Wednesday was the 16th anniversary of Netflix's initial public offering. A $1,000 investment made at the stock's first-day closing price would be worth nearly $300,000 today. Wednesday was the 16th anniversary of Netflix's initial public offering, and an investor buying in then would have made a very impressive return over the years.
Forced into early retirement? How to make the best of a bad situationGetty Images/iStockphotoAbout 60% of retirees didn’t plan to retire when they did.DMAMBMCMDMEMGPREVIEWZBZBRZDZDRZFZGZQZRZSZTZUDave Bernard planned on retiring at age 62. But in early
One big problem is uncertainty surrounding some of the new rules, especially as they relate to the taxation of international profits. The old tax law had many problems, Gleckman writes, but the flawed system at least provided the certainty that many businesses say they need to plan new capital spending. Numerous critics have pointed out that the promised surge in domestic investment as a result of the corporate tax cut has yet to materialize, and Gleckman thinks that uncertainty over how the new rules will work in practice and the possibility that they may see substantial adjustments in the near future are leading companies to sit on the cash or simply return it to shareholders through dividends and buybacks.
The Meghan Markle effect has spread to yellow gold jewelry, helping boost United States sales in the first quarter of 2018 with further gains expected, jewelers said. The first three months of the year were the strongest first quarter for gold jewelry demand in the United States since 2009, according to the World Gold Council. Sellers say that is due in no small part to the public's fascination with American actor Meghan Markle, who was engaged to Britain's Prince Harry last November and who married him in a dazzling ceremony on Saturday.
May.24 -- Fei Deng, Edgeworth Economics partner, discusses Qualcomm Inc.'s bid to acquire NXP Semiconductors NV with Bloomberg's Ed Hammond on "Bloomberg Markets."
Barron's has previously discussed how mergers and acquisitions will be a theme for pharma and biotech. With Takeda Pharmaceutical’s (4502.Japan) deal to buy Shire (SHPG), Leerink's Geoffrey Porges takes a look at what other deals could come to fruition. If companies chose to borrow to make acquisitions, that wouldn't be a problem either, he argues, as the group could collectively borrow another $460 billion if the industry returned to its peak leverage ratios, and the biggest companies could easily absorb any acquisitions with little debt worries, especially with synergies.
Actively managed equity-income funds tout their ability to put together a portfolio of stocks that offer above-market dividend yield while avoiding riskier stocks. Chasing yield can be dangerous because the highest-yielding names are more likely to have weak or deteriorating fundamentals than lower-yielding stocks, which could lead to dividend cuts. More importantly, the market identifies firms with declining fundamentals, and these stocks' prices reflect their slumping prospects head of them reducing or eliminating their dividend payments.
Investors in Frontier Communications Corporation FTR 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.
President Trump decided to pull out of his meeting with North Korean leader Kim Jong Un and that’s left stocks under pressure. Here’s our top stock trades as a result. Top Stock Trades for Tomorrow #1: Advanced Micro (AMD) I love when a stock shows
A month has gone by since the last earnings report for Corning Incorporated GLW. Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Corning delivered first-quarter 2018 adjusted earnings of 31 cents per share surpassing the Zacks Consensus Estimate by a penny.
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
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.
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.
Larry McDonald of ACG Analytics and the "Bear Traps Report" says there is a chance Deutsche Bank's stock could go to zero, which would be very bad in the short-term globally, but could also present a buying opportunity.
The decline was led by a 7.9% fall in new home sales in the West, while Midwest and South remained almost unchanged. April’s data fell shy of March’s new home sales, which were up 4% sequentially. April’s new home sales were up 11.6% year over year, while the same for March increased 8.8%.
A month ago, Pfizer Inc. (NYSE:PFE) felt the sting of a somewhat surprising disappointment. Its biosimilar version of Herceptin, the popular breast cancer drug from Roche Holding AG (OTCMKTS:RHHBY), was rejected by the FDA.Biosimilar drugs are nearly-identical copies of a competitor’s product. It was a blow not just because Herceptin generated sales of more than $7 billion last year, but because it put the viability of Pfizer’s entire biosimilar program into question.
Delta Air Lines Inc. will resume flights to Mumbai, following an agreement between the U.S. and two Persian Gulf countries over government subsidies to their state-owned carriers. The India service would begin next year, subject to government approval, Delta said in a statement Thursday. The Atlanta-based airline didn’t disclose what U.S. cities would get the nonstop flights.
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.
India’s Prime Minister Narendra Modi has an oil problem. Modi’s government made the most of cheap oil by substituting any fall in prices with taxes that kept retail fuel rates unchanged for consumers and boosted the federal revenue. “There is a strong case for the central government to take another excise duty cut, and ask state governments to reduce value added tax,” Anil Sharma and Ravi Adukia, analysts at Nomura Financial Advisory and Securities India Pvt.
A patent case that began back in 2011 has reached a conclusion, with Samsung ordered to pay about $539 million to Apple over infringements of the latter's patents in devices that are now long gone. The result is that a great deal of Samsung's profits from selling the infringing devices ended up composing the damages.
Yesterday, shares of General Electric (GE) slumped after CEO John Flannery wouldn't guarantee that the company would pay a 48-cent dividend in 2019. To the market, which prefers to sell first and ask questions later, it sounded like he had said that the dividend would be cut in 2019. Today, the stock is rallying because of reports that GE doesn't plan to cut its dividend after all.
Buffett's longtime business partner Charlie Munger, who has been around for many mistakes and failures , agreed. "It was very useful to us," Munger said of their early days, when they were involved with some bad businesses. "There's nothing like personal, painful experience, if you want to learn.
Stocks plummeted Thursday, following President Donald Trump’s cancellation of the much-anticipated summit with North Korean leader Kim Jong-un. Trump canceled the June 12 meeting due to “the tremendous anger and open hostility” towards his administration
Netflix's stock market value ballooned to a record $153 billion on Thursday and eclipsed Walt Disney Co for the first time, making it the world's most valuable entertainment company, following a monumental shift by viewers away from cinemas and cable television. Lifted by a blitz of original programs and 125 million global subscribers, some of whom have given up cable television packages, Netflix's stock has surged 80 percent so far in 2018, more than any other company in the S&P 500. Since Netflix's initial public offer in 2002, when it was a mail-order DVD service, its shares have surged nearly 33,000 percent.
JUNG YEON-JE/AFP/Getty Images Stocks closed lower Thursday as heightening tensions between the US and North Korea spooked markets. Gold spiked, and oil fell. The 10-year Treasury yield slipped below 3%. Here's the scoreboard: Dow Jones Industrial Average