Goldman Sachs is not expecting oil to rally despite the US tightening sanctions on Iran

Goldman Sachs expects the United States’ decision to end exemptions from sanctions for countries still buying oil from Iran to have a limited impact on crude prices, even though the timing is likely to have caught energy market participants by surprise. “While we acknowledge the near-term upside price risks, we reiterate our fundamentally derived Brent price trading range of $70-75 per barrel for the second quarter of 2019,” the U.S. investment bank said in a research note published Monday, Reut


Goldman Sachs expects the United States’ decision to end exemptions from sanctions for countries still buying oil from Iran to have a limited impact on crude prices, even though the timing is likely to have caught energy market participants by surprise. “While we acknowledge the near-term upside price risks, we reiterate our fundamentally derived Brent price trading range of $70-75 per barrel for the second quarter of 2019,” the U.S. investment bank said in a research note published Monday, Reut
Goldman Sachs is not expecting oil to rally despite the US tightening sanctions on Iran Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: sam meredith, raheb homavandi
Keywords: news, cnbc, companies, iranian, goldman, rally, waivers, sachs, tightening, worlds, oil, expecting, iran, despite, price, facing, crude, buying, upside, economies, sanctions


Goldman Sachs is not expecting oil to rally despite the US tightening sanctions on Iran

Goldman Sachs expects the United States’ decision to end exemptions from sanctions for countries still buying oil from Iran to have a limited impact on crude prices, even though the timing is likely to have caught energy market participants by surprise.

“While we acknowledge the near-term upside price risks, we reiterate our fundamentally derived Brent price trading range of $70-75 per barrel for the second quarter of 2019,” the U.S. investment bank said in a research note published Monday, Reuters reported.

The world’s largest economy said Monday that from May 1, it would eliminate all waivers allowing eight economies to buy Iranian oil without facing U.S. sanctions.

These eight economies that were initially allowed to continue buying Iranian crude without facing penalties include: China, India, Japan, Turkey, Italy, Greece, South Korea and Taiwan.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: sam meredith, raheb homavandi
Keywords: news, cnbc, companies, iranian, goldman, rally, waivers, sachs, tightening, worlds, oil, expecting, iran, despite, price, facing, crude, buying, upside, economies, sanctions


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Walgreens to raise tobacco buying age to 21 in September amid FDA pressure

The FDA put Walgreens “on notice” in February, accusing the pharmacy chain of violating rules that prohibit selling cigarettes and other tobacco products to underage buyers. Walgreens, the FDA noted, is currently the top violator among pharmacies that sell tobacco products. Some 22 percent of Walgreens locations inspected by the agency caught employees illegally selling tobacco products to minors, the FDA said. Starting Sept. 1, it will require customers to be at least 21 years old in order to b


The FDA put Walgreens “on notice” in February, accusing the pharmacy chain of violating rules that prohibit selling cigarettes and other tobacco products to underage buyers. Walgreens, the FDA noted, is currently the top violator among pharmacies that sell tobacco products. Some 22 percent of Walgreens locations inspected by the agency caught employees illegally selling tobacco products to minors, the FDA said. Starting Sept. 1, it will require customers to be at least 21 years old in order to b
Walgreens to raise tobacco buying age to 21 in September amid FDA pressure Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: angelica lavito, christopher dilts, bloomberg, getty images
Keywords: news, cnbc, companies, selling, buying, pressure, fda, age, 21, raise, walgreens, products, cigarettes, tobacco, buy, amid, policies


Walgreens to raise tobacco buying age to 21 in September amid FDA pressure

Walgreens is increasing the age to buy tobacco at its drugstores to 21 later this year as the retailer faces possible sanctions from the Food and Drug Administration for allegedly selling to minors.

The FDA put Walgreens “on notice” in February, accusing the pharmacy chain of violating rules that prohibit selling cigarettes and other tobacco products to underage buyers. Walgreens, the FDA noted, is currently the top violator among pharmacies that sell tobacco products. Some 22 percent of Walgreens locations inspected by the agency caught employees illegally selling tobacco products to minors, the FDA said.

