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.
Boeing Co. has dispatched a prominent executive to help Rolls-Royce Holdings Plc work through escalating engine problems that have grounded dozens of 787 Dreamliners. Keith Leverkuhn is serving as Boeing’s eyes and ears at Rolls factories in Singapore and Derby, England, where the Trent 1000 engine is manufactured and being repaired. Leverkuhn, an engineer with expertise in propulsion, is best-known for steering Boeing’s 737 Max through development to its commercial debut a year ago, months ahead of schedule.
It has been about a month since the last earnings report for AT&T Inc. T. Shares have lost about 8.2% in that time frame. Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. AT&T reported mixed first-quarter 2018 results, with the top and the bottom lines missing the respective Zacks Consensus Estimate despite solid prepaid phone gains, record low first-quarter postpaid phone churn and continued DIRECTV NOW subscriber growth.
General Electric GE shares have been in free fall, but options traders are betting on a resurgence ahead. On Thursday, shares of General Electric jumped nearly 3 percent setting off a surge in bullish trading activity, with call options doubling that of puts. " Options Action " trader Mike Khouw noted that a block of traders purchased the January 2019 20 calls for an average price of 15 cents per contract.
Shadowing the losses in bitcoin, the top-25 cryptocurrencies have all fallen over the last seven days â all bar one, that is. The broader markets seem to have been dragged lower by a 9.5 percent week-on-week drop in bitcoin (BTC), the world's largest cryptocurrency by market cap. BTC fell below $8,000 on May 22 for the first time since April 18 and hit a low of $7,272 yesterday, as per CoinDesk's Bitcoin Price Index (BPI).
Oil prices fell more than $2 per barrel on Friday as Saudi Arabia and Russia discussed easing production cuts that have helped push crude prices to their highest since 2014. Brent crude futures (LCOc1) fell $2.35, or 3 percent, to settle at $76.44 a barrel. U.S. West Texas Intermediate (WTI) crude (CLc1) slumped $2.83, or 4 percent, to finish at $67.88 a barrel.
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.
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.
Eddie Perkin, Eaton Vance chief equity officer; Michael Jones, RiverFront Investment Group chief investment officer and chairman; and Tim Seymour, Triogem Asset Management chief investment officer, discuss where investors should be looking to invest ri...
Which stocks are millennial investors buying? It used to be tough to stay but ever since the trading app Robinhood went viral, with its zero-commission trading structure, we can now easily see what millennial investors are buying. Because Robinhood is essentially all millennial investors.
Year-to-date, Wells Fargo & Co (NYSE:WFC) stock is lagging the group, down 10% while other bank stocks like Bank of America Corp (NYSE:BAC) and JPMorgan Chase & Co. (NYSE:JPM) are 10 points better off. WFC stock so far has been able to withstand selling pressure from tremendous market-wide fears, its own inflammatory headlines and tremendous global volatility, and has remained in line with price expectations.
Chesapeake Energy Corporation (NYSE:CHK) could be poised for a comeback. Now, as the company strives to repair its balance sheet, profit forecasts, as well as an emerging export market, could turn the company around and lead to massive gains in CHK stock. While the market cap and debt levels have improved over the last year, the company remains in a precarious financial position.
A month has gone by since the last earnings report for QUALCOMM Incorporated QCOM. Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Qualcomm reported healthy financial results for second-quarter fiscal 2018 (ended Mar 25, 2018), supported by better-than-expected performance in semiconductor business and lower operating expenses.
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.
Micron Technology, Inc. (NASDAQ:MU) stock has gotten out of its funk and in a big way. The price action on Micron stock looks more like that of a red-hot IPO, not a 40+ year old memory chip manufacturer. But hey, the industry has gotten some encouraging
Energy stocks are getting smashed lower on Friday, with the Energy Select SPDR (NYSEARCA:XLE) falling 3.1% in mid-day trading to cut below its 20-day moving average for the first time since early April.
Amazon.com Inc. ( AMZN) is known to enter a market, disrupt it and dominate it. Amazon Flex is the Seattle, Washington-based e-commerce giant’s crowdsourcing delivery program in which it will pick up third-party merchants packages from warehouses and handle delivery to customers. It's something UPS and FedEx often do for the online retailer.
Market Taker Mentoring's Dan Passarelli discusses his options play for Ford Motor Co. with Bloomberg's Julie Hyman on "Bloomberg Markets." More from Bloomberg.comTrump Welcomes ‘Warm’ North
Marvell Technology Group Ltd.’s MRVL previously announced acquisition of Cavium CAVM moved a step closer after the Committee on Foreign Investment in the United States (“CFIUS”) cleared the deal of any type of unresolved national security concerns. Notably, CFIUS is a government committee in charge of reviewing economic transactions by foreign entities. In November 2017, the two companies entered into an agreement wherein Marvell agreed to acquire Cavium in a cash-stock deal worth $6 billion.
The $539 million that Apple won in its patent infringement case against Samsung is fairly insignificant compared to the some $300 billion of profit Apple has made in the years since it filed the suit in 2011. The money is nice, but for Apple, the real victory probably comes from the principle of the thing. As this chart from Statista shows, the money that the Cupertino-based company was awarded is hardly enough to even register on Apple's radar — it's actually less than Apple's net profit has been in any given quarter since April 2011.
The Boeing Company BA recently secured a modification contract worth $416.4 million for the full-rate production of three P-8A multi-mission maritime aircraft of the 9th lot. The contract was awarded by the Naval Air Systems Command, Patuxent River, MD. Per the terms of the deal, Boeing will manufacture and deliver the jets to U.S. Navy.
A couple of weeks ago, I pointed out three compelling Artificial Intelligence (AI) stocks you may not have even known about. There are certainly more than three such artificial intelligence prospects though. Most investors fully understand that Nvidia Corporation (NASDAQ:NVDA) makes the hardware that powers most AI applications while International Business Machines Corporation (NYSE:IBM) is arguably doing the most to put artificial intelligence to practical use.
The " Fast Money " traders shared their first moves for the market open. Tim Seymour was a buyer of Lennar LEN . Steve Grasso was a buyer of Alibaba BABA . Karen Finerman was a buyer of Foot Locker FL . Dan Nathan was a buyer of Disney . Trader