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A boost in construction equipment sales drove profit higher for Deere in the fourth quarter, but the results fell short of Wall Street expectations and pulled on shares before the opening bell Wednesday. The maker of agricultural and construction equipment reported a 46 percent boost in profit, to $784.8 million, or $2.42 per share. Earnings,
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The pan-European Stoxx 600 was up around 0.3 percent during early morning deals, with most sectors and major bourses in positive territory. Europe’s banking index was among the top performers Wednesday morning, supported by Italy’s notoriously fragile lenders. Banco BPM, Ubi Banca and Intesa Sanpaolo all surged higher amid reports the country’s Deputy Prime Minister,
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Cramer also sounded the alarm on dividend stocks — securities with high yields that investors often flock to when they fear a slowdown. “This strategy of hiding in dividend stocks only works if you’re confident that the dividend itself is safe, that it won’t be cut by management in the not too distant future,” he
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The platform also lets advisors monitor assets that clients hold elsewhere – such as 401(k) accounts – in order to make more accurate financial plans. The platform includes four main parts: portfolio advice, which lets advisors construct portfolios and screen investments; portfolio risk, which helps advisors evaluate the risks changes could bring to a portfolio
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Prudential Financial’s Quincy Krosby has advice for investors: Let the stock market volatility work for you. She’s confident the market’s wild swings will ultimately subside and generate strong upside. “If the sell-off continues and it deepens, it’s going to provide tremendous opportunities as the market settles down,” the firm’s chief market strategist said Monday on
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David Maung | Bloomberg | Getty Images An employee uses a microscope at the Medtronic assembly plant in Tijuana, Mexico. Medical device maker Medtronic posted a better-than-expected quarterly profit on Tuesday, helped by strong performance across all segments. The company’s top-selling cardiac and vascular unit that makes defibrillators, pace-makers, heart valves and stents raked in
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Markets in Europe are expected to follow Asia’s downbeat session, after news emerged that Nissan’s Chairman Carlos Ghosn was arrested yesterday, over allegations concerning financial misconduct. Nissan released a statement on Monday, which said that “over many years” Ghosn and board director, Greg Kelly, had been under-reporting compensation amounts to the Tokyo Stock Exchange securities
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The Trump administration’s mixed messaging on trade with China could result in increased tensions between the United States and the People’s Republic, CNBC’s Jim Cramer said Monday as the major averages endured a technology-led sell-off. After hearing the hard-line stance embraced by Vice President Mike Pence in his Oct. 4 speech at Washington’s Hudson Institute,
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Schlumberger Ltd.: “My charitable trust owns SLB and it owns BP because these have good yields and good balance sheets and I think that oil is not done. I was going back and forth with my colleague today and he said, ‘Listen, you’ve got to be really careful. This is the twilight of fossil.’ And
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Check out the companies making headlines after the bell: Urban Outfitters shares rose over 6 percent during after-hours trading Monday after the retailer beat analysts’ expectations on revenue and earnings. The company reported earnings of 70 cents a share versus an estimate of 62 cents a share. Third-quarter revenue was $974 million, while analysts had
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Student loan borrowers with cancer can now pause their payments. Under the rule, included in a recent bipartisan congressional spending package, borrowers are exempt from student loan payments throughout their treatment for cancer and then for six months afterward. Additionally, interest will not accrue during the postponement. Some cancer patients can rack up an extra
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