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Long Haul Buffett Buys

Long Haul Buffett Buys

4.08k followers 8 symbols Watchlist by The Motley Fool

Here are eight Buffett-approved businesses built for the long haul.

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  • Blockchain Is Revolutionizing The Way We Do Business

    Blockchain Is Revolutionizing The Way We Do Business

    Blockchain is one of the most revolutionary technologies of this generation and has applications that spread across every sector of our economy. The technology has applications that go way beyond a means of transferring wealth.

  • GuruFocus.com

    US Indexes End Rally, Closing Lower Tuesday

    S&P; 500 down 0.79% Continue reading...

  • GuruFocus.com

    This Lithium Stock Is Better Than Tesla

    This company can win the electric vehicle war Continue reading...

  • GuruFocus.com

    Mario Gabelli Comments on American Express

    Guru stock highlight Continue reading...

  • GuruFocus.com

    Mario Gabelli's Gabelli Value 25 Fund 2nd Quarter Commentary

    Discussion of markets and holdings Continue reading...

  • MarketWatch

    Dow's 150-point drop led by losses for Dow Inc., American Express stocks

    DOW UPDATE Behind declines for shares of Dow Inc. and American Express, the Dow Jones Industrial Average is falling Tuesday afternoon. The Dow (DJIA) was most recently trading 152 points (0.6%) lower, as shares of Dow Inc.

  • Fifth Third, Macy’s, P&G execs named to list of most influential women in corporate America
    American City Business Journals

    Fifth Third, Macy’s, P&G execs named to list of most influential women in corporate America

    Two Fifth Third Bank executives and leaders at Procter & Gamble Co. and Macy’s Inc. made Savoy Magazine’s 2019 list of the Most Influential Women in Corporate America.

  • 4 Auto Stocks Breaking Down to Sell Now

    4 Auto Stocks Breaking Down to Sell Now

    United States equities are on the slide Tuesday as traders react to reports President Donald Trump is considering a payroll tax cut as a way to juice the economy. The New York Times added that a reversal of trade tariffs against China and other nations was another possible option. The White House has downplayed both rumors, leaving a feeling of disappointment on Wall Street.One of the areas being hardest hit is the automotive sector, with inventories bloated, buyers balking and higher interest rates weighing on affordability. The result is that prices are starting to fall, production is likely to be cut and profitability will come under pressure. * 10 Undervalued Stocks With Breakout Potential No surprise then that these four auto stocks are suffering as a result. They should be sold now.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Auto Stocks to Sell: Ford (F)Ford (NYSE:F) shares are threatening to break down further away from their 200-day moving average. Already down more than 13% from their double-top highs, watch for a return to the January-March trading range near $8.20 which would be worth a loss of nearly 10% from here.The company will next report results on Oct. 23 after the close. Analysts are looking for earnings of 29 cents per share on revenues of $35.3 billion. When the company last reported on July 24, earnings of 28 cents missed estimates by 3 cents on a 0.4% rise in revenues. General Motors (GM)General Motors (NYSE:GM) shares have also fallen just below their 200-day moving average, setting up a test of the early June low near the $33 per share level. This line of demarcation has been toyed with multiple times since the stock topped out in late 2017. Management is putting a lot of hope in its trucks business, which is fiercely competitive. * 7 Safe Dividend Stocks for Investors to Buy Right Now The company will next report results on Oct. 29 before the bell. Analysts are looking for earnings of $1.88 per share on revenues of $36.6 billion. When the company last reported on Aug. 1, earnings of $1.64 beat estimates by 19 cents on a 1.9% decline in revenues. Tesla (TSLA)Amid what seems like daily reports that Tesla (NASDAQ:TSLA) is catching on fire (see here and here), shares of the company have dropped back below their 50-day moving average and are threatening a decline back to its early June low near $180. Such a drop would be worth a loss of more than 20% from here.The company will next report results on Oct. 23 after the close. Analysts are looking for a loss of 44 cents per share on revenues of $6.4 billion. When the company last reported on July 24, a loss of $1.12 missed estimates by 76 cents on a 58.7% rise in revenues. Fiat Chrysler Automobiles (FCAU)Fiat Chrysler Automobiles (NSYE:FCAU) shares have fallen down to test their recent lows -- set back in December and in early March -- trading well off of the highs set in early 2018. A breakdown here would put the mid-2017 lows in play, which would be worth a loss of more than 20% from here. The stock has been hit by the stalling of merger talks with Renault after the French government hardened their position.The company will next report results on Oct. 31 before the bell. Analysts are looking for earnings of 94 cents per share on revenues of $31 billion. When the company last reported on July 31, earnings of 59 cents per share missed estimates by a penny.As of this writing, William Roth did not hold any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 4 Auto Stocks Breaking Down to Sell Now appeared first on InvestorPlace.

  • Maximizing shareholder value can no longer be a company’s main purpose: top CEOs

    Maximizing shareholder value can no longer be a company’s main purpose: top CEOs

    The heads of nearly 200 U.S. companies said Monday they are committing to a move away from the idea that the main purpose of a company is to maximize shareholder value, marking a break with a long-held conviction.

  • This middle market banking VP is always thinking five steps ahead
    American City Business Journals

    This middle market banking VP is always thinking five steps ahead

    Cynthia Nwubani is a vice president and senior relationship manager for Wells Fargo’s middle-market banking group, and she manages relationships with companies that have revenues from $50 million to $2 billion in the North Dallas area.

