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.
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.
Frontier Communications Corp. and its bondholders are back at the negotiating table after the debt-laden telephone service company’s asset auction failed to generate an acceptable price, people with knowledge of the matter said. The company, which serves small towns and midsize cities, received multiple bids for landline assets in Florida this month but decided not to sell because none of the offers were high enough, said the people, who asked not to be identified because the matter is private. Struggling under a debt load that’s more than 23 times the size of its market capitalization, Frontier has been considering a sale of landline assets in California, Florida and Texas since at least February.
JPMorgan Chase JPM CEO Jamie Dimon is the chairperson of one of the world's most valuable banks. "I've always said family first, country second, JPMorgan literally last," says the 62-year-old father of three. Within four years, Dimon managed to turn the company around and sell it to JPMorgan Chase in 2004 for $58 billion .
Sears Holdings Corp (NASDAQ:SHLD) announced that the company is shuttering the doors of at least 40 more stores in the coming months. The retail chain announced that it will be closing 40 Sears and Kmart stores in July and August, according to a Business Insider report from May 19. The company has yet to comment on the matter, which includes 31 Sears locations and nine Kmart stores that will be closing in 24 states.
Jim Cramer uses Amazon's stock to explain why buying broken stocks can boost investors' earnings.
How lucky it is to be Micron Technology Inc. (NASDAQ:MU) right now. Think about gaming and artificial intelligence — all the fast-twitch services that are replacing simple searching and information accessing. Micron and its memory chips are at the sweet spot of all this, but even after an historic run-up since the end of December 2015 — the stock price jumping from $10.50 per share to the May 21 market open of nearly $55 — it’s still trading at just 8.4 times earnings.
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.
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.
On paper, General Electric (GE) shouldn't be doing well on Tuesday, a day with plenty of analyst skepticism and underperformance from the industrial sector. It was the worst performing stock in the Dow Jones Industrial Average last year, and started off 2018 in the same position. Analyst Rene Lipsch writes that the deal is a credit negative for GE, and "highlights the risk that an expeditious execution of GE's $20+ billion asset divestiture program can have a considerable negative effect on GE's earnings and cash flows.
Airbus SE is ready to tell the World Trade Organization that the threat posed to Boeing Co. by its most ambitious program ever, the double-decker A380 jetliner, is so marginal that any U.S.-led sanctions against the European Union over illegal aid should be minimal. The European company will cite the superjumbo’s slow sales and also contend that state support for the more popular A350 model was only slightly more of a benefit given cheap alternative funding available at the time amid historically low interest rates, its head of litigation Karl Hennessee said in an interview. Airbus is on the back foot after Boeing last week won the latest in a series of disputes over illegal subsidies for the A380 and A350 spanning more than a decade.
Blackstone Group LP could convert into a corporation from a partnership if KKR & Co.’s planned switch results in a significant increase in valuation over the next year, according to a Credit Suisse analyst note. Blackstone could convert to the new structure as early as 2019, according to analyst Craig Siegenthaler. Blackstone didn’t immediately respond to a request for comment.
Four years ago, Marvin Ellison lost out on the top job at Home Depot Inc. Now, after a lackluster tenure at struggling department-store chain J.C. Penney Co., he will get a chance to run a home-improvement retailer. Ellison, 53, was appointed chief executive of Lowe’s Cos., the arch rival of his former employer, on Tuesday. While Ellison failed to turn around J.C. Penney, many of his initiatives, including making stores more efficient and improving customer service, mirror what Lowe’s activist investor D.E. Shaw has called for.
Give yourself time to adjustGetty Images/iStockphotoAbout 60% of retirees didn’t plan to retire when they did.DMAMBMCMDMEMGPREVIEWZBZBRZDZDRZFZGZQZRZSZTZUDave Bernard planned on retiring at age 62. But in early 2012, he lost his job as a sales manager
Investors in Chesapeake Energy Corporation CHK need to pay close attention to the stock based on moves in the options market lately. What is Implied Volatility? Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
After years of growth, Celgene Corporation (NASDAQ:CELG) has spent the past eight months suffering from ever-weakening price action. In fact and with shares of Celgene now off a full 50% from 2017’s all-time-highs following Monday’s 4.70% price drop, you could say bears have been acting with barely any hesitation in CELG stock. The latest ‘disappointment’ in shares of Celgene, judging by Monday’s price reaction, is a report that Celgene’s top dog of business development discreetly retired over a month ago.
Shares of Applied Materials AMAT dipped recently on the back of weaker-than-expected guidance after the company reported its second-quarter financial results at the end of last week. Investors reacted poorly to Applied Materials third-quarter guidance. Shares of Applied Materials are up roughly 11.7% over the last year, while the “Semiconductor Equipment - Wafer Fabrication” industry has surged nearly 30%.
Investors have demonstrated their displeasure with AT&T T over the last several years. But while the communication and internet giant’s Time Warner TWX merger remains in question, AT&T stock does currently offer investors solid value.Time Warner’s chief
Unemployed workers who are either at the start of their careers or nearing retirement age are much less likely to receive responses to job applications than those in their prime working years, according to a working paper from researchers at Princeton University, Arizona State University and University of California, Los Angeles, distributed by the National Bureau of Economic Research. Additionally, workers who have been unemployed for a year or longer are less likely to receive a callback from an employer than those who were without a job for a shorter length of time. Unemployed job hunters, in particular, are at a significant disadvantage compared to their peers who are already holding a job, according to a separate analysis from researchers at the Federal Reserve Bank of New York and Columbia Business School.
Rio Tinto Group is ready to accept a $3.5 billion deal with Indonesia for its interest in the giant Grasberg copper and gold mine, according to people with knowledge of the discussions. A deal for Rio’s exit still depends on Freeport-McMoRan Inc. striking an agreement to transfer some of its stake to a local firm, according to the people, who asked not be identified because the matter is confidential. Shares in Freeport surged on the news, while Rio pared a loss in New York Tuesday.
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
BP held out the prospect of a first dividend increase since 2014, after first-quarter profits beat forecasts earlier this month, thanks to rising oil and gas prices and production. The 110-year old company is undergoing its fastest growth in recent history with new oil and gas fields from Egypt and Oman to the U.S. Gulf of Mexico, riding a tide of higher oil prices following the 2014 downturn.
In a world of low interest rates, investors look for yield wherever they can find it. One common choice has become high dividend stocks. In the previous century, dividends did not compare well to bank interest rates.
An investment-related topic on Twitter is stoking outrage. The incredulous tweets were in response to a MarketWatch article that suggested that by age 35, you should have twice your salary saved. The reactions ranged from "I didn't have that much saved in my 30s!" to "Well, I'm never retiring, apparently." One of my favorite tweets was this one: "Listen.