Secure Your Books
The way to scare away a bear, according to experts, is to make a lot of noise while rising up to make yourself appear bigger. Sure enough, a loud equity rally to start the year — amplified by ferocious gains in some of the riskiest and most-hated stocks — has indeed sent bears running and … Read more
“Chinese companies are getting pretty competitive for iPhone assemblers. China is doing quite well in pretty much everything, except semiconductors,” Kirk Yang, chairman and CEO of Kirkland Capital, told CNBC’s “Squawk Box Asia” Friday. CFOTO | Future Publishing | Getty Images Here are the notable stocks making moves after hours on Thursday, Feb. 2. Apple … Read more
Estee Lauder (EL) reported a stronger-than-expected second quarter for its fiscal 2023 on Thursday. But shares are down on a weaker view of the next quarter, as sellers focus too much on the near term and not enough on the nascent post-lockdown recovery in China. Revenue fell about 16.5% year-over-year, to $4.621 billion, beating analysts’ expectations … Read more
Here are Thursday’s biggest calls on Wall Street: JMP downgrades Peloton to market perform from outperform JMP downgraded the stock mainly on valuation. “We are downgrading our rating on shares of Peloton from Market Outperform to Market Perform as Peloton reached our prior $16 price target while we leave our FY2024 estimates largely unchanged following … Read more
When Advanced Micro Devices (AMD) reports quarterly earnings next week, the Club holding’s results should not look nearly as bad as longtime rival Intel ‘s (INTC) dismal numbers. AMD’s quarter is unlikely to be perfect and may even be underwhelming in some areas. The semiconductor market — especially on the personal computer side where both … Read more
My top 10 things to watch Thursday, Jan. 26 1. Bond prices getting killed, inversely yields rising, on low number of jobless claims, sign of a still-strong labor market. Fourth-quarter economic growth was 2.9% versus 2.8% expected . Price index in GDP report in-line but much lower rise than Q3. Wall Street rises, looking past … Read more
My top 10 things to watch Tuesday, Jan. 24 1. Big day of earnings for Club holdings as the Dow Jones Industrial Average , the S & P 500 and the Nasdaq look to open lower after back-to-back gains. Three quarterly reports before the bell and Club holding Microsoft (MSFT) after the close. 2. Club … Read more
The Spotify logo hangs on the facade of the New York Stock Exchange with U.S. and a Swiss flag as the company lists its stock with a direct listing in New York, April 3, 2018. Lucas Jackson | Reuters Coming off a week that was packed with corporate earnings and economic updates, it is still … Read more
Google parent Alphabet (GOOGL) on Friday became the latest technology giant to lay off thousands of workers — a move we expected from the Club holding given falling advertising revenue and growing fears of a recession. “I take full responsibility for the decisions that led us here. Over the past two years, we’ve seen periods … Read more
Morgan Stanley ‘s (MS) multiyear transformation plan has been a success, CEO James Gorman said with pride Thursday — and, as shareholders, we see no reason to disagree. “We’ve steadily de-risked parts of the business that got us in trouble during the [Great Financial Crisis], and we obviously made a major push in building up … Read more