Check out this week's Fantasy Baseball Fearless Forecast
Check out this week's Fantasy Baseball Fearless Forecast
Wall Street suffered a setback on Wednesday, as pessimism related to goings-on in Turkey cascaded across the emerging-market space and threatened the long rally in the U.S. and other major international stock markets. In addition to the general malaise, some stocks fell on company-specific issues that worried investors. J.C. Penney (NYSE: JCP), Diamondback Energy (NASDAQ: FANG), and Micron Technology (NASDAQ: MU) were among the worst performers on the day.
The Dow Jones Industrial Average notched a dubious distinction on Wednesday, as U.S. equity benchmarks fell firmly lower. The blue-chip benchmark failed to move 10% above the closing low hit earlier in the year, and has now spent the longest period in correction territory—131 trading sessions—since the 223 sessions in 1961, according to Dow Jones Market Data. Some market-technician purists believe that an asset must put in a new high to officially emerge from correction phase.
On August 1st, I made a chart commentary titled Correction Time? Listen to This Grizzly to Decide. I concluded the worst we might see in August was a 5% pullback to S&P 2700.But since then, the market and its sectors have made some decisive moves to indicate
Aug.13 -- Hon Hai Precision Industry posted a surprise drop in earnings as slowing demand for Apple’s iPhones squeezed profit margins at the world’s biggest contract assembler of electronics. Bloomberg Opinion columnist Tim Culpan breaks down the results on "Bloomberg Daybreak: Asia."
Foods Co., a unit of Kroger, the largest supermarket chain in the U.S., will no longer accept payment from customers using credit cards issued by Visa, the largest credit card company in the U.S. The ban on Visa credit cards – but not debit cards – was set to go into effect Tuesday. The grocery store chain announced the policy change last week, saying it was due to Visa’s interchange rates, which merchants pay to banks whenever a customer uses a corresponding card at the store.
The FBI just warned banks that their customers’ accounts could be targeted by a worldwide ATM hacking scheme. The attack, known as an “ATM cash-out” or “unlimited operation,” is expected in the coming days, and will likely take place on a weekend or after banks have closed, according to information obtained by the FBI. The warning was issued only to banks, not the general public, but was publicized by Brian Krebs on his cybersecurity blog, Krebs on Security.
Waste Management (NYSE: WM) gave some key insights into its core business drivers during its second-quarter earnings call. Here are the highlights of the call, as well as how the trash titan intends to create value for long-term investors. 1. A best-in
Nvidia is set to issue its quarterly report after the close on Thursday, and analysts expect more strong double-digit growth. Time To Buy Nvidia Stock? Nvidia stock has been on a massive run over the past few years, and the base it's now forming is a late-stage base.
Independent U.S. Sen. Bernie Sanders won Vermont’s Democratic Senate primary on Tuesday but was expected to turn down the nomination, as he did in his previous campaigns, and support other Democratic candidates. In Tuesday’s Democratic balloting, Sanders defeated little-known candidate Folasade Adeluola, who said she believes Vermont needs a full-time senator. Sanders, long one of Vermont’s most popular politicians, is thought to be considering a presidential run in 2020 and already is on Vermont’s November ballot as an independent.
Ford's dividend yield is around 6%, a level that generally suggests that investors think a dividend cut is on the way. Ford's chief financial officer, Bob Shanks, thinks the company's current dividend is sustainable, even through a moderate recession.
Warren Buffett built much of his fortune investing in high-quality companies. Many of the companies that are part of Berkshire Hathaway's portfolio have durable competitive advantages that allow them to stand the test of time. If you're looking for Buffett-style stocks, three of our Motley Fool contributors think you should check out United Parcel Service (NYSE: UPS), General Mills (NYSE: GIS), and Allergan (NYSE: AGN).
If you or your children are eating Cheerios right now, there’s a good chance that they’re accompanied by a potentially harmful weed killer called Roundup. The Environmental Working Group (EWG) on Wednesday released the results of a test it conducted on popular oat-based products, like Cheerios, Lucky Charms, Kind Bars, Nature Valley bars, and others, to determine whether they contained any of the herbicide glyphosate. Glyphosate is the active ingredient in Monsanto’s Roundup weed killer, and at high levels, has been linked to cancer.
Tesla's board in damage control after Elon Musk's controversial tweet. Yahoo Finance's Seana Smith, Andy Serwer, Dan Roberts and Mattie Duppler, Senior Fellow at the National Taxpayers Union discuss.
