CrowdStrike, Stitch Fix, Tesla, Occidental, SoundHound, and More Market Movers

Text size CrowdStrike’s outlook for the fiscal first quarter and year was higher than analysts’ estimates. Dreamstime Stock futures edged higher Wednesday following a session in which stocks sold off ...

After weathering pandemic storm, cruise-line stocks offer upside, says Stifel

Like the rest of the travel industry, cruise operators have weathered a pandemic-related storm over the last couple of years, but they now deserve attention from investors, says analyst firm Stifel. “...

CrowdStrike Earnings Show It’s a Top Cybersecurity Stock, Analyst Says

CrowdStrike’s strong fourth quarter earnings and upbeat guidance underlines its status as one of the top performing software security names, according to one analyst.   D.A. Davidson analyst Rudy Kess...

Warren Buffett’s Berkshire Hathaway boosts its stake in Occidental Petroleum

Warren Buffett’s Berkshire Hathaway increased its stake in Occidental Petroleum Corp. in recent days. Berkshire bought about 5.8 million shares of Occidental in a series of purchases Friday, Monday an...

CrowdStrike stock rallies as forecast shows confidence in new approach

CrowdStrike Holdings Inc. shares rose in the extended session Tuesday after the cybersecurity company’s earnings and outlook beat Wall Street, and executives said they are targeting the tough-to-close...

Grayscale Bitcoin Fund Soars as Judges Sound Skeptical of SEC’s Arguments on ETF

Grayscale Investments for years has fruitlessly sought to convert its flagship product—the world’s largest Bitcoin fund at $14 billion—into an exchange-traded fund, most recently suing the Securities ...

Berkshire Buys More Occidental | Barron’s

Berkshire Hathaway bought almost 6 million shares of Occidental Petroleum in recent days, bringing its stake in the big energy company to 200.2 million shares worth $12.2 billion, according to a filin...

Troika Media reports earnings, stock sinks after sharp gain Monday

Shares of branding and marketing company Troika Media Group Inc. TRKA, -26.85% fell 51% after hours to 28 cents, following a 27% decline in the regular session after it reported financial results. On ...

Altria May Sell Anheuser-Busch Stake After Juul Deal

A recent deal by Altria Group involving its stake in Juul Labs could pave the way for the sale of the cigarette maker’s $11 billion interest in Anheuser-Busch Inbev Altria (ticker: MO) last week swapp...

BlackBerry Stock Dives on Latest Numbers as Revenue Forecast Disappoints

BlackBerry stock tumbled Tuesday, the morning after the Canadian cybersecurity firm released preliminary fiscal-year figures that disappointed Wall Street. The company said Monday evening that it expe...

Opinion: At last — somebody is trying to ‘save’ Social Security

Rude Europeans used to tell stories, possibly apocryphal, about American tourists who would ask for directions to a famous landmark while actually standing right in front of it. The Parisian would loo...

Rivian Stock Drops After the EV Start-Up Announced Plans to Raise $1.3 Billion

Electric truck start-up Rivian Automotive is getting into convertibles? Well, yes—but not the kind of convertibles car buyers think of when they hear the word. Rivian (ticker: RIVN) is raising more ca...

Meta Stock Rises After Report of More Layoffs

Shares of Facebook-parent Meta Platforms were rising Tuesday after a report said the company will cut more jobs than previously announced. Meta (ticker: META) is planning another round of layoffs as s...

Berkshire Hathaway Exec Ajit Jain’s Foundation Sells $2 Million of Stock

Berkshire Hathaway stock trounced the market last year, but so far this year, the shares are lagging behind. A foundation established by one of the conglomerate’s executives just sold a substantial am...

As chip sales dry up, Nvidia CFO says spending on AI will save companies money

Nvidia Corp.’s financial chief reasons that the efficiencies businesses need are not from spending less money, but from spending more on technologies like artificial intelligence, even as chip sales d...

Opinion: Powell will have to push rates even higher for the Fed to get inflation to 2%

Inflation is proving tougher to curb than Federal Reserve Chairman Powell anticipated, and despite indicators that a recession could be coming, consumers and businesses apparently haven’t gotten the m...

