U.S. Markets close in 3 hrs 44 mins

Geno Auriemma trolled the NCAA's cup rule during his press conference

Even UConn women’s basketball coach Geno Auriemma thinks the NCAA’s drinking cup rule during the NCAA tournament is a joke.

  • The ‘smart money’ says it’s time to buy the Chinese internet giants and the U.S. FAANGs
    News
    MarketWatch

    The ‘smart money’ says it’s time to buy the Chinese internet giants and the U.S. FAANGs

    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.

  • Business
    CNBC

    Goldman Sachs sees a correction coming for chipmakers but still likes Nvidia

    "We foresee a cyclical correction approaching and recommend investors to stay selective in Semis," Goldman Sachs said in a note Thursday. Nvidia is Goldman's top choice in the industry. Goldman Sachs warned clients about a downturn coming for the semiconductor sector, but still recommends some chip stocks.

  • Jamal Khashoggi's death may end an era of Bay Area tech investment
    Finance
    American City Business Journals

    Jamal Khashoggi's death may end an era of Bay Area tech investment

    New details have emerged about the killing of journalist Jamal Khashoggi by Saudi agents — involving his beheading and dismemberment upon entering the Saudi consulate in Istanbul, Turkey — thanks to audio files described by Turkish officials. As evidence mounts of the Washington Post columnist’s gruesome death tied to Saudi Arabia, Bay Area tech companies, which have gobbled up billions in funding from the kingdom in recent years, could see that money river dry up as Saudi investment becomes increasingly toxic. A week after Khashoggi’s disappearance, Crown Prince Mohammed bin Salman still vehemently denies any involvement from Saudi Arabia, as does President Donald Trump.

  • Kinder Morgan Beats Q3 Earnings Estimates, Improves Leverage
    Finance
    Market Realist

    Kinder Morgan Beats Q3 Earnings Estimates, Improves Leverage

    Kinder Morgan Beats Q3 Earnings Estimates, Improves Leverage Kinder Morgan’s third-quarter results Kinder Morgan (KMI) announced its third-quarter results on October 17 after the markets closed. The company announced an adjusted EPS of $0.21—up ~40%

  • The same question that can chart a path to early retirement is the one Warren Buffett used to build Berkshire Hathaway into a powerhouse
    Business
    Business Insider

    The same question that can chart a path to early retirement is the one Warren Buffett used to build Berkshire Hathaway into a powerhouse

    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.

  • Business
    Motley Fool

    Why It's No Surprise That Walmart Just Cut Its 2019 Guidance

    After Walmart (NYSE: WMT) acquired Indian e-commerce major Flipkart, it warned that it would cut near-term guidance as a result, and lo and behold, it did. In this segment from MarketFoolery, host Chris Hill and Motley Fool Asset Management's Bill Barker parse out the situation for the various companies involved. Chris Hill: Let's move on to Walmart, which is in the headlines for a couple of reasons.

  • Cramer's lightning round: For growth and yield, go with V...
    KHC
    CNBC Videos

    Cramer's lightning round: For growth and yield, go with V...

    Jim Cramer speeds through his take on callers' favorite stocks, including his favorite pick for "decent growth with good yield."

  • The 1 Thing Investors Should Do Now That Canadian Marijuana Stocks Have Fallen
    Business
    Motley Fool

    The 1 Thing Investors Should Do Now That Canadian Marijuana Stocks Have Fallen

    Canada's highly anticipated recreational marijuana market opened on Wednesday. The three biggest Canadian marijuana producers by market cap -- Tilray (NASDAQ: TLRY), Canopy Growth (NYSE: CGC), and Aurora Cannabis (NASDAQOTH: ACBFF) -- saw their share prices fall by several percentage points. What should investors' response be after the blah performance for marijuana stocks on Wednesday?

  • Is the Sell-Off in US Steel Stocks Overdone?
    Finance
    Market Realist

    Is the Sell-Off in US Steel Stocks Overdone?

