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WMAR 2 News Weather
CHICAGO (Reuters) -General Electric Co on Tuesday forecast higher profit and free cash flow this year after reporting stronger-than-expected earnings in the quarter through December. But the company's revenue in the latest quarter came below Wall Street's estimates, hurt by persistent global supply chain disruptions and uncertainty over whether U.S. production tax credits for onshore wind investments will be extended over the long term. Full-year free cash flow is estimated at $5.5 billion-$6.5 billion, up from $2.6 billion in 2021.
Despite recent volatility, Wall Street and investors have enjoyed a record-breaking run. The benchmark S&P 500 took less than 17 months to double off of its coronavirus pandemic lows set in March 2020, and the index logged nearly six dozen record-closing highs last year. The first top stock that could make you richer in January and well beyond is biotech stock Novavax (NASDAQ: NVAX).
Markets are down significantly from record highs; in fact, the NASDAQ has entered correction territory, with a decline of 15% while the S&P 500’s decline is still at ~9%. These price declines come as the Federal Reserve signaled it will be raising rates this year. While higher interest rates will knock down inflation, stock markets are likely to take a tumble when the hikes come – and analysts are predicting anywhere from 2 to 4 rate hikes this year. The end of the central bank’s supportive poli
Yahoo Finance's Jared Blikre details IBM's Q4 earnings report in which it beats estimates.
Shares of Chinese electric-vehicle maker Nio (NYSE: NIO) opened sharply lower in U.S. trading on Monday amid a broad market sell-off triggered by rising global tensions and interest rate fears ahead of a key U.S. Federal Reserve meeting. As of 10:15 a.m. ET, Nio's American depositary shares were down about 11.9% from Friday's closing price. Nio was just one of many companies that saw their shares hit hard in early trading on Monday.
The Biden administration is preparing to release a government-wide strategy to regulate crypto as early as February
(Bloomberg) -- Bridgewater Associates founder Ray Dalio said there’s a “reasonable chance” neither major U.S. political party will accept the results of the 2024 election.Most Read from BloombergStocks Storm Back From 4% Rout to Close Higher: Markets WrapU.S. Futures Fall, Stocks Are Mixed on Fed, Russia: Markets WrapBiden Has ‘Great Meeting’ With European Leaders: Ukraine UpdateHong Kong Billionaire Loses Half Her Fortune on China ProbeChina’s ‘Little Giants’ Are Its Latest Weapon in the U.S. T
Top news and what to watch in the markets on Tuesday, January 25, 2021.
Beckham announced in November that he planned to convert his salary for this NFL season into bitcoin
In case you hadn't noticed yet, the stock market kind of curled up in a ball and died today. Of particular interest to growth investors today is the fact that some of the fastest growing e-commerce stocks in the world are going on sale, with shares of MercadoLibre (NASDAQ: MELI) down 8.6%, Shopify (NYSE: SHOP) falling 10%, and Sea Limited (NYSE: SE) leading the pack lower with a 12.3% loss. As it turns out, Shopify is the only one of the three with any obvious news on the wires, and even that news isn't too awfully bad.
DEEP DIVE Monday’s stock-market decline accelerated, and a closer look at the day’s worst performers highlighted painful double-digit year-to-date drops. The Dow Jones Industrial Average (DJIA) was down as much as 820 points (or 2.
Americans woke up Monday morning to a stock market in sharp decline. Last week, the Dow Jones Industrial Average (DJIA) sealed it worst weekly loss since October 2020, while the S&P 500 (SPX) and Nasdaq Composite (COMP) recorded their worst weekly downturns since March 2020. The latest downturns have come as markets have attempted to recalibrate ahead of policy changes at the Federal Reserve.
PC and gaming peripherals company Logitech posted better-than-expected results in its fiscal third quarter, a positive sign for the PC and home office sectors. Logitech now sees sales increasing between 2% and 5% in constant currency, with non-GAAP operating income ranging from $800 million to $900 million. Previous full-year guidance had called for flat sales, with non-GAAP operating income of between $800 million and $850 million.
The 125-year-old Dow Jones Industrial Average is home to these four exceptional growth and value stocks.
Pfizer (NYSE: PFE) will report its fourth-quarter results on Feb. 8 and investors are bound to find answers to questions about the company's ongoing performance. Aside from the usual slew of clinical trial updates and new pipeline projects, all eyes will be on sales of Comirnaty and Paxlovid, the pharma company's two commercialized coronavirus medicines. Let's take a moment to consider the most relevant factors for investors as they make buying or selling decisions when the earnings report is published next month.
Shares of Raytheon Technologies Corp. dropped 4.1% in premarket trading Tuesday, after the aerospace and defense company reported fourth-quarter profit that beat expectations but revenue that missed, and provided a downbeat full-year outlook. Net income soared to $686 million, or 46 cents a share, from $135 million, or 9 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share came to $1.08, above the FactSet consensus of $1.02. Sales grew 3.8% to $17.04 b
Dividend-paying stocks delivered an annualized return of 9.5%, which ran circles around the non-dividend payers, which trudged to an annualized gain of 1.6% over four decades. The biggest challenge for income investors is weighing yield and risk. In a perfect world, income investors would net the highest yield possible with the least amount of risk.
In his 2022 letter to CEOs, BlackRock (BLK) CEO Larry Fink urged other heads of companies to prepare for and participate in the green transition as part of a broader defense of stakeholder capitalism.
Nvidia GPUs power self-driving cars and cloud gaming, with the chip giant also expanding fast into the metaverse. Is Nvidia stock a buy?
When a recession hits, the stocks that investors pick up need great long-term potential, as well as a recession-proof business model. Two tech companies I'd buy during a recession are CrowdStrike Holdings (NASDAQ: CRWD) and Autodesk (NASDAQ: ADSK). Both provide vital software, something that cannot be cut regardless of how bad business gets.