The best blue-chip stocks to buy for 2018 can anchor your portfolio and give you some peace of mind. After a nine-year rally, investors can protect their downside potential by buying large, diversified, quality businesses with long track records of excellence, world-renowned brands, and a willingness to pay dividends. Apple is a must-own in most diversified portfolios and is extremely well-positioned to be the world's first $1 trillion company.
Republican leaders reached an agreement on their final tax bill on Wednesday, making it look more likely that tax reform will be passed before the end of the year. This final bill is the product of a conference committee to reconcile differences between the House and Senate versions that Republicans in those chambers passed. Tax reform is being billed as a boon for America's middle class by Republicans and the White House.
Tesla (TSLA) has had trouble with production delays--remember when they were making cars by hand?--but now that those issues are finally being resolved, the stock could rocket higher, at least for a while, says Morgan Stanley. Analyst Adam Jonas and his team reiterated an Equal Weight rating and $379 price target on the stock Friday. That said, he sees the potential for the stock to be much higher. Jonas writes that while the market is starting to discount the "very high likelihood" that the production bottleneck in Nevada will be resolved, potentially as soon as the middle of the first quarter of next year, investors may be "seriously underestimating" the positive impact of Tesla's working capital
Delta Air Lines has agreed to a firm order for 100 Airbus A321neo jets. Delta Air Lines announced a firm order for 100 Airbus A321neo airliners on Thursday with a list value of $12.7 billion. "This is the right transaction at the right time for our customers, our employees, and our shareholders," Delta CEO, Ed Bastian said in a statement.
President Donald Trump and the Republican Congress will likely pass tax reform in the near future. House and Senate negotiators have reached a deal on a tax plan, moving the GOP closer to its goal of passing a sweeping tax overhaul this year, Senate Finance Committee Chairman Orrin Hatch said Wednesday. The Republican deal features a corporate tax rate reduction to 21 percent from 35 percent, starting in 2018, and a top individual rate of 37 percent, CNBC and other outlets reported.
(Reuters) - CSX Corp's shares tumbled on Friday in premarket trading after the No. 3 U.S. railroad said Chief Executive Hunter Harrison was taking medical leave for unexpected complications from a recent unspecified illness. The leave comes amid
Along with OPEC’s production cut extension agreement, the tax reform bill will provide a breather to energy players. Meanwhile, President Trump applauded the move and is content with the 21%. The Energy sector has long been a major tax payer with a median tax rate of 36.8% for the last 11 years, as per the corporate tax calculator of MarketWatch.
Shares of Alibaba (BABA) are lower this morning, but MKM Partners doesn't think the stock will be down for long. Analyst Rob Sanderson reiterated a Buy rating and $200 price target on the stock Friday, writing that Alibaba still has the best fundamentals among its mega-cap peers, and that the recent selloff is a buying opportunity. He attributes the weakness in the shares to sector rotation out of large-cap internet stocks, lower Asian stocks in general, and data from the National Bureau of Statistics of China that showed online sales of physical goods decelerated by 600bps (to 21%) from October to November. That may sound bad, but he argues that the data is volatile, and Alibaba reported 39% year-over-year
Federal Reserve Chair Janet Yellen sheds light on how investors should think about stock market valuations. For some time, the Federal Reserve has been acknowledging that stock market valuations are high. Fed Chair Janet Yellen reiterated this during a Q&A session at the end of the Federal Open Market Committee (FOMC) meeting on Wednesday.
Dec.15 -- Joseph Lubin, Ethereum co-founder, discusses the company's blockchain technology and the future of digital currencies with Bloomberg's Julia Chatterley and Scarlet Fu on "Bloomberg Markets."
The deal brings to a close more than half a century of expansion by Murdoch, 86, who turned a single Australian newspaper he inherited from his father at the age of 21 into one of the world's most important global news and film conglomerates. The new, slimmed down Fox will focus on TV news and sport. Early indications are that the deal will not face strong resistance from antitrust regulators as AT&T Corp's bid to acquire Time Warner Inc has done.
Ripple's XRP overtook bitcoin cash to become the third most valuable cryptocurrency on Thursday. Bitcoin cash is falling on Friday after dropping a spot on the most valuable cryptocurrencies list. Bitcoin cash was created earlier this year when it split from bitcoin. Some bitcoin miners were unhappy with the direction of the cryptocurrency and decided to clone bitcoin's payments history and begin going in their own direction.
Ride hailing company Uber was obligated to turn over to a U.S. federal judge a letter from a former employee that told of the company's "fraud and theft" and mentioned evidence of stolen trade secrets nailed "like a scalp" to the wall, a court official said Friday. Special master, John Cooper, assigned to a lawsuit against Uber Technologies Inc [UBER.UL] by Alphabet Inc's (GOOGL.O) self-driving car unit, Waymo, released a report on Friday stating the company should have produced the letter and was wrong in keeping it from the court. The letter, from former Uber security analyst Richard Jacobs alleging Uber engaged in illegal and unethical competitive tactics and had stolen trade secrets, is at the heart of Waymo's lawsuit against Uber.
