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Solar companies want Trump's tariff now that subsidies have dwindled

Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action.

  • 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 Khashoggi disappearance hangs heavily over a $2 trillion deal that the London Stock Exchange is hoping to close (LSE)
    World
    Business Insider

    The Khashoggi disappearance hangs heavily over a $2 trillion deal that the London Stock Exchange is hoping to close (LSE)

    The CEO of the London Stock Exchange has been courting the Saudi Kingdom to lure the IPO of Saudi Aramco, the country's state-run oil company. Unfortunately, London really needs a deal of that size to shore up its post-Brexit reputation. The Saudis say they want to place their IPO in 2020 or early 2021.

  • Philip Morris quartetly results top estimates
    Business
    Reuters

    Philip Morris quartetly results top estimates

    LONDON (Reuters) - Philip Morris International (PM.N), maker of Marlboro cigarettes among others, reported higher than expected quarterly sales and profit on Thursday, helped by its IQOS tobacco-heating device. The company reported third

  • Alipay Hacking Comes at Sensitive Moment for Alibaba
    Finance
    Market Realist

    Alipay Hacking Comes at Sensitive Moment for Alibaba

    Hackers broke into the accounts of Alipay users and made off with an unknown amount of cash, according to Bloomberg. The hackers used stolen Apple identities to carry out the theft. Tencent (TCEHY) also reported theft of funds from its mobile payment app WePay, also called WeChat Pay, where stolen Apple identities were involved.

  • Business
    Barrons.com

    The Black Hole Inside General Electric

    RBC Capital Markets, Wolfe Research, and (BCS) all upgraded the shares this month after Larry Culp was named to replace John Flannery at the helm. Today, the Financial Times reported that GE Power was going to win a contract in Iraq over rival (SIE) (SIEGY). Wolfe analyst Nigel Coe wrote that could help turn investor sentiment on GE, noting that the struggles in GE Power are what drives most of the negative feelings toward the stock.

  • 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?

  • 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.

  • Employee Accused of Urinating on Production Line at Food Processing Facility
    Business
    WTKR - Norfolk

    Employee Accused of Urinating on Production Line at Food Processing Facility

    Smithfield Foods, Inc. said in a statement Tuesday that it disposed of more than 50,000 pounds of product after reports of an employee urinating at his station at the company’s processing facility in Virginia.

  • '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.

  • This Oil Stock Just Got the Green Light to Capture a $1.7-Billion-a-Year Prize
    Business
    Motley Fool

    This Oil Stock Just Got the Green Light to Capture a $1.7-Billion-a-Year Prize

    The company plans to invest $1.5 billion on the project, which could produce up to 40,000 barrels of oil per day (BPD) when it comes on line in 2021. It's one of several developments in the state that ConocoPhillips hopes to undertake in the coming years to futher tap Alaska's oil riches. ConocoPhillips first filed permits for GMT2 in 2015, which it plans to connect to its Greater Mooses Tooth 1 (GMT1) project by an 8.6-mile pipeline.

  • Business
    CNBC

    Walmart saves $200 million by changing its light bulbs and $20 million with a new floor wax

    Walmart says switching to LED lights in its parking lots cut its annual energy costs by $200 million. A change in the floor wax it uses cut costs by $20 million a year because the floors need to be buffed less often. It's exactly what Walmart WMT is doing.

  • Blackstone third-quarter profit beats estimates amid market rise
    Business
    Reuters

    Blackstone third-quarter profit beats estimates amid market rise

    By Joshua Franklin NEW YORK (Reuters) - Blackstone Group LP (BX.N), the world's largest manager of alternative assets, modestly exceeded analyst expectations with an 11 percent jump in third-quarter earnings on Thursday, as climbing equity

  • Sen. Warren should admit Native American claim is for career advancement: Geoff Diehl
    Politics
    Fox Business Videos

    Sen. Warren should admit Native American claim is for career advancement: Geoff Diehl

    Massachusetts Senate nominee Geoff Diehl discusses why he believes that Sen. Elizabeth Warren (D-Mass.) is using her claim of Native American heritage to advance her career.

