U.S. government bond yields rose amid inflation concerns and stocks tumbled as investors rotated out of interest-rate sensitive technology stocks.
Shares of credit card giant Visa (NYSE: V) had dropped 4.5% as of 10:40 a.m. EDT Wednesday despite the company beating earnings in its fiscal fourth-quarter 2021 earnings report released last night. Heading into Q4, analysts had forecast that Visa would earn $1.54 per share on revenue of $6.5 billion. As it turned out, Visa "beat" on both the top and bottom lines, reporting adjusted profit of $1.62 per share on sales of $6.6 billion --and when calculated according to generally accepted accounting principles (GAAP), profit of $1.65 per share -- but that wasn't good enough for investors.
Shares of Mastercard (NYSE: MA) had fallen more than 6% as of 12:07 p.m. EDT today after the company's rival Visa (NYSE: V) reported earnings yesterday. For the fourth fiscal quarter of the year, Visa reported earnings per share of $1.65 on total revenue of $6.6 billion. Payments volume at Visa grew 17% from the fourth fiscal quarter of 2020, while cross-border payments volume jumped 38% on a year-over-year basis.
In this article, we examine Jim Cramer and Cathie Wood’s portfolio management strategies. We also reviewed 10 stocks Jim Cramer and Cathie Wood love the most. You can skip our detailed discussion and jump directly to 5 Stocks Jim Cramer and Cathie Wood Love The Most. CNBC’s Jim Cramer, who dubs Ark Invest’s top stock […]
In this article, we will be taking a look at 10 dividend stocks with over 7% yield. To skip our detailed analysis of dividend investing, you can go directly to see the 5 Dividend Stocks with Over 7% Yield. Although investing in stocks is about much more than high dividend yields, such as long-term dividend […]
Investors are dumping GM's stock in the wake of earnings. Here's one likely reason why.
It's been an amazing 10-year ride for Tesla investors — literally better than any other stock. The wealth created is hard to fathom.
If you can't beat them, join them.
Twitter reported third quarter earnings that missed expectations. Mizuho Analyst James Lee joins Yahoo Finance Live to discuss.
Shares of MP Materials (NYSE: MP) plunged more than 13% by 2:45 p.m. EDT on Tuesday. Weighing on the rare earth mining company stock was a bearish report published by Grizzly Research. Grizzly Research took a swipe at MP Materials.
(Reuters) -Phillips 66 said on Wednesday it will buy the remaining units of Phillips 66 Partners it does not already own for $3.4 billion, as the refiner aims to simplify its governance and corporate structure. Phillips 66 Partners was formed by the refiner to own, operate, develop and acquire primarily fee-based crude oil, refined petroleum products and natural gas liquids pipelines, terminals and other midstream assets. "We believe this acquisition will allow both PSX shareholders and PSXP unitholders to participate in the value creation of the combined entities, supported by the strong financial position of Phillips 66," Chief Executive Officer Greg Garland said in a statement.
The company is navigating supply chain challenges well with a record third quarter and even better guidance.
These two hot semiconductor stocks have recently pulled back, but which one should investors snap up?
Shares of artificial intelligence-powered fintech provider Upstart (NASDAQ: UPST) got shook up on Tuesday, down 10% as of 3 p.m. EDT after investment bank Jefferies revoked its buy rating on the stock and downgraded Upstart to hold. The analyst also worries that at present valuations -- it has a $25 billion market cap -- Upstart's stock price already "reflects strong and successful market penetration in the personal and auto loan categories over the next few years."
A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […]
Bristol Myers Squibb topped third-quarter estimates on Wednesday as two cancer treatments helped drive growth, but BMY stock toppled.
Opinions vary on whether plant-based meat substitutes are a blessing or a curse. Others will balk at the laundry list of ingredients necessary to make processed fake meat look and taste like real meat.
Yahoo Finance's Emily McCormick breaks down the numbers to know from Alphabet's Q3 earnings report.
Yahoo Finance's Jared Blikre breaks down Robinhood's Q3 earnings report.
Regardless of what the officials do, you can take action to protect your portfolio.
Shares of defense industry giant Lockheed Martin (NYSE: LMT) tanked Tuesday morning, trading down by 12.1% as of 12:32 p.m. EDT even though the company reported a sizable earnings beat. Lockheed Martin's earnings plunged by 65% year over year to $2.21 per share in the third quarter -- a result that easily surpassed analysts' consensus projection for earnings of $1.97 per share. Without that charge, it would have earned nearly $7 a share and grown its earnings nearly 11% when calculated according to generally accepted accounting principles (GAAP).