CNBC's Morgan Brennan reports whether the defense deal with Saudi Arabia is in danger since the country admitted it was responsible for journalist Jamal Khashoggi's death.
Jim Cramer, CNBC’s “Mad Money” host and a prominent fixture among market commentators, on Monday said the market is enduring “a very serious correction,” underscored by the fact that there are few fundamental reasons for the market’s current downtrend. During CNBC’s “Halftime Report,” Cramer said notable is a slump in shares of so-called FANG names — the highflying quartet of Facebook Inc. (FB) Amazon.com Inc. (AMZN) Netflix Inc. (NFLX)and Google parent Alphabet Inc. (GOOGL)(GOOG) that are among the most influential on Wall Street due to their massive market values and the degree by which investors have piled into those investments for hope of consistent growth. All of those companies are in a corrective phase, defined as a drop of at least 10% from a recent peak, and Netflix and Facebook shares have shed around a third of their values since hitting 52-week peaks.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). To keep it practical, we’ll show how 3M Company’s (NYSE:MMM) P/E ratio could help you assess the value on offer. Based on the last twelve months, 3M’s P/E ratio is 25.97.
Alexandria Ocasio-Cortez, a 29-year-old Democrat who will represent the 14th Congressional District of New York, is the youngest woman ever elected to Congress and until recently worked in food service. The family sold its house in Yorktown in 2016 for $355,000 .
Shares of Edison International (NYSE: EIX) rebounded more than 12% by 10:30 a.m. EST on Friday after the utility provided an update on its restoration efforts following the Woolsey and Hill wildfires in Southern California. Southern California Edison (SCE), which is a subsidiary of Edison International, updated the market on the company's efforts to restore power to the communities impacted by fires in Southern California. SCE noted that it had restored power to 39,094 of the customers that lost it due to the wildfires, which was 86% of the total.
On November 14, Warren Buffett’s Berkshire Hathaway revealed in its 13F filings that the company added more General Motors (GM) shares to its portfolio. In the third quarter, Berkshire Hathaway bought ~1.06 million shares of the largest US automaker (XLY) after adding ~1.4 million shares in the second quarter. Berkshire Hathaway’s total stake reached 52.46 million shares in the third quarter—compared to 51.39 million shares in the second quarter.
In the weeks before a Lion Air flight crashed off the coast of Indonesia, Southwest Airlines replaced two of the same type of sensors that have been alleged in the accident. Information about swapping the malfunctioning sensors was found in a review of Southwest (NYSE: LUV) maintenance records by the Wall Street Journal. The Journal reported that the sensors involved the Boeing 737 MAX 8 aircraft, the same plane that crashed in Indonesia.
Retirees are looking for safety and a reliable income stream from their investments. On that note, keep reading to see why our contributors recommend Pfizer (NYSE: PFE), Realty Income (NYSE: O), and AT&T (NYSE: T). George Budwell (Pfizer): If you're looking for a fairly safe income play in your retirement years, big-pharma giant Pfizer should definitely be on your radar.
NVIDIA Corporation (NASDAQ:NVDA) shareholders have witnessed a decrease in hedge fund sentiment during third quarter. Some hedge fund managers might have sensed the looming demand declines and bolted out. Today, NVIDIA shares plunged more than 19%.
The dramatic decline has left investors wondering about the worst-case scenario for the industrial icon. As new Chief Executive Officer Larry Culp tries his hand at a turnaround, the possibilities span everything from a prolonged fight for survival to a swift journey to the junkyard. Revenue growth and profit margins might suffer, but GE would have a shot at regaining a higher credit rating and reflating its dividend, winning back investors.
‘From a markets perspective, it’s going to be interesting. Paul Tudor Jones, a hedge-fund luminary, said he’s stress-testing his portfolio of corporate debt because he expects a tumultuous road ahead on the back of the Federal Reserve’s apparent commitment to normalizing interest rates and buttressed by corporate tax cuts from the Trump administration. Speaking at an economic forum in Greenwich, Conn., a hotbed for hedge funds, Jones said the Fed faces real challenges amid “the end of a 10-year run” of economic growth that many anticipate will soon come to a screeching, cyclical end.
