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Yahoo Finance Live: Midday Movers - Aug 8th, 2018

Yahoo Finance's LIVE stock market coverage and analysis.

  • Bill Gates Mourns His Microsoft Co-Founder Paul Allen: 'Personal Computing Would Not Have Existed Without Him'
    Finance
    Fortune

    Bill Gates Mourns His Microsoft Co-Founder Paul Allen: 'Personal Computing Would Not Have Existed Without Him'

    Microsoft co-founder Paul Allen’s death yesterday was met with mourning from people who remembered him for his various business ventures, philanthropic work, and sports enthusiasm. Bill Gates, who co-founded Microsoft msft with Allen, was among them. From our early days together at Lakeside School, through our partnership in the creation of Microsoft, to some of our joint philanthropic projects over the years, Paul was a true partner and dear friend.

  • How positive investor sentiment could end up hurting marijuana stocks
    Business
    MarketWatch

    How positive investor sentiment could end up hurting marijuana stocks

    There is excitement about marijuana becoming legal in Canada. Many investors are eager, but astute investors are careful. The reason astute investors are careful is because they know from experience that many will make millions in marijuana stocks but many more will go bust.

  • Walmart is aggressively shifting away from its most legendary shopping format
    Finance
    Yahoo Finance

    Walmart is aggressively shifting away from its most legendary shopping format

    Walmart (WMT) continues to kill off the American shopping creation it’s most known for, the massive supercenter that sells everything under one roof. With the U.S. market already having more than 3,500 Walmart supercenters and a focus by CEO Doug McMillon to increase spending on eCommerce and India, Walmart said Tuesday it will open a mere 10 supercenters in 2019. The company has reduced emphasis on the store format pioneered by founder Sam Walton – which could average a gargantuan 178,000 square feet – in recent years.

  • Where Will NVIDIA Be in 5 Years?
    Business
    Motley Fool

    Where Will NVIDIA Be in 5 Years?

    At one time, NVIDIA (NASDAQ: NVDA) floated under the radar in the technology sector. Its graphics processing units (GPUs) were then niche tech products that appealed mainly to graphic artists and hardcore PC gamers, but that all changed over the last

  • 3 Top Large-Cap Stocks to Buy in October
    Business
    Motley Fool

    3 Top Large-Cap Stocks to Buy in October

    If you're looking for high-quality large-cap stocks to add to your portfolio this month, three of our Motley Fool contributors have some ideas. Here's why you should consider Berkshire Hathaway (NYSE: BRK.B), Cisco Systems (NASDAQ: CSCO), and AT&T (NYSE: T). Tyler Crowe (Berkshire Hathaway): Perhaps one of the most ridiculous investment takes out there right now is that Berkshire Hathaway's immense cash pile isn't a good thing.

  • Business
    Barrons.com

    American Airlines Stock Has Gotten Clobbered. History Says It’s Time to Buy

    “Catching the falling knife” is supposed to be a stock market no-no. Momentum investors prefer to leave free-falling issues alone until they show signs of stabilizing, lest they keep right on falling. American Airlines stock closed up 2.8% on Monday, to $31.78. J.P. Morgan airline analyst Jamie Baker has made a study of what he calls the “down 30 in 30” trade: buying shares of airlines whose stocks fall 30% within 30 days.

  • A Google self-driving car reportedly caused a crash in 2011 after a former engineer changed its code to drive where it wasn't supposed to (GOOG, GOOGL)
    Finance
    Business Insider

    A Google self-driving car reportedly caused a crash in 2011 after a former engineer changed its code to drive where it wasn't supposed to (GOOG, GOOGL)

    Before Anthony Levandowski was accused of stealing trade secrets from Google sister company Waymo, he worked on Google's in-house self-driving car unit, nicknamed Project Chauffeur. Former Google executives claimed that Levandowski ignored safety concerns, including in one instance where he allegedly took a self-driving car on an off-limits route. While working at Google's Project Chauffeur, the self-driving car program that would later evolve into Waymo, Levandowski allegedly modified the car's software so it could be taken on routes that were previously off-limits.

