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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 It will be a big week of fourth-quarter earnings, with about 90 S&P 500 companies scheduled to report. There will be plenty of notable economic data releases for investors to watch out for as well. Highlights will include results from Microsoft , Johnson & Johnson , General Electric , Verizon Communications , and … Read more
The U.S. telecom sector has seen widely divergent performance among its primary players this year, with T-Mobile US soaring past rivals AT&T and Verizon Communications in market capitalization. Verizon stock stumbling to a substantial loss, and AT&T roughly flat. A recent sharp divergence of AT&T and Verizon shares has spurred one of the most influential … Read more
We’ve detected you are on Internet Explorer. For the best Barrons.com experience, please update to a modern browser. We’ve detected you are on Internet Explorer. For the best Barrons.com experience, please update to a modern browser.GoogleFirefox This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients … Read more
Verizon Communications delivered third-quarter results that largely beat expectations and maintained its financial forecast. That doesn’t seem to be enough for that market. Stripping out one-time items, Verizon reported earnings of $1.32 per share, topping analyst expectations of $1.29 per share but down from $1.41 a year ago. Revenue of $34.2 billion was higher than the … Read more
It used to be Verizon Communication ’s world, but wireless now belongs to T-Mobile US —and its stock will continue to benefit. Verizon (ticker: VZ) was the undisputed winner of the 4G era, investing heavily in its network infrastructure and wireless spectrum licenses to build the nation’s best service. Subscriber gains and premium pricing were … Read more
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
AT&T is among the big telecoms reporting earnings this week. Stefani Reynolds / AFP via Getty Images Text size Telecom stocks have been a haven in 2022, with the big U.S. companies leading the market after a challenging 2021 performance. Second-quarter earnings season will be the next test for the group. AT&T (ticker: T) and … Read more
Text size Warren Buffett’s Berkshire Hathaway said it incurred $739 million of realized losses on equity sales in the first quarter. Paul Morigi/Getty Images for Fortune/Time Inc Berkshire Hathaway ’s record quarterly equity purchases of $51.1 billion in the first quarter, including large buys of Chevron and Occidental Petroleum , probably amounted to the biggest … Read more
Text size AT&T has completed the spinoff of WarnerMedia. Justin Sullivan/Getty Images AT&T wrapped up its WarnerMedia spinoff late last week, and the stock was rising on Monday. The stock jumped 8%, to $19.67. AT&T (ticker: T) in February decided to structure WarnerMedia’s divestiture as a spinoff instead of a split-off, or exchange. A split-off … Read more