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Exit of Jorge Gomez after only a day in the job is latest in string of executives to leave biotech group
This trio might be ice cold. But Wall Street says they now have up to 86% upside.
(Bloomberg) -- Get ready for a fresh slump in the world’s most-watched stock index, as economic growth fears spiral and the Federal Reserve embarks on its biggest policy-tightening campaign in decades.Most Read from BloombergWalmart’s Troubles Should Have Everyone on High AlertA $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest EggsHow an Energy Expert Triggered Vladimir Putin With One WordAeroflot Is Back to the Future as Sanctions Ground Its AmbitionsUkraine Latest: Zelenskiy Warns on Tol
The first half of 2022 has been rocky. But Goldman likes this group to bounce back.
If a major recession is coming, the financial guru recommends some fast, concrete moves to protect your money.
On Friday morning, agricultural equipment giant Deere & Company (NYSE: DE) announced that it just grew its profits about twice as fast as it grew its sales. Reporting its financial results for its fiscal second quarter 2022 Friday, Deere said its net sales and revenue came in at $13.4 billion, up 11% year-over-year. In just the first two hours of trading Friday, Deere stock fell 11.5%.
Does the May share price for Pfizer Inc. ( NYSE:PFE ) reflect what it's really worth? Today, we will estimate the...
Market rotation out from this defensive sector could signal the start of stock market capitulation based on the analogue comparison of the global financial crisis in 2008.
Dow Jones futures rose, but be wary after the stock market suffered another week of solid losses as fears grew of a "hard" economic landing.
On Wednesday, the Federal Open Market Committee publishes the minutes from its May monetary-policy meeting, and on Friday, the Bureau of Economic Analysis reports the personal consumption expenditure price index for April.
Nobody knows when a stock (or the stock market) has hit bottom. People can speculate -- and every analyst hoping for a little bit of television fame most certainly will -- but no person, no matter how many past predictions they claim to have gotten right knows when a stock or the market has fallen as low as it will go. Down markets, bear markets, market crashes -- whatever you want to call them follow no rules.
Without investors starting to see a way through challenges and policy markets starting to help, any bear-market rallies aren’t likely to last. This would further damage confidence.
Ally and SoFi have similar business models, but one is a Warren Buffett stock and the other isn't.
Tech stocks have been one of the worst-performing sectors of the market, losing over 20% of their value so far this year. After a 30-year bull run that saw the Nasdaq 100 index gain nearly 4,000%, the tech-heavy benchmark has turned south and is officially in bear market territory. While that's made investors leery of dipping their toes into the sector, particularly when energy stocks have gained over 50% in 2022, now just might be a great time to invest in tech stocks.
Chip maker Broadcom Inc. is in negotiations to buy enterprise cloud-computing company VMware Inc., according to multiple reports Sunday night.
With crude prices currently in the triple digits, oil stocks are paying a gusher of dividends to their investors. Devon Energy (NYSE: DVN) launched the industry's fixed plus variable dividend trend last year after closing its merger of equals with WPX Energy. It set its base dividend payment at $0.11 per share each quarter, a level it could sustain at lower oil prices.
With the world gripped by an increasingly long list of negative macro trends, the market has followed suit, showing a decidedly bearish slant in 2022. Investors have been trying to make sense of the chaos. At times it has appeared as if no stocks can withstand the gloomy macro developments. This kind of market behavior, however, creates opportunities for investors willing to seize a bit of risk. Plenty of sound stocks lose share value just because they get carried along by the general currents.
The Nasdaq Composite fell 9% in the first quarter, as many investors weighed concerns about the strength of the economy. Likewise, billionaire James Simons of Renaissance Technologies doubled down on Tesla (NASDAQ: TSLA), and the stock now ranks as the second-largest holding in his hedge fund.
(Reuters) -Chipmaker Broadcom Inc is in talks to acquire cloud service provider VMware Inc, people familiar with the matter told Reuters. Negotiations between Broadcom and VMware are ongoing and a deal is not imminent, the sources said. The acquisition would further diversify Broadcom’s business away from semiconductors and into enterprise software, following its $18.9 billion acquisition of CA Technologies and its $10.7 billion purchase of Symantec Corp’s security division in the last four years.
(Bloomberg) -- Broadcom Inc. is in talks to acquire cloud-computing company VMware Inc., according to people familiar with the matter, setting up a blockbuster tech deal that would vault the chipmaker into a highly specialized area of software. Most Read from BloombergWalmart’s Troubles Should Have Everyone on High AlertA $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest EggsHow an Energy Expert Triggered Vladimir Putin With One WordAeroflot Is Back to the Future as Sanctions Ground Its Amb
Earnings this week will include Zoom, Best Buy, Toll Brothers, Nvidia, Snowflake, Alibaba, Costco, Dell, and Macy’s. Plus, FOMC minutes, durable goods, and income and outlays data.