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China 'shocked' by $200 billion tariffs

CNBC's Eunice Yoon reports on China's reaction to the Trump administration's announcement of slapping an additional $200 billion in tariffs on Chinese goods.

  • Business
    CNBC

    Walmart upgraded at Morgan Stanley amid 'unprecedented' cost control

    Walmart is one of just a few good stocks among the nation's largest retailers despite a forecast for declining EPS in 2019, Morgan Stanley says. Analyst Simeon Gutman upgraded shares to an overweight rating from equal weight on Wednesday and told clients to expect it to outperform its peers. Walmart WMT remains one of just a few good stocks among the nation's largest retailers despite a forecast for declining earnings per share in 2019, according to Morgan Stanley.

  • Huawei announces 5G smartphone based on own technology
    World
    Associated Press

    Huawei announces 5G smartphone based on own technology

    Chinese tech giant Huawei announced plans Wednesday to release a next-generation smartphone based on its own technology instead of U.S. components, stepping up efforts to compete with Western industry leaders in the face of Washington's warnings the company might be a security risk. Huawei Technologies Ltd., the biggest global supplier of network switching gear for phone companies, is spending heavily to develop its own chip technology, an area where American vendors are global leaders. That can help reduce Huawei's multibillion-dollar annual bill for components and the risk of disruptions of U.S. supplies.

  • Business
    Bloomberg

    Citigroup's Brexit Warning for London

    Asked about Citigroup Inc.'s Brexit plans, Chief Executive Officer Michael Corbat confirmed what is, by now, a given: assuming U.K.-based finance firms lose their passport to sell services into the European Union, the bank will shift a large chunk of its non-U.K. European assets to the continent. The other near-certainty is that activities with U.K. clients, which make up another third of Citigroup's operations in London, will remain in the country, he said.

  • Why Netflix's Earnings Plunged in the Fourth Quarter
    Business
    Market Realist

    Why Netflix's Earnings Plunged in the Fourth Quarter

    Netflix's Earnings: Analyzing Its Q4 2018 Numbers(Continued from Prior Part)A profit of $134 million Netflix's (NFLX) continued content and marketing investments have subdued its net profits. In last year's fourth quarter, its net income fell

  • Trump's Disapproval Rating Has Hit an All-Time Low, According to New Poll
    Politics
    Fortune

    Trump's Disapproval Rating Has Hit an All-Time Low, According to New Poll

    President Donald Trump's disapproval rating has hit an all-time high in a new Politco/Morning Consult Poll. The poll, which was released on Wednesday, found that 57% of American voters now disapprove of the job Trump is doing. Just as troubling for Trump, 49% of voters now blame him for the partial government shutdown, compared to just 35% of Congressional Democrats, according to Politico.

  • Verizon CEO on what 5G means for consumers
    Business
    Fox Business Videos

    Verizon CEO on what 5G means for consumers

    Verizon CEO Hans Vestberg on the opportunities for growth, what 5G will mean for consumers, the telecom's cost cutting and the outlook for the U.S. economy.

  • Calculating The Intrinsic Value Of Spark Therapeutics, Inc. (NASDAQ:ONCE)
    Business
    Simply Wall St.

    Calculating The Intrinsic Value Of Spark Therapeutics, Inc. (NASDAQ:ONCE)

    How far off is Spark Therapeutics, Inc. (NASDAQ:ONCE) from its intrinsic value? Using the most recent financial data, I am going to take a look at whether the stock is fairly priced by taking the expected future cash flows and discounting them to today's value. It may sound complicated, but actually it is quite simple! Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.

  • Can NVIDIA Recover in 2019?
    Business
    Motley Fool

    Can NVIDIA Recover in 2019?

    NVIDIA's forward P/E is also 20, meaning the market doesn't believe the company will grow its earnings at all in the coming year. Has the hate gone too far, and is the current swoon a buying opportunity? A bad crypto hangover NVIDIA's stock is suffering from many of the same headwinds plaguing all semiconductor companies, including a severe slowdown in the Chinese economy and cloud spending due to the U.S.-China trade war.

