• TheStreet.com9 hours ago

    Four Cheap 'Dividend Aristocrats' to Buy Now

    "Dividend Aristocrats" are S&P 500 stocks that meet certain minimum size and liquidity requirements and have at least 25+years of consecutive dividend increases. Through its flagship Walgreens chain and certain joint ventures, the company has a presence in more than 25 countries and employs over 385,000 people. WBA's 42 years of consecutive dividend increases qualify it as a Dividend Aristocrat, and the company appears positioned to deliver $5.95 of adjusted earnings per share for fiscal 2018.

  • Housing affordability in America is its worst in nearly a decade, and there's one clear culprit
    Business Insider3 hours ago

    Housing affordability in America is its worst in nearly a decade, and there's one clear culprit

    Housing affordability hit its worst level in nearly a decade during the first quarter, according to Attom Data Solutions. Attom measures affordability by comparing average wages to median home prices to determine the share of income people need to spend on housing. Prospective buyers needed to shell out more because mortgage rates rose.

  • TheStreet.com9 hours ago

    These 5 Tech Giants Still Aren't That Expensive

    Several tech giants still carry reasonable valuations -- at least after accounting for the impact of heavy near-term spending and/or business model transitions. Apple's revenue growth profile isn't as strong as that of some of the companies mentioned below -- the consensus is for Apple to see 14% revenue growth in fiscal 2018, but just 4% growth in fiscal 2019.

  • The Wall Street Journal2 days ago

    Intel Ex-Chief’s Affair With Employee Began Before He Was CEO

    Intel Corp. ex-Chief Executive Brian Krzanich’s affair with an employee, which cost him his job this week, started before he was CEO and ended several years ago, according to people familiar with the matter. The relationship, which those people said started about a decade ago, came into public view this week when Mr. Krzanich, 58 years old, resigned after the chip maker determined he had violated company policy by having a relationship with a co-worker. The woman involved in the affair still works at Intel, the people said.

  • China Won't Target U.S. Companies in Trade Dispute, SCMP Says
    Bloomberg10 hours ago

    China Won't Target U.S. Companies in Trade Dispute, SCMP Says

    China has no plan to target U.S. companies operating in the nation amid escalating trade tensions, as that would run counter to Beijing’s goal of attracting foreign investments, South China Morning Post reported on Sunday, citing unidentified people. The policy makers sought to reassure foreign businesses in China amid fears that the Beijing government would retaliate for U.S. President Donald Trump’s proposed tariffs on Chinese goods by harassing American firms or depriving them of commercial opportunities, the Hong Kong-based newspaper reported, citing "two Chinese government sources." The option of targeting these business "has never been on the cards," according to one of the people. Goldman Sachs Group Inc. President David Solomon, United Parcel Service Inc. Chairman David Abney and Pfizer Inc. Chief Operating Officer Albert Bourla were among top executives at the meeting, according to the newspaper.

  • CNBC7 hours ago

    For soon-to-be retirees, working a little while longer can pay off big time

    Delaying retirement for just three to six months has the same impact as saving 1 percent more of your salary over 30 years. When it comes to retirement savings, many nest eggs fall short. The power of saving continues to decrease as workers approach retirement age, according to the working paper from the National Bureau of Economic Research .

  • Former Microsoft CEO Steve Ballmer's has advice for Facebook and Google: Don't make the mistake we did (FB, GOOG, GOOGL, MSFT)
    Business Insideryesterday

    Former Microsoft CEO Steve Ballmer's has advice for Facebook and Google: Don't make the mistake we did (FB, GOOG, GOOGL, MSFT)

    The backlash against Silicon Valley is growing. Steve Ballmer, the former CEO of Microsoft, has some advice for the likes of Facebook and Google: Accept you've screwed up, and work with regulators to fix it. As Silicon Valley battles scandals and increasing regulatory scrutiny, Former Microsoft CEO Steve Ballmer has warned Facebook and Google not to make the same mistake Microsoft did.

  • InvestorPlaceyesterday

    At This Point, Micron Stock Looks Pretty Much Unstoppable

    Micron Technology Inc. (NASDAQ:MU) did it again. Strong earnings, and a stronger forecast from CEO Sanjay Mehotra, continued to power Micron stock upward, but bears won’t let it go past the fundamentals so the memory chip maker is still a buy. On June 20 Micron reported net income of $3.823 billion, $3.10 per share, on revenue of $7.8 billion for the quarter.  This compares to earnings of $1.65 billion, $1.40 per share, and revenues of $5.56 billion a year ago.

