- TheStreet.com•15 hours ago
2 Big-Name Stocks You Should Consider Shorting This Week
Using recent actions and grades from TheStreet's Quant Ratings and layering on technical analysis of the charts of those stocks, Trifecta Stocks identifies five names each Friday that look bearish. While we will not be weighing in with fundamental analysis we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. recently was downgraded to Hold with a C+ rating by TheStreet's Quant Ratings.
- MarketWatch•2 days ago
Apple is a ‘buybuybuy’ right now, and other FAANG stocks are bargains too
As the S&P 500 index (SPX) dropped almost 7% in October, and the Dow Jones Industrial Average (DJIA) shed 5% of its value, the even-bigger drop was in the high-multiple, highflying tech stocks that fell as much as 15%. Yes, Apple missed slightly on unit sales of iPhones, and the midpoint of the company’s December-quarter revenue forecast was about $2 billion shy of the FactSet consensus. Apple’s services business had its first $10 billion quarter, confirming the long-term growth thesis for the world’s most-valuable company, and average iPhone selling prices beat expectations while rising almost 27% — showing that consumers are not, as feared, freaked out by the big price hikes the company put through for its new models.
- CNBC•2 days ago
This fledgling lingerie company is growing by 300%, and crushing the mighty Victoria's Secret
Lively has developed "leisurée" that combines lingerie and activewear for women of all sizes. The brand opened its own flagship store in New York City in July and partnered with Nordstrom in September. Founder and CEO Michelle Cordeiro Grant said they are looking to expand with more stores outside of the East Coast.
- MarketWatch•19 hours ago
You should be worried about tech stocks, and here’s why
After three weeks of tech earnings reports, we have seen such major companies as Apple Inc. and Amazon.com Inc. hammered after poor forecasts, but the real danger for tech is being voiced by companies that are not such household names. Several semiconductor companies are seeing a slowdown, and, even though they may be in the minority for now, they should not be ignored. Semiconductors, because of where they sit in the global supply chain and how pervasive their use is across so many products, can sound alarms about tech-ecosystem weakness that could be right around the corner.
Bloomberg•18 hours agoBuffett Shows His Appetite for Buying Stocks, Including His Own
Now, October’s market slide opens the door for Warren Buffett to finally make a dent in his giant pile of cash. Berkshire Hathaway Inc.’s chairman poured more money into stock purchases last quarter than he has in more than four years. Buffett also spent $928 million on share buybacks during a few weeks in August, a move he’s typically spurned.
- TheStreet.com•2 days ago
Alibaba's Earnings Show Why its Stock Is a Bargain..and Also Why It Has Sold Off
In addition, Alibaba, which in May had guided for its fiscal 2019 (ends in March 2019) revenue to grow over 60% on an RMB basis, and over 50% excluding the impact of two M&A transactions, says it now expects fiscal 2019 revenue of RMB375 billion to RMB383 billion. "In light of current fluid macro-economic conditions, we have recently decided not to monetize, in the near term, incremental inventory generated from growing users and engagement on our China retail marketplaces," said Alibaba in its explanation for the guidance cut. As of the time of this article, Alibaba's stock is down 2.4% to $147.64.
- Reuters•6 hours ago
Chinese chipmaker's ambitions hit hurdle with U.S. indictment
It planned to drive a shift towards locally made chips and end a heavy reliance on imports, especially from the United States. "The era of Chinese chips has arrived," it said in a recent promotional online pamphlet to attract chip industry talent. "China once relied on chip imports, but the tireless work of untold numbers of chip experts has meant that from 90 percent imports we have been able to attain localized production," it said, highlighting a high-skilled global workforce harking from the United States, Japan and South Korea.
- MarketWatch•2 days ago
Suze Orman missed the point of retirement, and that’s why she went back to work
Suze Orman did a smackdown of the FIRE (Financial Independence/Retire Early) movement on Paula Pant’s podcast. Coach Carson posted a balanced, informative response, appreciating Suze’s admonition to be sure you have enough for a risk-free retirement. Suze enumerated a string “what can go wrong” scenarios as evidence that early retirement (on less than $10 million) leaves you vulnerable when life hands you lemons — a whole tree of lemons.
