PG&E announced a $13.5 billion settlement with several victims of those impacted by the California wildfires. Yahoo Finance’s Seana Smith and Ines Ferre discuss on The Ticker.
A $100,000 or even $200,000 balance in a 401(k) plan might seem like a lofty amount of money — and it is — but it may not mean as much in your retirement as you think. As part of the new Secure Act, plan sponsors will have to show Americans how their account balances translate into monthly income. The new retirement law, which was passed in December, aims to provide investors with a clearer picture about whether or not they're on track to retire.
Thus far, the U.S. stock market has completely shrugged off the financially damaging coronavirus. Many on the Street though are starting to wonder just how long the nonchalance among investors will last as the coronavirus death tolls rise globally and major companies see their profits shredded. We are at a point in the market where everyone is having a great time.
Dow Jones futures turned modestly lower Wednesday, along with S&P 500 futures and Nasdaq futures, after the stock market rally powered to all-time highs, led by Tesla, Nvidia, Advanced Micro Devices and Apple. After the close, SolarEdge Technologies, Synopsys, Sleep Number, Stamps.com and Zillow Group reported earnings. Copart results are on tap.
You can start collecting Social Security benefits at age 62, though you aren't yet considered full retirement age (FRA) at that time and will only collect 75% of your expected benefits. By comparison, if you wait until age 65 to begin collecting benefits, you'll receive 93.3% of your monthly benefit. The FRA is 66 for people born between 1943 and 1959 or 67 for those born in 1960 or later.
Absolutely,” Invesco strategist Tim Horsburgh said on Yahoo Finance's The First Trade when asked if rampant liquidity in the system is helping a high-flying tech stock like Tesla (TSLA). When you are in this type of environment where you have a lot of liquidity out there, especially with the Fed's action in the fall you have the right conditions that when you have a good story it gives it [a stock like Tesla] a lot of momentum. Increasingly easy financial conditions — spurred by the Fed's actions — often help a momentum stock such as Tesla in several ways.
Here are four stocks in a range of industries that are testing or trading just above key resistance levels. Ballard Power Systems Inc. (BLDP) surged $1.14, or 10%, to $12.50, on 6.6 million shares traded Tuesday. The stock has more than doubled since breaking out of its December consolidation, and Tuesday's rise broke it above lateral resistance.
Instead, look for companies using AI technology to improve products or gain a strategic edge. Enterprise software maker ServiceNow has been making AI acquisitions. Under new Chief Executive Bill McDermott, ServiceNow in January acquired two AI companies, Passage AI and Loom Systems.
Jim Cramer has some thoughts on the markets, Boeing , Tesla , and Nvidia . First, There are the Markets Jim Cramer penned a Real Money column focusing on why there's too much upside, and not enough downside, which has impacted the selling. "Can I get out and in?
The mass exodus has begun. A new study from career site Zippia found that New York and New Jersey are losing more residents than any other states. New York is number one with the state losing over 300,000 residents from 2017 to 2018.
A growing number of China's private companies have cut wages, delayed paychecks or stopped paying staff completely, saying that the economic toll of the coronavirus has left them unable to cover their labor costs. To slow the spread of the virus that's claimed more than 2,000 lives, Chinese authorities and big employers have encouraged people to stay home. Shopping malls and restaurants are empty; amusement parks and theaters are closed; non-essential travel is all but forbidden.
Not so, say the two dividend-minded mutual-fund managers who run the outperforming Guinness Atkinson Dividend Builder Fund (GAINX) . Matthew Page and Ian Mortimer use a much more nuanced approach to get high-achieving results. Over the past three years, they have beaten both their Morningstar World Large-Stock category and the MSCI ACWI Index by 1.9 and 1.4 percentage points, respectively, on an annualized basis.
On top of this, he pointed out, “Debunking 'too big to grow fears,' BLK delivered 7%-plus organic asset growth for the full year 2019, which is an acceleration from 2.1%-plus organic growth in 2018 and 4.3%-plus average growth rate over last five years. Importantly, strong net new money growth translated into 5% organic base fee growth in 2019, better than the 2% growth in 2018. Based on this report, Cyprys expects other analysts to make adjustments to their outlooks for 2020.
SolarEdge Technologies reported fourth-quarter results Wednesday that beat Wall Street estimates and reached record revenue. The SolarEdge earnings report came after the market close. The Israel-based solar energy firm reported adjusted earnings of $1.65 per share on revenue of $418.2 million.