  • Finance
    Investopedia

    Morgan Stanley Cuts Netflix PT Ahead of Earnings

    In the second quarter, Netflix disappointed investors with weaker than expected net subscriber additions, sparking concern regarding heightened competitive pressures in the on-demand streaming space and decelerated growth in the U.S., its most profitable market. Last week's global sell-off, which disproportionately weighed on America's largest tech titans, pulled Netflix stock's decline from its high in July to over 20%.

  • Jamal Khashoggi was accidentally killed during interrogation: report
    Business
    Fox Business Videos

    Jamal Khashoggi was accidentally killed during interrogation: report

    Fox Business foreign policy analyst Walid Phares on the report that Saudi journalist Jamal Khashoggi was accidentally killed.

  • Even With $80 Oil, You Should Avoid These 3 Stocks
    Business
    Motley Fool

    Even With $80 Oil, You Should Avoid These 3 Stocks

    Three oil and gas stocks that truly stick out as companies with a "stay away" label are independent oil and gas producer SandRidge Energy (NYSE: SD), equipment and services provider Weatherford International (NYSE: WFT), and pipelines and logistics specialist Buckeye Partners (NYSE: BPL).

  • These are the bad things about early retirement that no one talks about
    News
    MarketWatch

    These are the bad things about early retirement that no one talks about

    For all the glamour of living an early retirement lifestyle, there are plenty of negatives I’ve come to discover since I permanently left my job in 2012. As a result, you’re repeatedly forced to will yourself into action.

  • Brits Are All Making the Same Joke About the New Royal Baby
    News
    Time

    Brits Are All Making the Same Joke About the New Royal Baby

    Meghan Markle, the Duchess of Sussex, is expecting her first child with Prince Harry. The news, announced Monday morning by Kensington Palace, has already been greeted by hundreds of messages of congratulations for the royal couple on social media. The U.K. is set to leave the European Union on March 29, exactly two years after Prime Minister Theresa May started the formal process for doing so by invoking Article 50 of the Lisbon Treaty.

  • JCPenney Stock: Do Analysts Foresee Any Upside?
    Business
    Market Realist

    JCPenney Stock: Do Analysts Foresee Any Upside?

    Can New CEO Bring JCPenney Back on Track? (Continued from Prior Part) Consensus “hold” rating Most analysts currently have a “hold” recommendation for JCPenney (JCP) stock. The mid-tier department store chain was rated a “hold” by 75%, or 12 out of 16

  • Goldman Sachs and Raymond James cut Netflix price target ahead of earnings
    Business
    Yahoo Finance Video

    Goldman Sachs and Raymond James cut Netflix price target ahead of earnings

    Netflix getting its price target slashed by both Goldman Sachs and Raymond James ahead of its highly expected earnings report tomorrow. Both firms are concerned that rising interest rates could pinch the company’s valuation.

  • Forget Gilead Sciences: Intercept Pharmaceuticals, Inc. Is a Better Growth Stock
    Business
    Motley Fool

    Forget Gilead Sciences: Intercept Pharmaceuticals, Inc. Is a Better Growth Stock

    Gilead Sciences (NASDAQ: GILD) has clearly lost its luster as a growth stock over the last three years, thanks to a suite of setbacks for its oncology and hepatitis C franchises, as well as an increasingly competitive HIV marketplace. Gilead's stock, for instance, has woefully underperformed the broader biotech landscape during the past 36 months. With a price-to-sales ratio of 18.9 at present, Intercept's stock might not look like an outright bargain.

  • A Look at AT&T’s Dividends
    Business
    Market Realist

    A Look at AT&T’s Dividends

    What Investors Should Know about AT&T’s Growth Prospects (Continued from Prior Part) Shareholder returns Increasing capital returns to shareholders is one of AT&T’s (T) main priorities. In the second quarter, the company returned $3.1 billion to shareholders

  • Many U.S. mall owners say good riddance to Sears
    Finance
    Reuters

    Many U.S. mall owners say good riddance to Sears

    The real estate investment trusts that own the malls and shopping centers where many Sears stores are anchor tenants have waited years for the retailer's demise to renovate the sites and boost rent, although redevelopment costs may strain some plans. Most large U.S. malls are controlled by REITs. In recent years, the REITs have cut their exposure to Sears Holdings Corp, which filed for Chapter 11 bankruptcy on Monday.

