U.S. Markets closed

Brad Stevens not sweating after receiving zero Coach of the Year votes

Celtics head coach Brad Stevens received exactly zero votes from fellow coaches for the NBCA Coach of the Year award announced Wednesday, which went to Toronto’s Dwane Casey.

  • Why Advanced Micro Devices, Inc. Stock Closed 11% Lower on Friday
    Business
    Motley Fool

    Why Advanced Micro Devices, Inc. Stock Closed 11% Lower on Friday

    Analyst Pierre Ferragu from financial firm New Street Research set his price target for AMD at $18 per share, arguing that the stock has been priced for a level of success that simply isn't realistic. "AMD's stock price reflects a scenario we don't believe possible," Ferragu wrote. In particular, Ferragu sees larger rival Intel (NASDAQ: INTC) getting its manufacturing act together as we speak.

  • What happens if you win Mega Millions' $970M jackpot?
    News
    Associated Press

    What happens if you win Mega Millions' $970M jackpot?

    Despite the terrible odds — one in 302.5 million for those keeping score at home — someone will eventually match all six numbers and win the Mega Millions jackpot, which now stands at $970 million. Here are some answers for someone holding that prized lottery ticket for what would be the second-largest lottery jackpot in U.S. history. Lottery officials recommend winners take a deep breath, put their winning ticket in a safe spot and consult with a reputable financial planner before popping over to the lottery headquarters.

  • Now is a ‘once-in-a-lifetime’ chance to invest in US pot companies, investor says
    Finance
    Yahoo Finance

    Now is a ‘once-in-a-lifetime’ chance to invest in US pot companies, investor says

    With some Canadian pot stocks posting triple-digit return rates this year, many retail investors have looked north to pour cash into cannabis. U.S. cannabis companies are worth a lot more than their current valuations suggest since federal illegality has put undue pressure on the industry, said David Wenger, a New York attorney and senior editor of the Cannabis Law Digest.

  • Why Valero Energy, eBay, and New Age Beverages Slumped Today
    Business
    Motley Fool

    Why Valero Energy, eBay, and New Age Beverages Slumped Today

    Some major market benchmarks managed to hang onto their gains, but the Nasdaq Composite, and Russell 2000 indexes posted losses of 0.5% to 1.25%, and the S&P 500 was virtually flat. Valero Energy (NYSE: VLO), eBay (NASDAQ: EBAY), and New Age Beverages (NASDAQ: NBEV) were among the worst performers on the day. Valero Energy dropped 10% after the refinery company announced that it would buy back all outstanding units of its related MLP, Valero Energy Partners (NYSE: VLP).

  • Business
    TheStreet.com

    Micron's Plans to Buy Out Intel's JV Stake Strengthen its Data Center Hand

    There's some risk in such a move, since Micron is committing to upping its exposure to a NAND flash memory market being hit by major price declines that might last well into 2019. The option is exercisable on Jan. 1, 2019, and Micron says the deal will close six to 12 months after. In a statement, Intel suggests the timing of the deal's closing is at its discretion for up to a year after the option is exercised, while indicating it long expected Micron's decision.

  • Why PBF Energy Inc and Other Refining Stocks Are Getting Clobbered Today
    Business
    Motley Fool

    Why PBF Energy Inc and Other Refining Stocks Are Getting Clobbered Today

    Shares of PBF Energy Inc (NYSE: PBF) tumbled as much as 10.9% on Friday, joining a sectorwide sell-off that also saw refiners Valero Energy (NYSE: VLO), Phillips 66 (NYSE: PSX), Marathon Petroleum (NYSE: MPC), and HollyFontier (NYSE: HFC) take it on the chin by sinking more than 5% at one point in the day. A trio of factors seems to be driving these declines.

  • Here’s why you shouldn’t retire super early — even if you can
    Business
    MarketWatch

    Here’s why you shouldn’t retire super early — even if you can

    Despite the many perks of early retirement — waking up whenever you want, for example — it wasn’t the easiest decision. Earnings tend to peak around 48 for men and about 39 for women, according to an analysis by PayScale.

  • Cramer's 5 favorite tech stocks right now, including Appl...
    MSFT
    CNBC Videos

    Cramer's 5 favorite tech stocks right now, including Appl...