Walgreens has tightened its policies in response. Starting Sept. 1, it will require customers to be at least 21 years old in order to buy tobacco products.

For more on investing in health-care innovation, click here to join CNBC at our Healthy Returns Summit in New York City on May 21.

“We’ve seen positive results from other recent efforts to strengthen our policies related to tobacco sales, and believe this next step can be even more impactful to reduce its use among teens and young adults,” Richard Ashworth, Walgreens president of operations, said in a statement.

A dozen states have already raised the minimum buying age and a handful of others are exploring similar action. Senate Majority Leader Mitch McConnell last week said he would introduce federal legislation sometime next month, marking the strongest support yet in Congress for what’s been dubbed “T21.”

CVS Health stopped selling tobacco products in 2014. Walgreens has tested a few tobacco-free stores but has stuck behind giving consumers the option to buy cigarettes, e-cigarettes and other products if they choose.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: angelica lavito, christopher dilts, bloomberg, getty images
Keywords: news, cnbc, companies, selling, buying, pressure, fda, age, 21, raise, walgreens, products, cigarettes, tobacco, buy, amid, policies


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10 of the best places to buy a home instead of renting

More Americans are renting than at any point in the past 50 years, thanks in part to rising home prices. But there are a few parts of the country where it might make more financial sense to buy. Overall, the report concludes, it’s still more expensive to buy than rent in most parts of the country — and, in fact, rising home prices are outpacing rent increases, which could induce even more prospective buyers to keep renting instead. Homes in these areas cost, on average, $120,000, or 60% less tha


More Americans are renting than at any point in the past 50 years, thanks in part to rising home prices. But there are a few parts of the country where it might make more financial sense to buy. Overall, the report concludes, it’s still more expensive to buy than rent in most parts of the country — and, in fact, rising home prices are outpacing rent increases, which could induce even more prospective buyers to keep renting instead. Homes in these areas cost, on average, $120,000, or 60% less tha
10 of the best places to buy a home instead of renting Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: alicia adamczyk
Keywords: news, cnbc, companies, buying, report, rising, rent, instead, monthly, past, places, renting, country, prices, median, best, buy


10 of the best places to buy a home instead of renting

More Americans are renting than at any point in the past 50 years, thanks in part to rising home prices. But there are a few parts of the country where it might make more financial sense to buy.

“The monthly costs of buying a home are cheaper than renting in 20% of counties” with populations over 100,000, according to Realtor.com’s Q1 2019 Rent vs. Buy report, which compared the monthly median costs of both to the median incomes of people in 3,143 U.S. counties.

Overall, the report concludes, it’s still more expensive to buy than rent in most parts of the country — and, in fact, rising home prices are outpacing rent increases, which could induce even more prospective buyers to keep renting instead. The median-priced home’s monthly cost increased 6% from last year to $1,593, compared to a 4% increase in rent to $1,319 per month.

But that isn’t the case everywhere. Below are 10 of the largest counties in the country, many in the Midwest and the South, where buying a home can actually be the better deal. Homes in these areas cost, on average, $120,000, or 60% less than the national median of $300,000, per the report.

Realtor.com also notes that, over the past year, prices increased in all of these places except Bay County, Michigan, so even here, buying may not be better for long.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: alicia adamczyk
Keywords: news, cnbc, companies, buying, report, rising, rent, instead, monthly, past, places, renting, country, prices, median, best, buy


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Pinterest and Zoom have had exciting IPOs—here’s what to know if you’re thinking of investing

Image-sharing platform Pinterest and videoconferencing company Zoom are two of a handful of big-name tech companies that went public or plan to go public this year. Ride-hailing app Lyft listed earlier this year, while Uber is planning its IPO for later this spring. If you’re interested in buying stock in one of these companies, experts urge caution. Lyft is a good case study of why it can be smart to sit out an initial public offering, Arielle O’Shea, NerdWallet’s investing and retirement speci


