There’s one big word we are not hearing this earnings season. There are plenty of issues causing agita for investors this earnings season: China, industrial slowdown, auto sales slowdown. The one word that is not being uttered on conference calls: recession. The U.S. consumer — the engine of global growth — is still holding up,
Traders work on the floor of the New York Stock Exchange. Spencer Platt | Getty Images The S&P 500 broke through its previous highs Monday, just as the historically best time of year for stocks got underway. That should give the market fuel for a positive market move into the end of the year, with
The technology sector is hardly worried about the persistent slowdown in smartphone and computer demand. Even though these sectors are mature, the need for more storage, computing power, and connectivity among all devices will still increase. Meanwhile, the ever-increasing computing power in automobiles gives technology companies newfound growth opportunities. As automobiles add more features powered
Over the past year, shares of Qualcomm (NASDAQ:QCOM), the leading chipmaker, are up about 26%. Thanks to its diversified revenue stream and the strength of its technological offering, I believe that QCOM stock belongs in a long-term growth portfolio. Source: Xixi Fu / Shutterstock.com However, there might be some short-term volatility as well as profit-taking, especially ahead
In the recent past, most of the discussions about Qualcomm (NASDAQ:QCOM) have revolved around the launch of 5G. Without a doubt, the rollout of 5G is likely to be a game-changer for QCOM and for several industries. QCOM stock has responded positively to the company’s impending growth opportunity, surging 44% so far in 2019. Source:
U.S. stock futures are trading higher this morning in a continuation of Friday’s strength. Source: Shutterstock Heading into the open, futures on the Dow Jones Industrial Average are up 0.5% and S&P 500 futures are higher by 0.42%. Nasdaq Composite futures have added 0.51%. Bulls ran the tables in the options pits on Friday, with
An anniversary of an explosive rally Inventories say a repeat performance is not in the cards Last week’s low was another higher bottom Seasonality can be a powerful force in commodities markets. In agricultural commodities, the time of the year when uncertainty peaks is during the late winter and early spring in the northern hemisphere.
Barclays told clients it’s “still early” to buy the dip on Amazon, as the e-commerce giant’s period of heavy investment could hurt financials and the stock further before things get better. “Historically it’s a good idea to buy AMZN shares in the 7th-8th inning of its investment cycles, closer to where we are coming out,
Check out the companies making headlines before the bell: 3M – 3M earned an adjusted $2.58 per share for the third quarter, 9 cents a share above estimates. Revenue fell short of expectations, however, and 3M cut its full-year profit forecast as its results are hit by slowing demand in China and other markets. Dow
Artificial intelligence has slowly moved from a science fiction topic to something that has a huge impact on people’s livelihoods and the world around us. Still, it’s common for many companies to use “AI” as a simple buzzword. But it would be a mistake to think that AI is just jargon though. At this point,
With a market cap of over $41 billion, Activision Blizzard (NASDAQ:ATVI) is one of the most important interactive software and content developers, holding the keys to some of the biggest video game franchises. Year-to-date, Activision Blizzard stock is up about 17%. The group is expected to report quarterly earnings on Nov. 7. So what kind of
Considering the sheer number of earnings reports out today, including several from bellwether/marquee companies, it was another listless day for stocks. That’s not necessarily bad nor is it good. It is what is and it means that over the past several days, investors have been taking cues from factors beyond quarterly earnings updates. Source: Venturelli
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Kevin Matras goes over the Filtered Zacks Rank 5 strategy. Learn how it can help you pick the best of the Zacks #1 Rank stocks. Highlighted stocks include AFAM, DKL and DTSI.
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Dara Khosrowshahi, CEO of Uber Technologies, speaks during an Economic Club of Washington event in Washington, DC, June 11, 2019. Saul Loeb | AFP | Getty Images Here are the biggest calls on Wall Street on Friday: Guggenheim initiated Uber as ‘buy’ Guggenheim said Uber has an underappreciated pricing leverage, among other factors. “1) We
Microsoft CEO Satya Nadella speaks at the Digital-Life-Design conference in Munich, Germany, on January 16, 2017. Tobias Hase | picture alliance | Getty Images Check out the companies making headlines in midday trading: Tesla – Shares of Elon Musk’s automaker climbed 17.8% in trading after Tesla reported third-quarter results that surprised Wall Street, delivering a
Given the ongoing trade war and the lawsuits surrounding Qualcomm (NASDAQ:QCOM) stock, recommending buying QCOM stock may seem like a strange call. Also making the call look strange is that, from a chart perspective, Qualcomm stock has offered little to excite investors. QCOM stock is at roughly the same level as it was four months
Bank of America (NYSE:BAC) stock may not be as great a bargain as some have hyped it to be. Yes, BAC stock is cheap. Or it appears to be. And yes, the recent quarterly earnings came in fairly positive and pleased the market. Source: Michael Vi / Shutterstock.com But what lies underneath this story are
So far, earnings season hasn’t been all that exciting. But it has at least been positive — mostly. The S&P 500 has ground roughly 1.3% higher in the last nine sessions; the Nasdaq Composite has gained 1.5%. But the Dow Jones Industrial Average actually declined, thanks in part to weakness at components McDonald’s (NYSE:MCD) and