- MarketWatch•1 hour ago
Alibaba price target boosted above $300 at Susquehanna
Susquehanna Financial Group analyst Shyam Patil raised his price target on Alibaba Group Holdings Ltd. stock to $305 from $220 on Thursday, making him the most bullish analyst among those tracked by FactSet. "Our checks suggest that Alibaba continues to take share in the China e-commerce market and the significant new user additions in F2018 should provide a tailwind to growth through F2019," Patil wrote. "Alibaba has numerous levers in the pipeline to drive continued strong advertising revenue growth, but we expect the company to remain measured in its approach, as it appears focused on sustainable growth and careful not to over-monetize." Patil, who has a positive rating on the stock, predicts that Alibaba will pick up share during the June 18 shopping festival, as the company appears to be going after electronics sales in addition to apparel sales.
- InvestorPlace•20 hours ago
IHOP Name Change Doesn’t Sit Well With Pankcake Fans
The announcement was made by the company via its Twitter Inc (NYSE:TWTR) account. The following are comments from Twitter users reacting to the name change. “It’s not like there’s any IHOP brand confusion.
- MarketWatch•12 hours ago
All the ways you can mess up your 401(k) — even if you max out your contributions
Workplace retirement plans get a lot of bad press, primarily if they are loaded with high fees. Put simply, 401(k)s work. The bad news is that otherwise-diligent savers can still leave money on the table with a 401(k), often without realizing it.
Business Insider•yesterdayElon Musk fights back tears at Tesla shareholder meeting, says past few months have been 'excruciating, hellish' (TSLA)
Tesla CEO Elon Musk began the company's annual shareholder meeting on Tuesday on an emotional note. Musk appeared to be on the verge of tears as he said Tesla builds its vehicles with a level of care and affection that other automakers can't match.
InvestorPlace•23 hours agoBuy or Sell AT&T Inc. Stock With Its 6% Dividend Yield?
It hasn’t been the smoothest ride for AT&T Inc. (NYSE:T). In fact, after failing to push through $40 several times in 2016 and 2017, it’s been all downhill for T stock. The payout for T stock has gotten extreme.
- Fox Business Videos•3 hours ago
Carl Icahn acquires stake in Allergan
FBN's Cheryl Casone on billionaire investor Carl Icahn acquiring a small stake in the pharmaceutical company Allergan.
Associated Press•2 days agoWhat's in your 401(k)? For more investors, just 1 fund
More and more retirement savers have their entire 401(k) account in just a single mutual fund, and investment advisers are fine with it. Last year, for the first time, more than half of Vanguard's 4.6 million retirement account participants were invested in a single target-date retirement fund, according to an analysis by the mutual fund giant. This may sound anathema to an industry that preaches the value of diversification, but these funds are designed to provide it for investors in one package.
Business Insider•2 days agoThe world's biggest hedge fund warns: '2019 is setting up to be a dangerous period for the economy'
Bridgewater Associates is bearish on nearly every financial asset, it said in a recent note to clients. "2019 is setting up to be a dangerous period for the economy," the giant hedge fund said. The firm said earlier this month that a major driver of the stock market is nearing its end.
- Morningstar•yesterday
Social Security Isn't 'Going Away'
To my surprise, readers took issue not with my advice to save 15% of your pretax salary (which I concede is a huge effort) but with my assertion that Social Security will also provide some income during retirement years. The majority of the feedback I received was from self-identified millennials, who told me that I was flat-out wrong to say that Social Security would still exist--in any form--come 2050 or so when they retire. The interest received from invested trust fund assets is a smaller source of Social Security funding.
- Zacks•17 hours ago
Southwest Airlines (LUV) Stock Declines 22% YTD: Here's Why
Shares of Southwest Airlines Co. LUV have lost 22.2% so far this year, underperforming its industry's decline of 11.1%. Why the Lackluster Price Performance?Southwest Airlines has faced multiple headwinds this year. In April, a passenger on its flight
- TheStreet.com•1 hour ago
Warren Buffett at Age 87 Still Does One Amazing Thing That Drives Success
Known as the 'Oracle of Omaha', Buffett has made himself into a household name through legendary investing techniques that have amassed him a $79 billion net worth at 87 years old. Buffett started playing the markets at the young age of 11, but he's offered sage wisdom on investing for years since he made his first millions.
- InvestorPlace•19 hours ago
4 ‘Fixer Upper’ Stocks Poised to Bounce Back
Changing industry dynamics, excessive debt levels or poor management decisions can take even the largest of companies to a breaking point. Because they’ve faced hardships that weighed on their share prices, we define fixer uppers as stocks of $5 per share or less. By making wise investments in troubled companies, however, even small investors can sometimes finish rich with fixer-upper stocks.
Reuters•yesterdayVenezuela's PDVSA raises prospect of force majeure on oil exports - sources
HOUSTON/CARACAS (Reuters) - OPEC member Venezuela has raised the prospect of declaring force majeure on contracts with major crude buyers amid plummeting output from its oil fields and tanker bottlenecks at ports, according to three sources familiar with the matter. Falling production from Venezuela has contributed to a rally in global oil prices to a near four-year high, and other OPEC members may boost output at a meeting later this month to compensate for the shortfall and other risks to global supplies. Oil is the financial lifeline for the embattled socialist government of President Nicolas Maduro, but his cash-strapped administration has failed to invest enough in the industry to prevent its decline.
