Monthly Archives: June 2018

Saudi women are driving men for Uber’s Mideast rival

If you order a taxi anywhere in the world, chances are you’ll get a male driver.

Careem the Middle East’s answer to Uber is aiming to change that in one of the most conservative societies in the world by recruiting Saudi women to take the wheel after a female driving ban was lifted on Sunday.

Careem has received over 2,000 applications since announcing it would recruit....More>>>

Key Stocks in the Defense Sector: Cramer’s Off the Charts

In a market fraught with increased volatility and puzzling responses to strong earnings reports, it’s becoming harder to know where to put money to work.

In his “Off the Charts” segment on Mad Money Tuesday night, Jim Cramer checked in with Bob Moreno, publisher of RightViewTrading.com and a contributor to Real Money, to get a better sense of one sector that is seeing growing....More>>>

New Buy Alert: Index Fund Orphans

Lonely, neglected and forgotten.

Nobody wants them even though there’s absolutely nothing wrong with them.

The only problem is that they are not fortunate enough to be in the popular club. They are stuck on the outside looking in.

I’m referring to the publicly traded companies that are not included as part of the major stock indices, in particular the S&P 500.

The....More>>>

Sunny days for the economy can’t last forever

1. It’s getting late: The recovery from the Great Recession is already one of the longest economic expansions in American history.

And recently the economic cycle has gone from humming along to booming. Unemployment is down to a 17-year low, small business sentiment is roaring, and economic growth hit the 3% mark twice last year.

But economic expansions don’t last forever.....More>>>

U.S.-China trade scorecard: advantage China

When President Trump meets with Chinese President Xi Jinping this week, he will remind his guest that China runs the largest trade surplus with the United States, and that persistent pattern has led to the mass exodus of American jobs in the last decade.

U.S. industries from textiles and electronics to agriculture and construction equipmenthave flocked to China in recent years, partnering....More>>>

Facebook steps up fake news fight with ‘Related Articles’

Facebook is continuing its quest to crack down on fake news.

The social network on Thursday began rolling out “Related Articles” that provide additional perspectives and information on stories shared on News Feeds.

These articles will appear below the link for topics many users are talking about on Facebook (FB, Tech30). They will also include articles fact-checked....More>>>

Editas Medicine (EDIT) Expected to Announce Earnings of -$0.69 Per Share

Wall Street analysts predict that Editas Medicine (NASDAQ:EDIT) will post earnings per share of ($0.69) for the current quarter, Zacks reports. Three analysts have provided estimates for Editas Medicine’s earnings, with the lowest EPS estimate coming in at ($0.74) and the highest estimate coming in at ($0.63). Editas Medicine reported earnings per share of ($0.65) during the same quarter last....More>>>

ValueAct gives all-clear signal on banks with $1.2 billion Citi stake

Big U.S. banks have lower risk and greater structural advantages than at any time in decades, ValueAct Capital Partners wrote in an investor letter explaining why it took a $1.2 billion stake in Citigroup this year.

ValueAct, led by co-founder Jeffrey Ubben, said Monday that the financial industry is poised for a rebound like other formerly out-of-vogue sectors such as software firms after....More>>>

W. P. Carey to Exit Nontraded REIT Business

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W. P. Carey (WPC) said Thursday that its will cease new non-traded REIT activities, now carried out by Carey Financial. Instead, the company will focus on net-lease real estate investing.

“W. P. Carey’s....More>>>

What to Expect From Barracuda Networks Earnings

Barracuda Networks Inc. (NYSE: CUDA) is scheduled to release its fiscal second-quarter financial results after the markets close on Tuesday. Thomson Reuters consensus estimates are calling for $0.13 in earnings per share (EPS) on $85.27 million in revenue. In the same period oflast year,Barracuda Networksposted EPS of$0.10 and$78.37 million in revenue.

Earlier this year, the company was recognized....More>>>