Yahoo Finance's Jared Blikre joins Alexis Christoforous from the floor of the New York Stock Exchange to break down the latest market moves.
The chart shows that the steady and slow rise in U.S. central bank interest rate hikes began to bite in 2018 and financial market conditions became less stretched. Then, in the fourth quarter, the market selloff left financial market conditions as close to restrictive as they'd been for three years. However, just as quickly, financial market conditions have eased this year, as the central bank pivoted to a “patient” monetary policy.
Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate.
Shares of Brazilian fintech company StoneCo (NASDAQ: STNE), which gained notoriety in recent months after being added to Berkshire Hathaway's portfolio, are plummeting today. Generally speaking, moves like this are often seen after earnings announcements, but StoneCo isn't set to report earnings again for another couple months. In this case, the plunge appears to be triggered by a move from a rival company.
Oil futures held steady on Thursday as a drop in crude exports from OPEC's de facto leader, Saudi Arabia, and a draw in U.S. oil inventories supported prices, while a strengthening dollar kept futures in check. Brent crude futures were higher at $71.73 a barrel by 1:20 p.m. EDT (1720 GMT), up 11 cents from their last close and near Wednesday's five-month high of $72.27. U.S. West Texas Intermediate (WTI) crude futures were down 10 cents at $63.66 a barrel.
In this article we are going to estimate the intrinsic value of ANSYS, Inc. (NASDAQ:ANSS) by projecting its future cash flows and then discounting them to today's value. This is done using the Discounted Cash Flow (DCF) model. Remember though, that there are many ways to estimate a company's value, and a DCF is just one method.
In 2016 David Anderson was appointed CEO of Northwest Natural Holding Company (NYSE:NWN). This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. Our data indicates that Northwest Natural Holding Company is worth US$1.9b, and total annual CEO compensation is US$3.2m.
GE)'s beaten-down stock is up 25% year to date, and Melius Research analyst Scott Davis says the smartest industrial investor he knows is buying the shares. That's a tantalizing statement. Who is this investing star?
What happened Shares of Nintendo (NASDAQOTH: NTDOY) were up 13.6% as of 1:30 p.m. EDT Thursday after news emerged that the company's Switch gaming console will soon begin selling in China. But Nintendo won't be selling the devices directly.
An early Pinterest investor comments on the company's spike in IPO debut, along with Zoom shares skyrocketing. Yahoo Finance's Zack Guzman and Kristin Myers are joined by Lauren Smith Brody, 'The Fifth Trimester' author and founder, and Talia Goldberg of Bessemer Venture Partners, to discuss.
Wedbush thinks this expectation is already factored into Snap's higher share price, and therefore rates the stock only neutral, with a $12.25 price target. Downgrading Snap stock, part deux Vertical Group is even more pessimistic, observing in a note covered by StreetInsider.com (subscription required) that Snap is experiencing "stagnant" return on its investments, and cutting spending (because without returns, what's the point? in order to conserve cash.
Shares of Aphria (NYSE: APHA) have tumbled about 16% since the company reported earnings results for its fiscal third quarter. This was the first full quarter since the company and its peers began selling adult-use recreational marijuana in Canada, and investors enthusiastic about the future are wondering if the market has overreacted and created a bargain opportunity. Let's take a closer look at the road ahead of Aphria to see if this troubled marijuana stock is a buy right now.
Mustang's shares are blasting off in response to the news that an experimental gene therapy, MB-107, for "bubble boy" disease -- also known as X-linked severe combined immunodeficiency, or XSCID for short -- reportedly cured eight boys with the deadly condition. Equally critical, Mustang said that the boys are showing no signs of unintended side effects from the therapy -- an issue that has derailed prior gene therapies for XSCID. Mustang licensed MB-107 from St. Jude Children's Research Hospital.
Health stocks had another bad day, with investor jitters spreading to the biotech and pharmaceutical sectors, as well. Investors' anxiety seemed to have expanded from health retailers, managed care companies and health insurers to include biopharma companies on Thursday. The three biggest losers in the Health Care Select Sector SPDR Fund ETF (XLV) were Regeneron Pharmaceuticals Inc.