Image-sharing platform Pinterest and videoconferencing company Zoom are two of a handful of big-name tech companies that went public or plan to go public this year. Ride-hailing app Lyft listed earlier this year, while Uber is planning its IPO for later this spring. If you’re interested in buying stock in one of these companies, experts urge caution. Lyft is a good case study of why it can be smart to sit out an initial public offering, Arielle O’Shea, NerdWallet’s investing and retirement speci
Pinterest and Zoom have had exciting IPOs—here’s what to know if you’re thinking of investing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: alicia adamczyk, rich polk, getty images, -arielle oshea, investing, retirement specialist
Keywords: news, cnbc, companies, went, companies, ipo, investing, good, pinterest, youre, waiting, exciting, buying, zoom, know, iposheres, public, weeks, thinking


Pinterest and Zoom have had exciting IPOs—here's what to know if you're thinking of investing

Image-sharing platform Pinterest and videoconferencing company Zoom are two of a handful of big-name tech companies that went public or plan to go public this year. Ride-hailing app Lyft listed earlier this year, while Uber is planning its IPO for later this spring.

If you’re interested in buying stock in one of these companies, experts urge caution. For starters, they suggest waiting a few months for their price to settle.

Lyft is a good case study of why it can be smart to sit out an initial public offering, Arielle O’Shea, NerdWallet’s investing and retirement specialist, tells CNBC Make It. The company’s shares are down around 20% since its IPO, highlighting the volatility that often follows a public offering.

“If you had waited just a few weeks, you would be buying at quite a discount, so that’s a good illustration of what can happen if you act too fast,” she says. “The average investor should tread carefully around an IPO.”


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: alicia adamczyk, rich polk, getty images, -arielle oshea, investing, retirement specialist
Keywords: news, cnbc, companies, went, companies, ipo, investing, good, pinterest, youre, waiting, exciting, buying, zoom, know, iposheres, public, weeks, thinking


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Wealth manager: Buying a home is ‘usually a terrible investment’—here’s why

“In reality, it’s usually a terrible investment,” he says. That’s because, at the end of the day, owning a home takes money out of your pocket: “You’re paying property taxes, you’re paying maintenance, you’re paying insurance. There are all of these other things that happen with your home that you’ve got to pay for.” Young homeowners in particular have figured that out the hard way: Underestimating the hidden costs is the No. Over time, your home might increase in value, Mallouk says, but it pro


“In reality, it’s usually a terrible investment,” he says. That’s because, at the end of the day, owning a home takes money out of your pocket: “You’re paying property taxes, you’re paying maintenance, you’re paying insurance. There are all of these other things that happen with your home that you’ve got to pay for.” Young homeowners in particular have figured that out the hard way: Underestimating the hidden costs is the No. Over time, your home might increase in value, Mallouk says, but it pro
Wealth manager: Buying a home is ‘usually a terrible investment’—here’s why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: kathleen elkins
Keywords: news, cnbc, companies, investment, paying, youre, value, mallouk, youd, money, end, costs, wealth, manager, buying, investmentheres, thats, usually, terrible


Wealth manager: Buying a home is 'usually a terrible investment'—here's why

A lot of people will tell you that buying a home is a good investment, but “that couldn’t be further from the truth,” says Peter Mallouk, a certified financial planner and president of wealth management firm Creative Planning.

“In reality, it’s usually a terrible investment,” he says. That’s because, at the end of the day, owning a home takes money out of your pocket: “You’re paying property taxes, you’re paying maintenance, you’re paying insurance. There are all of these other things that happen with your home that you’ve got to pay for.”

Young homeowners in particular have figured that out the hard way: Underestimating the hidden costs is the No. 1 reason millennials who do own homes have regrets.

