What to watch in the markets: Tuesday, December 12
What to watch in the markets: Tuesday, December 12
Morgan Stanley's move comes a week after Goldman Sachs Group Inc (GS.N) stopped its coverage of Tesla last week shortly before confirming it was acting as a financial adviser on a matter related to the automaker. Morgan Stanley's website showed Tesla had been moved to "Not Rated" from "Equal-weight" on Tuesday without providing further details on the reason for dropping coverage. Shares of Palo Alto, California-based Tesla rose to a high of $324.79 on Tuesday, bouncing off a three-month low on Monday when JP Morgan slashed its price target on the company by $113 and said it believed Chief Executive Elon Musk had not secured funding for taking Tesla private.
OUTSIDE THE BOX We’re faced with a host of thorny retirement issues: Keep Social Security solvent. Make Medicare affordable. Many Americans aren’t saving enough. They want to retire earlier than they can reasonably afford. They’re
ExxonMobil has been a boon to long-term investors over the years, with the stock returning over 3,000%. More recently, though, the company has fallen on hard times, and the stock has fallen 32% from its five-year peak. Investors doubtful of ExxonMobil's future prospects may be looking elsewhere for a stock with a higher yield.
Constellation Brands, which makes Corona and other famous beverages, is the company's biggest investor. The fresh high comes after Constellation Brands, the company behind Corona beer and Svedka vodka, said last week it would up its stake in the Canadian cannabis company by $4 billion.
Credit cards, student loans, mortgages, car loans, personal loans: Most Americans have a combination of these sources of debt. The average American now has about $38,000 in personal debt, excluding home mortgages. "Despite recognizing that debt is dangerous waters, Americans are jumping in with both feet and struggling to stay afloat," says Emily Holbrook, director of planning for Northwestern Mutual.
Micron Technology (NASDAQ: MU) and NVIDIA (NASDAQ: NVDA) have been on a roll over the past few quarters. While favorable memory pricing has turned out to be a big catalyst for Micron, NVIDIA has benefited from a cryptocurrency-triggered shortage in graphics processing units (GPUs) that has led to a spike in prices. The good part is that both NVIDIA and Micron are sitting on multiple catalysts that should help keep demand above supply going forward.
Two stocks that have felt the heat are leading silver miner, Hecla Mining (NYSE: HL), and the largest publicly traded copper producer and among the top 10 gold producers in the world, Freeport-McMoRan (NYSE: FCX). The thing is, it's not just the volatility in metal prices that's slamming Hecla Mining and Freeport-McMoRan -- company-specific challenges have taken a bigger toll. Does that make Hecla or Freeport-McMoRan a buy today?
FBN's Charlie Gasparino on reports Elon Musk and Tesla are retaining bankers and advisors in an effort to move forward with the privatization process and the historic bull market.
Chip equipment company Applied Materials (AMAT) has seen its stock decline by roughly 13% since August 8. Chip equipment companies like Applied Materials are highly reliant on chip company spending. Over the past three years, Applied Materials stock has surged threefold thanks to the upswing in spending by chip companies on the back of soaring demand for chips, particularly memory chips.
In June of 2015, chip behemoth Intel (NASDAQ: INTC) announced that it intended to buy Altera, a major supplier of chips known as field programmable gate arrays, or FPGAs, for $16.7 billion. Then-CFO Stacy Smith explained that the remaining 40% of that value creation would come from "meaningful reductions in [operating expenses] and improved competitiveness in Altera's existing product line by bringing them onto our manufacturing processes and using our IDM tools." An IDM, short for "integrated device manufacturer," refers to a company that both designs and manufactures its own chips. Let's check up on how Altera, now known as Intel's programmable solutions group (PSG), is doing.
Earnings season has quieted to a whimper these days, but that will only draw more attention to Alibaba (NYSE: BABA) later this week. Alibaba has been a machine, cranking out healthy yet consistent growth. Year-over-year revenue gains have clocked in between 54% and 61% for eight consecutive quarters.
Rumors are growing around updated versions of the Apple Watch, three new versions of the iPhone, and Macbook laptop updates. Yahoo Finance’s Alexis Christoforous joins Yahoo Finance’s technology editor Daniel Howley with more insight.
A British woman who fell overboard from a cruise ship says she spent ten hours treading water before rescuers pulled her from the Adriatic Sea Sunday morning. Kay Longstaff, a 46-year-old air hostess, told local media that she fell from the back of cruise ship Norwegian Star as it traveled from Vargarola, Croatia to Venice, Italy, ABC News reports. Using on-board cameras to find the time of her fall — around 11:30 p.m. local time — the Croatian Coast Guard was able to pinpoint the area where she was most likely to be, some 60 miles off shore.
