Associated Press•yesterdayUS mortgage rates climb to 4-year high
Long-term U.S. mortgage rates climbed this week to their highest average in more than four years, ratcheting up affordability pressures at the start of the traditional spring home buying season. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year fixed-rate mortgages climbed to 4.46 percent this week from 4.43 percent last week. Higher mortgage rates appear to be weighing on home sales, since buyers are facing higher borrowing costs.
- Zacks•yesterday
Micron (MU) Hits Fresh Highs: Is There Still Room to Run?
Have you been paying attention to shares of Micron Technology, Inc.MU? Micron Technology has gained 31.25% since the start of the year compared to the 6.78% move for the Computer and Technology sector and the 31.25% year-to-date return for its peer group. In its last earnings report on December 19, 2017, Micron Technology reported EPS of $2.45 versus the Zacks Consensus Estimate of $2.2 while it beat the consensus revenue estimate by 6.51%.
- Bloomberg•2 days ago
Costco's Squeeze on Suppliers Signifies Pain for P&G, Nestle
Costco Wholesale Corp. will push suppliers to lower prices on everything from steaks to televisions, aiming to keep customers away from rivals like Amazon.com Inc. The company is also introducing more products under its Kirkland Signature brand, such as fragrances, apparel, and a Nutella-like hazelnut spread that’s “flying off the shelves,” Chief Financial Officer Richard Galanti told analysts Wednesday. Costco’s supplier squeeze signals more pain ahead for consumer-product makers like Procter & Gamble Co., Nestle SA and Samsung Electronics Co., which are already grappling with declining brand loyalty and shoppers migrating to online channels.
- InvestorPlace•yesterday
Beware of Advanced Micro Devices, Inc. as Rumors Drive Volatility Higher
Such is the case with AMD stock’s recent surge higher. There has been a broad rally in the semiconductor sector in the past week, and Advanced Micro Devices stock has benefitted accordingly. Rumors began circulating yesterday morning in trading circles that Advanced Micro Devices could be a takeover target.
- InvestorPlace•2 days ago
10 High-Dividend Stocks to Buy When the Market Is Blue
President Donald Trump ran on a ticket of making America great again. With enthusiasm overshooting rationality, however, high-dividend stocks are suddenly looking very attractive to investors. Throughout President Trump’s administration, the U.S. dollar index has veritably tanked, losing nearly 12% since his inauguration.
- The Street•4 hours ago
Netflix in Talks With Former President Obama to Create Exclusive Shows
Netflix Inc. (NFLX) shares were marked higher in pre-market trading Friday after reports that former U.S. President Barack Obama is in 'advanced' talks to produce a series of exclusive programs for the online video streaming group. The New York Times reported late Thursday that the former President and his wife, Michelle Obama, would partner on a series of "inspirational" programs for Netflix''s 118 million global subscribers. While not designed to directly attack the polices of President Donald Trump, the Times reported that the programs would focus on issues such as healthcare, voting rights, foreign policy and immigration. The paper also reported that Apple Inc. (APPL) and Amazon Inc. (AMZN)
Yahoo Finance•4 hours agoMorning Brief: February jobs report comes out today
On Friday morning at 8:30 a.m. ET, the Bureau of Labor Statistics will release its employment report for the second month of 2018. According to Wall Street estimates compiled by Bloomberg, economists expect nonfarm payrolls grew by 205,000 in February while the unemployment rate likely fell to 4%.
- Zacks•yesterday
Options Traders Expect Huge Moves in Advanced Micro Devices (AMD) Stock
Investors in Advanced Micro Devices, Inc. AMD need to pay close attention to the stock based on moves in the options market lately. What is Implied Volatility? Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other.
- CNBC Videos•16 hours ago
Fast Money traders says this one soft drink stock is set ...
"Fast Money" trader Pete Najarian breaks down his pitch on Coca-Cola shares.
Yahoo Finance•17 hours agoYahoo Finance Presents: The Retail Revolution
Stay with Yahoo Finance this week as we tell you the story of the Retail Revolution. The retail business has been evolving at a dizzying pace. Sure, fashion trends have always come and gone, and stores have always opened and closed.
- FX Empire•10 hours ago
AUD/USD Forex Technical Analysis – Series of Inside Moves Indicates Impending Volatility
The Australian Dollar closed sharply lower on Thursday after an early session rally failed to generate enough upside momentum to breakout to the upside. The main trend is down according to the daily swing chart. The minor trend is down.
- Zacks•yesterday
Lilly, Boehringer to Expand Jardiance Heart Failure Program
Eli Lilly and Company LLY and Boehringer Ingelheim announced plans to expand the clinical program for their SGLT2 inhibitor Jardiance (empagliflozin) in chronic heart failure through the EMPERIAL clinical trials. Lilly’s shares have lost 7.1% over a year
- CNBC Videos•2 days ago
Cramer: The wrong stocks are going up—here's what it mean...
Jim Cramer warns investors about the strength in cloud-based technology stocks.
