Check out the companies making headlines after the bell: Whirlpool‘s stock tumbled more than 6.5 percent in the extended session after the company posted worse-than-expected third quarter earnings and cut guidance. Shares of HNI Corp. plunged more than 16 percent on light trading volume after hours. The company posted results that exceeded Wall Street expectations,
0 Comments
Wall Street is torn on General Electric, the one-time favorite blue chip for long-term investors, which is now facing an identity crisis and possible dividend cut. Major research shops downgraded and upgraded the industrial company following its third-quarter earnings miss Friday. The firm’s September quarter profits were hit by restructuring costs and weak performance from
0 Comments
Any investor old enough to remember the notorious Dow decline of 508 points on Black Monday — Oct. 19, 1987 — is probably old enough to recall The Golden Girls, name all four Beatles and know that a plummeting Dow Jones Industrial Average spares no world markets when it falls into a rapid, ruinous spiral.
0 Comments
The bankruptcy of Toys R Us weakened Hasbro‘s forecasts for the holiday season in otherwise strong third-quarter results on Monday, boding ill for a sector worried by the collapse of a major customer. The Amazon-fueled move away from brick-and-mortar retailing was behind the surprise filing last month by Toys R Us, which left Hasbro exposed
0 Comments
Roth individual retirement accounts, in which after-tax deposits — and subsequent earnings — grow tax free, may be one of the best ways to save up for your golden years. But certified financial planner Sophia Bera, founder of financial advisory firm Gen Y Planning, says Roth IRAs can also come in handy long before account
0 Comments
Dutch health care technology company Philips said on Monday its core profits in the third quarter rose 12 percent to 532 million euros ($626.1 million), as strong growth in China pushed comparable sales up 4 percent. The profit increase was the result of savings and strong sales growth in China and other emerging markets. Sales
0 Comments
Russell Investments’ Doug Gordon sees a catalyst that could prolong the bull run. He believes the odds of a Republican tax reform plan becoming a reality is rising, and the markets may just be starting to realize it. “Once we got the budget passed, that was an important hurdle,” the firm’s senior portfolio manager said
0 Comments
When CNBC’s Jim Cramer first recommended Callaway Golf and Dick’s Sporting Goods as ways to invest around golf a little over a year ago, he wasn’t entirely sure where the industry would go. “At the time, the conventional wisdom held that golf was dead, but I thought we were seeing some green shoots and there
0 Comments
When the broader market is strong, sometimes CNBC’s Jim Cramer likes to zoom in on specific companies to review what they’re doing right. On Friday, Cramer turned to Honeywell, the massive industrial conglomerate manufacturing aircraft engines, climate control systems, security equipment and other specialty products. “Honeywell’s stock has roared up over 25 percent year to
0 Comments
Industrials: Tuesday will be critical in determining the strength of the industrial cohort, with earnings reports from General Motors, United Technologies, Caterpillar, 3M and Stanley Black & Decker. Cramer expects all of them to deliver strong results, particularly given the post-hurricane cleanup projects in Texas and Florida and the boon from a weaker dollar. “Now,
0 Comments
Wells Fargo fired four foreign-exchange executives amid an investigation into that business both internally and from regulators, The Wall Street Journal reported Friday, citing sources familiar with the matter. Wells Fargo confirmed the departures to the Journal and CNBC. Shares of Wells Fargo remained about 2 percent higher Friday afternoon. The executive firings and investigation
0 Comments
Getty Images John Taylor, of professor of economics at Stanford University (l), and Jerome Powell, governor of the Federal Reserve. President Donald Trump‘s options for the future Federal Reserve leadership could include not one but two of the top contenders. Trump is leaning toward appointing both current Fed Governor Jerome “Jay” Powell and Stanford economist
0 Comments
Retirees who want to know how much their Social Security cost-of-living adjustment will change their benefits should check their online statements come December. The Social Security Administration unveiled its cost-of-living adjustment, or COLA, for 2018 earlier this month. The 2 percent increase for next year marks a significant jump over last year, which was just
0 Comments