7 Stocks Goldman Sachs Thinks Are Set to Rip Higher

7 Stocks Goldman Sachs Thinks Are Set to Rip HigherWith the market in gridlock, Goldman Sachs has identified 30 stocks with big upside potential. Goldman says trade tensions and rate decisions “[have] made the environment difficult for stock pickers.” But don’t panic! For the best alpha generation opportunities, the firm recommends picking stocks that are more correlated with company specifics rather than general market forces. As a result, all the stocks here have a “Strong Buy” Street consensus rating based only on the last three months.

Could the Chevy Impala be the next American sedan to go?

Could the Chevy Impala be the next American sedan to go?Ford’s announcement that it will stop investing in its lineup of sedans in North America and instead fill out its portfolio with more trucks, SUVs and commercial vehicles raises the question of what crosstown rival GM will do with its own fleet of cars. Or maybe, when it will do it. And by “it,” we don’t mean, “invest heavily in a new generation.”

Altria Group Inc (MO) Stock Hangs On for Another Quarter

Altria Group Inc (MO) Stock Hangs On for Another QuarterAfter Philip Morris International Inc. (NYSE:PM) delivered disappointing first quarter numbers last week, Altria Group Inc (NYSE:MO) shareholders were tacitly waiting to hear their serving of quarterly bad news on Thursday morning. Altria’s gotten very, very good at keeping more and more plates spinning though, shrugging off a smoking cessation movement that’s just never going to go away. For the quarter ending in March, Altria earned an operating profit of 95 cents per share on revenue of $6.1 billion, up from a year-earlier top line of just a bit less than $6.1 billion, when it posted a profit of only 73 cents per share.

Cohen Prosecutors Accept Neutral Review, Using Trump’s Words

Cohen Prosecutors Accept Neutral Review, Using Trump's WordsProsecutors probing President Donald Trump’s lawyer said they are prepared to use a neutral outsider to review documents seized this month from the home and office of Michael Cohen, an about-face from the government’s initial plan to scrutinize the documents itself. In a five-page letter to the judge Thursday, prosecutors also used the president’s own words from two hours earlier to argue that the special master’s document review could move swiftly. Trump said on the Fox News program “Fox & Friends” that Cohen was responsible for only “a tiny, tiny little fraction” of his legal work.

Altria: 1Q Earnings Snapshot

The Richmond, Virginia-based company said it had net income of $1 per share. Earnings, adjusted for non-recurring gains, came to 95 cents per share. The results exceeded Wall Street expectations. The average …

Teva to reduce size of board after June shareholders meeting

Teva to reduce size of board after June shareholders meetingThree directors are stepping down from the board at Teva Pharmaceutical Industries (TEVA.TA) (TEVA.N) and only one new director is being nominated to replace them, the company said on Thursday. Israel-based Teva, the world’s largest generic drugmaker, is in the midst of an overhaul to deal with the $35 billion of debt it amassed after buying Allergan’s Actavis generic drug business for $40.5 billion in 2016. Analysts and investors have criticized the company’s management and board of directors for overpaying for this deal.

'No Wrongdoing' on 1MDB Scandal, Malaysia’s P.M. Says

'No Wrongdoing' on 1MDB Scandal, Malaysia’s P.M. SaysApr.25 — Ahead of May 9 election, Malaysian Prime Minister Najib Razak sat down with Bloomberg News Asia Editor Shamim Adam. In an exclusive interview, he says the opposition party’s agenda was behind what became one of the world’s biggest financial scandal. He was also contrite that there should have been a tighter supervision.

AT&T Inc. Shares Slide on Q1 Earnings Miss

AT&T Inc. Shares Slide on Q1 Earnings MissAT&T Inc. (NYSE:T) posted its latest quarterly earnings results after hours Wednesday, which missed analysts’ expectations. Its revenue tallied up to $38.04 billion, below the $39.31 billion that analysts were projecting in their consensus estimate. AT&T added 187,000 linear video subscribers during the period, while AT&T added 312,000 subscribers to its streaming service DirecTV Now.

AT&T profit misses Wall Street forecasts as pay-TV business lags

AT&T profit misses Wall Street forecasts as pay-TV business lagsThe company has been relying on promotions and discounts to stabilize its wireless and pay-TV subscriber numbers, which have taken a toll on its margins, New Street Research analyst Jonathan Chaplin said in an interview. AT&T is fighting the U.S Department of Justice in court to complete its $85.4 billion takeover of Time Warner Inc (TWX.N), which it has called necessary for it to compete for advertising dollars and in an industry increasingly dependent on content. Chaplin said AT&T’s entertainment business performed worse than he expected in the quarter, coming in 4.5 percent lower than his forecast.

Ford unveils $11.5bn extra cost-cuts in bid to kick-start turnaround

Ford unveils $11.5bn extra cost-cuts in bid to kick-start turnaroundFord is slashing an extra $11.5bn (£8.3bn) in costs through to 2021 on top of the $14bn it had already announced, and signalled it may be looking to sell operations in Europe, as it seeks to kickstart a turnaround.  The car maker expects its annual capital expenditure to peak this year at $7.5bn, and then will be cutting costs across engineering, marketing, manufacturing and sales between 2019 and 2022, saving a total of $25.5bn.  Ford said it would “not invest in next generations of traditional Ford sedans for North America”, and instead would be transitioning towards only selling two models of cars in the region – the Mustang and a new Focus Active crossover, which is coming out next year. It said around 90pc of its portfolio in North America will be trucks, utilities and commercial vehicles by 2020.   Through paring back its portfolio and cost-cutting Ford said it should be able to reach its 8pc profit margin two years earlier than initially planned, by 2020. In the first quarter of 2018, Ford’s profit margin dipped to 5.2pc from 6.4pc a year earlier, as it was squeezed by higher aluminium and steel prices.  Chief financial officer Robert Shanks said: “We are undergoing a profound transformation and are committed to taking decisive action. “Everything will be on the table. We can make different investments, we can partner, we can exit products, markets – and we will do that.” According to The New York Times, Mr Shanks told reporters Ford was considering exiting or selling operations in Europe and South America.  The news that Ford is making further cuts, just one month after laying out earlier plans, comes amid mounting pressure for the car maker to stage a turnaround. Last year it announced a raft of job cuts across its North American and Asia Pacific businesses, but it has still not managed to stage a recovery. Morgan Stanley analyst Adam Jonas last month said: “Investors lack confidence in Ford’s ability to address chronically loss-making businesses and its potential to pivot into areas of growth. Our discussions with investors suggest low confidence in Ford’s earnings visibility and strategic vision.”

Advanced Micro Devices, Inc. Crushed Analysts’ Q1 Expectations

Advanced Micro Devices, Inc. Crushed Analysts’ Q1 ExpectationsAdvanced Micro Devices, Inc. (NASDAQ:AMD) saw its shares soar after the company unveiled its latest quarterly earnings results. Advanced Micro Devices saw its revenue increase by 40% compared to the year-ago quarter, thanks in part to its Computing and Graphics Business Segment, which soared 95% year-over-year to $1.12 billion.  The company’s Enterprise, Embedded and Semi-Custom segment declined 12% compared to the year-ago quarter to $532 million, due in part to its semi-custom revenue falling. “The first quarter was an outstanding start to 2018 with 40 percent year-over-year revenue growth,” said Lisa Su, AMD’s president and CEO, in a press release.

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