Advertisement
U.S. markets closed
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • Dow 30

    39,807.37
    +47.29 (+0.12%)
     
  • Nasdaq

    16,379.46
    -20.06 (-0.12%)
     
  • Russell 2000

    2,124.55
    +10.20 (+0.48%)
     
  • Crude Oil

    83.11
    -0.06 (-0.07%)
     
  • Gold

    2,254.80
    +16.40 (+0.73%)
     
  • Silver

    25.10
    +0.18 (+0.74%)
     
  • EUR/USD

    1.0790
    -0.0040 (-0.37%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • GBP/USD

    1.2625
    -0.0013 (-0.10%)
     
  • USD/JPY

    151.4190
    +0.1730 (+0.11%)
     
  • Bitcoin USD

    70,840.12
    +1,451.69 (+2.09%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

HP becoming has-been of large cap tech, Facebook jumps ahead net neutrality vote

Investors have just about had it with Hewlett-Packard (HPQ). The Dow (^DJI) member is down 10% after revenue of $26.8 billion missed analyst forecasts. Although adjusted earnings per share of 92 cents narrowly beat forecasts CEO Meg Whitman did cut full year profit goals blaming the stronger U.S. dollar because HP does get over 60% of revenues from overseas. While we can let Ms. Whitman use the currency card this quarter, the problem is HP's multi-year turnaround is just taking too long for many investors who are reluctant to even call it a turnaround at this point.

Get the Latest Market Data and News with the Yahoo Finance App

DreamWorks Animation (DWA) is putting together a fairytale comeback story, at least that is what the stock action is telling us today. The House of Shrek announced a loss of $3.08 a share on revenues of $234 million, both well shy of expectations. Shares initially fell about 10% on the news but started recovering immediately on the open of trading today. The glass is way too half full to consider that DreamWorks lost less than expected when not counting impairment charges related to failed movies from last year. As always there's also a case to be made for a buyout of the company in this age of content premium. Then again DreamWorks is burning cash and down to one planned release for all of 2015. A certain suspension of disbelief might be required before getting long here.

Facebook (FB) shares are performing nicely as the broader markets struggle for direction. Investors perhaps encouraged ahead of tomorrow's Federal Communications Commission vote on net neutrality which is expected to be approved according to reports. Facebook CEO Mark Zuckerberg has long been a staunch supporter of an open internet. While the devil will be in the FCC details and political wrangling could follow, investors seem optimistic.

More from Yahoo Finance

Retail and discretionary stocks are killing it but are they still a buy?

How to bank hundreds of dollars more each month

3 Things to watch instead of Yellen in today's trading game

Advertisement