  • At Facebook, public funds join push to remove Zuckerberg as chairman
    Business
    Reuters

    At Facebook, public funds join push to remove Zuckerberg as chairman

    State treasurers from Illinois, Rhode Island and Pennsylvania, and New York City Comptroller Scott Stringer, co-filed the proposal. A similar shareholder proposal seeking an independent chair was defeated in 2017 at Facebook, where Zuckerberg's majority control makes outsider resolutions effectively symbolic.

  • 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.

  • 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.

  • Why Winnebago Stock Surged 17% -- Then Gave Most of It Back
    Business
    Motley Fool

    Why Winnebago Stock Surged 17% -- Then Gave Most of It Back

    Shares of RV-maker Winnebago Industries (NYSE: WGO) leapt 17.6% in early trading after the company reported earnings Wednesday, before retreating to a more recent price up just 5% from yesterday's close. For its fiscal fourth quarter of 2018, Winnebago reported $0.94 per share in earnings, exceeding expectations for $0.86, on sales of $536.2 million. Motorhome sales slowed, but towables were a bright spot for Winnebago in Q4.

  • 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.

  • Netflix is ditching freeloaders from subscriber forecasts after volatile stock moves
    News
    MarketWatch

    Netflix is ditching freeloaders from subscriber forecasts after volatile stock moves

    After two consecutive off-the-mark quarters, falling short of its own forecasts for subscriber growth, Netflix Inc. hopes to put an end to the big swings in its stock price with some changes to its accounting. In kicking off tech’s earnings season Tuesday, Netflix (NFLX)reported better-than-expected subscriber growth in the quarter, leading to an 11% jump in its shares in after-hours trading. Three months ago, Netflix reported weaker-than-expected subscriber growth, sending its stock tumbling about 12% in the next trading day.

  • Halliburton’s Mean Target Price Has Fallen
    Finance
    Market Realist

    Halliburton’s Mean Target Price Has Fallen

    Halliburton (HAL) has seen quite a few target price revisions in October. On October 12, Société Générale cut its rating for Halliburton from “buy” to “hold.” On October 10, Barclays cut its target price for Halliburton from $60 to $52. On October 8, HSBC cut its target price for the stock from $56 to $51.

  • Business
    Benzinga

    Goldman Sachs Turns Bullish On NetApp, Upgrades Pure Storage To Neutral

    The outlook for the storage market bodes especially well for NetApp Inc. (NASDAQ: NTAP) while the bearish case for Pure Storage Inc (NYSE: PSTG) is no longer warranted, according to Goldman Sachs. The Analyst Goldman Sachs' Rod Hall upgraded NetApp'

  • 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.

  • Where Does Best Buy’s Valuation Stand Right Now?
    Finance
    Market Realist

    Where Does Best Buy’s Valuation Stand Right Now?

    Do Analysts Expect Best Buy Stock to Gain Momentum? Best Buy’s (BBY) 12-month forward PE multiple has fallen ~11% since its announcement of its results for the second quarter of fiscal 2019 in August. As we discussed earlier, Best Buy delivered impressive fiscal 2019 second-quarter results, but its earnings guidance for the third quarter of fiscal 2019 came up short of analysts’ expectations.

  • Ford (F) Dips More Than Broader Markets: What You Should Know
    Business
    Zacks

    Ford (F) Dips More Than Broader Markets: What You Should Know

    Ford (F) closed the most recent trading day at $8.76, moving -0.45% from the previous trading session. This change lagged the S&P 500's daily loss of 0.03%. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq lost 0.04%.Heading into today,

  • Finance
    Investopedia

    Berkshire Is Undervalued, Says JPMorgan

    Berkshire Hathaway Inc.'s ( BRK.B) Class B shares are cheap if you apply the same metrics that its CEO Warren Buffett does to value companies, according to JPMorgan. In a research note, reported on by CNBC, analyst Sarah DeWitt said Berkshire, a company that investors have historically struggled to value properly because of its many moving parts, suddenly appears to be attractively priced when factoring in all the profits made by the stocks held in its $200 billion equity portfolio into its earnings. “Look-through earnings” take into account current period earnings that show up in financial statements, together with other sources of earnings expected in the long run. This method is used by Buffett as a way to appreciate that companies sometimes retain earnings after paying dividends and later invest them at a higher rate of return.