CNBC's Leslie Picker reports on activist investor Dan Loeb, founder of Third Point, seeking to replace Campbell Soup's entire board of directors.
On a brutal day in the stock markets the last thing investors want to see is another attack on the Federal Reserve by President Donald Trump. Trump reportedly told a group of reporters on Tuesday that he would like to see lower interest rates from the Federal Reserve. The president added that the biggest problem right now isn’t the trade war with China (among other geopolitical issues), but rather the Jerome Powell led Federal Reserve.
Investors looking for solace amid the wave of market sell-offs may argue that the S&P 500 has fallen only 9% from its all-time highs in September, hardly a devastating decline. “Not only does the price action this year suggest we are in the midst of a bear market—more than 40 percent of the stocks in the S&P 500 are down at least 20 percent—but it also trades like a bear market,” wrote the bank’s analysts.
The market expects Bank of Nova Scotia (BNS) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended October 2018. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 27. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as AT&T Inc (NYSE:T) a safer option. Today we will look at AT&T’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis into T here.
This has lagged the Computer and Technology sector's loss of 5.96% and the S&P 500's loss of 2.57% in that time. AMD's full-year Zacks Consensus Estimates are calling for earnings of $0.46 per share and revenue of $6.54 billion. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Soros Fund Management, which Soros founded and chairs, exited social-network giant (FB) (FB) completely in the third quarter, while also slashing positions in (NFLX) stock (NFLX) and (GS) stock (GS). High-flying streaming-content giant Netflix has tumbled almost 29% since the end of September. Soros saved a chunk of cash by selling: Barron’s estimates that, had he maintained positions in those stocks, he would have unrealized losses of about $17.7 million so far in the fourth quarter.
Trump 2020 surrogate Stephen Moore discusses how the Federal Reserve’s rate hikes are hurting the U.S. economy.
As the market grows increasingly turbulent and economic outlooks become more cautious, investors are increasingly buying quality stocks, which by definition are stocks whose companies are not overly reliant on a robust economy for their performance. In the current environment, Walmart Inc. ( WMT), McDonald’s Corp. ( MCD), Pfizer Inc. ( PFE), Procter & Gamble Co. ( PG) and Amgen Inc. ( AMGN) have all received the quality stamp of approval by Citigroup, according to CNBC.
CNBC's Jim Cramer pinpoints the 10 drivers of the stock market's sell-off. Ten things need to change for the stock market to come back from its Monday declines , CNBC's Jim Cramer said as high-profile technology stocks Facebook FB and Apple AAPL led the major averages lower. Here are the various reasons that stocks are falling and what it would take for them to turn, according to Cramer: 1.
To get a leg up on average returns, many investors follow what Wall Street's best and brightest are doing. Chuck Saletta (Berkshire Hathaway): Warren Buffett has earned a spot among the ranks of the world's greatest investors through decades of market trouncing returns at the helm of Berkshire Hathaway.
This has lagged the Aerospace sector's loss of 7.69% and the S&P 500's loss of 2.57% in that time. BA's full-year Zacks Consensus Estimates are calling for earnings of $15.05 per share and revenue of $99.85 billion. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Walmart tweeted Tuesday that it is withdrawing its support and “requesting a refund of all campaign donations” from Mississippi Senator Cindy Hyde-Smith after the Republican lawmaker “joked” about public lynchings, restricting voter’s rights for liberal college students—and then defended the comments. Mississippi has a pronounced history of racism and violence.
For longtime Home Depot Inc. (NYSE: HD) investors, third-quarter 2018 was more of the same. Net sales rose to $26.3 billion, a 5.1% increase year over year, and diluted earnings per share (EPS) grew to $2.51, a 36.4% jump year over year, as reported by the company earlier this month. Shareholders are used to the giant home-improvement retailer realizing strong quarterly results, yet shares of Home Depot are now down about 7% year to date, trailing the S&P 500 index by about 10% over the same period.
