The company steps into the earnings fray next week, and BABA stock finds itself once again trading at multi-month lows. Specifically, BABA stock is in a situation very similar to what we saw back in April.
With just a quick glance General Electric (NYSE:GE) and Ford Motor (NYSE:F) appear to be cut from the same cloth. Both were once at the top of their game, but recently, both F and GE stock have been destroyed as the sheer passage of time has made the two companies much less relevant. When one takes a closer look, however, it becomes clear that General Electric and Ford aren’t exactly carbon copies of one another.
The Dow Jones Industrial Average notched a dubious distinction on Wednesday, as U.S. equity benchmarks fell firmly lower. The blue-chip benchmark failed to move 10% above the closing low hit earlier in the year, and has now spent the longest period in correction territory — 131 trading sessions — since the 223 sessions in 1961, according to Dow Jones Market Data. Some market-technician purists believe that an asset must put in a new high to officially emerge from correction phase.
U.S. stock futures are rebounding this morning on easing global tensions. Stocks are rebounding on the promise of resumed U.S./China trade talks and a $15 billion investment in Turkey by Qatar. Strong quarterly reports from Walmart (NYSE:WMT) and Cisco
On August 1st, I made a chart commentary titled Correction Time? Listen to This Grizzly to Decide. I concluded the worst we might see in August was a 5% pullback to S&P 2700.But since then, the market and its sectors have made some decisive moves to indicate
Investors focused on the Medical space have likely heard of Athersys (ATHX), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Medical sector should help us answer this question. Athersys is one of 758 companies in the Medical group.
Canopy Growth, the world's largest marijuana company, is set to report earnings after the closing bell Tuesday. The stock has long been popular among millennials on Robinhood, and Tuesday was no exception. Canopy Growth — the world's largest marijuana company and the first to trade on the New York Stock Exchange — has been a wildly popular stock among millennial investors, and heading into the Canadian company's firs- quarter earnings report, that enthusiasm was only growing.
Microsoft (NASDAQ:MSFT) has experienced an amazing comeback. Just a few short years ago, the company found itself falling behind as its core PC business had fallen out of favor. Under the leadership of CEO Satya Nadella, the company reinvented itself.
If you’re not sure what to make of Advanced Micro Devices (NASDAQ:AMD) here in the shadow of an 1100% gain from AMD stock over the course of the past three years (and a doubling just since early April), you’re not crazy. To that end, if a newcomer to Advanced Micro Devices is weary of diving into a new trade simply because the water you’d be diving into isn’t entirely clear, here’s a quick primer that might put things in perspective. On the off chance you’re reading this and haven’t yet put two and two together, Advanced Micro Devices is in the middle of a turnaround story.
CNBC's Dom Chu reports on JD.com joining Alibaba Group, Xiaomi, Tencent and Huya.com in sinking after its quarterly earnings and what other Chinese stocks to watch.
Walmart (WMT) had a blowout quarter and shares are surging. “The Walmart U.S. business delivered the best quarterly comp sales results in more than a decade,” CEO Doug McMillon said in a statement. A Walmart worker organizes products at a Walmart store in Teterboro, New Jersey, U.S., October 26, 2016.
The company's shares fell more than 27 percent to $1.75 in morning trading, the lowest since it listed on the New York Stock Exchange a week before the launch of the Great Depression in 1929. One of the big names in U.S. retailing, Penney has gone through three chief executives in five years as it struggles to figure out what shoppers want in an industry buffeted by fast-fashion chains and Amazon.com Inc. Chief Financial Officer Jeffrey Davis said the chain might have undermined its traditional customer base of women over the age of 45 by revamping fashion lines to chase younger, trendier shoppers.
Aug.15 -- Rob Sands, Constellation Brands Inc. chief executive officer, explains why the company boosted its stake in Canopy Growth Corp. He speaks with Bloomberg's Scarlet Fu and Lisa Abramowicz on "Bloomberg Markets."
Chinese video streamer iQiyi (NASDAQ:IQ) has been a roller coaster since it was spun-off from Baidu (NASDAQ:BIDU) in late march. At first, IQ stock staged a powerful rally, going from $18 to $46 (as of mid-June). 7 Internet Stocks to Buy
Tech and healthcare jobs dominated the list of highest-paying jobs in America, according to a new report by Glassdoor. Looking at the top-paying jobs across U.S.-based companies, the job search firm pulled salary reports for job titles from July 1 last
As a result, investors targeted U.S. big-cap tech stocks, which have single-handedly bolstered broad market averages in recent months. Facebook (NASDAQ:FB) shares are testing back below their 200-day moving average, succumbing to new post-earnings selling pressure after the company reported weaker-than-expected user growth and warned of constrained profit margins going forward. The spell of “social forever” was broken, as investors realized Facebook’s best days may now be behind it.
NVIDIA Corporation ( NVDA) reports earnings after Thursday's closing bell, with analysts expecting the graphics superstar to report earnings per share of $1.84 on $3.1 billion in revenues. The company beat less aggressive estimates in May's second quarter
A startup called Yoshi delivers gas to people's cars for a monthly fee of $20. Yoshi, which is competing with several companies billing themselves as the "Uber for gas," has been backed by ExxonMobil and General Motors. It currently operates in 16 cities, including Chicago, Los Angeles, and Boston.
Elon Musk tweeted late Monday that he was "excited to work with Silver Lake and Goldman Sachs" in his plan to take Tesla private. However, Bloomberg reported Goldman had no mandate on Tesla at the time, potentially indicated no formal hiring of the
Silver markets have been absolutely hammered during the trading session on Wednesday, slicing through the last vestiges of support. Treasury yields are going to drop, as a fear play, and that of course means that we need more greenbacks.
This has been a market that favors high-growth stocks and not value plays. Obviously, the rising tide of the nine-year-plus bull market has lifted value boats as well. But clearly, the market of late has prioritized revenue growth over profit growth,
The economy continues to be a friendly place for job seekers today, and not just for the ultra-educated — economists are predicting ever-improving prospects for workers without a degree as well. Recently, job-search site Glassdoor compiled a list
The head of Boeing Co.’s 737 jetliner program and site manager for the Seattle-area factory where the popular narrow-body plane is manufactured will retire at the end of the year. Scott Campbell is stepping down after three decades at Boeing, a career that encompassed all of the company’s current commercial aircraft product lines. “Earlier this year Scott came to me expressing his desire to retire and spend more time with his family, and I asked him to stay on for a bit longer,” Kevin McAllister, who heads Boeing’s commercial airplane division, said in a memo to employees.
Nvidia Corp.’s revenue forecast and its performance in gaming and data centers will be scrutinized by investors when the chipmaker reports fiscal second-quarter earnings on Thursday afternoon. Gaming revenue, which accounts for more than half of sales, is expected to be $1.74 billion in the second quarter, an increase of 1.4 percent from the first quarter, according to the average of three estimates compiled by Bloomberg News. Data center revenue is expected to expand 7 percent quarter-over-quarter to $750 million, based on four estimates.
"We believe Boeing shares carry the best upside in the sector," analyst Myles Walton says. UBS raises its 12-month price target to $515 a share. Analysts at Swiss bank UBS have raised their 12-month price target for Boeing BA shares to $515, more than 50 percent higher than their current level.