Tesla CEO Elon Musk has tried to correct the record after an analyst report surfaced on Thursday saying his Model 3 is in trouble. In a tweet late on Thursday, Musk called an analyst report that said Model 3 cancellations are double today where they were last year at the same time and higher than orders “bs.” Musk added that last week, Tesla had 5,000 Model 3 “new net orders.” Net orders refers to total orders, less cancellations.
While it doesn’t seem like it, saving for retirement is easy. You set aside a certain amount each month, or each paycheck, and invest it in your IRA or 401(k). That is, of course, an oversimplification. But once you retire and need to figure out how
One of the most accurate stock pickers on Wall Street recently shared his list of tips on how to spot winners and losers. Wall Street analyst Mark Mahaney, managing director at RBC Capital Markets, is widely known as one of the most accurate stock pickers on the Street.
Toyota Motor Corp. may stop importing some models into the U.S. if President Donald Trump raises vehicle tariffs, while other cars and trucks in showrooms will get more expensive, according to the automaker’s North American chief. The Japanese carmaker is busy analyzing scenarios about how tariff schemes could affect each of its car and truck lines, said Jim Lentz, chief executive officer for Toyota’s North American operations. Trump’s Commerce Department held a hearing Thursday on its probe into whether imports of passenger vehicles compromise U.S. national security.
Q.: I have about $57,000 in my traditional IRA and about $6,800 in a Roth IRA. The idea of converting while in low bracket year is sound but fear of the required minimum distributions (RMD) may not need to be a strong motivator. Yes, when RMDs begin they can kick you into a higher tax bracket, but not necessarily.
As bouts of volatility and uncertainty are playing foul in the stock market, investors are looking for both growth and income in their portfolios. Stocks that have a strong history of dividend growth belong to mature companies, which are less susceptible to large swings in the market, and thus act as a hedge against economic or political uncertainty as well as stock market volatility. Additionally, these stocks have superior fundamentals that make dividend growth a quality and promising investment for the long term.
AT&T Inc. T is scheduled to report second-quarter 2018 results after the closing bell on Jul 24. In the last reported quarter, adjusted earnings missed the Zacks Consensus Estimate by a couple of cents. During the quarter, AT&T received the green signal from the court to go ahead with its proposed deal to buy the mass media and entertainment conglomerate, Time Warner, for $85 billion.
Money is to be made in marijuana stocks in the long run. There may be sympathy plays in other cannabis stocks for a short-term trade. • Canopy Growth stock ran up on excitement about the legalization of marijuana in Canada, and many gurus are urging investors to buy this stock as a once-in-a-lifetime opportunity.
Tech stocks have been unpredictable at times recently, but the sector has rebounded from volatility strongly, and there is no question that tech has been the leader of the market’s strong multiyear run. Finding a strong dividend-yielding tech stock might feel like searching for a golden goose, but investors should not feel too intimidated. In fact, dividend-focused investors can search for the best tech stocks by using the Zacks Stock Screener, the perfect one-stop screening tool for investors of all kinds.
Russian officials are hoping Vladimir Putin’s rapport with Donald Trump will lead to rapprochement with the U.S. But they’re not taking any chances. A U.S. Treasury report this week appears to show Russia liquidating dollar assets at a record pace, selling four-fifths of its cache of U.S. government debt, $81 billion worth, over a two-month period. It started in April, when the U.S. imposed the most onerous sanctions yet on allies of Putin.
Philip Morris International (PM) has tumbled more than 20% year to date, but now is not the time for bargain hunters to wade into the shares, argues Cowen & Co. Analyst Vivien Azer downgraded the shares to Market Perform from Outperform, and lowered her target to $85 from $99, writing that even with the reduced guidance, a lack of visibility about the potential for increasing declines in markets like Japan and South Korea–major drivers of the company's sales–gives her "pause." Azer writes that she has long been upbeat about Philip Morris's iQos electronic tobacco products, and even with the decreased outlook, she still thinks that the technology is promising for the company's future. "The challenge for us is that even by going below management's guidance we have little way of knowing whether Japan will deteriorate even more...or whether South Korea will decelerate further," she writes.
