- Oops!Something went wrong.Please try again later.
The gaming hardware specialist's near-term troubles may eventually give way to long-term growth.
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.
Markets are down significantly from record highs; in fact, the NASDAQ has entered correction territory, with a decline of 15% while the S&P 500’s decline is still at ~9%. These price declines come as the Federal Reserve signaled it will be raising rates this year. While higher interest rates will knock down inflation, stock markets are likely to take a tumble when the hikes come – and analysts are predicting anywhere from 2 to 4 rate hikes this year. The end of the central bank’s supportive poli
The pandemic-triggered shift to working, studying and playing online has sustained a strong demand for AT&T's wireless services while a larger shift to streaming platforms for entertainment has helped the company rake in more customers for HBO Max during the quarter. Revenue at Warner Media, which houses HBO and HBO Max streaming service, rose 15.4% to $9.9 billion in the quarter, helping offset some weakness at wireless services, as the company added lesser than expected subscribers who pay a monthly bill.
A leaner AT&T Inc. topped earnings expectations Wednesday as the company continued to narrow its focus on the telecommunications side of its business.
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.
(Bloomberg) -- After a selloff that put global stocks on course for their worst month since the start of the pandemic, strategists from Goldman Sachs Group Inc. to Citigroup Inc. say it’s now time to buy.Most Read from BloombergStock Rebound Fails and Futures Plunge on Earnings: Markets WrapNvidia Quietly Prepares to Abandon $40 Billion Arm BidMark Zuckerberg’s Stablecoin Ambitions Unravel With Diem Sale TalksStocks Storm Back From 4% Rout to Close Higher: Markets WrapThis Red-Hot Housing Market
Shares of NextEra Energy (NYSE: NEE) had declined more than 8% by 3:45 p.m. ET on Tuesday. Weighing on the utility's stock price was news of its management succession plan. NextEra Energy announced a series of senior leadership appointments that will take effect on March 1.
My hopes and dreams for my son were solid, and I was fine cosigning on his school loans as I did the same for his sister. It hurts worse that I’ve lost my son because of this too.I would like to retire someday, I’m hoping for a magic bullet to fix this for me. First up, let’s celebrate all the ways you’re on track as it is: Most likely, the credit card debt you had had a higher interest rate than the student loan debt, and kudos to you for repaying it.
Shares of IBM (NYSE: IBM) climbed 5.7% on Tuesday after the technology giant's fourth-quarter report gave investors hope that its growth strategy was taking hold. The gains were driven by an 8.2% increase in IBM's software revenue, to $7.3 billion, and a 13.1% jump in its consulting revenue, to $4.7 billion. The company's hybrid cloud operations, which help businesses integrate their private computing resources with public cloud services, enjoyed particularly strong growth.
The recent market sell-off took many stocks down a notch. One of such examples is NVIDIA Corporation (NASDAQ: NVDA) – one of the biggest winners in 2021, now trading over 30% below the highs. Yet, our analysis shows that such valuation might be somewhat reasonable.
Upstart Holdings (NASDAQ: UPST) has had a wild ride since it went public in December 2020 at $20 per share. Upstart is a fintech that uses artificial intelligence (AI) to handle loan requests. Upstart's platform uses AI to run through thousands of data points to assess credit risk and make instantaneous decisions about loans.
Top news and what to watch in the markets on Wednesday, January 26, 2022.
President Joe Biden can be heard calling a Fox News reporter a "stupid son of a b----." Peter Doocy tried to question Biden about inflation as journalists were ushered out of White House's East Room where the president was hosting a meeting with economic advisers. Doocy, appearing later on Sean Hannity's Fox program, said Biden had called to apologize.
Stock futures opened lower Tuesday evening after another volatile session on Wall Street, as investors looked to the Federal Reserve's latest monetary policy meeting and press conference to remove some uncertainty on the outlook for monetary policy.
Gilead Sciences, which sold the drug for $3 million less than three years ago, still could come out a winner if the drug is approved by the FDA for patients with the blood cancer myelofibrosis.
If these aggressive price targets are accurate, two of these growth stocks could triple over the next 12 months.
Microsoft Corp gained 3.9% premarket after the Windows maker forecast revenue for the current quarter broadly ahead of Wall Street targets, driven in part by its Intelligent Cloud unit. Texas Instruments Inc rose 4.6% after the chipmaker forecast upbeat current-quarter revenue and said it would sharpen its focus on chips used in the lucrative automotive and industrial sectors. The strong outlook from both the companies lifted tech-related stocks with Meta Platforms, Apple Inc, Google-owner Alphabet Inc, Amazon.com, Advanced Micro Devices and Nvidia Corp rising between 2.1% and 3.7%.
(Bloomberg) -- On the surface, the recent land auction by the Chinese city of Rizhao appeared routine. There were four bids, pushing the price up 11% to $170 million. A closer look reveals something curious: The offers were reportedly made by a finance entity owned by the Rizhao government, meaning the city effectively sold land to itself.Most Read from BloombergStock Rebound Fails and Futures Plunge on Earnings: Markets WrapNvidia Quietly Prepares to Abandon $40 Billion Arm BidMark Zuckerberg’s
Renewable energy investors dodged a bullet on Monday, when a miserable morning for stock markets turned into a more hopeful afternoon, erasing much of those early losses by close of trading. As of 11:40 a.m. ET, shares of solar power play Enphase Energy (NASDAQ: ENPH) are tumbling 5.8%, while fuel cell stars Bloom Energy (NYSE: BE) and Plug Power (NASDAQ: PLUG) are down 7.7% and 8.3%, respectively. In a tic-tac-toe of bad news yesterday, you see, investment bank Truist cut its price targets on Plug, Bloom, and Enphase.
It’s no secret that we’re seeing a market correction right now, and no real surprise, either. From war drums on the Russia-Ukraine border to rising inflation to the prospect of at least three Fed rate hikes coming sooner rather than late -- all are likely to weigh on investors' sentiment. The recent downturn in the market is giving investors an incentive to move toward two of the value segment’s popular choices, stock in companies offering dividends or corporate buybacks. Both bring value to the