- S&P 5002,677.67-1.33%
- Dow 3024,608.98-1.68%
- Nasdaq7,180.56-1.27%
- Russell 20001,507.39-0.33%
- Crude Oil60.97-0.03%
- Gold1,317.50+0.94%
- Silver16.44+1.01%
- EUR/USD1.23+0.01%
- 10-Yr Bond2.80-2.23%
- Vix22.47+13.20%
- GBP/USD1.38+0.03%
- USD/JPY106.04-0.06%
- BTC-USD11,093.57+1.50%
- FTSE 1007,175.64-0.78%
- Nikkei 22521,097.35-2.89%
The Street•12 hours agoCelgene Fell 9% Wednesday, But Is One of 3 Biotechs I Like for March and Beyond
I continue to use the market's recent hiccups to add to some of my core positions, primarily using a simple buy/write strategy to take advantage of the larger options premiums created by Wall Street's ongoing gyrations. Here are three good candidates for this approach that I see in the biotech space: I like to buy ANI on dips partly because the company has been mentioned as a possible buyout candidate more than once. ANI also reported this week that fourth-quarter revenues grew almost 25% year over year, while management offered solid forward guidance. Additionally, management has done a commendable job at making small strategic acquisitions over the years while keeping a clean balance sheet.
- barrons.com•6 hours ago
VMware Plunges, Dell Tracker Rallies, on Merger Report
A CNBC report today about a potential reverse merger of VMware (VMW) and the privately held Dell Technologies spurred a sharp afternoon selloff in VMware, which fell $8.09, or 6%, to $123.66 on the session. VMware investors generally are fearful of a merger with the highly indebted Dell, and the CNBC report—which said that Michael Dell, the controlling shareholder of Dell, is considering such a move—was viewed negatively. The Dell tracking stock (DVMT) for VMware, however, rallied, rising 1.5% to $75.37, because the CNBC report said that any transaction between VMware, now 82% owned by Dell, and Dell would result in the tracker shares being acquired at an unspecified premium. The tracker had
Associated Press•51 minutes agoAsian stocks skid, tracking Wall St loss on tariff fears
HONG KONG (AP) — Asian shares posted steep declines Friday, adding to global stock market losses after President Donald Trump vowed to impose stiff steel and aluminum tariffs, sparking fears of a trade war.KEEPING SCORE: Japan's benchmark Nikkei 225 lost
InvestorPlace•9 hours agoWill Qualcomm, Inc. Ever Agree to a Deal With Broadcom Ltd?
Will the back-and-forth drama between Qualcomm, Inc. (NASDAQ:QCOM) and Broadcom Ltd (NASDAQ:AVGO) ever come to an end? In November, Broadcom offered to buy Qualcomm for $70 per share, but QCOM objected. Broadcom upped its price, and Qualcomm — you guessed it — still said no.
- Yahoo Finance•9 hours ago
AAA forecasts spring gas prices will be highest since 2015
Although prices at the pump have fallen in recent weeks, AAA predicts that the national gas price average will jump to $2.70 a gallon this spring and early summer. The last time gas reached that level was the spring/summer of 2015, when motorists were paying $2.81 a gallon. AAA expects prices to jump in early April, around the time when refineries switch over to their summer blend, which is more expensive.
Associated Press•13 hours agoEquifax finds additional 2.4 million impacted by 2017 breach
Equifax said Thursday that an additional 2.4 million Americans were impacted by last year's data breach, however these newly disclosed consumers had significantly less personal information stolen. The company says the additional consumers only had their names and a partial driver's license number stolen by the attackers, unlike the original 145.5 million Americans who had their Social Security numbers impacted. In total, roughly 147.9 million Americans have been impacted by Equifax's data breach.
- CNBC Videos•8 hours ago
Carl Icahn: My biggest stock market worry is 'creeping in...
Billionaire investor Carl Icahn told CNBC on Thursday he focuses on "simplistic, but obvious things" when trying to gauge the direction of the stock market, especially during these highly volatile times.