The number of active customers using Twilio's platform to communicate with their clients has increased four-fold in four years. Concurrently, base revenue -- which excludes low-margin professional services and customers that don't sign long-term contracts -- has exploded. All of this is to say: Twilio has been an extremely popular option over the past five years.
Chinese online used-car dealer Uxin's (NASDAQ: UXIN) volatile week continued on Thursday, with shares up more than 11% as the market continues to digest, and at least for now dismiss, a critical short-seller report that temporarily sent shares crashing. Shares of Uxin lost more than half of their value midday Tuesday after J Capital Research analyst Anne Stevenson-Yang issued a report claiming that Uxin has exaggerated the volume of auto sales it processes by as much as 40%, and that founder and CEO Kun Dai was making false statements about the business' strength while taking cash out of the business. The response helped Uxin shares to recover much of what they lost on Wednesday.
Canopy Growth stock is up today on news that it's made a deal to buy Acreage Holdings. Yahoo Finance's Zack Guzman and Kristin Myers are joined by Lauren Smith Brody, 'The Fifth Trimester' author and founder, to discuss.
These Tech Stocks Could Be Overvalued at Their Current Prices(Continued from Prior Part)ZNGA's returns The stock of gaming company Zynga (ZNGA) has generated a return of 51% in the last 12 months. Since the start of 2019, the stock is up 36%.
Shares of Blackstone Group (NYSE: BX) climbed nearly 7% on Thursday morning after the alternative asset manager reported first-quarter earnings that blew past expectations and announced plans to convert to a corporation from a partnership. Blackstone, before markets opened, said it had earned $0.71 per share in the first quarter, easily surpassing the consensus estimate for $0.53 per share in earnings. The partnership structure has prevented some classes of investors, namely pension funds and other tax-exempt institutions, from buying shares of Blackstone, and has made the company ineligible for inclusion on certain indexes.
Could Tesla's Q1 2019 Earnings Help Its Stock Recover? Tesla's first-quarter earnings Tesla (TSLA) is scheduled to release its first-quarter earnings results after the market closes on April 24.
Shares of IT security specialist Check Point Software Technologies (NASDAQ: CHKP) plunged more than 11% in early trading on the Nasdaq today before retracing to about an 8.2% loss as of 12:40 p.m. EDT. Check Point reported its fiscal first-quarter 2019 earnings this morning, but earnings weren't the problem this time -- guidance was. An earnings beat could have sent Check Point stock up today.
Don't expect Boeing Co. to face a slew of order cancellations following the 737 Max debacle. Airlines, Boeing's (BA) main customers, are hungry for fuel-efficient single-aisle aircraft such as the Max, and there's a long backlog for the jet's closest competitor, Airbus SE' (FR:AIR) A320neo, analysts at Oxford Economics said in a note Thursday. “That will shield Boeing from a mass cancellation of orders,” the analysts said.
Marijuana stocks are among our top charts to watch today. Bank of America Merrill Lynch named the company as one of three marijuana stocks to buy. The stock, after sharp year-to-date gains, has been consolidating in recent weeks, but may be on the verge of its next leg up with cannabis stocks in general.
Kinder Morgan's (NYSE: KMI) first-quarter results came in about as expected. The solid start to 2019 has the company on pace to hit its full-year budget for cash flow. It also allowed Kinder Morgan to fulfill its promise to boost the dividend by 25%.
The stock's decline follows the release of Atlassian's fiscal third-quarter earnings after market close on Wednesday. The quarterly report's worse-than-expected guidance for fiscal fourth-quarter non-IFRS earnings per share may have disappointed some investors. So what Atlassian's fiscal third-quarter results featured strong growth.
How Wall Street Views Steel Stocks ahead of Their Q1 Results(Continued from Prior Part)AK Steel's first-quarter earnings AK Steel (AKS) is expected to release its first-quarter earnings results on April 29 after the market closes. Last year was