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Watch Health Care and Autos for Signs of Trouble, BAML Says

Alexandra Scaggs

The health-care and auto sectors have the potential to be trouble spots as the economy heads towards its next recession, according to strategists at Bank of America Merrill Lynch.

  • News
    MarketWatch

    Apple's stock surges after bullish new report from Wedbush

    Shares of Apple Inc. (aapl) rallied 1.3% in premarket trade Friday, after Wedbush Securities started covering the technology giant with a bullish stance, citing the company's services "gold mine" and positive iPhone cycle. Analyst Daniel Ives initiated Apple at outperform and added Apple to Wedbush's "best ideas list." He set a stock price target of $310, which is 44% above Thursday's closing price of $216.02 and 34% above the Oct. 3 record close of $232.07. "With positively trending ASPs and gross margins heading into this 2019 product cycle showing no signs of abating and could translate into upside for the upcoming quarter, we believe many of the growth fears on the Street have been alleviated, however this upcoming product cycle remains a linchpin for Cupertino," Ives wrote in a note to clients.

  • Intuitive Surgical (ISRG) Beats on Q3 Earnings & Revenues
    Business
    Zacks

    Intuitive Surgical (ISRG) Beats on Q3 Earnings & Revenues

    Intuitive Surgical, Inc ISRG reported adjusted earnings of $2.83 per share in the third quarter of 2018, which beat the Zacks Consensus Estimate of $2.65. The figure also surpassed the Zacks Consensus Estimate of $918.6 million. In the reported quarter, System revenues increased 4.8% year over year to $274.6 million.

  • What happens if you win Mega Millions' $970M jackpot?
    News
    Associated Press

    What happens if you win Mega Millions' $970M jackpot?

    Despite the terrible odds — one in 302.5 million for those keeping score at home — someone will eventually match all six numbers and win the Mega Millions jackpot, which now stands at $970 million. Here are some answers for someone holding that prized lottery ticket for what would be the second-largest lottery jackpot in U.S. history. Lottery officials recommend winners take a deep breath, put their winning ticket in a safe spot and consult with a reputable financial planner before popping over to the lottery headquarters.

  • Turkish Official Says Jamal Khashoggi's Remains May Have Been Taken Outside Istanbul
    World
    Time

    Turkish Official Says Jamal Khashoggi's Remains May Have Been Taken Outside Istanbul

    The official told The Associated Press that police have established that two vehicles belonging to the consulate, left the building on Oct. 2 — the day Khashoggi had walked into the consulate and vanished. One of the vehicles traveled to the nearby Belgrade Forest while the other traveled to the city of Yalova, across the Sea of Marmara from Istanbul, the official said, speaking on condition of anonymity due to the secrecy of the ongoing investigation. Turkish reports say Khashoggi was brutally murdered and dismembered inside the consulate by members of an assassination squad with ties to Saudi Crown Prince Mohammed bin Salman.

  • Why Activision Blizzard, United Rentals, and Gap Slumped Today
    Business
    Motley Fool

    Why Activision Blizzard, United Rentals, and Gap Slumped Today

    The stock market had a tough session on Thursday, with the Dow Jones Industrial Average finishing down over 300 points. Investors continued to worry about rising interest rates in the U.S., but they also turned their attention to the global macroeconomic picture, where new concerns about the prospects for growth in areas like Europe and China weighed on sentiment. Company-specific news hurt certain stocks, and Activision Blizzard (NASDAQ: ATVI), United Rentals (NYSE: URI), and Gap (NYSE: GPS) were among the worst performers on the day.

  • Goldman Sachs Adds Nvidia To 'Conviction Buy' List
    Business
    Yahoo Finance Video

    Goldman Sachs Adds Nvidia To 'Conviction Buy' List

    Goldman Sachs analyst Toshiya Hari reiterated his 'Buy' rating for Nvidia and added the chip-maker to Goldman’s 'Conviction Buy' list.

  • Tesla Starts Taking Orders for Shorter-Range $45,000 Model 3
    Business
    Bloomberg

    Tesla Starts Taking Orders for Shorter-Range $45,000 Model 3

    The electric-car maker has started taking orders for a mid-range battery Model 3 that goes about 260 miles between charges for $45,000. Offering cheaper versions of the vehicle raised a “big and unanswered question” of Tesla maintaining profit targets for the car, he said. While Tesla is making the Model 3 more accessible to some buyers, the starting price for sedans with the long-range battery is rising to $54,000.

