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MARKETS: Bulls on the defensive as Q3 opens for business

Yahoo Finance's Melody Hahm and Jared Blikre break down the latest market action as stocks open under pressure on the first trading day of the third quarter.

  • Netflix subscriber numbers disappoint, stock plunges
    Finance
    Yahoo Finance

    Netflix subscriber numbers disappoint, stock plunges

    Netflix (NFLX) missed expectations on its subscription numbers when it reported earnings on Monday, with total streaming adds of 5.14 million versus analysts’ expectations of 6.27 million. The company’s stock had previously surged nearly 146% over the last 12 months, driven by strong revenues and consistently higher-than-expected subscriber growth. Netflix is scheduled to report its second-quarter 2018 earnings on Monday afternoon after the markets close.

  • The White House’s terrible photo is the perfect image of the Trump-Putin summit
    Politics
    Quartz

    The White House’s terrible photo is the perfect image of the Trump-Putin summit

    The weirdest, least flattering image of Donald Trump with Vladimir Putin didn’t come from a rogue member of the media. Just before the US and Russian presidents’ closed-door meeting today (July 16), Sarah Huckabee Sanders tweeted a black-and-white photo that shows Trump, sitting upright and wide eyed, looking away from Putin, whose eyes are closed. .@POTUS @realDonaldTrump and President Putin sit down for one on one meeting in Helsinki, Finland.

  • The stock market is about to set a bearish record
    Business
    MarketWatch

    The stock market is about to set a bearish record

    The U.S. stock market is hours from hitting a notable milestone, but it isn’t one that investors will feel particularly good about. For the S&P, exiting correction territory would require it to rise to 2,839.1, or a 10% gain from its low of the correction.

  • Virginia Man Totals $300,000 Sports Car 1 Day After Buying It
    Finance
    Fortune

    Virginia Man Totals $300,000 Sports Car 1 Day After Buying It

    Totaled Saturday,” the Fairfax County Police Department wrote in a post Saturday after a Virginia man crashed his $300,000 car. The man totaled the car after driving too fast into a tree, NBC Washington reported.

  • Don’t cheat yourself with the 4% rule
    Business
    MarketWatch

    Don’t cheat yourself with the 4% rule

    If you’re planning for retirement, you’re probably thinking about how much you’ll need, how long the money will last, and how much you can safely take out each year. You recognize that in retirement there will be a balancing act between spending on current needs while also preserving enough for your later years. Instead, all-too-often, retirees use simplified rules of thumb to determine how much to take out each year.

  • Amazon's Prime Day runs into early snags
    Finance
    Associated Press

    Amazon's Prime Day runs into early snags

    Amazon's website ran into some early snags Monday on its much-hyped Prime Day, an embarrassment for the tech company on the shopping holiday it created. Shoppers clicking on many Prime Day links after the 3 p.m. ET launch in the U.S. got only images of dogs — some quite abashed-looking — with the words, "Uh-oh. Amazon didn't immediately respond to a request for comment, but by about 4:30 p.m., many Prime Day links were working.

  • The Single Biggest Reason to Stay Away From Canadian Marijuana Stocks
    Business
    Motley Fool

    The Single Biggest Reason to Stay Away From Canadian Marijuana Stocks

    The stocks of Canadian marijuana growers have skyrocketed. Canopy Growth Corporation's (NYSE: CGC) share price has nearly quintupled over the past 12 months. Aurora Cannabis (NASDAQOTH: ACBFF) stock has quadrupled.

  • 3 Dividend Stocks That Should Pay You the Rest of Your Life
    Business
    Motley Fool

    3 Dividend Stocks That Should Pay You the Rest of Your Life

    Picking dividend stocks with high yields is only part of the equation for dividend investors. Three of our Motley Fool investors have identified three dividend stocks that you can safely bet on for years to come. Here's what you need to know about Verizon (NYSE: VZ), Eli Lilly (NYSE: LLY), and Procter & Gamble (NYSE: PG).

  • Elon Musk Can't Take His Own Advice and Tesla Falls Again
    Business
    Bloomberg

    Elon Musk Can't Take His Own Advice and Tesla Falls Again

    Elon Musk can’t follow his own advice. Controversial outbursts are neither new nor unusual for Musk, who frequently spars with critics and investors betting against his company. After Tesla shares fell 22 percent in March -- the steepest monthly drop in more than seven years -- Musk jokingly tweeted on April Fools’ Day that the company had gone bankrupt.

