Finance

Valeant cuts 2016 revenue forecast

Shares of Valeant Pharmaceuticals tumbled on Tuesday after the company cut its 2016 revenue forecast by about 12 percent and said a delay in filing its annual report could pose a debt default risk. The stock closed down more than 51 percent on Tuesday. One of its big investors, Bill Ackman, said he is still confident in Valeant and he ... Read More »

Cramer: You could have avoided Valeant’s disaster

One look at the action on Valeant’s stock on Tuesday, and now investors understand why Jim Cramer preaches that when the words “accounting irregularity” are associated with a company, that always means sell. Investors repeatedly assured Cramer that Valeant’s cash flow was so strong he didn’t have to pay attention to the decline in the stock because it was all ... Read More »

Some Bakken drillers see greener pastures elsewhere

In recent years, North Dakota’s Bakken formation was synonymous with boom times. Crude production grew 10 times over, unemployment fell to a national low, and the state budget more than doubled as North Dakota’s coffers grew fat on severance and sales tax income. But with crude prices down more than 70 percent at their recent bottom, some of the drillers ... Read More »

Jamie Dimon the stock picker?

It was one month ago—Feb 11—that the market bottomed. One factor was likely JPMorgan CEO Jamie Dimon’s announcement that day that he had purchased $26.5 million of JPM stock. The buying was at four different prices, but the average price was roughly $53.18. With JPM stock hovering near $59 today, that’s a gain of 10.8 percent, slightly outperforming the S&P’s ... Read More »

Tired of rising rent? Maybe you should consider becoming a landlord

The stock market is looking wobbly. Bonds are paying you about what you’re losing to inflation. And the rest of the investment landscape is about as reliable as the latest presidential candidate poll. So if you’re wondering how to get ahead, let alone keep up with your rising monthly rent payment, take a look at where some investors are generating ... Read More »

Three Small Business IT Security Solutions You May Not Have Considered

Everyone by now is well aware that IT networks are subject to various cyber threats, and small and medium size businesses (SMBs) must protect against them just as larger enterprises do. But these threats are not limited to the online world. SMBs also have to protect the IT equipment itself from physical dangers. Here are three ways that SMBs can ... Read More »

Some,Bakken,drillers,see,greener,pastures,elsewhere

In recent years, North Dakota’s Bakken formation was synonymous with boom times. Crude production grew 10 times over, unemployment fell to a national low, and the state budget more than doubled as North Dakota’s coffers grew fat on severance and sales tax income. But with crude prices down more than 70 percent at their recent bottom, some of the drillers ... Read More »

Cramer Remix: This stock will be up big

The European Central Bank’s attempts to stimulate Europe’s economy sent markets on a wild ride Thursday morning, with investors first frantically trying to buy anything they could and then sending stocks sliding as the day wore on. Jim Cramer shared some lessons learned from this event. “Stop being a herd animal. Don’t chase. You will likely lose money, especially when ... Read More »

Early movers: GIS, VRX, CRWN, EXPR, DRI, LL, CBS, ROST, CMG & more

Check out which companies are making headlines before the bell: General Mills — The cereal maker announced a quarterly dividend increase of five percent, from 46 cents per share from 44 cents. Separately, General Mills announced the election of Kimberly-ClarkChief Financial Officer Maria Henry to its board of directors. Valeant Pharmaceuticals — The drug maker has appointed three new independent ... Read More »

Don’t chase the emerging market rally yet: UBS strategist

Emerging market equities are outperforming stocks in developed economies this year, but the trend could be short lived, Geoff Dennis, head of global emerging market equity strategy at UBS, warned on Wednesday. Since late January, emerging market stocks have rallied about 15 percent as the dollar has weakened and commodity prices have rebounded, Dennis noted. But UBS is not expecting ... Read More »