  • 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever

    10 Stocks That Every 30-Year-Old Should Buy and Hold Forever

    [Editor's note: "10 Stocks That Every 30-Year-Old Should Buy and Hold Forever" was previously published in April 2019. It has since been updated to include the most relevant information available.]By the age of 30, you should already have nearly a decade's worth of retirement savings under your belt. If you don't, you're not alone. A recent GoBankingRates survey showed that nearly half of the millennials questioned had no retirement savings at all.If you fall into that camp, keep in mind the old saying "better late than never," because it absolutely applies if you're only just starting to build a nest egg. If you just hit the big 3-0 and you've already been saving and investing for years, bravo; however, 30 is a great milestone to look over your investments and rebalance your portfolio with some of the best long-term stocks out there. InvestorPlace - Stock Market News, Stock Advice & Trading TipsUnlike in your 20s, risk is a much larger consideration a decade later. The market is bound to go up and down, and you have to assess whether or not you could handle a market-wide pullback. Moreover, you will want to keep some powder dry to buy on a dip. Income stocks that pay dividends become important stocks to buy at this stage, but choosing some riskier players shouldn't be completely off the table. * 10 Undervalued Stocks With Breakout Potential Of course, investors in their 30s should be holding some of their money in an index fund that will provide conservative growth. But here's a look at ten of the best long-term stocks to buy if you're in your 30s: Best Long-Term Stocks to Buy: Disney (DIS)I recommended Disney (NYSE:DIS) stock when the company's share price dipped below $100 following a racist tweet from Roseanne Barr, the star of one of the company's most successful sitcoms back in 2018. Disney responded by immediately canceling the show and distancing itself from Barr's hateful outburst, but investors worried that the loss of advertising from the canceled show would hurt advertising income.Since then, the market has come to its senses and DIS stock is back to trading above $135 per share.There are a few reasons Disney is one of the best long-term stocks to buy if you're building a portfolio in your 30s. The first is that the company is ripe for a major comeback.Disney is a solid company with a great deal of cash behind it. That means that even in the worst-case scenario, the firm has the money to spend on building out a streaming service from scratch and weather any storms that loom over the media space in the future. The firm also pays a respectable 1.3% dividend yield that will help balance out concerns about growth due to the firm's size. Netflix (NFLX)Another player in the streaming space worth considering one of the best long-term stocks to buy is Netflix (NASDAQ:NFLX).If you missed the boat on NFLX back in 2015 when shares were trading below $50, it might be a hard pill to swallow, but NFLX is still an excellent long-term bet despite the fact that its share price is over $300 today.The reason is that Netflix still has a long growth runway before investors should start to worry about the company becoming too large to produce the kind of growth they've become accustomed to. A company like, say, Apple Inc. (NASDAQ:AAPL) has a market cap of nearly $900 billion, making it unlikely that the firm can continue to grow at the same clip over the next decade. Netflix's market cap of $150 billion leaves plenty of space for the firm to catch up to its fellow FAANG peers over the next decade. * 10 Undervalued Stocks With Breakout Potential NFLX has the growth potential to do so as well. The company has proven that it has a good grasp on the population's ever-changing tastes, and although it has been expensive, Netflix's original content has been a huge draw for subscribers. While the U.S. market has been saturated, NFLX has only just begun its international expansion, leaving a long growth runway for the next few years.Over the past two years, Netflix has been preparing for a major push overseas, and those efforts are due to pay off over the next decade. GHB Insights' head of technology research Daniel Ives said he sees Netflix international expansion opening a potential market of 700 million subscribers in the next 2 years.So, although the streaming space is certainly getting more crowded, NFLX appears to have created a winning formula that makes it one of the best long-term stocks to buy and hold on to. Procter & Gamble (PG)Procter & Gamble (NYSE:PG) is one such stock to buy that, although boring, is a buy-and-hold-until-you-retire kind of stock.As I mentioned above, risk assessment is a huge part of building your portfolio in your 30s, and although you still have plenty of time to let risky bets play out, you should be thinking about adding some low-risk, solid stocks to your portfolio that will keep ticking along as the years go by.What makes PG stock one of the best long-term stocks to buy is that the company's management has a long history of maintaining a healthy cashflow and delivering shareholder returns and its 2.90% dividend yield will provide a reliable income.Not only that but PG's widely diversified business offers investors some security in times of economic trouble. Plus, PG sells a wide variety of necessities like toothpaste and soap, which are unlikely to take much of a hit even in the case of a recession.Increased competition is definitely something to keep in mind when considering PG, but the firm's strong financial position means it has the leeway to refocus its strategy and continue thriving in difficult conditions. Exxon Mobil (XOM)If you haven't started wading back into oil and gas stocks yet, now's your chance. And Exxon Mobil (NYSE:XOM) is one of the best long-term stocks to buy for a few reasons.Now that oil prices are starting to recover, it's worth revisiting the industry. The crash in crude oil prices helped weed out weaker firms and those that survived are coming back stronger than ever with more efficient operations and better future prospects. However, worries about oversupply are still in the forefront of investors mind, which has kept the sector from becoming too expensive.First, XOM's share price is still well below its 2015 highs, giving it plenty of room for a turnaround in the coming years. XOM stock is also working on an aggressive new strategy that includes a $2 billion pipeline in the Permian Basin. The firm also sees potential opportunities in Guyana and Brazil which are expected to help