- InvestorPlace•13 hours ago
Trade of the Day: General Electric (GE)
InvestorPlace advisers John Jagerson and S. Wade Hansen, both Chartered Market Technician (CMT) designees, are co-founders of LearningMarkets.com, as well as the co-editors of SlingShot Trader, a trading service designed to help you make options profits by trading the news.
Business Insider•16 hours agoAn ex-Google engineer's sexual-harassment lawsuit claims she found a male coworker hiding under her desk (GOOG)
A former Google software engineer has filed a lawsuit full of disturbing allegations of harassment by male colleagues and discrimination by Google. Loretta Lee worked at Google for eight years before being fired in 2016. Google says it takes the allegations seriously.
- Zacks•15 hours ago
New Strong Sell Stocks for March 1st
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:Acacia Communications, Inc. ACIA is a developer and manufacturer of optical interconnect products. The Zacks Consensus Estimate for its current year earnings has been revised 44.7%
- InvestorPlace•9 hours ago
JD.com Inc(ADR) Heads Into a Key Earnings Report
On Friday morning, JD.com Inc(ADR) (NASDAQ:JD) will release its fourth-quarter earnings. JD stock has gained almost 12% so far this year — and about 30% since bouncing off December lows. The JD.com story is based in large part on the company taking share from rival Alibaba Group Holding Ltd (NYSE:BABA).
- MarketWatch•yesterday
Steve Wozniak had $70,000 in bitcoin stolen after falling for a simple, yet perfect, scam
Steve Wozniak, the co-founder of Apple AAPL, +0.96% who is widely considered to be a tech genius, made a rudimentary and expensive mistake recently. “I had seven bitcoins stolen from me through fraud,” Wozniak said at the Times’ Global Business Summit on Monday. “Somebody bought them from me online through a credit card and they cancelled the credit card payment. It was that easy. And it was from a stolen credit card number so you can never get it back.” With bitcoin BTC, -0.63% currently valued at $10,000, the move lost him the equivalent of $70,000 (or $140,000 at bitcoin’s peak value of $20,000). His mistake is far too easy to do, said Joe Blackburn, a cryptocurrency entrepreneur and head
- CNBC Videos•yesterday
Kevin O'Leary on missing out on Ring on 'Shark Tank'
"Shark Tank" Host Kevin O'Leary, O'Shares ETFs, discusses Amazon's acquisition of Ring after he failed to get a deal with them on the show back in 2013.
- CNBC.com•8 hours ago
More than half of the S&P is in correction territory. Here are names to buy on the dip
Half of the S&P is still in correction territory. Here are names to buy on the dip 6 Hours Ago | 04:46 Markets tumbled on Thursday following President Trump's trade tariff announcement earlier in the session. The S&P 500, Dow Jones industrial average and Nasdaq composite all logged losses of nearly 2 percent each. As more than half of S&P stocks sit in correction territory from losses incurred last month, some market participants are recommending bargain buys at these levels. Shares of home improvement giant Lowe's, which on Wednesday plunged after a disappointing earnings report, looks like a buy here to Mark Tepper, president and CEO of Strategic Wealth Partners. "We're really big on the
Yahoo Finance•yesterdayAmerican workers will see only a tiny portion of the corporate tax windfall
American workers will see only a small portion of the massive windfall of money going to companies following corporate tax reform, according to a new analysis from JUST Capital. With the corporate tax rate dropping from 35% to 21%, many companies have announced plans to hike wages and give out bonuses. Yahoo Finance has compiled a list of names. This year, JUST Capital estimates that the Russell 1000 companies it follows will see $150 billion in tax-related income. Of the 90 of the largest publicly-traded companies that have announced plans an average of 6% of that tax-related income will go to workers, according to JUST Capital’s analysis.
- The Street•2 days ago
Amazon's $1 Billion Acquisition of Ring Should Terrify These 2 Retailers
Action Alerts Plus holding Amazon (AMZN) will now own digital doorbell maker Ring. And to be blunt, Home Depot (HD) and Best Buy (BBY) should be terrified. Meanwhile, new Fed chair Jerome Powell has been no friend of the stock market. Papa John's (PZZA) should sell itself after its NFL marketing debacle. Receive the free Jolt newsletter here.