  • Oilprice.com23 hours ago

    The OPEC Agreement Puts A Floor Under Oil Prices

    Since its December 2016 oil production-cut deal came into effect, the Organisation of Petroleum Exporting Countries (OPEC) has seen crude oil prices more than double, following the market rebound from the lows of early 2016. Due to the global anticipation of the Cartel’s voluntary supply withdraws – aimed at further sustaining the technical price recovery – prices have steadily continued to trend higher since the 2014 Brent Crude oil contract plunged. Brokered by Algeria, the deal to cut production volumes – following OPEC’s 2014 attempt to break the US Shale-Oil industry by permitting the global supply overhang – nears its official end in the second half of the year.

  • Paul Tudor Jones: Here's why the 1987 crash was an accident waiting to happen
    Yahoo Financeyesterday

    Paul Tudor Jones: Here's why the 1987 crash was an accident waiting to happen

    Legendary hedge fund manager Paul Tudor Jones became famous after predicting the market crash of October 19, 1987, known as “Black Monday” when the Dow Jones dropped more than 22%. “The crash of ’87 was really interesting just because the crash of ’87 probably never would have happened except for, again, the market infrastructure at that point in time,” Jones said in a conversation with Goldman Sachs CEO Lloyd Blankfein as part of the firm’s “Talks at GS” series. Jones, 63, began his career at E.F. Hutton as a commodities trader in the cotton pits in 1976 before transitioning to macro trading and founding his hedge fund, Tudor Investment Corp in 1980.

  • Should You Buy Caterpillar (CAT) Stock Right Now?

    Should You Buy Caterpillar (CAT) Stock Right Now?

    Shares of Caterpillar CAT closed up marginally on Friday, ending a streak of nearly two straight weeks of losses on the back of heightened trade war tensions between the U.S. and China. With that said, now might be the time for investors to consider buying Caterpillar stock based on its currently stellar valuation picture and strong growth prospects. Caterpillar has been one of the Dow’s worst performers during its recent downbeat stretch, which stands in stark contrast to its standing over the last few years.

  • This startup is letting anyone start their own ISP business so they can provide a better alternative to Comcast or AT&T
    Business Insideryesterday

    This startup is letting anyone start their own ISP business so they can provide a better alternative to Comcast or AT&T

    Necto, a startup which was recently accepted into Silicon Valley incubator Y Combinator, wants to make it easy for users to set up their own ISP. While the type of network Necto is using isn't anything new, the company has an different business model it hopes will set it apart. Necto provides network management resources to "operators," who invest up front for network infrastructure and recruit local customers to pay and sign up for the service.

  • Renewed Focus on Profitability Bodes Well for Tesla Stock

    Renewed Focus on Profitability Bodes Well for Tesla Stock

    If we sidestep the dramatic sabotage acts going on at Tesla Inc (NASDAQ:TSLA) right now, we run into the company’s recent solar news. While Tesla stock has been stampeding higher, fueled by a short squeeze, many are still questioning the automaker’s underlying fundamentals. Earlier this month, CEO Elon Musk announced that the company will layoff approximately 9% of its workforce.

  • As trade war looms, China cuts some banks' reserve requirements to boost lending
    Reuters10 hours ago

    As trade war looms, China cuts some banks' reserve requirements to boost lending

    China's central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps), releasing $108 billion in liquidity, to accelerate the pace of debt-for-equity swaps and spur lending to smaller firms. The reserve reduction, the third by the central bank this year, had been widely anticipated by investors amid concerns over market liquidity and a potential economic drag from a trade dispute with the United States. Expectations of a cut had risen after the State Council, or cabinet, said on Wednesday monetary policy tools including targeted cuts in banks' reserve requirement ratios will be deployed to strengthen credit flows to small firms and keep economic growth in a reasonable range.

  • Etihad to loan pilots to competing UAE airline Emirates
    Associated Press9 hours ago

    Etihad to loan pilots to competing UAE airline Emirates

    Long-haul airline Etihad Airways will loan pilots to competing Dubai-based carrier Emirates under a new program, officials acknowledged Sunday, marking a rare cooperation between the two state-owned carriers who operate only 115 kilometers (70 miles) apart. There's always been competition between Emirates, founded by Dubai's rulers in 1985, and Etihad, begun by Abu Dhabi's rulers in 2003. In a statement, Emirates described the move as "a common practice in our industry which gives airlines more flexibility in managing their pilot resources." The Dubai-based airline did not offer specifics on the program, nor say how many pilots from Etihad would be flying with the carrier.