Over time, your home might increase in value, Mallouk says, but it probably won’t appreciate enough to offset all of the costs. Instead, if you took what you’d save from not buying a house and invested it in something that’s likely to grow in value, such as stocks and bonds, chances are you’d end up with more money in the long term.


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: kathleen elkins
Keywords: news, cnbc, companies, investment, paying, youre, value, mallouk, youd, money, end, costs, wealth, manager, buying, investmentheres, thats, usually, terrible


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Sen. Majority Leader McConnell to introduce bill to raise the minimum age to buy tobacco to 21

In 2018, the number of high school students using tobacco products increased by about 38%, the CDC found in its annual National Youth Tobacco Survey. In response, local and state governments have pushed up the age to buy tobacco products to 21. A dozen states have already raised the minimum buying age and New York and Maryland are expected to join them soon. Lawmakers in McConnell’s home state of Kentucky rejected a state bill earlier this year to raise the minimum buying age. Tobacco giants Alt


In 2018, the number of high school students using tobacco products increased by about 38%, the CDC found in its annual National Youth Tobacco Survey. In response, local and state governments have pushed up the age to buy tobacco products to 21. A dozen states have already raised the minimum buying age and New York and Maryland are expected to join them soon. Lawmakers in McConnell’s home state of Kentucky rejected a state bill earlier this year to raise the minimum buying age. Tobacco giants Alt
Sen. Majority Leader McConnell to introduce bill to raise the minimum age to buy tobacco to 21 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: angelica lavito, joshua roberts
Keywords: news, cnbc, companies, mcconnell, minimum, bill, altria, 21, legislation, leader, products, buy, age, tobacco, strongly, raising, buying, majority, raise, introduce, sen


Sen. Majority Leader McConnell to introduce bill to raise the minimum age to buy tobacco to 21

In 2018, the number of high school students using tobacco products increased by about 38%, the CDC found in its annual National Youth Tobacco Survey. The agency blamed the increase on e-cigarettes. Use of the products by high school students surged nearly 78%.

In response, local and state governments have pushed up the age to buy tobacco products to 21. A dozen states have already raised the minimum buying age and New York and Maryland are expected to join them soon. Even more states are considering legislation. At least 450 cities and counties have enacted T21 laws, according to the Campaign for Tobacco-Free Kids.

Yet even with McConnell behind the bill, some conservative lawmakers are sure to oppose the measure. Lawmakers in McConnell’s home state of Kentucky rejected a state bill earlier this year to raise the minimum buying age. Sen. Richard Burr, R-N.C., recently blasted the Food and Drug Administration for pursuing a ban on menthol cigarettes.

Tobacco giants Altria, British American Tobacco and e-cigarette maker Juul have all thrown their weight behind raising the minimum buying age. Altria CEO Howard Willard and Juul CEO Kevin Burns have both urged legislation in recent op-eds. Altria started running “T21” ads earlier this month in The Washington Post, The Wall Street Journal and other newspapers.

“Altria strongly supports raising the legal age of purchase for all tobacco products, including e-vapor, to 21. This is the most effective action to reverse rising underage e-vapor usage rates. Now is the time to move to 21 and we welcome Senator McConnell’s leadership on this important issue,” Willard said Thursday in a statement.

“We commend Senator McConnell for announcing this legislation as we strongly support raising the purchasing age for all tobacco products, including vapor products, to 21 and have been actively supporting legislation to do this at the federal level and in states across the country,” Burns said in a statement Thursday.

Burns said this type of legislation can help restrict youth access by preventing products being shared between legal-age and underage peers.

“We support Senator McConnell’s efforts to raise the national minimum purchase age to 21 as an effective means of keeping tobacco products out of middle and high schools, where many youth obtain the products, especially vapor, from friends between the ages of 18 and 21,” BAT said Thursday.

A 2015 National Academy of Medicine study concluded that increasing the minimum buying age would reduce the number of teens who get hooked on nicotine and therefore save lives.

