Cloud-software stocks continued to sell off Monday, following one of the space’s worst weeks ever, although not as fast as Friday selloff as a few beaten-up stocks received upgrades and giants like Sa...
Tag: Computers/Consumer Electronics
Sell These 3 Tech Stocks Because PC Demand Is Tumbling, Morgan Stanley Says
Falling demand for computers and electronics has made a Morgan Stanley analyst more pessimistic on three PC-related stocks. On Friday, Morgan Stanley analyst Erik Woodring reiterated his Underweight/S...
Shopify CEO Buys $10 Million of Stock in the Open Market
Shopify CEO Tobias Lutke disclosed in a Canadian securities filing that he bought $10 million of the e-commerce software company’s shares on Monday, a week after the company reported its third-quarter...
Mortgage Giant Rocket Plunges Back to Earth, Hit by Rising Rates
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Apple and Microsoft market caps reached their largest spread on record — at roughly Tesla’s entire valuation
The divergent performances of Apple Inc. and Microsoft Corp. in the wake of their latest earnings reports widened the spread between the two companies’ market values to the largest on record at more t...
An American Helped Build a Business Inside China. Clients Want Him to Leave.
It took Jacob Rothman two decades to build a Chinese manufacturing business with his friends and family. Now the 49-year-old American executive says customers want him to make some of his grilling too...
Amazon stock sinks after holiday forecast and cloud growth, profit disappoint; $150 billion in market cap at risk
Amazon.com Inc. predicted Thursday that holiday sales and profit would come in well lower than analysts expected as cloud growth slowed and Amazon Web Services profit missed expectations by nearly $1 ...
Apple Reports Earnings Today. What to Expect.
Apple shares have been remarkably resilient in the face of this year’s tech stock selloff, falling less than 15% since the end of December, and sharply outperforming rivals Microsoft Alphabet and Amaz...
U.S. stock rally set to stall after Microsoft and Alphabet earnings disappoint
U.S. stock futures fell on Wednesday after results from tech behemoths Microsoft and Alphabet disappointed investors. How are stock-index futures trading S&P 500 futures ES00, -0.72% dipped 23 poi...
Texas Instruments Reports Earnings Today. What to Expect.
Texas Instruments will be the first major semiconductor company to report this third-quarter earnings season after the close on Tuesday. While investors are worried about the chip industry as it faces...
Microsoft earnings on deck amid layoffs, recession fears: What to expect
Microsoft, which is laying off nearly 1,000 workers across multiple divisions, reports its fiscal first-quarter results after market close on Oct. 25. With fears of a recession looming, Axios and Busi...
Apple Stock Is a Top Pick, and Sales Will Beat Estimates, Says Morgan Stanley
Apple September quarter financial results should top current Street estimates, Morgan Stanley analyst Erik Woodring asserted in a research note on Wednesday. Apple (ticker: AAPL) will report results f...
Apple Earnings Are Next Week. What to Watch.
When Apple reports financial results for its fiscal fourth quarter next Thursday, the most crucial question will be whether the company is seeing signs of strain from the softening consumer economy. P...
What bank earnings tell us about how consumers are doing with high inflation, recession worries — ‘It’s not a crack in current numbers’
For all the worries about inflation’s pinch and the chance of a recession, just-released earnings reports from big banks indicate the wallets of many regular Americans are generally holding up as they...
ARK Innovation ETF Closed Below Its Covid-Era Low. Why It Might Stay There.
Cathie Wood’s flagship exchange-traded fund finally closed below its early pandemic lows on Friday, after slipping below that line in intraday trading twice this week. The $7.1 billion ARK Innovation ...
Think you had a bad week? Salesforce, cloud companies had some of their worst weeks ever
Salesforce Inc. and other cloud-software stocks shed red over the week, as the lining in cloud-software stocks Friday turned blood red instead of silver, sending some cloud companies and ETFs tracking...