Canopy Growth, the world's largest marijuana company, is set to report earnings after the closing bell Tuesday. The stock has long been popular among millennials on Robinhood, and Tuesday was no exception. Canopy Growth — the world's largest marijuana company and the first to trade on the New York Stock Exchange — has been a wildly popular stock among millennial investors, and heading into the Canadian company's firs- quarter earnings report, that enthusiasm was only growing.
Apple could launch two major new products in the coming years, according to an expert report. Together, the categories could help propel Apple to be the first two-billion-dollar, analyst Ming-Chi Kuo wrote. Apple broke through the one-billion-dollar market cap record last week.
Tech and healthcare jobs dominated the list of highest-paying jobs in America, according to a new report by Glassdoor. Looking at the top-paying jobs across U.S.-based companies, the job search firm pulled salary reports for job titles from July 1 last
General Electric shares were off by more than 2% at one point Wednesday, dropping below $12 a share for the first time since the summer of 2009, as investors apparently remain unconvinced that the company’s turnaround plan will stem the bleeding. Earlier this year, the negativity surrounding the stock reached a fever pitch when, at an industry conference, CEO John Flannery talked about the future.
The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc (TSLA.O) regarding Chief Executive Elon Musk's plan to take the company private and his statement that funding was "secured," Fox Business Network reported on Wednesday, citing sources. The electric carmaker's shares fell as much as 4 percent but cut their losses after Goldman Sachs Group Inc (GS.N) said it was dropping equity coverage of Tesla because it is acting as a financial adviser on a matter related to the automaker. Investors viewed the Goldman statement as confirming a tweet from Elon Musk on Monday about working with Goldman, even as the reported subpoenas indicated the SEC has opened a formal investigation into a matter.
After Tuesday’s reasonable “turnaround,” investors took the full brunt of selling pain on Wednesday, with major indices falling about 1%. Chinese stocks remain under pressure and a big cannabis deal took place. Let’s look at our top stock trades. Top
Why Cannabis Stocks Took a Beating Yesterday Cannabis stocks fell On August 14, the overall cannabis sector was in the deep red. The Horizons Marijuana Life Sciences ETF (HMMJ) fell 4.5% during the day, while the Emerging Marijuana Growers Index ETF
Cisco Systems Inc. shares rose in the extended session Wednesday after the networking company’s earnings and outlook topped Wall Street estimates. Cisco (CSCO) shares advanced more than 6% in after-hours trading, following a 0.3% decline to close at $43.86 in the regular session. At the close, Cisco shares are up 14.5% for the year while the Dow Jones Industrial Average (DJIA) , which counts Cisco as a component, is up 1.8%, the S&P 500 index (SPX) has gained 5.4%, and the tech-heavy Nasdaq Composite Index (COMP) has advanced up 12.6% in the same period.
Berkshire Hathaway strengthened its position in Southwest Airlines and trimmed the number of shares it owns in American Airlines, the conglomerate said in a Tuesday filing, and also warned against reading too much into its decision. Here are the details of how the holdings of Berkshire Hathaway Inc. (NYSE: BRK.A) changed in Southwest Airlines Co. (NYSE: LUV) and American Airlines Group, Inc. (NASDAQ: AAL). Southwest's stock price swooned after the April accident where Jennifer Riordan, a passenger aboard Southwest Flight 1380, died when shrapnel from an engine failure punctured the window she sat beside.
Cowen lowers its rating to market perform from outperform for Western Digital shares, predicting the storage provider will report profits below expectations next year. “Our decision rests on our field work that indicates substantial, unabated competitive pricing tactics by WDC, Toshiba and to a lesser extent INTC to gain share of enterprise and client SSDs [solid-state drives]," the firm's analyst Karl Ackerman says. Western Digital's WDC profitability will disappoint investors as competitors cut flash memory hard drive prices, according to Cowen.
Shares of department store stocks, including Macy's (NYSE: M), Nordstrom (NYSE: JWN), Kohl's (NYSE: KSS), and J.C. Penney (NYSE: JCP), were down broadly today after Macy's reported second-quarter earnings this morning. As of noon, Macy's shares were down 13.9%, Nordstrom was off 5.6%, Kohl's stock was down 6.6%, and J.C. Penney was off 9.1%.
The chart below is a three-month chart of Visa. The blue line on these charts represents a predicted moving average, while the black line represents a simple 10-day moving average. When the blue line is above the black, that represents an uptrend.