A spokesman for the Campaign for Tobacco-Free Kids said while the group “strongly supports” raising the minimum tobacco buying age, it wants to “make sure it is a strong bill that is free of special interest provisions that benefit the tobacco industry.”

He warned that some proposals have included provisions that prohibit things like flavor bans, which e-cigarette makers strongly oppose.

Shares of Altria slid about 2% and British American Tobacco dipped about 1%. Juul is privately held.


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: angelica lavito, joshua roberts
Keywords: news, cnbc, companies, mcconnell, minimum, bill, altria, 21, legislation, leader, products, buy, age, tobacco, strongly, raising, buying, majority, raise, introduce, sen


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Qualcomm just added $26 billion to market cap—Cramer, experts weigh in

On Tuesday, chipmaker Qualcomm and iPhone maker Apple settled a yearslong dispute over patent royalties, sending shares of Qualcomm on a more than 35% tear over the course of two days, a $26 billion boost to its market cap. Cerity Partners’ Jim Lebenthal saw huge runway for Qualcomm’s stock:”I think you stick with this stock. But what happened yesterday validated … the high-margin [intellectual property] model that Qualcomm has depended on for 25 years. Pete Najarian of Investitute.com also no


On Tuesday, chipmaker Qualcomm and iPhone maker Apple settled a yearslong dispute over patent royalties, sending shares of Qualcomm on a more than 35% tear over the course of two days, a $26 billion boost to its market cap. Cerity Partners’ Jim Lebenthal saw huge runway for Qualcomm’s stock:”I think you stick with this stock. But what happened yesterday validated … the high-margin [intellectual property] model that Qualcomm has depended on for 25 years. Pete Najarian of Investitute.com also no
Qualcomm just added $26 billion to market cap—Cramer, experts weigh in Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: lizzy gurdus, sopa images, lightrocket, getty images, anthony kwan, bloomberg, source, michael nagle, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, times, buying, capcramer, apple, saw, know, huge, market, added, 26, billion, stock, model, weigh, way, experts, qualcomm


Qualcomm just added $26 billion to market cap—Cramer, experts weigh in

One of big tech’s biggest battles is now over, and it’s making Wall Street more bullish on the space.

On Tuesday, chipmaker Qualcomm and iPhone maker Apple settled a yearslong dispute over patent royalties, sending shares of Qualcomm on a more than 35% tear over the course of two days, a $26 billion boost to its market cap.

Here’s what four top market watchers had to say about the newfound prospects for Qualcomm and Apple:

Jim Cramer, host of CNBC’s “Mad Money,” was excited about what this deal means for Apple:

“The thing that I don’t understand is why isn’t Apple up more? Before, we had 5G that was completely uncertain. We had no way to build a model on 5G. Now you have 5G. So … I believe next Christmas — not this year, but next year — could be the biggest Apple Christmas in history. So, you want to sell the stock now, because you know that next year at this time you can buy it back at $270?”

Cerity Partners’ Jim Lebenthal saw huge runway for Qualcomm’s stock:

“I think you stick with this stock. I do understand that it’s up something like 33% in two days, but fair value to me on this stock is $96 a share. With Apple revenues and earnings now back in the picture — they’ve been out for two years — you’re looking at earnings around $6 [per share], probably north of that. But use $6, put a 16 [times price-to-earnings] multiple on that, [and] you get to $96. If you want to know, why 16 times? Look: if this were just a chip manufacturer, you’d say 10 to 12 times. But what happened yesterday validated … the high-margin [intellectual property] model that Qualcomm has depended on for 25 years. That deserves a much higher multiple. And, look, for people who know this stock over the last 20 years, this Apple issue isn’t the first time they’ve been challenged on this. You go back to Broadcom 15 years ago; same thing happened. You had Samsung, you had countries, whether it’s Korea, China [or] the U.S. right now. This model has been tested again and again and again and they always come out on top. That’s why I love this stock at $50, but $96, 25% higher? I see that by summer.”

