Secure Your Books
Despite a Friday stumble, stocks ended a turbulent week with another round of solid gains, keeping 2023’s young but robust stock-market rally very much alive. But a cloud of confusion also sets over the market, and it will eventually need to be resolved, strategists said. Stocks rose early in the week as traders continued to … Read more
Text size AMD stock has fallen by 30% over the last 12 months. Dreamstime After Intel’s disappointing earnings report last week, Wall Street expects weak PC demand to also affect the chip maker’s main rival Advanced Micro Devices. But the big question for investors is whether AMD ‘s strength in server processors and cloud computing … Read more
Text size Carvana stock was surging Monday. MARK RALSTON/AFP/Getty Images Stocks were falling Monday as investors traded cautiously ahead of the Federal Reserve’s decision on interest rates this week and earnings from some of the world’s largest technology companies. These stocks were making moves Monday: Carvana (CVNA) stock surged 36% Monday after jumping nearly 20% … Read more
Text size Julius Baer of Zurich increased its stake in Intel in the fourth quarter. David Paul Morris/Bloomberg A big Swiss bank made a call in chip stocks, and loaded up on media and entertainment shares. Julius Baer of Zurich bought up Intel (ticker: INTC), Walt Disney (DIS), and AT&T (T) stock, and sold the … Read more
Text size Tesla’s stock chart looked terrible at the end of 2022. Now the reads are neutral to bullish. Allison Dinner/Getty Images Tesla stock is hard to figure. It always seems to surprise. Investors could always use help figuring out what comes next. Stock charts are as good a place as any to start. Tesla … Read more
Text size Tesla reported fourth-quarter earnings per share of $1.19 from sales of $24.3 billion. Anna Moneymaker/Getty Images Tesla posted solid numbers in a make-or-break quarter for the electric vehicle giant. But current earnings are less important than guidance. And while a lot remains in flux, Tesla expects to produce the best margins in the … Read more
Text size It was the second consecutive quarter in which Boeing has generated positive free cash flow. Logan Cyrus/Getty Images Boeing appears to have turned the cash flow corner. That’s good news, but investors want to see earnings misses stop. Wednesday morning, Boeing (ticker: BA), reported a fourth-quarter loss of $1.75 a share from $20 … Read more
ASML Holding NV said Wednesday that for the fourth quarter it beat net profit consensus and net sales rose, and that it expects continued strong sales growth in 2023 despite a challenging environment. The Dutch semiconductor-equipment maker ASML, +0.11% ASML, -0.89% said net profit for the period was 1.8 billion euros ($1.96 billion) compared with … Read more
Business Earnings Company generated $4.3 billion in cash flow in fourth quarter
Oil service companies like Halliburton are expected to have strong years. Luke Sharrett/Bloomberg Text size Several energy companies are expected to post record earnings in 2022. Exxon Mobil alone is on track to make about $60 billion. But 2023 is a different story. While the setup is still very strong for most oil-and-gas companies, many … Read more