Yahoo Finance's LIVE stock market coverage and analysis.
Yahoo Finance's LIVE stock market coverage and analysis.
Analyst Pierre Ferragu from financial firm New Street Research set his price target for AMD at $18 per share, arguing that the stock has been priced for a level of success that simply isn't realistic. "AMD's stock price reflects a scenario we don't believe possible," Ferragu wrote. In particular, Ferragu sees larger rival Intel (NASDAQ: INTC) getting its manufacturing act together as we speak.
Despite the terrible odds — one in 302.5 million for those keeping score at home — someone will eventually match all six numbers and win the Mega Millions jackpot, which now stands at $970 million. Here are some answers for someone holding that prized lottery ticket for what would be the second-largest lottery jackpot in U.S. history. Lottery officials recommend winners take a deep breath, put their winning ticket in a safe spot and consult with a reputable financial planner before popping over to the lottery headquarters.
Tesla CEO Elon Musk announced on Twitter on Thursday that a lower-cost Model 3 was immediately available for order on the company's website. The electric car will have a base price of $45,000 and is eligible for federal and state tax rebates. Tesla shares were down more than 3% Friday after — they gained as much as 2.2% earlier in the session.
The marijuana industry has become a hotbed of investment activity, and players of all sizes are looking to get into the action. On top of all the interest from ordinary investors, cannabis companies have seen demand rise from sophisticated institutional investors that have experience with deploying larger amounts of investment capital in search of high-growth opportunities. One of the most interesting marijuana investment specialists that investors can follow is Canopy Rivers (NASDAQOTH: CNPOF).
Some major market benchmarks managed to hang onto their gains, but the Nasdaq Composite, and Russell 2000 indexes posted losses of 0.5% to 1.25%, and the S&P 500 was virtually flat. Valero Energy (NYSE: VLO), eBay (NASDAQ: EBAY), and New Age Beverages (NASDAQ: NBEV) were among the worst performers on the day. Valero Energy dropped 10% after the refinery company announced that it would buy back all outstanding units of its related MLP, Valero Energy Partners (NYSE: VLP).
Hess Corporation (HES), one of the largest producers in the Deepwater Gulf of Mexico, is expected to experience the highest YoY (year-over-year) cash flow growth among upstream companies in the third quarter. The partnership is expected to post cash flow from operations of $553.6 million in the third quarter compared to $88.0 million in the third quarter of 2017, representing a 529.1% YoY increase. Hess Corporation’s YoY jump is expected to be driven by strong production growth and higher average realized sales prices driven by a significant YoY rise in crude oil prices.
Joshua Englert, manager of the closing Kmart store in McMurray, Penn., says a final farewell to customers. Some shoppers might be sad to see Kmart stores go, after the chain’s parent company, Sears Holdings, filed for Chapter 11 bankruptcy protection on Monday. Taking to his Facebook on Sunday evening, Englert posted a video of himself saying, “Attention, Kmart shoppers” over the store’s PA system for the very last time after working at the superstore for 18 years.
Madison Gesiotto, National Diversity Coalition for Trump, and Democratic strategist Al Mottur on how former presidential candidate Hillary Clinton said that her husband’s affair with Monica Lewinsky was not an abuse of power.
On CNBC's "Mad Money Lightning Round", Jim Cramer said Arrowhead Pharmaceuticals Inc (NASDAQ: ARWR) is a great speculative stock. Cramer is willing to endorse AT&T Inc. (NYSE: T), but he thinks Verizon Communications Inc. (NYSE: VZ) offers more safety
The energy sector continues to experience a gigantic consolidation wave, which is causing master limited partnerships (MLPs) to drop like flies. Valero Energy (NYSE: VLO) is behind the latest disappearing act in the space after it agreed to buy out its MLP Valero Energy Partners (NYSE: VLP). Valero Energy launched Valero Energy Partners in late 2013, joining its refining rivals in creating an income-producing vehicle that would steadily buy its parent's midstream assets.
Shares of Cleveland-Cliffs Inc. fell more than 6% Friday after Chief Executive Lourenco Goncalves slammed analysts during the mining company’s earnings call earlier in the day, accusing them of failing to understand numbers and targeting a Goldman Sachs analyst for most of his angry remarks. Cleveland Cliffs (CLF) stock hovered at its lowest since Sept. 11 and was on pace for its largest percentage loss since late June. Goncalves fired his first salvo soon after the conference call’s first remarks wrapped up.