GE Stock Hits a New High After an Old Bear Went Into Hibernation

Shares of General Electric hit a new intraday high Monday after an analyst who had been the company’s biggest bear dropped his coverage. J.P. Morgan analyst Stephen Tusa, whose $50 price target on the...

Rivian stock down 7% in the extended session

Shares of Rivian Automotive Inc. RIVN, +1.24% fell more than 7% in the late session Monday, with losses accelerating after the electric-vehicle maker said it was selling about $1.3 billion in “green” ...

Altria to Buy Vaping Company NJOY for $2.75 Billion

Altria agreed to buy e-cigarette maker NJOY for $2.75 billion in cash as the Marlboro maker looks to strengthen its portfolio of smoke-free products. The deal for privately held NJOY, one of the few e...

20 income-building stocks that numbers say may become elite Dividend Aristocrats

Back in January, we took a deep look into three groups of Dividend Aristocrat stocks to show which ones had increased their payouts most significantly over the past five years. Now it is time for a fo...

BridgeBio Stock Surges on Dwarfism Drug Data. It’s Bad News for BioMarin.

BridgeBio Pharma stock was soaring after the biopharmaceutical company reported positive results in a Phase two clinical trial for an experimental treatment for achondroplasia, the most common type of...

‘I don’t think I can wait until 70’ — I’m still working at 66, so should I wait for Social Security or claim now? 

My wife and I turned 65 last year, and applied and received Medicare. She chose to receive her Social Security benefits now. I myself am still working. I was thinking to get Social Security at 66 ½, w...

Apple’s stock surges again after Goldman says to buy, citing nearly 30% upside potential

Shares of Apple Inc. surged toward a third straight gain Monday after Goldman Sachs analyst Michael Ng urged investors to buy, as a growing installed base of users, which encourages repeat purchases, ...

Rivian, Tesla, and 2 Other EV Makers Are Recalling Vehicles

Monday is looking like recall day for electric-vehicle makers. A few have showed up on the National Highway Traffic Safety Administration website. Recalls from the large players don’t look serious. Re...

Altria deepens push into vape biz with two deals

Altria Group Inc. said Monday it would buy e-vapor company NJOY Holdings Inc. for $2.75 billion in cash, its second deal in recent days in the smokeless-tobacco space. Altria MO, +0.59% said the trans...

Hertz Warrants Offer a Good Alternative to the Stock. How to Play It.

Bulls on Hertz Global Holdings should consider the rental car company’s unusual and attractively priced warrants, which offer an alternative to Hertz common shares. First, some details on Hertz Global...

Lordstown Motors’ Sales Were Dreadful. The Stock Is Rising Anyway.

Sales and earnings from electric vehicle start-up Lordstown Motors show just how hard it has been to launch a new electric truck. Results look rough, but the beaten-up stock is rising in early trading...

Why the stock-market rally can keep going, says Morgan Stanley strategist who only recently warned of a death zone

On the heels of last week’s losing-streak breaking rally, investors look headed for the sidelines on Monday. Apart from an underwhelming growth forecast from China over the weekend that’s knocking oil...

Tesla, Apple, Ciena, and More Stock Market Movers

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Big Fund Slashes Stakes in Chip Stocks AMD, Intel, Nvidia, and Micron

Caisse de Depot et Placement du Quebec, Canada’s second-largest public pension, posted a negative annual return in 2022, the first time since the financial crisis. But the pension did beat the market....

Silicon Valley Confronts the End of Growth. It’s a New Era for Tech Stocks.

Silicon Valley could use a reboot. The biggest players aren’t growing, and more than a few are seeing sharp revenue declines. Regulators seem opposed to every proposed merger, while legislators push f...

Apple, Berkshire, Alphabet, and Microsoft Reap Benefit of Higher Rates

Rich corporations are getting richer thanks to higher interest rates. Apple (ticker: AAPL), Alphabet (GOOG), Berkshire Hathaway (BRK/A), and Microsoft (MSFT) have the largest cash positions among Amer...