  • MARKETS: Bank of America profits jump as Americans lever up
    Business
    Yahoo Finance Video

    MARKETS: Bank of America profits jump as Americans lever up

    Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after Bank of America reported second quarter earnings that beat Wall Street estimates, with its consumer lending unit reporting the biggest profit in eight years. Here's the performance of select financial stocks as of 11:00 am ET: BAC Bank of America Corporation 2.38% C Citigrp Inc 2.34% JPM JPMorgan Chase & Co 1.99% SIVB SVB Finl Grp 1.92% NAVI Navient Corp 1.90% WFC Wells Fargo 1.81% STT State Street Corp 1.59% FAS(HB) Finl Bull 3x Shs 1.55% CFG Citizens Finl Grp Inc 1.54% UBS UBS Grp Ag 1.49% CBOE CBOE Glbl Mkts Inc 1.46% AEG Aegon N.V. Ord 1.42% NTRS Northern Trust 1.38% MTB M&T Bank 1.35% KEY KeyCorp 1.30% HBAN Huntington Bancshs 1.30% MS Morgan Stanley 1.22% PNC PNC Finl Svcs Grp 1.21% LAZ Lazard Ltd 1.18% PFG Principal Finl Grp 1.19% ZION Zions Bancorp 1.12% BBT BB&T Corp 1.12% CMA Comerica Inc 1.12% GS Goldman Sachs Grp 1.12% TROW T.Rowe Price Grp 1.11% RF Regions Finl Corporation 1.05% BHF Brighthouse Finl Inc 1.13% STI SunTrust Banks 1.11% XLF S&P Sel Finl Spdr Fd 1.06% FITB Fifth Third Bancorp 1.03% SQ Square Inc 0.99% LNC Lincoln Natl Corp 0.90% ETFC E Trade Finl Corporation 0.89% PBCT People's United Finl Inc 0.89% CACC Credit Acceptance Corporation 0.88% NDAQ NASDAQ Inc 0.87% RJF Raymond James Finl 0.84% SYF Synchrony Finl 0.83% PRU Prudential Finl 0.81% IBKR(0) Interactive Brokers Grp Inc 0.83% CINF Cincinnati Finl 0.80% SCHW Charles Schwab Corp (The) 0.78% ICE Intercontinental Exchange Grp 0.76% BK Bank of New York Mellon Corp 0.75% COF Cap One Finl 0.73% VOYA Voya Finl Inc 0.68% CNA CNA Finl Corp 0.66% AMTD TD Ameritrade Hldg Corp 0.67% CME CME Grp Inc 0.64% TMK Torchmark Corp 0.64% DFS Discover Finl Svcs 0.63% USB US Bancorp 0.59% ATH Athene Hldg Ltd 0.56% WRB W R Berkley Corp 0.56% ALLY Ally Finl Inc 0.48% AON Aon Plc 0.49% JEF Jefferies Financial Group 0.53% UNM Unum Grp 0.50% MKL(HB) Markel Corp 0.46% RE(HB) Everest Re Grp 0.43% BRK.B Berkshire Hathaway'B' 0.42% AJG Gallagher (Arthur J.) 0.38% TRV The Travelers Companies Inc 0.40% RGA Reisnuran Grp Of America Inc 0.39% NMR Nomura Hldg ADS 0.38% SLF(HB) Sun Life Finl Svcs Canada 0.37% PGR Progressive Corporation (The) 0.36% ALL Allstate Corp 0.33% AIG Amer Intl Grp 0.31% CB(HB) The Chubb Corp 0.27% Y Alleghany Corp 0.26% SEIC SEI Inv 0.23% L Loews Corp 0.23% AFG Amer Finl Grp Inc 0.23% AXP American Express Co 0.21% BRO Brown & Brown 0.21% SC Santander Consumer USA Hldgs 0.19% ORI Old Republic Intl Corp 0.20% MKTX MarketAxess Hldg Inc 0.20% BX The Blackstone Grp L P 0.20% FIS Fidelity National Information 0.10% HIG Hartford Finl Svcs Grp 0.06% KKR KKR & Co L.P. 0.09% XL XL Grp Ltd 0.07% ACGL Arch Cap Grp 0.07% EV Eaton Vance Corp 0.06% MFC(HB) ManuLife Finl 0.06% RNR RenaissanceRe Hldg 0.04% CG(2) The Carlyle Grp LP 0.00% MET Metlife Inc 0.00% STWD Starwood Ppty Trust Inc 0.00% AMP Ameriprise Finl Inc -0.03% CI Cigna Corp -0.03% MMC Marsh & McLennan Companies Inc -0.05% FAF First American Finl Corp -0.06% FNF Fidelity Natl Finl Inc -0.07% PYPL PayPal Hldgs Inc -0.10% AMG Affiliated Managers Grp Inc -0.11% EEFT Euronet Worldwide -0.12% AFL AFLAC Inc -0.09% OAK(HB,2) Oaktree Cap Grp LLC -0.19% AIZ Assurant Inc -0.21% ERIE(HB) Erie Indemnity 'A' -0.23% MA Mastercard Inc -0.23% GPN Global Payments Inc -0.25% NRZ New Residential Inv Corp -0.27% VRSK Verisk Analytics Inc -0.33% WLTW Willis Towers Watson Pub Ltd -0.37% JHG Janus Henderson Grp PLC -0.39% PUK(HB) Prudential Plc ADS -0.44% LFC(HB) China Life Insurance ADS -0.47% IVZ Invesco Ltd -0.51% BLK Blackrock Inc'A' -0.53% V Visa Inc -0.55% APO Apollo Global Mgt LLC -0.60% CIT CIT Grp Inc -0.64% UNH UnitedHealth Grp Inc -0.62% BEN Franklin Res Inc -0.68% HUM Humana Inc -0.92% ANTM Anthem Inc -1.00% FAZ(HB) Finl Bear 3x Shs -1.53% ADS Alliance Data Systems -6.47%