Pete Najarian of Investitute.com also noted how well Qualcomm was holding up:

“Yesterday I had options and stock in here, and it all started when we had some huge buying. And we were talking about everything being short term. Well, you go back to February, March: all of a sudden, we saw some October buying [and] we saw some July buying in here. By the way, those July [options were] July $62.50 calls — how are they doing? 80 cents, and now the stock’s trading, what is it? $77, $78? So these are now trading, call it, somewhere close to some real money. So these are huge gains. You have to take stuff off into that. I took it off way too early. I was taking this off yesterday in the afternoon as I’m watching the stock scream to the upside because I thought, ‘At any moment, we’re going to see something that’s going to pull it back down.’ It hasn’t happened.”

Virtus Investment Partners’ Joe Terranova had his eyes on a sidelined winner:


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: lizzy gurdus, sopa images, lightrocket, getty images, anthony kwan, bloomberg, source, michael nagle, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, times, buying, capcramer, apple, saw, know, huge, market, added, 26, billion, stock, model, weigh, way, experts, qualcomm


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Qualcomm just added $26 billion to market cap—Cramer, experts weigh in

On Tuesday, chipmaker Qualcomm and iPhone maker Apple settled a yearslong dispute over patent royalties, sending shares of Qualcomm on a more than 35% tear over the course of two days, a $26 billion boost to its market cap. Cerity Partners’ Jim Lebenthal saw huge runway for Qualcomm’s stock:”I think you stick with this stock. But what happened yesterday validated … the high-margin [intellectual property] model that Qualcomm has depended on for 25 years. Pete Najarian of Investitute.com also no


On Tuesday, chipmaker Qualcomm and iPhone maker Apple settled a yearslong dispute over patent royalties, sending shares of Qualcomm on a more than 35% tear over the course of two days, a $26 billion boost to its market cap. Cerity Partners’ Jim Lebenthal saw huge runway for Qualcomm’s stock:”I think you stick with this stock. But what happened yesterday validated … the high-margin [intellectual property] model that Qualcomm has depended on for 25 years. Pete Najarian of Investitute.com also no
Qualcomm just added $26 billion to market cap—Cramer, experts weigh in Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: lizzy gurdus, sopa images, lightrocket, getty images, anthony kwan, bloomberg, source, michael nagle, kcna, thomas barwick getty images
Keywords: news, cnbc, companies, times, buying, capcramer, apple, saw, know, huge, market, added, 26, billion, stock, model, weigh, way, experts, qualcomm


Qualcomm just added $26 billion to market cap—Cramer, experts weigh in

One of big tech’s biggest battles is now over, and it’s making Wall Street more bullish on the space.

On Tuesday, chipmaker Qualcomm and iPhone maker Apple settled a yearslong dispute over patent royalties, sending shares of Qualcomm on a more than 35% tear over the course of two days, a $26 billion boost to its market cap.

Here’s what four top market watchers had to say about the newfound prospects for Qualcomm and Apple:

Jim Cramer, host of CNBC’s “Mad Money,” was excited about what this deal means for Apple:

“The thing that I don’t understand is why isn’t Apple up more? Before, we had 5G that was completely uncertain. We had no way to build a model on 5G. Now you have 5G. So … I believe next Christmas — not this year, but next year — could be the biggest Apple Christmas in history. So, you want to sell the stock now, because you know that next year at this time you can buy it back at $270?”