Associated Press•yesterdayHow much tax to withhold? New calculator to help figure it
Millions of Americans are now getting bigger paychecks as a result of the new tax law. The calculator unveiled Wednesday by the Treasury Department and the Internal Revenue Service helps people determine whether they have the correct amount of money withheld by employers from paychecks — to avoid facing a huge tax bill for 2018. The calculator asks taxpayers to estimate their 2018 income and other items that affect their taxes, such as filing status and number of dependents.
- InvestorPlace•13 hours ago
Believe the Hewlett Packard Enterprise Co Stock Turnaround Hype
As far as leaving on a high note goes, now-former Hewlett Packard Enterprise Co (NYSE:HPE) CEO Meg Whitman managed to do so quite nicely. The technology giant’s fiscal first quarter results were better than expected, catapulting Hewlett Packard stock following Thursday’s post-close announcement. Possibly, even if HPE shares remain erratic for the foreseeable future.
- U.S.News & World Report•13 hours ago
5 Ways to Save for Retirement Outside a 401(k)
Your workplace 401(k) plan is typically the most convenient way to begin saving for retirement. The good news is there are quite a few ways to save money for retirement without completely relying on a 401(k) plan.
- CNBC•23 hours ago
David Einhorn's hedge fund was crushed — again — in February
Both Greenlight Capital and the Greenlight Capital Offshore fell by 6.2 percent in February, according to David Einhorn's monthly update to investors, as seen by CNBC. The fresh round of losses extends the hedge fund's decline in 2018 to more than 12 percent. Greenlight Capital has been under-performing the S&P 500.
InvestorPlace•yesterdayIs Ford Motor Company Stock At the Perfect Buy Level?
It hasn’t been a good year so far for Ford Motor Company (NYSE:F). Just when it looked like the worst was in the rearview mirror, with Ford stock snapping out of a nasty multi-year downtrend, shares were hammered back down and threatened to break below $10. After sitting near $13 at the start of the year, investors now wonder if Ford stock is a bargain near $10.50.
- CNBC.com•2 days ago
Lowe's to become the exclusive retailer for Sherwin-Williams' paint products
Patrick T. Fallon | Bloomberg | Getty Images Lowe's and Valspar owner Sherwin-Williams are deepening a decades-old relationship, making the home improvement retailer the sole distributor in the home category of popular paint brands including Minwax, Cabot, and Thompson's WaterSeal. Sherwin-Williams will continue to operate its own retail storefronts, as it skips over other major retailers for outside distribution in this deal. The news comes as Lowe's fights to keep pace with rival Home Depot, which recently revealed its plans to partner with Tesla to sell solar panels in its stores. The two companies compete within the industry to win the best brands that, in turn, will attract more shoppers.
- InvestorPlace•9 hours ago
General Electric Company Stock Has Gone From Bad to Worse
General Electric Company (NYSE:GE) may go down in history as being one of the greatest companies to ever take a face-plant under a CEO who rested on his laurels. GE stock is now at $14 and could go even lower.
Yahoo Finance•yesterdayBlackstone CEO has sobering advice for young people looking to start a Wall St. business
Billionaire private equity CEO Steve Schwarzman co-founded Blackstone when he was 37 years old. Today, Blackstone is the largest private equity firm in the world, with around $434 billion in assets. During a recent conversation with Yahoo Finance, Schwarzman, now 71, reflected on his career, lessons in dealmaking, and even offered some sage advice for young twenty-somethings looking to launch a Wall Street business.
- InvestorPlace•yesterday
Is Oracle Corporation the Next Microsoft? … Or the Next IBM?
When it comes to Oracle Corporation (NYSE:ORCL), there’s one basic question. Is Oracle stock the next Microsoft Corporation (NASDAQ:MSFT)? The bull case for Oracle stock is largely based on it taking a path similar to that of Microsoft, albeit in the enterprise space.
