Company News for Nov 17, 2022

Zacks Equity Research

Thu, Nov 17, 2022, 9:33 AM1 min read

In this article:

Best Buy Co., Inc.’s BBY shares plunged 8.6% as the retail sector declined.
ConocoPhillips’ COP shares slid 3.6% as oil prices went down in the global markets.
Shares of NVIDIA Corporation NVDA fell 4.5% as the semiconductor sector slumped on macroeconomic concerns.
Lowe's Companies, Inc.’s LOW shares gained 3% after reporting third-quarter fiscal 2022 earnings of $3.27 per share, beating the Zacks Consensus Estimate of $3.11 per share.

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Super Micro Drops Near Two-Month Low on Earnings Concerns
(Bloomberg) -- Super Micro Computer Inc. shares are seeing their biggest drop in about two months on Friday, after the maker of servers announced the date of its third-quarter results but didn’t pre-announce results.Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityIsrael Reported to Have Launched Retaliatory Strike on IranNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to ThemRecord Rainfall in Dubai? Blame Climate Change, Not Clo
Bloomberg•49m ago
The Headache at the End of the Costco Gold Rush
Costco made buying a gold bar as simple as tossing it in a shopping cart. Adam Xi, 33 years old, called five different dealers to get a price he could accept for the gold bar he bought at Costco in October. Costco shoppers are spending as much as $200 million monthly on gold, according to a Wells Fargo estimate.
The Wall Street Journal•4h ago
Supermicro Stock Falls Sharply, Continuing Recent Slide
Is the shine starting to come off Super Micro Computer stock? Shares of the server maker, better known as Supermicro, fell 14% Friday morning, putting the stock on track for its fifth decline in six sessions.
The Wall Street Journal•1h ago
Don't buy the dip in stocks just yet as a wave of selling is about to bring the market to a bottom, according to one of the biggest bulls on Wall Street
The S&P 500 could bottom out in the next month, according to Fundstrat's head of research Tom Lee.
Business Insider•15h ago
Time to Pounce: 2 Superb Utility Stocks That Haven't Been This Cheap in at Least 10 Years
One of the fastest-growing utility stocks, along with "Wall Street's Greatest Dividend Stock," make for phenomenal buys right now.
Motley Fool•6h ago
Prediction: This Artificial Intelligence (AI) Stock Could Be Worth More Than Microsoft 5 Years From Now
Microsoft has been one of the pioneers in the field of AI, but this tech giant is also set to win big time from the growing adoption of this technology.
Motley Fool•3h ago
Tesla's EV success made it 'Magnificent.' It could also be its downfall.
Tesla's growth story was about leading the paradigm shift to EVs, and an affordable car was a part of that story. Now without it, the narrative has changed.
Yahoo Finance•6h ago
Here's What the Average Senior Couple Collects in Social Security Today
The number may be smaller than expected.
Motley Fool•6h ago
Nvidia Falls Below Key Level Of Support; Is Nvidia A Buy Now?
If you are still holding to Nvidia stock, here is a key sell signal to watch for: Shares dipped below the 50-day moving average Friday. Nvidia's chart shows that its relative strength line, which compares the company's stock performance to the S&P 500, is flattening. Chief Executive Jensen Huang recently addressed students at his alma mater of Oregon State University and stated that "artificial intelligence is the technology industry's single greatest contribution to social elevation."
Investor's Business Daily•1h ago
Want to Outperform 88% of Professional Fund Managers? Buy This 1 Investment and Hold It Forever.
You don't have to be a stock market genius to outperform most pros.
Motley Fool•16h ago

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Company News for Nov 17, 2022

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Super Micro Drops Near Two-Month Low on Earnings Concerns

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