Business Insider•2 days agoAn executive with Google's parent company resigns with no severance after sexual misconduct allegations come to light (GOOGL, GOOG)
Richard DeVaul, who cofounded Alphabet's Project Loon, has left the company. DeVaul resigned less than a week after The New York Times published a report detailing sexual misconduct allegations that were made against him.
- Bloomberg•51 minutes ago
SoftBank Profit Soars as Son Begins to Benefit From Tech Deals
SoftBank reported second-quarter profit that far exceeded the highest analyst estimate largely because of multi-billion dollar gains on a handful of his many deals. Operating profit rose 78 percent to 706 billion yen ($6.2 billion) in the three months ended September, compared with the 373 billion yen average of analysts’ estimates compiled by Bloomberg. Son has been remaking SoftBank from primarily a telecommunications operator into a technology investment firm with his $100 billion Vision Fund.
Reuters•yesterdayOil rally faces tidal wave of supply
For a time, prices had some support on hopes that renewed U.S. sanctions on Iran would force barrels off the market. The world's three largest producers - Russia, Saudi Arabia and the United States - all indicated they were pumping at record or near-record levels, while the United States said it would allow waivers that could allow buyers to keep importing Iranian oil, lessening the threat of a supply crunch. The structure of the U.S. crude futures curve had for several months indicated expectations for tighter supply, but future-dated contracts now suggest investors think markets could be awash in oil over the coming months.
- MarketWatch•18 hours ago
Apple stock suffers worst day in more than four years after ‘Houdini-like move’ with earnings
Apple Inc. shares fell in Friday trading, after the smartphone manufacturer beat expectations with its latest results but delivered a disappointing forecast and announced that it will no longer be provide unit-sales figures for the iPhone and other hardware products. The stock dropped 6.6% Friday, Apple’s worst single-day percentage fall since January 2014. Analyst commentary following the September-quarter report was mixed, as some argued that the unpopular change will ultimately benefit Apple (AAPL) by getting investors to focus on its fast-growing services business—no doubt the company’s intention—while others predicted that the company will continue to be punished for this lack of disclosure.
- MarketWatch•19 hours ago
Stock-market bulls hope midterms revive upside momentum
Stock-market bulls tentatively finding their footing after a brutal October must now prepare for a pair of events in the week ahead that could throw financial markets for loop: U.S. midterm elections and a Federal Reserve policy meeting. Tuesday’s congressional elections are expected to see the Democrats wrest control of the House of Representatives and Republicans retain control of the Senate. The big question for financial markets is whether gridlock in Washington will prevail, and the answer is likely to be yes, said Mike Hanson, senior vice president of research at Fisher Investments.
- MarketWatch•20 hours ago
How to save twice your salary (or more) by age 35
You may have recently seen the recommendation from retirement experts that you should save two times (2X) your annual salary by age 35, and if you wondered — like a lot of people on Twitter did — how that’s even possible, let’s break it down. While it’s no secret that millennials are especially hard-hit by student debt, a full 80% of Americans are in debt, a figure that varies minimally between generations.
- MarketWatch•18 hours ago
Big biotech companies have flushed $100 billion in stock buybacks down the toilet
Stock buybacks — what are they good for? When it comes to the more than $100 billion that big biotech companies have spent in recent years, Leerink analyst Geoffrey Porges might well sing back: Absolutely nothing. Stock buybacks “have destroyed more than $12 billion in value, and generated no positive return in total, at least as a portfolio investment,” Porges said.
- MarketWatch•18 hours ago
Apple predicts record holiday sales, but that isn’t enough to save stock
Apple Inc. revealed a blockbuster September quarter Thursday and predicted record revenue for the holiday season. The smartphone manufacturer on Thursday reported that it had grown revenue by 20% in its fiscal fourth quarter, thanks in part to strong momentum for the latest iPhones. The iPhone business grew by the largest percentage in years, rising 29% as the iPhone XS and XS Max hit shelves.
- TheStreet.com•2 days ago
Waymo Is One Step Closer to Cashing In on Autonomous Driving
-- was granted permission this past week by the state of California to operate a driverless vehicle without a test driver. Alphabet, Amazon, Facebook and Apple are holdings in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells GOOGL, FB, AMZN or AAPL?
