Health-related stocks dominated the IPO market on Friday, accounting for all six of the companies making their debuts.
In this updated daily bar chart of JD, below, we can see that our advice on not being in a rush to buy was either luck or skill. JD has been hit with selling in recent days and is close to making a new low as the potential support in May is breaking. The daily On-Balance-Volume (OBV) line has been in a downtrend since November and tells us that sellers of JD have been more aggressive for several months now.
(Bloomberg) -- Tencent Holdings Ltd. said it was suspending new user registrations for its WeChat services, adding to uncertainty for the technology sector that’s in the midst of a two-day selloff.WeChat, which already has more than 1 billion users, is undergoing a “security technical upgrade” in accordance with relevant laws and regulations, Tencent said in an online statement. It expects to resume new individual user registrations around early August.Investors have fled Tencent and its interne
See: We have $8 million saved for retirement, are in our early 50s and want to retire early, but are worried about healthcare expenses — what can we do? Before you get discouraged or angry, know that there are many, many variables that go into determining if one will be secure in retirement. It’s also important to note that anything can change, and even people who have amassed a million dollars or more for retirement could find themselves in a predicament that forces them to go back to work or adjust their spending.
GE earnings topped views and reported a surprise cash flow. Raytheon also beat. The aviation rivals moved toward buy points.
Shares of General Electric Co. shot up 4.0% in premarket trading Tuesday, after the industrial conglomerate reported second-quarter profit and revenue that beat expectations, and surprisingly generated positive free cash flow. On a net basis, the loss per shares narrowed to 14 cents from 26 cents, while excluding nonrecurring items, GE swung to adjusted earnings per share of 5 cents from a loss of 14 cents to beat the FactSet EPS consensus of 3 cents. Revenue rose 9% to $18.28 billion, above the
(Bloomberg) -- A deepening selloff in Chinese stocks spread to the bond and currency markets on Tuesday as unverified rumors swirled that U.S. funds are offloading China and Hong Kong assets.The speculation, which included talk that the U.S. may restrict investments in China and Hong Kong, triggered a late afternoon bout of selling by traders in Asia who had already been dumping stocks in the crosshairs of Beijing’s sweeping regulatory crackdowns. The Hang Seng Tech Index plunged as much as 10%
Snap (NYSE: SNAP) posted a dazzling second quarter report on July 22, and the stock skyrocketed to an all-time high the following day. Snap's revenue and DAUs rose at their fastest rates in four years. For the third quarter, Snap expects its revenue to rise between 58% and 60% year over year and for its adjusted EBITDA to increase between 79% and 114%.
What happened Shares of Moderna (NASDAQ: MRNA) slipped 3.7% on Monday as of the market close. The decline appeared to be related to a report in The New York Times that said the U.S. Food and Drug Administration (FDA) requested that COVID-19 vaccine makers expand their clinical trials for children between the ages of five to 11 before seeking emergency use authorization (EUA).
Sales for these companies are expected to increase between 270% and 1,100% over the next four or five years.
(Bloomberg) -- Intel Corp., playing catch-up in semiconductor technology after losing its long-held dominance, vowed to become the industry leader again in 2025 by rethinking some of the fundamentals of how chips are made, and signed up rival Qualcomm Inc. as a manufacturing customer.Santa Clara, California-based Intel aims to step up innovation and is changing the approach used to measure progress in chip production, arguing that the current system gives competitors Taiwan Semiconductor Manufac
After spending $45.5 billion on available spectrum in 2020, there may be a concern that Verizon has taken on too much debt and bet too much on 5G wireless with too little return on the horizon. If Verizon stock is going to break out of its malaise, the company is going to have to show it can add connections at a faster pace, increase revenue growth, and report higher profits that could be used to pay dividends or reduce debt. Verizon recently reported second-quarter financial results, and there was a lot for investors to like.
Nvidia chips power a future of self-driving cars and cloud gaming, while the global semiconductor market is in a supply crunch. Is Nvidia stock a good buy now?
Yahoo Finance’s Julie Hyman, Brian Sozzi, and Myles Udland break down the market action for Chinese stocks amid the country’s crackdown on tutoring companies.
3M Co. said Tuesday it had net income of $1.524 billion, or $2.59 a share, in the second quarter, up from $1.306 billion, or $2.25 a share, in the year-earlier period. Adjusted per-share earnings were also $2.59, ahead of the $2.28 FactSet consensus. The diversified industrial company and maker of Post-It notes said sales rose to $8.950 billion from $7.176 billion, also ahead of the $8.525 billion FactSet consensus. The company is now expecting full-year sales to grow 7% to 10%, up from prior gu
Fewer microphones for Musk should mean fewer chances to lay potential landmines in Tesla's path.
News that the government was suffocating the Chinese education sector weighed on tech stocks as well.
The electric-vehicle startup is the latest company in the sector to consummate a blank-check merger.
Intel Corp. shares declined steadily in the extended session Monday, handing back daily gains, after the chip maker revealed its "road map" and repackaging plans for its future products.
Dow Jones futures fell Tuesday, as Tesla stock jumped on earnings. Apple leads four tech giants reporting earnings late Tuesday.
Hundreds of Chinese companies are listed on U.S. markets. China is the world's most-populous nation and the second-largest economy with a booming urban middle class and amazing entrepreneurial activity. Often dozens of Chinese stocks are among the top performers at any given time, across an array of sectors.