Last week, Baidu Inc (ADR) (NASDAQ:BIDU) announced that its Chief Operating Officer, former Microsoft Corporation (NASDAQ:MSFT) executive Qi Lu, would be stepping down as COO and transitioning to more part-time duties at BIDU. The market seems to think that the Lu exit is a big deal. Ever since that announcement, BIDU stock has dropped nearly 15%, equating to a $12-billion drop in market value.
Sometimes, the stuff that people say about early retirement (and early retirees) is terrible. It is assumed that early retirement is the end of productive life and that unless we’re swimming in millions in cold hard cash, early retirement will eat us alive. As I said in my one-year early retirement performance review, early retirement is all that it’s cracked up to be.
Nvidia Corp. ( NVDA) stock has been one of the hottest stocks in the market with shares up by nearly 26% in 2018, and over 75% during the past year. The optimism in the stock comes after the company reported blowout fiscal first quarter 2019 earnings of $2.05 per share, nearly 24% better than analysts’ estimates of $1.66. Additionally, revenue came in at $3.207 billion, over 11% better than analysts’ estimates of $2.881 billion.
Oil prices recovered some ground Wednesday after a surprise jump in U.S. crude inventories, which added another headwind to oil markets following suggestions that OPEC might increase production. The Energy Information Administration said domestic stockpiles
Wall Street equity research is supposed to be a value-add to clients. But, one has to wonder what value analysts are providing to their trading desks on struggling General Electric . In fact, one has to wonder how many clients have been hurt by wrong
Orders for the mining machines and construction bulldozers made at this sprawling Caterpillar Inc. factory in central Illinois have jumped, in general, three-fold over the past year. Years of watching Caterpillar and other big manufacturers cut inventories, close plants and axe workers in the last downturn has embedded caution in Kirsh's ambition to expand after the surge in orders, reflecting a more fundamental shift in how many industrial businesses view expansions, according to interviews with Caterpillar executives, more than a half-dozen Caterpillar suppliers and U.S. economic data. "I just wasn't sure it was real," said Kirsh, speaking from a windowless office at the front of Kirsh Foundry Inc., in Beaver Dam, Wisconsin, which makes metal parts for Caterpillar and other customers.
Jim Cramer uses Amazon's stock to explain why buying broken stocks can boost investors' earnings.
A stock that until last week wasn’t covered by a single analyst has rallied 70 percent since May 16 for no apparent reason, at one point generating more turnover than some 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 $135 million worth of shares exchanged hands on May 17, making it the fifth-most traded stock in Hong Kong and surpassing giants including HSBC Holdings Plc, PetroChina Co. and Bank of China Ltd., which are more than 20 times as valuable.
Shares of General Electric Co. plunged in very active trade Wednesday, putting them on track for the biggest selloff nine years, with losses accelerating after Chief Executive John Flannery started talking at an industry conference. The industrial conglomerate’s stock (GE) closed down 7.3%, enough to pace the Dow Jones Industrial Average’s (^DJI) losers.
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.
President Donald Trump has crowed about dismantling the Affordable Care Act, even as he has failed to repeal it. One group of health-care consumers have had a rough go during the last several years: The 6.7 million Americans who aren’t covered by an employer, who buy insurance on the individual market and who earn too much money to qualify for subsidies under the ACA. Trump wants to help people trim their health-insurance bill, and he has introduced several measures that will help — but only for people who don’t get hurt or sick.
The law firm founded over a decade ago by the attorney taking on Donald Trump and his longtime fixer Michael Cohen on behalf of an adult film star got socked with a $10 million judgment in an unrelated dispute with a former law colleague. A federal bankruptcy judge in Santa Ana, California, granted a motion for judgment Tuesday against Michael Avenatti’s former law firm, Eagan Avenatti LLP.