  • 3 Top Mining Stocks to Watch Now
    Business
    Motley Fool

    3 Top Mining Stocks to Watch Now

    Furthermore, both precious metals, which make up a pretty large chunk of global mining dollars, gained value the last three months of the year, while mining stocks continued to plummet. It can be very hard to predict commodity prices (especially gold) -- and just buying a basket of mining stocks, on expectations that most will go up, can be a great way to lose money. Instead, investors can do better by finding the top mining stocks best-positioned to deliver solid returns.

  • Can Tencent Music Stock Bounce Back in 2019?
    Business
    Motley Fool

    Can Tencent Music Stock Bounce Back in 2019?

    One of last year's more disappointing IPOs was Tencent Music Entertainment (NYSE: TME), but China's leading streaming music service is starting to make waves. The stock that has been a broken IPO since its third day of trading -- falling below last month's initial $13 price tag -- roared back with its biggest daily gain on Friday. A few analysts initiating bullish calls on the stock last week may be helping, but Chinese growth stocks bouncing back into fancy is the real driver.

  • UK demand boosts revenue for tonic maker Fevertree
    Business
    Reuters

    UK demand boosts revenue for tonic maker Fevertree

    Fevertree Drinks (FEVR.L) said on Thursday it expects to report a surge in revenue for 2018, as warmer-than-usual summer and Christmas demand drove sales of its flavoured tonic water and other mixers. Shares of the company opened 8.5 percent higher as it said it expects revenue to have increased by 39 percent to 236 million pounds in the year ended Dec. 31. Fevertree has rapidly grown over the last few years as sales of high-end gin surged in Britain, while also pushing ahead with its expansion in the United States.

  • Business
    MarketWatch

    Lam Research earnings beat expectations after CEO departure

    Lam Research Corp. (lrcx) shares gained in late trading Wednesday after the chip-equipment company reported better-than-expected quarterly earnings amid a change at the top. It was the first earnings report since Lam Chief Executive Martin Anstice resigned amid allegations of misconduct. New CEO Tim Archer noted fears of a softening chip market but projected confidence in Wednesday's announcement.

  • 5 Pot Stocks Wall Street Believes Will Double
    Business
    Motley Fool

    5 Pot Stocks Wall Street Believes Will Double

    Whether you realize it or not, the cannabis industry had an incredible year in 2018. You might not think this was the case given the underperformance of many brand-name pot stocks, but the industry itself gained validation in a big way after Canada ended nine decades of recreational marijuana prohibition in October. After running a screen on more than three dozen pot stocks, Wall Street expects all but two to head higher, as is indicated by a higher consensus price target than the current share price for these stocks.

  • 5 Best Stocks to Buy and Hold for the Long Term
    Business
    InvestorPlace

    5 Best Stocks to Buy and Hold for the Long Term

    One of the core philosophies of Berkshire Hathaway's (NYSE:BRK.A, NYSE:BRK.B) Warren Buffett is the importance of taking a buy-and-hold approach to investing. About long-term stocks, he once famously said: “I never attempt to make money on the stock market. Buffett is worth a staggering $81 billion.

  • 5 Things Kinder Morgan's Management Wants You to Know About What's Ahead in 2019
    Business
    Motley Fool

    5 Things Kinder Morgan's Management Wants You to Know About What's Ahead in 2019

    Kinder Morgan (NYSE: KMI) recently closed the books on a strong 2018 in which results exceeded its initial expectations on all fronts, which sets the natural gas pipeline company up for continued success in 2019. Founder Rich Kinder led off the call, making a few quick remarks. On the dividend, he stated that "we've raised the dividend from $0.50 in 2017 to $0.80 in 2018, and reiterated our intention to increase it to $1.00 in 2019 and to $1.25 in 2020." That's a 25% increase for the coming year as well as the next one, making the company a top option for dividend growth investors.

