"Hock Tan gets his man," TheStreet's Jim Cramer said on CNBC's "Stop Trading" segment Friday regarding Broadcom (AVGO) CEO Hock Tan, in reference to the company's attempted buyout of Qualcomm (QCOM) . He says Tan will eventually get his wish. Broadcom previously made a $70 per share offer to acquire Qualcomm, valuing the latter at roughly $103 billion. Qualcomm rejected the offer, saying it wasn't enough and even if it was, the tie-up would likely face regulatory hurdles. Interestingly enough, both companies face other M&A situations. On Friday morning, Broadcom closed its $5.5 billion acquisition of Brocade. In Qualcomm's case, the company's much larger $47 billion deal to acquire NXP Semiconductors
Walmart’s (WMT) third-quarter earnings crushed expectations. And a key area of growth for the company was its food business, which had its strongest quarter in almost six years. CEO Doug McMillan said the company’s fresh meat, bakery and produce segments
Shareholders of General Electric Co. (GE) , especially those who are retired and are (or were) relying on the stock's 24-cent quarterly dividend to fund their living expenses, should not panic -- even though the stock is down 8.8% over the last five sessions. But they might want to revisit their rationale for owning GE, which on Friday had a current yield of 4.5%. On Tuesday, John Flannery, the CEO of GE, announced plans to restructure the company and focus on healthcare, aviation and energy, and halve its quarterly dividend to 12 cents a share. Joseph Clemens, the co-founder and owner of Wisdom Wealth Strategies, as well as an instructor for the College for Financial Planning, said investors
It commonly happens in stock investing that investors miss the chance of buying winning stocks that they knew would stand out. One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is ConocoPhillips COP. This year’s expected earnings growth over the prior year is 120.4%, which should ultimately translate into price appreciation.
Jim Cramer holds Nvidia (NVDA) in his charitable trust, but has cut the stock's rating because of the company's recent run-up. "Because of the speed of the last move from the $170s to the $200s, we downgraded [Nvidia] from a '1' to a '2,'" Cramer said during his latest conference call with members of his Action Alerts PLUS club for investors. "Our discipline is to keep you from buying high -- and post-earnings, this stock last time got pummeled. We didn't want to get you into that maelstrom again." Cramer said Nvidia typically has a post-earnings swoon before settling in at a new higher level, a process that repeated itself following NVDA's latest release last week. Despite what Cramer called
Nov.17 -- Jim Paulsen, Leuthold Group chief investment strategist, discusses the impact of the money supply contraction on the economy with Bloomberg's Julie Hyman and Shery Ahn on "Bloomberg Markets."
Buffalo Wild Wings popped more than 24% on reports of a takeover offer from Roark Capital Group. The price of chicken wings is at historic highs and is the root of deeper problems at the company. Buffalo Wild Wings has been struggling lately, with the stock falling 5.43% in the last year.
Investors in Advanced Micro Devices, Inc. AMD 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.
The U.S. dollar was lower on Friday along with Wall Street stocks as investors pulled back from technology stocks and were skeptical President Donald Trump's Republican party would succeed in its efforts at overhauling U.S. tax law. U.S. Treasury yields edged lower, in line with declines in U.S. stock indexes and German 10-year bond yields, as risk appetite faded. The yield curve continued to flatten after strong U.S. housing starts data for October.
Katrina Lake became the first female chief executive officer to take a company public in the U.S. this year when Stitch Fix Inc. started trading on Friday. Almost more unusual is the fact she did it with a fraction of the cash of most venture-backed companies: The online subscription apparel retailer had raised just $42 million. Lake had to do more with less because female entrepreneurs are at a disadvantage when raising money from mostly male venture capitalists. A Bloomberg study last year showed that women founders got about $3 for every $4 that male founders raised. Just 7 percent of founders are women. But Stitch Fix’s IPO shows that this funding shortfall can sometimes be an advantage in
You may have a dollar amount, age or career milestone in mind that's associated with your retirement date. Aim to enter retirement with a comprehensive plan that ensures you're in complete control of your money and life. Your retirement plan should include everything that will impact your lifestyle before the big day arrives.
It started with a deal that never was and ended with the mother of all air show announcements - this week's Dubai Airshow saw little in the way of firm new business, but reminded observers the rivalry between two global giants is as fierce as ever. As stragglers placed a handful of orders, delegates said the show would be remembered for the collapse of an anticipated Airbus deal to sell A380 superjumbos to Emirates and hunger for smaller jets including a record deal for 430 Airbus A320s. A Boeing 787 deal with Emirates also shook up the battle for widebody orders.
