Bank of America Merrill Lynch sees a scary good news-bad news scenario unfolding in 2018: A solid push higher in the first half followed by all sorts of potential trouble after. The S&P 500 would peak out around 2,863 in the scenario, or about 11 percent
If the price of crude oil is rising, does that mean it's time to buy energy stocks? According to the Energy Information Administration, U.S. producers cranked out 9.62 million barrels per day in the week ending November 3. Meanwhile, the breakout in crude oil hasn't translated to higher prices for oil stocks.
It's been a banner year for some industrial stocks. Boeing (BA) has soared more than 70% in 2017, while Caterpillar (CAT) has climbed almost 50%, and Deere (DE), which released top-notch earnings today, has jumped 40%. And even Honeywell International (HON) is doing just fine: It's gained 30% so far this year. And then there's General Electric (GE). Yes, we all know that GE's in bad shape--it's 43% drop this year makes that obvious--but the question is how bad. In a note released yesterday, Deutsche Bank's John Inch contends it's bad enough that GE deserves to trade at a big discount: Overall, we believe GE should trade at a valuation discount given still aggressive accounting, cash flow pressures
Toyota Motor Corp. (TM) opened its first U.S. plant in 1988 in Georgetown, Kentucky. Now Toyota is threatening to move Camry production unless the plant quickly cuts costs. The video made the point that Toyota could build a Camry in Japan, ship it to Kentucky, and sell it for a bigger profit than it could by selling a car built in the state.
Rich Ross, Evercore ISI, discusses what stocks to buy at all-time highs.
The Justice Department is citing some surprising authorities in its lawsuit to stop AT&T Inc. from buying Time Warner Inc.—namely the companies themselves. Time and again, the complaint quotes from statements and filings by AT&T and Time Warner to make the government’s case that the $85 billion merger would be bad for customers. The Justice Department strategy puts AT&T and Time Warner in the tricky position of having to explain that while, yes, they did write or say those words, they don’t imply what the government says they imply.
Bitcoin fell the most in a week after the company behind cryptocurrency tether reported a $31 million theft. The amount was taken from the Tether Treasury wallet on Nov. 19 and sent to an unauthorized bitcoin address, according to an announcement on the company’s website posted on Tuesday. Bitcoin dropped as much as 5.4 percent, the most since Nov. 13.
We issued an updated research report on Wells Fargo & Company WFC on Nov 20. The San Francisco-based company has traditionally followed organic and inorganic growth strategies. However, it is struggling with legal issues and escalating costs.Troubles
TORONTO/SAN FRANCISCO (Reuters) - Struggling ride-hailing firm Uber [UBER.UL] faces a fresh regulatory crackdown after disclosing it paid hackers $100,000 to keep secret a massive breach last year that exposed personal data from around 57 million accounts. Discovery of the U.S. company's cover-up of the incident resulted in the firing of two employees responsible for its response to the hack, said Dara Khosrowshahi, who replaced co-founder Travis Kalanick as chief executive in August. "None of this should have happened, and I will not make excuses for it," Khosrowshahi said in a blog post.
Advanced Micro Devices Inc. AMD recently announced that Hewlett Packard Enterprise’s HPE new ProLiant DL385 Gen10 server, which is powered by AMD’s EPYC processor has set new records across SPECrate2017_fp_base and SPECfp_rate2006.Notably, HPE Cloudline
Kevin Kaiser was on an airplane this summer, staring into his laptop, when he came up with the idea for taking on billionaire pipeline magnate Kelcy Warren. He was scrutinizing a nearly year-old prospectus for Sunoco Logistics Partners LP’s acquisition of Energy Transfer Partners LP, an agreement that merged two parts of Warren’s energy empire. For months, the 30-year-old Hedgeye Risk Management LLC analyst had heard clients complain that the deal -- along with a host of other Energy Transfer moves -- enriched Warren but did little to benefit Energy Transfer Partners unitholders, Kaiser said in an interview. Reading the prospectus, Kaiser realized Energy Transfer Partners investors could band
Earlier this month, Boeing's (BA) market cap overtook General Electric's (GE) knocking the conglomerate from the top of the industrials sector for the first time in decades. It's been a tumultuous year for GE for sure, with the stock down more than 40% year to date, following poor earnings and its dividend cut and leaving investors wondering what to do now. Yet Boeing has been on just the opposite track, climbing more than 71% this year on healthy orders and upbeat earnings. And Boeing looks on track to close out the year with strength. Jefferies' Sheila Kahyaoglu reiterated a Buy rating on the stock today and raised her price target by $12 to $312, writing that she's confident that Boeing can
Decades after they were banned from the airwaves, Big Tobacco companies return to prime-time television this weekend — but not by choice. Under court order, the tobacco industry for the first time will be forced to advertise the deadly, addictive effects of smoking, more than 11 years after a judge ruled that the companies had misled the public about the dangers of cigarettes. Tobacco control experts say the campaign — built around network TV and newspapers — will not reach people when they are young and most likely to start smoking.