    Is the Sell-Off in US Steel Stocks Overdone? US steel stocks US steel stocks, which have been subdued for the last few months, have seen fresh selling pressure this month. Earlier this week, Credit Suisse downgraded US steel stocks from “overweight”

  • How Analysts View Honeywell ahead of Third-Quarter Earnings
    Finance
    Market Realist

    How Analysts View Honeywell ahead of Third-Quarter Earnings

    Currently, 24 analysts are tracking Honeywell (HON), which is more than during the second quarter. The latest analyst consensus target price on Honeywell is ~$178.0, which implies a potential return of 11.6% over the closing price of $159.56. In the past three months, analysts have moved the target price from $173.65 to the current target price, which indicates analysts are bullish on the stock.

  • Nokia in Q3 2018: Why Analysts Are Estimating Lower
    Finance
    Market Realist

    Nokia in Q3 2018: Why Analysts Are Estimating Lower

    Nokia (NOK) is expected to announce its third-quarter earnings on October 25. Analysts expect revenue of $6.4 billion compared to $6.46 billion in Q3 2017, indicating a year-over-year decline of 1%. Revenues for Ericsson (ERIC) and Juniper Networks (JNPR) are expected to fall 4.2% and 6.5%, respectively, in their current quarters.

  • How the Recent Sell-Off Impacted AT&T’s Technical Indicators
    Finance
    Market Realist

    How the Recent Sell-Off Impacted AT&T’s Technical Indicators

    What Investors Should Know about AT&T’s Growth Prospects (Continued from Prior Part) AT&T’s moving averages Now let’s look at AT&T’s (T) technical indicators and compare them to its peers in the telecom space. The sell-off of AT&T stock in October saw

  • Don't Fall Into These 2 Yield Traps: This Stock Is a Better Buy
    Business
    Motley Fool

    Don't Fall Into These 2 Yield Traps: This Stock Is a Better Buy

    For example, USA Compression Partners LP (NYSE: USAC) and CSI Compressco LP (NASDAQ: CCLP) offer investors yields of 12% and 13%, respectively, but they provide a niche service, and results can be volatile. Leverage can be great when things are going well, but can cause problems when times are tough.

  • Cramer: Buy FAANG now
    NFLX
    CNBC Videos

    Cramer: Buy FAANG now

    CNBC's 'Squawk on the Street' team discusses why Jim Cramer is bullish on FAANG stocks.

  • 'It's Not a Republican Problem.' Mitch McConnell Blames Entitlements for Rising U.S. Deficits
    Politics
    Fortune

    'It's Not a Republican Problem.' Mitch McConnell Blames Entitlements for Rising U.S. Deficits

    Senate Majority Leader Mitch McConnell on Tuesday blamed rising federal deficits and debt on a bipartisan unwillingness to contain spending on Medicare, Medicaid and Social Security, and said he sees little chance of a major deficit reduction deal while Republicans control Congress and the White House. “It’s disappointing but it’s not a Republican problem,” McConnell said in an interview with Bloomberg News when asked about the rising deficits and debt.

  • Why American Airlines Group Stock Jumped 6% -- Then Gave Most of It Back
    Business
    Motley Fool

    Why American Airlines Group Stock Jumped 6% -- Then Gave Most of It Back

    Shares of American Airlines Group (NASDAQ: AAL) popped 6.4% in early trading Wednesday before retracting to close the day up less than 1% -- just 0.9%, to be precise. An upgrade assigned to the stock by Deutsche Bank appears to be the primary reason for the move. A Deutsche Bank analyst upgraded American Airlines stock from "hold" to "buy" on Wednesday, as we're told by our friends at StreetInsider.com.

  • Intel restructures manufacturing organization
    Finance
    American City Business Journals

    Intel restructures manufacturing organization

    Chip giant Intel is restructuring its technology and manufacturing business group as it chases more connected device markets and grapples with delays on its next chip generation. In a memo to employees, reviewed by the Business Journal, Group President and Chief Engineering Officer Murthy Renduchintala described splitting the technology and manufacturing business into three groups. The three new groups are technology development, manufacturing and operations and global supply chain.

