Jim Cramer explains why Home Depot's tech-focused hiring spree will help it continue to buck Amazon's retail takeover.
(Reuters) - Procter & Gamble Co reported a surprise rise in first-quarter sales on Friday on strong demand for its beauty products and cleaning supplies, helping it in its fight against competition from cheaper store-branded products. The
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.
The stock market had a tough session on Thursday, with the Dow Jones Industrial Average finishing down over 300 points. Investors continued to worry about rising interest rates in the U.S., but they also turned their attention to the global macroeconomic picture, where new concerns about the prospects for growth in areas like Europe and China weighed on sentiment. Company-specific news hurt certain stocks, and Activision Blizzard (NASDAQ: ATVI), United Rentals (NYSE: URI), and Gap (NYSE: GPS) were among the worst performers on the day.
The market expects Sherwin-Williams (SHW) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2018. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence 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 October 25.
When the media and investors turn negative on stocks but the “smart money” is bullish, it’s a good time to think about buying. After all, exactly what is the smart money, and how do you know? Lately, several fund managers who pass this test have been pounding the table on Chinese internet names.
To understand what it means to be famous like Stormy Daniels, for the reasons she is famous, spend time with her in a public space. On Oct. 15, a California judge threw out the defamation case she filed against Donald Trump. Over the past year, Daniels, 39, has become the Zelig of White House scandals.
The electric-car maker has started taking orders for a mid-range battery Model 3 that goes about 260 miles between charges for $45,000. Offering cheaper versions of the vehicle raised a “big and unanswered question” of Tesla maintaining profit targets for the car, he said. While Tesla is making the Model 3 more accessible to some buyers, the starting price for sedans with the long-range battery is rising to $54,000.
An analyst downgrade based on housing market outlooks has sent stocks from Lowe’s and Home Depot down over the last two days. Both Home Depot and Lowe’s are in downtrends dating back to September. On Wednesday, shares in Lowe’s and The Home Depot were slumping after disappointing housing market data led a key analyst to downgrade his ratings and slash price targets, and both stocks continued the slump into a second day on Thursday.
Limelight Networks (LLNW) came out with quarterly earnings of $0.03 per share, in line with the Zacks Consensus Estimate. A quarter ago, it was expected that this network services company would post earnings of $0.03 per share when it actually produced earnings of $0.04, delivering a surprise of 33.33%. Limelight Networks, which belongs to the Zacks Internet - Services industry, posted revenues of $49.32 million for the quarter ended September 2018, surpassing the Zacks Consensus Estimate by 0.81%.
Goldman Sachs analyst Toshiya Hari reiterated his 'Buy' rating for Nvidia and added the chip-maker to Goldman’s 'Conviction Buy' list.
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.
Inversion is a mental model that involves flipping your outlook to prevent the opposite of what you want to happen from happening. Warren Buffett and his business partner Charlie Munger employed inversion as a business strategy to build Berkshire Hathaway into a powerhouse. In a recent podcast with Brandon of the Mad Fientist, who retired early at 34, productivity expert James Clear said the same strategy Buffett used can help set someone on the path for early retirement.
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
Smithfield Foods, Inc. said in a statement Tuesday that it disposed of more than 50,000 pounds of product after reports of an employee urinating at his station at the company’s processing facility in Virginia.
What happened Shares of Yandex N.V. (NASDAQ: YNDX) dropped 17.8% on Thursday following reports that Russia's state-owned Sberbank may take a controlling stake in the country's leading internet search company. More specifically, according to sources speaking
A federal grand jury has indicted Microsoft's former director of Sports Marketing and Alliances for allegedly trying to create fake invoices for up to $1.4 million, according to the DOJ. The indictment alleges that Jeff Tran tried to route fake invoices through two Microsoft vendors and that he scalped Super Bowl tickets Microsoft acquired through its Surface tablet partnership with the NFL.
After two consecutive off-the-mark quarters, falling short of its own forecasts for subscriber growth, Netflix Inc. hopes to put an end to the big swings in its stock price with some changes to its accounting. In kicking off tech’s earnings season Tuesday, Netflix (NFLX)reported better-than-expected subscriber growth in the quarter, leading to an 11% jump in its shares in after-hours trading. Three months ago, Netflix reported weaker-than-expected subscriber growth, sending its stock tumbling about 12% in the next trading day.
A rumored resort at Walt Disney World finally has been confirmed and is slated to be open in Orlando by 2022. Disney today announced a new 900-room, yet-to-be-named resort on the former site of the River Country water park on Bay Lake. A Disney release describes the property as "nature-inspired" and will be themed to complement its natural surroundings.
America’s CEOs have spent more than $24 million in the 2018 midterms, according to a MarketWatch report, with the majority of that money going to Republicans. MarketWatch analyzed the contributions from 388 CEOs of S&P 500 companies between Jan. 1, 2017, and Aug. 31, 2018, as recorded by the Federal Election Commission. MarketWatch‘s report, released Thursday, includes a searchable database of CEO contributions.
General Motors (NYSE: GM) will report its third-quarter earnings results before the U.S. markets open on Wednesday, Oct. 31. Wall Street thinks that GM's revenue may improve year over year, but it may fall a bit short of that earnings number this time around. GM has just begun rolling out all-new versions of its big-selling Chevrolet Silverado and GMC Sierra pickups.
Rising profits – Ebitda was up 6 percent, year over year – and that Canadian pipeline sale have helped address Kinder Morgan’s biggest problem, its crushing debt. Thankfully, it provided a strong signal on Wednesday evening that it would.
If World Wrestling Entertainment were to abandon its long-term deal with Saudi Arabia, that move could dent the company’s 2019 operating income by between $12 million and $16 million, according to a report from a Wall Street analyst. Eric Handler of MKM Partners maintains a buy rating on the stock, with a 12-month price target of $95. Handler estimates a decision to delay or cancel the wrestling circuit’s November 2 “Crown Jewel” event in Saudi Arabia, or move it out of the country, could cause a $2 million-$3 million hit to fourth-quarter cash flow.
Advanced Micro Devices Inc AMD is set to report third-quarter 2018 results on Oct 24.Notably, AMD has a positive record of earnings surprises in the trailing four quarters, the average surprise being 30.97%. In the last reported quarter, earnings of 14
Sometimes identifying the best stocks to buy can be difficult, but you could do a lot worse than checking out the stocks selected by one of the world’s savviest hedge fund managers — Warren Buffett. Buffett’s stock picks are a popular source for investors, and for good reason. The billionaire Buffett is many things: He’s among the world’s most successful fund managers, a legendary philanthropist and owns more than 60 companies.
Heading into today, shares of the company had lost 4.72% over the past month, lagging the Finance sector's loss of 3.07% and the S&P 500's loss of 2.61% in that time. For the full year, our Zacks Consensus Estimates are projecting earnings of $9.90 per share and revenue of $248.35 billion, which would represent changes of +68.94% and +2.56%, respectively, from the prior year. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.