  • MarketWatchyesterday

    Here’s what could happen to Apple’s average selling prices in the next iPhone cycle

    Apple Inc. has struggled to meet Wall Street’s expectations for iPhone units sales in recent quarters, but the company has surprised investors by getting consumers to pay ever more for its phones. The threat of a full-blown trade war isn’t having the impact on investor sentiment and stock prices that might be expected judging by double-digit gains for the Nasdaq and modest but positive returns for the S&P 500 so far this year.

  • MarketWatch7 hours ago

    Micron earnings prove the doubters wrong again

    Opinion: Memory chip maker’s stock gains after it combats every doomsday scenario with results and forecastBloomberg News/Landov”The industry we operate within is structurally different than in the past,” Micron Chief Executive Sanjay Mehrotra said Wednesday. Micron Technology Inc. once again countered all the doubts surrounding its stock Wednesday, as executives forcefully contended that the current strength in memory markets is not just a cyclical upturn. Micron (MU) on Wednesday reported strong profit and sales gains with a forecast that showed confidence that demand for memory chips will continue, along with higher prices of those components.

  • MarketWatch7 hours ago

    Kroger paid too much for meal kit company Home Chef, analysts say

    With a price tag that could reach $700 million, Kroger Co. overpaid for meal-kit company Home Chef, UBS analysts wrote in a Friday note. The deal, announced in May, called for $200 million initially and up to $700 million when Home Chef reaches performance targets. Home Chef was the largest private meal-kit company in the U.S., according to The Wall Street Journal.

  • Gold Price Forecast – Gold sideways on Friday
    FX Empire2 days ago

    Gold Price Forecast – Gold sideways on Friday

    Gold markets have been sideways during the trading session on Friday, as the $1275 level above is resistive. Ultimately, I think that Gold markets will continue to be very noisy, and I think we will go higher to retest the previous uptrend line that I have marked on the chart.

  • TheStreet.com2 hours ago

    General Electric Expulsion From Dow Symbolizes Unsettled Week in Markets

    It was another unsettled week for U.S. equity investors, symbolized in a way by the expulsion of General Electric Co. At the time it was booted GE was the sixth smallest Dow member, with the lowest stock price. The threat sent German auto stocks tumbling and came just before General Motors Co.

  • EU to respond to any U.S. auto tariff move - report

    EU to respond to any U.S. auto tariff move - report

    The European Union will respond to any U.S. move to raise tariffs on cars made in the bloc, a senior European Commission official said, the latest comments in an escalating trade row. U.S. President Donald Trump on Friday threatened to impose a 20 percent tariff on all imports of EU-assembled cars, a month after his administration launched an investigation into whether auto imports posed a national security threat. "If they decide to raise their import tariffs, we'll have no choice, again, but to react," EU Commission Vice President Jyrki Katainen told French newspaper Le Monde.

  • TheStreet.comyesterday

    How to Play Intel Stock After the CEO's Resignation

    announced the immediate resignation of its CEO, Brian Krzanich, due to what the company described in a statement as a "past consensual relationship with an Intel employee." Shares of Intel, which closed at a 17-year high on June 1, responded by falling to a one-month low. Now that the stock is well off of its highs, is it time to step in and buy Intel? Note that Intel's 50-day moving average (green) and 200-day moving average (red) are still climbing, which confirms the bullish trend.

  • Here’s why Goldman says stock-market gains will be capped even as earnings rise

    Here’s why Goldman says stock-market gains will be capped even as earnings rise

    Corporate earnings will rise and the economy will expand in the next few years, but the stock market will see only limited gains, according to analysts at Goldman Sachs. In a Thursday note, strategists led by David Kostin raised their S&P 500 earnings estimate for each of the next three years, but left the price target for the index unchanged at 2,850 for year-end 2018 and 3,000 by the end of 2019. The S&P 500 (SPX) has been unable to break out of its recent range, finishing with a loss of 0.6% on Thursday and down more than 4% from its all-time high set in late January.

  • MarketWatch10 hours ago

    Mortgage rates retreat, capping a grim spring selling season

    Rates for home loans pulled back in line with bond yields as trade war fears sent investors piling into safe assets. The 30-year fixed-rate mortgage averaged 4.57% during the June 21 week, down from 4.62%, mortgage provider Freddie Mac said Thursday. Mortgage rates follow the path of the 10-year U.S. Treasury note,(XTUP:TMUBMUSD10Y=X) although with a lag.