  • 3 Best Big Pharma Stocks to Buy for the 2nd Half of 2018
    Business
    Motley Fool

    3 Best Big Pharma Stocks to Buy for the 2nd Half of 2018

    Few big pharma stocks excited investors in the first half of 2018. Three big pharma stocks, in particular, could be set to move higher. AbbVie stock was on a roll this year until the company's announcement in March of disappointing phase 2 study results for Rova-T in treating small-cell lung cancer.

  • Kroger stock could double, analyst says
    Business
    American City Business Journals

    Kroger stock could double, analyst says

    Kroger Co. shareholders might have a lot to celebrate in the coming months. Kroger’s earnings could soar by nearly 50 percent by 2020 and it has made some recent moves to insulate itself from e-commerce competition while creating the potential for significant growth, Bill Priest, CEO of New York-based Epoch Investment Partners, said in the Barron’s 2018 Mid-Year Roundtable. Priest touted Kroger’s heightened investment in British online grocery delivery company Ocado and its plans to team with Ocado to add automated warehouses in the U.S. That move and others create “an underappreciated future incremental growth opportunity,” Priest told Barron’s. That was a key reason, he said, that he believes Kroger’s stock price could double.

  • Papa John’s Further Shuns Founder, Evicting Him From Offices
    Finance
    Bloomberg

    Papa John’s Further Shuns Founder, Evicting Him From Offices

    Papa John’s International Inc.’s board put further distance between the pizza chain and its outspoken founder John Schnatter for using a racial slur, agreeing to review all ties to him, evict him from the headquarters, and remove him from all marketing materials. A special committee of independent directors ordered the termination of a so-called founder’s agreement that designated Schnatter as the brand’s face and voice and is requesting he cease media appearances on behalf of the firm, the company said in a statement after a Sunday night board meeting. Schnatter came under pressure after a media report that he used a racial slur and graphic descriptions of violence against minorities in a conversation with the company’s former media agency, Laundry Service.

  • As Boeing's 797 Nears, GE `Wrestling' With What to Do on Engines
    Finance
    Bloomberg

    As Boeing's 797 Nears, GE `Wrestling' With What to Do on Engines

    General Electric Co. said it remains unconvinced that demand for Boeing Co.’s potential midrange aircraft, nicknamed the 797, will be enough to justify developing a new engine for the jet. The U.S. turbine maker needs to do more work on the proposals, especially since Boeing has yet to decide whether to recruit an exclusive engine provider or involve two competing suppliers, GE Aviation chief David Joyce said Monday at the Farnborough air show. “We’re still wrestling with what the size of the market is,” Joyce said in a media briefing.

  • CVS Apologizes After White Manager Called Police on Black Customer Over Coupon
    Finance
    Fortune

    CVS Apologizes After White Manager Called Police on Black Customer Over Coupon

    CVS has apologized after a white store manager in Chicago called police on a black customer who was attempting to use a coupon that store staff accused her of counterfeiting. The incident was first described on late Friday by Camilla Hudson, the 53-year-old victim, in a post that quickly went viral (though according to Hudson, the post has since been removed by Facebook for unspecified violations). Hudson, who is black, later described the events in detail to Block Club Chicago, saying that she entered a CVS at 6150 North Broadway, and attempted to make a purchase using an automated checkout machine.

  • Why Tobacco Stocks Have Lost Around 20% This Year
    Business
    Motley Fool

    Why Tobacco Stocks Have Lost Around 20% This Year

    The industry is struggling with the global shift away from smoking cigarettes due to health concerns, while trying to successfully pivot to alternatives such as e-cigarettes. The worst day of the year for tobacco stocks came on April 19 when Philip Morris issued a disappointing first-quarter earnings report, a bad omen for the industry on a number of fronts.

