- TheStreet.com•52 minutes ago
Intel Faces Multiple Downgrades After CEO Departure
Analysts from Bernstein and Benchmark have re-evaluated their views on Intel after Brian Krzanich, CEO, stepped down last week. Intel has a non-fraternization policy. Bernstein downgraded Intel to underperform.
Business Insider•2 hours agoGeneral Electric surges after announcing another spinoff as it leaves the Dow (GE)
The moves come as new CEO John Flannery approaches his anniversary at the company's helm, where he has set out sweeping cost-cutting and debt-reduction goals. General Electric has found a way to tell investors some good news as it leaves one of the most famous stock indexes in the world. Shares of the once-sprawling industrial behemoth surged as much as 7% Tuesday after it said it would sell off its majority stake in oil services company Baker Hughes over the next two to three years.
- Zacks•4 hours ago
Pitney Bowes Down More Than 2%: What's Weighing It Down?
Pitney Bowes Inc. PBI has been having a dismal run on the bourses of late. As a result, the Zacks Consensus Estimate for full-year earnings fell 19.2% to $1.18 per share. The stock has a Zacks Rank #5 (Strong Sell), indicating probabilities of underperformance in the near term.
Bloomberg•2 hours agoInsulin Pump Maker’s 900% Stock Surge Has More Room to Run
Tandem Diabetes Care Inc. bulls still see upside for the insulin pump maker, even after shares increased ten-fold so far this year. Sell-side analysts rushed to boost their price targets for one of the Russell 2000 Index’s best performers in the wake of last week’s Food and Drug Administration approval of a technology for the company’s insulin pump. Piper Jaffray analyst JP McKim called the approval a "game changer" that will help attract patients and give them reason to upgrade to newer pumps.
Reuters•30 minutes agoGE breakup leaves it with best and worst performers
The slimmed-down company will focus on jet engines, power plants and renewable energy, which GE hopes will reward battered shareholders who have seen the stock lose more than half its value over the past 20 years. "This is really the culmination of 10 years of observations I've had about the company," said Chief Executive Officer John Flannery, a GE veteran who took the helm in August with a mandate to revamp the company. "It's a dramatic, sweeping change." Flannery's comments came on a conference call with investors and analysts.
- Bloomberg Video•2 hours ago
Trump Takes Aim at Harley-Davidson in Tax Threat
President Donald Trump turned his attention to Harley-Davidson's decision to move some production overseas to avoid European Union tariffs while his administration offers conflicting messages on trade plans. ON FRIDAY, WE COULD GET A NEW ANNOUNCEMENT REGARDING INTELLECTUAL PROPERTY.
Business Insider•23 hours agoTop execs in banking, retail, and tech are saying they don't practice work-life balance — because they found something better
JPMorgan Chase CMO Kristin Lemkau told Business Insider that, like Jeff Bezos, she values work-life integration over work-life balance. Other executives in a range of fields have discussed the importance of work-life integration, for themselves and for their employees. In a recent interview with Business Insider CEO Henry Blodget, Kristin Lemkau discussed how she juggles her many work and family responsibilities.
- Morningstar•yesterday
Do You Have Enough to Retire?
Social media went bonkers a few weeks ago in response to a Marketwatch article that discussed savings benchmarks for people in their 30s. You'll also be certain about any nonportfolio financial resources you'll be bringing into retirement--whether you'll have any income from a pension, for example, or how much of your cash-flow needs will be provided by Social Security.
- Yahoo Finance•yesterday
Why Trump's trade war hasn't tanked the market or the economy yet
Business sentiment has been shaken by U.S. President Donald Trump’s escalating trade war with China, the European Union and other countries, financial analysts say. Unlike in February when Trump first began saber rattling about trade tariffs and markets swooned, investors so far in June have continued to favor U.S. assets. Traders poured $3.4 billion in net funds into U.S. equities last week, according to analysis from Jefferies and Co., marking the seventh straight week of inflows.
Business Insider•2 days agoHousing affordability in America is its worst in nearly a decade, and there's one clear culprit
Housing affordability hit its worst level in nearly a decade during the first quarter, according to Attom Data Solutions. Attom measures affordability by comparing average wages to median home prices to determine the share of income people need to spend on housing. Prospective buyers needed to shell out more because mortgage rates rose.
- Bloomberg•21 hours ago
Tesla's Tent Put to the Test as Time Runs Out for Musk
Elon Musk has six days to make good on his pledge that Tesla Inc. will be pumping out 5,000 Model 3 sedans a week by the end of the month. If he succeeds, it may be thanks to the curious structure outside the company’s factory. It’s a tent the size of two football fields that Musk calls “pretty sweet” and that manufacturing experts deride as, basically, nuts.
- CNBC•5 hours ago
GE says it plans to 'adjust' its dividend after it spins off its health care unit
General Electric says it will "adjust" its dividend once a just-announced spinoff of its health-care business is completed. GE's current dividend yield is to 3.8 percent, higher than its industrial rivals Honeywell, United Technologies and Eaton. General Electric said Tuesday it will "adjust" its dividend once a just-announced spinoff of its health-care business is completed.