    Jim Cramer reveals his top "power" players in the information technology space, including consumer tech plays, software giants and a fintech kicker.

  • Business
    Benzinga

    Jim Cramer Shares His Thoughts On Amarin, AT&T, McDonald's And More

    On CNBC's "Mad Money Lightning Round", Jim Cramer said Arrowhead Pharmaceuticals Inc (NASDAQ: ARWR) is a great speculative stock. Cramer is willing to endorse AT&T Inc. (NYSE: T), but he thinks Verizon Communications Inc. (NYSE: VZ) offers more safety

  • News
    MarketWatch

    Cleveland-Cliffs CEO slams Goldman Sachs analyst on earnings call; 'You are a disaster'

    The chief executive of mining and resources company Cleveland-Cliffs Inc. (clf) slammed a Goldman Sachs analyst on the company's earnings call earlier Friday, accusing him of failing to understand numbers. You are an embarrassment to your parents," Lourenco Goncalves said in response to a question from another analyst on the call, according to a FactSet transcript. "Matthew Korn from Goldman Sachs, you can run, but you can't hide.

  • Suddenly Toxic, Saudi Prince Is Shunned by Investors He Courted
    World
    Bloomberg

    Suddenly Toxic, Saudi Prince Is Shunned by Investors He Courted

    Now Crown Prince Mohammed bin Salman could become the biggest risk to his own project. Everything changed when Jamal Khashoggi walked into the Saudi consulate in Istanbul on Oct. 2 and didn’t come out. Prince Mohammed, who’s denied any knowledge of Khashoggi’s fate, still has his defenders -– notably Donald Trump.

  • The Mega Millions Jackpot Is Now $970 Million. Here's What That Could Buy
    Finance
    Fortune

    The Mega Millions Jackpot Is Now $970 Million. Here's What That Could Buy

    You know the odds of winning the Mega Millions jackpot are insanely low. The jackpot for the Mega Millions drawing, set to take place Friday, Oct. 19 at 11 p.m., is currently estimated at $970 million. Generous souls will give some of their jackpot winnings to charity or start one of their own, but if you’ve got a quirky sense of humor, it’s worth pointing out that the $970 million Mega Millions jackpot is enough to pay for a McDonald’s Happy Meal (hamburger, not Chicken McNuggets) for every person in America.

  • Five reasons why Boeing analysts expect solid third-quarter financial results
    Finance
    American City Business Journals

    Five reasons why Boeing analysts expect solid third-quarter financial results

    Analysts predict Boeing will report solid financial results next week thanks to better-than-expected widebody deliveries and growing airline spending on parts and maintenance. Boeing reports third-quarter earnings for the period ended Sept. 30 before financial markets open on Wednesday.

  • Marathon Petroleum: Analyzing the Short Interest
    Finance
    Market Realist

    Marathon Petroleum: Analyzing the Short Interest

    Will Marathon Petroleum’s Q3 Earnings Beat the Estimates? (Continued from Prior Part) Short interest in Marathon Petroleum The short interest, represented as a percentage of outstanding shares, in Marathon Petroleum (MPC) has risen from 5.4% on July

  • Activision Blizzard’s Latest Performance and Releases
    Finance
    Market Realist

    Activision Blizzard’s Latest Performance and Releases

    Activision Blizzard’s (ATVI) revenue rose at a four-year CAGR (compound annual growth rate) of 13% to $7.2 billion in 2017. Its net income rose at a four-year CAGR of 15% to $1.7 billion. Its Retail Channel and Other segments generated the rest of its revenue.

  • Is CenturyLink, Inc. a Buy?
    Business
    Motley Fool

    Is CenturyLink, Inc. a Buy?

    Legacy landline telecom CenturyLink, Inc. (NYSE: CTL) gets plenty of grief. And understandably so, considering that its legacy business, copper wire landline and internet connections is a steadily declining business while fiber and wireless technologies

  • Hillary Clinton under fire over Lewinsky comment
    Politics
    Fox Business Videos

    Hillary Clinton under fire over Lewinsky comment

    Madison Gesiotto, National Diversity Coalition for Trump, and Democratic strategist Al Mottur on how former presidential candidate Hillary Clinton said that her husband’s affair with Monica Lewinsky was not an abuse of power.

