Month: February 2019

Amazon’s (NASDAQ: AMZN) margins have increased rapidly in the past few quarters, causing analysts’ earnings-per-share estimates for AMZN to rise. Over the last year, analysts following Amazon stock have increased their EPS estimates for two fiscal years into the future from less than $16 to $56. The company’s margins should rise further as the revenue share of
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Proposed Barrick Gold Deal Barrick Gold, the world’s largest gold producer, offered to buy U.S. rival Newmont for nearly $18 billion in all-stock transaction. Under the proposed deal, Newmont shareholders would receive 2.5694 Barrick shares per Newmont share. Barrick shareholders will own roughly 55.9% and Newmont shareholders will own around 44.1% of the combined entity.
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Wall Street loves to use acronyms to group together stocks to buy through a common theme. The most famous of these acronyms is FANG, or Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL). FANG was coined by Jim Cramer in 2013 to represent the future of the digital economy through the world’s four
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The Dow Jones Industrial Average dipped  80 points as UnitedHealth underperformed. The S&P 500 dipped 0.5 percent, led lower by the communications services and tech sectors. The Nasdaq Composite pulled back 0.7 percent. Facebook, Amazon, Netflix and Alphabet all traded down. The VanEck Vectors Semiconductor ETF (SMH) fell 1.1 percent. Micron was one of the
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Federal Reserve Chairman Jerome Powell sidestepped a verbal hand grenade in his Congressional testimony on Tuesday. Sen. John Kennedy, R-LA, asked Powell where he stood on recent trial balloons to restrict the ability of corporations to buy back stock. Powell reflected for a moment and said that the allocation of capital has always been left
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