New day, new thoughts on General Electric: The demise of storied industrial giant General Electric (GE) may be a trending topic on the internet for the next month. That's great -- it gives me something to analyze each day. The attention finally turns away from rich Wall Street firms that have been hammered thanks to GE's stunning stock crash. Now, all eyes turn to the widows and orphans who have looked to GE as the anchor to a relatively safe retirement portfolio. Allow the best personal finance expert on the planet, TheStreet's very own Robert Powell, to guide you into what to do with your GE stock, which is worth way less than it was at this time last year. This is a must-read and something to share.
Best darn CFO in the business: Calling all Fortune 500 companies -- you would be insane not to offer a CEO position to Home Depot's (HD) long-time Chief Financial Officer Carol Tome in the first quarter of 2018. A proven winner quarter after quarter, year after year. Three things I gleaned from chatting with Tome on Tuesday afternoon: First, November sales are off to a good start. This will indeed be a holiday for home improvement spending thanks to the wealth effect of rising home values and stock prices. Second, Tome -- also a board member at UPS (UPS) -- offered one tip to companies looking to improve corporate governance: Don't be so chummy with fellow directors. "I talk to my fellow [UPS] directors, but I don't hang out with them," Tome said. Makes sense, have to stay as shareholder-focused as possible while occupying a board seat. And finally, Home Depot's stores in and around Silicon Valley are on "fire," Tome said. Not too surprised as the tech boom fueled by Facebook (FB) , Apple (AAPL) and others send prices in the Valley surging.
Welcome, Tencent: Tencent Holdings (TCEHY) is within a stone's throw of becoming the first Chinese tech company to top a $500 billion market value, reported the South China Morning Post. Reaching that mark would put Tencent in an elite club led by hi-tech industry stalwarts Apple (AAPL) , Alphabet (GOOGL) , Facebook (FB) and Microsoft (MSFT) . Just a matter of time before Tencent buys the remainder of Snap Inc. (SNAP) and begins studying our user data. Expect the deal to be done mostly in stock.
Bye-Bye Stock Market Rally
No has cared about the prospect of higher interest rates in 2018 and what it would mean to hot areas of global stock markets. Start giving a damn (see chart of Asia market below). The Stoxx Europe 600 Index has notched seven straight days of losses. Japan's Topix has fallen for five consecutive sessions. These have been hot markets. Meanwhile, market leader Apple has under-performed so far this week.
You have been warned.
Only Thing I Care About From Target's Earnings Release
It's this statement from Target (TGT) because it speaks to a fundamental problem all retailers will encounter over the next 100 years. How to make money in an on-demand world; it's not cheap getting packages to people on the go. "Third-quarter gross margin rate was 29.7 percent, compared with 29.8 percent in 2016, reflecting pressure from digital fulfillment costs and the company's pricing and promotion efforts, partially offset by cost savings."
General Electric, Facebook, Apple, XPO Logistics and Alphabet are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells GE, FB, AAPL, XPO and GOOGL? Learn more now.
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