Cerity Partners’ Jim Lebenthal saw huge runway for Qualcomm’s stock:

“I think you stick with this stock. I do understand that it’s up something like 33% in two days, but fair value to me on this stock is $96 a share. With Apple revenues and earnings now back in the picture — they’ve been out for two years — you’re looking at earnings around $6 [per share], probably north of that. But use $6, put a 16 [times price-to-earnings] multiple on that, [and] you get to $96. If you want to know, why 16 times? Look: if this were just a chip manufacturer, you’d say 10 to 12 times. But what happened yesterday validated … the high-margin [intellectual property] model that Qualcomm has depended on for 25 years. That deserves a much higher multiple. And, look, for people who know this stock over the last 20 years, this Apple issue isn’t the first time they’ve been challenged on this. You go back to Broadcom 15 years ago; same thing happened. You had Samsung, you had countries, whether it’s Korea, China [or] the U.S. right now. This model has been tested again and again and again and they always come out on top. That’s why I love this stock at $50, but $96, 25% higher? I see that by summer.”

Pete Najarian of Investitute.com also noted how well Qualcomm was holding up:

“Yesterday I had options and stock in here, and it all started when we had some huge buying. And we were talking about everything being short term. Well, you go back to February, March: all of a sudden, we saw some October buying [and] we saw some July buying in here. By the way, those July [options were] July $62.50 calls — how are they doing? 80 cents, and now the stock’s trading, what is it? $77, $78? So these are now trading, call it, somewhere close to some real money. So these are huge gains. You have to take stuff off into that. I took it off way too early. I was taking this off yesterday in the afternoon as I’m watching the stock scream to the upside because I thought, ‘At any moment, we’re going to see something that’s going to pull it back down.’ It hasn’t happened.”

Virtus Investment Partners’ Joe Terranova had his eyes on a sidelined winner:


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: lizzy gurdus, sopa images, lightrocket, getty images, anthony kwan, bloomberg, source, michael nagle, kcna, thomas barwick getty images
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Hyundai aiming for entry-level and used-car buyers with new, under $20,000 SUV

Hyundai is hoping to make the SUV more accessible to entry-level buyers. The automaker’s latest offering is the compact Venue, expected to be priced under $20,000 for the base model. According to marketing and research agency Hedges & Co., 31% of new SUV buyers have a household income of under $50,000. Hyundai is also targeting used-car buyers with the Venue. “There are many used-car buyers who are just used-car buyers, but interestingly 40 million people a year end up buying a used car and half


Hyundai is hoping to make the SUV more accessible to entry-level buyers. The automaker’s latest offering is the compact Venue, expected to be priced under $20,000 for the base model. According to marketing and research agency Hedges & Co., 31% of new SUV buyers have a household income of under $50,000. Hyundai is also targeting used-car buyers with the Venue. “There are many used-car buyers who are just used-car buyers, but interestingly 40 million people a year end up buying a used car and half
Hyundai aiming for entry-level and used-car buyers with new, under $20,000 SUV Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: michelle fox
Keywords: news, cnbc, companies, buying, hyundai, suv, york, smith, entrylevel, buyers, aiming, wednesdayaccording, auto, 20000, usedcar


Hyundai aiming for entry-level and used-car buyers with new, under $20,000 SUV

Hyundai is hoping to make the SUV more accessible to entry-level buyers.

The automaker’s latest offering is the compact Venue, expected to be priced under $20,000 for the base model. That price tag brings it under the Hyundai Kona, which is larger than the Venue.

“It’s pretty darn small but it’s a perfect entry-level vehicle for someone who might have, in the past, only had sedans to choose from,” Hyundai America COO Brian Smith said in an interview with CNBC’s Phil LeBeau from the New York International Auto Show on Wednesday.

According to marketing and research agency Hedges & Co., 31% of new SUV buyers have a household income of under $50,000. Those are mostly single-person households.

Hyundai is also targeting used-car buyers with the Venue.

“There are many used-car buyers who are just used-car buyers, but interestingly 40 million people a year end up buying a used car and half of them thought about buying new first,” Smith said on “The Exchange.”

The cost also addresses another issue: burgeoning auto loans. The average monthly payment is now $554, compared with $527 a year ago, according to Edmonds.

Smith thinks that number will not continue to grow and pointed out that Hyundai offers a broad range of choices – from performance cars to electric vehicles.

