Investing

Lockheed Martin delivered the best conference call to its shareholders out of the defense sector, CNBC’s Jim Cramer said Friday. The largest military contractor in the world, the Bethesda, Maryland-based manufacturer trounced analyst expectations on earnings per share, $5.99 versus $4.34, and revenue, $14.3 billion versus $12.6 billion. Raytheon, a major contractor for the U.S.,
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Renault said first-quarter revenue fell 4.8 percent, weighed down by currency setbacks and the French carmaker’s withdrawal from Iran last year. Revenue fell to 12.527 billion euros ($13.95 billion) for January-March from 13.155 billion a year earlier, the company said on Friday. On a like-for-like basis excluding currency effects, the decline would have been 2.7
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CNBC’s Jim Cramer on Wednesday said too many Wall Street watchers assumed that businesses’ first quarter earnings results would be horrid and now the stock market is rallying on companies besting expectations. Analysts based their 2019 predictions on the Federal Reserve-induced fourth-quarter sell-off and prolonged U.S.-China trade war, but never revised their outlooks as the
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Tesla is expected to report first-quarter earnings after the markets close Wednesday in the company’s first report after losing a valuable tax credit for its buyers on Jan. 1. Here’s what analysts are expecting, based on average estimates compiles by Refinitiv: Loss per share: 69 cents Revenue: $5.19 billion The company previously warned that first-quarter
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President Donald Trump could be facing a “cruel summer” when it comes to crude oil prices, says RBC’s Helima Croft. Oil prices surged to nearly six-month highs after the Trump administration said Monday that it would end a waiver program that allowed certain countries to purchase oil from Iran. The move, ostensibly aimed at driving
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Japanese billionaire Masayoshi Son, the founder of conglomerate SoftBank, personally lost over $130 million when he sold his position in bitcoin, the Wall Street Journal reported on Tuesday. Son made the investment in late 2017 the report said, near the digital currency’s record high near $20,000 in December of that year. Bitcoin has traded around
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Exchange-traded funds are getting a revamp at Goldman Sachs. The big bank has doubled down on a concept called smart beta, which blends passive and active investing strategies to build portfolios based on non-traditional metrics. At Goldman, the strategy is branded as ActiveBeta and revolves around four factors: value, quality, momentum and low volatility. “We
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