- Zacks•8 hours ago
Micron (MU) Posts Earnings Beat, Ends Q3 Net Cash Positive
Micron Technology, Inc. (MU) just released its latest quarterly financial results, posting non-GAAP earnings of $3.15 per share and revenues of $7.80 billion. The stock is currently down 0.9% to $58.40 per share in after-hours trading shortly after its earnings report was released. The company posted non-GAAP earnings of $3.15 per share, beating the Zacks Consensus Estimate of $3.14.
- TheStreet.com•17 hours ago
5 Stocks That Are Screaming Buys Right Now
Here we used TipRanks' stock screener to pinpoint the most compelling stocks right now. The Street is buzzing about Neurocrine's Ingrezza drug, the first FDA-approved treatment for adults with tardive dyskinesia. On its first quarter earnings call, Neurocrine updated the Street with respect to ongoing market penetration for Ingrezza.
Business Insider•13 hours agoTesla is suing the employee Elon Musk claimed committed sabotage against the company (TSLA)
Tesla has filed a lawsuit against the employee CEO Elon Musk said committed sabotage against the company, Bloomberg first reported. On Monday, Musk said an employee had changed parts of Tesla's manufacturing operating system code and sent "highly sensitive" company data to outside parties, according to an internal email acquired by CNBC.
TheStreet.com•8 hours agoGE Headed to $9.99 a Share?
Last night, David Blitzer, chairman of the index committee at S&P Dow Jones Indices said that General Electric was getting booted out of the Dow Jones Industrial Average after 111 continuous years of membership. Overnight, shares of General Electric fell from the stock's closing price of $12.95 (-55% over twelve months) to $12.54 (-2.2%). Less than $30 billion worth of mutual funds and ETFs even bother to track the Dow Industrials.
- Morningstar•2 days ago
How Tax Deductions Are Changing
Baird's Tim Steffen discusses the new tax law's impact on standard and itemized deductions.
InvestorPlace•13 hours agoHas iQiyi Stock Finally Hit Its Ceiling?
IQ stock churned in the low $20’s and abruptly took off, climbing north of $30 almost instantly, then $40. IQ may not be profitable like HUYA and SOGO, but given its stellar subscriber growth, it’s no wonder investors are excited.
- InvestorPlace•12 hours ago
Naked Brand Shares Fly Skyward on Bendon Merger
Naked Brand and Bendom Limited officially completed their merger today. This comes after shareholders of NAKD voted in favor of the merger on June 11, 2018. The merger has both Naked and Bendon acting as wholly-owned subsidiaries of the new company Bendon Group Holding Limited.
- TheStreet.com•6 hours ago
Jim Cramer: With GE It's So Difficult to Believe We Are at the Bottom
It's something we have heard every step of the way from when John Flannery replaced Jeff Immelt in August of last year when the stock as at $25. It became like asking how were the accommodations and the food on the Titanic.
- TheStreet.com•8 hours ago
3 Warren Buffett Stock Picks That Could Be Perfect for Your Retirement Portfolio
Warren Buffett, the chief executive of Berkshire Hathaway Inc. , has long been lauded as one of the greatest value investors of this lifetime. That makes his picks for Berkshire a solid pick for a retirement fund with a few years to grow. His preferences
- CNBC•2 days ago
5 big retirement mistakes people don't realize they are making
Investors have learned the importance of investing for retirement through a 401(k), traditional IRA or Roth IRA. Many investors think it's enough to set up a plan and let time in the market do its work. The road to retirement is a minefield.
- Zacks•16 hours ago
Options Traders Expect Huge Moves in Cisco Systems (CSCO) Stock
Investors in Cisco Systems, Inc. CSCO 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.
InvestorPlace•9 hours ago5 Top Stock Trades for Thursday Morning
U.S. equities put together a modest rebound on Wednesday, given that no new trade war news emerged. But that didn’t mean there weren’t movers. In that respect, let’s see what top stock trades we were able to sniff out for Thursday. Top Stock Trades for
- Investopedia•19 hours ago
Traders Cautious on Micron, JPMorgan Sees 38% Rise
As earnings season gets underway, investors appear to be taking a relatively more cautious stance towards Micron Technology Inc. ( MU) than they have in past earnings announcement lead-ups. Trading in options markets are predicting the usual volatility, but this time around the usual bullishness is lacking. As Micron shares sit just 5% below their recent high for the year, Susquehanna’s head of derivative strategy Stacey Gilbert noted the unusual “two-way sentiment” characterizing options trading on Micron ahead of the company’s earnings report on Wednesday.
- Investor's Business Daily•9 hours ago
These 2 FANG+ Stocks Are In Buy Range
The Dow Jones industrial average, S&P 500 index and Nasdaq composite retreated Tuesday as President Donald Trump stepped up China trade war threats. Apple (AAPL) and Facebook (FB) fell back into buy range Tuesday, but found key support. On Wednesday,
- TheStreet.com•14 hours ago
Warren Buffett Thinking Apple Will be Worth $2 Trillion?
chief Warren Buffett may be making: $2 trillion Apple valuation. "He clearly views it as a long-term hold, and it will certainly compound over $1 trillion in the not too distant future -- and then double again in the next five years," says former hedge fund manager and Buffett expert Whitney Tilson. The billionaire's holding conglomerate Berkshire Hathaway hiked its stake in Apple by a whopping 23% to 165.3 million shares in the fourth quarter, according to a filing earlier in the year.
