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Steep freight costs led the company to ramp up manufacturing in North America, an NOV executive said.
Yahoo Finance's Ines Ferre breaks down how Boeing and AT&T are trading after the companies reported earnings.
Shares of Clean Energy Fuels (NASDAQ: CLNE) had jumped more than 16% by 10:30 p.m. ET on Wednesday. Clean Energy Fuels provided investors with details on its five-year strategic and financial plan today, including the development of its renewable natural gas (RNG) supply business. RNG is a sustainable fuel produced by organic waste at landfills, farms, and other facilities.
Shares of electric vehicle maker Rivian Automotive (NASDAQ: RIVN) opened higher on Wednesday. After two days of volatile trading, investors and traders appeared to be in a more upbeat mood while awaiting the results of the Federal Open Market Committee's (FOMC) meeting. It has been a wild week for shares of early-stage growth companies, including those of Rivian and other electric vehicle makers.
(Bloomberg) -- Jeremy Grantham got the market’s attention with his “super bubble” call on U.S. stocks. Now he wants to get an even more alarming and urgent message out, one his critics may find harder to accept. Most Read from BloombergA Nor’easter Approaching New York Risks Becoming a Bomb CycloneStock Rebound Fails and Futures Plunge on Earnings: Markets WrapMark Zuckerberg’s Stablecoin Ambitions Unravel With Diem Sale TalksNvidia Quietly Prepares to Abandon $40 Billion Arm BidAstronomers Spot
The precious-metals miner provided an update on reserves at its main mine, and it was not a pleasant read.
The world's most famous glassmaker just beat earnings -- and promised to do it again next quarter, too.
Shares of Nvidia (NASDAQ: NVDA) stock closed down 4.5% on Tuesday after Bloomberg reported that Nvidia's $40 billion bid to buy Britain's Arm Holdings is all but dead. Nvidia may abandon the deal, said Bloomberg, and SoftBank -- Arm's seller -- is already contemplating putting Arm up for an initial public offering instead. When Nvidia announced its intention to purchase Arm back in September 2020, the company explained that it would meet 70% of its $40 billion purchase price by paying in shares.
Markets have reeled since the Federal Reserve announced, through the release of the December minutes, that the central bank would like to take a big whack at its $9 trillion balance sheet rather than keep it at that lofty level. Value stocks, they argue, will continue to be boosted by the transition from quantitative easing to quantitative tightening, as the Fed pivots from fighting deflation to fighting inflation. By and large, the Goldman team says most of the moves in the market have been explained by fundamentals, but it says some defensive sectors, including food and beverages, household goods and personal products, may have rerated too much, while semiconductors may have sold off by too much.
Shares of fuel cell pioneer Plug Power (NASDAQ: PLUG) jumped in Wednesday morning trading and were up 3.6% as of 10:30 a.m. ET. Initiating coverage of Plug stock with a positive rating this morning, Susquehanna Securities praised "Plug's top-line growth potential as the green hydrogen ecosystem develops over the next several years," saying the stock is worth $26 a share, nearly 30% more than it sells for today. Susquehanna admits that Plug stock has a relatively rich valuation, with a projected 2025 multiple of about 5.6 for enterprise value to sales.
The tech stock is down despite F5 reporting better-than-expected revenue and adjusted earnings per share.
Every investor in Alibaba Group Holding Limited ( NYSE:BABA ) should be aware of the most powerful shareholder groups...
Elon Musk has been driving Telsa's new Cybertruck and he thinks it's 'awesome.' An electric truck opens a substantial new market for Tesla.
A lawyer helped us create a “cohabitation agreement” for our house purchase. If things go well, my current company of five years could IPO and make me a multi-millionaire. A cohabitation agreement is smart, especially if you own a home together.
In a conference call with Wall Street analysts, AT&T CEO John Stankey defended the decision to separate HBO Max from Amazon’s channels business. While the move last year caused a significant short-term loss of subscriber momentum, the gain in control of data and customer insight will pay off in the long term, the executive maintained. […]
AT&T's days as a top dividend S&P 500 stock are numbered. But luckily, lovers of rising and high dividends have a new king.
Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett is one of the world's greatest investors. Between Dec. 31, 1964 and Dec. 31, 2021, he oversaw the creation of more than $600 billion in market value and led Berkshire's Class A shares (BRK.A) to aggregate gains in excess of 3,600,000%! Of the more than three-dozen securities Berkshire Hathaway owns in its $350 billion investment portfolio, three stand out as wholly avoidable in 2022.
Peloton (NASDAQ: PTON) stock is in a world of hurt in recent months. The interactive exercise equipment maker initially cut the price of one of its popular products by $400 and is now reversing course and increasing prices. Only a couple of quarters ago, Peloton announced it would be reducing the price of its Bikes by $400.
Investors need to see a recovery in the underlying business more than just a pop in the stock price.
Yahoo Finance Live's Emily McCormick and Adam Shapiro break down several of the trending stocks attempting to correct themselves during this volatile trading week.
Clorox (NYSE: CLX) is one dividend-paying company that thrived at the pandemic onset as folks urgently looked for disinfectant products. The rest of Clorox's product portfolio also performed well as most of them are used at home, and people have been spending a lot more time there. In the beginning of Clorox's fiscal year 2022, sales are decreasing slightly as the fear of contracting COVID-19 diminishes.