A month has gone by since the last earnings report for Micron Technology, Inc. MU. 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. The company registered year-over-year growth in both earnings and revenues and surpassed the Zacks Consensus Estimate as well.
Investors should be excited about Intuitive Surgical Inc. The company reported second quarter profits of $327.4 million, beating analysts' consensus estimate of $292.8 million, while its per share earnings beat the consensus by more than 10%. Canaccord Genuity analyst Jason Mills argued that Intuitive has "solidified its position as the preeminent growth company in large-cap med-tech," according to a research note.
Biotech bigwig Gilead Sciences Inc. GILD is likely to beat expectations when it reports results for the second quarter on Jul 25, after the market closes. Gilead has a decent track record, with the company’s earnings beating estimates in three of the last four quaters. In the last reported quarter, the company’s earnings missed expectations by 10.8%.
The companies think their combined size will make them more competitive against mega-giants Walmart and Amazon. As Albertsons Cos. and Rite Aid RAD head to an August vote over their planned merger, the message to investors is simple: size still matters. The deal, announced in February, would create a new retail giant valued at roughly $24 billion that would combine Albertsons' grocery operations with Rite Aid's pharmacy business.
Industrial conglomerate General Electric Company GE is aiming to become a high-tech industrial company. Per its restructuring plans, the company will separate GE Healthcare and turn it into a stand-alone company while will also exit its oil and gas businesses. Beside these, GE Transportation will be sold to Wabtec Corporation and efforts are on track to shrink exposure in GE Capital business.
AT&T Inc. will roll out 5G service to three additional U.S. cities, a sign that the industrywide push to adopt the speedier standard is finally moving from marketing announcements to reality. Oklahoma City and two North Carolina cities -- Charlotte and Raleigh -- will be getting the mobile service later this year, AT&T said on Friday. Rival Verizon Communications Inc., meanwhile, has discussed adopting 5G service in four cities this year, including Los Angeles and Sacramento, California.
In Best Buy’s perfect world, all 380 of its new “in-home advisors” would park their clean, white Priuses in front of a customer’s house rather than in the driveway, where the car could block others. After knocking gently on the front door, they would step back and stand to the right, smiling, head down slightly, arms uncrossed, name tag visible on their blue, wrinkle-free Best Buy polo shirts.
Perhaps the hottest buzz word in the stock market right now is “AI”, or artificial intelligence. Because of this, everyone wants to own as many artificial intelligence stocks as possible. Here’s a list of four of my favorite artificial intelligence stocks which all investors should have on their radar.
The most common need of those preparing to step into retirement isn't what you think: it's confirmation that all the hard work, discipline and saving was enough. Retirees want to be reassured that they’ve done a good job and were good stewards of their money. Just because you’ve accumulated $500,000, $1 million or $2 million, doesn’t mean you’ve won the retirement game.
Getty Images / Eduardo Munoz Alvarez Irregular investing, waiting for an all-clear sign, and overconfidence are three of the biggest mistakes investors make. That's according to Chris Hyzy, the chief investment officer of Bank of America Global Wealth
Colloquially known as the dividend king, AT&T (NYSE:T) has more than earned that title thanks to 34 years of annual dividend raises. Through multiple boom-bust cycles, an unprecedented global banking crisis, and several military conflicts, the AT&T dividend yield has stayed true. With the telecom giant’s much-covered acquisition of Time Warner, several investors have questioned the viability of the AT&T dividend yield.
California legalized recreational marijuana at the very beginning of 2018. The cannabis industry grows very quickly. Dispensaries keep getting license to sell recreational weed products, necessitating more products from more businesses.
About that GE. If you'll recall, I got out of my more than a year long position in General Electric unscathed in response to first earnings last spring. Unscathed if you do not consider the time and effort spent over a lengthy period massaging an
Skyworks Solutions Inc. SWKS reported third-quarter fiscal 2018 non-GAAP earnings of $1.64 per share, which beat the Zacks Consensus Estimate as well as management guidance by a nickel. The figure improved 4.5% from the year-ago quarter.Revenues of $894