General Electric Company (NYSE: GE), one of the worst-performing U.S. blue-chip stocks of the past several years, says it will retroactively reduce its 2016 and 2017 earnings per share by 13 cents and 16 cents, respectively. News of restated earnings is just the latest in a string of difficult headlines for GE investors, and Wall Street experts…
A disappointing fourth-quarter earnings report sent Walmart Inc (NYSE: WMT) stock tumbling 10 percent last week, as WMT had its worst single day of trading since January 1988.
The U.S. auto industry got off to a bumpy start to 2018 when light vehicle sales declined by 3 percent in the January. Bank of America analyst John Murphy is expecting more lackluster numbers in February, but General Motors Company (NYSE: GM) investors shouldn’t be discouraged by the difficult environment.
The semiconductor industry has enjoyed tremendous positive momentum in recent years led by chipmaker Nvidia Corporation (Nasdaq: NVDA). Yet even after the stock has gained nearly 1,000 percent in the past three years, Bank of America analyst Vivek Arya says Nvidia investors can expect more of the same in 2018 and beyond.
When Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) CEO and investing legend Warren Buffett has something to say, Wall Street pays attention. Buffett published his annual letter to Berkshire investors on Saturday, in which he discusses his two potential successors, what he plans to do with all of Berkshire’s cash and a 10-year bet that demonstrates the power of long-term…
Politicians have done little in response to the deadly Florida school shooting that left 17 dead last week. Unfortunately for gun manufacturers, BlackRock, Inc. (NYSE: BLK) says investors may be taking matters into their own hands and taking a stand with their wallets.
One of the biggest legal battles in the media industry in 2018 will be the Justice Department’s upcoming antitrust case against the $85 billion proposed merger between AT&T Inc. (NYSE: T) and Time Warner Inc (TWX).
PayPal Holdings Inc (Nasdaq: PYPL) stock took quite a hit earlier this month when former parent company eBay Inc (EBAY) announced it will be dropping PayPal as its primary payment processor starting in 2021.
Toy retailer Toys ‘R’ Us is reportedly closing another 200 stores as the company struggles to emerge from its bankruptcy filing last September. Another wave of store closings is even more bad news for toymaker Mattel, Inc. (Nasdaq: MAT), which had previously been heavily reliant on Toys ‘R’ Us as a major retail partner.
Rising interest rates have rattled the stock market in the opening months of 2018, but bank investors aren’t too concerned. Many banks will get an earnings boost from higher rates, but analysts say JPMorgan Chase & Co. (NYSE: JPM) could be one of the biggest long-term winners.