DraftKings Stock Surges as Online Betting Company Boosts Revenue Outlook

Text size DraftKings reported revenue of $466 million for the second quarter, beating Wall Street estimates. Scott Eisen/Getty Images for DraftKings DraftKings gave investors a nice surprise Friday. The online sports betting platform lifted its financial forecast, despite a gloomy macro environment and just a few days after rivals Caesars Entertainment and PENN Entertainment reported … Read more

U.S. Stocks Poised to Fall on Monday

Stocks are set to open lower on Monday ahead of another busy earnings week. (Photo by ANGELA WEISS / AFP) (Photo by ANGELA WEISS/AFP via Getty Images) AFP via Getty Images Text size U.S. stocks are set to fall on Monday ahead of another busy week of earnings. On Sunday night, Dow Jones Industrial Average … Read more

Large Fund Sells AMD Stock. It Bought Intel, AT&T and Starbucks.

Text size Dreamstime One of America’s largest public pensions has made big changes in some of its largest investments. In the second quarter, State Teachers Retirement System of Ohio nearly halved an investment in chip maker Advanced Micro Devices (ticker: AMD), and bought more shares of semiconductor rival Intel ( INTC ), telecom firm AT&T … Read more

Kraft Heinz’s Earnings Beat Forecasts. Why the Stock Is Falling Anyway.

Text size Kraft Heinz posted second-quarter adjusted earnings that beat Wall Street expectations. Alex Wong/Getty Images Kraft Heinz posted higher earnings than analysts expected and raised its full-year forecast for organic net sales, but the stock slid anyway as profit margins narrowed. Kraft (ticker: KHC) reported adjusted earnings for its second quarter of 70 cents … Read more

Coca-Cola Beats Earnings Estimates and Lifts Revenue Guidance

Text size Consumer staples like Coke have held up better than the broader market this year. Scott Olson/Getty Images While the rest of the market has fizzled, Coke has had a great year. The company’s second-quarter earnings topped expectations, while its guidance raise bolstered investor confidence that the beverage giant could be well-poised to navigate … Read more

PepsiCo Stock Gains After Q2 Earnings Beat, Sales Forecast Boost

Updated at 7:21 am EST PepsiCo  (PEP) – Get PepsiCo Inc. Report posted better-than-expected second quarter earnings Tuesday, and boosted its full-year sales forecast, as demand in north America continued to drive the group’s top and bottom line growth. PepsiCo said core earnings for the three months ending in June were pegged at $1.86 per share, … Read more

U.S. Stocks Poised for Lower Open on Monday

More than one dozen S&P 500 companies report earnings this week. Spencer Platt/Getty Images Text size U.S. stocks are poised for a lower open on Monday. On Sunday night, Dow Jones Industrial Average futures lost 31 points, or 0.1%, while S&P 500 futures lost 0.2%, and Nasdaq Composite futures fell 0.3%. Crude oil futures (West … Read more

Home Depot Sees Record First-Quarter Sales. The Stock Is Rising.

Text size Home Depot tops first-quarter earnings expectations. Justin Sullivan/Getty Images Home Depot ’s sales rose to the highest ever for the first quarter of the year. The retailer exceeded earnings expectations in the quarter. Earnings per share were $4.09, up from $3.86 a year earlier. Analysts expected earnings of $3.69 a share. “The solid … Read more

PayPal Stock Is Falling. Here’s Why.

Text size PayPal’s has a new interim CFO. Justin Sullivan/Getty Images Walmart said late Tuesday it named John Rainey as its chief financial officer. Rainey currently holds the same position at PayPal Holdings, but his move isn’t the red flag analysts are watching ahead of the payment-processing company’s earnings. Rainey steps into his new role … Read more

Should I Buy HP Stock After Warren Buffett Did?

Text size Shares of HP jumped 15% this past week after Warren Buffett’s Berkshire Hathaway disclosed a large stake. Why the stock still looks cheap. Andrew Harrer/Bloomberg When Bill Hewlett and Dave Packard founded Hewlett-Packard in Palo Alto, Calif., in 1939, Berkshire Hathaway founder Warren Buffett was eight years old. Eighty-three years later, Buffett added … Read more