“With more diversity and more options, instead of just continuing to push prices up, people are going to see ways to go sideways.”


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: michelle fox
Keywords: news, cnbc, companies, buying, hyundai, suv, york, smith, entrylevel, buyers, aiming, wednesdayaccording, auto, 20000, usedcar


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Cramer: Investors must study up on the Amazon effect before buying any stock

Investors should factor the Amazon effect into their stock-picking homework because the company is a “Death Star” that could disrupt any industry it decides to set its gaze on, CNBC’s Jim Cramer said Monday. The Amazon effect continues to have a daunting impact on most brick-and-mortar retailers, and the entertainment industry could be next in its path. But shares of the streaming platform ended Monday down 4.4% on news that Amazon could release a free music streaming service on its Echo device


Investors should factor the Amazon effect into their stock-picking homework because the company is a “Death Star” that could disrupt any industry it decides to set its gaze on, CNBC’s Jim Cramer said Monday. The Amazon effect continues to have a daunting impact on most brick-and-mortar retailers, and the entertainment industry could be next in its path. But shares of the streaming platform ended Monday down 4.4% on news that Amazon could release a free music streaming service on its Echo device
Cramer: Investors must study up on the Amazon effect before buying any stock Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: tyler clifford
Keywords: news, cnbc, companies, industry, vulnerable, effect, potentially, health, study, investors, care, stock, service, amazon, work, streaming, buying, cramer


Cramer: Investors must study up on the Amazon effect before buying any stock

Investors should factor the Amazon effect into their stock-picking homework because the company is a “Death Star” that could disrupt any industry it decides to set its gaze on, CNBC’s Jim Cramer said Monday.

“Any company with any kind of consumer product could potentially end up in their crosshairs, and that’s a very dangerous place to be,” the “Mad Money” host said.

The Amazon effect continues to have a daunting impact on most brick-and-mortar retailers, and the entertainment industry could be next in its path. Spotify has become a dominant name in the audio world by offering both free, ad-supported and subscription models for streaming music. It is also making a mark in the exceedingly popular podcasts segment.

But shares of the streaming platform ended Monday down 4.4% on news that Amazon could release a free music streaming service on its Echo device as soon as next week.

“Now that we know [Amazon’s] interested, Spotify’s stock will never trade the same way again … Amazon has a huge installed based of 100 million devices that could easily make this service work, destroying Spotify’s moat [and] potentially turning it into an absolute also-ran in its own industry,” Cramer said. “I think Amazon could do just about anything it sets its mind to right now.”

Amazon could potentially throw shipping and delivery companies, such as FedEx and GrubHub, off balance as it builds out its own transports business, he said. The tech behemoth has already chipped away at Walgreen’s, who is facing difficulties in the front of the store and the pharmacy, and CVS, which is nursing its health care strategy with Aetna, Cramer said.

Amazon has buddied up with J. P. Morgan Chase and Berkshire Hathaway on a project called Haven to reduce health care costs.

“They could theoretically have the same kind of bargaining power as Medicare or the [U.S. Department of Veterans Affairs]. Health care seems totally vulnerable,” Cramer said.

There are several companies, however, that have managed to protect their market share and not capitulate to rumors that Amazon would come for their industries, Cramer said. Earlier Monday Best Buy promoted Corie Barry, who was responsible for the retailer’s home service program to box out Amazon, from CFO to CEO. Autozone retained its place in the auto parts industry after facing pressure from Amazon last year.

Home Depot, Lowe’s, and Cisco have all fended off Amazon, he added. Industries where businesses do not include a hands-on service or work for a customer are vulnerable, he said.

“The next time you think about buying a stock, you need to ask yourself a question — add this to your homework checklist: could Amazon come in and destroy the company’s margins? If so, lower your expectations,” Cramer said.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: tyler clifford
Keywords: news, cnbc, companies, industry, vulnerable, effect, potentially, health, study, investors, care, stock, service, amazon, work, streaming, buying, cramer


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