Patrick Kaser, managing director and portfolio manager at Brandywine Global, believes free cash flow is a key determining factor in whether or not a company will be a lucrative investment. Earnings, however, are not always indicative of a successful company. “There are many ways to manipulate earnings, earnings per share, GAAP, non-GAAP, but there’s very […]
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As America gets set to celebrate its 242nd birthday with multi-colored fireworks bursting in air, the suppliers of those pyrotechnics are starting to worry about whether they’ll get stuck in the middle of a trade war. So far, the Trump administration has not included the $1.24 billion fireworks industry on its list of China tariff […]
Read moreSAN FRANCISCO — Get in the car, kids. It’s time to see the Fourth of July drone show. Towns in California, Colorado and Arizona — facing another season of drought and wildfire — are turning to drone shows as a less dangerous alternative to organized fireworks, encouraged by the development of jaw-dropping, choreographed shows like […]
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As the rest of the stock market has struggled on heightened trade rhetoric and many big technology companies have faced regulatory scrutiny over data privacy issues, one subsector of that industry has been on fire: cybersecurity. One of the cybersecurity industry’s most popular exchange-traded funds, the ETFMG Prime Cyber Security ETF (HACK), is up 18 […]
Read moreGoogle Cloud chief operating officer Diane Bryant has left the company after less than a year. “We are grateful for the contributions she made while at Google and we wish her the best in her next pursuit,” a spokesperson said in a statement. Before joining Google in late November 2017, Bryant spent more than 25 […]
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Oil prices will rise more than previously expected in the second half of 2018, as the Trump administration aims to wipe out Iranian crude exports by November, Morgan Stanley forecasts. The tougher-than-anticipated U.S. policy means Iran’s production could fall by 1.1 million barrels per day (bpd) at a time of high oil demand. The bank […]
Read morePepsiCo’s profitability will suffer due to commodity price inflation this year, according to Deutsche Bank. The firm lowered its rating on PepsiCo shares to hold from buy, predicting the company will report earnings below expectations this year. Analyst Steve Powers reduced his earnings per share forecast for PepsiCo’s fiscal 2018 to $5.62 from $5.69 versus […]
Read moreJosh Edelson | AFP | Getty Images Apple CEO Tim Cook speaks at Apple’s Worldwide Developer Conference (WWDC) at the San Jose Convention Center in San Jose, California on Monday, June 4, 2018. There’s an easy way to find every Apple iPhone app you’ve ever downloaded or paid for. This is useful in case you’ve […]
Read moreFinancial stocks were thought to be the market’s darlings at the beginning of 2018, as a marriage between the Trump administration’s deregulation efforts and an increasingly hawkish Federal Reserve should have created the sector’s picture-perfect environment. The price action couldn’t have been more different. Financials badly underperformed the broader market in the first half of […]
Read moreNow that Amazon has snapped up internet pharmacy PillPack for around $1 billion in cash, how long will it take before consumers can rely on the e-commerce giant for their medicines, as they do for groceries, clothing, books and pretty much everything else? And what will Amazon’s strategy be once the deal closes this year? […]
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