As supreme ruler of the online retail landscape, Amazon has built quite the reputation for extraordinary Black Friday deals. Last year alone the selection was so generous and diverse that the website went on to handle 54.9% of all online Black Friday transactions, according to Hitwise data cited in Dealerscope. The weekend was so successful for the company, in fact, that Cyber Monday went on to become the biggest shopping day in the company’s history.
Alexandria Ocasio-Cortez, the politician who soon will become the youngest woman to serve in Congress, proposed replacing Columbus Day with a national voting holiday on Election Day. In short order, David Martosko, U.S. political editor for Britain’s Daily Mail, weighed in to accuse Ocasio-Cortez of “angling for more vacation days.” That tweet struck many as a not-so-subtle reference to the inaccurate yet longstanding stereotype of Hispanics as lazy.
Mike Wilson, Morgan Stanley, says this isn't a buy the dip market. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Pete Najarian, Dan Nathan and Guy Adami.
"We think there are a lot of great buys here we would be buying if you have a 6- to 12-month" timeline, says David Katz, CIO of Matrix Asset Advisors. Katz says eBay, Schlumberger and Alphabet are buying opportunities. The market sell-off has created a buying opportunity for investors who can afford to be a little patient, noted value investor David Katz told CNBC on Tuesday.
Will Apple Stock Keep Sinking? Apple stock in free fall Apple (AAPL) stock continued to slide on November 20. The stock fell 4.8% yesterday to close at $176.98. The stock has now declined 9% in the last two days. It has fallen 19% in November and 21.
Democratic donors are waiting to hand out support for the 2020 presidential election until hearing their options, Politico reports, with many hoping to send Beto O’Rourke to the White House. Mikal Watts, a San Antonio lawyer and major Democratic money bundler, told Politico several donors who heard from other presidential hopefuls have called asking if O’Rourke was running. “They’re not wanting to sign on to other presidential campaigns until they know whether Beto is going,” Watts told Politico.
Visa (V) closed the most recent trading day at $133.19, moving -1.17% from the previous trading session. This has was narrower than the Business Services sector's loss of 4.41% and lagged the S&P 500's loss of 2.57% in that time. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.40 billion, up 11.02% from the year-ago period.
Target, which is still up substantially this year, is no General Electric (GE) sorting through underperforming businesses and realizing that it wasted so much money on stock buybacks that the ex-icon of America’s Industrial Might has a negative tangible book value. Or, put it this way: How much sense did it make when the market’s reaction to a weak report on home-builder sentiment and foot traffic at new-home communities was to sell off technology stocks? Julius was Julius Westheimer, who in my own misspent youth was a Baltimore stockbroker and denizen of the Baltimore Sun, where he was a columnist to my cub reporter, and a regular on Wall $treet Week, a public-TV stock-market show produced at Maryland Public TV.
This has lagged the Computer and Technology sector's loss of 5.96% and the S&P 500's loss of 2.57% in that time. The company is expected to report EPS of $2.90, up 18.37% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $8.03 billion, up 18.04% from the prior-year quarter.
Given the heavy weighting these tech stocks enjoy in the market-cap weighted indices such as the S&P 500, the pain is being felt broadly with the October lows at risk of being violated. Watch for a possible move back to the high set in December 2017, which would be worth a gain of more than 9% for D stock from here.
Apple (NASDAQ: AAPL) just can't get a break from souring investor sentiment. Evidence continues to mount that demand for the newest iPhones may be tepid, and investors remain intensely focused on unit sales even as the company keeps trying to get shareholders to appreciate the services business more. Apple said earlier this month that it will no longer disclose unit volumes.
This has outpaced the Medical sector's loss of 1.44% and the S&P 500's loss of 2.57% in that time. The company is expected to report EPS of $0.84, up 23.53% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $5.99 billion, up 9.85% from the prior-year quarter.