  • Finance
    Investopedia

    Cisco Options Traders Bet Stock Will Rebound 7% Short Term

    Cisco Systems, Inc. ( CSCO) stock is having a solid 2018 with the shares climbing by 18%. But recently it has fallen victim to a broader stock market sell-off, dropping by as much as 10% from those highs. Now some options traders are betting the stock rebounds by 7% by the beginning of next year. One reason for the bullish view is that analysts are looking for strong earnings growth for the fiscal first quarter and the full year.

  • The ‘smart money’ says it’s time to buy the Chinese internet giants and the U.S. FAANGs
    News
    MarketWatch

    The ‘smart money’ says it’s time to buy the Chinese internet giants and the U.S. FAANGs

    When the media and investors turn negative on stocks but the “smart money” is bullish, it’s a good time to think about buying. After all, exactly what is the smart money, and how do you know? Lately, several fund managers who pass this test have been pounding the table on Chinese internet names.

  • Home Depot vs. Lowe’s: Both Stocks Are Slumping, So Which One Should You Buy?
    Finance
    GoBankingRates

    Home Depot vs. Lowe’s: Both Stocks Are Slumping, So Which One Should You Buy?

    An analyst downgrade based on housing market outlooks has sent stocks from Lowe’s and Home Depot down over the last two days. Both Home Depot and Lowe’s are in downtrends dating back to September. On Wednesday, shares in Lowe’s and The Home Depot were slumping after disappointing housing market data led a key analyst to downgrade his ratings and slash price targets, and both stocks continued the slump into a second day on Thursday.

  • Is CenturyLink, Inc. a Buy?
    Business
    Motley Fool

    Is CenturyLink, Inc. a Buy?

    Legacy landline telecom CenturyLink, Inc. (NYSE: CTL) gets plenty of grief. And understandably so, considering that its legacy business, copper wire landline and internet connections is a steadily declining business while fiber and wireless technologies

  • iPhone Xr: Apple's new, cheaper and colourful handset opens for pre-orders
    Technology
    The Independent

    iPhone Xr: Apple's new, cheaper and colourful handset opens for pre-orders

    Apple's iPhone Xr – the cheaper version of its new handsets – is now on sale. It can be pre-ordered from Apple or a huge range of carriers from today, ahead of its release date on 26 October. The phone was revealed alongside the more premium iPhone Xs at an Apple event last month, when it announced that the new phone would not launch for weeks.

  • Procter & Gamble posts surprise sales rise, profit beats
    Business
    Reuters

    Procter & Gamble posts surprise sales rise, profit beats

    (Reuters) - Procter & Gamble Co reported a surprise rise in first-quarter sales on Friday on strong demand for its beauty products and cleaning supplies, helping it in its fight against competition from cheaper store-branded products. The

  • Provocateur Stormy Daniels Takes an Unexpected Turn in the National Spotlight
    Politics
    Time

    Provocateur Stormy Daniels Takes an Unexpected Turn in the National Spotlight

    To understand what it means to be famous like Stormy Daniels, for the reasons she is famous, spend time with her in a public space. On Oct. 15, a California judge threw out the defamation case she filed against Donald Trump. Over the past year, Daniels, 39, has become the Zelig of White House scandals.

  • Employee Accused of Urinating on Production Line at Food Processing Facility
    Business
    WTKR - Norfolk

    Employee Accused of Urinating on Production Line at Food Processing Facility

    Smithfield Foods, Inc. said in a statement Tuesday that it disposed of more than 50,000 pounds of product after reports of an employee urinating at his station at the company’s processing facility in Virginia.

  • Why Yandex N.V. Stock Plunged Today
    Business
    Motley Fool

    Why Yandex N.V. Stock Plunged Today

    What happened Shares of Yandex N.V. (NASDAQ: YNDX) dropped 17.8% on Thursday following reports that Russia's state-owned Sberbank may take a controlling stake in the country's leading internet search company. More specifically, according to sources speaking

  • Business
    Associated Press

    Limelight Networks: 3Q Earnings Snapshot

    TEMPE, Ariz. (AP) _ Limelight Networks Inc. (LLNW) on Thursday reported a loss of $272,000 in its third quarter. The Tempe, Arizona-based company said it had a loss of less than 1 cent on a per-share basis. Earnings

  • 7 Stocks Warren Buffett Can’t Stop Buying
    Finance
    InvestorPlace

    7 Stocks Warren Buffett Can’t Stop Buying

    Sometimes identifying the best stocks to buy can be difficult, but you could do a lot worse than checking out the stocks selected by one of the world’s savviest hedge fund managers — Warren Buffett. Buffett’s stock picks are a popular source for investors, and for good reason. The billionaire Buffett is many things: He’s among the world’s most successful fund managers, a legendary philanthropist and owns more than 60 companies.

