In his Harvard University commencement speech last month, Facebook Inc. (Nasdaq: FB) CEO Mark Zuckerberg made a chilling prediction…
Technology and automation will make many jobs obsolete.
We are likely to see “tens of millions of jobs replaced by automation,” said Zuckerberg.
And he’s right.
According to a January 2017 report from The McKinsey Global Institute entitled “Automation, Employment, and Productivity,” the next 20 years are expected to produce a veritable “robotics gold rush” in America.
The report claims that the manual labor and customer service industries will be hit especially hard. And because of this shift to workplace robotics, “millions of employees in these sectors could be forced to learn new skills or change career roles entirely over the next two decades.”
Even more concerning, American jobs are more at risk than other developed nations. In fact, in the United States, 38% of jobs could be at risk of automation, compared to 30% in Britain, 35% in Germany, and 21% in Japan, according to a recent analysis by PwC.
Top 5 Gold Stocks To Own For 2018: Flowserve Corporation(FLS)
- [By Lisa Levin]
Companies Reporting After The Bell
NVIDIA Corporation (NASDAQ: NVDA) is estimated to post quarterly earnings at $1.45 per share on revenue of $2.89 billion.
News Corporation (NASDAQ: NWSA) is projected to post quarterly earnings at $0.07 per share on revenue of $1.99 billion.
Symantec Corporation (NASDAQ: SYMC) is estimated to post quarterly earnings at $0.39 per share on revenue of $1.19 billion.
Pilgrim's Pride Corporation (NASDAQ: PPC) is projected to post quarterly earnings at $0.54 per share on revenue of $2.65 billion.
Hawaiian Electric Industries, Inc. (NYSE: HE) is expected to post quarterly earnings at $0.38 per share on revenue of $556.81 million.
Air Lease Corporation (NYSE: AL) is estimated to post quarterly earnings at $1.01 per share on revenue of $383.37 million.
Flowserve Corporation (NYSE: FLS) is expected to post quarterly earnings at $0.27 per share on revenue of $880.89 million.
Civitas Solutions, Inc. (NYSE: CIVI) is projected to post quarterly earnings at $0.12 per share on revenue of $396.25 million.
The Trade Desk, Inc. (NASDAQ: TTD) is estimated to post quarterly earnings at $0.1 per share on revenue of $73.23 million.
Amdocs Limited (NYSE: DOX) is projected to post quarterly earnings at $0.95 per share on revenue of $980.50 million.
Yelp Inc. (NYSE: YELP) is estimated to post quarterly loss at $0.04 per share on revenue of $220.14 million.
Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) is expected to post quarterly earnings at $0.43 per share on revenue of $210.01 million.
TiVo Corporation (NASDAQ: TIVO) is projected to post quarterly earnings at $0.37 per share on revenue of $198.62 million.
Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) is expected to post quarterly earnings at $0.17 per share on revenue of $153.87 million.
Uniti Group Inc. (NASDAQ: UNIT) is estimated to post quarterly earnings at $0.01 per share on revenue of $247.16 million.
Jagged Peak En
- [By Garrett Baldwin]
Alphabet Inc. (Nasdaq: GOOGL), Microsoft Corp.(Nasdaq: MSFT), and Apple Inc. (Nasdaq: AAPL) received approval from the U.S. Transportation Department to begin pilot programs for drone delivery services. Missing from the list of approved companies was Amazon.com Inc.(Nasdaq: AMZN). The tech giant has long been an advocate for drone delivery, and its absence came as a surprise to the tech community. It will be a busy day for economic data announcements. Most important will be a report on inflation at 8:30 EDT. Strong price growth has picked up to start the year. This has many economists anticipating that the U.S. Federal Reserve will raise interest rates to stave off additional inflation. Meanwhile, the Bank of England announced that it will hold its benchmark interest rate at 0.5%. The country is still facing economic uncertainty over Brexit.
Three Stocks to Watch Today: BKNG, SHLD, F
A weak guidance report has shares of Booking Holdings Inc.(Nasdaq: BKNG) off 6% this morning. Although the travel site operator easily topped Wall Street earnings and revenue expectations, the firm once known as Priceline offered a weak 2018 outlook. That sent investors heading for the exits.
Sears Holdings Corp. (Nasdaq: SHLD) stock popped more than 16% on Wednesday afternoon. The news came after the embattled retail company announced plans to partner with Amazon.comto sell tires. The plan is part of the company’s broader turnaround strategy to make the retail firm profitable again. Ford Motor Co.(NYSE: F) made a stunning announcement on Wednesday. The company said that it will halt production of its F-Series pickup truck. But the move will only be temporary. A fire at a Michigan plant temporarily caused the automotive giant to run out of parts for the top-selling U.S. vehicle. The shutdown could last several weeks, although the company said it has enough parts inventory to last about 12 weeks. Look for additional earnings reports from Nvidia Corp.(Nasdaq: NVDA
Top 5 Gold Stocks To Own For 2018: Myriad Genetics, Inc.(MYGN)
- [By ]
In the Lightning Round, Cramer was bullish on Dropbox (DBX) , Spotify (SPOT) , Myriad Genetics (MYGN) , Skechers USA (SKX) , Enterprise Products Partners (EPD) and American Water Works (AWK) .
