TE Connectivity Earnings Show Cloud Spending Is Flat. It Will Rise Again.
TE Connectivity reported fiscal-first-quarter earnings of $1.53 per share, beating analysts' expectations, on sales of $3.8 billion.
TE Connectivity reported fiscal-first-quarter earnings of $1.53 per share, beating analysts' expectations, on sales of $3.8 billion.
The Biden administration’s new stock buyback tax will have little impact on the overall stock market. This tax has set off alarm bells in some corners of Wall Street, on the theory that buybacks were one of the biggest props supporting the past decade’s bull market — and anything weakening that prop could lead to much lower prices. One reason is that the new excise tax — whether 1% or 4% — is applied to net buybacks — repurchases in excess of how many shares the corporation may have issued.
The chipmaker's guidance for the current quarter isn't great, but there's more to it than meets the eye.
NIO Inc. (NIO) closed the most recent trading day at $10.92, moving -0.09% from the previous trading session.
We’ve seen the markets take a breather recently and that is hardly surprising considering the year-to-date rally. Stocks charged out the gate in 2023 as if in a hurry to consign 2022’s annus horribilis to the history bins. Observing the sharp and abrupt shift in sentiment, BlackRock's bond chief Rick Rieder has called the surge "extraordinary." However, Rieder, who handles around $2.4 trillion in assets, is not quite ready to get the bull outfit on just yet. Given the widespread compression in p
Yahoo Finance's Julie Hyman breaks down notable business headlines, which include BP posting record profits and slowing its shift away from oil, Apollo Global Management exploring a stake in a Credit Suisse unit, and SoftBank's vision fund battling hit by a tech slump. (Apollo Global Management is Yahoo Finance's parent company.)
C3.ai (NYSE: AI) and Palantir (NYSE: PLTR) represent two different plays on the secular growth of the enterprise AI software market. C3 develops AI algorithms that can be integrated into an organization's existing software to automate tasks, improve employee safety, cut costs, and detect fraud. Palantir's platform accumulates large amounts of information from disparate sources to help organizations make better data-driven decisions.
Overall, economic growth has slowed down over the past year or so, and many businesses are suffering as a result. In fact, some well-established businesses with clear paths to profitability are still growing at annualized rates of 50% or more -- and here are two that look especially promising. In the latest quarter, CrowdStrike's revenue grew 53% year over year despite the challenging economic climate, and while the company isn't consistently profitable yet on its bottom line, it is generating more free cash flow than ever before.
MARKET PULSE On the same day CVS Health Corp. (CVS) announced a $10.6 billion deal to buy Oak Street Health Inc. (OSH) the health care services and drug store chain reported a big fourth-quarter revenue beat.
Amazon has struggled amid the challenging economic environment, and the near-term outlook remains grim.
Image source: The Motley Fool. Lumen Technologies (NYSE: LUMN)Q4 2022 Earnings CallFeb 07, 2023, 5:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGreetings, and welcome to the Lumen Technologies fourth quarter 2022 earnings conference call.
The U.S. inflation rate tipped the scales at its highest level in 40 years (9.1%), and the all three major U.S. stock indexes were, at one point, firmly entrenched in a bear market. A stock split is an event that allows a publicly traded company to alter its share price and outstanding share count without any impact to its market cap or operations. A forward stock split reduces a company's share price to make it more nominally affordable for retail investors.
Today we're going to take a look at the well-established Ford Motor Company ( NYSE:F ). The company's stock led the...
Inflation has been a massive issue for nearly every major country for the past year or so. Consumers and corporations alike have felt the pain, with the previous four quarters of earnings proving to be relatively lackluster. While inflation is slowly declining, it has caused the debt of the U.S. and other countries to soar. Between strong inflation and the massive debt burden, the founder of the world's largest hedge fund is sounding the alarm. Bridgewater Associates Founder Ray Dalio has grown
PayPal shares have started 2023 off on the right foot, up more than 10% year-to-date. Can a strong earnings release provide more fuel?
Fortinet (FTNT) delivered earnings and revenue surprises of 12.82% and 0.75%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
CVS Health is buying Oak Street Health in an all-cash transaction. The healthcare company also beat analysts’ estimates for fourth-quarter earnings. CVS (ticker: CVS) will pay $39 a share, valuing Oak Street (OSH) at an enterprise value of $10.6 billion, the company said Wednesday.
Our call of the day from the president of Seabreeze Partners Management's Doug Kass, says beware of this market that has the quants at the wheel.
The Biden administration eyes the profit boost that is the stock buyback.
Stocks have started 2023 with a 7% gain on the S&P 500, and 13.5% gain on the NASDAQ. It’s a solid performance to start the year, but will it last? According to Emmanuel Cau, the head of European equity strategy at Barclays, we might not be fully out of the woods yet. "Despite a still sticky labor market, softening US data (ISM down further below 50, weaker housing data) seem to matter for central banks' reaction function, which now appears more balanced between fighting inflation and preserving
Pfizer (PFE) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.