Many of us know the magic of investing money in the stock market—just letting it sit and watching it grow—but few of us really grasp just how powerfully enriching this can be. Not surprisingly, Warren Buffett, the world’s greatest investor, has a vivid example of this which he shared with me during a visit earlier this year at Berkshire Hathaway headquarters in Omaha. First, take yourself back, way back to America’s entry into World War II. Franklin Roosevelt was president and Buffett was a young boy.
On Tuesday, Microsoft was valued at $714 billion, about $3 billion above Alphabet and Amazon. Microsoft had briefly ascended to No. 2 on April 12 and then again on April 16. On Tuesday, amid worries about higher U.S. Treasury yields and disappointing earnings by other companies that sent the S&P 500 down1.3%, Microsoft rose to No. 2 by virtue of its shares falling less--2.3%--than those of its rivals.
Here's a question: You've built up a massive nest egg at your job, and you're about to retire. What are your plans for your hard-earned savings? For nearly a third of workers, the answer is "I don't know." Those were the findings from a recent survey by the Employee Benefit Research Institute, a research group that focuses on health, savings and retirement. EBRI conducted an online poll of 2,042 adults in January. "In most cases, you would expect people to do a couple of things: You wouldn't use all of it to buy lifetime income and you'd want to keep some of it for emergencies," said Craig Copeland, a senior research associated at EBRI. "It's troubling that they can't recognize what they think
Can Under Armour (mostly) deliver again off the field of play — and convincingly so, on the playing pitch of the UAA stock chart for a second time in a row? With the expectations bar set reasonably low and the Street forecasting a loss of 4 cents and sales of $1.1 billion, I personally like the long game in UAA stock. It has been nearly three weeks since last penning a bullish article on UAA stock at InvestorPlace.
Disappointing guidance from key iPhone suppliers is raising worries about Apple shares and could signal the death of the technology-driven stock rally. Apple's stock is cumulatively down 7.1 percent in the three trading sessions through Monday, wiping out $63.9 billion of shareholder value. The decline was sparked by Taiwan Semiconductor Manufacturing's weaker-than-expected guidance Thursday morning. The world's largest semiconductor foundry and key Apple chip partner said its revenue forecast range for the second quarter is $7.8 billion to $7.9 billion versus the Wall Street estimate of $8.8 billion. The company blamed "weak demand" in the mobile sector for its forecast. "Heading into Apple's
It will take months or years to tell if the tax cuts President Trump signed at the end of 2017 will boost economic growth or help create jobs, as intended. Congress’s Joint Committee on Taxation has published new estimates of the ways people will file their taxes for 2018, the first year most of the new tax provisions will be in effect. One of the most disruptive changes to the tax code is a new limit of $10,000 on the deductibility of state and local taxes, which used to be subject to no limit.
Iconic automaker Ford Motor Company (F) began 2018 with an earnings warning on Jan. 16. This warning was confirmed by a negative reaction to fourth quarter results released on Jan. 24. The company is set to report first quarter earnings after the close on April 25. Shares of Ford traded as high as $13.29 on Jan. 16 and declined 24% to the 2018 low of $10.14 on March 2. Ford closed Monday, April 23, at $11.04, down 10.6% year to date and deep in correction territory at 16.9% below the January high. Since the March low, the stock is up 8.9%. Analysts expect Ford to post earnings per share of 41 cents when the company reports first quarter earnings on Wednesday. Analysts expect year-over-year gains
"Rates market" volatility could lead the correction, says Rainer Michael Preiss, executive director of Taurus Wealth Advisors.
"Mad Money" host Jim Cramer has changed his tune on Snap almost 2 months after comparing the company to the early days of Facebook. Jim Cramer is turning his back on Snap. "Sure, I was a skeptic, but after this quarter, I'm now a believer," Cramer said on "Mad Money" following the report.
Stocks are getting smoked on Tuesday. Each of the major U.S. indexes was in the red, with the Dow seeing the biggest losses, falling 2.2%, or 550 points, while the S&P 500 was also down 1.7% and the Nasdaq was down 1.9%. The Dow was being dragged lower by shares of Caterpillar (CAT), down over 6% after having rallied earlier in the session following an earnings beat.
It was looking like a banner year for business in China. The U.S. clothing company was expecting a 20 percent jump in online sales on Alibaba's Tmall, thanks to the e-commerce giant's massive reach. The company refused to sign an exclusive contract with Alibaba, and instead participated in a big sale promotion with its archrival, JD.com Inc. Tmall punished them by taking steps to cut traffic to their storefront, two executives told The Associated Press.