XOM ramp up production significantly over the next few years.Of course, oil prices will play a major role in whether or not XOM's plans are successful, but what's nice about owning Exxon shares is the fact that the company's integrated structure means it's not a direct oil play. So, although that means XOM won't see the same kinds of gains some of its peers do if oil prices spike, that also means it won't suffer the same losses should the opposite occur. * 10 Undervalued Stocks With Breakout Potential XOM also pays out a 5.1% dividend that has been raised every year for the past 36, taking the edge off some of the risk. Walmart (WMT)Discount superstore Walmart (NYSE:WMT) is often overlooked by investors because Amazon.com (NASDAQ:AMZN) tends to be their first choice. While I don't disagree that Amazon is still one of the best long-term stocks to buy, worries about WMT's future are largely overdone.Since being scathed by the ecommerce takeover a few years ago, WMT stock has made an impressive recovery and although the firm is still facing some headwinds, it's a solid stock to buy.Judging by the company's improving e-commerce sales, it looks like Walmart is on the right track to competing against the likes of Amazon. Amazon (AMZN)You'd have to be living under a rock to not have heard all the buzz surrounding Amazon over the past few years. If you haven't jumped on the AMZN stock bandwagon yet, though, there might still be time. Of course, you'd be much better off if you'd bought Amazon stock in 2012 when it was trading at just $200 per share, but the company still is one of the best long-term stocks to buy today.It might seem counterintuitive to consider AMZN when you look at the firm's massive $895 billion market cap and the fact that the company pays absolutely no dividends. Not to mention, AMZN stock has proven to be extremely volatile. However in your 30s you've still got time, and that means there's space in your portfolio for a little bit of wiggle room if you're comfortable with it.Aside from its dominance in e-commerce, Amazon is also a top dog in cloud computing, an industry destined to grow exponentially over the next few years. On top of that, AMZN is spreading its wings in a wide variety of industries including grocery and logistics and there are even rumors that the firm is working to make its way into the healthcare space as well. * 10 Undervalued Stocks With Breakout Potential It's hard to imagine AMZN's market cap getting much larger, but 30-somethings would be remiss not to consider Amazon stock to juice up their gains over the next five or 10 years. Berkshire Hathaway (BRK.B)It would be impossible to talk about the best long-term stocks without including Berkshire Hathaway Inc. (NYSE:BRK.B), run by legendary investor Warren Buffett. Of course, if you're 30 and just picking up Berkshire Hathaway stock now, then you're about to miss the boat in terms of benefiting from Buffett's infamous investing sense. However, that doesn't make BRK.B a bad long-term pick. The company has new fund managers at the helm who've already started taking over some of the firm's investment decisions and you can't argue with the value the firm already possesses. Berkshire has a roundup of defensive stocks that will help the firm ride out troubled markets, but the firm will also keep up with upward market trends. If nothing else, Berkshire stock is a great stabilizer that will round out your portfolio and mitigate against major market events making it one of the best long-term stocks 30-something crowd. Unilever (UN)Another consumer products stock to add to your list of the best long-term stocks is Unilever (NYSE:UN). The company has become massively efficient after undergoing major cost-cutting initiatives over the past few years in order to better compete as the industry became more and more competitive.That bodes well for the future because it means the company will be well prepared in the event of a recession, not to mention that the company sells a wide variety of basic necessities, which tend to continue selling even when purse strings are tight. * 10 Undervalued Stocks With Breakout Potential Another reason UN makes for a good stock to buy is the firm's presence in emerging markets. In 2017, more than half of the company's reported sales came from emerging markets. The company's huge footprint within emerging markets sets it apart from its peers because it creates a great long-term growth runway that others don't have access to. Microsoft (MSFT)Another steady-stock to buy in your 30s is Microsoft (NASDAQ:MSFT). Like a few others on this list, MSFT stock isn't exactly the most exciting stock, but it will do its job and make you some money. Unlike others in the IT industry, MSTF is mature which, in this case, translates to stability rather than falling out of touch with what consumers want. Right now MSFT is working to pivot away from its traditional software business and focusing on growth in its cloud business, which includes subscriptions like Office 365 as well as Azure, Microsoft's answer to Amazon Web Services. Growth in that arm of MSFT's business has been strong. With a P/E of 27 and a dividend yield of just 1.33%, there's no doubting that MSFT is an expensive stock, but you're paying a premium for a well run, solid business that has and will continue to withstand the test of time. Waste Management (WM)It's all well and good to invest in the next hot tech trend or retail story, but if you really want to make a play on future trends then look no further than Waste Management (NYSE:WM), the company that handles everyone's garbage. One thing is for certain, over the next few decades people are going to generate waste, and WM will be there to dispose of it. That makes it one of the best long-term stocks to buy.Not only does WM have a wide moat because of the regulatory permits it holds and its huge network of landfills, but the firm has also diversified its business to offer more than just waste collection and landfill maintenance. Waste Management also handles recycling and has been developing a way to turn landfill gas into energy. That means that as greener living continues to gain traction, WM will benefit as well. * 5 Stocks to Buy With High-Margin Recurring Revenue However, perhaps the most alluring reason to add WM stock to your portfolio is the firm's 1.7% dividend yield. The company has been raising its dividend annually for the past 15 years and there's no reason to expect that to stop anytime soon.As of this writing, Laura Hoy was long AMZN, AAPL, UN and NFLX. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever appeared first on InvestorPlace.