The global insurance industry is worth nearly $5 trillion, and insurance companies are at risk of losing a share of this valuable market to new entrants. Some are helping incumbents deliver better end products, while others are directly competing with legacy players.
Coinbase, the US cryptocurrency exchange, is wooing big hedge fund money with a new security platform. The impressive appreciation of cryptocurrencies like bitcoin and Ethereum has finally piqued the interest of big money, but some still have their reservations about whether their crypto-investments will be secure.
Earlier this week, House Republicans laid the foundation for a vote on Thursday which may be decisive for the prospects of the new tax Bill. Meanwhile, late on Wednesday, the legislation’s proponents in the Senate released a version which would do away with a crucial element of the Affordable Care Act (ACA). This is why investing in hospital stocks continues to be a lucrative proposition.
A better-than-expected quarter from Cisco Systems Inc. (CSCO) drove gains in the tech sector and pushed the Nasdaq to a closing high. The rest of Wall Street also rose after the House passed a GOP tax plan, the first step towards a corporate tax cut. Time Inc. (TIME) was higher on reports the publisher is discussing a sale to Meredith Corp. (MDP) . The Koch brothers are reportedly putting up more than $500 million in equity to back a Meredith offer. T-Mobile US Inc. (TMUS) rose after its chief financial officer said the company would propose a significant share buyback program for the board to decide on this month. Buybacks could begin as early as December. Barnes & Noble Inc. (BKS) was sharply
The equity markets bounced back yesterday as the House of Representatives passed a historic tax bill, inching closer to a legislative tax overhaul centered on President Trump’s electoral promise. As investors employ a wait-and-see approach in a classic example of “backing and filling” in the market, they could benefit from ‘cash cow’ stocks that garner higher returns. A high ROE ensures that the company is reinvesting its cash at a high rate of return.
Amazon CEO Jeff Bezos knows what it takes to build a business worth billions and he has his grandfather to thank for part of his success.
Volkswagen AG will spend more than 34 billion euros ($40 billion) over the next five years to develop automotive technology for an era of electric robo-taxis. With the unprecedented investment through 2022, Volkswagen is accelerating its push into battery-powered vehicles, autonomous-driving features and ride-hailing systems, the Wolfsburg, Germany-based company said Friday in a statement. Volkswagen is seeking to defend its status as the world’s biggest automaker as new competitors such as Tesla Inc. and Uber Technologies Inc. emerge as part of the disruptive shift. “We are reinventing the car,” Volkswagen Chief Executive Officer Matthias Mueller said. “The auto industry is facing fundamental
Ballard Power Systems, Inc. BLDP announced that it has signed a Development Agreement worth $9 million with Siemens AG for developing a zero-emission fuel cell engine. The Mireo train platform features energy-efficient components and intelligent onboard network management that will enable the Mireo rail trains to consume 25% less energy than conventional trains. Notably, once Ballard Power’s fuel cell engines are developed, they will be used to run the energy-efficient Mireo trains.
AT&T Chairman and CEO Randall Stephenson has been working for more than a year on the deal, which is worth $85.4 billion, or $108.7 billion including assumed debt. Stephenson said AT&T is "prepared to litigate" at a New York Times conference on Nov. 9, though spokespeople for the telecom did not immediately respond to a query this week. The carrier could be on the hook for a $500 million termination fee if it abandons the deal.
The Senate's latest tax plan would lavish billions of dollars in tax cuts on the wealthiest Americans but leave those at the bottom of the income ladder with higher taxes. Under the Senate plan, all income groups would get big tax cuts early in the coming decade, according to the committee's estimates. The increases are due in part to the phaseout of the tax cuts for individuals beginning in 2025.
Wall Street ended the week on a sour note on Friday, with major indexes slipping modestly as investors weighed the fate of the Republicans' tax overhaul plan. Investors have been hopeful that a tax bill under debate in Congress will boost corporate earnings and further fuel the stock market's record-setting run. "I think there is a fear that they are not going to be able to get enough support to really get something on the president’s desk to sign," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.
The Dow traversed a tense week, suffering losses on two consecutive days after a key component cut its dividend significantly. Adding to the index’s woes were lingering concerns over the Trump administration’s ability to push through its much vaunted
Earnings season is drawing to a close with most of the S&P 500 having reported already, making NVIDIA NVDA easily the hottest earnings from last week. NVIDIA: NVIDIA reported very strong revenue and earnings growth in its fiscal third quarter, easily beating the Zacks Consensus Estimate on both top and bottom lines.