  • Pricing boost helps Philip Morris quarterly results to beat estimates
    Business
    Reuters

    Pricing boost helps Philip Morris quarterly results to beat estimates

    Philip Morris International (PM.N), maker of Marlboro cigarettes, maintained its full-year guidance on Thursday after higher pricing helped it to report better than expected quarterly sales and profit. Philip Morris is pinning its hopes for the future on its IQOS device, which heats tobacco instead of burning it, thereby producing a vapour instead of smoke. Shares in Philip Morris also fell this week after rival British American Tobacco (BATS.L) cut its full-year revenue target for cigarette alternatives such as vaping pens and tobacco heating devices, citing a flat market in Japan and a product recall in the United States.

  • 7 Stocks Warren Buffett Can’t Stop Buying
    Finance
    InvestorPlace

    7 Stocks Warren Buffett Can’t Stop Buying

    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.

  • Here's everyone who has dropped out of Saudi Arabia's 'Davos of the Middle East'
    Finance
    Yahoo Finance

    Here's everyone who has dropped out of Saudi Arabia's 'Davos of the Middle East'

    U.S. Treasury Secretary Steven Mnuchin tweeted Thursday that he will not be attending the Future Investment Initiative in Saudi Arabia next week. The news comes after prominent members of the world’s business community have been dropping out of Saudi

  • Wall St. falls as investors eye a united hawkish Fed
    Business
    Reuters

    Wall St. falls as investors eye a united hawkish Fed

    By Sinéad Carew NEW YORK (Reuters) - Wall Street's major indexes edged lower after a choppy session on Wednesday after the Federal Reserve showed broad agreement on the need to raise borrowing costs further, cementing investor concerns that had helped

  • Why MannKind Corp. Soared 16.4% Tuesday
    Business
    Motley Fool

    Why MannKind Corp. Soared 16.4% Tuesday

    After MannKind Corp. (NASDAQ: MNKD) announced that it closed on its planned collaboration agreement with United Therapeutics (NASDAQ: UTHR), its shares rallied 16.4% on Tuesday. MannKind only has one Food and Drug Administration (FDA)-approved drug to its name, Afrezza, an inhalable insulin. Afrezza was launched in 2015 and sales have been far shy of optimistic pre-launch forecasts.

  • Bears in for a Tough Ride after Alcoa’s Third-Quarter Earnings
    Finance
    Market Realist

    Bears in for a Tough Ride after Alcoa’s Third-Quarter Earnings

    Alcoa (AA), the leading US-based aluminum producer, released its Q3 2018 earnings yesterday, October 17, after the close of markets (XME). Alcoa’s Q3 earnings were better-than-expected, and the stock was trading sharply higher in after-market trading yesterday. Alcoa reported revenues of $3.39 billion in the third quarter.

  • A former GE exec who trained new managers found that almost all of them were making the same mistake
    Business
    Business Insider

    A former GE exec who trained new managers found that almost all of them were making the same mistake

    Beth Comstock is the former vice chair of General Electric. Comstock would hand out "permission slips" authorizing employees to take risks — but she also said it's important for people to stop hiding behind their excuses. Beth Comstock doesn't tolerate excuses.

  • Crown Castle (CCI) Q3 FFO and Revenues Top Estimates
    Business
    Zacks

    Crown Castle (CCI) Q3 FFO and Revenues Top Estimates

    Crown Castle (CCI) came out with quarterly funds from operations (FFO) of $1.39 per share, beating the Zacks Consensus Estimate of $1.38 per share. This quarterly report represents an FFO surprise of 0.72%. A quarter ago, it was expected that this operator of wireless communications towers would post FFO of $1.33 per share when it actually produced FFO of $1.31, delivering a surprise of -1.50%.