- InvestorPlace•4 hours ago
3 Top Biosimilars that Will Lift Pfizer Inc. Stock Even More
A month ago, Pfizer Inc. (NYSE:PFE) felt the sting of a somewhat surprising disappointment. Its biosimilar version of Herceptin, the popular breast cancer drug from Roche Holding AG (OTCMKTS:RHHBY), was rejected by the FDA.Biosimilar drugs are nearly-identical copies of a competitor’s product. It was a blow not just because Herceptin generated sales of more than $7 billion last year, but because it put the viability of Pfizer’s entire biosimilar program into question.
Yahoo Finance•8 hours agoThe top 10 U.S. metro areas for summer jobs
As the school year comes to an end, parents are nudging their restless high schoolers to find a summer job. Unsurprisingly, babysitters, camp counselors, and teaching roles top the list of most common summer job postings on search engine Indeed. The top three metros with the highest share of summer job postings are in places normally associated with cold weather,” said Daniel Culbertson, an economist at Indeed’s Hiring Lab who spearheaded the new report.
- InvestorPlace•19 hours ago
The Selloff in Baidu Inc Stock Is a Golden Buying Opportunity
Last week, Baidu Inc (ADR) (NASDAQ:BIDU) announced that its Chief Operating Officer, former Microsoft Corporation (NASDAQ:MSFT) executive Qi Lu, would be stepping down as COO and transitioning to more part-time duties at BIDU. The market seems to think that the Lu exit is a big deal. Ever since that announcement, BIDU stock has dropped nearly 15%, equating to a $12-billion drop in market value.
- CNBC Videos•2 days ago
Cramer: If you want bigger gains, buy stocks that are sel...
Jim Cramer uses Amazon's stock to explain why buying broken stocks can boost investors' earnings.
- Investopedia•9 hours ago
Nvidia Seen Soaring to Record on Explosive Growth
Nvidia Corp. ( NVDA) stock has been one of the hottest stocks in the market with shares up by nearly 26% in 2018, and over 75% during the past year. The optimism in the stock comes after the company reported blowout fiscal first quarter 2019 earnings of $2.05 per share, nearly 24% better than analysts’ estimates of $1.66. Additionally, revenue came in at $3.207 billion, over 11% better than analysts’ estimates of $2.881 billion.
- TheStreet.com•6 hours ago
Has Wall Street Completely Lost Its Mind on General Electric?
Wall Street equity research is supposed to be a value-add to clients. But, one has to wonder what value analysts are providing to their trading desks on struggling General Electric . In fact, one has to wonder how many clients have been hurt by wrong
- Investor's Business Daily•21 hours ago
Oil Prices Mixed After This U.S. Shock; OPEC, Russia Eye 'All Options'
Oil prices recovered some ground Wednesday after a surprise jump in U.S. crude inventories, which added another headwind to oil markets following suggestions that OPEC might increase production. The Energy Information Administration said domestic stockpiles
Reuters•yesterdayWhy Caterpillar can't keep up with a boom in demand
Orders for the mining machines and construction bulldozers made at this sprawling Caterpillar Inc. factory in central Illinois have jumped, in general, three-fold over the past year. Years of watching Caterpillar and other big manufacturers cut inventories, close plants and axe workers in the last downturn has embedded caution in Kirsh's ambition to expand after the surge in orders, reflecting a more fundamental shift in how many industrial businesses view expansions, according to interviews with Caterpillar executives, more than a half-dozen Caterpillar suppliers and U.S. economic data. "I just wasn't sure it was real," said Kirsh, speaking from a windowless office at the front of Kirsh Foundry Inc., in Beaver Dam, Wisconsin, which makes metal parts for Caterpillar and other customers.
- Bloomberg•16 hours ago
Alibaba’s Tiny Loss-Making Unit Suddenly Soars 70%
A stock that until last week wasn’t covered by a single analyst has rallied 70 percent since May 16 for no apparent reason, at one point generating more turnover than some of Hong Kong’s biggest companies. The sudden gains have made Alibaba Health Information Technology Ltd. -- a subsidiary of Chinese megacap Alibaba Group Holding Ltd. -- easily the best performing stock on the MSCI Asia Pacific Index this month. Some $135 million worth of shares exchanged hands on May 17, making it the fifth-most traded stock in Hong Kong and surpassing giants including HSBC Holdings Plc, PetroChina Co. and Bank of China Ltd., which are more than 20 times as valuable.
- Reuters•12 hours ago
U.S. launches auto import probe, China says will defend interests
The Trump administration has launched a national security investigation into car and truck imports that could lead to new U.S. tariffs similar to those imposed on imported steel and aluminum in March. The national security probe under Section 232 of the Trade Expansion Act of 1962 would investigate whether vehicle and parts imports were threatening the industry's health and ability to research and develop new, advanced technologies, the Commerce Department said on Wednesday. Higher tariffs could be particularly painful for Asian automakers including Toyota Motor Corp , Nissan Motor Co , Honda Motor Co and Hyundai Motor Co , which count the United States as a key market, and the announcement sparked a broad sell-off in automakers' shares across the region.
Yahoo Finance•2 days agoTrumpcare will hurt these people next year
President Donald Trump has crowed about dismantling the Affordable Care Act, even as he has failed to repeal it. One group of health-care consumers have had a rough go during the last several years: The 6.7 million Americans who aren’t covered by an employer, who buy insurance on the individual market and who earn too much money to qualify for subsidies under the ACA. Trump wants to help people trim their health-insurance bill, and he has introduced several measures that will help — but only for people who don’t get hurt or sick.
