Dish Network Corp Chairman Charlie Ergen testified on Wednesday that the Justice Department’s antitrust chief advised him on June 10 to ask a senator to speak to the Federal Communications Commission about approving a key piece of the merger of wireless carriers T-Mobile and Sprint .
A division of SNC-Lavalin Group Inc pleaded guilty to one fraud charge and will pay a C$280 million fine related to projects in Libya, the company said on Wednesday, in a case that engulfed Canadian Prime Minister Justin Trudeau’s government in crisis.
The U.S. Securities and Exchange Commission on Wednesday proposed changes to its decades-old definition of a professional investor in order to allow more Americans to buy shares in private companies.
U.S. homesharing site Airbnb will get a better idea of how it should be labeled when Europe’s top court rules on Thursday on the tricky question of whether it is an online booking service or a real estate agent subject to onerous rules.
(Bloomberg) — Boeing Co. got downgraded by Moody’s Investors Service as the grounding of the 737 Max plane extends into next year, jeopardizing the company’s financial future.Moody’s cut Boeing one level to A3, four levels above speculative grade, noting the uncertainty around when the company’s best-selling aircraft will return to service, analyst Jonathan Root said in a report Wednesday. The suspension will increase Boeing’s program costs as well as airlines’ and lessors’ claims for compensation, not to mention a potentially more lasting reputational risk, Root said.Boeing plans to halt production next month of the 737 Max, which has been grounded …read more […]
High-quality stocks with a high valuation rank, a new GuruFocus rank Continue reading… …read more […]
On Wednesday, Bank of America released its most recent streaming survey, which was predominantly focused on on Netflix subscriber intentions following the Disney+ launch. Among the top takeaways was that overall cancellation intention for Netflix is down slightly to 4% versus 5%, suggesting limited Disney impact. Nat Schindler, Bank of America Director of Equity Research, joined The Final Round to discuss. …read more […]
Micron’s first quarter results were in-line with estimates and revenue slightly above expectations. Micron sees its second quarter guidance EPS at 35 cents per share, while analysts were calling for 40 cents per share. Yahoo Finance’s Myles Udland, Jen Rogers and Dan Roberts discuss on The Final Round. …read more […]
The dollar gained on Wednesday as improving economic data squashed the likelihood of a Federal Reserve interest rate cut in 2020, while a rally in global equity markets wavered as financials shares slipped.
(Bloomberg) — Micron Technology Inc. gave a strong forecast for the current quarter, adding to optimism that demand for memory chips is rebounding.Revenue will be $4.5 billion to $4.8 billion in the fiscal second quarter, Micron said in a statement. Analysts had projected $4.76 billion, according to data compiled by Bloomberg. Adjusted earnings will be 35 cents a share, plus or minus 6 cents. Analysts estimated 40 cents a share on average.Wall Street has been predicting a recovery in demand and expects the market for computer and smartphone components will return to growth in the second half of next year. …read more […]
Kinder Morgan (NYSE: KMI) is one of the more popular pipeline companies with investors.
The stock pays a $0.25 per share quarterly dividend, which comes out to a 5% yield.
Kinder Morgan has 84,000 miles of oil and gas pipelines and 157 terminals.
The company generates plenty of cash flow. Cash available for distribution (CAD) is the measure of cash flow used by pipeline companies, and Kinder Morgan’s CAD has been growing over the past few years, albeit slowly.
In 2019 and 2020, CAD is forecast to grow 3% each year. It is forecast to be $4.87 billion this year and $5.03 billion in …read more […]
The S&P 500 was little changed on Wednesday, hovering around all-time highs, as investors’ optimism about global economic growth was countered by a steep drop in FedEx Corp shares.
The U.S. Securities and Exchange Commission (SEC) said on Wednesday that MetLife Inc. has agreed to pay $10 million to settle securities violations.
Managing expectations is never easy – especially when it comes to Wall Street.
And when it comes to WaltDisney (NYSE: DIS), the plot thickens even more.
You see, Disney stock zoomed higher back in November when the company released its new Disney Plus streaming service. And then, the upside continued when Frozen II exceeded box-office receipts.
Add it all up, and Disney is up 34% over the last 52 weeks, which is outpacing the 27% gain of the S&P 500.
But now it could be setting up for a disappointment, which is why I’m bringing it to your attention in today’s Trade of the …read more […]
It’s a question of investing with borrowed money Continue reading… …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
