Month: August 2020

Although the semiconductor industry is — for the most part — absolutely on fire right now, Intel (NASDAQ:INTC) stock has bucked the broader trend. Instead, Intel stock has been crushed by Wall Street on concerns that the company is permanently falling behind the innovation curve. Source: Kate Krav-Rude / Shutterstock.com Specifically, while many peers like
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People outside at an Urban Outfitters store in New York City. Getty Images Check out the companies making headlines in midday trading.  Salesforce —Shares of the software company surged 27% following its blowout earnings. The soon-to-be Dow member reported earnings per share of $1.44, topping estimates by 77 cents, according to Refinitiv. Revenue came in at $5.15
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Struggling mall apparel retailer Urban Outfitters (NASDAQ:URBN) reported surprisingly strong second quarter numbers that smashed depressed expectations. URBN stock popped on the news in late August. Source: Konmac/Shutterstock.com Comparable sales dropped just 13% in the quarter versus a 28% drop in the first quarter. Comparable sales at the Free People brand actually rose 11%. Gross
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DraftKings CEO and Co-Founder Jason Robins speaks during the unveiling of DraftKings headquarters March 26, 2019 in Boston, Massachusetts. Darren McCollester | Getty Images Stocks are once again at record high levels — with the S&P 500 now up over 21% on a one-year basis. That’s following Fed Chair Jerome Powell’s more-relaxed inflation targeting strategy,
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Take a look at some of the biggest movers in the premarket: Tiffany (TIF) – The luxury goods retailer reported a mixed quarter, with revenue below forecasts, but earnings beating analysts’ estimates. Tiffany’s results were helped by an improvement in sales in China, and the company said global sales trends are continuing to improve during
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There’s no doubt that Wall Street loves pointing out big-name tech stocks to buy. These are the darlings of Wall Street at this point. They are not only stealing all the oxygen on the financial shows and publications, but they’re also getting all the money. The S&P 500 has changed its weightings so that it
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Take a look at some of the biggest movers in the premarket: Coca-Cola (KO) – The beverage giant announced a reorganization which will see the current 17-unit business structure changed to nine business units. The realignment will result in an undetermined number of both involuntary and voluntary job cuts, with Coca-Cola planning to offer voluntary
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Thanks to progress in the race to develop an effective novel coronavirus vaccine, Novavax (NASDAQ:NVAX) assumed a higher profile in the competitive pharma world. That’s also true for volatile NVAX stock. Source: Ascannio/Shutterstock.com The Maryland-based vaccine development company has two Covid-19 vaccines undergoing trials. Its efforts are showing some promise and the market certainly took
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