  • Offshore drillers eye recovery by 2020
    Business
    Reuters

    Offshore drillers eye recovery by 2020

    Transocean Ltd (RIGN.S), a top supplier of drilling vessels, said last month that rates for its new high-spec vessels in the North Sea are now fetching $300,000 a day. Transocean last year acquired rival Songa Offshore SE [SONG.UL] and recently agreed to buy deep water expert Ocean Rig UDW (ORIG.O) for $2.7 billion. Tie-ups with state run giants like Aramco (IPO-ARMO.SE) and Qatar Petroleum [QATPE.UL] are expected to boost rates in the Middle East for drillers in the jack-up - or shallow water - rig market, while the U.S. Gulf of Mexico and West Africa are already showing signs of recovery, Rystad Energy analyst Oddmund Fore said.

  • Apple Earnings: The Most Important Metric to Watch
    Business
    Motley Fool

    Apple Earnings: The Most Important Metric to Watch

    Apple (NASDAQ: AAPL) earnings are coming up -- and lots of investors will be watching. Scheduled for Nov. 1, the earnings release will give investors a better idea of how sustainable the company's reinvigorated growth rates are. Both Apple's revenue and earnings-per-share growth rates have accelerated recently.

  • Business
    Benzinga

    Jim Cramer Advises His Viewers On Cisco, Microsoft And More

    On CNBC's "Mad Money Lightning Round", Jim Cramer said Microsoft Corporation (NASDAQ: MSFT) can still be bought, but only a half of a position. United Technologies Corporation (NYSE: UTX) is going to be stuck until it buys Rockwell Collins, Inc. (NYSE

  • KMI, EPD, ETE, and OKE: Key Midstream Rating Updates
    Business
    Market Realist

    KMI, EPD, ETE, and OKE: Key Midstream Rating Updates

    MLPs Fell Last Week, Outperformed the Broader Markets (Continued from Prior Part) Credit Suisse updated its ratings Credit Suisse updated its ratings on several MLP and midstream stocks last week. Credit Suisse started coverage on Plains All American

  • Here's the Average Social Security Benefit for 2019
    Business
    Motley Fool

    Here's the Average Social Security Benefit for 2019

    Millions of seniors collect Social Security, and without it, they'd be underwater on their bills. At present, the average retiree gets $1,422 a month in Social Security benefits. There's a world of misinformation surrounding Social Security, and perhaps one of the most detrimental myths out there is the notion that the program is enough to sustain seniors by itself.

  • Ford releases new Territory mid-size SUV in China to boost sales
    Business
    CNBC

    Ford releases new Territory mid-size SUV in China to boost sales

    Ford (F) released an all-new mid-sized sport utility vehicle in China on Monday, as the automaker contends with an aging product line and flagging sales in the world's biggest car market. The Ford Territory is aimed at mid-sized SUV customers in small but fast growing cities across China, which Ford said is the country's fastest growing market. The vehicle was developed with Ford's local partner, Jiangling Motors.

  • Better Buy: Western Digital Corporation vs. Intel Corporation
    Business
    Motley Fool

    Better Buy: Western Digital Corporation vs. Intel Corporation

    Western Digital (NASDAQ: WDC) and Intel (NASDAQ: INTC) are both mature tech companies that lead their respective industries. WD is the world's top maker of HDDs (hard disk drives), and Intel is the top manufacturer of CPUs for PCs and data centers. WD's stock tumbled 40% over the past six months, while Intel's stock slumped 15%.

  • Johnson & Johnson edges past profit estimates, lifts outlook
    Business
    Reuters

    Johnson & Johnson edges past profit estimates, lifts outlook

    Shares were unchanged in premarket trading, with the company forecasting adjusted 2018 earnings per share in the range of $8.13 and $8.18, marginally up from a previous range of $8.07 to $8.17. "This is exactly how we want to start the third earnings season," BMO Capital Markets analyst Joanne Wuensch wrote in a note, referring to the overall sales number. As Remicade faces increased competition and sales of medical devices and some consumer products weaken, J&J has been relying on its new cancer drugs as well as deals like the $30 billion purchase of rare disease specialist Actelion last year.