The U.S. Supreme Court on Tuesday gave its stamp of approval to a government review process prized by high technology companies as an easy and cheap way to combat "patent trolls" and others that bring patent infringement lawsuits. The justices ruled 7-2 that a type of in-house patent review at the U.S. Patent and Trademark Office does not violate a defendant's right under the U.S. Constitution to have a case adjudicated by a federal court and jury. The court ruled against Oil States International Inc , a Houston-based oilfield services company that had challenged the legality of the process, called inter partes review (IPR).
According to some market pundits, issues like Apple Inc.’s (NASDAQ:AAPL) woes, China trade war concerns and today’s much more volatile and erratic cryptocurrency market can all be fingered as reasons why investors should stay away from Nvidia stock. If you’re a buyer of those markets, Nvidia — whose chips are leaders in all those areas — should sound attractive. This appears to be the case for Nvidia stock right now–and that’s good news for bulls.
MOSCOW/LONDON (Reuters) - As OPEC's efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits - and flooding Europe with a record amount of crude. Russia paired with the Organization of the Petroleum Exporting Countries last year in cutting oil output jointly by 1.8 million barrels per day (bpd), a deal they say has largely rebalanced the market and one that has helped elevate benchmark Brent prices close to four-year highs. Now, the relatively high prices brought about by that pact, coupled with surging U.S. output, are making it harder to sell Russian, Nigerian and other oil grades in Europe, traders said.
The usually reliable Altria Group Inc (NYSE:MO) is off to a horrific start this year, with MO stock shedding 18%. For technical analysts, the recent break below $60 was highly discouraging. In short, MO stock must regain its footing quickly due to the significant technical damage.
From a logic-driven perspective, miner Freeport-McMoRan Inc (NYSE:FCX) should have done quite well last quarter. For the quarter ending in March, metal mining outfit Freeport-McMoRan turned $4.87 billion worth of revenue into earnings of 46 cents per share. The figures fell short of the 56 cents per share of FCX stock analysts were collectively expecting, and the top line of $4.93 billion they’d modeled.
SAN DIEGO (AP) _ Illumina Inc. (ILMN) on Tuesday reported first-quarter profit of $208 million. On a per-share basis, the San Diego-based company said it had profit of $1.41. Earnings, adjusted for one-time gains
Apr.23 -- Third Federal Savings and Loan Chairman and Chief Executive Officer Marc Stefanski discusses the residential mortgage market, banking regulation, and the company's efforts to retain workers. He speaks with Bloomberg's Julia Chatterley, Joe Weisenthal and Scarlet Fu on "What'd You Miss?"
Pipelines were supposed to be safe tollways that produced plenty of cash flows. Kinder Morgan stock has pretty much languished since that fateful day. Moves to right the ship at Kinder Morgan have begun to work and KMI has finally given long-suffering shareholders what they wanted all the time — a big return to dividend growth.
Texas Instruments Incorporated (NASDAQ:TXN) impressed in its latest quarterly results as the company smashed analysts’ expectations. Texas Instruments also surpassed analysts’ guidance on the revenue front as the company’s sales rose to $3.79 billion from $3.4 billion in the year-ago quarter. Texas Instruments also said that its tax rate will be lower than expected in the coming years, which had a positive impact on its stock late in the day.
Caterpillar Inc. (CAT) shares erased earlier gains Tuesday, April 24, after management said material cost increases this year will likely be above estimates due to higher steel prices. "We expect steel and other commodity costs to be a headwind all year," Chief Financial Officer Bradley Halverson said during the conference call. "Price versus material costs were very favorable on the first quarter," Amy Campbell, director of investor relations at Caterpillar, said during the call. "We expect it to be favorable for the full year. But for the balance of the year, we would expect material costs increase to be greater than price realization." President Donald Trump recently announced plans to implement
Wynn Resorts, Limited (NASDAQ:WYNN) reported its latest quarterly results after the bell Tuesday, topping analysts’ expectations. The company brought in first-quarter revenue of $1.72 billion, rising 20.5% compared to the year-ago period thanks in part
This is an increase over its earnings per share of $2.16 from the same period of the year prior. 3M Co reported operating income of $1.01 billion for the first quarter of the year. Revenue reported by 3M Co in the first quarter of the 2018 was $8.28 billion.
In 2014, Yahoo suffered a breach that exposed personal data for 500 million users -- but they refused to tell anyone and the news didn't break until late 2016. For failing to disclose the incident and inform anyone affected, the company formerly known as Yahoo! (now Altaba, consisting of the parts that didn't merge with Verizon to become Oath) has agreed to pay the SEC a $35 million fine. Yahoo's information security team found out that Russian hackers had made off with personal data days after the December 2014 breach.
Shares of Cisco Systems, Inc. (NASDAQ:CSCO) have been on an impressive rebound as of late. While Cisco stock came down with the rest of the market in both February and April, it’s been an out-performer on the way up. Over the last ten calendar days, Cisco stock is up more than 9%, compared to the 3.6% and 5.25% respective gains for the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) and the PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ).