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Why American Builders’ Confidence Fell 1 Point in March

Ricky Cove
Why American Builders’ Confidence Fell 1 Point in March

The National Association of Home Builders (or NAHB) is an association of 700 state and local associations of homebuilders (REM), real estate sales and marketing professionals, and remodelers. The NAHB publishes a monthly report by surveying these members. The report includes the monthly HMI (housing market index), which is constructed based on the results of the survey.

  • Finance
    Investopedia

    Berkshire Is Undervalued, Says JPMorgan

    Berkshire Hathaway Inc.'s ( BRK.B) Class B shares are cheap if you apply the same metrics that its CEO Warren Buffett does to value companies, according to JPMorgan. In a research note, reported on by CNBC, analyst Sarah DeWitt said Berkshire, a company that investors have historically struggled to value properly because of its many moving parts, suddenly appears to be attractively priced when factoring in all the profits made by the stocks held in its $200 billion equity portfolio into its earnings. “Look-through earnings” take into account current period earnings that show up in financial statements, together with other sources of earnings expected in the long run. This method is used by Buffett as a way to appreciate that companies sometimes retain earnings after paying dividends and later invest them at a higher rate of return.

  • Business
    CNBC

    Walmart saves $200 million by changing its light bulbs and $20 million with a new floor wax

    Walmart says switching to LED lights in its parking lots cut its annual energy costs by $200 million. A change in the floor wax it uses cut costs by $20 million a year because the floors need to be buffed less often. It's exactly what Walmart WMT is doing.

  • A former GE exec who trained new managers found that almost all of them were making the same mistake
    Business
    Business Insider

    A former GE exec who trained new managers found that almost all of them were making the same mistake

    Beth Comstock is the former vice chair of General Electric. Comstock would hand out "permission slips" authorizing employees to take risks — but she also said it's important for people to stop hiding behind their excuses. Beth Comstock doesn't tolerate excuses.

  • Business
    Benzinga

    Q3 Earnings Outlook For Nucor Corporation

    Nucor Corporation (NYSE: NUE) announces its next round of earnings this Thursday, Oct. 18. Here is Benzinga's everything-that-matters guide for the Q3 earnings announcement. Earnings and Revenue Based on management's projections, Nucor analysts model

  • Why American Airlines Group Stock Jumped 6% -- Then Gave Most of It Back
    Business
    Motley Fool

    Why American Airlines Group Stock Jumped 6% -- Then Gave Most of It Back

    Shares of American Airlines Group (NASDAQ: AAL) popped 6.4% in early trading Wednesday before retracting to close the day up less than 1% -- just 0.9%, to be precise. An upgrade assigned to the stock by Deutsche Bank appears to be the primary reason for the move. A Deutsche Bank analyst upgraded American Airlines stock from "hold" to "buy" on Wednesday, as we're told by our friends at StreetInsider.com.

  • The fate of missing journalist Jamal Khashoggi hangs over SoftBank as it looks to raise another $100 billion fund
    World
    Business Insider

    The fate of missing journalist Jamal Khashoggi hangs over SoftBank as it looks to raise another $100 billion fund

    Japanese conglomerate and tech investor SoftBank is under scrutiny over its ties to Saudi Arabia, a major backer of its $100 billion Vision Fund. SoftBank COO Marcelo Claure said on Tuesday the company was "anxiously" watching the Kashoggi situation.

  • 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.

  • Finance
    InvestorPlace

    Pfizer Layoffs: Company to Offer Early Retirement Deals Ahead of Cuts

    A new round of Pfizer layoffs (NYSE:PFE) has been announced by the pharmaceutical giant as the company is seeking to offer early retirement deals to some of its workers before gearing itself to carry out jobs cuts this year. “As we prepare for growth we are creating a simpler more efficient structure which will affect some managerial roles and responsibilities.

  • 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.

  • Alibaba (BABA) Dips More Than Broader Markets: What You Should Know
    Finance
    Zacks

    Alibaba (BABA) Dips More Than Broader Markets: What You Should Know

    Investors will be hoping for strength from BABA as it approaches its next earnings release, which is expected to be November 2, 2018. On that day, BABA is projected to report earnings of $1.16 per share, which would represent a year-over-year decline of 10.08%. Investors should also note any recent changes to analyst estimates for BABA.

  • Facebook under fire as US officials back removal of Zuckerberg as chairman
    Business
    The Telegraph

    Facebook under fire as US officials back removal of Zuckerberg as chairman

    Mark Zuckerberg came under fresh pressure after four US officials called for a boardroom shakeup at Facebook. Three state treasurers and a top official from New York have joined a shareholders’ motion to install an independent chairman at Facebook, claiming the move would improve governance and accountability. In June, Boston-based Trillium Asset Management, which holds $11m in Facebook shares, launched an effort to split the role of chairman and chief executive at Facebook following scandals over the hacking of personal data from millions of users and claims of hate speech and election-rigging.

  • Apple IPhone Helps Give TSMC an Instant Hit
    Business
    Bloomberg

    Apple IPhone Helps Give TSMC an Instant Hit

    One downside is to profitability, as the high costs of a new manufacturing technology generally hit gross margin. TSMC doesn’t like to talk about clients, but Apple Inc. is a primary customer. This quick adoption of its newer technology lends support to TSMC’s strategy of spending big to remain at the bleeding edge, even when that means annual capex budgets surpass $10 billion.

  • Trump: Stormy Daniels, Michael Avenatti must pay my legal fees
    Politics
    Fox Business Videos

    Trump: Stormy Daniels, Michael Avenatti must pay my legal fees

    President Trump says he expects Stormy Daniels and her lawyer, Michael Avenatti, to abide by a judge’s ruling to pay his legal fees. The full interview will air on "Trish Regan Primetime" at 8 p.m. ET on the FOX Business Network.

  • This Oil Stock Just Got the Green Light to Capture a $1.7-Billion-a-Year Prize
    Business
    Motley Fool

    This Oil Stock Just Got the Green Light to Capture a $1.7-Billion-a-Year Prize

    The company plans to invest $1.5 billion on the project, which could produce up to 40,000 barrels of oil per day (BPD) when it comes on line in 2021. It's one of several developments in the state that ConocoPhillips hopes to undertake in the coming years to futher tap Alaska's oil riches. ConocoPhillips first filed permits for GMT2 in 2015, which it plans to connect to its Greater Mooses Tooth 1 (GMT1) project by an 8.6-mile pipeline.

  • Finance
    Investopedia

    Procter & Gamble Reports Earnings With Negative Chart

    The Procter & Gamble Company ( PG) is a multi-national and a component of the Dow Jones Industrial Average. Procter & Gamble stock closed Wednesday at $81.86, down 10.9% year to date and in correction territory at 11% below its 2018 high of $91.92 set on Jan. 2. Procter & Gamble shares are underperforming the Dow 30, which is up 4% year to date and is 4.6% below its all-time high of 26,951.81 set on Oct. 3.

  • PPG Industries: Analysts’ Ratings before Its Earnings
    Finance
    Market Realist

    PPG Industries: Analysts’ Ratings before Its Earnings

    What to Expect from PPG Industries' Third-Quarter Earnings (Continued from Prior Part) Analysts’ consensus on PPG Industries In the third quarter, 22 analysts are covering PPG Industries (PPG)—compared to 24 analysts in the previous quarter. Among

  • Ken Langone: 'Who the hell in their right frame of mind would be buying bonds now?'
    Business
    Yahoo Finance

    Ken Langone: 'Who the hell in their right frame of mind would be buying bonds now?'

    Billionaire investor and philanthropist Ken Langone, the founder of The Home Depot (HD) and chairman of Invemed Associates, argued that there’s some “big time” structural problems in the market right now. Because if we are on a trajectory of raising rates that means, and if it keeps going that way and I don’t know how high it will go, and it keeps going that way then all the sudden the guy who bought those bonds is going to be looking at a fairly decent loss,” Langone said.