- Zacks•yesterday
Motorola Completes Purchase of Plant Holdings From Airbus
Motorola Solutions, Inc. MSI has completed the acquisition of Plant Holdings, Inc. from Airbus Defense and Space, Inc., a division of Airbus. Earlier, Plant Holdings used to oversee the Airbus DS Communications business.Regarding the buyout, both companies
Reuters•3 hours agoWall Street has never been so far behind on Netflix
The online video streamer's shares have remained well above analysts' average 12-month target for much of this year, and the gap between the actual share price and the mean target hit a two-year high earlier this week, as the graphics below show. Like the other FAANG technology stocks, Netflix shares have soared over the past few years, driven by subscriber growth. While the mean 12-month price target that brokerages have on the shares of Amazon.com Inc, Facebook Inc, Google-owner Alphabet and Apple Inc are a little above their actual share price, in contrast the mean target for Netflix is well below its current share price.
- Zacks•23 hours ago
Conatus (CNAT) Loss Narrower Than Expected in Q4, Sales Miss
Conatus Pharmaceuticals Inc. CNAT has reported fourth-quarter 2017 loss of 15 cents per share, narrower than both the Zacks Consensus Estimate of a loss of 17 cents and the year-ago loss of 35 cents.Conatus’ shares were up 1.31% in after-hours trading
- MarketWatch•yesterday
Japan suspends two cryptocurrency exchanges in hopes of strengthening security
Japan’s crackdown comes after $530 million in NEM cryptocurrency was stolenAFP/Coincheck president Koichiro Wada, left, at a January press conference in Tokyo. The Japanese government had said it would impose administrative measures on the virtual currency exchange after hackers stole hundreds of millions of dollars in digital assets from the firm. Two cryptocurrency exchanges were temporarily suspended by a Japanese regulator Thursday as part of its effort for stronger security in the market after millions of dollars in digital currency was stolen earlier this year.
- Zacks•yesterday
Conagra (CAG) Terminates Wesson Brand's Divestment Deal
Conagra Brands, Inc. CAG has terminated the Wesson oil business spin-off deal with The J.M. Smucker Company. Conagra’s Wesson is a premium edible oil brand in the United States. Over the last month, Conagra’s shares have rallied 6.2%, outperforming 1.3% growth recorded by the industry.
- Bloomberg•2 days ago
In Real Estate, It Pays to Put Women on the Board, Study Shows
Real estate is still largely a man’s world, but companies with women on the board are the ones rewarding investors. Wells Fargo & Co. analysts Jeffrey Donnelly and Dori Kesten examined the gender makeup of boards of 165 U.S. real estate investment trusts from 2006 to 2017.
- Zacks•2 days ago
Why Did AMD Stock Pop on Wednesday Morning?
After starting the day relatively flat, shares of Advanced Micro Devices AMD suddenly popped more than 8% in morning trading Wednesday. The sudden spike seems to be linked to an unsubstantiated rumor that the trendy chipmaker could be the subject of a takeover.
- Bloomberg•yesterday
This Peter Thiel-Backed Senate Candidate Has It In for Google
Josh Hawley, the state’s attorney general, has decorated the room with reminders of his family and some more political keepsakes, including a portrait of Ronald Reagan and a copy of Barry Goldwater’s Conscience of a Conservative. Hawley, a 38-year-old Yale Law School graduate with Ken doll looks and Federalist Society bona fides, has spent his 14 months in office pursuing cases that seem designed to attract attention beyond Missouri’s borders. Alphabet Inc., Google’s parent, is his biggest target yet.
- Fox Business•yesterday
Life after Olympics: Apolo Ohno seeks to launch $50M blockchain platform
Eight-time Winter Olympics athlete Apolo Ohno said matching the passion he had for short-track speed skating after retiring in 2013 was a struggle until he got involved in blockchain technology. “This sphere is really interesting to me because of the strength it has to really transform the economy,” Ohno told FOX Business.Ohno is one of several athletes including Seattle Seahawks cornerback Richard Sherman to embrace digital currencies. A two-time gold medalist, Ohno teamed up with other founders to create an all-in-one cryptocurrency trading ecosystem called HybridBlock and are working on raising $50 million in an initial coin offering (ICO) to help get it off the ground.
- Zacks•yesterday
Guidewire (GWRE) to Commence Public & Senior Notes Offerings
Guidewire Software, Inc. GWRE recently announced its intention to raise funds through concurrent underwritten public offerings and convertible unsecured senior notes. In this regard, the company intends to offer concurrent public offering of $200 million
- Zacks•yesterday
Company News For Mar 8, 2018
Shares of H&R Block, Inc. HRB surged 11.5% after reporting fiscal third quarter loss per share of $1.16, narrower than the Zacks Consensus Estimate of loss of $1.33Urban Outfitters, Inc.’s URBN shares gained 0.2% after posting fiscal fourth quarter 2018
Reuters•2 days agoAirbus says 3,700 jobs hit by slower A380, A400M deliveries
Airbus on Wednesday confirmed lower production rates of its A380 superjumbo and A400M military aircraft and said up to 3,700 jobs would be hit in France, Germany, Britain and Spain. Dubai's Emirates saved the A380, the world's largest passenger jet, from death row in January with an order worth $16 billion at list prices.
