Just seven months after Jeff Immelt resigned from GE’s top job, he was named chairman of Athenahealth Inc., a provider of digital services for doctors, located a few miles from the industrial giant’s Boston headquarters. In June, he was elevated to executive chairman after the CEO stepped down. “Outsiders think this is like baseball and that if you have struck out a few times, you’re not allowed to play -- but that’s not true” said Jeffrey Cunningham, who’s been a corporate executive and served on several boards.
The dramatic decline has investors asking themselves what the worst-case scenario could be as new Chief Executive Officer Larry Culp attempts a turnaround. If all goes as planned, GE will be a smaller, simpler and more stable company with businesses that sell aircraft jet engines, power-generation equipment and wind turbines. Revenue growth probably won’t be spectacular and profit margins are likely to continue lagging industrial leaders such as Roper Technologies Inc. and 3M Co. But GE would have a shot at regaining a higher credit rating and reflating its dividend payment, helping to win back investors.
The company’s founder and Chief Executive Officer Jensen Huang is trying to make Nvidia more than just the leading provider of technology that makes games more realistic. The mining of cryptocurrency tokens, computer code that carries value in online transactions, had helped stoke demand for graphics chips.
“It’s not good policy to have utilities unable to finance the services and infrastructure the state of California needs,” PUC President Michael Picker said in an interview. The end-of-day rally reversed hours of frantic selling, in which the utility fell the most since 2001, during the depths of the California power crisis. PG&E shares had plummeted 64 percent since Nov. 7 amid fears that it would be held liable for a catastrophic wildfire that has killed more than 50 people, destroyed thousands of homes and scorched over 140,000 acres.
"I think Nvidia is going to miss the quarter, alright?" Cramer said on Oct. 13 at TheStreet's Boot Camp for Investors in New York. The miss and lackluster forward guidance sent NVDA shares down some 18% in after-hours trading Thursday evening -- a move that Cramer also correctly forecast back in October. Nvidia's done.' And then we're going to buy Nvidia back.
Ray Dalio, Hedge Fund giant Bridgewater Associates, joins 'Squawk Box' to discuss markets, the Fed and interest rates.
Warren Buffett's Berkshire Hathaway reported a new stake in J.P. Morgan as of the end of September. Half of Berkshire's top 10 holdings are in big U.S. banking companies. Warren Buffett's Berkshire Hathaway reported its third-quarter holdings on Wednesday, revealing a new $4 billion stake in J.P. Morgan Chase JPM .
Not so many years ago, financial advisors viewed retirement planning as a three-legged stool. The first leg was a pension, the second Social Security and the third a retiree's savings. Over time pensions have fallen by the wayside, and aside from government workers and teachers, an active pension plan is rare.
Tesla CEO Elon Musk tweeted Thursday that the electric automaker had "acquired trucking capacity," a move aimed to boost deliveries of its Model 3 vehicles before the federal tax credit begins to wind down December 31. The company hasn't posted any regulatory filings of an acquisition and Tesla has yet to respond to TechCrunch's inquiry on the matter.
Do you own Nvidia (NASDAQ:NVDA)? If you’ve held NVDA stock throughout 2018, you’re probably a very frustrated investor. Don’t get me wrong, on a calendar-year basis, I’d rather be a Nvidia shareholder — up 3.2% year to date through November 13 — than an owner of SNAP (NYSE:SNAP), which is down 47% and fading fast — but given the free cash flow growth it’s experiencing in 2018, it would be nice to see a little more upside.
Semiconductor stocks, like the rest of the broader tech market, have been under heavy pressure in late 2018. A slowdown in the semiconductor market as well as the tariff wars between China and the U.S. have also affected sentiment in the sector. Although many of these chip stocks, including Intel (NASDAQ:INTC), Advanced Micro Devices (NASDAQ:AMD) and Nvidia (NASDAQ:NVDA), are much cheaper than they were at the start of September, investors should not expect the choppiness in individual share prices to be over yet.
Sevens Report Founder Tom Essay on Berkshire Hathaway CEO Warren Buffett’s stock picks.
The name nearly brings up the tail end of every earnings season. After Thursday's closing bell, traders, investors and spectators will wait on Nvidia to post their Q3 results. For today, Wall Street is looking for EPS of $1.71 on revenue of $3.24 billion.
“I believe that the market has over-corrected for GE’s many faults, and at the current stock price, that it is significantly undervalued,’’ Aswath Damodaran, a finance professor at New York University, said Wednesday in an analysis on his website.
Nvidia Corp. reported fiscal 2019 third-quarter earnings Thursday afternoon, and missed revenue and adjusted earnings expectations for the quarter. Shares fell more than 16% in post market trading. TheStreet is live blogging Nvidia's earnings
Google parent Alphabet Inc.’s stock chart has just produced a bearish “death cross” chart pattern for the first time in over two years, that may put the future of the internet giant’s 7-year old bull market in doubt. Some chart watchers believe the cross marks the spot when a shorter-term slump morphs into a longer-term downtrend. The last time Alphabet’s stock (GOOGL)produced a death cross was June 24, 2016.
Chip equipment giant Applied Materials was falling more than 8% after-hours on Thursday after reporting disappointing October quarter results and forward guidance. For the fiscal fourth quarter ended Oct. 28, the company posted revenue of $4.01 billion
U.S. tech titans such as (FB) and (AMZN) are taking it on the chin in recent months. Once upon a time, tech stocks in the U.S. and China moved in pack. From Jan. 26, 2017, through Jan. 26, 2018, the exchange-traded fund (FDN), which counts Facebook (FB) Amazon (AMZN), (NFLX) (NFLX) and (GOOGL) (GOOGL) among its top-10 holdings, gained 42%, while the ETF (KWEB) climbed 79%, and acted like a supercharged version of the U.S. tech trade.
Remember the other night we did an "Off the Charts" piece keying on the observation by Larry Williams that 33 times out of 33 times buying Home Depot and holding it for 10 days (with a stop loss) has produced a winning trade.
STOCKSTOWATCHTODAY BLOG More than nine of 10 investors are “bearish” or “very bearish” about (GE) according to a survey by (UBS) analyst Steven Winoker. That result—92% of respondents with gloomy views—isn’t much of a surprise given
Nvidia shares have gotten pummeled over the last few weeks, and that looks like it will continue this week. The chipmaker's stock was down about 15% after-hours on Thursday after reporting October quarter revenues of $3.18 billion versus a $3.23
Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $31.77 billion, up 1.18% from the year-ago period. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Nvidia (NVDA) reported a big miss on both the top and bottom lines for Q3 after market close on Thursday. The chipmaker earned $1.84 per share which was weaker than the $1.92 per share that was anticipated, according to analysts polled by Bloomberg. This
A diverse array of growth and value stocks, ranging from small- to mega-cap names, all 10 of the best stocks to buy for 2019 look like attractive opportunities for the long-term investor. While the running gag with Starbucks is there's "one on every corner," that punchline still rings hollow in some parts of the globe. The company's biggest growth opportunity is in the China/Asia Pacific region, where it opened 278 new stores between July and September alone.
Shares of PG&E Corp. plummeted as much as 32 percent Wednesday after the company said it had exhausted its revolving credit lines, signaling it was shoring up its cash to prepare for a possible credit downgrade to junk. The utility’s filing also may have marked the start of a campaign to get bailed out by California’s lawmakers -- as it was after last year’s fires. “Watching this whole thing play out, it’s like a slow motion train wreck,” said John Bartlett, utility portfolio manager at Reaves Asset Management.