  • Pot Stocks Tumble in First Hours of Canada’s Legal Weed Market
    Business
    Bloomberg

    Pot Stocks Tumble in First Hours of Canada’s Legal Weed Market

    (Bloomberg) -- Canada’s Green Day started in the red for stocks looking to benefit from the country’s legalization of recreational marijuana. By the end of the day, a few advancers emerged from the downdraft.Pyxus International Inc. and Green Organic

  • Canopy Growth Stock Is a Well-Positioned, High-Flier Despite the Dip
    Finance
    InvestorPlace

    Canopy Growth Stock Is a Well-Positioned, High-Flier Despite the Dip

    Some investors might be thinking “what are bulls smoking” in Canopy Growth Corp (NYSE:CGC). An out-the-gate bid in CGC stock on Tuesday immediately in front of Canada’s anxiously awaited legalization of recreational marijuana Wednesday turned quickly into a case of the jitters. One only need look at the price charts of industry peers like Tilray (NASDAQ:TLRY), New Age Beverages (NASDAQ:NBEV) or Cronos Group (NASDAQ:CRON) to get a whiff of the high life and how in turn, that may have led to Tuesday’s investors in CGC getting skunked.

  • Business
    Benzinga

    A Preview Of Bank Of New York Mellon's Q3 Earnings

    Bank of New York Mellon (NYSE: BK) releases its next round of earnings this Thursday. Get the latest predictions in Benzinga's essential guide to the company's Q3 earnings report. Earnings and Revenue Bank of New York Mellon EPS is expected to be around

  • Finance
    Thomson Reuters StreetEvents

    Edited Transcript of KMI earnings conference call or presentation 17-Oct-18 8:30pm GMT

    Q3 2018 Kinder Morgan Inc Earnings Call TOPEKA Oct 18, 2018 (Thomson StreetEvents) -- Edited Transcript of Kinder Morgan Inc earnings conference call or presentation Wednesday, October 17, 2018 at 8:30:00pm GMT TEXT version of Transcript ==========

  • Advanced Micro Devices (AMD) Q3 Earnings Preview: Here's What to Look Out For
    Business
    Zacks

    Advanced Micro Devices (AMD) Q3 Earnings Preview: Here's What to Look Out For

    Advanced Micro Devices (AMD) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2018. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 24, 2018, might help the stock move higher if these key numbers are better than expectations.

  • Goldman Sachs vs. JPMorgan Chase: Which Bank Stock Should You Invest In?
    Finance
    GoBankingRates

    Goldman Sachs vs. JPMorgan Chase: Which Bank Stock Should You Invest In?

    Both Goldman Sachs and JPMorgan Chase reported better-than-expected earnings in late 2018.Goldman Sachs is growing faster and provides better value at its current price versus Chase.JPMorgan Chase has better margins, a bigger dividend and a higher return

  • GE to pay penalty if falls short of French job pledges: ministry
    Business
    Reuters

    GE to pay penalty if falls short of French job pledges: ministry

    General Electric's new CEO told France's finance minister on Wednesday that it would stick to his predecessor's French job pledges or pay a penalty, the Finance Ministry said. Former CEO John Flannery warned French Finance Minister Bruno Le Maire in June that the target was "out of reach", and the government raised the possibility of fines worth 50,000 euros ($57,570) for each job not created. GE's new CEO Larry Culp, who took up his post at the start of the month, told Le Maire in a meeting on Wednesday that France remained a strategic country for the company, the ministry said in statement.

  • Nvidia (NVDA) Dips More Than Broader Markets: What You Should Know
    Business
    Zacks

    Nvidia (NVDA) Dips More Than Broader Markets: What You Should Know

    Heading into today, shares of the maker of graphics chips for gaming and artificial intelligence had lost 9.29% over the past month, lagging the Computer and Technology sector's loss of 4.86% and the S&P 500's loss of 3.08% in that time. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.25 billion, up 23.44% from the year-ago period. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.