The Blackstone Group L.P. BX has lately been witnessing downward revisions. The Zacks Consensus Estimate for earnings of $2.75 for 2017 declined 1.1% over the last 60 days. The stock carries a Zacks Rank #3 (Hold) with an unimpressive Growth Score of F. Our research shows that stocks with a Growth Score of A or B when combined with a Zacks Rank #1 (Strong Buy) or 2 (Buy) offer the best upside potential.
It has been about a month since the last earnings report for Advanced Micro Devices, Inc. AMD. Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. AMD reported non-GAAP earnings of 10 cents per share compared with 3 cents per share in the year-ago quarter.
Per a recent FierceTelecom report, Verizon Communications Inc VZ has come up with a range of wireline and wireless offers for Thanksgiving shoppers.Currently, Verizon carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank
The benchmark S&P and the blue-chip Dow Jones Industrial Average ended higher for the first time in three weeks, while the Nasdaq Composite posted its best performance since the first week of September. The stock markets closed early on Black Friday, a day after Thanksgiving, the start of the holiday shopping season that accounts for as much as 40 percent of retailers' annual sales. Adobe said Black Friday online sales were up 18.4 percent at $640 million as of 10 a.m. ET and would rise to a record of $5 billion.
Macy's stock rose 4% to $21.45 on Black Friday, outperforming other large retailers. CEO Jeff Gennette said on CNBC the company had "very robust online demand" on Black Friday this year. The stock is struggling amidst an ongoing retail apocalypse and is down 39.01% this year.
It’s the most valuable company in the world with a market cap nearing $1 trillion, its stock soared more than 50% in 2017 and it turned in blockbuster earnings for its fiscal fourth quarter. But that still wasn’t impressive enough for some hedge funds. Apple Inc. AAPL, +1.05% for all its brand power and the x-factor of its iPhones, failed to make the top 5 stocks popular with hedge funds, according to Goldman Sachs, in a report Wednesday. It came in at number seven, between Time Warner Inc. TWX, +0.50% and Bank of America Corp. BAC, -0.26% Hedge funds have made a killing by investing heavily in the information technology sector so far in this year, with returns of 10%, posting their best year
On Nov 29, Zacks Investment Research upgraded Hormel Foods Corporation HRL to a Zacks Rank #2 (Buy) from a Zacks Rank #3 (Hold). We perceive that the upside is primarily stemmed by the company’s robust fourth-quarter fiscal 2017 results. Going by the
Jim Cramer watches for one chart pattern that can tell you a stock is ready to skyrocket.
Today is Black Friday, of course — the day retailers traditionally turn a profit on their ledgers, switching from red ink to black. Stock market participants will be paying extra attention to how companies like Walmart WMT and Tiffany’s TIF perform in their fiscal fourth quarters, especially as Amazon’s AMZN online juggernaut continues relatively unabated. Can companies like Macy’s M beat back Amazon’s extensive stock and ease of delivery?
“We informed SoftBank that we were investigating a data breach, consistent with our duty to disclose to a potential investor, even though our information at the time was preliminary and incomplete," Uber said in a statement. "We also made clear that our forensic investigation was ongoing," Uber said. "Once our internal inquiry concluded and we had a more complete understanding of the facts, we disclosed to regulators and our customers in a very public way.” Uber described its early discussion with SoftBank when asked to comment on a Thursday Wall Street Journal report on the disclosure, which the newspaper said occurred about three weeks ago. The Wall Street Journal also said that more than two months elapsed between the time Uber Chief Executive Dara Khosrowshahi learned of the breach and this week's disclosure, citing unnamed sources familiar with the matter.
Amazon.com founder and CEO Jeff Bezos' net worth has hit $100 billion. Retail stocks have surged after strong Black Friday sales figures, pushing Amazon stock to record highs and adding $1.7 billion to Bezos' fortune. Jeff Bezos, the world's richest person, has a net worth of $100 billion after Black Friday buzz sent Amazon stock soaring to record highs.
Nov.23 -- S&P Global Chief Economist Asia-Pacific Paul Gruenwald discusses China's economy and talks about the country's credit data. He speaks on "Bloomberg Daybreak: Asia."
Yum! Brands, Inc. YUM remains on track to achieve its target announced under the three-year strategic transformation plan, following the separation of the company’s China division. Notably, the company’s transformation and growth strategy involves greater focus on the development of its three iconic global brands — KFC, Pizza Hut and Taco Bell, increasing its franchise ownership and creating a leaner, more efficient cost structure. Currently, Yum! Brands owns, operates and franchises over 44,000 restaurants in more than 135 countries and territories.
General Dynamics Corp.’s GD business division, Ordnance and Tactical Systems secured a contract worth $14.7 million for supplying machine gun barrels. Per the three-year contract with no option periods, the machine gun barrels will be used by the U.S. Army. It will be executed in Vermont and will utilize Army working capital funds of fiscal 2018 through 2021.
