Apple and other big tech names need to recover for the overall stock market to rebound, says CNBC's Jim Cramer. "Apple has to find its footing" in order to declare the tech correction over, Cramer predicts. Apple AAPL and other big tech names need to recover for the overall stock market to rebound, CNBC's Jim Cramer said Monday.
General Electric’s stock is acting right now like the banks did at the height of the 2008 financial crisis — completely disregarding any soothing words from those in the know. Shares of the fallen industrial giant have tanked 10% over the course of two days as Wall Street grows increasingly concerned about GE’s sky high debt levels, weakening fundamentals and pressured liquidity position. “While liquidity is certainly debatable, we believe this is not really about liquidity, it’s about a deterioration in run rate fundamentals,” said JPMorgan analyst Stephen Tusa in a note on Friday.
Republicans are losing their hold on upper-middle-class suburbs, and the tax reform bill may be to blame. Although a number of races are still too close to call, Democrats have taken 30 seats so far — more than the 23 GOP districts they needed to seize control of the House of Representatives. In swing districts across the country, new Democratic challengers vowed to defy the Trump administration while Republican incumbents touted the benefits of tax reform and a booming economy.
is approaching a very important trend line. Apple could experience some weakness, but it only may be back down to the long-term uptrend. The Moving Average Convergence Divergence (MACD) oscillator has crossed to the downside for a take profits sell signal or a sell in an uptrend.
Sears Holdings Corp. has announced that 40 stores will close in February 2019, adding to the 142 closures the struggling retailer announced previously. The stores, which include both Kmart and Sears locations, will begin liquidation sales late next week, the company said. Sears (SHLDQ) filed Chapter 11 on Oct. 15.
William Cohan of Vanity Fair joins 'Squawk Box' to discuss General Electric after J.P Morgan downgraded the stock.
Analyst Scott Davis says Danaher, which Larry Culp once ran, would "love" to own the life sciences business of GE Healthcare. General Electric GE CEO Larry Culp's latest comments to CNBC about GE Healthcare could indicate an "outright sale" is among the options under consideration, according to a leading industry analyst. Culp called GE Healthcare a "tremendous" franchise, which has "flexibility" in terms of the planned spinoff.
AT&T Inc. ( T) stock has fallen 21%, and now options traders are betting the stock drops 7% to a new low by the start of early next year. The company delivered earnings that came in below analysts estimates at the end of October, despite reporting in-line revenue. The shares recently plunged below technical support at $31.75, now that level will act as technical resistance.
After three weeks of tech earnings reports, we have seen such major companies as Apple Inc. and Amazon.com Inc. hammered after poor forecasts, but the real danger for tech is being voiced by companies that are not such household names. Several semiconductor companies are seeing a slowdown, and, even though they may be in the minority for now, they should not be ignored. Semiconductors, because of where they sit in the global supply chain and how pervasive their use is across so many products, can sound alarms about tech-ecosystem weakness that could be right around the corner.
Advanced Micro Devices, Inc. ( AMD) shares posted dramatic gains between April and September 2018, more than tripling in price into a 12-year high in the low $30s. The stock then got cut in half into late October, undermined by a broad-based decline that dropped the PHLX Semiconductor Index (SOX) to a 52-week low. This stock is no stranger to feast and famine-like price action, carving three parabolic uptrends since the end of the 1990s.
Pabst Brewing Company and MillerCoors are going to trial, with hipster favorite Pabst contending that MillerCoors wants to put it out of business by ending a longstanding partnership through which it brews Pabst's beers. The case has high stakes for Pabst, whose lawyers argue that the company's very existence relies on the partnership with Chicago-based MillerCoors, which produces, packages and ships nearly all its products, which include Pabst Blue Ribbon, Old Milwaukee, Natty Boh and Lone Star. MillerCoors, meanwhile, says it's not obligated to continue brewing for Pabst and that Pabst doesn't want to pay enough to justify doing so.
Investors in NVIDIA Corporation NVDA need to pay close attention to the stock based on moves in the options market lately. What is Implied Volatility? Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
(Bloomberg) -- PG&E shares saw their worst one-day plunge in 16 years, while utility peer Edison International is having its worst day since 2001 amid California wildfires that began in PCG’s service territory.PG&E fell as much as 38 percent in its biggest
High debt levels can increase a company's risk of default. Culp said GE is trying to get "a better grounding in reality" in its ailing power business, which was responsible for its large loss in the third quarter. Culp said he thinks the power business is "getting close" to bottoming out after more than a year of declining revenue and profit.
