The "Halftime Report" traders give their top stocks to watch for the second half.
This year marks the 50th anniversary of Apollo 11, the historic mission during which Neil Armstrong and Buzz Aldrin became the first humans to land and walk on the moon on July 20, 1969. There are few events in American history that epitomize the intrigue and allure of space exploration as much as Apollo 11, a pivotal moment at the height of the space race that showcased the unique place the cosmos hold in both our imaginations and culture. So perhaps it should come as no surprise that in the five decades since the mission took place, space travel has been an integral source of inspiration for tales on the silver screen.
Author and personal-finance guru Suze Orman ruffled a lot of feathers in a recent podcast, saying that people need $5 million — maybe even $10 million — in order to retire. Orman was responding to a question about the “financial independence, retire early,” or “FIRE,” movement, a growing online trend in which people in their 30s or younger just stop working. Generally, these folks aim much lower — more like $1 million or so — then adjust their cost of living downward.
With financial stress setting in for U.S. shale companies, some are trying to drill their way out of the problem, while others are hoping to boost profitability by cutting costs and implementing spending restraint. “Turbulence and desperation are roiling the struggling fracking industry,” Kathy Hipple and Tom Sanzillo wrote in a note for the Institute for Energy Economics and Financial Analysis (IEEFA). A corporate struggle over control of the company reached a conclusion recently, with the Toby and Derek Rice seizing power.
Amarin (NASDAQ: AMRN) drew the ire of its shareholders last week by rolling out a breathtaking $460 million capital raise. First up, the biopharma recently announced that sales of its prescription omega-3 treatment, Vascepa, have been going strong ever since the drug showed a 25% relative risk reduction in terms of serious cardiovascular events in the outcomes trial known as Reduce-It. Amarin, in turn, reported that its cash position stood at a healthy $221 million at the end of June, thanks to Vascepa's strong sales trajectory.
After getting engaged I found out about her debt, bad FICO score (FICO) excess parking tickets, etc. I educated and worked with her, and she eventually climbed out of it. Life is good, except she has new debt.
President Donald Trump's 2020 campaign store sells “Make America Great Again” hats, T-shirts, cups, towels and even dog leashes. But one of its newest items might be one of the campaign's biggest attempt to troll: Trump-branded plastic straws.
As much of the U.S. faces a heat wave, the appetite for stocks is just as sizzling after Fed Vice Chairman Richard Clarida and New York Fed President John Williams revved up market expectations about rate cuts. Hold your horses, says Mike Wilson, chief investment officer of Morgan Stanley, who tells MarketWatch in an interview that investors should wait for better times to jump into this stock market. “We're not looking for the bottom to fall out like last year, but I do expect a 10% correction in the next three months,” said Wilson, whose end-year S&P 500 target is 2,750.
Mid-caps stocks, like Coherent, Inc. (NASDAQ:COHR) with a market capitalization of US$3.3b, aren't the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks. Today we will look at COHR's financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. Additionally, COHR has generated US$230m in operating cash flow in the last twelve months, leading to an operating cash to total debt ratio of 51%, signalling that COHR's debt is appropriately covered by operating cash.
That being said, there are some potential diamonds in the rough bumping around the penny cannabis stock landscape right now. For example, Aleafia Health (NASDAQOTH: ALEAF) and MedMen Enterprises (NASDAQOTH: MMNFF) both sport intriguing risk-to-reward ratios, despite their exceptionally low price per share. Here's a brief overview of the potential risks and rewards associated with these two penny pot stocks.
Two Southwest Airlines aircraft are out of service after the pair collided with one another Saturday night on the Nashville International Airport tarmac. One flight bound for Atlanta and one for St. Louis were backing up Saturday night when the two collided, a Southwest Airlines Co. (NYSE: LUV) spokesperson told CNN. The collision appeared to knock the 'S' off the winglet of one aircraft, according to a Twitter user.
Here's why Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), Walt Disney (NYSE: DIS), and Intuitive Surgical (NASDAQ: ISRG) belong in that category. Alphabet claims eight products that each have more than 1 billion users every month. The world's biggest company right now, Microsoft, tried to challenge Alphabet's Google Search by launching its own Bing search engine several years ago.
In fact, the country's largest search and e-commerce provider(1)is ultimately controlled by Alibaba Partnership, a collection of 38 people, most of whom hold senior positions in the company. This business structure, called a variable-interest entity, became common among Chinese companies because Beijing restricts foreign investment in certain sectors, such as the internet. It also enables firms to raise money abroad and lets early investors get their funds out of the country. Tencent Holdings Ltd., Meituan Dianping and Baidu Inc. all hew to various versions of the VIE, allowing them to exploit a gap in Chinese law.
AbbVie (NYSE: ABBV) announced in June that it plans to acquire Allergan (NYSE: AGN). Could the company's previous deals provide some insight into how adept AbbVie's team has been at identifying the real value of potential acquisition targets? With this in mind, I developed a report card of AbbVie's acquisitions to identify the possible implications for the Allergan deal.
