Month: October 2018

Matthew Busch | Bloomberg | Getty Images Nick Akins, chairman, president and chief executive officer of American Electric Power Co. Nick Akins, the chairman and CEO of the largest power transmission network in the United States, is keeping a close eye on the country’s economic patterns, he told Cramer in an exclusive interview Wednesday. “Oil
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CNBC’s Jim Cramer was immediately intrigued when shares of Masco, a home supply manufacturer, managed to surge more than 7 percent after the company’s disappointing earnings report on Tuesday. Most news headlines painted Masco’s quarter as weak, pressured by a slowing housing sector, rising raw costs, a hawkish Federal Reserve, higher tariffs and a muted
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Fitbit is known primarily for its fitness tracker bands, but its smartwatch business is growing. In the third quarter, the company said its smartwatch revenue grew to 49% of total revenue, up from less than 10% a year ago. In September, the company launched a new platform called Fitbit Care. The service offers personalized coaching
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Shares of Kellogg are on pace for their worst day in two decades after the company slashed its full-year profit and earnings outlook Wednesday. The company’s stock was down as much as 9.6 percent in morning trading, its biggest daily drop since Oct. 16 1998 when shares plummeted 9.47 percent. The shares rebounded somewhat in
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Few families can cover the skyrocketing cost of college outright. Luckily, there are more than 7 million scholarships available to help. But wading through the options can be overwhelming. Enter free search sites, like Tuition Funding Sources, which help students find the most desirable kind of assistance — money that does not have to be
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Drew Angerer | Getty Images Traders and financial professionals work ahead of the closing bell on the floor on the New York Stock Exchange (NYSE), October 26, 2018 in New York City.  October has been a jarring month for U.S. stocks. But one strategist is calling a bottom and says it’s an opportune time to
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David Paul Morris | Bloomberg | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook Shares of Facebook popped Wednesday after a mixed third-quarter report and a candid earnings call with traditionally tight-lipped executives. The stock gained as much as 6.9 percent in morning trading, before easing off slightly. The stock gained 3.8
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The many big companies disrupted by blockchain have now made it a priority to harness this technology. As is typically the case when faced with disruption, large companies are seeking to defend their territory by adopting the very tool that threatens them. With blockchain there’s a lot at stake. The global market for blockchain-related products
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A spokesperson for SoFi disagreed that it misleads borrowers. “We have always been committed to giving our current and prospective members clear and complete information with which to make smart financial choices, and are pleased to have this matter resolved,” the spokesperson wrote in an email. Outstanding student loan debt in the U.S. has tripled
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Electronic Arts forecast third-quarter revenue below Wall Street estimates on Tuesday, as the video-game publisher’s delayed launch of its popular “Battlefield V” game hurt the company in an already crowded holiday-season game slate. The company’s shares were down 5 percent at $90.25 in after-market trading. EA forecast third-quarter adjusted revenue of $1.73 billion, missing the
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Like luxury goods makers, cosmetics companies like L’Oreal or Japan’s Shiseido have been hit by fears over a slowdown in China, which sparked a stock market sell-off. Shares in the French beauty group have fallen almost 8 percent since a peak in August. But, following the firm’s earnings statement, shares shot up by nearly 6
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China reported slower manufacturing growth in October for the second straight month as the country’s trade war dispute with the U.S. continues. Official manufacturing Purchasing Managers’ Index (PMI) was 50.2 — lower than the 50.6 analysts analysts expected in a Reuters poll. The official manufacturing PMI was 50.8 in September. A reading above 50 indicates
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As the leader of a mass manufacturer of key electrical components, Kemet Corp. CEO Per-Olof Loof has his finger on the pulse of a host of important industries, he told Cramer in an exclusive interview on Tuesday. “Kemet may not be a household name, but we are pretty much in every household,” he said on
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Royal Dutch Shell PLC: “Why buy Royal Dutch when you can buy BP? My charitable trust, which you can follow along by joining [the] ActionAlertsPlus.com club, has made this our biggest oil position and we keep buying it and it yields 5.8 percent and it reported one of the best quarters I’ve seen this whole
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Check out the companies making headlines after the bell: Facebook shares initially fell, then turned positive and rose 2 percent in the extended session after the social media giant released a mixed third-quarter earnings report. The company reported earnings of $1.76 per share, higher than the Street’s $1.47 per share estimate. Facebook missed expectations on
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Facebook shares whipsawed in after-hours trading, following a mixed third-quarter earnings report Tuesday. The results fell short when it came to revenue, daily active user and monthly active user estimates in the company’s latest earnings report, despite exceeding analyst expectations on earnings per share. Facebook also told investors to expect increased expenses in 2019. The
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There’s no silver bullet for generating retirement income; however, financial advisors suggest that dividend-focused investors should consider diversifying their holdings and income streams. “Rather than thinking ‘I can only spend dividends that come to me from high-dividend yielders,’ say ‘I need $100,000 a year, and I don’t care whether it comes from dividends, interest payments
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CNBC’s Jim Cramer said Tuesday it almost seems like Jerome Powell is being aggressive on his path to raise interest rates because the Federal Reserve chair wants throw a wrench in President Donald Trump‘s agenda. “Maybe he wants Trump to lose,” Cramer argued on “Squawk on the Street,” questioning Powell’s motives. The Fed declined to
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Pau Barrena | Bloomberg | Getty Images Ajay Banga, chief executive officer of MasterCard Inc. Mastercard’s third-quarter profit rose 33 percent, it said on Tuesday, joining rival payments network Visa in reporting higher earnings led by rising U.S. consumer spending. Mastercard’s net income climbed to $1.90 billion or $1.82 per share in the three months
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“We’re hyper aware of what other people are doing,” said Kelly Lannan, director of women and young investors at Fidelity Investments. “But now it’s not just keeping up with friends, it’s keeping up with celebrities.” More than half, or 57 percent, of millennials have spent money they weren’t originally planning to on products they saw
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