  • MarketWatch

    Dow Inc., American Express share losses contribute to Dow's nearly 75-point drop

    DOW UPDATE Behind negative returns for shares of Dow Inc. and American Express, the Dow Jones Industrial Average is falling Tuesday afternoon. The Dow (DJIA) was most recently trading 72 points, or 0.

  • The 10 Best Cheap Stocks to Buy Right Now

    The 10 Best Cheap Stocks to Buy Right Now

    [Editor's note: "The 10 Best Cheap Stocks to Buy Right Now" was previously published in June 2019. It has since been updated to include the most relevant information available.]For a surprising number of names, the debate about whether a stock is overbought or oversold is largely irrelevant. Some stocks are simply (still) too cheap to overlook, poised to make gains whether or not the broad market's tide helps out in the foreseeable future. For deeply undervalued equities in anything but a wildly bearish environment, the bigger risk is being on the sidelines rather than in a position. * 10 Cheap Dividend Stocks to Load Up On To that end, here's a rundown of 10 of the market's best cheap stocks to buy right now. In some cases, the per-share price is just oddly low. In other cases, prices compared to earnings are well into single-digit territories. In most cases, both qualities apply.InvestorPlace - Stock Market News, Stock Advice & Trading Tips CBS Corporation (CBS)CBS Corporation (NYSE:CBS) may be down of late, but I still have confidence in CBS stock anyway. The television giant has improved in a big way where it needed to the most, streaming. By 2022, it should have 25 million streaming customers in tow.It's only a sign of the current paradigm shift in how video is delivered to consumers. It's also the reason we've seen a frenzy of M&A within the film and TV arena, the most notable of which is the Walt Disney (NYSE:DIS) acquisition of Twenty-First Century Fox (NASDAQ:FOXA).CBS has also jockeyed to acquire Viacom (NASDAQ:VIAB). At this point, they're just ironing out the details and divvying up the proceeds among the executives.With CBS stock priced at only 5.4 times this year's expected earnings though, the company would also make for a dirt-cheap entry or expansion into the entertainment industry. Air Lease (AL)Source: Karen Neoh via FlickrAir Lease (NYSE:AL) relies on at least a decent economy to drive demand for passenger jets, and recently, investors have seen what they think are too many red flags.Take a closer look at all the data, though, and matters aren't as dire as they may seem. While global economic growth may be running into a near-term headwind in the wake of plenty of political drama, in the bigger picture, airlines still desperately need new aircraft to satisfy demand.In May, and for the 12 months ending then, enplanements and total miles flown once again beat forcasted levels. Boeing (NYSE:BA) believes that between now and 2037, the world's airlines will take delivery of more than 42,000 new aircraft. * 10 Stocks Under $5 to Buy for Fall Given that trend and outlook, Air Lease is undervalued at its forward P/E of just above 5.8. Micron Technology (MU)Source: Shutterstock Micron Technology (NASDAQ:MU) has been a cheap stocks for awhile, but it's bumping up against being properly valued.It's not an easy idea for some investors to get behind.Micron beat the previous quarter's estimates by more than 30% and looks as if it might be coming out of the chip glut cycle better than it entered it.This is a cycle investors have seen over and over again, however, with the same end result every time. That is, producers will curtail production, abating supply and restoring pricing power.Rivals Samsung Electronics (OTCMKTS:SSNLF) and SK Hynix, in fact, have already slowed their DRAM expansion plans, and Micron had undertaken a project to cut capital expenditures by more than $1 billion this year.It could take a while for tempered production to restore DRAM prices, but trading at only 5.22 times this year's projected per-share profits, MU stock is worth the wait. It has been every time before. Citigroup (C)Source: Shutterstock Citigroup (NYSE:C), like most bank stocks, had a rough 2018, and though it has bounced this year, the 2019 rally to-date has been subpar.The stock is trading at a trailing P/E of 10, and a forward-looking earnings multiple of 8. This is cheap even by current banking stock standards, which have been abnormally low.The reason for the mismatched price and forecasted earnings is understandable enough. That is, enough investors are convinced interest rates are going to become just a little too high against a backdrop of just a little too much economic weakness. The concern is largely manifested in the flattening yield curve, which is particularly problematic for banks. * 15 Growth Stocks to Buy for the Long Haul As was the case with Air Lease though (and will be for several others below), the worry isn't fully merited. NCR Corporation (NCR)Source: Shutterstock You may know the company better as National Cash Register Corporation, even though it changed its name years ago to NCR Corporation (NYSE:NCR).The less-limiting moniker reflects the fact that point-of-sale devices are now much more than a means of completing a sale. Since then, the company has expanded into areas like ATMs, self-service kiosks and full-blown inventory management platforms.It's certainly a move in the right direction, although it's arguable that the market isn't giving the new NCR enough credit.That might have something to do with the fact that outfits like Square (NYSE:SQ) and Paypal (NASDAQ:PYPL) are encroaching in NCR's turf. It's a legitimate concern too. There's a huge subset of companies, however, that will prefer to do business with a long-established name like NCR. Timken (TKR)Source: Shutterstock Timken (NYSE:TKR) is anything but a household name. The company makes ball bearings and industrial transmissions to supply mechanical power where it's needed in a manufacturing environment.It's anything but a riveting business, but it's a business that's starting to grow in earnest again as America's industrial engine revs. After rolling over in 2015 as the nation started to fully transition to a service-oriented economy,the United States began making more goods again in 2016. It's never looked back. * 7 Safe Dividend Stocks for Investors to Buy Right Now The paradigm shift has proven to be a boon for Timken, which has grown revenue at a double-digit pace since early 2017. Better still, the new revenue trend has set the stage for earnings growth this year that translates into a projected P/E of only 8.3. General Motors (GM)Source: Shutterstock There's no denying General Motors (NYSE:GM) ran into a headwind four years ago when "peak auto" became a reality. Though a victim of its own rampant success -- subsequent comparisons have all looked lackluster -- investors tend to only care about how current results stack up against the recent past.Those investors, however, may be unfairly harsh with their treatment of GM stock and its peers.While it remains unclear when we'll see another automobile purchase growth cycle again, General Motors is still a solid cash cow, yielding 4.25% while it sports a dirt-cheap trailing P/E of 5.9. * 7 Stocks Under $7 to Invest in Now Regardless, the carmaker continues to impress regardless of the stock's valuation. Nicolas Chahine commented, "the 2018 barrage of tariff headlines made GM stock a tough trade as it fell sharply off its January 2018 highs.This year so far it has been the total opposite. GM management clearly gave Wall Street reason to rejoice and buy the stock and investors ate it up. This morning, they backed up their claim…" Lumentum Holdings (LITE)Don't worry if Lumentum Holdings (NASDAQ:LITE) is an unfamiliar name. Many investors probably haven't heard of it. The company makes communications equipment and industrial lasers and has a big presence in the fiber optic industry.There has never been a time when the world has needed such high-speed connectivity.As more and more wireless devices compete for a finite amount of radiofrequency bandwidth, middlemen are looking for easier and faster ways to offload some of that traffic to physical infrastructure. Fiber-optic lines are more than up to the task.The market doesn't seem to see it yet, pricing LITE stock at a forward P/E of 14.57 despite this year's expected revenue growth of 28% and next year's 27%. As time passes though, Lumentum's role in the future of telecom will become clearer. Terex (TEX)Source: Shutterstock Name any piece of mobile machinery, and Terex (NYSE:TEX) probably makes it. From backhoes to cherry pickers to tracked conveyors to cranes, Terex has solutions for almost any industrial application.That diversity hasn't helped revenue in a while, with the top line peaking in 2014. The stock has been hit-and-miss since then … more misses than hits.The doubters may have overshot their pessimism though, sending TEX stock to a forward-looking P/E of 6.93 after a disappointing second quarter reported in July. While sales growth is expected to slow this year, the company more often than not topped sales and earnings estimates in 2018. It may hold a few pleasant surprises in store this year after this brief stumble. Capital One (COF)Source: Shutterstock Last but not least, add credit card company Capital One (NYSE:COF) to your list of cheap stocks to consider here.Like Citigroup, Air Lease and others, investors have been fearful that a slowing economy -- maybe even a shrinking one -- could work against Capital One. In fact, rising interest rates could hit Capital One particularly hard in that situation, as its target market of risky borrowers could be the first to underpay of stop payments altogether should the global economic condition sour. * 8 Dividend Aristocrat Stocks to Buy Now No Matter What It's another case, however, where the doubters may have overshot. COF stock is now priced at only 7.5 times this year's expected profits, making it one of the cheapest stocks to own in the financial sector. The worst-case scenario is more than priced in.As of this writing, James Brumley held a long position in CBS Corporation. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Oversold Stocks to Run From * 7 Red-Hot E-Commerce Stocks to Consider * 4 Stocks Surging on Earnings Surprises The post The 10 Best Cheap Stocks to Buy Right Now appeared first on InvestorPlace.

