Investors must take precaution about the stocks they want to put their money in because the coronavirus outbreak is disrupting supply chains of many companies, CNBC’s Jim Cramer warned on Monday. American businesses are “far too dependent” on manufacturing products in China, he said. The comments came after the three major U.S. stock indexes plunged
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Freeport-McMoRan (NYSE:FCX) stock is biding its time. Everyone, including the company, is waiting for 2021. That’s when huge earnings and cash flow starts to kick in. Source: MICHAEL A JACKSON FILMS / Shutterstock.com Freeport-McMoRan reported lousy earnings for 2019 on Jan. 23. In fact, the copper and gold mining company lost money. Moreover, its free
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It wasn’t “Black Monday,” but today will not be remembered fondly over the course of market history as each of three major domestic equity benchmarks were punished amid intensifying concerns regarding the coronavirus from China. In the span of just two days, $1 trillion has been wiped off the market value of global equities. Source:
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Burgers and French fries from Shake Shack Shake Shack Check out the companies making headlines after the bell: Shake Shack — Shares of the fast-food chain fell more than 13% in extended trading after the company reported fourth-quarter revenue that missed analysts’ estimates. Shake Shack reported revenues of $151 million, while analysts expected $153 million, according
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Warren Buffett David A. Grogan | CNBC Berkshire Hathaway’s Warren Buffett on Saturday will publish his much-awaited shareholder letter. The annual missives, which are logged here on Berkshire’s website going back to 1977, are considered required reading for investors large and small. And this year, investors will be especially interested to know whether Berkshire has
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Coming into the year, I called Pinterest (NYSE:PINS) stock one of my top picks for 2020. Not once. Not twice. Instead, I said over and over and over again that Pinterest stock was due for significant out-performance in 2020. Source: Nopparat Khokthong / Shutterstock.com Fast forward two months. Year-to-date, Pinterest stock is already up more
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For a while, it has felt as though U.S. equities have been immune to the Covid-19 outbreak. That thesis was dealt a blow Thursday. The major domestic benchmarks slumped as global investors grew pensive that the epidemic will weigh on earnings. Source: Provided by Finviz The S&P 500 slipped 0.38%. The Dow Jones Industrial Average
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As the energy industry faces a time of reckoning — pressured by consistently low oil prices, high operating costs and a growing sustainable investing movement — oil and gas companies are increasingly turning to Silicon Valley for help streamlining operations and boosting efficiencies. By some estimates, the addressable market for digital oil and gas solutions
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L Brands (NYSE:LB), once the premier name in women’s retail, is now just Bath & Body Works. Source: mysirikwan / Shutterstock.com The company has sold 55% of its Victoria’s Secret brand to private equity, valuing it at $1.1 billion. The cash will help pay down debt that stood at over $5.7 billion at the end
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A contractor prepares a sliding door for a home under construction at the Toll Brothers Inc. Enclave at Rye Brook housing development in Rye Brook, New York Michael Nagle | Bloomberg | Getty Images Owning a home has long been the individual investor’s opportunity to hold real estate. But the American millennial population is waiting
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There are two advantages to restaurant stocks in good times. The first is that people have more money to spend, so going out to eat isn’t just reserved for special occasions. When times are tight, though, people tend to forego the “luxury” of dining out and buy nicer cuts of meat or brand-name goods at
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When investors buy stocks for the long haul, the holding period is ideally forever. But that is not always possible. Valuations may reach unfavorable levels or fundamentals may worsen. When that happens, investors need to re-evaluate the company’s long-term prospects. One of the quickest negative catalysts that will accelerate a blue chip’s safe-haven status is
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