It's the dividend growth, however, that allows you to hold onto a stock forever, since it means the purchasing power of your dividend income will continue to rise over time. Sometimes you're lucky and the dividend yield is big today, like the one offered up by Verizon Communications Inc. (NYSE: VZ). Other times the yield is smaller today (though perhaps large compared to the company's own yield history), but dividend growth over time could lead to a much bigger absolute yield based on purchase price -- which is exactly the case with NextEra Energy Partners LP (NYSE: NEP) and Hormel Foods Corporation (NYSE: HRL).
Cisco Systems' global channel chief, Wendy Bahr, who has been instrumental in managing partnerships for the company's shift to software, is leaving the company after 18 years. "We respect Wendy's decision to leave Cisco and want to thank her for 18 years of leadership at Cisco, most recently leading our Global Partner Organization," the company said in a statement. "Our partner community is one of our strongest assets and we are committed to their success and helping them evolve with Cisco's transformation." Bahr, who joined San Jose-based Cisco in 2000 as its senior vice president of U.S. and Canada channels, helped the company extend its channel to include software partners, which have contributed to the company's recurring revenue growth.
On the 14 September 2018, The Hershey Company (NYSE:HSY) will be paying shareholders an upcoming dividend amount of US$0.72 per share. HSY has increased its DPS from $1.19 to $2.89 in the past 10 years.
Chicago-based Boeing Co. (NYSE: BA) has operations around the country. Here are other recent stories reported by The Business Journals. Chicago-based The Boeing Co. won a $152.4 million contract from the U.S. Navy on Aug. 16 to design, develop, integrate and test the Infrared Search and Track System (IRST) Block II. The Block II system will replace the IRST Block I. The IRST is used on Boeing's F/A-18E/F, or Super Hornet fighter jet — a military-grade aircraft that can travel at more than 1,100 mph. (Orlando Business Journal) Add software glitches to Boeing's challenges as it tries to boost production of its single-aisle 737 jet at its sprawling factory in Renton.
With the S&P 500 up nearly 7% year to date (on top of a 19% gain last year), attractive dividend stocks are dwindling in number. Not only do these two companies boast nice dividends, but they are also quality market leaders: media juggernaut Walt Disney (NYSE: DIS) and semiconductor supplier Broadcom (NASDAQ: AVGO). With its yield of just 1.5%, dividend investors might easily overlook Disney.
Sears shares have been in free fall since the company reported last week that Lampert made a non-binding proposal to the company to buy the Kenmore appliance brand for $400 million and SHIP, Sears' home improvement business, for another $80 million. The move, which came during a market panic about other department store earnings reports, added to concerns about Sears' cash burn and its looming bankruptcy, and also to suspicion that Lampert, who is CEO, Chairman, and both the biggest shareholder and lender in the company, is raiding Sears' assets for his own benefit.
Medtronic Plc posted a better-than-expected quarterly profit on Tuesday, helped by strong sales of its diabetes and heart devices, sending the medical device maker's shares up as much as 4.9 percent to a record high. Dublin-based Medtronic's performance was in line with other device makers such as Boston Scientific Corp and Baxter International Inc that have also reported stronger-than-expected quarterly results.
A few years back, CNBC personality and former hedge fund manager Jim Cramer coined the FANG acronym. Last week, he replaced it with WANG stocks. The FANG acronym was supposed to encapsulate the market’s four big growth tech stocks that represented the
While Ford Motor Co. ( F) has suffered through a difficult first half of the year, losing over one third of its value since mid-January, one team of bulls on the Street forecasts a turnaround ahead if the company can pull through with its $11 billion restructuring plan, as outlined in a recent Barron's story. Trading up 0.8% on Tuesday morning at $9.80, Ford shares reflect a 20.7% gain year-to-date (YTD), sharply underperforming the S&P 500's 7.3% increase and lagging its industry peers. Morgan Stanley's Adam Jonas wrote a note to clients speaking to the massive restructuring as a necessary step for the Detroit automaker, rather than a luxury, due to the firms myriad issues, as cited by Barron's. Back in March, Ford finally got a buy rating from analysts at Morgan Stanley after four years of bearishness.
Q1 2019 Capstone Turbine Corp Earnings Call CHATSWORTH Aug 21, 2018 (Thomson StreetEvents) -- Edited Transcript of Capstone Turbine Corp earnings conference call or presentation Tuesday, August 7, 2018 at 8:45:00pm GMT TEXT version of Transcript ==
One of the last week's biggest losers was Vipshop Holdings (NYSE: VIPS), shedding 22% of its value after posting disappointing financial results. At least three analysts would go on to downgrade the stock. The online discounter of brand-name apparel in
Today we’re going to take a look at the well-established Micron Technology Inc (NASDAQ:MU). A question to answer is whether Micron Technology’s current trading price of $47.11 reflective of the actual value of the large-cap? Let’s take a look at Micron Technology’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change.