Business Insider•2 days agoIt's become increasingly clear that Alphabet, Google's parent company, needs new leadership (GOOGL, GOOG)
It's become increasingly clear that Alphabet needs new leadership. The recent scandals and controversies at the company, most notably over its handling of sexual harassment allegations, have highlighted the shortcomings of its top leaders. CEO Larry Page, for example, hasn't made a public appearance in years.
Reuters•2 days agoBuffett's Berkshire doubles profit, repurchases $900 million stock in third quarter
Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said its quarterly operating profit doubled as its insurance business dodged hurricanes and benefited from lower taxes. The strong result gives Buffett more cash to deploy even as the well-known bargain-hunting "value" investor has admitted struggling to find a place to put those earnings to work and resorted to buying back $928 million in his own company's stock in the latest quarter. "This is absolutely one of the biggest quarterly earnings reports that has ever come out of a United States corporation," said Bill Smead, chief executive of Smead Capital Management, a Berkshire shareholder.
- Engadget•54 minutes ago
Sears hopes to sell its home improvement business to Service.com
Bankrupt retailer Sears announced that it's seeking permission to sell its home improvement division to a key rival partly responsible for its downfall. Pending trustee approval, it will sell the business to Service.com, an Airbnb-like service that helps home owners find contractors, for $60 million. Sears Home Services is considered to be one of the retailer's more valuable assets, so the asking price shows how far the company -- which employed 302,000 people just a decade ago -- has fallen.
- Zacks•2 days ago
Why Is Constellation Brands (STZ) Down 9.4% Since Last Earnings Report?
A month has gone by since the last earnings report for Constellation Brands (STZ). Will the recent negative trend continue leading up to its next earnings release, or is Constellation Brands due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
- MarketWatch•19 hours ago
Facebook stock seesaws after earnings beat, but gains after forecast isn’t as scary
Facebook Inc. beat Wall Street expectations for profit Tuesday, despite numerous public-relations crises over the past several months and a forecast that led to a record drop for shares three months ago. Facebook (FB) stock seesawed after third-quarter earnings were released Tuesday afternoon, but settled at gains of roughly 3% once the conference call with executives concluded. As the numbers hit the wire, Facebook stock fell almost 4% in after-hours trading, but recovered minutes later and kicked off the call barely in the red, then headed south during prepared remarks before recovering for gains after executives wrapped up without delivering another guidance surprise.
Reuters•10 hours agoVying for Vuitton: China's e-commerce rivals seek luxury stranglehold
China's online giants Alibaba and JD.com are taking their battle for relevance in the lucrative luxury goods market to a new level, as they aim to crack e-commerce tie-ups with top brands that usually shun selling through third parties. From Hugo Boss to La Perla underwear, the online shopping giants have recruited dozens of labels since launching their rival luxury sites in mid-2017, touting their access to a trove of consumer data and their grip on local payments systems in the world's biggest market for high-end fashion. Both are banking that even elusive outsiders will tire of trying to fly solo in China, where potential clients shop far more by mobile phone apps than in the United States or Europe, and those in smaller, far-flung cities are hard to reach.
Bloomberg•2 days agoBuffett Puts Cash to Work Buying Back $928 Million in Shares
While the 88-year-old investor has dabbled in repurchasing shares before, he’s long favored acquisitions of companies or investing in shares of other firms over capital return. Now, Buffett and Vice Chairman Charlie Munger can decide when the stock is trading at less than what they believe is the intrinsic value. A slump in Berkshire shares over the past month raises the question of whether Buffett will buy back more stock.
- Bloomberg•4 hours ago
Wall Street’s Turnaround on Saudis Signals Return to Business as Usual
A month after the murder of government critic Jamal Khashoggi in the Saudi consulate in Istanbul, bankers say the rewards of doing business with the oil-rich kingdom far outweigh the risks. Jamie Dimon of JPMorgan Chase & Co. says his skipping of a glitzy investment conference chaired by the crown prince two weeks ago in the immediate aftermath of the killing accomplished nothing. Doing business with Saudi Arabia was “not something I’m ashamed of,” Larry Fink, head of BlackRock Inc., told a conference in New York Thursday. He spoke a day after Turkey’s top prosecutor said Saudi agents strangled Khashoggi just after he entered the consulate and then dismembered his body.
