Month: September 2018

“What are you doing here?” a young engineering student asked Vipin Mayar, the head of artificial intelligence initiatives at Fidelity Investments, at a MIT conference in San Francisco. As Mayar recalled, “They were all just… surprised.” Fidelity executives are getting used to the confused looks and double-takes their company booth draws at Silicon Valley job
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Struggling retailer Bed Bath & Beyond (NASDAQ:BBBY) just reported second quarter numbers that confirm that this retailer continues to struggle. Second quarter revenues missed expectations. So did comparable sales, operating profits, and net profits. The full-year guide was also trimmed. BBBY stock dropped big in response. It now trades at its lowest levels since 2000.
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Check out the companies making headlines before the bell: BlackBerry — The communications software maker reported adjusted quarterly profit of 4 cents per share, compared to a consensus estimate of a penny a share, with revenue also beating forecasts. Lowe’s – The home improvement retailer’s stock was upgraded to “buy” from “hold” at SunTrust Robinson
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“Winning” may be President Trump’s motto, but Bank of America (NYSE:BAC) isn’t feeling the warm and fuzzies. Last year sparked a stellar performance in BAC stock, with shares returning nearly 33% for jubilant contrarians. Though Trump had previously caused concerns, his business acumen apparently boosted market confidence once in office. And to be fair, Bank
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U.S. equities moved higher on Wednesday as investors shrugged off a decision by the Federal Reserve to raise interest rates by another 0.25%. Policymakers also signaled that monetary policy has moved to a more neutral state, which was translated as meaning that perhaps the Fed could be ready to slow or pause its rate hike
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Given the extremely low valuation of Micron Technology (NASDAQ:MU) stock, if value investing legend Benjamin Graham was alive today, he would be buying MU stock by the boatload. Trading at 3.7 times its trailing adjusted earnings per share, Micron stock is the third-cheapest S&P 500 company by this valuation metric and it has the lowest
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Athletic apparel company Under Armour (NYSE:UAA) has been in rally mode recently. First, management provided an update on its restructuring plan, slightly upped fiscal 2018 earnings guidance and sounded a bullish tone on potential operating margin expansion in the long-term due to workforce reduction. That trio of updates sent Under Armour stock flying higher. Then,
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Amazon (NASDAQ:AMZN) has never been conventional. Turning the book buying experience on its head — when people actually bought books — was simply proof of concept for founder and CEO Jeff Bezos. After he saw that he could successfully build an online store that could out-compete traditional major retailers in a low margin business and that
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The ability to personalize a product to your preference is the next major theme of the world’s digital revolution, CNBC’s Jim Cramer said Thursday, speaking from CNBC’s 1Market studio in the tech capital of San Francisco. “The investable theme everybody’s talking about right here, right now? Personalization. It’s everywhere,” the “Mad Money” host said. “Technology
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Check out the companies making headlines after the bell: Tesla shares fell nearly 12 percent in after-hours trading following news that the Securities and Exchange Commission has sued CEO Elon Musk for fraud. The suit is related to Musk’s August tweet that stated he was “considering taking Tesla private at $420” and already had “funding
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