- CNBC•23 hours ago
This map shows where Americans have the highest, and lowest, credit scores
If they weren't so nice, Minnesota residents could boast about having America's highest average credit scores. The state's residents have an average credit score of 709, which falls into the "good" range of scores between 670 to 739, according to Experian . "Credit scoring systems don't consider geography when calculating a consumer's credit score so the difference is going to be solely based on the composition of their credit reports," he says.
- Bloomberg•1 hour ago
Intel Blows Keep Coming as Apple Modem Contract May Be at Risk
It was another day of bad news for Intel Corp. on Wednesday, as a new data point suggests that it may lose Apple Inc.’s modem business, according to a note from Northland analyst Gus Richard. Richard, who rates the stock the equivalent of a sell, wrote that MediaTek Inc., which manufactures modems, might displace Intel for the product at Apple, which he says has been rumored to be working on their own modem. Apple is already planning to phase out Intel chips in Mac computers as soon as 2020, people familiar with the plans said in April.
- Zacks•6 hours ago
New Strong Sell Stocks for June 27th
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:Banco Bradesco S.A. BBD is a provider of banking and financial products. The Zacks Consensus Estimate for its current year earnings has been revised 4.7% downward over the last 60 days
- Bloomberg•19 hours ago
New Tax Form Is a Sign of Shift Toward TurboTax, Away From H&R Block
The IRS’s new 1040 tax form doesn’t exactly fit on a standard postcard as Republicans promised, but it’s smaller and simpler than before -- and it may push more filers to use software rather than in-person tax preparers. Tax software companies such as TurboTax’s parent Intuit Inc. could benefit from the draft form released Tuesday, while tax preparers including H&R Block Inc. may see fewer customers. The 1040 form for the spring 2019 filing season fits on two half-sheets of typing paper and has accompanying instructions and worksheets.
- Zacks•4 hours ago
Baker Hughes to Part Ways With General Electric in 2-3 Years
Baker Hughes, a GE company BHGE will separate from parent company General Electric Company GE, which is planning to lower exposure in the volatile energy sector. Over the next two to three years, General Electric will likely sell its 62.5% stake in Baker Hughes to strengthen its balance sheet and simplify operations. In July 2017, General Electric had acquired Baker Hughes and merged the affiliate with its oil and gas equipment and services businesses.
- MarketWatch•yesterday
The single most important retirement strategy
New study of retirement planning reaches a surprising conclusionWorking a little longer can add a lot to your standard of living in retirement. Which of the following has the greatest impact on your retirement standard of living?
- CNBC Videos•6 hours ago
Should you pay off your mortgage before you retire?
Winnie Sun, co-founder and managing director or Sun Group Wealth Partners lists the pros and cons of paying off a mortgage before retirement.
- Zacks•5 hours ago
Options Traders Expect Huge Moves in Chesapeake Energy (CHK) Stock
Investors in Chesapeake Energy Corporation CHK 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.
Business Insider•yesterday'You have to move on': Tesla’s biggest bull explains what the rest of Wall Street is missing — and why Elon Musk sets out to fail on purpose (TSLA)
Pierre Ferragu of New Street Research has a $530 price target for Tesla — nearly 70% higher than the rest of Wall Street. The veteran analyst recently spoke to Business Insider about why he's so bullish on Tesla, and what others who cover the company are missing. Follow Tesla's stock price in real-time.
- Zacks•5 hours ago
Rite Aid-Albertsons Deal: US SEC Sanctions Proxy Materials
Rite Aid Corporation RAD is progressing well toward the completion of its pending merger with the grocer, Albertsons Companies, Inc. The progress of the deal became evident, after the U.S. Securities and Exchange Commission (“SEC”) made the previously filed registration statement on Form S-4 effective. Following this, Rite Aid is now urging its shareholders to vote in favor of the merger deal. Voting, regarding the proposed transaction, will be carried out in the Special Meeting of Rite Aid shareholders, which is scheduled for Aug 9, 2018.
- Investopedia•yesterday
Verizon and AT&T Are Ready For Big Rebounds
Telecom giants Verizon Communications Inc. ( VZ) and AT&T Inc. ( T) have been noteworthy--or notorious--as major market laggards in recent years. Matthew Niknam of Deutsche Bank has a buy rating on Verizon based on several factors, including: "meaningfully improving" fundamentals for its wireless business, upside from the rollout of 5G service, an attractive valuation, and relative simplicity that's "a rarity in the space." Philip Cusick at JPMorgan issued a neutral rating on AT&T, and prefers Verizon, but his price target for AT&T implies healthy upside. After meeting with AT&T management, he believes that there is unlikely to be further government intervention in its acquisition of Time Warner, and that there is a clearer vision for utilizing the latter's content.
- CNBC•6 hours ago
Boeing reportedly tells engine makers to make bids for a new 797 plane
A report has claimed that engine manufacturers were given until today to bid with new engines for a Boeing 797. In a statement to CNBC, manufacturer Rolls-Royce refused to deny the Boeing deadline. Boeing has previously said it wants a new mid-sized airliner in the skies by 2025.
- Bloomberg•yesterday
Bank of America Sued for Allowing $102 Million Ponzi Scheme
Bank of America Corp. was accused in a lawsuit of providing more than 100 accounts used to perpetrate what the U.S. regulators called a $102 million Ponzi scheme. The brother and sister who sued to recover losses from their late father’s investment claim the fraudsters “could not have perpetuated their scheme without the knowing assistance of their primary banking institution, Bank of America, which lent the scheme an air of legitimacy and provided critical support, including at times when the scheme would have otherwise collapsed," according to the complaint. Bank of America spokesman Bill Halldin had no immediate comment on the suit.