  • Elon Musk's pedophile comment raises eyebrows
    Business
    Yahoo Finance Video

    Elon Musk's pedophile comment raises eyebrows

    Yahoo Finance's Seana Smith, Andy Serwer, Julia La Roche and Dan Howley discuss Elon Musk's latest Twitter outburst.

  • Pfizer's Reorganizing Again. Is Its Stock a Buy Now?
    Business
    Motley Fool

    Pfizer's Reorganizing Again. Is Its Stock a Buy Now?

    Last week, Pfizer (NYSE: PFE) announced that it was splitting its operating segments into three divisions. The company presently operates under a two-unit system: Innovative Health and Essential Health. Why is Pfizer reorganizing yet again?

  • How much a typical worker makes at Intel, Facebook, Google, Netflix and EA
    Business
    American City Business Journals

    How much a typical worker makes at Intel, Facebook, Google, Netflix and EA

    Silicon Valley may have a bevy of innovative, high-tech and well-known companies that pay a lot of money, but the promised land for the industry may lose a bit of its luster due to the cost-of-living in the area rising. A few more surprises are coming to light as more bigtech employers reveal how much they pay a typical worker. Take for example chipmaker Intel Corp. With revenue last year of almost $63 billion, the Santa Clara-based chipmaker is neck-and-neck with Samsung for the title of the world's biggest semiconductor maker.

  • Business
    Benzinga

    Barron's Picks And Pans: Broadcom, Mohawk Industries, NextEra Energy And More

    This weekend's Barron's presents the wisdom and picks from its 2018 Mid-Year Roundtable. "2018 Mid-Year Roundtable: Good News for Stockpickers" by Lauren R. Rublin indicates that the broad market could struggle in the second half, but the Barron's panel of investment experts sees plenty of bargains in energy, media, retail and tech. Andrew Bary's "Ackman's Comeback: How to Ride His Revival" points out that this hedge fund manager's publicly traded vehicle is up more than 10 percent this year and trades at a discount to its net asset value, offering an opportunity for investors.

  • Business
    Benzinga

    What Stifel Expects From Advanced Micro Devices' Q2

    Advanced Micro Devices, Inc. (NASDAQ: AMD) is scheduled to report its fiscal second-quarter earnings in late July, and it shouldbe a positive print due to new product ramps, according to Stifel. The Analyst Stifel's Kevin Cassidy maintains a Buy on

  • United Airlines buying bigger regional jets and long-range Dreamliners
    Business
    American City Business Journals

    United Airlines buying bigger regional jets and long-range Dreamliners

    United Airlines is going on a plane-buying spree — with much of the buying focused on new and larger aircraft for the Chicago-based carrier's expanding regional route network. United intends to purchase 25 Embraer E-175 regional jets and four new Boeing (NYSE: BA) 787-9 next generation Dreamliner aircraft that are a longer-range version of the original Dreamliner 787. The new E-175 aircraft will replace 25 CRJ-700 aircraft currently being flown by our United Express partners and will go into service in 2019. United said the new group of E-175s will allow United to offer a more comfortable and efficient aircraft to passengers.

  • Here's Why Qualcomm Inc. Shares Fell 12.3% in the First Half of 2018
    Business
    Motley Fool

    Here's Why Qualcomm Inc. Shares Fell 12.3% in the First Half of 2018

    Shares of semiconductor giant Qualcomm (NASDAQ: QCOM) dropped 12.3% in the first half of 2018, according to data from S&P Global Market Intelligence. Qualcomm investors have endured a tumultuous year so far. The company staved off a hostile takeover attempt by industry peer Broadcom by means of an executive order from the Trump administration, raised its own buyout bid for Netherlands-based embedded chip specialist NXP Semiconductors (NASDAQ: NXPI) to secure stronger support from NXP's shareholders, and saw regulatory bodies taking two steps forward and one step back on whether the NXP deal should be allowed to close.

  • Why General Mills, Inc. Stock Has Dropped 24.3% in 2018
    Business
    Motley Fool

    Why General Mills, Inc. Stock Has Dropped 24.3% in 2018

    The market also didn't have a very positive reaction to the $8 billion Blue Buffalo acquisition that was closed in April. As disappointing as the first few months of the year were for General Mills, fiscal fourth-quarter results brought a little redemption.

  • What Brian Moynihan had to say about BofA's momentum, strategy
    Business
    American City Business Journals

    What Brian Moynihan had to say about BofA's momentum, strategy

    The story of Charlotte's Bank of America Corp. (NYSE: BAC) is much different than it was 10 years ago. Now the banking industry's golden goose, BofA continues to enjoy climbing profits as it operates under a business mantra of responsible growth. BofA reported net income of $6.8 billion, or 63 cents in diluted earnings per share.