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The content-delivery network specialist posted a weak earnings report, but investors expect a sharp recovery.
This isn't shaping up to be a good week for the stocks of leading COVID-19 vaccine makers. Shares of Pfizer (NYSE: PFE) were down 1.6% at 11:27 a.m. BioNTech (NASDAQ: BNTX) stock had fallen 9.4%. Moderna's (NASDAQ: MRNA) shares were 6.2% lower.
The Dow Jones Industrial Average tumbled as stocks sold off amid Treasury Secretary Janet Yellen's default risk warning and bond yields rose.
The duration of the global semiconductor shortage just keeps getting shorter -- and with it, investor confidence in semiconductor stocks like Advanced Micro Devices (NASDAQ: AMD), which closed down 6.1% Tuesday. If you recall, market researcher International Data Corporation (IDC) predicted last week that the dearth of semiconductors, which has hamstrung markets for everything from PCs to automobiles over the past year, will begin easing later this year. Speaking at the Code Conference in Beverly Hills, California, reports CNBC, Su pointed to a number of new semiconductor manufacturing plants coming online over the next few months as evidence that, while supplies will remain "likely tight" through the first half of next year, the chip shortage may end sooner than some investors expect.
Agency head says Republican governor's administration demanded she retire after incident. Kassidy Peters, Noem's daughter, received her certification four months later.
The move occurred as the broader market was declining, but the movie theater operator also got some potentially bad news recently.
Federal Reserve Chair Jereome Powell and U.S. Treasury Secretary Janet Yellen testify at a hearing on the state of the nation's COVID-19 recovery.
Shares of Gogo (NASDAQ: GOGO) soared 37.6% on Tuesday after the provider of broadband connectivity services for the aviation market boosted its long-term financial forecast. The air travel industry is recovering from its coronavirus-related plunge -- and Gogo is poised to benefit. Gogo, in turn, is enjoying record equipment sales.
Stocks sank Tuesday, with technology stocks leading the way lower as investors nervously eyed a swift rise in U.S. Treasury yields. Barry James, James Investment Research Portfolio Manager and Teddy Parrish, Parrish Capital CEO & CIO joined Yahoo Finance Live to discuss.
(Bloomberg) -- Micron Technology Inc., the largest U.S. maker of memory chips, plunged in late trading after giving a lackluster forecast, a sign that booming demand for its computer and phone semiconductors may be waning.Sales will be about $7.65 billion in the period ending in November, Micron said Tuesday in a statement. That compares with an average analyst estimate of $8.57 billion, according to data compiled by Bloomberg. Excluding certain items, profit will be $2 to $2.10 a share, compare
The bank has been dealing with some regulatory setbacks, as well as a lower analyst rating this morning.
Memory-chip maker Micron Technology late Tuesday beat Wall Street's targets for its fiscal fourth quarter. But MU stock fell in extended trading.
Markets are up this year – that’s no news, the gains have been substantial and sustained – but recent weeks have made investors nervous. The resurgence of COVID, rising inflation and stubbornly high unemployment have already made headlines, but new problems are coming up overseas. In China, for example, a developing debt crisis in the giant Evergrande Group threatens to upend that country’s lending system. So, after a full nine months of gains this year, the stock markets are looking at the real
(Bloomberg) -- If there's any country that might've been in a position to rescue Europe from its energy crisis, it’s the U.S. — home to vast shale fields holding a seemingly endless supply of natural gas and giant terminals capable of liquefying it and shuttling it abroad. Most Read from BloombergThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and DroughtHSBC Bets Big on China as Pressure Mounts in LondonHow Los Angeles Became the City of DingbatsWhy the Gaza Strip May B
Shares of large technology companies, including Zoom Video Communications Inc (NASDAQ: ZM), are trading lower amid a rise in bond yields, which has weighed on growth stock valuations. The 10-year Treasury yield hit an intraday high of 1.567% Tuesday morning before dipping to around the 1.544% level. The spike in the 10-year note this week comes after the Federal Reserve last week spoke on winding down its ongoing asset purchasing program. Zoom provides a communications platform that connects peo
In this article, we discuss the 9 stocks better than Apple according to hedge funds. If you want to skip our detailed analysis of these stocks, go directly to the 4 Stocks Better than Apple According to Hedge Funds. Bloated valuations and questionable earnings growth are some of the most important factors that seasoned investors […]
ARK Invest added to two of her newer positions, and it added to a third stake of a stock that has shed nearly half of its peak value.
Shares of United Natural Foods (NYSE: UNFI) were soaring today after the organic and natural food wholesaler smashed earnings estimates in its fourth-quarter earnings report. United Natural Foods, which is the biggest supplier to Whole Foods and serves 30,000 other organic grocery stores and conventional supermarkets, said revenue fell 0.5% to $6.74 billion as the company faced difficult comparisons with the year-ago quarter when Americans were avoiding restaurants. New CEO Sandy Douglas said in a statement, "I see significant opportunity to accelerate the value we create with and for our customers as well as the opportunity to make our operations more effective and efficient, both leading to continued profitable growth within our estimated $140 billion addressable market."
After a full year of market gains, markets are getting a bit nervous. Inflation is up, US job openings are exceeding the number of unemployed by record amount, and the pile-up of container ships on the West Coast is a continuing reminder that supply chains have not yet recovered from the pandemic disruptions. Taking the measure of current conditions, Jefferies’ global equity strategist Sean Darby lays out the worst case scenario: “…if breakeven inflation expectations were to fall, narrowing real
The Insider Monkey team has completed processing the quarterly 13F filings for the June quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]
Sen. Elizabeth Warren called Fed Chairman Jerome Powell a dangerous man and said she would oppose giving him a second four-year term.