Bitcoin pushed beyond $8,000 this week, a boon to those willing to pour money into a risky and speculative piece of code that's hoarded more than spent. Despite all the evangelizing about the blockchain's decentralized nature, the days of a global network of laptop-toting techies mining Bitcoin from home or the coffee shop appear to be over. This isn't great news for big listed chipmakers such as Advanced Micro Devices, Inc. and NVIDIA Corp., whose graphics cards have been used to do the power-sucking computations needed to confirm transactions.
The “Fast Money” traders discuss Square's performance and recent investments that made the stock pop.
Stocks (^DJI, ^GSPC, ^IXIC) continue to climb as this shortened holiday trading week progresses. All the sectors are in the green, with technology (XLK) leading the pack. Alan Valdes, director of floor operations at Silverbear Capital, joins us live
Fmr. Wells Fargo CEO on taxes and the impact on home buyers 35 Mins Ago | 02:29 There may be concerns about the impact of the Republican tax reform bill on the housing market, but former Wells Fargo CEO Richard Kovacevich told CNBC on Tuesday that it is mainly the rich who will feel the pain. The House GOP plan halves the deduction of mortgage debt for newly purchased homes to $500,000, while the Senate bill leaves it intact at $1 million. However, the Senate proposal calls for the elimination of state and local tax deductions. The House bill limits those deductions. Kovacevich told "Power Lunch" the changes may slow down the real estate market for a short time. However, he doesn't believe
Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Apple AAPL, Adobe ADBE, Anheuser-Busch BUD, Tesla TSLA and General Mills GIS. Today, Zacks is promoting its ''Buy'' stock recommendations.
Because I can just hear myself advising some rich family what to do with its wealth, and I would have to go heavily toward stocks, because there are so many bubbles out there and the stock market isn't one of them. The rich people there know to buy Bitcoin.
(0:20) - Amazon's Retail Growth and Expansion(2:40) - Whole Foods Acquisition: How Does This Benefit Amazon?(12:45) - Amazon Bookstores Impact On Sector(24:40) - Clothing Brands of Amazon(33:00) - Episode Roundup: Podcast@Zacks.comWelcome to Episode #
Notable earnings reports expected Tuesday include Campbell’s Soup (CPB), Lowe’s (LOW), Dollar Tree (DLTR), and salesforce.com (CRM). All will not be quiet in the nation’s capital, however, as President Donald Trump is set to pardon his first set of turkeys since taking office at 1 p.m. ET. President Donald Trump will pardon two turkeys on Tuesday at the White House.
Salesforce reported its third quarter earnings for fiscal year 2018 on Tuesday. Revenue (GAAP) for the third quarter was $2.68 billion, compared to analyst expectations of $2.65 billion. Projected revenue (GAAP) for the fourth quarter is between $2.801 billion and $2.811 billion, compared to analyst estimates of $2.79 billion.
Hedge funds are borrowing more to buy equities, a sign of growing confidence in the economy and their favorite stocks. Leverage among mangers who speculate on rising and falling shares has climbed this month to near the highest levels since the bull market began in 2009, according to data compiled by Goldman Sachs Group Inc. on its hedge fund clients. The increasing use of borrowed money shows that professional money managers are willing to take more risks after trailing the market for an eighth straight year. While leverage means bigger losses if stocks fall, the downside has been minimal this year, with the S&P 500 Index going longer than ever without a 3 percent drop. And nobody wants to miss
For Immediate ReleaseChicago, IL – November 21, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks
Whitman, one the most high-profile executives in the United States, said on Tuesday she would quit as CEO in February and hand over the reins to company veteran Antonio Neri. After reports surfaced that she was being considered for the top job at Uber, Whitman reinforced her dedication to the role in July by saying that she was fully committed to HPE and planned to remain CEO. "We have a lot of work still to do at HPE and I am not going anywhere.