On Aug 13, one of the equity markets’ most closely watched indexes, the Dow, plunged. This marked the blue-chip index’s decline for four consecutive days. On Aug 13, the Dow 30 plummeted 0.5% or 125.44 points.
Wall Street says Ford Motor Co. must cut its dividend. The debate erupting over Ford’s quarterly payout to shareholders -- including the founding family that derives millions from the disbursements -- is exposing a growing and contentious divide over what needs to be done to fix the ailing automaker. Analysts at Morgan Stanley and Berenberg say Ford can no longer afford to pay the 15-cent dividend -- the most generous among its automotive peers -- as earnings evaporate overseas and the company initiates an $11 billion restructuring that it’s said will take as much as five years.
Life may get harder for big American tech firms trying to break into one of the world's biggest online shopping and mobile markets. India is proposing new laws that would protect homegrown companies trying to compete with the likes of Amazon, Facebook, Google, and Apple in online shopping. India wants to level the playing field for domestic startups, store Indian user data in India, and change the rules around how foreign companies sell online in India.
Investors in Tencent Holdings Ltd., once the hottest stock in Asia, are trying to figure out where the bottom is. The Chinese internet giant, best known for its popular games and ubiquitous messaging services, has shed more than $150 billion in market value since a January peak, the biggest wipeout of shareholder wealth worldwide. Some $15 billion evaporated on Tuesday after regulators told the Shenzhen-based company to remove Monster Hunter: World from its PC downloads service just days after the action title’s debut.
"I'm down to maybe four dividend-owning stocks, two shorts, and Amazon and Netflix," the billionaire says. Billionaire entrepreneur Mark Cuban told CNBC on Monday that he's holding much more cash than he normally does because he's concerned about the stock market and U.S debt levels. Cuban said Amazon and Netflix are his biggest holdings.
With Cisco's shares having moved little since that selloff, expectations might be a little lower for Cisco's July quarter (fiscal fourth quarter) report. For the October quarter -- Cisco usually provides guidance within its report -- the consensus is for revenue of $12.58 billion (up 4%) and EPS of $0.69. Cisco's report is due after the close on Wednesday, and an earnings call is set for 4:30 p.m. ET.
Young people are optimistic when it comes to their financial futures. According to new research from Charles Schwab , which surveyed 2,000 young Americans aged 16 to 25, a resounding 76 percent think they'll have a better financial future than their parents. The good news is, "a big percentage put saving for retirement as a high priority," she says.
Aug.14 -- President Trump's top national security aid is said to have warned Turkey's ambassador that the U.S. has nothing further to negotiate until a detained American pastor is freed, signaling a standoff between the countries will continue as Turkey
Recreational marijuana is now legal in Canada as well as a number of states in the U.S. Companies have raced to get in on the multibillion-dollar a year industry, so let’s see how two of the bigger pure-play pot stocks, Cronos Group CRON and Canopy Growth CGC, are projected to perform Tuesday. The Canadian government voted to legalize recreational marijuana use in June, becoming only the second country in the world to legalize the drug nationwide. Meanwhile, nine U.S. states and the District of Columbia currently allow legalized recreational marijuana use, with 30 states giving the okay for medical use.
said recently that the U.S. 10-year Treasury yield "should be 4% today, [and] you better be prepared to deal with rates of 5% or higher -- it's a higher probability than most people think." Is America's most famous banker right ... and if so, how should smart investors play this? After all, no one will clamor for a stock with a 3.6% dividend when the U.S. Treasury will pay you 5% for your money. JPMorgan currently trades at less than 12 times forward earnings.
China’s money-printing industry is running at "full steam" for foreign clients including Thailand, Bangladesh, Sri Lanka, Malaysia, India, Brazil, and Poland, according to reports. The printing is linked to China's Belt and Road Initiative, which has seen China build infrastructure and invest in about 60 countries in Europe, Asia, and Africa. "A nation must have considerable trust in the Chinese government to allow it to print its banknotes," Hu Xingdou, a professor of economics at the Beijing Institute of Technology, told the South China Morning Post.
David Einhorn's Greenlight Capital sold down several positions in technology companies during the June quarter, according to a SEC filing. The billionaire's hedge fund reduced its stake in Apple by 486,000 shares, or 77 percent, according to a required 13-F filing with the Securities and Exchange Commission Tuesday. The fund also decreased its position in Twitter by 901,400 shares, or 36 percent.
