Now, analysts at Goldman Sachs are forecasting more pain ahead, pointing to the investment bank's bear market indicator that is "flashing red" at its highest levels in five decades. Bear market indicator is at 73%, its highest since the late 1960s—early 1970s.
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.
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.
During the third quarter, Berkshire Hathaway snapped up a new position in JPMorgan Chase (JPM) of 35.6 million shares, making it the 10th largest stock holding. “I should’ve [invested],” Buffett said at the time.
Suze Orman broke the internet earlier this month when she told the “Afford Anything” podcast that those buying into the FIRE movement (financial independence, retire early) better save at least $5 million to achieve that goal. “Her views ruffled a lot of feathers, but after crunching the numbers, I have to agree — $5 million sounds about right if you want to retire before the age of 60,” the Financial Samurai blog’s Sam Dogen said. Dogen says 40 is the absolute earliest he’d recommend anybody retire, although even then, that’s asking a lot out of your investments.
Canopy Growth Corporation saw its shares fall 13% on Wednesday after reporting disappointing earnings that included a revenue decline. Analysts had expected better results from Canopy after Canada launched legal recreational marijuana sales on Oct. 17. Canopy Growth CEO Bruce Linton doesn’t disagree.
Nvidia NVDA stock slipped 1% during regular trading hours Wednesday just one day before the company is set to report its quarterly financial results. Nvidia has been a graphics chip powerhouse for years, and its recently launched GPUs based on its new Turing architecture are expected to be a game-changer in the gaming industry. Meanwhile, Nvidia is set to benefit from the growth of cloud computing, AI, and machine learning.
Jim Cramer uses a story about a real-life bear encounter to illustrate how investors should approach the stock market's bearish moves.
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.
A halving of the dividend a month later and Warren Buffett bailing on GE a few months later were further signs of deterioration. Also, that pesky analyst Stephen Tusa of JPMorgan hasn't stopped torturing bulls, with negative note after negative note. All of this has buried GE stock, causing it to fall from $11 before earnings on Oct. 30 to new lows of $7.72 just a few days ago.
Stocks with a strong history of dividend growth year over year form a healthy portfolio with greater scope of capital appreciation as opposed to simple dividend paying stocks or those that have high yields. Dividend growth reflects a sustainable business model, a long track of profitability, rising cash flows, good liquidity, a strong balance sheet and some value characteristics. All these superior fundamentals make dividend growth stocks promising investments for the long term.
Check out the companies making headlines after the bell: Cisco CSCO shares rose more than 4 percent during after-hours trading Wednesday after the company reported earnings of $0.75 a share, beating analysts expectations of $0.72. The company also
Semiconductor stocks have had it very easy for the last few years. In looking for semiconductor stocks to dump I’m looking for companies that investors had overreached for, but where the final collapse has not yet come. Put the cash in your pocket while it’s still on the table.
Heading into today, shares of the robotic surgery system company had lost 7.27% over the past month, lagging the Medical sector's loss of 0.16% and the S&P 500's loss of 1.41% in that time. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.02 billion, up 14.49% from the year-ago period. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
The investments were disclosed in a Wednesday regulatory filing detailing Berkshire's U.S.-listed stocks as of Sept. 30, following a quarter when the Omaha, Nebraska-based conglomerate spent $17.7 billion on equities. According to the filing, Berkshire owned $829 million of PNC stock, $460 million of the insurer Travelers, and $2.13 billion of Oracle, the database software company. “While nervous investors fear the end of the economic recovery, Mr. Buffett is buying economically sensitive bank stocks," said Bill Smead, who runs Smead Capital Management Inc in Seattle and owns Berkshire stock.
Since the beginning of October, Verizon Communications (NYSE:VZ) has been one of the best stocks in the market. Indeed, many names have outperformed VZ stock over the period. A nearly 10% rise in six weeks for a mature, low-growth name like Verizon stock is impressive.
It has been a rotten stretch for Apple (NASDAQ:AAPL) bulls the past few weeks, but gravity may finally be losing its grip on shares. If misery loves company, AAPL stock’s 17% correction is even a bit more rotten than the Nasdaq 100’s 14% decline over the past several weeks. It wasn’t long ago — in fact, just about two weeks on the calendar — that I was bearish on AAPL stock in front of earnings.
PG&E shares plummeted after the company disclosed an ‘electric incident’ just before the massive California wildfires. The utility company discloses it may not have enough insurance coverage to cover damages if its equipment caused the Northern Califor...
Advanced Micro Devices (NASDAQ:AMD) consistently squares off against the world’s toughest competitors in the most lucrative markets. What makes this accomplishment so impressive is that Advanced Micro Devices stock has been a different animal since the end of September. On the positive end of the scale, AMD has gained market share against long-time archnemesis Intel (NASDAQ:INTC).
The lawsuit seeking damages against California's largest public utility was filed on Tuesday in San Francisco County Superior Court by three law firms, which refer to themselves as Northern California Fire Lawyers. "It's important to remember that the cause (of the "Camp Fire") has yet to be determined," PG&E said in a statement. The Camp Fire, which began last Thursday, has all but wiped out the Sierra foothills town of Paradise in Butte County, about 175 miles (280 km) north of San Francisco, that was overrun by flames and largely incinerated.
Apple (AAPL) is now down almost 20% from its all-time high. Earlier this year, Apple became the first company with a market capitalization north of $1 trillion. Since reporting earnings on November 1, shares of Apple are down more than 10%.
Despite the many perks of early retirement — waking up whenever you want, for example — it wasn’t the easiest decision. Earnings tend to peak around 48 for men and about 39 for women, according to an analysis by PayScale.
While this sounds impressive, it still wasn’t enough to impress BABA stock investors. Although this year’s single day event beat last year’s numbers, Wall Street was still disappointed, so the stock fell on the news. Beyond this recent drop, 2018 has been a generally tough year for Alibaba stock: In fact, it is down 20% year-to-date. The iShares China Large-Cap ETF (NYSEARCA:FXI) is only down 13% for the same period, so even compared to that, BABA stock still lags.
Shares of chip maker Nvidia Corp. ( NVDA) caught a break this week after one team of analysts upgraded the semiconductor manufacturer ahead of its quarterly earnings results slated for Nov 15. Nvidia, Xilinx to Gain on Burgeoning AI Inferencing Market
In the wake of this selloff, Nvidia might not have to deliver particularly great numbers in its October quarter (fiscal third quarter) report to get a thumbs-up from investors. Nvidia also provides quarterly sales guidance in its earnings reports. TheStreet will be live-blogging Nvidia's report when it arrives after the close on Thursday, along with its earnings call, which starts at 5:30 p.m. EST.