BlackBerry Limited BB recently announced partnership with Fujisoft Incorporated and Hitachi Industry & Control Solutions, Ltd. to expand the embedded software design and delivery.The companies have joined BlackBerry’s previously announced Value-Added
Analysts gave differing outlooks for U.S. shale output in a briefing to officials from the Organization of Petroleum Exporting Countries, stoking concern ahead of OPEC’s planned meeting on Nov. 30, according to people with knowledge of the discussions. The analysts included Andy Hall, the veteran crude trader who closed his hedge fund this year, said the people, who asked not to be identified because the briefing was private. The duration of any extension in output limits will depend partly on estimates of future supplies of U.S. shale and other competing crudes. OPEC and allied producers including Russia are to gather next week in Vienna to assess oil markets and decide whether to extend their historic cuts beyond March.
Swissquote Bank SA upped its cryptocurrency game with the release of an exchange-traded product that will attempt to curb volatility by switching holdings between bitcoin and dollars. The Switzerland-based online trader called its offering the first actively managed bitcoin certificate. Funds will be shifted between the digital currency and cash based on an algorithm that will use “technical signals” and sentiment expressed on social media to try to forecast the market. Trading will take place on the SIX Swiss Exchange. Online trading firms, hedge funds and foreign-exchange platforms are launching new bitcoin products to try to get onboard a rally that has seen the biggest cryptocurrency surge
DUBAI/LONDON (Reuters) - German business software giant SAP , which last month said its South African sales commissions were being probed by U.S. regulators, has launched an investigation into its business practices in the Gulf region, it said on Wednesday. The company also said one of its executives in the Gulf region had resigned and another was on administrative leave, without giving further details. It is a big supplier of corporate compliance software.
The market value of Chinese companies listed outside China is sneaky large, something that American billionaire Mark Cuban hinted at in a tweet aimed at President Donald Trump. Chinese companies with their primary equity listings in Hong Kong and not traded on the mainland have a combined market value of more than $2 trillion, data compiled by Bloomberg show. That includes market cap leader Tencent Holdings Ltd. The biggest 130 companies with a primary listing in the U.S., such as Alibaba Group Holding Ltd., Baidu Inc. and JD.com Inc., add about $900 billion. That’s about parity with Brazil’s equity market capitalization. Alibaba, based in Hangzhou and listed in New York, was Cuban’s case in
HONG KONG (AP) — Asian stock markets were mostly lower Friday with investors finding little guidance with Wall Street closed for the Thanksgiving holiday and Chinese markets in focus after a big sell-off the previous day.KEEPING SCORE: Japanese shares
As Royal Caribbean Cruises Ltd. RCL approaches the end of its Double-Double program, bookings are at record levels, dividends are at an all-time high, costs have been well managed and guest satisfaction has improved significantly. Consequently, the company’s shares have rallied 51.9% in the past year, as against the industry’s growth of 25.1%. The company has thus once again developed a multi-year period program named — 20/20 Vision — that leverages the culture and the discipline instilled by the Double-Double program while including a broader set of goals.
United Parcel Service has acquired a manufacturing pharmacy license from Georgia's Board of Pharmacy, enabling the company to not only ship pharmaceuticals, but to relabel them. While UPS has for years acted as a carrier for drug companies like Merck — which has a facility based in Georgia — the new license would effectively give the shipping company more flexibility in handling the product. A UPS spokesperson confirmed the new license was obtained, but maintained that this was part of standard operating procedure in order to remain compliant with federal law. The new license could also be required if UPS wanted to add an insert to a shipping package, the spokesperson said. "UPS recently obtained
The holiday season has kicked off with Thanksgiving Day and now it’s time for Black Friday — one of the busiest shopping days of the year. Retailers are splurging on promotions, early-store openings, heavy discounts, as well as free shipping on online
and Tencent, have each more than doubled. While some of the run-ups feel a little stretched -- particularly, Amazon, Netflix, Alibaba and Tencent's -- we're still generally well-removed from the nosebleed levels of the Dot.com bubble, and until events happen that lead investors to seriously question their sales and profit expectations for these companies, the odds of a giant selloff happening don't feel especially high.
Stock futures pointed toward a strong opening for Wall Street on Friday, Nov. 24, as retailers and consumers alike prepared for the busiest shopping season of the year during a shortened Black Friday trading session. Dow Jones Industrial Average futures gained 55 points, or 0.23%. S&P 500 Index futures rose 8 points, or 0.29%, and Nasdaq futures increased 11 points or 0.18%. U.S. stock markets will close Friday at 1 p.m. ET, three hours earlier than normal. Stock in the U.S. ended mixed on Wednesday, Nov. 22, after the release of minutes from the Federal Reserve's most recent meeting showed the central bank is still concerned about the pace of inflation, but remains optimistic about U.S. economic