Shares of enterprise software giants Snowflake (NYSE: SNOW), Datadog (NASDAQ: DDOG), and MongoDB (NASDAQ: MDB) were plunging on Monday, down by 8.7%, 6.4%, and 9.4%, respectively, as of 3:06 p.m. ET. There wasn't much company-specific news today, although Snowflake reported earnings last week, and MongoDB will report tomorrow. Friday's strong jobs and wages report, combined with today's stronger-than-expected services Purchasing Managers' Index (PMI) reading, showed the economy may be stronger than generally thought -- surprising, especially since recent financial results and guidance in the software industry have been less than stellar.
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In this article, we will discuss the 12 best undervalued energy stocks to buy. If you want to explore similar stocks, you can also take a look at 5 Best Undervalued Energy Stocks to Buy. 2022 has been the year for energy stocks. While all sectors of the economy fluctuated, the energy sector remained relatively […]
Shares of telecom giant Lumen Technologies (NYSE: LUMN) plunged 25.7% in November, according to data from S&P Global Market Intelligence. It wasn't difficult to ascertain why Lumen fell last month: The company announced on its Nov. 2 earnings call that it suspended its generous dividend. In the third quarter, Lumen once again disappointed the markets, with revenue declining 10.2% and non-generally accepted accounting principles (adjusted) earnings per share of $0.14 missing estimates by a wide $0.21.
A strong jobs report these days runs counter to the Fed’s wishes. The line of thought is that if the job market is still too hot, the Fed won’t be keen on loosening its tight monetary policy in the ongoing efforts to tame inflation. And this is a scenario the market is keen to avoid after a series of 75 basis-point hikes this year. But J.P. Morgan Asset Management chief strategist David Kelly thinks the latest numbers flatter to deceive and believes the way the data is reported distorts the real
Shares of the cloud-based software company Salesforce (NYSE: CRM) were falling today after two analysts lowered their price target for the company's stock. Additionally, Slack's CEO said today that he's leaving the company. Slack was purchased by Salesforce last year.
Over the last year, a good number of insiders have significantly increased their holdings in SoFi Technologies, Inc...
Shares of small- and mid-cap Chinese stocks including Tuya (NYSE: TUYA), EHang (NASDAQ: EH), and Lufax (NYSE: LU) were moving higher today after China again took another step away from its zero-COVID policy, boosting investor confidence that the economy would fully reopen in the coming months. Over the weekend, Beijing and Shenzhen announced that they would lift requirements that commuters show negative COVID tests before travel.
It is hard to get excited after looking at Devon Energy's (NYSE:DVN) recent performance, when its stock has declined...
A soft earnings report and bankruptcy at one of its investees was enough to sink this software favorite.
Yahoo Finance Live looks at cannabis-tied shares following President Biden's signing of a marijuana research bill.
VF Corporation cut its earnings forecast and full-year profit outlook for the remainder of the year, citing a decrease in consumer demand, and also announced the departure of its CEO Steve Rendle.
Federal Reserve jitters continued to roil the stock market on Monday, as investors returned to trade on last week's news that nonfarm jobs growth in November was about 30% stronger than expected, and wage growth higher than anticipated as well. As of 12:15 p.m. ET, shares of industrial giants General Electric (NYSE: GE), Johnson Controls (NYSE: JCI), and Deere (NYSE: DE) are all down modestly -- 2.1%, 1.7%, and 1.8%, respectively. The funny thing is, putting the economy to one side for a moment, the specific news on two of these industrial stocks today is actually good.
DEEP DIVE Stocks of companies that raise dividends consistently have outperformed during this year’s bear market. Below is a screen showing which stocks are analysts’ favorites for next year among an expanded list of Dividend Aristocrats.
A strong jobs report has investors questioning how soon the Federal Reserve will be able to ease its rate hiking campaign. Shares of United Parcel Service (NYSE: UPS) got caught in the downdraft, down as much as 3.7% on Monday. Through much of 2022, the market has moved based on sentiment about the Fed, and specifically about whether the central bank's rate-hiking campaign will throw the economy into a recession.
With GDP growth returning and the Federal Reserve potentially slowing the pace of rate hikes, growth stocks are looking good.
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In this piece, we will take a look at the 16 largest semiconductor companies by market capitalization. For more companies, head on over to 5 Largest Semiconductor Companies by Market Cap. The semiconductor industry is among the most popular and lucrative sectors in the world. With chips now starting to be heralded as the ‘new […]
Cowen Managing Director and Senior Research Analyst Jeff Osborne joins Yahoo Finance Live to discuss the top stocks in the EV space, key themes investors should look out for, and which companies are set to benefit from increased demand.
These high-octane income stocks, with yields ranging from 7.7% to 8.4%, are begging to be bought by opportunistic investors.