- [By Stephan Byrd]
Myriad Genetics (NASDAQ:MYGN) was up 15.8% during mid-day trading on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $33.91 and last traded at $33.55. Approximately 2,379,822 shares were traded during trading, an increase of 235% from the average daily volume of 709,421 shares. The stock had previously closed at $28.98.
- [By ]
Myriad Genetics (MYGN) : “This is an early stage company. Good spec, bad chart.”
Skechers USA (SKX) : “I think they’re doing well. I think it’s really good and they’ve done a good job.”
Top 5 Gold Stocks To Own For 2018: LKQ Corporation(LKQ)
- [By Dan Caplinger]
LKQ (NASDAQ:LKQ) has found itself an extremely profitable niche in the auto parts and accessories business. By concentrating largely on the specialty and alternative market, LKQ aims to capture higher-margin business that many other parts manufacturers choose not to pursue. That’s generally been a winning formula for the company over the long run.
- [By Chris Lange]
The S&P 500 stock posting the largest daily percentage loss ahead of the close Thursday was LKQ Corp. (NASDAQ: LKQ) which traded down about 19% at $30.43. The stocks 52-week range is $29.60 to $43.86. Volume was 15 million compared to the daily average volume of 1.8 million.
- [By Daniel Miller]
Shares of LKQ (NASDAQ:LKQ), a global distributor of automotive replacement parts, components, and systems with operations in North America, Europe, and Taiwan, are down 17% as of 11:45 a.m. EDT after the company posted a worse-than-expected first quarter thanks to rising costs.
- [By Lisa Levin]
LKQ Corporation (NASDAQ: LKQ) was down, falling around 16 percent to $31.49 following weaker-than-expected quarterly earnings.
Top 5 Gold Stocks To Own For 2018: Mosaic Company (MOS)
- [By Garrett Baldwin]
Oil prices are at levels we haven’t seen in years. U.S. crude topped $70 for the first since 2014, as U.S. President Donald Trump appeared increasingly likely to pull out of the Iran nuclear deal and reinforce sanctions on Tehran. In addition, OPEC has announced plans to bolster prices and cap production. For oil investors, Money MorningGlobal Energy Strategist Dr. Kent Moors says it’s time to buckle up. According to Moors, revoking the Iran deal would cause “price chaos” around the globe. And that’s right as driving season starts in the United States. Here’s more on the coming chaos for oil. In deal news, Blackstone Group (NYSE: BX) announced it will purchase Gramercy Property Trust (NYSE: GPT) for $7.6 billion in cash. Grammercy manages commercial real estate. While this may seem like a boring deal, Blackstone is buying a business that churns out cold hard cash for its investors. We want to keep this deal on your radar, because there are many other deals like this coming down the pipeline. We’re going to be discussing one of the best real estate opportunities available very soon – so keep an eye out for updates.
Three Stocks to Watch Today: AMZN, AAPL, TSN, SBUX
Shareholders of Amazon.com Inc. (Nasdaq: AMZN) cheered statements made by Warren Buffett over the weekend. The Oracle of Omaha said he messed up by not investing in Amazon and Alphabet Inc. (Nasdaq: GOOGL). “I made the wrong decisions on Google and Amazon,” Buffett said on Saturday. “We’ve looked at it. I made the mistake in not being able to come to a conclusion where I really felt that at the present prices that the prospects were far better than the prices indicated.” Buffett says he now has a “very, very, very high opinion” of Amazon CEO Jeff Bezos. The Oracle believes that Bezos has created something that is “close to a miracle.” Apple Inc. (Nasdaq: AAPL) added another 0.6% Monday, to reach $185.00 per share – a new 52-week high. The uptick came after Warren Buffett announced
- [By Joseph Griffin]
The Mosaic (NYSE:MOS) issued its quarterly earnings data on Monday. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.08), Bloomberg Earnings reports. The Mosaic had a negative net margin of 1.45% and a positive return on equity of 3.90%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the business earned $0.04 EPS. The firm’s revenue was up 22.5% compared to the same quarter last year. The Mosaic updated its FY18 guidance to $1.20-1.60 EPS.
- [By Stephan Byrd]
The Mosaic Company (NYSE:MOS) has been assigned an average rating of “Hold” from the nineteen brokerages that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $25.23.
Top 5 Gold Stocks To Own For 2018: CBRE Clarion Global Real Estate Income Fund(IGR)
- [By ]
CBRE Clarion Global Real Estate Income Fund (NYSE: IGR)
A long time StreetAuthority staple, mainly in the Daily Paycheck portfolio, IGR is considered a core real estate fund. As the “global” in its name implies, the fund takes a broad approach, with just 41% of the fund’s holdings allocated to U.S. REITs. Property-type diversification is also broad with just a 24% allocation to the worrisome retail sector. Shares trade at a nearly 12% discount to their net asset value (NAV) at around $7.80 with a yield approaching 7.7%.