InvestorPlace•22 hours agoThe Next GE? Avoid These 5 Dicey Dividends
Many investors were kicked in the gut by General Electric (NYSE:GE) last year, no thanks to pundits who ignored numerous red flags and encouraged people to buy GE and its historically generous yield. Anyone keeping tabs on the all-important payout ratios for General Electric’s dividend had to see the writing on the wall. First off, its earnings payout ratio began to skyrocket in the quarters leading up to the cut, including breaking through the all-important 100% mark – in other words, it was paying out more in dividends than it was bringing in profits.
- CNBC Videos•19 hours ago
How Trump's trade team stopped the market from selling of...
Peter Navarro's comments lift the markets to a less bad loss. Are trade war fears overblown? With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Guy Adami.
Associated Press•13 hours agoUS judge throws out climate change lawsuits against big oil
A U.S. judge who held a hearing about climate change that received widespread attention ruled Monday that Congress and the president were best suited to address the contribution of fossil fuels to global warming, throwing out lawsuits that sought to hold big oil companies liable for the Earth's changing environment. "The problem deserves a solution on a more vast scale than can be supplied by a district judge or jury in a public nuisance case," he said.
- InvestorPlace•yesterday
5 Chinese Stocks to Consider as China Heads Into a Bear Market
The escalating Chinese trade war has put Chinese stocks in a bear market. This also leaves investors in Chinese stocks in limbo. With the prospects for trade in question, investors are left wondering if and how they can still profit by investing in China.
- The Wall Street Journal•3 hours ago
Stocks to Watch: GE, Applied Materials, Intel, Wells Fargo, Bank of America, Amazon, Berkshire, Exxon
Here are some of the companies with shares expected to trade actively in Tuesday’s session. Stock movements reflect premarket trading. General Electric —Up 6.4%: The struggling industrial conglomerate
- The Wall Street Journal•2 hours ago
Investor Makes Massive Bet That China Could Scuttle Qualcomm-NXP Deal
Chinese authorities have been holding up approval of Qualcomm Inc.’s $44 billion acquisition of NXP Semiconductors. It’s possible the new trade “hedges a large long-share position,” wrote Trade Alert’s Founder Henry Schwartz in a note Monday.
- MarketWatch•3 hours ago
‘Death cross’ forms in gold for first time since 2016, even as stock market slumps
A bearish chart pattern has materialized in gold trading, indicating that the embattled precious metal is likely to extend a recent downtrend that has dragged it to its lowest level in 2018, even as signs of global uncertainty have intensified. The current downdraft has resulted in the 50-day moving average for gold prices, recently at $1,306.26 an ounce, falling below its longer-term 200-day moving average at $1,307.20, according to FactSet data. The so-called golden death cross is the first to form in the commodity since around November of 2016.
- InvestorPlace•22 hours ago
3 Bank Stocks on the Brink
Ever since peaking in January, the Financial Sector SPDR Fund (NYSEARCA:XLF) has been firmly in the bears’ grasp. A thorough survey of the sector revealed three bank stocks on the brink of big-league breakdowns. JPMorgan Chase (NYSE:JPM) leads the group with a deadly looking descending triangle pattern.
- TheStreet.com•20 hours ago
3 Fierce Chinese Tech Stocks to Gamble on Right Now
Don't be scared to trade China. As the trade war volatility escalates between the U.S. and China, Trump has added more fuel to fire with his latest offensive to restrict Chinese investment in U.S. tech companies. Chinese e-commerce powerhouse Alibaba has eclipsed the headlines for all the right reasons.
- Bloomberg•23 hours ago
MetLife Accused of Defrauding Investors Over Pension Reserves
A Massachusetts regulator accused MetLife Inc. of defrauding investors by wrongfully releasing reserves to boost its bottom line instead of making pension payments to hundreds of retirees in that state. Massachusetts Secretary of the Commonwealth William Galvin claims MetLife’s public filings had “material misstatements” about the insurer’s finances because it didn’t properly administer those pension plans, according to an administrative complaint filed Monday. The regulator is seeking an order to force MetLife to locate all retirees in that state that are owed benefits, as well as possible sanctions, censure and fines.
- TheStreet.com•4 hours ago
General Electric Is Being Dismantled Just Like the Bull Market in Stocks
China's stock market entered bear market territory, down 20% from its high in January. China's President Xi Jinping reportedly told a group of multinational CEOs his country plans to "punch back" at the Trump administration's trade actions. While the trade rhetoric plays out the market is experiencing technical breakdowns across many growth sectors.
- CNBC•21 hours ago
Beaten Dow stock Johnson & Johnson is so bad it’s good, technician says
Health-care giant Johnson & Johnson JNJ has struggled to make gains this year, now down nearly 12 percent since January. Shares of Johnson & Johnson are up 43 percent in the past five years, compared with a gain of nearly 61 percent for the broader S&P 500 in the same time period. Despite the two historically trading in tandem, Worth believes the recent divergence could be setting Johnson & Johnson up as a catch-up opportunity.
Associated Press•2 hours agoAnother wave of sales; GE emerges a company vastly changed
General Electric shed more of its major assets, announcing plans to cast away its health care business and sell its interests in the oil-services company, Baker Hughes. The company's latest round of winnowing arrived Tuesday, the first time since 1907 that General Electric Co. will not be a member of the exclusive Dow Jones industrial average at the opening bell. The company said it will be able to reduce its debt by $25 billion and remove additional risk as it reimagines itself as something very different from the multinational conglomerate it was before the Great Recession.
