. Revenues, however, missed the Zacks Consensus Estimate of $1 million.
Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Union Pacific Corp. UNP, Kansas City Southern KSU,Canadian Pacific Railway Ltd. CP, CSX Corp. CSX and Norfolk Southern Corp. NSC. Will the Bull Run Continue for Freight Railroad Stocks?
Ankur Jain, Kairos founder and CEO, discusses how his start-up, Rhino, plans to revolutionize the rental market by replacing one-time security deposits with affordable monthly fees.
Twitter will ban advertisements for several kinds of cryptocurrency products and projects. The policy, according to Sky News, would go into effect in two weeks and would block ads for initial coin offerings, token sales, and cryptocurrency wallets. It could also encompass a ban on ads for cryptocurrency exchanges.
This gives us a good chance to take “stock,” especially with regard to this week’s strongly anticipated Federal Reserve meeting, where interest rates are expected to tick up another quarter percent, to a 1.50-1.75% range. Nasdaq, on the other hand, has more recently surmounted its all-time highs, closing a week ago just a few points shy of 7600. Led largely by forward-looking positive results in Q1 earnings season (set to report with high volume about 4 weeks from now), FANG stocks such as Facebook FB and Apple AAPL, as well as artificial intelligence firms like Nvidia NVDA, helped push the tech-heavy Nasdaq to to new heights.
The listing is expected to give the firm extra financial muscle as it squares off against rivals in the Chinese market, including Alibaba Group Holding Ltd's (BABA.N) service Youku Tudou Inc. It plans to offer 125 million American depositary shares priced at $17 to $19 each, the company said in a filing to the U.S. Securities and Exchange Commission. IQiyi, which will list on the Nasdaq, said it expects to use about half of the proceeds to broaden and enhance its content offering while 10 percent would be earmarked to strengthen technology.
Economist Mickey Levy has a very positive perception of the current U.S. economy and where it’s headed, as GD is up 3% this year, although it’s slated to decline in 2019. Southwest Airlines Co (NYSE:LUV) is in hot water over a flight fiasco, while AT&T Inc. (NYSE:T) and Twitter Inc (NYSE:TWTR) are facing major changes moving forward. The company has been trying to make a merger with Time Warner Inc (NYSE:TWX) happen, but the government stands in the way of such a move, which could have a massive effect on the market and regulators.
Telecommunication services and broadband provider AT&T Inc. (NYSE: T) shares of AT&T trade at 1.43x sales and 1.71x book at a 7.77 price-to-earnings ratio. The following are the top four largest mutual funds holding shares of AT&T. Vanguard Total Stock Market Index Fund (VTSMX) The largest mutual fund holder, Vanguard Total Stock Market Index Fund ("VTSMX"), owns 150,263,262 shares. This mutual fund was created in 1992 and designed to give broad exposure to the total US. stock market by including small-cap, mid-cap and large-cap growth and value stocks. It has $681.9 billion in net assets invested in 3,620 stocks. AT&T shares represent the 15th-largest portfolio holding at 0.79% of the total
Walmart this morning announced a partnership with home services provider Handy, which will allow customers to purchase in-home installation and assembly assistance in over 2,000 of Walmart's stores. News of the deal follows IKEA's recent launch of its own in-home assembly service through TaskRabbit. It will also challenge Amazon's growing Home Services business, which includes assembly and installations, among other things. Now Handy will be able to sell its services directly to Walmart shoppers who need help with the installation or assembly of a large purchase like a couch or a new TV, for example.
Here are some of the companies with shares expected to trade actively in Monday’s session. Stock movements reflect premarket trading. —Down 4.3%: The social-media giant ignited a firestorm over how it manages third-party access to its users’ information, after the social network said a firm with ties to the 2016 Trump campaign improperly kept data for […]
Facebook shares tumbled 7.1 percent on reports that a political consultancy that worked on President Donald Trump's campaign gained inappropriate access to data on more than 50 million users, sparking broader concerns about data privacy and security. Amazon, Apple, Netflix and Alphabet – members of the so-called FAANG group of stocks, along with Facebook – were down between 1.7 percent and 7.2 percent.