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Yahoo Finance Plus Costco Stock Slides After Q1 Earnings Miss, Weakening Autumn Sales
Costco's first quarter earnings missed Street forecasts following a pullback in sales over the final weeks of autumn.
Costco's first quarter earnings missed Street forecasts following a pullback in sales over the final weeks of autumn.
A short squeeze occurs when short-sellers rush to cover their positions on a stock. The sudden rush of buying can quickly push a stock price higher. After a tough market year in 2022, some stocks have built up large short-seller followings, potentially priming the pump for a new wave of short squeezes.
Thursday is a big day for tech earnings as Alphabet, Amazon and Apple all are set to report their quarterly results.
In this market, the last thing investors have been rewarding this earnings season is a bottom-line miss vs. expectations of any magnitude. Except if you are Meta.
Brent Thill, Jefferies Equity Research Analyst, analyzes Meta's stock pop after earnings. You can see the full interview here. Key video highlights 00:25 On how Instagram has improved 00:40 On better ad targeting 00:55 On other social platforms 01:30 On the stock move
Despite a dismal performance in 2022, shares of all-digital bank SoFi Technologies (NASDAQ: SOFI) climbed 50.3% in January. There are lots of reasons for the run-up, not least of which were a better-than-expected performance during the fourth quarter of 2022 and an improved outlook. Will the big gains SoFi made in January fizzle out in February, or is the stock at the beginning of a much longer bull run?
January has now been and gone and turned out to be a nice gift for investors. Battered by 2022’s bear, the tech-heavy Nasdaq, in particular, put in an excellent showing, seeing out the month ~11% into the green, in what amounted to its best start to a year since 2001. That signals the appetite for risk is on again and that will be good news for Cathie Wood, the ARK Investment CEO, whose investing style heavily favors disruptors - equities that are naturally positioned at the risky end of the sca
I am 60 years old, married, with no mortgage. We also have $1.1 million in liquid cash and $880,000 in a 401(k). I will have two pensions, which have not started yet, and my wife will have one pension, all … Continue reading → The post Ask an Advisor: I Am 60 Years Old, Have $1.1M Cash, $880K in a 401(k), Several Pensions and Social Security. Should I Retire Now? appeared first on SmartAsset Blog.
The S&P 500 dipped by 19% in 2022, but stocks still don’t seem cheap to Charlie Munger, Warren Buffett’s billionaire partner at Berkshire Hathaway. “In my whole adult life, I have never hoarded cash, waiting for better conditions,” Munger said in an interview in late 2022. “I’ve just invested in the best thing I could find.” Yet he acknowledged that Berkshire Hathaway is sitting on billions of dollars in cash. The reason isn’t that Buffett and Munger think they can wait for stocks to get even ch
Data analytics company Palantir is "responsible for most of the targeting in Ukraine," Chief Executive Alex Karp said Wednesday, elaborating on the U.S. company's work with Kyiv since Russia's invasion last year. Its software helps Ukraine target, for instance, tanks and artillery, a Palantir spokesperson said. The remarks are some of Karp's most direct yet on how Palantir, which got its start two decades ago supporting U.S. intelligence services, is aiding Ukraine's war effort.
The Federal Reserve boosted its influential interest rate yet again Wednesday, even as more signs indicate that inflation is cooling. It hiked the benchmark’s key rate by a quarter of a basis point, bringing it to the 4.5%–4.75% range. One basis point is equal to one hundredth of a percentage point.
Wood’s team identifies 14 distinct technologies they believe will feed off each other.
In our call of the day, LaDuc says cash is the place to be and that investors are "being paid to wait. They're getting very favorable 4.5% on their sitting cash."
Merck & Co. posted better-than-expected fourth quarter earnings Thursday, thanks in part to impressive sales of its blockbuster cancer treatment Keytruda, but forecast softer near-term profits, sending shares lower in pre-market trading. Merck said adjusted earnings for the three months ending in December came in at $1.62 per share, down 10% from the same period last year but firmly ahead of the Street consensus forecast of $1.54 per share. Group revenues, Merck said, rose 2% to $13.83 billion, against the $13.67 billion tally forecast by analysts that cover the pharma giant.
If you find yourself with $1.5 million in retirement savings, you're doing more than five times better than the average retiree, who only has $279,997. It is true that $1.5 million can last indefinitely in retirement if you don't spend … Continue reading → The post How Long Will $1,500,000 Last in Retirement? appeared first on SmartAsset Blog.
The two megabanks that lagged competitors over the course of the bull market run of the past decade, Wells Fargo (NYSE: WFC) and Citigroup (NYSE: C), are outperforming thus far in 2023. Wells Fargo's stock price is up about 13.8% year to date, while Citigroup was up about 14.2%. Wells Fargo, the fourth-largest bank in the U.S. with about $1.9 trillion in total assets under management, has been dogged by regulatory problems over the past several years.
Exxon Mobil ( NYSE:XOM ) Full Year 2022 Results Key Financial Results Revenue: US$402.2b (up 44% from FY 2021). Net...
When Hindenburg Research revealed a short position in Adani Group last week, some U.S. investors said they were intrigued about the actual mechanics of its trade, because Indian securities rules make it hard for foreigners to bet against companies there. Its allegations, which the Indian conglomerate has denied, have wiped out more than $80 billion of market value from its seven listed companies and knocked billionaire Gautam Adani from his perch as the world's third-richest man. On Wednesday, a $2.5 billion sale of shares by one of its companies Adani Enterprises was called off.
The past year reminded investors how volatile the stock markets can be. Dividend stocks can earn you steady, passive income even during tough times, and if the stocks also regularly grow their dividends, you could even build a fortune over your lifetime. If the idea of buying such a dividend stock now to earn a lifetime of passive income appeals to you, here are three stocks to check out right away.
Tesla stock soared 41% in January, its best month since October 2021, leaving investors breathless and wondering what to do next.
Shares of hydrogen fuel cell star Plug Power (NASDAQ: PLUG) jumped 4.7% through 11:45 a.m. ET Tuesday morning after the company secured a long-term supply agreement with British hydrogen technologies company Johnson Matthey (LSE: JMAT). Under the terms of the agreement, Johnson Matthey will supply Plug with components for membrane electrode assemblies and specifically with "catalysts, membranes, and catalyst coated membranes (CCM)" -- essential parts for building fuel cells. Plug says that partnering with Johnson Matthey will "strengthen its supply chain and help meet the growing demand for fuel cells and electrolyzers."