Check out the companies making headlines before the bell: General Electric – General Electric reported quarterly profit of 15 cents per share, 4 cents a share above estimates. Revenue also exceeded forecasts and GE raised its full-year cash flow forecast. Yum Brands – Yum earned an adjusted 80 cents per share for its latest quarter,
Intel (NASDAQ:INTC) is trading near five-year highs as sales to cloud data centers continue to grow. The company beat earnings estimates on Oct. 24 by a substantial margin. CEO Bob Swan predicted double-digit earnings growth for the second half of the year. Despite this, INTC stock remains cheap relative to the market. Source: dennizn /
It’s been a rough year for U.S. food delivery giant GrubHub (NASDAQ:GRUB), as GrubHub stock has tumbled amid concerns about escalating competition, slowing growth, and eroding profitability. But, while things were bad for GRUB before, they just got a lot worse. In late October, GrubHub reported third quarter numbers that missed estimates across the board.
More people could be in danger from rising sea levels than previously thought, a new study says. The report, published on Tuesday by Nature Communications, found that by the end of the century as many as 630 million people could live on land below projected flood levels. This is three times greater than prior estimates.
Earlier this month, Credit Suisse analyst John Walsh said that “it takes a village” to assess General Electric (NYSE:GE) stock. Source: Jonathan Weiss / Shutterstock.com I don’t agree with that sentiment. Heading into the company’s third-quarter earnings, due Oct. 30, I remain convinced that prior results show that the company’s aerospace unit remains strong, while
On Monday, the major U.S. equity benchmarks broke out to all-time highs, but as was noted in the wake of yesterday’s bullishness, domestic stocks have had difficulties building on breakouts for over a year now. One trading day does not confirm that will be the case this time around, but stocks retreated on Tuesday. Source:
A customer browses the Mattel Barbie dolls section of a now closed Toys ‘R’ Us store. Chris Ratcliffe | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Mattel spiked more than 12% during extended trading after the company announced that its audit committee completed its independent investigation into
Investors tend to gravitate to dividend stocks, particularly when those equities increase their payout on an annual basis. When these types of stocks achieve 25 consecutive years of payout hikes, analysts refer to them as “dividend aristocrats.” As many of the top tech stocks matured, they embraced the practice of annual dividend increases. Now, dividend
This year, Amazon.com (NASDAQ:AMZN) had some good news for customers: one-day shipping is now standard for Amazon Prime orders. But in last Thursday’s quarterly report, this translated into bad news for investors in AMZN stock. The effort contributed to a spectacular earnings miss: Last year, Amazon earned $5.75 per share in the third quarter. Analysts were expecting
Download Preston’s 1 page checklist for finding great stock picks: http://buffettsbooks.com/checklist Preston Pysh is the #1 selling Amazon author of two books on Warren Buffett. The books can be found at the following location: In lesson four, we learned that a share of a business is one unit of the overall business. For example, if
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Sergei Konkov | TASS | Getty Images As Alphabet shares fell after the Google-parent missed Wall Street’s third-quarter earnings expectations, one analyst proposed a solution: Divest YouTube, one of the tech giant’s most valuable assets. “We think GOOGL should spin off part or all of YouTube, which we estimate would be worth $300B on a stand-alone basis,”
It was the cannabis-industry news item of the month, and possibly of the entire year: Aphria (NYSE:APHA) posted an astounding gain after the company absolutely crushed earnings and goosed the Aphria stock higher. If you already owned shares, then watching the Aphria stock price ascend 22% was a cause for celebration; if you’ve been sitting on
It was an action-packed session in the stock market today, marked by record highs, mergers, acquisitions and earnings. Some of those earnings, like AT&T (NYSE:T), came before the open and helped lift the stock to new 52-week highs. Other notable reports, like Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), will come after the close (although shares did rally to
Check out the companies making headlines before the bell: Merck – Merck earned an adjusted $1.51 per share for the third quarter, beating the consensus estimate of $1.24 a share. Revenue came in above forecasts, as well. Merck also raised its full-year outlook amid strong sales of drugs like cancer treatment Keytruda. Pfizer – The
From the highs of March 2019, Aurora Cannabis (NYSE:ACB) stock has slumped by 62% and the scenario is no different for other companies in the cannabis industry. The decline has been associated with industry- and company-related concerns and I don’t see any reversal in trend for ACB stock. This coverage will discuss the factors that
Virgin Galactic‘s leadership expects millions of space tourists will want to fly in the next decade, more demand than can be fulfilled by both Richard Branson’s company or Jeff Bezos’ Blue Origin, its closest competitor. “Ultimately we think this is going to be a capacity constrained market – more people are going to want to
The technology sector is hardly worried about the persistent slowdown in smartphone and computer demand. Even though these sectors are mature, the need for more storage, computing power, and connectivity among all devices will still increase. Meanwhile, the ever-increasing computing power in automobiles gives technology companies newfound growth opportunities. As automobiles add more features powered
It took three months, but the major U.S. equity benchmarks revisited all-time highs Monday, supported by more good news on trade. Now comes the hard bard: basically every equity market breakout dating back to last year has been met with immediate selling. Source: Venturelli Luca / Shutterstock.com Things could be different this time around because