Analysts predict Boeing will report solid financial results next week thanks to better-than-expected widebody deliveries and growing airline spending on parts and maintenance. Boeing reports third-quarter earnings for the period ended Sept. 30 before financial markets open on Wednesday.
Now Crown Prince Mohammed bin Salman could become the biggest risk to his own project. Everything changed when Jamal Khashoggi walked into the Saudi consulate in Istanbul on Oct. 2 and didn’t come out. Prince Mohammed, who’s denied any knowledge of Khashoggi’s fate, still has his defenders -– notably Donald Trump.
Despite the many perks of early retirement — waking up whenever you want, for example — it wasn’t the easiest decision. Earnings tend to peak around 48 for men and about 39 for women, according to an analysis by PayScale.
Less than five years after it was created as a master limited partnership, San Antonio-based pipeline and storage terminal company Valero Energy Partners LP is merging back with its parent company. Valero Energy Partners (NYSE: VLP) announced after close of market on Thursday that it is merging with Valero Energy Corp. (NYSE: VLO), its general partner Valero Energy Partners GP LLC and Forest Merger Sub LLC, a subsidiary that was incorporated in Delaware as a merge vehicle by Valero on Tuesday. Under a merger agreement filed with the U.S. Securities and Exchange Commission, Valero will buy all outstanding shares of VLP stock at $42.25 per share in a transaction that is expected to be worth $950 million.
Following nine decades of prohibition, recreational marijuana is officially legal in Canada, albeit the extent of who can buy, whether the plant can be homegrown, and where product can be purchased really depends on the province. The important fact here is that legalization is expected to usher in billions of dollars of added annual revenue to the industry. This expectation of a surge in sales -- Wall Street is looking for approximately $5 billion in added annual revenue once the industry is up to speed -- is what's behind the more than two-year rally in marijuana stocks.
Jim Cramer reveals his top "power" players in the information technology space, including consumer tech plays, software giants and a fintech kicker.
Boeing is negotiating potential widebody jet deals with Korean Air, Thai Airways and IndiGo, while one of its longtime, exclusive customers in China is now talking with Airbus. Thai Airways International is weighing buying Boeing's new 777X or Airbus A350s as part of a plan to renew its widebody fleet, a senior executive told Reuters at an airline industry conference in South Korea. Thai Airways submitted a plan to its government to buy 23 jets worth $3 billion including widebodies, but it was returned to the airline's leadership for a fresh three-month review.
With some Canadian pot stocks posting triple-digit return rates this year, many retail investors have looked north to pour cash into cannabis. U.S. cannabis companies are worth a lot more than their current valuations suggest since federal illegality has put undue pressure on the industry, said David Wenger, a New York attorney and senior editor of the Cannabis Law Digest.
Unfortunately for its shareholders, there was a speed bump on the road to rebound last quarter: The company reported this week that revenue shrank, and growth in its vital "strategic imperatives" businesses slowed. Seriously, when IBM's legacy mainframe business is the strongest performer in a given quarter, one has to see that as a problem.
Marijuana presents a tremendous opportunity for investors over the next few years. Naïve investors are excited. The reality is that professionals will pick their pockets, and many naïve investors who are excited now will end up losing 90% of their investment.
You know the odds of winning the Mega Millions jackpot are insanely low. The jackpot for the Mega Millions drawing, set to take place Friday, Oct. 19 at 11 p.m., is currently estimated at $970 million. Generous souls will give some of their jackpot winnings to charity or start one of their own, but if you’ve got a quirky sense of humor, it’s worth pointing out that the $970 million Mega Millions jackpot is enough to pay for a McDonald’s Happy Meal (hamburger, not Chicken McNuggets) for every person in America.
Xilinx XLNX is scheduled to report fiscal second-quarter 2019 results on Oct 24. The company beat the Zacks Consensus Estimate in three of the trailing four quarters, delivering an average positive surprise of 5.95%. In the last reported quarter, the company reported earnings of 74 cents per share, which beat the Zacks Consensus Estimate by a penny and were much higher than the prior-year quarter’s figure of 59 cents.
Freeport-McMoRan (FCX) is scheduled to release its third-quarter earnings results on October 24. Analysts polled by Thomson Reuters expect Freeport to post revenue of $4.5 billion in the third quarter. Freeport posted an adjusted EBITDA of $1.6 billion in the third quarter of 2017.
Why Analysts Are Pessimistic about Ford’s Q3 2018 Earnings Ford’s Q3 2018 earnings Ford Motor Company (F), the second-largest US automaker by 2017 vehicle sales volume, is set to release its third quarter of 2018 earnings report on October 24. But before