  • Facebook's Libra Currency Gets European Union Antitrust Scrutiny

    Facebook's Libra Currency Gets European Union Antitrust Scrutiny

    (Bloomberg) -- European Union antitrust regulators are already probing Facebook Inc.’s two-month-old Libra digital currency project, according to a document seen by Bloomberg.The European Commission is "currently investigating potential anti-competitive behavior" related to the Libra Association amid concerns the proposed payment system would unfairly shut out rivals, the EU authority said in a questionnaire sent out earlier this month.Officials said they’re concerned about how Libra may create "possible competition restrictions" on the information that will be exchanged and the use of consumer data, according to the document, which is a standard part of an early-stage EU inquiry to gather information.The investigation into founder Mark Zuckerberg’s ambitions to take on traditional cash adds to another preliminary EU investigation into how Facebook may unfairly use its power to squeeze rival apps. The Brussels-based commission, Europe’s most feared regulator, has already targeted Google and Apple Inc.Facebook and the commission both declined to comment on the investigation. The Menlo Park, California-based company has previously promised to appease all regulators before launching the cryptocurrency, a process that could take some time.Global CurrencyLed by a social network with more users than the combined population of China and the U.S., Libra represents a potential challenge that the guardians of money have never faced: a global currency they neither control nor manage.The EU questionnaire said regulators are also examining the possible integration of Libra-backed applications into Facebook services such as WhatsApp and Messenger. It said their investigation focuses on the governance structure and membership of the Libra Association.Facebook has previously promised to appease all regulators before launching the cryptocurrency, a process that could take some time.Visa Inc. declined to comment while the Libra Association representatives didn’t immediately respond to requests for comment. Mastercard Inc. had no immediate comment.Aside from the antitrust division, other EU regulators are "monitoring market developments in the area of crypto assets and payment services, including Libra and its development," a spokesman for the commission’s financial services department said.Data-protection supervisors are also worried about how Libra will share information. They said earlier this month that Facebook had the potential to combine "vast reserves of personal information with financial information and cryptocurrency, amplifying privacy concerns about the network’s design and data-sharing arrangements."\--With assistance from Alexander Weber, Alastair Marsh and James Hertling.To contact the reporters on this story: Lydia Beyoud in Arlington at lbeyoud2@bloomberg.net;Aoife White in Brussels at awhite62@bloomberg.netTo contact the editors responsible for this story: Anthony Aarons at aaarons@bloomberg.net, Peter Chapman, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • What Makes Tesla's Business Model Different?

    What Makes Tesla's Business Model Different?

    Tesla did not invent the first electric car, but it did invent was the first successful business model for bringing compelling electric cars to the market.