The company's HoloLens device is the market leader in applications created for enterprise augmented reality -- or "mixed reality," in Microsoft's parlance. If you're an astute tech investor, you may have recoiled when the words "Microsoft" and "device" are mentioned in the same breath. Here's why it's different for AR: Microsoft is focused on enterprise (business) applications, which allows it to seamlessly transition to the company's suite of business applications while minimizing the app and developer weaknesses that have hampered its consumer-focused mobile device offerings.
As approval for T-Mobile US Inc.'s deal with Sprint Corp. looms over the wireless industry, fellow carrier AT&T Inc. (T) will show of the impact of its own mega-deal when the company reports second-quarter results next Wednesday before the opening bell. Earnings: Analysts surveyed by FactSet project that AT&T earned 89 cents a share on an adjusted basis, down from 91 cents a year earlier. Revenue: The FactSet consensus models $44.9 billion in June-quarter revenue for AT&T, while the Estimize consensus calls for $45.1 billion.
In his 1996 letter to shareholders, Warren Buffett offered this advice to would-be investors: "If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes." As such, it makes sense for investors to look at Buffett's conglomerate, Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B), in the same way. After all, Buffett is 88 years old, and his partner and Berkshire's vice chairman, Charlie Munger, is 95, so it's possible that in 10 years both will have left Berkshire, the company they have been running since 1965.
President Donald Trump has reversed his previous criticisms of a North Carolina campaign crowd that chanted “send her back” about a Somali-born congresswoman.
Shares of Kinder Morgan Inc. dropped Thursday in active trading, dragged down by a disappointing earnings report and a selloff in crude oil and natural gas prices. The weakness in oil and gas prices also helped fuel an early selloff in energy stocks, before they bounced later in the session, while Chesapeake Energy Corp. shares (CHK) tumbled on heavy volume to close at a 20-year low. The SPDR Energy Select Sector exchange-traded fund (XLE) fell as much as 1.1% in intraday trading, before bouncing to close up less than 0.1% amid a rally in the broader stock market.
Good content may not be enough Management blamed the usual suspects in the earnings release, noting that its record first-quarter additions of 9.6 million members may have pulled some second-quarter subscribers forward, and also pointed a finger at the quarter's content slate, which it said drove fewer subscriber additions than anticipated. That excuse seems a little feeble, considering the company had a number of seemingly strong releases in the period. Dead to Me, a dramedy starring Christina Applegate, attracted 30 million households in its first four weeks.
But Carey recently downgraded Aurora to neutral only three months after initiating coverage on the stock with a buy recommendation. Wall Street analysts change their views on stocks all of the time, of course. But this latest downgrade for Aurora illustrates the absurdity of giving too much weight to analysts' recommendations.
Seizures of oil tankers and other hostile Iranian measures in the Strait of Hormuz are already raising insurance rates for shipping companies and could eventually reduce tanker traffic in the vital waterway, with a spike in global oil prices a serious risk even without war, energy and maritime experts say. On Friday, Iran seized a British-flagged oil tanker in the narrow passageway that carries one-fifth of the world's crude exports and a second Liberian-flagged ship was briefly detained. "If this kind of problem continues, you might see people start to shy away from the (Persian) Gulf or try to reflag — not be a British tanker," said energy economist Michael Lynch.
Advanced Micro Devices Inc. is the chip maker to watch this earnings season, as the company takes on Intel Corp. and Nvidia Corp. amid problems in the sector that are expected to show signs of improvement. Earnings: Of the 29 analysts surveyed by FactSet, AMD on average is expected to post adjusted earnings of 8 cents a share, down from the 9 cents a share expected at the beginning of the quarter. Revenue: Wall Street expects revenue of $1.52 billion from AMD, according to 28 analysts polled by FactSet.
Hitting the road Raising $1 billion during its initial public offering, NIO debuted as a publicly traded company on the American market in September 2018. According to Reuters, management had higher hopes for the IPO; a source close to the issue claimed that the company had sought a valuation as much as three times higher when it first began the IPO process. On its first day of trading, the stock opened at $6, closed at $6.60, and traded as high as $6.93 for a reasonable pop.
Roughly three-quarters of soon-to-be retirees say they expect their living expenses to either decrease or stay the same in retirement, according to a survey from the Nationwide Retirement Institute. While it's true that some of your expenses will decrease or be completely eliminated (you'll no longer need to spend money dry-cleaning your work clothes or buying expensive office lunches, for instance), there are a few hidden costs that could throw your entire plan out of whack if you don't prepare for them. Seven in 10 retirees can expect to need long-term care at some point in their lives, according to the Department of Health and Human Services, and the average person who needs long-term care will require it for around three years.
What really gets me excited about Lockheed Martin stock for the long term, though, is the company's far-thinking research into a new form of clean energy -- cold fusion -- coupled with the knowledge that this $100 billion company has the financial resources to make a serious attempt at the project. I first started writing about Lockheed's cold fusion aspirations five years ago, when Lockheed said it hoped to have a working cold fusion reactor inside of a decade. Here at the halfway mark, Lockheed just confirmed that it's on its fourth iteration of a test reactor at Skunk Works -- and very close to halfway toward its goal.