The Dow Jones Industrial Average midday Monday was trading near session lows, amid a firming U.S. dollar. Last week, investor sentiment was buffeted by a rapid decline in crude-oil prices (CLZ8) which fell into bear-market territory, defined as a drop from a recent peak of at least 20%.
Shares of Apple Inc. took a dive Monday toward a 3 1/2-month low, as a profit and revenue warning from an optical equipment supplier suggested investor worries that iPhone demand may be weakening was becoming reality. Meanwhile, Lumentum Holdings Inc. shares (LITE)plummeted 29% toward a 21-month low, after the company said before Monday’s open that it “recently received a request from one of our largest industrial and consumer customers for laser diodes for 3D sensing to materially reduce shipments” during its fiscal second quarter, which ends December. As a result, Lumentum slashed its adjusted earnings-per-share guidance range for the quarter to $1.15 to $1.34 from $1.60 to $1.75 and its revenue outlook to $335 million to $355 million from $405 million to $430 million.
Shares of General Electric GE just plunged to a fresh nine-year low, and one equity strategist says investors should take note of one particularly devilish level for the stock: $6.66. Equity strategist Matt Maley of Miller Tabak told CNBC's " Trading Nation " on Friday that he was targeting a move down to $6.66, the stock's closing low in early March 2009, around the time of the S&P 500's bottom in the wake of the financial crisis. "J.P. Morgan has a $6 target on it, I'm going to put a $6.66 target on the stock.
Bob Wright, former General Electric vice chairman, weighs in on General Electric shares as they dip below $8 following CNBC’s interview with new CEO Larry Culp.
General Electric shares breached the $8 per share level on Monday as investors grow more skittish about the company’s capital position and debt pile. CEO Larry Culp, on the job just about six weeks, told CNBC during an interview that there is an “urgency” to sell more assets. Last month the company slashed its dividend to one cent and disclosed that the Securities Exchange Commission (SEC) is expanding its ongoing investigation into accounting practices to include a $22 billion goodwill charge the company took in the third quarter related to acquisitions made in its power business.
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average declined sharply on Monday after finishing last week with a gain of 2.8%. Apple Inc. fell 4.2% on Monday after a key supplier issued a profit warning, increasing
Apple shares fell 4.7 percent to $209.67, their lowest since July 27, after Lumentum Holdings Inc, the main supplier for Face ID technology, and screen maker Japan Display Inc cut their forecasts. Lumentum plunged 31 percent and dragged down other Apple suppliers, many of them chipmakers such as Cirrus Logic Inc, Qorvo Inc and Skyworks Solutions Inc.
NVIDIA Corporation NVDA is scheduled to report third-quarter fiscal 2019 results on Nov 15.Notably, the company has a stellar earnings surprise history. In the trailing four quarters, the company’s earnings surpassed the Zacks Consensus Estimate, with
General Electric Co. shares tumbled almost 6% on Friday, closing at the lowest level since March of 2009, after JPMorgan Chase & Co. analyst Stephen Tusa slashed his stock price target to $6 from $10 and said the industrial conglomerate’s recent earnings were worse than expected on almost all fronts. GE stock is on track for its worst year since 2008, when it fell 56%. Tusa now has the lowest target of Wall Street analysts covering GE (GE) cementing his bearish reputation.
The shares tumbled as much as 10 percent Monday as Larry Culp expressed a “sense of urgency” in cutting debt and selling assets. Speaking publicly for the first time since the company spooked investors with its third-quarter earnings report Oct. 30, he also said GE’s troubled power division had yet to hit bottom. The CEO’s failure to stem the stock decline underscored the crisis engulfing GE as weak demand for gas turbines, heavy debt and federal accounting probes fuel one of the deepest slumps in the company’s 126-year history.
(HON) Capital Management, which handles the company’s pension plan, bought shares of (BABA) (BABA), Walt (DIS) (DIS), (DWDP) (DWDP), and (TOL) (TOL). Honeywell Capital didn’t own any of those companies at the end of the second quarter. Honeywell declined to comment on the investment changes made by its subsidiary.