  • Trump Blocks Tech Merger to Stimulate 5G Leadership

    Trump Blocks Tech Merger to Stimulate 5G Leadership

    Chris' note: What do self-driving cars, artificial intelligence, and augmented reality have in common? There's one piece of bleeding-edge technology that unites them all…Source: Shutterstock Regular readers know I'm talking about 5G. It's one of the biggest trends on Jeff Brown's radar.Jeff is our go-to tech expert here at The Daily Cut. And this Thursday, August 22 at 8 p.m. ET, he's hosting a free 5G investment summit.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs you'll see, we're about to enter what Jeff calls the "Final Phase of the 5G Boom." If he's right, folks have a real shot at watching a series of small investments return 500%… 1,000%… and more. If you're serious about profiting from the 5G boom, you'll want to reserve your spot right here.But you don't have to wait until Thursday to learn more about 5G… and why Jeff believes it will be the most important tech trend over the next decade. Below, he shows why 5G is central to a global battle America must win. And the economic impact will be huge…The United States and China are locked in a winner-take-all economic struggle.And no, I'm not talking about the ongoing trade negotiations. It's something else.Whoever wins will be the economic powerhouse of the next decade. The stakes are that high.Let me show you what I mean…Hostile TakeoverLast year, we almost saw a merger between technology firms Broadcom (NASDAQ:AVGO) and Qualcomm (NASDAQ:QCOM). Had it gone through, it would have been the largest tech deal to date.Broadcom had been pursuing Qualcomm since November 2017. It initially offered an unsolicited bid of $103 billion to acquire controlling interest of Qualcomm.Qualcomm resisted. So Broadcom took another route.It initiated a hostile takeover of Qualcomm. That's when an acquiring company attempts to bypass its target's board and purchases a controlling interest in the company directly from shareholders. Very often, this means offering to buy shares at a premium.At $117 billion, the new bid for Qualcomm would have represented the largest technology merger in history.But then the White House stepped in… President Trump blocked the merger. The president said that "credible evidence" suggested that the takeover would pose a risk to U.S. national security.The official details are classified. But I believe I know why the White House took this unprecedented step.At the heart of the president's decision to block the merger is fifth-generation (5G) wireless technology.And here's why that's important…The Coming Wave of 5GWhen you connect to the internet on your computer, smartphone, or smart TV, a vast physical communications infrastructure makes that connection possible.And over the years, our wireless networks - and the infrastructure that supports them - have evolved.It all started in the 1980s with first-generation (1G) networks. Compared to what's possible today, 1G didn't allow much. You could only place voice calls - there was no layer for carrying other types of data. And you had to use one of those brick-sized cell phones Gordon Gekko yaps into in the movie Wall Street.But from then on, a new network generation went live roughly every 10 years. Each provided faster download speeds and more applications. The most recent one, 4G, went live around 2011.Now we're shifting to the fifth generation of wireless networks - 5G. And it represents the largest leap in wireless technology to date.A Leap ForwardThe current 4G networks are a disappointment. They're much slower than what the original developers thought the networks would deliver.Worst of all, the U.S. is in 62nd place when it comes to download speeds. That's going by a 2018 OpenSignal report.But with 5G, it's a different story. At peak speed, 5G will be almost 1,000 times faster than the average 4G connection we have today.We'll be going from an average of 16 megabits per second with current LTE connections… to 10 gigabits per second. (One gigabit is 1,000 megabits.)Even if we assume average 5G speeds will be 10% of their potential, we'd be looking at 1,000 megabits per second. That's almost 100 times faster than what we have today.With that kind of speed, you'll be able to download a two-hour movie in 10 seconds. Dropped phone calls and slow-loading web pages will be a thing of the past.Plus, some previously "sci-fi" tech will finally become a reality. Technologies like self-driving cars, virtual reality, and holographic projection will all operate over high-speed 5G connections. The applications are endless.5G is a game-changer because of all the technological innovation it will bring about. It'll be responsible for $12 trillion worth of new goods and services by 2035. That's about 70% of America's total GDP in 2018.And here's why the government considers the completion of 5G a matter of national security…Matter of National SecurityCountries that lead the way in deploying these networks will have a competitive economic advantage over other countries. And the technology companies in these "first-mover" countries will be the first to develop the hardware and software enabling these 5G wireless services.Right now, our government's fear is that China will set the 5G precedent.For context, Chinese company Huawei supplies the infrastructure and support for more than half of the 537 4G networks around the world. Suspicions have abounded for years about the company using its technology to spy on U.S. network traffic. And since 2018, tensions are reaching new highs.This led to Huawei being banned for a time from the U.S. and several other Western markets over spying concerns.The U.S. government sees it as an imperative that U.S. wireless networks are built out quickly - with U.S. and European technology - to ensure that the country's networks are less likely to fall victim to foreign espionage.That's why the Trump administration blocked the Broadcom/Qualcomm merger.While Broadcom recently stated its intention to bring most of its business back to the U.S., the bulk of its business is still based in Singapore. And while Singapore is its own country, it's heavily controlled by Chinese Singaporeans.The concern was that Broadcom would force Qualcomm to cut back on its 5G research and development, letting Huawei fill the void and making U.S. wireless networks vulnerable to cyberspying.This isn't wild speculation, either.The Committee on Foreign Investment in the United States is a government agency that oversees foreign investment in American companies. It officially recommended blocking the Broadcom/Qualcomm merger. And it specifically mentioned the threat Huawei posed in the 5G space.The Trump administration even threatened to take things one step further…Nationalized InfrastructureIn January 2018, leaked White House documents showed that the U.S. government was considering nationalizing the 5G network build-out.In other words, it wanted to seize control of wireless networks from AT&T (NYSE:T), Verizon (NYSE:VZ), and other service providers… and put them in the hands of the government.I had a hunch at the time that this was just a warning… a way to light a fire under the U.S. companies involved in the 5G build-out.The Trump administration was saying, "Get out there and build these 5G networks quickly, or we'll do it for you."And I was right. Trump has since said he opposes nationalizing the U.S. 5G network.But sending a warning was a very smart move by the administration. And it worked.Verizon and AT&T are already building out 5G networks in dozens of cities around the country. So are T-Mobile and Sprint, which are in the process of merging.The hope is for the U.S. to regain leadership in wireless network deployments. This will stimulate even stronger leadership in wireless network technology.If the U.S. fails, the government fears that America would depend on Chinese 5G technology. That would give China an enormous amount of leverage over the U.S.And remember, 5G is expected to create more than $12 trillion in wealth. Whoever sets the 5G precedent will be the economic powerhouse for the foreseeable future.This is a race the United States must win at all costs.Regards,Jeff Brown Editor, Exponential Tech InvestorP.S. The 5G race isn't over yet… That's why this Thursday I'm hosting a free 5G investment summit, The Final Phase of the 5G Boom.Key 5G stocks will soar 10X at least. And on August 22 at 8 p.m. ET, I'll show you how I spot these winners. I'll even give you the name of the top 5G company on my watchlist. If you're serious about investing in the 5G boom, you'll want to reserve your spot here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Trump Blocks Tech Merger to Stimulate 5G Leadership appeared first on InvestorPlace.

