In this article PEP A trader works on the floor of the New York Stock Exchange. NYSE Everyone knew earnings were going to be good, but this is really good. “There’s evidence every day that growth is clearly improving around the world, today from the US to Australia,” Ed Hyman, chairman and head of the
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Traders on the New York Stock Exchange. Source: NYSE This is a very powerful rally. The combination of surprisingly strong economic reports and even more surprisingly strong earnings reports is pushing broad swaths of the U.S. stock market to new highs. Even the technicians are impressed. “The vast majority of NYSE stocks are in intermediate-term
Traders on the floor of the New York Stock Exchange. Source: NYSE The market is showing some signs of exhaustion, and with good reason. Most major parts of the market have run up significantly in the past month. But there is a growing chorus warning that we are at “peak everything.” That is, peak earnings
Traders on the floor of the New York Stock Exchange. Source: NYSE The reopening story is now getting very real, at least for Wall Street. The latest earnings reports are chock-full of companies reporting earnings above expectations, and most importantly, raising guidance. Take steel maker Nucor, which reported what CEO Leon Topalian called the “most
President Joe Biden addresses a joint session of Congress at the U.S. Capitol in Washington, U.S., April 28, 2021. Doug Mills | Reuters If the stock market is considered a barometer of success, President Joe Biden’s first 100 days in office is starting off with a bang — a big bang. Since the election, the
In this article V GOOGL MSFT SBUX AMD AMGN TXN People wear protective face masks outside Starbucks in midtown as the city moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 23, 2020 in New York City. Noam Galai | Getty Images Check out the companies making headlines
Take a look at some of the biggest movers in the premarket: Alphabet (GOOGL) – Alphabet reported record profit for the second consecutive quarter, earnings of $26.29 per share compared to a consensus estimate of $15.82 a share. Revenue beat forecasts, and the Google parent also announced a $50 billion share buyback. Shares jumped 5.1%
In this article AAPL EBAY F FB QCOM EBay Inc. signage is displayed at the entrance to the company’s headquarters in San Jose, Calif. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell on Wednesday: Apple — The technology giant’s stock ticked up 2.9% after the company
Take a look at some of the biggest movers in the premarket: Facebook (FB) – Facebook exceeded analysts’ forecasts by $1.03 a share, with quarterly profit of $3.30 per share. The social media giant’s revenue was also well above Wall Street forecasts as digital ad spending continued to surge amid the pandemic. Facebook said ad
A Wawa store hiring sign in Bethany Beach, Delaware. Stephanie Dhue | CNBC The economy could add more than 1 million jobs in April, economists say. Hiring seems to have strengthened as businesses reopen, leading some economists to make big predictions for the number of jobs added during the month. The April employment report is
Facebook’s logo displayed on a phone screen and keyboard. Jakub Porzycki | NurPhoto via Getty Images Check out the companies making headlines in midday trading. Ford — Shares of the automaker fell more than 9% on Thursday after Ford said it expected to lose half of its second-quarter production due to the global semiconductor shortage.
In this article CRUS X SWKS WDC FSLR GILD AMZN TWTR The Twitter App loads on an iPhone in this illustration photograph taken in Los Angeles, California. Mike Blake | Reuters Check out the companies making headlines after the bell on Thursday: Twitter — Shares of the social media giant fell 9% after the company’s
Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter shares plunged 12.4% in premarket trading after it warned of rising expenses and a possible slowdown in user growth. Twitter beat estimates for its latest quarter by 2 cents a share, with earnings of 16 cents per share. Revenue
Chris Ratcliffe | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Amazon — The e-commerce giant saw its shares gain 1% in midday trading after it reported a record first-quarter profit. The Seattle-based firm said profits more than tripled to $8.1 billion and January-to-March sales soared 44% to $108 billion. The results
Traders on the floor of the New York Stock Exchange. Source: NYSE April’s jobs report and a barrage of earnings news make for another busy week for markets, as the calendar rolls into May. Stocks notched solid gains in April, as REITs, consumer discretionary names and communications services companies outpaced the broader market, all more
If you are thinking about buying shares of Microsoft Corp., or already own them, you need to understand key metrics and issues related to the company. The numbers, below, show how Microsoft MSFT stacks up against competitors, and where its strengths and weaknesses lie. Keep in mind that no two companies are alike — even
The special purpose acquisition company (SPAC) craze has reached epic proportions. Today we examine Clover Health (NASDAQ:CLOV) stock, which went public by merging with Social Capital Hedosophia, a blank check company that existed solely to find investments like this. Source: Shutterstock Further, I can say “it’s a Chamath company” and most would know I mean.
The recent selloff in electric-vehicle (EV) stocks is a moment for reflection. After an amazing 2020, these exciting stocks are finally letting off some steam. Investors are turning their attention toward traditional stocks associated with the broader economic recovery. However, that does not mean you should abandon the ship. Instead, I will recommend playing with
Historically, extreme speculation tends to correct sharply to the downside. Eventually, the market loses willing buyers at the top, causing the bubble to burst. Naturally, many have looked to tech stocks as the source for the next big collapse. Still, with the Nasdaq index recently hitting an all-time high, it’s not looking very encouraging for
Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), the parent company for Google, just reported huge gains in earnings and free cash flow (FCF) for Q1 2021. The implication is that the company will continue to produce massive amounts of FCF over the coming year. Based on this, GOOGL stock is worth at least 35% more than today, or $3,253