Advanced Micro Devices, Inc (NYSE: AMD) appears to have bottomed out last Friday after its latest earnings report as the stock has gained some 7.9% since then – perhaps due in part to the NVIDIA Corporation (NASDAQ: NVDA) earnings report that came out around that time or maybe even due to Jim Cramer now getting off the AMD bullish bandwagon. As a reminder, the last AMD earnings report (see:....more>>>
Home prices continue their upward ascent. According to the Federal Housing Finance Agency, the governmental body in charge of Fannie Mae and Freddie Mac, nationwide home prices increased by 0.7% in May compared to April and by 7.3% over the same month last year. As you can see in the chart below, it was the 16th consecutive month that home prices improved after a long spell in which they declined.
NEW YORK (TheStreet) — ACE (ACE) reported third quarter earnings and revenue ahead of analysts expectations after the closing bell on Tuesday.
The Swiss global insurance company reported third quarter earnings of $785 million, or $2.64 on an adjusted per diluted share basis, a 6% increase over the same period last year, and well ahead of analysts $2.36 per diluted share forecast.....more>>>
Land drilling contractor Nabors Industries Ltd. (NBR), anticipates that its operating results for the second quarter of 2013 will fail to meet expectations.
According to Nabors, unsatisfactory performance from its ‘Rig Services’ and ‘Completion and Production Services’ units will lead to this lower-than-expected return. Decline in sales of capital tools along with decreased rig services....more>>>
U.K. stocks slipped from their highest level in seven weeks, trimming the FTSE 100 (UKX) Index’s fourth consecutive weekly gain, as Google Inc. and Microsoft Corp. posted worse-than-projected earnings.
ARM Holdings Plc (ARM) lost 2.6 percent, leading European technology companies lower before it publishes half-year results next week. IMI Plc (IMI) gained 2 percent as Citigroup Inc. listed....more>>>
MasTec (NYSE: MTZ ) is well-known for being a leading infrastructure construction company across various industries, so its announcement this morning that it is acquiring an oil and gas pipeline and facility construction services company should not come as a surprise.
Big Country Energy Services is based in Calgary, Canada, and Florida-based MasTec has previously made it clear....more>>>
The database of credit card customers at Neiman Marcus was hacked in December, according to a published report late Friday on CNET.com
Security news CNET’s confirmation of the Neiman Marcus hack follows Target’s revelation Friday that its probe into a recent attack there affected personal and credit card data of up to 110 million of the upscale retailer’s customers. That’s....more>>>
This past week, banking giant Wells Fargo (NYSE: WFC ) announced that it will increase its dividend from $0.30 to $0.35 per quarter. That increase puts Wells Fargo’s quarterly dividend $0.01 ahead of what the bank was paying when it was forced to start cutting its dividend during the financial crisis.
With that increase, Wells Fargo joins the ranks of portfolio picks....more>>>
LONDON — A popular way to dig out reasonably priced stocks with robust growth potential is through the “Growth At A Reasonable Price,” or GARP, strategy. This theory uses the price-to-earnings to growth (PEG) ratio to show how a share’s price weighs up in relation to its near-term growth prospects — a reading below 1 is generally considered decent value for money.
Excerpted from the Dec. 13 Top 25 issue of Forbes Dividend Investor.
On Friday, December 6, stocks cheered the strong November jobs report and the major equity indexes rallied to new highs, but then hit a four-day skid going into last Friday. A strong catalyst for the profit taking: the two-day Federal Open Market Committee policy meeting on Tuesday and Wednesday.
The fear is....more>>>
Although we don’t believe in timing the market or panicking over market movements, we do like to keep an eye on big changes — just in case they’re material to our investing thesis.
What: Shares of hydrogen fuel cell maker Plug Power (NASDAQ: PLUG ) jumped again today after an analyst made positive remarks about the company. The stock spiked as much as 11%,....more>>>
It’s a beautiful day for the Dow Jones Industrial Average (DJINDICES: ^DJI ) so far, as the index continues its climb following some excellent news on the trade deficit and a sweet upgrading of health insurer UnitedHealth Group (NYSE: UNH ) from Deutsche Bank.
The U.S. Census Bureau this morning released data on November’s international trade deficit,....more>>>
WASHINGTON — When America’s second-most important central banker talks about an “apparent lack of respect for law” in our big banks, you know you’ve got a serious problem.
William Dudley, the president of the New York Federal Reserve Bank, is not some wild-eyed academic shooting from the hip. He is ex officio vice chairman of the Federal Open Market Committee, the....more>>>
Washington Post columnist Neil Irwin stopped by to discuss his book, The Alchemists: Three Central Bankers and a World on Fire. It’s a great read on the history of central banks, including how they responded to the financial crisis and the challenges they face in the future.
Some credit the Fed with saving the economy in the aftermath of 2008, while others blame them for causing the....more>>>
First, it was the mess in Syria.
Then we had to deal with the whole Team Bernanke “taper drama.”
And now we’re barreling into yet another “Fiscal Cliff” street fight.
With U.S. stocks trading at unsustainable highs, I can sympathize with those of you who look at these headlines with fear; you view each day’s events as just....more>>>