Stocks Could Keep Rising If the Fed Shows Restraint

Text size As the market rebounds, speculative stocks are stirring. For proof, consider Cathie Wood’s ARK Innovation ETF, up about 40% since mid-June. David Swanson/Reuters/Alamy What bear market? Stocks continued their summer rally this past week as better-than-expected inflation results helped lead to a 3.3% gain in the S&P 500 index, its fourth consecutive weekly … Read more

Novavax slashes sales guidance in half, stock plunges 34%

Novavax Inc. executives slashed their annual sales guidance in half Monday while wildly missing financial expectations, sending shares down more than 30% in after-hours trading. Novavax NVAX, -5.01% now projects total 2022 revenue of $2 billion to $2.3 billion, after previously stating a goal of $4 billion to $5 billion. The U.S. Food and Drug … Read more

Disney, Coinbase, BioNTech, Rivian, and Other Stocks to Watch This Week

Text size Second-quarter earnings season continues this week, while a pair of July inflation figures and consumer sentiment surveys will be the highlights on the economic-data calendar. On Monday, Tyson Foods , BioNTech , AIG, and Take-Two Interactive Software will report. Coinbase Global, Norwegian Cruise Line Holdings , Sysco , and Ralph Lauren go on … Read more

Costco May Have a Huge Workers Problem

Costco  (COST) – Get Costco Wholesale Corporation Report has famously been a good place to work. It even paid its employees $15 an hour way before most places.  Glassdoor is a website where employees can rate their jobs by salaries, interviews, and benefits by providing photos and reviews. Costco has more than 13,000 ratings on the website, with 80% of … 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

Alibaba Stock Has Slumped This Week. Here’s Why.

Text size Alibaba shares have slumped since the company said it would apply for a primary listing in Hong Kong. (Photo by GREG BAKER/AFP via Getty Images) Shares of Alibaba , the Chinese e-commerce giant, fell sharply Friday following a report that said billionaire Jack Ma plans to cede control of Ant Group. Alibaba (ticker: … 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

What to Buy Right Now: 42 Picks From Barron’s Roundtable Pros

To everything there is a season: A time to hide in a bunker with a crash helmet on as stock and bond prices plummet, and a time to wade cautiously into the market in search of newly created bargains. If you’ve been reading the Barron’s Roundtable for a few years, or even decades, you already … Read more

Amazon and Grubhub Strike Deal to Bring Restaurant Delivery to Prime Members

Amazon.com agreed to add Grubhub to its suite of Prime services in the U.S., in a deal aimed at expanding the food-ordering company’s reach by tapping Amazon’s membership program. Grubhub’s parent, Netherlands-based Just Eat Takeaway.com NV said Amazon has an initial option to take a 2% stake in U.S.-based Grubhub, and U.S. Prime members can … Read more