- MarketWatch•yesterday
Western Digital stock gains after Cowen raises price target
Shares of Western Digital Corp. are up 1.1% in Wednesday morning trading after Cowen & Co. analyst Karl Ackerman raised his price target on the stock to $105 from $100. Ackerman wrote that Western Digital looks well positioned in the June quarter, and he updated his estimates to account for buybacks during the quarter and "less draconian NAND ASP declines" for the calendar year. Ackerman has an outperform rating on shares, which are down 3.5% over the past 12 months, while the S&P 500 has gained 13% and the PHLX Semiconductor Index has risen 29%.
- CNBC Videos•2 days ago
A number of under-the-radar tech stocks soaring
Should investors just keep buying tech? Looking at the Nasdaq's unstoppable run, with CNBC's Melissa Lee and the Fast Money traders, Steve Grasso, Karen Finerman, Tim Seymour and Guy Adami.
- MarketWatch•2 hours ago
Altaba's stock surges toward 18-year high after plans to buy back up to 195 million shares
Shares of Altaba Inc. , formerly known as Yahoo, climbed 1.5% in premarket trade Thursday, toward an 18-year high, after the company said it would buy up to 195 million shares of its common stock at about a 3.8% premium to Wednesday's closing price of $80.28. Altaba was Yahoo until the company completed the sale of its operating business to Verizon Communications Inc. last year, and is now a closed-end management investment company that owns a "substantial" stake in Alibaba Group Holding Ltd. Altaba said the purchase price of its shares will be equal to 35% of Wednesday's stock closing price of Alibaba shares of $208.30, plus 5% of the Alibaba volume-weighed average price of $208.8445. Altaba's stock, which is on track to open at the highest level seen during regular session hours since April 2000, has run up 15% year to date through Wednesday, while Alibaba's stock has climbed 21% and the S&P 500 has gained 3.7%.
- Bloomberg•2 days ago
Mercedes-Benz Starts Subscription Pilot From $1,095 a Month
Daimler AG’s Mercedes-Benz is starting a car-subscription pilot in two U.S. cities, joining brands from Jeep to Porsche in testing alternatives to traditional vehicle ownership. The app-based service initially available to drivers in Nashville and Philadelphia has three pricing tiers ranging from $1,095 to $2,995 a month, according to a company statement. Subscribers will get access to 30 different models, from C-Class sedans to GLE sport utility vehicles, and can swap cars as often as they like, depending on what tier they choose.
- Engadget•23 hours ago
Cambridge Analytica CEO reportedly embezzled $8 million
If you thought the Cambridge Analytica saga was over with the company's shut down and filing for bankruptcy, you were definitely wrong. According to The Financial Times, the company's former CEO Alexander Nix has been accused of stealing $8 million dollars from Cambridge Analytica before its demise. The theft reportedly occurred after journalists started digging into Cambridge Analytica and Facebook, but before the company shut down for good.
- MarketWatch•yesterday
UPDATE: Axovant shares soar 51% premarket on $842.5 mln licensing pact for Parkinson's treatment
Shares of Axovant Sciences Ltd. soared more than 50% in premarket trade Wednesday, after Oxford BioMedica plc said it has entered an $842.5 million licensing agreement for OXB-102, a gene therapy treatment for Parkinson's disease. Under the terms of the deal, Oxford BioMedica will receive a $30 million upfront payment, and is eligible for $55 million upon reaching certain milestones. Oxford BioMedica shares were up 18% in London.
- CNBC•3 hours ago
AT&T downgraded by Jefferies on cord-cutting concern; shares fall
Pressures on AT&T's entertainment business will hit profits, Jefferies says in downgrading the telecommunications giant's stock. Pressures on AT&T's entertainment business will hit profits, Jefferies said Thursday. "We are downgrading the stock from Buy to Hold largely on concerns related to the entertainment segment as cord shaving and spin downs continue to pressure margins," analyst John Janedis wrote in a note to clients.
- TheStreet.com•19 hours ago
AMD Explodes as Processor Presentation in Taiwan Impresses
were up 5% Wednesday, June 6, following the company's presentation at the Computex conference in Taiwan on Tuesday night. Rosenblatt analyst Hans Mosemann published a note Wednesday saying that he was impressed by the chipmaker's presentation at the conference, much more so than the presentations of rivals Intel Corp. , which Mosemann described as blander than AMD's.
- Zacks•2 days ago
5 Stocks to Buy at 52-week High as Markets Rally
The month of June has commenced on a bullish note as the three major stock indices in Wall Street rose on Monday. The company unveiled its latest operation system iOS 12 at Worldwide Developers Conference on Jun 4. The deal is expected to strengthen its cloud platform Azure’s competitive position against Amazon Web Services (“AWS”).
- Bloomberg•2 days ago
Scott Pruitt Tried to Get Wife Job at Chick-fil-A
Scott Pruitt tried to use his position to get his wife a Chick-fil-A franchise, The Washington Post reports #tictocnews More from Bloomberg.comJanitors Are Becoming Millionaires Thanks to This
- Bloomberg•5 hours ago
BofA Is Said to Tap Brakes on Risk, Spurring Banker Departures
It wasn’t just for public consumption: Inside the investment bank, risk-taking is being tamped down this year, according to senior executives and dealmakers. The caution partially stems from Bank of America’s massive losses on loans in the wake of the 2008 financial crisis and a desire to be ready when the credit cycle sours anew. After reaching a record in 2017, Bank of America’s fees for advising on deals tumbled 27 percent in the first quarter from a year earlier, the steepest drop among big U.S. banks.
- TheStreet.com•19 hours ago
9 Stocks Goldman Sachs Thinks Will Blow Wall Street's Performance Away in 2019
2018 is just about over, in the minds of some investors. "We expect investors will soon look past 2018 and focus on 2019 growth," says Goldman Sachs strategist David Kostin. "For many years, beginning in July investors would start to value stocks