  • Progressive (PGR) Q4 Earnings Lag Estimates
    Business
    Zacks

    Progressive (PGR) Q4 Earnings Lag Estimates

    Progressive (PGR) came out with quarterly earnings of $0.44 per share, missing the Zacks Consensus Estimate of $1.01 per share. This quarterly report represents an earnings surprise of -56.44%. Progressive, which belongs to the Zacks Insurance - Property and Casualty industry, posted revenues of $8.61 billion for the quarter ended December 2018, surpassing the Zacks Consensus Estimate by 1.20%.

  • How Many Insiders Sold Rambus Inc. (NASDAQ:RMBS) Shares?
    Business
    Simply Wall St.

    How Many Insiders Sold Rambus Inc. (NASDAQ:RMBS) Shares?

    Rambus Insider Transactions Over The Last Year Chairman Eric Stang made the biggest insider sale in the last 12 months. That single transaction was for US$74k worth of shares at a price of US$12.33 each. Although we don't gain confidence from insider selling, we note that this large sale was at well above current price of US$8.47.

  • IBM Beats Q4 Earnings Expectations But Concerns Still Linger
    Business
    Yahoo Finance Video

    IBM Beats Q4 Earnings Expectations But Concerns Still Linger

    IBM shares jump on Q4 Earnings & cloud outlook. Yahoo Finance's Jackie DeAngelis & Seana Smith discuss.

  • Best Dividend Stocks: 3 High-Yield Stocks Beating The S&P 500
    Business
    Investor's Business Daily

    Best Dividend Stocks: 3 High-Yield Stocks Beating The S&P 500

    The dividend is paid quarterly. Five-year return: Paychex stock delivered a 66% compound stock market return over the past five years (not including reinvested dividends), vs. 48% for the S&P 500. Dividend growth rate: 10% (over the past three to five years).

  • Helmerich & Payne (HP) Earnings Expected to Grow: Should You Buy?
    Business
    Zacks

    Helmerich & Payne (HP) Earnings Expected to Grow: Should You Buy?

    Wall Street expects a year-over-year increase in earnings on higher revenues when Helmerich & Payne (HP) reports results for the quarter ended December 2018. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on January 30.

  • Can Take-Two (TTWO) Keep the Earnings Surprise Streak Alive?
    Business
    Zacks

    Can Take-Two (TTWO) Keep the Earnings Surprise Streak Alive?

    If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Take-Two Interactive (TTWO). This company, which is in the Zacks Toys - Games - Hobbies industry, shows potential for another earnings beat. This publisher of "Grand Theft Auto" and other video games has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports.

  • ServiceNow (NOW) Reports Next Week: Wall Street Expects Earnings Growth
    Business
    Zacks

    ServiceNow (NOW) Reports Next Week: Wall Street Expects Earnings Growth

    ServiceNow (NOW) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2018. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on January 30.

  • Why Vipshop Stock Jumped Today
    Business
    Motley Fool

    Why Vipshop Stock Jumped Today

    The stock's rise was probably primarily driven by an analyst upgrade for the stock, as the analyst named Vipshop one of his top stock picks. So what KeyBanc analyst Hans Chung gave Vipshop stock an "overweight" rating, up one sector-weight rating. In addition, the analyst gave the stock a $10 12-month price target, representing 41% upside from where the stock finished the trading day on Wednesday.

  • 3 Stocks That Are Absurdly Cheap Right Now
    Business
    Motley Fool

    3 Stocks That Are Absurdly Cheap Right Now

    Amarin's shares took flight last year following a positive readout for the company's prescription fish oil pill, Vascepa, in a large cardiovascular outcomes trial called Reduce-It. Reduce-It's favorable top-line results attracted investors in droves for two underlying reasons. First and foremost, Vascepa now appears like it could be a straightforward and cost-effective way to significantly decrease mortality rates among patients with stubbornly high triglyceride levels.

  • Sirius XM (SIRI) Earnings Expected to Grow: Should You Buy?
    Business
    Zacks

    Sirius XM (SIRI) Earnings Expected to Grow: Should You Buy?

    Wall Street expects a year-over-year increase in earnings on higher revenues when Sirius XM (SIRI) reports results for the quarter ended December 2018. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on January 30.