Investing & Retiring

Indeed, markets haven’t been impressed with much of it. Despite the respectable economic performance and the stunning surge in company profits, the major averages are little changed for the year and stumbled around Friday, despite a massive earnings beat from Amazon. That’s probably because with all of the backward data looking good, there remain questions
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Shares of Expedia took off Friday after the company reported better-than-expected quarterly sales and a sharp increase in booking volume. The online travel agent’s stock rose 9 percent, trading at $115.87. The company reported a 15 percent year-over-year increase in first-quarter bookings, boosted by its HomeAway, Expedia and Hotels.com brands. Expedia’s revenue also popped 15
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One Wall Street analyst regrets his decision to downgrade Facebook’s stock earlier in the year after its big earnings beat. Facebook reported quarterly earnings and revenue well beyond consensus expectations on Wednesday despite its recent scandal involving data privacy and Cambridge Analytica. The impressive numbers sparked a rally in its stock the day after, rallying
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Questions remain for the trend in the short term, however, as President Donald Trump’s administration actively pursues topics considered antithetical to long-term environmental sustainability. The president has resurrected the Keystone XL and Dakota Access pipelines, sought an end to “the war on beautiful, clean coal,” called climate change a hoax, pulled the U.S. from the
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The high-yield market has underperformed equities this year, often seen as a sign of trouble for stocks. One portfolio manager says it’s not acting as a warning for broader markets — at the moment. Underperformance in the high-yield space is fairly benign right now, says Washington Crossing Advisors portfolio manager Chad Morganlander. “It’s all that
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Check out the companies making headlines before the bell: Colgate-Palmolive – The household products maker beat estimates by 2 cents a share, with quarterly profit of 74 cents per share. Revenue fell short of forecasts, however, amid flat pricing compared to a year earlier. Moody’s – The credit rating agency reported adjusted quarterly profit of
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In the debate between growth and value, some may argue value can prevail. After all, “value” stocks typically boast low price-earnings ratios and other traditional assessment metrics, often looked upon as undervalued relative to its underlying fundamentals. “Growth” stocks are often considered those whose earnings are expected to increase at an above-average rate but don’t
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Advanced Micro Devices‘ new chips are thriving in the market and will take big share from its competitors, according to Wall Street. The chipmaker reported better-than-expected first-quarter earnings results Wednesday. AMD also gave revenue guidance for its second quarter significantly above Wall Street expectations. Stifel reiterated its buy rating on AMD shares, predicting strong sales
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Wall Street’s second biggest bull is predicting a market comeback is in the works. Despite investor skittishness over Caterpillar CEO comments suggesting an economic slowdown and rising Treasury yields signaling inflation risks, Federated Investors’ Phil Orlando contends stocks will return to record territory this year. “This is the best earnings season we’ve seen in the
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Founder Mark Zuckerberg‘s apology before Congress came off as insincere, Gundlach added, and the company’s fortunes are changing. Supporters, he said, argue that “regulation outprices competition,” but Gundlach said “equity bubbles pop by regulation.” The pair trade of energy exploration and technology seems incongruous, but such efforts have paid off before. Looking at the diversion
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Needham downgraded Lululemon stock on Monday to hold from buy, saying the athletic apparel maker faces tough year-over-year sales growth comparisons. “We think [long-term] drivers remain intact (international, e-commerce, and men’s) and 1Q18 should be good on a strong start to the year and easy comparisons,” analyst Rick Patel said in a note to clients.
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Amazon’s burgeoning cloud computing platform and its central retail business should lead to a “steady and iterative” year for the company, according to Credit Suisse. The investment bank increased its 12-month price target on Amazon to $1,800 from $1,750 on Friday, arguing that it should see meaningful revenue growth thanks to its budding media content
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