Walmart Chops EPS Estimates, Guides 2020 Higher
Walmart announced Tuesday morning that it is cutting fiscal year 2019 earnings per share guidance by about 8% due to dilution related to its $16 billion acquisition of Flipkart.
All Work
Paul Ausick
Sears, Exelixis Drop into Monday’s 52-Week Low Club
Sears, Weyerhaeuser, Laredo Petroleum, and Exelixis were among the stocks posting new 52-week lows Monday.
Walgreens, Procter & Gamble Prop Up the Dow Monday
Walgreens, Procter & Gamble, Goldman Sachs, and Disney were the support pillars for the Dow Monday.
Tesla’s Software Upgrade Included a Massive Jump in Visual Learning Power
Tesla's recently released Autopilot software update includes a major improvement in the vehicles' ability to visualize its surrounding environment.
US Gas Prices Slipped Last Week, Volatility Increasing
The U.S. national average pump price for a gallon of regular gas fell by more than 2.5 cents led by big declines in the Midwest.
Top 0.001%, Bottom 50% of US Taxpayers Pay Equal Shares of Income Tax
Recently released data from the IRS shows that the top 0.001% of U.S. taxpayers pay nearly the same proportion of all U.S. federal income tax as the bottom 50%.
L3, Harris to Form Sixth-Largest US Defense Contractor
Defense contractors L3 Technologies and Harris announced Sunday that they will merge in an all-stock deal that will create the nation's sixth largest defense firm.
IPO News This Week: 8 Firms Seeking $1.6 Billion in New Capital
There are 8 firms planning IPOs for the coming week, including $750+ million offering from a firm that makes IT infrastructure management software and a China-based maker of battery-powered scooters.
9 Dow Components Up by Double Digits
In 2017, 20 of the 30 stocks that comprise the Dow Jones Industrial Average posted double-digit, year-over-year share price gains. So far this year, only 9 currently show a double-digit gain.
Demands Rise for Hyundai, Kia Recall Due to Engine Fires
The U.S. National Highway Traffic Safety Administration has received more than 200 complaints of engine fires in certain Hyundai and Kia vehicles. Calls are intensifying for the vehicles to be recalled.
DowDuPont Takes Over as Dow’s Poorest Performer
DowDuPont replaced Goldman Sachs last week as the worst-performing stock on the Dow index.
Apple Repeats as Top-Performing Dow Stock
Apple survived a bloody week in the markets to return as the best-performing Dow Jones industrial stock for the year to date.
Walmart Adds Another Fashion Line to Shore Up Apparel Business
Walmart on Friday announced its acquisition of online intimate apparel retailer Bare Necessities. This marks the latest in a string of acquisitions and partnerships Walmart has announced over the past year or so as…
Ford, General Motors Crash into Friday’s 52-Week Low Club
Ford, GM, Annaly Capital Management, and Morgan Stanley all posted new 52-week lows Friday.
Visa, Microsoft Lead the Dow Higher Friday
Visa, Walgreens, Cisco Systems, and Microsoft were the top gainers among the Dow 30 stocks on Friday.
Apple: A Free Content Strategy Is the Right Approach
Reacting to a report from CNBC, Loup Ventures analysts Gene Munster and Will Thompson argue that a reported Apple plan to give customers free access to original content with their Apple Devices is a…
US Oil Rig Count Jumps by 8, Largest Increase Since Early August
The number of land-based drilling rigs searching for oil in the U.S. this week increased by eight, the largest week-over-week rise in two months. Including natural gas and other rigs, the total U.S. count…
Ford Is Not Selling the Cars That Chinese Buyers Want
Ford's sales in China dropped 43% last month and sales for the year are down 30%. The carmaker is not alone, however. Chinese sales are on a path to their slowest annual growth in…
Tesla Warns About Federal Tax Credit Deadline, but What About After?
When Tesla reached its milestone 200,000th electric car delivery in July, the clock started running on reducing the federal tax credit to buyers from $7,500 to zero by the end of next year.
JPMorgan Earnings Feast on Higher Interest Rates, Lower Taxes
JPMorgan reported quarterly results Friday morning that beat analysts expectations for both per-share earnings and revenues. Higher interest income and lower taxes drove most of the profit gains.