Jim Cramer wants to prepare investors for the next market nosedive. You'd be surprised at the cause!» Read More
*Apple, P&G, Stryker also see headwinds. NEW YORK, Jan 27- A slew of U.S. multinational companies, from DuPont to Procter& Gamble, showed that a strong U.S. dollar hurt their earnings, and several blue-chip exporters said the situation will get worse if the greenback holds its strength. The pain is hitting multiple sectors, including industrial companies such as 3 M Co,...
*Apple also at risk; Microsoft shares plummet on currency concern. NEW YORK, Jan 27- A slew of U.S. multinational companies from DuPont to Microsoft Corp showed that a strong U.S. dollar is hammering their earnings, with several blue chip exporters predicting the situation will get worse if the greenback holds its strength. The pain is hitting multiple sectors...
The impact has crossed sectors, ranging from industrials to technology, affecting companies that garner a large portion of their sales from outside the United States. United Technologies, which gets about 62 percent of its sales from outside the United States, cut its 2015 full-year outlook due to the negative impact from the stronger dollar, sending its...
U.S. stock index futures signaled a sharply lower open as major U.S. corporates missed fourth quarter earnings expectations.
Jan 27- 3 M Co, the maker of adhesives and abrasives including Post-it notes, reported a lower-than-expected 2 percent rise in quarterly revenue, hurt by a stronger dollar. The effect was most marked in Europe, Middle East and Africa, where 3 M's sales fell 6.4 percent. Net income attributable to 3 M rose to $1.18 billion, or $1.81 per share, in the fourth quarter ended...
Some of the names on the move ahead of the open.
Jan 27- 3 M Co, the maker of Scotch tape and Post-it notes, reported a 7 percent increase in fourth-quarter profit as sales rose across its businesses and the company reaffirmed financial targets for 2015.. The company said net income attributable to 3 M rose to $1.18 billion, or $1.81 per share, in the fourth quarter ended Dec. 31, from $1.10 billion, or $1.62 per share, a...
ST. PAUL, Minn.— 3 M's profit rose 7 percent in the fourth quarter and sales increased at all its business units, though revenue fell short of Wall Street expectations. 3 M Co. makes consumer, medical and business products, including Post-it notes, Scotch tape, industrial coatings and ceramics. 3 M expects full-year earnings between $8 and $8.30 per share.
The companies that rattled the market included Microsoft, Caterpillar and Procter& Gamble. It was the biggest one-day decline for the blue-chip index since Jan. 5. "That theme,' Boy, this is the year earnings are going to come back,' suffered a little bit of a setback," said Sean Lynch, co-head of global equity strategy at Wells Fargo Investment Institute.
Whether it's football or the stock market, leadership matters. “Mad Money” host Jim Cramer on the CEOs who have serious game.
Next week marks the most important earnings week of the year, and Jim Cramer thinks a few companies will surprise investors.
Jan 22- For massive conglomerate General Electric Co, the plunge in oil prices stands to both help and hurt. Since 2007, GE has invested $14 billion in this once-fast-growing unit through acquisitions. "We recognize that lower oil prices will affect this business, but no one knows how much yet," said Charlie Smith, chief investment officer of Fort Pitt Capital, which...
Some of Thursday's midday movers:
The U.S. dollar's spike may hit trade and manufacturing as its strength is disruptive to U.S. exports and companies with big overseas sales.
It's time for energy utilities and grids to cut the old-school cord, says Terry Tamminen.
There are three macro themes that are continuing to play out in 2015, all driven by bandwagon mentality.
Microsoft won the software game by selling its Windows suite to the biggest companies. Scott Guthrie's job is to reach some of the smallest.
Jim Cramer is seeing some good signs in the economy right now. Could they be the perfect ingredients for a Santa Claus rally?
China's severe pollution problems have been a boon to at least one big American company.
Companies are rolling out a growing list of lifestyle-oriented benefits aimed at engaging and retaining top talent. Here are the tops.