- CNBC Videos•9 hours ago
Micron third quarter earnings beat the street
CNBC's Aditi Roy reports on Micron earnings revenue and EPS beating Wall Street expectations.
- Bloomberg•14 hours ago
The Article That Made Atul Gawande a Household Name
The Harvard surgeon and author picked to head a new health venture for Amazon.com Inc., Berkshire Hathaway Inc. and JPMorgan Chase & Co. has been writing about the quality and costs of medical care for years. Atul Gawande is particularly famous for a 2009 New Yorker story, “The Cost Conundrum,” that examined why some parts of the country spend far more on health care than others -- without better results, sicker populations, or higher labor costs. The article, which won a National Magazine Award, examined why the federal Medicare program spent $15,000 in 2006 for patients in McAllen, Texas -- almost twice the national average.
- MarketWatch•10 hours ago
AMD stock falls after Morgan Stanley maintains bearish stance
Shares of Advanced Micro Devices Inc. (amd) are down 1% in Wednesday trading after a pair of cautious notes, including from Morgan Stanley's Joseph Moore, who kept his underperform rating intact but raised his price target to $11 from $8.
- MarketWatch•9 hours ago
Why GE stock may be a buy after getting dumped from the Dow
To understand why, look at what happened to IBM (IBM) in 1939, when it was kicked out of the Dow. Norman Fosback, the erstwhile head of the Institute for Economic Research, reported in his investment textbook “Stock Market Logic” that “the DJIA would today be more than twice its currently quoted level” had IBM not been kept out of the Average for those four decades — meaning the Dow currently would be at around 50,000. One measure of this comes from an analysis of the two dozen stocks that have been added or deleted from the Dow since 2000.
- TechCrunch•11 hours ago
Tesla sues former employee for $1 million over trade secret theft
Tesla is suing a former employee for $1 million, alleging the man hacked the company’s confidential and trade secret information and transferred that information to third parties, according to court documents. The lawsuit also claims the employee leaked false information to the media. The lawsuit against the former process technician Martin Tripp was filed Wednesday in Nevada.
Reuters•yesterdayStarbucks closing cafes; CEO calls performance 'not acceptable'
The world's largest coffee chain is facing competition both from upscale coffee houses and lower-priced fast-food chains like McDonald's Corp and Dunkin' Donuts . Starbucks' Executive Chairman and co-founder Howard Schultz said earlier this month that he is stepping away from the company on June 26, ending an era.
- Barrons.com•14 hours ago
GE Booted From the Dow, Time to Buy?
Shares of General Electric (GE) are lower on Wednesday, after S&P Dow Jones Indices said it was dropping the struggling industrial giant from the Dow Jones Industrial Average next week, to be replaced by Walgreens Boots Alliance (WBA). The news isn't exactly a surprise: Barron's predicted it could happen in a recent cover story (“General Electric’s Dim Prospects,” Feb. 17), as the shares are down more than 25% year to date, and that's on top of the 45% fall in 2017. Fourth, the company's cash-generation and previous cash uses are all expected to materially improve this year, while assets sales in excess of $20 billion will support liquidity and the dividend.
- MarketWatch•8 hours ago
Micron earnings show big profit and sales gains, stock turns green after forecast
Fourth-quarter projection beat analyst estimates, shows confidence that memory prices will stay highBloomberg NewsMicron’s memory chips cost a lot more, pushing profit and sales higher. Micron Technology Inc. continued to post huge gains in profit and revenue amid high memory-chip prices in a Wednesday earnings report, and the company’s forecast showed confidence that the rise will continue, pushing shares higher after hours. Micron (MU) profit more than doubled from the year before, while sales grew by 40%.
- CNBC•7 hours ago
Cramer: It's hard to believe this is bottom for shares of General Electric
CNBC's Jim Cramer explains why even General Electric's exit from the Dow Jones industrial average isn't the end of the industrial's painful turnaround. All CNBC's Jim Cramer heard after news broke that Walgreens would replace General Electric in the Dow Jones industrial average was that "this has to be the bottom" for shares of GE GE . Since GE Chairman and CEO John Flannery replaced former CEO Jeffrey Immelt in August 2017, market-watchers have thought the stock was bottoming nearly every step of the way, Cramer said.
- MarketWatch•10 hours ago
Micron earnings: China probe poses wild card for highflying stock
Micron Technology Inc. faces many questions when it reports earnings, with the most important focusing on concern that memory-chip prices have wandered too high even amid continued strong demand from data centers. Chinese regulators launched a probe into memory chip makers like Micron, Samsung Electronics Co Ltd. (005930.KS) and SK Hynix Inc. (000660.KS) earlier this month. Micron shares fell recently following a downgrade from Morgan Stanley that said that any erosion in fundamentals would be a negative for the stock, which had been trading at its highest levels since the dot-com bust.
