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A short-selling research firm says it's covered its bet against cinema chain AMC Entertainment at a profit.
Shares of online retail stocks were taking a beating in Friday trading, with Shopify (NYSE: SHOP) stock falling by 5.2% through 2:37 p.m. EDT, MercadoLibre (NASDAQ: MELI) down by 4.5%, and e-commerce leader Amazon.com (NASDAQ: AMZN) off by 2.3%. As it reported Friday morning, analyst Stephen Ju at Swiss mega-bank Credit Suisse cut his price target on Amazon shares by more than 10% to $4,200, based on his estimate that Amazon will earn only $70.98 per share this year and $79.83 per share next year. Credit Suisse's new earnings projections reflect a reduction of 12% this year, and a staggering 33% reduction in expectations for 2022.
Shares of fintech giant Square (NYSE: SQ) had fallen by more than 4% as of 11:27 a.m. EDT Friday after an analyst at Jefferies said they expect the company to miss earnings estimates in its upcoming quarterly report. When companies report earnings below the consensus estimate, their shares often decline in the short term, although post-report price moves are also dependent on lots of other factors including management's guidance and overall outlook. Further, while Jefferies expects Square to miss on earnings, the company also initiated coverage on Square earlier this month with a $300 price target.
International Business Machines (NYSE:IBM) delivered another set of lackluster results on Wednesday when third quarter results were announced. While returns remain uninspiring, the current valuation may offer an opportunity.
Traders shrugged off Chipzilla's fantastic bottom-line profits and inspiring long-term growth plan to focus on the massive costs of bringing that vision to life.
This tiny, money-losing Trump-linked software company has a stock that is surging, but what's behind all this PHUN?
The steel stock stunned the market with exceptionally strong third-quarter numbers.
Chaos struck the social-media sector Friday morning, with shares of Pinterest (NYSE: PINS) stock sliding 3.4%, Facebook (NASDAQ: FB) falling 5.5%, and Snap (NYSE: SNAP) collapsing 23% through 10:15 a.m. EDT. You won't be surprised to learn that it's the hardest hit of these three -- Snap -- that's the cause of the collapse. Last night after close of trading, Snap reported its Q3 2021 financial results.
The 800+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the second quarter, which unveil their equity positions as of June 30th. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]
What happened Shares of IBM (NYSE: IBM) fell 9.5% on Thursday after the global technology company's third-quarter results came up short of investors' expectations. So what IBM's revenue inched up 0.
Yahoo Finance’s Julie Hyman, Brian Cheung, and Brian Sozzi break down Intel’s latest earnings report.
Matt Bryson, Wedbush SVP, Equity Research, discusses Intel Q3 earnings beat and weak future outlook amid the ongoing chip shortage.
Cleveland-Cliffs started 2020 as an iron ore miner and ended that year as the largest flat-rolled steel producer in North America.
In this article, we discuss the 10 stocks to consider in the portfolio of Nancy Pelosi. If you want to skip our detailed analysis of these stocks, go directly to Nancy Pelosi Stock Portfolio: 5 Stocks To Consider. Former United States President Barack Obama had signed into law the Stop Trading on Congressional Knowledge (STOCK) […]
There's a good reason why investors should keep an eye on cloud computing stocks. The cloud computing market is forecast to reach $397 billion next year, up 47% from 2020. Here's why they lead the cloud computing pack.
Shares of 23andMe Holding (NASDAQ: ME) stock slipped in Friday morning trading after the genetic data miner announced that it will spend $400 million to acquire on-demand online medical care and pharmacy services platform Lemonaid Health (not to be confused with Lemonade (NYSE: LMND), the insurance provider). As of 11 a.m. EDT, 23andMe shares are down 4.2%. 23andMe noted that bringing Lemonaid Health's "innovative telemedicine and prescription drug delivery services" onboard could be "an important step in transforming the traditional primary care experience and making personalized healthcare a reality."
David Tepper, billionaire investor and one of the world’s top hedge-fund managers, isn't a fan of the stock market, right now.
If you are looking to own the assets that make the world work, then these three infrastructure stocks will be up your alley.
AT&T Inc. (T) has posted impressive third-quarter 2021 results, which surpassed analysts’ expectations on the back of customer growth in wireless, fiber and HBO Max. The telecommunications company has also updated its guidance for 2021. Adjusted earnings increased 14.5% year-over-year to $0.87 per share, beating the Street’s estimates of $0.79 per share. Revenues slipped 5.7% year-over-year to $39.9 billion but surpassed expectations of $39.1 billion. The results reflected the impact of the sepa
The company hopes to bring a different approach to electric vehicle manufacturing, but will it succeed?
Snap's (NYSE: SNAP) stock price plummeted 21% during an after-hours sell-off on Oct. 21 after the social media company posted its third-quarter results. Snap's revenue rose 57% year over year to $1.07 billion, but narrowly missed estimates by $30 million. On a non-GAAP basis, Snap's earnings skyrocketed from $0.01 to $0.17 per share, which beat expectations by $0.09.