- CNBC•4 hours ago
Buy Nvidia shares because its new gaming chips will launch soon: Raymond James
Raymond James reiterates its outperform rating for Nvidia shares, predicting the company will launch new graphics chips in its October quarter. The firm's analyst says there is "significant pent up demand" for the new products from the gaming community. Nvidia NVDA shares will thrive as the company releases its next generation gaming graphics chips later this year, according to one Wall Street firm.
Bloomberg•yesterdayInsulin 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.
- Fortune•19 hours ago
Amazon Is Expanding Whole Foods Deliveries to These 5 Cities
The program, which uses Amazon’s Prime Now to deliver meat, produce, and other staples to Amazon Prime members in as little as an hour, was introduced in February. Amazon first rolled out Whole Foods deliveries in Austin, Cincinnati, Dallas, and Virginia Beach. Amazon said it plans to expand deliveries across United States throughout 2018.
- Bloomberg Video•22 hours ago
Morgan Stanley's Wilson Sees 'Rolling Bear Market' for Stocks, Bonds
Jun.26 -- Mike Wilson, Morgan Stanley chief U.S. equity strategist, discusses the outlook for financial markets with Bloomberg's Julie Hyman and Julia Chatterley on "Bloomberg Markets."
- TheStreet.com•21 minutes ago
Stocks Turn Lower, Nasdaq Falls as Tech Shares Tumble
turned lower on Wednesday after posting sharp gains earlier in the session after Donald Trump's crackdown on investments from Chinese companies in U.S. technology firms was less restrictive than feared. rose 0.1% and Alphabet Inc. will acquire Pinnacle Foods Inc.
- The Wall Street Journal•21 hours ago
Investor Makes Massive Bet That China Could Scuttle Qualcomm-NXP Deal
One investor made a gigantic options bet this week that China could quash Qualcomm ’s $44 billion bid to buy NXP Semiconductors , the world’s largest developer of chips for automobiles. Approval by China would remove the last hurdle for a deal that has been at a standstill for months. Qualcomm has obtained eight out of the nine necessary antitrust approvals for the deal. The deal is critical for Qualcomm--a dominant player in chips for smartphones--a business that has plateaued in recent years. Chinese regulators have expressed concerns that the merged company could crowd out domestic businesses. But in May, as U.S.-China trade tensions eased, Chinese authorities indicated that they intended to wrap up their review and approve the transaction.
- Zacks•5 hours ago
General Mills (GIS) Q4 Earnings Surpass Estimates
General Mills (GIS) just came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.73 per share. General Mills, which belongs to the Zacks Food - Miscellaneous industry, posted revenues of $3.89 billion for the quarter ended May 2018, missing the Zacks Consensus Estimate by 0.51%. General Mills shares have lost about 22.3% since the beginning of the year versus the S&P 500's gain of 1.9%.
- MarketWatch•2 hours ago
Dow retains gain as energy sector rallies, but stocks come off session high as trade worries linger
U.S. stock-market indexes midday Wednesday were climbing, but trading off the best levels of the session, with the energy sector leading the charge on the back of gains in crude-oil futures. Wall Street buying appetite appeared to be stoked after the Trump administration said it would use existing laws to restrict Chinese investment in the U.S. instead of relying on more aggressive executive orders.
- Barrons.com•4 hours ago
Is Boeing a Buy?
Shares of Boeing (BA) have dropped nearly 10% in the past few days on worries over an escalating trade war with China. Sam J. Pearlstein, a senior analyst at Wells Fargo, believes the resurgence of the US dollar will make its aircraft deliveries more expensive. “Boeing sells aircraft in US dollars, which is a potential mismatch for its non-US customers that generate revenues mostly in other currencies.
- Zacks•5 hours ago
4 Potential Winners as US-China Trade Conflicts Escalate
The ongoing trade conflict between United States and China is showing no signs of abating. The issue has escalated to a point where imposition of tariffs and retaliatory tariffs may go up to $450 billion on either side. Further, President Trump’s intention of restricting Chinese companies from investing in U.S. tech firms to prevent technology export to China is likely to add fuel to the fire.
- Zacks•5 hours ago
eGain, Ichor Holdings, Amazon.com, Nvidia and Facebook highlighted as Zacks Bull and Bear of the Day
In addition, Zacks Equity Research provides analysis on Amazon.com, Inc. AMZN, Nvidia Corporation NVDA and Facebook, Inc. FB. Throughout the technology sector’s dominant streak as the leader of this market’s incredible bull run, it has been familiar behemoths like Nvidia, Facebook and Netflix leading the way.
- MarketWatch•2 hours ago
Energy stocks rally as oil prices jump; Chesapeake Energy shares climb to 13-month high
Shares of oil and gas companies charged broadly higher in morning trade Wednesday, fueled by a jump in crude oil futures to a 3 1/2-year high in the wake increased pressure on Iran's oil industry by the Trump administration. The biggest gainer was Concho Resources Inc.'s stock which ran up 4.4% to also pace the S&P 500's gainers. Among the energy ETF's most heavily weighted components, shares of Exxon Mobil Corp. climbed 1.8%, Chevron Corp. rose 2% and Schlumberger Ltd. tacked on 2%.