With nothing more than a quick glance at the headlines, one might conclude it’s just another case of the analyst community playing a game of “chicken,” with NVIDIA Corporation (NASDAQ:NVDA) serving as the proverbial guinea pig. Who’s willing to set the highest target price for NVDA stock. Cowen analyst Matthew Ramsay is the current leader of that contest, by the way, raising his target to $325 per share last week.
While Teva Pharmaceutical Industries Ltd (ADR) ADR (NYSE:TEVA) faded from last Wednesday highs, shares ultimately climbed about 3% that day. No, it wasn’t earnings or a new drug that gave TEVA stock a bump. Instead, it was Warren Buffett.
One stock that might be an intriguing choice for investors right now is Albemarle Corporation ALB. This is because this security in the Chemical - Diversified space is seeing solid earnings estimate revision activity and is in great company from a Zacks Industry Rank perspective. Meanwhile, Albemarle is actually looking pretty good on its own too.
In order to identify breakout stocks, you must first determine their resistance and support levels. A resistance level is the barrier which must be broken so as to be identified as a breakout stock. Meanwhile, a support level is the floor for the stock’s movement.
Uber plans to offer all its European drivers an upgraded version of the health insurance it already provides in France in a drive to attract independent workers and fend off criticism over their treatment. The San Francisco-based taxi app, which tied up with insurer AXA last year to offer French drivers accident cover, said the scheme will include other European countries and a maternity/paternity payment from June 1. Uber's new chief executive Dara Khosrowshahi is scheduled to meet French President Emmanuel Macron on Wednesday, ahead of so-called "Tech for Good" workshops with the heads of tech giants Facebook, Microsoft and IBM.
Harold Hamm, Continental Resources CEO, talks to CNBC's Brian Sullivan about rising oil prices.
Consumer staples stocks have taken a bit of a beating this year, struggling even more than the rather sluggish performance of the broader market. As for the top three holdings in the XLP, Coca Cola is down 7.6%, PepsiCo is down 16.2%, and Procter & Gamble is down 19.3%.
The hubs will also have help desks where drivers--who are independent--can connect with Lyft employees, as well as provide access to services like oil changes and basic maintenance at a greatly reduced price, Lyft COO Jon McNeill said Wednesday. The end goal, Lyft says, is to lower the operating cost for driving. The investment is notable, considering that Lyft drivers are not considered employees.
Are you a medical practitioner? Yes, then you must be aware of Dublin, Ireland-based one of the world’s leading medical technology giant Medtronic plc MDT which has a global reach that extends to more than 150 countries. Last year, more than 65 million
Hewlett Packard Enterprise Co (NYSE:HPE) has announced the financial results for its second quarter revealing that it managed to outperform the performance figures projected by analysts. The tech company announced its Q2 earnings on Tuesday revealing that it secured a revenue of $7.5 billion during the quarter and its net earnings per share for the quarter was 34 cents. The company managed to surpass Wall Street’s revenue estimate of $7.38 billion and earnings per share estimate of 31 cents.
Netflix, Inc. (NASDAQ:NFLX) shares are a coiled spring about to pop. Let’s chronicle the recent action in the tech sector and identify how to best capitalize on the resolution of Netflix’s triangle formation. Since reclaiming the high ground above the 50-day moving average, the tech-laden Nasdaq has been in a holding pattern.
As the school year comes to an end, parents are nudging their restless high schoolers to find a summer job. Unsurprisingly, babysitters, camp counselors, and teaching roles top the list of most common summer job postings on search engine Indeed. The top three metros with the highest share of summer job postings are in places normally associated with cold weather,” said Daniel Culbertson, an economist at Indeed’s Hiring Lab who spearheaded the new report.
Shares of Valero Energy Corporation (NYSE: VLO) have been on quite a tear over the past few months. VLO stock is now up over 40% since making a low of $86.77 in early February. Now that oil is looking topped out after a major move higher, I look for oil stocks like Valero to follow suit and pull back over the coming weeks.