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If three-wheeled EVs are to be more than a novelty, Electrameccanica must deliver more impressive data points.
Yahoo Finance Live's Seana Smith looks at Costco shares ahead of the retailer's earnings report coming out tomorrow.
Nio (NYSE: NIO) stock soared this morning and was trading up a solid 9% at 10:20 a.m. ET. Nio's latest expansion plans are reassuring investors about the company's growth potential even as they realize Nio's stock price may not be hit too hard if the company makes a bold move similar to the one a Chinese stock made today. Aside from its domestic market, China, the only other market Nio has entered so far is Norway, where it first launched its SUV, ES8, in September and opened a Nio House in October last year.
The market is unstable. Your portfolio doesn’t need to be.
Yahoo Finance Live’s Emily McCormick breaks down the stock rise for Broadcom and VMware after an acquisition deal was announced.
Shares of cloud computing company Nutanix (NASDAQ: NTNX) fell sharply this morning after that the company reported a third-quarter loss that was far worse than expected and issued revenue guidance that was below Wall Street's average estimate. Nutanix's third-quarter sales increased 17% from the year-ago quarter to $403.7 million and beat analysts' consensus estimate of $397.9 million. Nutanix's diluted loss per share of $0.50 in the quarter was an improvement from a loss of $0.60 in the year-ago quarter, but it was far worse than the loss of $0.22 that Wall Street was expecting.
As of 2:33 p.m. ET, Amazon's stock price was up nearly 5%. Like many retailers, Amazon's profits have been dented by coronavirus-related supply chain disruptions and geopolitical-driven energy price increases. At the same time, Amazon is dealing with an excess of fulfillment capacity.
With GameStop's share gains yesterday and so far today, it could certainly generate a squeeze as short-sellers rush to cover their positions. It's why it's not wise to short a stock like the video game retailer or fellow meme stock AMC Entertainment since, as economist John Maynard Keynes once noted, the market can be irrational longer than you can remain solvent. The stock has rallied sharply higher, giving hope to belief the MOASS finally arrived, only to quickly give up all the gains and more.
Yahoo Finance Live anchors discuss quarterly earnings for Alibaba.
Shares of the Chinese e-commerce company Alibaba Group Holding (NYSE: BABA) spiked this morning after the company reported fourth-quarter results that beat analysts' consensus top- and bottom-line estimates. Alibaba reported non-GAAP (adjusted) earnings per American depository share (ADS) of $1.25 in the quarter, which was a 23% drop from the year-ago quarter but far above Wall Street's consensus estimate of $1.10 for the quarter. Additionally, Alibaba's revenue increased 9% in the quarter to $32.1 billion, which was better than the average analyst estimate of $29.9 billion.
For the second day in a row, shares of Tesla (NASDAQ: TSLA) stock zoomed higher on Thursday -- and indeed, after shooting up 4.9% yesterday, Tesla's 5.8% gain as of 11:15 a.m. ET today suggests that momentum may be building behind the electric cars stock. Once again, you can thank Cathie Wood for that. As I pointed out yesterday, on Monday and Tuesday this week, growth investor Wood swooped in to buy nearly 42,000 Tesla shares for her various ARK ETF funds.
In this article, we discuss the 10 stocks hedge funds are dumping amid the tech selloff in 2022. If you wish to skip our comprehensive review of the latest market situation around tech stocks, go directly to Tech Selloff: Hedge Funds are Dumping These 5 Stocks in 2022. Investors are offloading growth stocks that don’t […]
When the markets take a dive, your retirement savings could drop with them. Here is a four-step plan to beat the bear.
AbbVie , the research-based biopharmaceutical company that was spun off from Abbott Laboratories in 2013, has made an impressive move higher the past nine years. Recently, ABBV pulled back from an April high but the correction is showing signs it is over. In the daily bar chart of ABBV, below, we can see that the shares declined below the 50-day moving average line and its slope is cresting.
Lululemon Athletica (NASDAQ: LULU) shareholders trounced a rising market on Thursday as shares jumped 10% by 12:30 p.m. ET compared to a 1.9% boost in the S&P 500. The rally wasn't enough to put the apparel retailer's stock back in positive territory for the year, but shares are above the lows they set earlier in the week. The rally was sparked by a stock upgrade that called Lululemon's recent sell-off overblown.
Investors are looking past a lackluster quarter to focus on the company's bigger-picture overhaul.
A recovery in the technology sector is inevitable in the long run, and these companies could lead the charge.
‘As more millennials reach age 40, their household formation rate will accelerate due to higher marriage rates and more stable incomes.’
Twitter did not provide any details about the proposed takeover offer from billionaire Elon Musk at its annual shareholder meeting.
Ford has been walloped. But this Wall Street firm says it has the gas to come back strong.
DEEP DIVE The stock market, shocked by the Federal Reserve’s policy changes to fight inflation, has been gored this year, with growth and technology companies bearing the brunt of the biggest declines.
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