  • Why is Hold Strategy Apt for Discover Financial (DFS) Now?

    Why is Hold Strategy Apt for Discover Financial (DFS) Now?

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    Euronet Launches Quick Response Application to Ease Payments

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    American City Business Journals

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    The Zacks Analyst Blog Highlights: Microsoft, Merck, Walmart, Coca-Cola and Visa

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  • Things Will Keep Getting Worse For Square Stock

    Things Will Keep Getting Worse For Square Stock

    Investors have dumped shares of Square (NYSE:SQ) since the last earnings report. And it's only going to get worse. SQ stock is in a sharp downward trend that shows no sign of letting up. All told, there's a good case for Square stock heading back to the lows around $50 a share.Source: Shutterstock The company's last earnings report was far from good. The company offered specific developments, such as the sale of Caviar to Doordash for modest consideration that really hurt Square's long-term growth narrative. And there's a lot more to be nervous about with SQ stock right now. Let's dive into the reasons why SQ stock is still a sell right now. Is Cash App Really Doing That Great?Cash App pulled in $260 million in revenue in last quarter with a rapid growth rate. At first blush, that sounds fantastic. But there's less here than meets the eye.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * Major Headlines Mean Opportunities for Smart Investors For one thing, right around half of that revenue came from Bitcoin transactions. Get rid of that, and Cash App's revenues are down to $135 million for the quarter. Who knows where Bitcoin and crypto will go from here. Maybe the recent recovery is real. Maybe not. Anyone that bet on bitcoin or crypto stocks in late 2017 got clobbered the next year. Don't bet the farm on SQ stock hoping Bitcoin revenues continue to surge.Meanwhile, the more durable main source of Cash App revenue appears to be its instant deposit feature. This, like Paypal (NASDAQ:PYPL), allows vendors to access their cash instantly for a small fee. However, this is quite uneconomic for larger users and thus is unlikely to be a major revenue growth stream forever. Also, the Fed's new real-time payment system may reduce the need for Square's service here. A Bank License May Not Be So GreatThere's also the matter that Square is still trying to get a banking license. It was previously unsuccessful but has made another attempt at regulatory approval.SQ stock bulls point to a banking license as a major catalyst that could shoot the stock back up toward last year's highs. In theory, Square as a bank could add a lot of value for its customers.But taking on the role of a bank adds a lot of headaches and red tape as well. You have to worry about compliance, capital reserves, and all the other stresses of post-financial crisis era banking. In addition, customers that currently pay for services such as instant deposit are going to expect a lower fee experience if they bank with Square as well.On top of all that, are the people bullish on Square as a bank looking at the same financial markets that the rest of us are?The big banking shares like Goldman Sachs (NYSE:GS) and Wells Fargo (NYSE:WFC) are performing quite poorly in the market this year. Goldman Sachs, in particular, with all its customer-focused new innovations such as the Apple Card is getting no respect at all. If the market is petrified of interest rates and recession risk for banks, why is it going to give Square stock huge credit for entering this out-of-favor industry? Square Stock Is Really ExpensiveA big issue for SQ stock going forward is that the company still makes hardly any money. In the past, this was easier to explain because the company was purportedly investing heavily in loss-making growth operations like Caviar that would pay off in spades later. But Caviar didn't. And with Square shedding its money-losing operations, in theory, it should look a lot more profitable going forward.And yet, it's not. Adjusted EBITDA is likely to come in around $400 million for this year. Given Square's market cap, this means investors are paying in the neighborhood of 70x EBITDA for this business. That's absolutely absurd. You can justify 20 or 25x for a fast-growing tech company with good cash flows. Square isn't that fast-growing, especially without Caviar, and its operational profile isn't that amazing either.In fact, Square should probably trade at a discount to tech peers due to the credit exposure and recession risk (since its client base is primarily smaller businesses). Instead, the market is pricing SQ stock as though it were as good as the hottest of the cloud software companies. Unless Square's business performs exceptionally well going forward, people are going to get burned here in a major way. SQ Stock VerdictI know Square stock is down a lot, and you might want to buy the dip. But there are better tech plays at this time. SQ stock was profoundly overvalued before; a 25% drop has hardly fixed the valuation issue. In addition to the above concerns, consider analyst sentiment. * 10 Mid-Cap Dividend Stocks to Buy Now You have various analysts with hold ratings or tepid sorts of recommendations for SQ stock with price targets in the $80s or higher. With the stock now under $65, analysts will need to lower their targets, particularly with growth avenues such as Caviar disappearing. I wouldn't be surprised if analyst downgrades and price targets help push Square stock back down to 52-week lows around the $50 mark.At the time of this writing, Ian Bezek owned GS and WFC stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Things Will Keep Getting Worse For Square Stock appeared first on InvestorPlace.

