Yahoo Finance Live's Jared Blikre breaks down Mizuho's price target cuts on EV competitors Tesla and Nio.
Most stocks slumped heading into the close aside from the cannabis sector, which surged on news of President Biden pardoning all prior federal offenses for simple marijuana possession.
It works out to $93K per person.
The move comes amid growing pushback on the program.
Costco offers a very simple proposition to its members. Basically, Costco offers no frills -- its stores aren't just called warehouses, they actually are warehouses -- and items are basically just stacked on pallets. Costco also puts relentless pressure on its vendors to squeeze out every penny of cost from each item.
Levi Strauss, AMD and Tilray are among the top trending stocks in after hours trading on Thursday, October 6, 2022.
Investors are facing a storm of headwinds right now – a genuine bear market, stubbornly high inflation, rising interest rates, and increased fears of a recession in the near-term. However, Mary Callahan Erdoes, CEO of JPMorgan's Asset & Wealth Management division, advises investors to stay invested. "It's actually the easiest time in the world to find alpha — there is alpha everywhere... It's everywhere, because we are in such a state of change... While all the world is focused on all the black
Two of the major cruise line operators on the scene, Carnival (NYSE: CCL)(NYSE: CUK) and Royal Caribbean (NYSE: RCL), had very different voyages on the stock market Thursday. Carnival didn't quite barrel into an iceberg, but investors nevertheless bailed, sinking its main class of shares by over 6%. On the other hand, Royal Caribbean enjoyed a pleasant sailing, gaining more than 1% on the day.
The chip maker warned that revenue for the third quarter would be lower than expected. CEO Lisa Su said that the PC market has "weakened significantly."
(Bloomberg) -- Uncertainty about the upcoming jobs report pushed the Cboe Volatility Index, or VIX, to close above 30 on Thursday. And someone is wagering that it won’t stop there.Shortly before the market closed, a trader bet that the VIX could increase to 150 by late March. Through a series of block trades, the trader -- most likely one person, according to market participants -- bought 50,000 call options, paying $950,000. It was the most-active VIX options contract Thursday. “It may be seen
Frontline workers are stressed by the limited-time promotion that runs through the end of October.
(Bloomberg) -- Technology stocks are facing more pain after chipmaker Advanced Micro Devices Inc. revived fears about the upcoming earnings season after warning that third-quarter sales were softer than expected.AMD blamed disappointing preliminary results on weakness in the personal computer market, sending its shares and those of other companies involved in the sector lower in postmarket trading. AMD, Nvidia Corp., Intel Corp. and Microchip Technology Inc. were among chipmakers down more than
“If you buy at the (inflation) peak, you do pretty darn well over the next 12 months,” says investment strategist Jim Paulsen.
As a result, late in the trading day many North American weed stocks saw double-digit gains. Canada's Canopy Growth (NASDAQ: CGC) closed more than 22% higher, while compatriot Organigram Holdings (NASDAQ: OGI) rose by 17%. Numerous U.S.-based weedies did even better; Green Thumb Industries (OTC: GTBIF), to name one, advanced by 33%.
With inflation recently soaring over 8%, many income investors would love to acquire dividend stocks that pay out more than 9% annually. But are high-yielding real estate investment trusts (REITs) also good stocks to own? Many are sharply off their 52-week highs. Are dividend cuts in their future? Here are three monthly dividend-paying REITs with over 9% yields to consider: Medical Properties Trust Inc. (NYSE: MPW) is a Birmingham, Alabama-based healthcare REIT that owns and operates 438 propert
Shares of Agenus (NASDAQ: AGEN), a clinical-stage biopharmaceutical company that specializes in immuno-oncology, saw its shares jump 18.4% on Thursday. First, the company on Wednesday said it planned to present data on botensilimab, a therapy that is being studied for its effectiveness as a combination drug or a monotherapy to active T-cell immune responses in patients who have pancreatic cancer, colorectal cancer, or melanoma, a type of skin cancer. Another move that helped push up the stock was the announcement of inside buying of Agenus stock by some members of the company's board of directors on Wednesday, including Susan Hirsch, Wadih Jordan, Ulf Wiinberg, and Timothy Wright, totaling more than 30,000 Agenus shares.
The company cites a weaker-than-expected PC market and “significant inventory correction actions across the PC supply chain.”
The major indexes reversed from short-term levels Thursday with the September jobs report on tap. Twitter fell as Elon Musk made new demands. AMD warned late.
Let's face it - searching for stocks is difficult, especially with so many options available. One way to cut out the bad apples is by focusing on stocks with strong free cash flow.
(Bloomberg) -- Advanced Micro Devices Inc.’s preliminary third-quarter sales missed projections by more than $1 billion, adding to concerns about the sputtering market for personal-computer chips and sending its shares sliding in late trading.Revenue in the period was about $5.6 billion, the company said Thursday in a statement, giving an early peek at numbers that were expected in the coming weeks. The average analyst estimate -- and the company’s own forecast -- had been about $6.7 billion.Lik