  • This Marijuana Investment Firm's 11 Top Cannabis Picks for Explosive Growth
    Business
    Motley Fool

    This Marijuana Investment Firm's 11 Top Cannabis Picks for Explosive Growth

    The marijuana industry has become a hotbed of investment activity, and players of all sizes are looking to get into the action. On top of all the interest from ordinary investors, cannabis companies have seen demand rise from sophisticated institutional investors that have experience with deploying larger amounts of investment capital in search of high-growth opportunities. One of the most interesting marijuana investment specialists that investors can follow is Canopy Rivers (NASDAQOTH: CNPOF).

  • Can Freeport Turn Things Around with Its Third-Quarter Earnings?
    Finance
    Market Realist

    Can Freeport Turn Things Around with Its Third-Quarter Earnings?

    Freeport-McMoRan (FCX), the leading US-based copper miner (XME), is expected to release its third-quarter earnings on October 24. In this series, we’ll see what analysts are expecting from Freeport’s third-quarter earnings results. The year has been a lackluster one for Freeport as well as the broader metals and mining space.

  • Valero to fold logistics arm back into parent company in $950 million deal
    Finance
    American City Business Journals

    Valero to fold logistics arm back into parent company in $950 million deal

    Less than five years after it was created as a master limited partnership, San Antonio-based pipeline and storage terminal company Valero Energy Partners LP is merging back with its parent company.  Valero Energy Partners (NYSE: VLP) announced after close of market on Thursday that it is merging with Valero Energy Corp. (NYSE: VLO), its general partner Valero Energy Partners GP LLC and Forest Merger Sub LLC, a subsidiary that was incorporated in Delaware as a merge vehicle by Valero on Tuesday. Under a merger agreement filed with the U.S. Securities and Exchange Commission, Valero will buy all outstanding shares of VLP stock at $42.25 per share in a transaction that is expected to be worth $950 million.

  • The Legal Way Canadian Marijuana Stocks Are Tricking Investors
    Business
    Motley Fool

    The Legal Way Canadian Marijuana Stocks Are Tricking Investors

    Following nine decades of prohibition, recreational marijuana is officially legal in Canada, albeit the extent of who can buy, whether the plant can be homegrown, and where product can be purchased really depends on the province. The important fact here is that legalization is expected to usher in billions of dollars of added annual revenue to the industry. This expectation of a surge in sales -- Wall Street is looking for approximately $5 billion in added annual revenue once the industry is up to speed -- is what's behind the more than two-year rally in marijuana stocks.

  • Business
    Motley Fool

    Why IBM’s Brief Growth Streak Just Stalled

    Unfortunately for its shareholders, there was a speed bump on the road to rebound last quarter: The company reported this week that revenue shrank, and growth in its vital "strategic imperatives" businesses slowed. Seriously, when IBM's legacy mainframe business is the strongest performer in a given quarter, one has to see that as a problem.

  • Marijuana investors may lose 90% of their money in Canada, so consider the really big prize elsewhere
    News
    MarketWatch

    Marijuana investors may lose 90% of their money in Canada, so consider the really big prize elsewhere

    Marijuana presents a tremendous opportunity for investors over the next few years. Naïve investors are excited. The reality is that professionals will pick their pockets, and many naïve investors who are excited now will end up losing 90% of their investment.

  • Business
    Benzinga

    Analysts: Micron's Buyout of Joint Flash Venture With Intel A Long-Term Positive

    Wells Fargo Securities analyst Aaron Rakers maintained an Outperform rating on  Micron with a $63 price target. Bank of America Merrill Lynch analyst Simon Woo maintained a Buy rating and $85 price target. Credit Suisse analyst John Pitzer maintained an Outperform rating and $90 price target.

  • Why Is Ford Stock Tanking before Its Q3 2018 Earnings Event?
    Finance
    Market Realist

    Why Is Ford Stock Tanking before Its Q3 2018 Earnings Event?

    Why Analysts Are Pessimistic about Ford’s Q3 2018 Earnings  Ford’s Q3 2018 earnings Ford Motor Company (F), the second-largest US automaker by 2017 vehicle sales volume, is set to release its third quarter of 2018 earnings report on October 24. But before