Shares of AT&T (NYSE: T) climbed more than 6% on Wednesday, following the release of the telecom titan's fourth-quarter earnings report. AT&T added 656,000 postpaid phone subscribers, who pay monthly bills and are generally wireless carriers' most profitable customers. For the full year, AT&T gained a total of nearly 2.9 million of these sought-after subscribers.
A short squeeze occurs when short-sellers rush to cover their positions on a stock. The sudden rush of buying can quickly push a stock price higher. After a tough market year in 2022, some stocks have built up large short-seller followings, potentially priming the pump for a new wave of short squeezes.
Thursday is a big day for tech earnings as Alphabet, Amazon and Apple all are set to report their quarterly results.
Despite a dismal performance in 2022, shares of all-digital bank SoFi Technologies (NASDAQ: SOFI) climbed 50.3% in January. There are lots of reasons for the run-up, not least of which were a better-than-expected performance during the fourth quarter of 2022 and an improved outlook. Will the big gains SoFi made in January fizzle out in February, or is the stock at the beginning of a much longer bull run?
In this market, the last thing investors have been rewarding this earnings season is a bottom-line miss vs. expectations of any magnitude. Except if you are Meta.
The Nasdaq Composite dipped into a bear market last year, and the tech-heavy index is still 28% off its high. Investors often overreact to good and bad news, so stocks tend to rise too high during bull markets and fall too far during bear markets. Warren Buffett hinted at that quirk of human nature when he said, "Be fearful when others are greedy, and be greedy when others are fearful."
Hanesbrands shares lost nearly a fifth of their value after the apparel maker eliminated its dividend to shore up its balance sheet as sales continue to slump. The company, reporting earnings on Thursday, said it swung to a fourth-quarter loss on a 16% decline in sales during the period, as consumers pulled back in the U.S. and international markets, and retailers cut orders to reduce their inventory positions. Total sales were down 8% in 2022 and are expected to fall again this year, prompting Hanesbrands to push an $8 billion annual sales target back by two years to 2026.
Brent Thill, Jefferies Equity Research Analyst, analyzes Meta's stock pop after earnings. You can see the full interview here. Key video highlights 00:25 On how Instagram has improved 00:40 On better ad targeting 00:55 On other social platforms 01:30 On the stock move
If you want to know who really controls Bright Green Corporation ( NASDAQ:BGXX ), then you'll have to look at the...
The e-commerce giant is greatly positioned to benefit from the Chinese economy reopening and provide long-term value.
Dividend investors should consider loading up on these stocks as this could be a good year for both of their businesses.
The S&P 500 dipped by 19% in 2022, but stocks still don’t seem cheap to Charlie Munger, Warren Buffett’s billionaire partner at Berkshire Hathaway. “In my whole adult life, I have never hoarded cash, waiting for better conditions,” Munger said in an interview in late 2022. “I’ve just invested in the best thing I could find.” Yet he acknowledged that Berkshire Hathaway is sitting on billions of dollars in cash. The reason isn’t that Buffett and Munger think they can wait for stocks to get even ch
Stanley Black & Decker (SWK) delivered earnings and revenue surprises of 69.70% and 3.29%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Shares of Waste Management (NYSE: WM) slumped after it reported its fiscal year and fourth-quarter earnings. The company fell short of analyst expectations, but Jamie Louko explains why he's still holding on to shares of this stalwart in this episode.
These tech stocks have gotten off to a flying start this year, and may spring a positive surprise following a woeful 2022.
When Hindenburg Research revealed a short position in Adani Group last week, some U.S. investors said they were intrigued about the actual mechanics of its trade, because Indian securities rules make it hard for foreigners to bet against companies there. Its allegations, which the Indian conglomerate has denied, have wiped out more than $80 billion of market value from its seven listed companies and knocked billionaire Gautam Adani from his perch as the world's third-richest man. On Wednesday, a $2.5 billion sale of shares by one of its companies Adani Enterprises was called off.
Do you want the good news about the Federal Reserve and its chairman Jerome Powell, the other good news…or the bad news? Powell and his fellow Fed committee members just hiked short-term interest rates another 0.25 percentage points to 4.75%, which means retirees and other savers are getting the best savings rates in a generation. Maybe even better, you can lock in interest rates of inflation (whatever it works out to be) plus 1.6% a year for three years, and inflation (ditto) plus nearly 1.5% a year for 25 years, through inflation-protected Treasury bonds.
Shares of hydrogen fuel cell star Plug Power (NASDAQ: PLUG) jumped 4.7% through 11:45 a.m. ET Tuesday morning after the company secured a long-term supply agreement with British hydrogen technologies company Johnson Matthey (LSE: JMAT). Under the terms of the agreement, Johnson Matthey will supply Plug with components for membrane electrode assemblies and specifically with "catalysts, membranes, and catalyst coated membranes (CCM)" -- essential parts for building fuel cells. Plug says that partnering with Johnson Matthey will "strengthen its supply chain and help meet the growing demand for fuel cells and electrolyzers."
Merck & Co. posted better-than-expected fourth quarter earnings Thursday, thanks in part to impressive sales of its blockbuster cancer treatment Keytruda, but forecast softer near-term profits, sending shares lower in pre-market trading. Merck said adjusted earnings for the three months ending in December came in at $1.62 per share, down 10% from the same period last year but firmly ahead of the Street consensus forecast of $1.54 per share. Group revenues, Merck said, rose 2% to $13.83 billion, against the $13.67 billion tally forecast by analysts that cover the pharma giant.
Markel (MKL) delivered earnings and revenue surprises of 41.58% and 4.59%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
The Federal Reserve boosted its influential interest rate yet again Wednesday, even as more signs indicate that inflation is cooling. It hiked the benchmark’s key rate by a quarter of a basis point, bringing it to the 4.5%–4.75% range. One basis point is equal to one hundredth of a percentage point.
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