Readers weigh in on markets in China, auto-callable contingent income securities, options, Bitcoin, and Dominion Energy
AT&T topped Wall Street estimates for the fourth quarter of 2021, with WarnerMedia revenue driving top-line results helped by strong growth of HBO Max. The company also announced that it expects the WarnerMedia spinoff and merger with Discovery to close in the second quarter. AT&T said it plans to host a virtual analyst event in […]
Recent market volatility is enough to make your head spin, and can cause plenty of confusion for retail investors seeking a solid market strategy. It’s tempting to look to the experts, but that raises another question: which experts are the best to follow? Probably the best experts to follow are the corporate insiders. These are company officers, in upper management or the Board of Directors, who have both direct access to their company’s inner workings and a responsibility to their shareholders
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.
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.
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.
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.
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.
U.S. stock futures rose on Wednesday, with a surge in Microsoft lifting Nasdaq 100 futures, while investors keenly awaited the Federal Reserve's monetary policy decision later in the day. The move comes after two days of wild swings, driven by uncertainty about the Fed's next move and rising worries about geopolitcal tensions around Russia and Ukraine. At the close of its two-day meeting, the U.S. central bank is likely to signal the start of an interest rate hike cycle beginning March in an attempt to fight a surge in inflation.
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.
(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
Watching trillions of dollars evaporate gets the imagination reeling. Already three strategists try to find when the S&P 500 might bottom.
NEW HAVEN, Conn. (Project Syndicate)—The Federal Reserve has turned on a dime, an uncharacteristic about-face for an institution long noted for slow and deliberate shifts in monetary policy. While the Fed’s recent messaging (it hasn’t really done anything yet) is not as creative as I had hoped, at least it has recognized that it has a serious problem. Like the Fed I worked at in the early 1970s under Arthur Burns, today’s policy makers once again misdiagnosed the initial outbreak.
DEEP DIVE Monday’s stock-market decline accelerated, and a closer look at the day’s worst performers highlighted painful double-digit year-to-date drops. The Dow Jones Industrial Average (DJIA) was down as much as 820 points (or 2.