Tomorrow could be another catalyst for the stock as CEO George Whitesides presents at the Barclays LON:BARC) Industrial Select Conference in Miami. The presentation will come before the opening bell. Virgin Galactic is racing against Tesla (NASDAQ:TSLA) CEO Elon Musk's SpaceX and Amazon (NASDAQ:AMZN) CEO Jeff Bezos' Blue Origin to bring tourists into space, but is the only one of the three whose shares are publicly listed.
On Wednesday, investment bank Piper Sandler set a 12-month price forecast of $928 on Tesla shares, citing the electric car maker's success in battery and solar power industries. The On The Move panel breaks down the details.
Richard Branson's space-tourism company Virgin Galactic Holdings Inc. jumped as much as 24% on Wednesday, marking its eigthth straight gain, to close at another all-time high. Meanwhile, Plug Power Inc. rose 18% to extend a five-year high as retail investors talked up their positions on message boards like r/wallstreetbets on Reddit. Fellow renewable energy equipment-maker FuelCell Energy Inc. rose 18%.
Renaissance Technologies, added more than 3 million shares of Tesla to its holdings in the fourth quarter of last year, as the electric-vehicle maker's shares catapulted higher, according to public filings. The hedge fund founded by James Simons, considered the premiere quantitative-driven investor, owned 3.9 million shares of Tesla at the end of Dec. 31, with the company's stake in Renaissance's portfolio jumping from 0.1% in the prior quarterly period to 1.3%, according to file-tracking site Whalewisdom. The purchases would have come as Tesla's shares (TSLA) were zooming higher, punishing a number of investors with short positions who had bet that the Elon Musk-run Silicon Valley darling would see its price collapse soon.
Three weeks ago, Mad Money host Jim Cramer raised eyebrows after claiming that the oil industry was in the “death knell phase” and that “fossil fuel stocks are now like tobacco stocks”. In the past, Cramer has received plenty of blowback about his stance on fossil fuels, and this time it was not any different.
But is Micron stock a buy right now? The memory-chip market hit the skids in the second half of 2018 when sales of smartphones, personal computers, servers and other gear slowed. Memory-chip pricing has improved lately and inventories have moderated, but the sector isn't out of the woods yet.
If he was expecting kind words in return from Elon Musk, he apparently shouldn't have spoken about challenges that still lie ahead -- or about his new Porsche. Gates, the billionaire co-founder of Microsoft Corp., spoke with a YouTube influencer last week about the challenges of reducing emissions to slow climate change. “And certainly Tesla, if you had to name one company that's helped drive that, it's them,” Gates told YouTuber Marques Brownlee.
Stock in Richard Branson's company, which promises to ferry tourists to the edge of space and back, is up about 200% year to date, crushing comparable returns of the S&P 500 and Dow Jones Industrial Average. Virgin Galactic stock (ticker: SPCE) was up 14% more in Wednesday morning trading. There are no recent research notes and only three analysts cover the company, far fewer than the average number of analysts covering companies of similar size.
The administration weighed in on the high-stakes case on the same day that President Donald Trump attended a re-election campaign fundraiser in California hosted by Oracle's co-founder, billionaire Larry Ellison. Ellison hosted a golf outing and photos with Trump.
The IBD Live Team discussed stocks to buy and watch during Wednesday's IBD Live episode. Among recent breakout stocks, the Team analyzed Nvidia as it surged to a new all-time high and cleared a key psychological level. Today's full IBD Live show is now available for subscribers.
Just think about the savvy investors who held Exelixis, Inc. (NASDAQ:EXEL) shares for the last five years, while they gained 689%. It's also good to see the share price up 29% over the last quarter. It really delights us to see such great share price performance for investors.
Advanced Micro Devices, Inc. (NASDAQ: AMD) shares are trading at a record high — but a near-to-medium term risk is lurking ahead that could pose a threat to the stock's strong performance. The outbreak of the coronavirus in China and the ensuing supply chain disruptions could hurt AMD more than peers Intel Corporation (NASDAQ: INTC) and NVIDIA Corporation (NASDAQ: NVDA), Eric Ross, chief investment strategist at Cascend Securities, said in a note. About 78% of AMD's revenue comes from computers and graphics, and low-end notebook board makers as well as low-end graphics makers in China are not ramping production meaningfully after the Lunar New Year, Ross said.