Key Takeaways Analysts estimate adjusted EPS of $0.47 vs. $0.57 in Q3 FY 2021. Aviation revenue is expected to grow at the second-fastest place in at least four years. Aviation will be GE’s sole business by 2024 after the conglomerate spins off healthcare, power, renewable energy and other units. General Electric Co. (GE), the once-dominant
Financial markets mostly shrugged Thursday after U.K. Prime Minister Liz Truss said she will resign next week amid a Conservative Party revolt against her leadership. It was a far cry from the market response to the Truss government’s initial fiscal blueprint, which sent the British pound to a record low against the U.S. dollar, prompted
This year has been a horrible one for investors thus far. That said, there’s now opportunity for those who may be looking for retirement stocks to buy in a bear market. Amid a gloomy September inflation report, it appears inflation data have yet to capitulate. This likely means more rate hikes from the Federal Reserve
It’s a scientific reality that people don’t operate well when they are anxious, but it also sets up an intriguing opportunity for sizzling stocks to buy. Essentially, with many investors panicking out of their positions, the dynamic presents discounted opportunities for battle-hardened contrarians. While this framework isn’t an easy one to adopt, it can also
Medicare imposes penalties on people who don’t sign up for the program’s health insurance before enrollment deadlines by charging them higher premiums, often permanently. You can avoid penalties by signing up for Medicare Part D—prescription drug coverage—when you first become eligible. However, not everyone needs Medicare at age 65, and in many cases, a person
It’s hard to even know where to begin when detailing the difficulties surrounding Carvana’s (NYSE:CVNA) stock. First of all, the company has legal issues to deal with in Michigan and Pennsylvania. Additionally, the U.S. Federal Reserve will probably continue to raise interest rates. These difficulties should cause prospective investors to think twice about buying CVNA stock. To
For years, Tesla (TSLA) has been the untouchable king of the global electric vehicle industry. But its subpar third-quarter earnings report proved that’s no longer true – and that other EV stocks are rapidly stealing Tesla’s thunder. Tesla reported quarterly numbers last night. They weren’t very good. Earnings beat, but that was about it. Revenues,
This has been a rough year for stocks. Every time the market has tried to bounce, some fresh news has come out, triggering another selloff. With inflation still running hot and the Federal Reserve set for more rate hikes, investors need to be cautious. That said, with the market down this far, there are some
In this article IBM ALL T NVDA TSLA DDOG KMI Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk looks at a robot display during a tour of the new Tesla Motors auto plant, formerly operated New United Motor Manufacturing Inc. (NUMMI), in Fremont, California, U.S., on Wednesday, Oct. 27, 2010. Bloomberg | Bloomberg | Getty
The cruise industry is working hard to recover from the pandemic, and bookings have been on an upswing lately. The U.S Centers for Disease Control recently lifted Covid 19 related restrictions, which could be a major catalyst in growing bookings in the latter half of the year. Indeed, cruise stocks remain among the highest-leverage plays
Investors should be looking for the top stocks to buy in the current bear market. The chances of finding a good deal increase during hard economic times when there’s blood on the streets. Moreover, the recently released inflation data was far from ideal, significantly increasing the likelihood of an oversized rate hike from the Federal
It’s been the worst year for growth stocks since the great financial crisis of 2008. While 2021 saw big selloffs in weaker companies, 2022 has seen nearly universal selling across the growth stock sector. Many investors are understandably throwing in the towel on growth stocks. After such a bad run, people are rightly questioning many
A Wisconsin taxpayers’ group asked the Supreme Court to block President Joe Biden’s student debt relief program, just days after the application was officially launched. Key Takeaways The BTCA’s Journey The Brown County Taxpayers Association filed a lawsuit earlier this month in Eastern Wisconsin’s Federal District Court against President Biden and U.S. Department of Education
Contrarian investing is not easy, and it certainly takes a great deal of courage. Forbes defines contrarian investing as “holding a viewpoint on the market that is out of favor, and then doing the necessary research to determine if there’s an investment opportunity.” Of course, contrarian investing can also involve buying stocks that the market has
Key Takeaways American Airlines’ load factor came in below analyst predictions. Load factor measures the percentage of seating capacity being filled by paying passengers. It fell sharply in FY 2020 amid the COVID-19 pandemic and related travel restrictions. Earnings and revenue beat expectations by a wide margin. Source: Predictions based on analysts’ consensus from Visible Alpha
JPMorgan (JPM) named Aaron Iovine, the former head of policy and regulatory affairs at bankrupt cryptocurrency lender Celsius Network, to run crypto regulatory policy, less than a month after CEO Jamie Dimon called the asset class “decentralized Ponzi schemes.” What You Need to Know JPMorgan has hired Aaron Iovine as its new head of crypto regulatory policy.
While few investors enjoy suffering red ink on their portfolios as it materializes, the velocity of erosion this year has led to red-hot stocks to snap up. Indeed, last year, many market participants bemoaned that their favorite opportunities became priced into the stratosphere. Now, the volatility presents a time machine of sorts. Fundamentally, the downgrade
[Editor’s note: “Buy Smart to Win Big in ‘The Great EV Consolidation’” was previously published in August 2022. It has since been updated to include the most relevant information available.] A few months ago, electric truck maker Nikola (NKLA) acquired beaten-up electric battery maker Romeo Power (RMO) for $144 million. Ostensibly, that headline seems somewhat
After spiking last week to 7.55%, the 30-year average first retreated about a third of a percentage point, but has now jumped back up to 7.47%. Today’s National Mortgage Rate Averages After registering a 20-year high of 7.55% last Thursday, but then retreating to 7.22% this week, 30-year mortgage rates are back on the rise.
Though electric vehicles may be the future, the market doesn’t see it that way at the moment, with several EV stocks suffering from the current market rout. Nevertheless, astute and daring investors may want to target this sector for speculative (and long-term) acquisitions. With myriad factors affecting this market segment, betting on the electrification of