Sales of Chinese smartphone makers are weaker than expected, of late, which is prompting those vendors to cut chip orders, according to an article today by Sammi Huang and Joseph Tsai of DigiTimes. Craig Ellis, who follows the shares of wireless chip makers Skyworks Solutions (SWKS), among others, for B. Riley, urges investors not to worry, the stocks are already discounting this. The piece by Huang and Tsai claims three Chinese vendors in particular, Huawei, Oppo, and Vivo, "are taking about less 10% of smartphone shipments than their original orders from the supply chain makers for the fourth quarter of 2017,” citing multiple unnamed sources. This is all attributed to worldwide smartphone sales turning out weaker than expected “recently.” The only vendor among the Chinese who appears to be not feeling the pinch is Xioami, they write.
Investors will be closely watching developments out of Washington, D.C. into the weekend, however, as Thursday brought new challenges for Senate Republicans trying to get a deal on tax reform done by the end of 2017. Republican Senators Marco Rubio (R-Fla.) and Mike Lee (R-Utah) added new wrinkles to the current progress on getting a tax bill to President Donald Trump’s desk by the end of the year. Rubio, who had previously discussed his displeasure with the bill leaving out an expansion to a child care tax credit, said Thursday he opposes the current deal while Lee said he is undecided. Tennessee Senator Bob Corker has also not said if he supports the current version of the bill.
Yesterday, in a landmark decision, the U.S. telecom regulator Federal Communications Commission (FCC) repealed the Net Neutrality laws that it had imposed under the Obama regime. Ever since President Trump elected existing Republican commissioner Ajit Pai as the chairman of the FCC in January 2017, the fate of Net Neutrality was at stake. On Feb 26, 2015, the FCC under the chairmanship of Tom Wheeler adopted Net Neutrality implying an open-Internet atmosphere, which will prohibit ISPs (Internet Service Providers), especially the telecom and cable TV operators, from discriminating against applications.
The “Fast Money” traders discuss whether a 'Santa Claus' rally is ahead for the market as anticipation for tax reform ramps up.
Credit card processors are mostly responsible for data transmission and security when you use your card at a store or online to make a purchase. Below, we've outlined the major players in credit card processing and described their major strengths.
Republican are getting closer to passing their massive tax reform plan. Since it's now being reported that the top individual tax bracket would drop to 37%, we updated our analysis to compare the differences among the current system, the House's plan, the Senate's version, and the conference committee's version.
Here are key changes to U.S. tax law for individuals and businesses that have emerged from the final Republican bill that’s headed for votes in the House and Senate next week. Corporate Tax Rate Current law: 35 percent Proposed: 21 percent, beginning in 2018. Individual State and Local Tax Deductions Current law: Individuals can deduct the state and local taxes they pay, but the value is subject to certain limits for high earners. Proposed: Individuals can deduct no more than $10,000 worth of the deductions, which could include a combination of property taxes and either sales or income taxes. Obamacare Individual Mandate Current law: An individual who fails to buy health insurance must pay penalties
There is no mystery behind investors’ hunt for stocks with estimate beating potential ahead of an earnings season. Why Is a Positive Earnings Surprise So Important? Historically, stocks of companies with solid quarterly earnings (on a nominal basis) tank if they miss or merely meet market expectations.
In fact, per a study by IHS Markit, mobility services will emerge as a huge industry by 2040, with China as the frontrunner. New mobility services offer customers temporary use of a car that they do not own. Presently, these services are provided through app-based ride-hailing or car-sharing services, such as those offered by Didi Chuxing in China and Uber and Lyft elsewhere.
The top tax rate that U.S. companies would pay on an estimated $3.1 trillion in earnings they’ve stockpiled overseas crept up to 15.5 percent in the final version of the GOP tax bill released Friday. President Donald Trump had initially called for a top rate around 10 percent for companies’ offshore profits, but as GOP lawmakers searched for revenue to offset the cost of other tax cuts, one of the sources they settled on was multinationals’ offshore cash. Under the GOP tax plan that’s headed for votes in the House and Senate next week, earnings that companies hold offshore as cash and cash equivalents would be taxed at 15.5 percent. Income invested in less-liquid assets -- including plants and
The Republican bill to overhaul the U.S. tax code is finally set in stone, according to House Ways and Means Committee Chairman Kevin Brady. That’ll come as some relief to investors, who fled en masse from funds that hold some of the biggest winners from anticipated tax cuts amid concern that Republican lawmakers had gotten cold feet. On Monday, the iShares Russell 2000 exchange-traded fund, ticker IWM, suffered $1.2 billion in outflows -- the biggest daily drop of 2017 -- and followed that up with more than $900 million in assets out the door on Thursday after Republican Senator Marco Rubio of Florida indicated that he wouldn’t vote for the bill unless the child tax credit was expanded. The
Chevron Corporation CVX will likely enter an agreement with Schlumberger Limited SLB to explore prospective resources located off the coast of Brazil, per Reuters.Oil field service giant Schlumberger is expected to assist Chevron in the drilling of six