Raytheon Technologies is so advanced that it recently won a $1bn US contract to develop a hypersonic missile. The US aerospace and arms company has a market capitalisation of $140bn. Commercial aviation is roaring back as travel resumes.
Heads of U.S. defense contractors knew what they wanted to highlight this earnings season—record weapons orders on the back of the conflict in Ukraine. Northrop Grumman (ticker: NOC) stock is down 19% this year so far, despite on Thursday raising its sales outlook. Analysts at Cowen on Friday downgraded Northrop Grumman to Market Perform from Outperform, noting the U.S. government might be reluctant to offer cost relief on the B-21 contract.
STOCKSTOWATCHTODAY BLOG Lucid soared Friday, a move that is being attributed to unconfirmed rumors that the company could be acquired. Lucid (LCID) stock started moving just after noon Friday, and had nearly doubled, to $17.
Costco has a very simple business model. It sells memberships in exchange for offering members a low-cost, no-frills shopping experience. People pay in order to access the chain's warehouses. Those membership fees provide a significant portion of the chain's profits, allowing Costco to sell its limited selection of merchandise at a lower markup than its rivals.
Energy inflation remains a serious concern. Protect your portfolio.
There's no way around it. You just have to get through it.
While 2022 was a year for stock price corrections across the electric vehicle (EV) sector, 2023 looks to be a transition year for the businesses themselves. Europe and China are leading the way, with fully electric vehicles accounting for 11% and 19% of all new vehicles sold, respectively. With stock prices down and sales continuing to pick up, investors should look at investing in a diverse mix of EV makers in 2023.
This industry-leading company has been caught up in the bear market carnage, but it's setting the stage for a massive rebound.
Apple earnings and the Fed meeting loom, but don't sit out a possible "life-changing" market rally. Tesla rival BYD is an aggressive buy.
In 2022, investors grappled with the deepest bear market since the global financial crisis in 2008, and the technology sector took the brunt of the pessimism. Cathie Wood's Ark Invest is focused on the technology sector, so it experienced a steep decline in the value of its exchange-traded funds (ETFs). Its flagship Ark Innovation ETFÂ fell a whopping 66% for 2022.
The stock market would likely move higher if inflation cools off, but these two stocks could be big winners.
Chip giant Intel (NASDAQ: INTC) is struggling as demand for PC and server chips tumbles. The company saw total revenue crash 32% year over year in the fourth quarter of 2022, and it expects a worse decline in the first quarter of 2023. Intel has already announced a broad cost-cutting initiative to help the company cope with lower demand this year.
Wall Street will be buzzing in the week ahead, as earnings from Big Tech, the Federal Reserve’s first meeting of the year, and the monthly jobs report for January set up the busiest week of the new year.
With January about to conclude, we’ve come off last year’s bearish trend, and seen solid gains over the first month of the year – 6% on the S&P 500, 11% on the tech-oriented NASDAQ – but that doesn’t mean we’re out of the woods. Inflation remains high, the Fed is still raising interest rates, and there’s still plenty of uncertainty about the course of the Russian war in Ukraine, and what China will do as it moves away from COVID lockdowns. So what to do, to find the right stocks for gains? The m
How is social security taxed in 2023? Here are the rules used to calculate how much you might owe on your benefits.
Economic headwinds sent the S&P 500 into a bear market last year, and the benchmark index is still 16% off its high. Warren Buffett's Berkshire Hathaway treated the drawdown as a buying opportunity, investing $66 billion into the stock market through the first three quarters of 2022. Smart investors like Buffett know that a bear market offers investors a chance to buy good stocks at great prices.
'Because of the 2.5% rate, none of us are interested in selling the house and getting our rates jacked up to 7%.'
Cathie Wood, the founder and CEO of Ark Invest, rose to popularity during the coronavirus pandemic thanks to her firm's successful bets on some of the most disruptive tech companies. The tech-heavy Nasdaq Composite Index entered a bear market in 2022, and ended it down 33% for the year. Here are three beaten-down growth stocks that Wood is still bullish on.
It was a busy week for dividend announcements, with the fourth-quarter earnings season in full swing.
Julius Baer of Zurich raised stakes in Intel, Walt Disney, and AT&T stock, and slashed its investment in Advanced Micro Devices in the fourth quarter.
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