A few years ago, InvestorPlace contributor Dan Burrows highlighted the 10 best-performing S&P 500 stocks of the past decade. A classic example of how true this is involves the Fidelity Magellan Fund (MUTF:FMAGX), the large mutual fund made famous by portfolio manager Peter Lynch. Fidelity studied the returns of Fidelity Magellan unitholders over those 13 years to see how they compared to the legendary portfolio manager.
A case of tough love for Advanced Micro Devices (NASDAQ:AMD) just got a bit more difficult, as misery loves company in a challenging market environment. If investors can look smartly past the latest bear market warnings, it’s time to put AMD stock on the radar for buying. Blame it on Nvidia (NASDAQ:NVDA).
With the risk of PG&E Corporation (NYSE: PCG) incurring catastrophic losses from its (presumed) role in California's "Camp Fire" wildfire growing by the day, the company received a rare bit of good news today. PG&E faces many billions of dollars worth of potential liability from the still-raging and uncontained Camp Fire wildfire -- on top of billions more in potential liability from other wildfires it may have played a part in creating in 2017.
Jim Cramer says the chairman of the Federal Reserve is at a critical juncture that will determine the trajectory of the U.S. economy in 2019.
Greene, 63, will remain CEO through January, working with Kurian, who will join the Alphabet Inc. unit Nov. 26. Greene said in a blog post that she will stay as an Alphabet board member. During her tenure in charge of one of the internet giant’s central units, Greene rapidly expanded the business, hiring a major new salesforce and investing hundreds of millions of dollars in data centers and undersea cables.
The Latest from Verizon: Cost Savings, Dividends, and Valuation (Continued from Prior Part) Verizon’s dividend yield Verizon (VZ) remains committed to paying higher dividends. The telecom company has declared a quarterly dividend of $0.60 per share in
Facebook investors have called on the company’s chief executive Mark Zuckerberg to step down as chairman, following reports that the company hired a public relations firm to smear its critics by drawing links to George Soros. Jonas Kron, a senior vice president at Trillium Asset Management, a US investor which owns an £8.5m stake in Facebook, last night called on Mr Zuckerberg to step down as board chairman in the wake of the report.
For several leading Canadian marijuana growers, this was a big week. Four of the biggest players in the Canadian cannabis industry reported their quarterly results: Aurora Cannabis (NYSE: ACB), Canopy Growth (NYSE: CGC), Cronos Group (NASDAQ: CRON), and
Western Digital (NASDAQ: WDC) and Cypress Semiconductor (NASDAQ: CY) were both hit hard by a slowdown in semiconductor demand, peaking memory prices, and trade tensions this year. Western Digital, the world's top maker of HDDs (hard disk drives) and the
The NASDAQ and Russell 2000 indices are already in correction territory. More importantly, the Russell 2000 ETF (IWM) underperformed the larger S&P 500 ETF (SPY) by about 4 percentage points in October. Hedge funds and institutional investors tracked by Insider Monkey usually invest a disproportionate amount of their portfolios in smaller cap stocks.
The former CFO of Halliburton Co. (NYSE: HAL), Chris Weber, will draw severance from the company in exchange for a number of limitations, from a non-compete and non-solicitation clause to an agreement on what he can say publicly about the company going forward. Halliburton will pay Weber a one-time $1.4 million severance payment, and his restricted stocks awarded under the company’s stock and incentive plan will vest, according to a filing with the U.S. Securities and Exchange Commission. Weber had $3.16 million in unvested shares at the start of the year, according to Halliburton’s most recent proxy statement. Halliburton will also pay Weber $15,000 in lieu of outplacement or financial planning services, according to the SEC filing.
Warren Buffett's Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) owns a lot of businesses outright, including homebuilders, railroads, and insurers, but it also manages a massive $200 billion stock portfolio that every investor ought to be paying attention
The Latest from AT&T: Outlook, Deleveraging Plan, and 5G (Continued from Prior Part) Analysts on AT&T stock According to data compiled by Reuters as of November 13, 53% of the 32 analysts covering AT&T (T) stock have given it a “hold” rating. Only 38
Nvidia Corp.’s stock plummeted Friday for its worst one-day drop in more than a decade, as a disappointing earnings report cost the graphics-chip specialist more than $23 billion in market capitalization. Nvidia (NVDA) shares closed down nearly 19% at $164.43 in heavy trading, and are now down 15% for the year. Shares closed at their lowest price since Sept. 8, 2017, when they finished at $163.69, and the company’s market capitalization finished the day just below $100 billion at $99.97 billion.