  • Accenture (ACN) Completes Parker Fitzgerald Acquisition

    Accenture (ACN) Completes Parker Fitzgerald Acquisition

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  • 3 Big Stock Charts for Tuesday: Twitter, Lowe’s and Procter & Gamble

    3 Big Stock Charts for Tuesday: Twitter, Lowe’s and Procter & Gamble

    Following through on Friday's bullishness, more hope on the trade front spurred the S&P 500 up to the tune of 1.21%. The move left behind a gap, though, and still left the index under a couple of key moving average lines that could be resistance.Source: Shutterstock Chinese stocks led the charge. Enthused about the prospect of rekindled trade between China and the United States, Baidu (NASDAQ:BIDU) rallied nearly 8% during the regular session headed into its post-close earnings report. But, shares jumped nearly another 9% on numbers investors liked.Iqiyi (NASDAQ:IQ) was up almost 6% during yesterday's regular-hours session, but didn't see the same post-close fate as Baidu. IQ stock fell more than 9% after Monday's closing bell rang. Revenue came up short of expectations and guidance was less than thrilling as well.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHolding the market back was General Electric (NYSE:GE), down 1.4% as investors continue to grapple with recent accusations that its balance sheet under-reflected its true risks. * 15 Growth Stocks to Buy for the Long Haul As for names worth a closer, trading-oriented look headed into Tuesday's session, check out the stock charts of Lowe's (NYSE:LOW), Procter & Gamble (NYSE:PG) and Twitter (NYSE:TWTR). Here's what's most noteworthy. Twitter (TWTR)It has been incredibly erratic action, but progressive action nonetheless. That is, Twitter shares are being guided upward, squeezed toward the narrowing tip of an ascending wedge pattern. More recently, TWTR stock has been finding support at levels that suggest the buyers are working on forcing a breakout.That won't be easy, particularly given how overbought Twitter shares are since the bottom made in early 2017. But, the pattern that has taken shape thus far isn't atypical of initial public offerings. Every one has to fall apart sooner than later, but most everyone eventually shrugs it off and works its way into a bullish mode. * Click to EnlargeThe bigger-picture in only evident through the long-term lens of the weekly chart, framed by light blue lines. The upper boundary of that pattern currently rests at $44.70. * Zooming into the daily chart another wedge becomes evident. Framed by red dashed lines, a rising trading range has materialized. There's still room for wide swings though. * Since May, the gray 100-day moving average line and the purple 50-day line have both stepped up as technical support. * Although it's not ideal, the weekly chart also suggests a pretty good cup-and-handle pattern. The brimline, of course, is the ceiling that connects all the major peaks going back to mid-2014. Lowe's (LOW)Lowe's shares haven't made a straight line to their current price since finding a bottom in 2009. In fact, there has been nothing straight about LOW stock for years. But, a well-established bullish trend line has kept the overarching advance intact. The up/down action, in fact, has been oddly reliable for years.Something has changed just within the past few weeks, however, that could finally snap the winning streak. On the other hand, that would require one final but significant technical floor to buckle. The stock could reach that inflection point sometime as early as this week. * 10 Undervalued Stocks With Breakout Potential * Click to EnlargeIt's evident on both stock charts, but more perspective is seen on the weekly chart. That is, Lowe's shares brushed a long-standing floor last week, marked in yellow and tried to push up and off of it. * Although that has been where LOW stock has bounced every pullback thus far, in July, shares made their first lower high in years. That happened the first time after Lowe's shares failed to move above a major peak. That's the horizontal ceiling around $118, marked in blue on both stock charts. * It's subtle, but telling that each MACD peak and subsequent crossunder since the beginning of 2018 has been lower than the last. That points to fading bullish efforts. Procter & Gamble (PG)At the beginning of 2018, most investors had doubts about Procter & Gamble. Although relatively new, David Taylor was capable, but it appeared the company might be beyond anybody's help.The tide turned in a convincing way by the middle of last year though, resulting in a rebound effort that has been tightly defined by a narrow trading range. Although overbought and ripe for a pullback, until it's clear the lower boundary of that range is no longer holding up, the advance has to be respected. That's especially true given the circumstances that have taken shape of late. * Click to EnlargeThe rising trading range is marked with a yellow line on top and a red line on the bottom of both stock charts. It has poked above the ceiling a couple of times, and bumped it yesterday. * The weekly chart offers some needed perspective, but it also shows us something fairly new. That is, the RSI indicator is now deep into overbought territory, thanks to an unusually persistent advance. * Although the 70% gain since mid-2018 leaves P&G shares vulnerable to a pullback, that doesn't inherently mean one will materialize. Notice that the weekly bullish volume bars are, for the most part, on the rise.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 3 Big Stock Charts for Tuesday: Twitter, Lowe's and Procter & Gamble appeared first on InvestorPlace.

  • Telecom Carriers Deploy Divergent Local TV Service Strategies

    Telecom Carriers Deploy Divergent Local TV Service Strategies

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