  • Netflix is ditching freeloaders from subscriber forecasts after volatile stock moves
    News
    MarketWatch

    Netflix is ditching freeloaders from subscriber forecasts after volatile stock moves

    After two consecutive off-the-mark quarters, falling short of its own forecasts for subscriber growth, Netflix Inc. hopes to put an end to the big swings in its stock price with some changes to its accounting. In kicking off tech’s earnings season Tuesday, Netflix (NFLX)reported better-than-expected subscriber growth in the quarter, leading to an 11% jump in its shares in after-hours trading. Three months ago, Netflix reported weaker-than-expected subscriber growth, sending its stock tumbling about 12% in the next trading day.

  • Microsoft fired the guy overseeing its NFL partnership for allegedly scalping company Super Bowl tickets and trying to fake $1.4 million in invoices (MSFT)
    Finance
    Business Insider

    Microsoft fired the guy overseeing its NFL partnership for allegedly scalping company Super Bowl tickets and trying to fake $1.4 million in invoices (MSFT)

    A federal grand jury has indicted Microsoft's former director of Sports Marketing and Alliances for allegedly trying to create fake invoices for up to $1.4 million, according to the DOJ. The indictment alleges that Jeff Tran tried to route fake invoices through two Microsoft vendors and that he scalped Super Bowl tickets Microsoft acquired through its Surface tablet partnership with the NFL.

  • Better Buy: GlaxoSmithKline plc vs. Eli Lilly
    Business
    Motley Fool

    Better Buy: GlaxoSmithKline plc vs. Eli Lilly

    People get sick regardless of the economic cycle, so companies that cater to healing them often outperform during downturns, and their stocks are considered "defensive." Healthy and dependable dividends can also contribute to stabilizing portfolio returns in good times and bad. Two successful blue-chip stocks in the healthcare industry are British GlaxoSmithKline plc (NYSE: GSK) and Eli Lilly (NYSE: LLY). Investors like both stocks for their dividends and consistent performance, but the companies are really quite different, with GlaxoSmithKline diversified into vaccines and consumer products, and Eli Lilly focused on pharmaceuticals.

  • Finding a Cure for Kinder Morgan’s Frustration
    Business
    Bloomberg

    Finding a Cure for Kinder Morgan’s Frustration

    Rising profits – Ebitda was up 6 percent, year over year – and that Canadian pipeline sale have helped address Kinder Morgan’s biggest problem, its crushing debt. Thankfully, it provided a strong signal on Wednesday evening that it would.

  • Sky-high salaries at Facebook, Google and tech titans will create opportunities for the proactive
    Finance
    American City Business Journals

    Sky-high salaries at Facebook, Google and tech titans will create opportunities for the proactive

    No matter whether you’re in Silicon Valley, Boston or Birmingham, a dollar is a dollar in the most literal sense.  But in terms of talent or venture capital, it’s not really. The difference is evident in the eye-popping median salaries at Silicon Valley tech giants like Facebook Inc. (Nasdaq: FB) ($240,430), Alphabet Inc.'s Google (Nasdaq: GOOG) ($197,274) and Ebay Inc. (Nasdaq: EBAY) ($122,891), according to recent data compiled by our sister publication. Compare that to the median salary for say, software developers in metro Birmingham ($92,000), and you can see a clear opportunity for Birmingham and similarly positioned communities in the South.

  • General Motors Earnings: What to Watch
    Business
    Motley Fool

    General Motors Earnings: What to Watch

    General Motors (NYSE: GM) will report its third-quarter earnings results before the U.S. markets open on Wednesday, Oct. 31. Wall Street thinks that GM's revenue may improve year over year, but it may fall a bit short of that earnings number this time around. GM has just begun rolling out all-new versions of its big-selling Chevrolet Silverado and GMC Sierra pickups.

  • The same question that can chart a path to early retirement is the one Warren Buffett used to build Berkshire Hathaway into a powerhouse
    Business
    Business Insider

    The same question that can chart a path to early retirement is the one Warren Buffett used to build Berkshire Hathaway into a powerhouse

    Inversion is a mental model that involves flipping your outlook to prevent the opposite of what you want to happen from happening. Warren Buffett and his business partner Charlie Munger employed inversion as a business strategy to build Berkshire Hathaway into a powerhouse. In a recent podcast with Brandon of the Mad Fientist, who retired early at 34, productivity expert James Clear said the same strategy Buffett used can help set someone on the path for early retirement.