- MarketWatch•5 hours ago
Why early retirement is all it’s cracked up to be
Sometimes, the stuff that people say about early retirement (and early retirees) is terrible. It is assumed that early retirement is the end of productive life and that unless we’re swimming in millions in cold hard cash, early retirement will eat us alive. As I said in my one-year early retirement performance review, early retirement is all that it’s cracked up to be.
Bloomberg•21 hours agoModi Has an Oil Problem – and Saudi Arabia Is Set to Make It Worse
India’s Prime Minister Narendra Modi has an oil problem. Modi’s government made the most of cheap oil by substituting any fall in prices with taxes that kept retail fuel rates unchanged for consumers and boosted the federal revenue. “There is a strong case for the central government to take another excise duty cut, and ask state governments to reduce value added tax,” Anil Sharma and Ravi Adukia, analysts at Nomura Financial Advisory and Securities India Pvt.
- Bloomberg•2 days ago
Avenatti’s Old Law Firm Hit With $10 Million Judgment
The law firm founded over a decade ago by the attorney taking on Donald Trump and his longtime fixer Michael Cohen on behalf of an adult film star got socked with a $10 million judgment in an unrelated dispute with a former law colleague. A federal bankruptcy judge in Santa Ana, California, granted a motion for judgment Tuesday against Michael Avenatti’s former law firm, Eagan Avenatti LLP.
- Bloomberg•3 hours ago
Delta Returns to Mumbai After U.S. Pact on Persian Gulf Airlines
Delta Air Lines Inc. will resume flights to Mumbai, following an agreement between the U.S. and two Persian Gulf countries over government subsidies to their state-owned carriers. The India service would begin next year, subject to government approval, Delta said in a statement Thursday. The Atlanta-based airline didn’t disclose what U.S. cities would get the nonstop flights.
InvestorPlace•yesterdayCowen’s Price Target for Nvidia Corporation Isn’t So Crazy
With nothing more than a quick glance at the headlines, one might conclude it’s just another case of the analyst community playing a game of “chicken,” with NVIDIA Corporation (NASDAQ:NVDA) serving as the proverbial guinea pig. Who’s willing to set the highest target price for NVDA stock. Cowen analyst Matthew Ramsay is the current leader of that contest, by the way, raising his target to $325 per share last week.
- CNBC Videos•yesterday
Continental Resources CEO: We see oil prices climbing to ...
Harold Hamm, Continental Resources CEO, talks to CNBC's Brian Sullivan about rising oil prices.
Business Insider•22 hours agoVictoria's Secret parent L Brands tumbles on lowered guidance (LB)
Victoria's Secret media relations L Brands is falling more than 6% in post-market trading Wednesday after releasing first-quarter results. The owner of Victoria's Secret, PINK, and Bath & Body Works beat on both the top and bottom lines. However, it
- Zacks•6 hours ago
Is Albemarle (ALB) Stock a Solid Choice Right Now?
One stock that might be an intriguing choice for investors right now is Albemarle Corporation ALB. This is because this security in the Chemical - Diversified space is seeing solid earnings estimate revision activity and is in great company from a Zacks Industry Rank perspective. Meanwhile, Albemarle is actually looking pretty good on its own too.
- MarketWatch•7 hours ago
GE’s stock suffers worst day in 9 years after CEO John Flannery starts talking
Shares of General Electric Co. plunged in very active trade Wednesday, putting them on track for the biggest selloff nine years, with losses accelerating after Chief Executive John Flannery started talking at an industry conference. The industrial conglomerate’s stock (GE) closed down 7.3%, enough to pace the Dow Jones Industrial Average’s (^DJI) losers.
Reuters•yesterdayUber widens health cover in Europe as new CEO meets France's Macron
Uber plans to offer all its European drivers an upgraded version of the health insurance it already provides in France in a drive to attract independent workers and fend off criticism over their treatment. The San Francisco-based taxi app, which tied up with insurer AXA last year to offer French drivers accident cover, said the scheme will include other European countries and a maternity/paternity payment from June 1. Uber's new chief executive Dara Khosrowshahi is scheduled to meet French President Emmanuel Macron on Wednesday, ahead of so-called "Tech for Good" workshops with the heads of tech giants Facebook, Microsoft and IBM.
- Barrons.com•4 hours ago
Amazon Flex Won't Outmuscle UPS, FedEx
At this point, it may seem that there's no industry that Amazon.com (AMZN) can't touch, so it's not surprise that logistics are worried that the e-commerce giant could turn from friend to foe for delivery companies like United Parcel Service (UPS) and FedEx (FDX). Crowdsourcing "will remain a marginal source of capacity for the e-retail industry," as there's limited risk of "full-scare diversion" of shipping from traditional carriers to crowdsourced models, simply because of the constraints and high costs required to build efficient, flexible networks and the limitations of "right-timed" labor.
- Zacks•8 hours ago
5 Breakout Stocks Offering Extraordinary Returns
In order to identify breakout stocks, you must first determine their resistance and support levels. A resistance level is the barrier which must be broken so as to be identified as a breakout stock. Meanwhile, a support level is the floor for the stock’s movement.
- Zacks•5 hours ago
Why Is 3M (MMM) Down 1.1% Since Its Last Earnings Report?
It has been about a month since the last earnings report for 3M Company MMM. 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. 3M reported solid first-quarter 2018 results, with an impressive year-over-year improvement in adjusted earnings and revenues.
- Investopedia•9 hours ago
3 Blue Chip Stocks Selling at Bargain Prices
Consumer staples stocks have taken a bit of a beating this year, struggling even more than the rather sluggish performance of the broader market. As for the top three holdings in the XLP, Coca Cola is down 7.6%, PepsiCo is down 16.2%, and Procter & Gamble is down 19.3%.
