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Here's some cloud computing news you probably didn't see coming: Microsoft has partnered with Cray to bring that company's supercomputers and its storage system to the Azure platform.
Hasbro, Mattel, Deltic Timber, Potlach, Cisco and BroadSoft are among the stock to watch.
Spotify is singing a sweet tune thanks to a new study. The streaming music service may be valued at $20B when it goes public. Better yet, the company has a chance of being worth $100B someday, according to investment bank GP Bullhound. Yahoo Finance’s Alexis Christoforous, Myles Udland and Melody Hahm figure out why the survey sees so much room for growth with Spotify.
Yahoo Finance's LIVE stock market coverage and analysis.
It's a busy week for earnings with investors still squarely focused on who Trump will name as the next Fed chair.
U.S. specialty metals maker Arconic on Monday named a veteran of General Electric as its new chief executive, a move that pleased Arconic's biggest shareholder, which had been closely examining the hiring of a new leader at the company. Arconic tapped Chip Blankenship as its CEO although Elliott Management, which holds a 12.1 percent stake, had another choice in mind. "Chip Blankenship is an excellent selection... We have confidence that Chip will deliver the results and returns that Arconic is capable of producing," Dave Miller, senior portfolio manager at Elliott, said in a statement.
For the week ending October 20, 2017, crude oil (USO) prices rose from $51.45 per barrel to $51.84 per barrel—an increase of 0.76%.
U.S. stocks struggle to hold above record levels following a winning streak that propelled the Dow and S&P 500 to all-time highs last week.
General Electric was on track to post its worst single-day loss in more than six years, after a bunch of brokerages cut their price targets on the stock, citing higher chances of a dividend cut at the industrial conglomerate. "Earnings is the dominant theme of the market, with talks of tax reforms swirling around on the outside," said Michael Antonelli, managing director of institutional sales trading at Robert W. Baird in Milwaukee. World stocks were lifted to an all-time high after Japanese Prime Minister Shinzo Abe's election victory raised hopes of continued market friendly monetary policies and economic reforms.
Technology behemoth Cisco Systems Inc. (CSCO) is buying up Gaithersburg-based BroadSoft Inc. (BSFT) for $1.9 billion, according to a joint announcement. The all-cash deal, which has Cisco ponying up $55 per share for the cloud-based voice and contact solutions company, is one of the biggest in recent memory (Cisco also bought Columbia-based Sourcefire Inc. for $2.7 billion in cash in 2013). BroadSoft stock has increased 1.36 percent so far Monday, to $54.65 per share.
The Nasdaq lagged, but Apple is holding firm. Will Halliburton and First Solar become market leaders again?
GE’s stock sinks toward a 4 1/2-year low after Morgan Stanley’s Nigel Coe became the third analyst to rate the company the equivalent of sell, saying it is “false” logic to believe things can’t get worse....
Add Saudi billionaire investor Prince al-Waleed bin Talal to the roster of high-profile investors and financiers who don’t believe bitcoin and cryptocurrencies are here to stay.
On Friday, shares of General Electric (GE) battled back from an early 6% drop to finish up 1.1% on the day after releasing earnings. "Our analysis indicates that earnings revisions have been the key driver for GE stock over the past decade," Obin wrote, according to CNBC. Morgan Stanley's Nigel Coe and team, meanwhile, cut General Electric to Under Weight from Equal Weight, despite the fact that they call CEO John Flannery "the right man for the mission." They explain why: We downgrade our rating on GE from Equal-weight to Underweight, as we cut our target price from $25 to $22, which implies downside of 8% from Friday’s close.
THe "Fast Money Halftime Report" traders discuss the two differing calls on General Electric from Bank of America and Morgan Stanley and what will happen if GE cuts its dividend.