AT&T (T) shares are higher on Monday, helped by a vote of confidence from Morgan Stanley. Where we were: AT&T shares have badly trailed the market this year, amid wider underperformance for telecom in general, and concerns surrounding its takeover of Time Warner. Where we're headed: The telecom sector will soon be replaced by the communications services sector, and AT&T itself could get a boost, given its low valuation and potentially growing investor appetite for defensive stocks.
In a matter of just a few years, “the Cloud” has evolved from a budding new tech feature to one of the main factors driving growth in the technology sector. Cloud computing is now an essential focus for software-related companies, and cloud stocks have piqued the interest of many tech-focused investors. New technologies and changing consumer behavior have changed the shape of the technology landscape, and an industry that was once centered on the personal computer has adapted to survive in the world of mobile computing and the Cloud.
Shares in U.S. motorcycle manufacturer Harley Davidson (HOG) traded lower by more than 4% on Monday after president Trump tweeted over the weekend that he supports customers who plan to boycott the company over their plans to shift some production overseas to avoid retaliatory tariffs in the European Union on their products. A big percentage of the products affected are agricultural goods and various types of steel and aluminum, but he EU appears to have targeted Harley Davidson as a uniquely American brand that’s especially popular in areas of the U.S. that supported President Trump in the 2016 election. Europe has become an important market for the company as U.S. sales have slowed with the aging of their key demographics and a large number of used Harleys on the market suppressing demand for new motorcycles.
Semiconductor stocks were battered by market volatility earlier this year, but tech has made a strong recovery, and with several interesting trends like the Internet of Things and artificial intelligence on the rise, it is still an exciting time to be investing in chip-making corner of the technology sector. While tech behemoths like Microsoft MSFT and Apple AAPL may hog all the headlines, it has really been the companies powering their technologies—the semiconductor manufacturers—that have been garnering the attention of Wall Street. Indeed, as our “Computer and Technology” sector has gained about 22% over the past year, semiconductor companies have been a driving factor behind its growth.
The decline in oil prices may accelerate as the U.S. dollar soars higher, and that's bad news for oil stocks. Oil prices and the dollar tend to go in opposite directions, representing what experts call a negative correlation. Should the dollar continue to strengthen against other foreign currencies, the price of oil will probably decline.
Aug.14 -- Joseph Feldman, senior research analyst at Telsey, examines second-quarter results from Home Depot Inc. He speaks with Bloomberg's Tom Keene on "Bloomberg Surveillance."
Tesla Tesla going private at $420 would be too expensive for private investors and too cheap for current shareholders, says Pierre Ferragu of New Street Research. Ferragu says leaving public markets would have "little tangible value" for Tesla. His
Macy’s (NYSE:M) has been one of the bigger beneficiaries. Of course, Macy’s is only cheap if it can get back to stable profits, if not outright growth. Fundamentally, Macy’s has reasonably soft expectations from a headline standpoint in the quarter.
Facebook FB had a rough first-half 2018, fettered by a string of screw-ups related to user data safety, platform security, data sharing and handling procedures along with proliferation of fake news, terrorism-related content and political propaganda.These
The Vanguard FTSE Emerging Markets ETF has slumped nearly 4% in the past week, driven by Turkey's currency crisis. Its top-10 owners include Betterment and Wealthfront, two robo-advisors that predominantly cater to millennials. The value of their
Fidelity Investments recently announced that it was introducing two index funds with zero annual expenses, while also slashing expenses on its other index funds and dropping the required minimum investment on all funds, both actively managed and indexed. Why is Fidelity doing this? When I started writing about mutual funds in the late 1980s, Fidelity’s swagger bordered on nauseating, as it relentlessly peddled a slew of star fund managers, notably Magellan’s Peter Lynch.
Gold rose from near 18-month lows on Tuesday, attempting a break back above the key $1,200 level as the dollar softened and analysts said the precious metal could have fallen too far. Spot gold was up 0.3 percent to $1,196.10 an ounce at 1300 GMT. U.S. gold futures were up 0.3 percent at $1,202.10 per ounce.
ROKU stock hit an all-time high Friday as investors continue to cheer the perceived unbridled growth prospects for the streaming device maker. ROKU stock is priced for perfection. Click to Enlarge Of course, stocks like ROKU trade on fundamentals, but rather on faith and technicals.