Text size *** ONE-TIME USE *** The Apple logo Nicholas Kamm / AFP via Getty Images One of the world’s largest public pensions by assets made major changes in its investments in large-cap tech stocks a...
Tag: Disruptions
These two S&P 500 stocks had their worst weeks ever
PayPal Holdings Inc. and Meta Platforms Inc. are both going through business transitions, prompting many investors to run for the hills. Shares of PayPal PYPL, +1.43% and Facebook-parent Meta FB, -0.2...
Snap Stock Had Its Best Day Ever. It Doesn’t Have All of Facebook’s Problems.
Text size Snap said daily active users grew 20% year over year during the fourth quarter to 319 million. Dreamstime Snap stock rocketed higher Friday after the Snapchat parent reported a surprise prof...
Boston Beer Fell Flat on a Hard Seltzer Glut. Its Stock Is Now a Buy.
After an initial pop in hard-selzer demand during the pandemic, Boston Beer found itself with an unforeseen oversupply of Truly. Dreamstime Text size Hard seltzer proved to be a bubble that few brewer...
Tech Stocks to Buy After a Crazy Week of Earnings
Amazon stock was up almost 14% on Friday after the company reported solid earnings and said it was raising the price of its Prime membership for the first time since 2018. Alexi Rosenfeld/Getty Images...
Costco Saw Another Strong Month of Sales. Why the Stock Didn’t Leap.
Text size A shopper in a Costco store Joe Raedle/Getty Images Costco ‘s sales rose nearly 16% in January from a year earlier, but the news failed to lift the stock even as Wall Street analysts offered...
Amazon May Have Saved the Stock Market. But It’s Looking Even Worse for Meta.
After Meta Platforms’ disastrous earnings outlook, the mood was pretty sour. And with investors weighing up the Federal Reserve’s future path for interest rates and the potential impact on valuations,...
Pinterest posts first full-year profit and reaches more than $2 billion in sales in 2021, sending stock soaring
Pinterest Inc. stock surged in extended trading Thursday after it reported a couple of firsts: a full-year profit and more than $2 billion in annual revenue. Pinterest PINS, -10.32% shares rose 21% af...
AT&T’s Dividend Cut Puts It in an Unenviable Club
A company cutting its dividend after a spinoff is uncommon, but not unprecedented. The longer-term outcomes can vary markedly. AT&T (ticker: T) joined this club on Tuesday, when it said it expects...
Snap shares soar 59% on first profitable quarter
Whipsawed by Meta’s poor results a day earlier, Snap Inc. reported its first quarterly profit as well as top- and bottom-line numbers that beat Street expectations on Thursday. The results turned arou...
Amazon Stock Soars on Good Enough Earnings. The Price of Prime Is Going Up.
Amazon . com reported strong fourth-quarter results on Thursday, driven by strong growth in both its AWS cloud unit and its growing advertising business. The results could be a relief to some investor...
The party’s over for AMC and GameStop investors — but the luckier meme-stock winners are now bracing for a massive tax bill
When Jason Gutierrez kept refreshing GameStop’s performance between work tasks during the wild, early days of 2021, he admits future tax obligations weren’t his No. 1 priority. “It was in the back of ...
Facebook parent Meta stands to shed more than $200 billion in market value after rough earnings report
Shares of Facebook parent Meta Platforms Inc. plunged more than 20% in extended trading Wednesday after detailing a holiday-earnings miss, weak guidance and intensifying competition. Meta FB, +1.25% s...
Opinion: Google is finally splitting its stock; will Amazon be next, leading to a Dow shakeup?
Alphabet Inc. is finally carving into its gargantuan stock price with a stock split, which leaves only one Big Tech company remaining with a huge per-share price despite an easy avenue to change it. A...
Google could challenge for $2 trillion market cap after earnings, stock-split news
Google parent Alphabet Inc. headed toward a couple of elusive marks Tuesday evening, after disclosing earnings and plans for a stock split: A $3,000 share price and $2 trillion market cap. Alphabet sh...
PayPal Stock Sinks as Earnings Miss, Guidance ‘Lacks Anything Redeeming’
Text size PayPal stock was sinking after the company reported disappointing earnings. Justin Sullivan/Getty Images PayPal stock was sinking after the payments company reported earnings and guidance th...
AMD Reports Earnings This Afternoon. Here’s What to Expect.
Text size An AMD processor. Growth in demand for chips used in PCs is expected to slow, while analysts are upbeat about the outlook for servers. Dreamstime While the recent downdraft in high-price tec...
AT&T’s Move to Spin Off WarnerMedia Disappoints Investors
Text size AT&T plans to pay a $1.11 annual dividend, down from the current $2.08 a share. Stefani Reynolds /AFP via Getty Images AT&T ‘s decision Tuesday to spin off its stake in WarnerMedia t...
Nio Deliveries Fell Last Month. What That Means for Tesla Stock.
Text size Deliveries for XPeng, Li, and NIO combined were down in January, snapping a two-month streak of gains. Hector Retamal/AFP via Getty Images Electric-vehicle deliveries at NIO , XPeng , and Li...
NXP Semiconductors’ stock volatile as revenue, outlook exceed Street expectations
NXP Semiconductors NV shares were volatile in the extended session Monday after the chip maker’s quarterly revenue results and forecast exceeded Wall Street expectations. NXP NXPI, +8.44% shares, whic...
The Worst Big IPOs of 2021
Text size Oscar Health shares closed at $6.20 on Friday, down 84% from the IPO price. Gabby Jones/Bloomberg IPOs soared for most of 2021, making the year one of the best ever for companies to list the...
Who Really Got Rich From the GameStop Revolution?
When Reddit became the rowdy center of the investing universe last January, its co-founder Alexis Ohanian called the frenzy a “revolution” and a “chance for Joe and Jane America, the retail buyers of ...
Investor Bought Up Moderna and Nvidia Stock. It Sold Salesforce and Sirius XM.
Text size A large U.K.-based asset manager bought up Moderna and Nvidia stock in the fourth quarter. Clement Mahoudeau/AFP via Getty Images A large U.K.-based asset manager made big changes in its U.S...
Hedge Fund Melvin Lost $6.8 Billion in a Month. Winning It Back Is Taking a Lot Longer.
Gabe Plotkin wasn’t sleeping. His bets against meme stocks such as GameStop Corp. GME 4.69% were backfiring, and losses at his $12.5 billion hedge fund were mounting. Strangers angry about his wagers ...
Verizon CEO Hans Vestberg Bought $1 Million of Stock
Text size Verizon Chairman and CEO Hans Vestberg. Noam Galai/Getty Images for Verizon Media Verizon Communications stock didn’t get a bounce from a fourth-quarter report, and Chairman and CEO Hans Ves...
Buy Now, Pay Later Comes of Age. Affirm Is the Standout in the Space.
Text size Affirm Holdings Inc. website home screen on a laptop Gabby Jones/Bloomberg Shares of Affirm Holdings were surging Friday after the online payments company received an upgrade to Buy from ana...
Caterpillar Beats Earnings Estimates. Supply-Chain Issues Aren’t a Problem.
Text size A Caterpillar front loader is displayed on a mound of dirt Justin Sullivan/Getty Images Caterpillar shares were lower even after the company reported better-than-expected fourth-quarter numb...
Opinion: After a monster quarter, Apple’s non-forecast is good enough for Wall Street
Apple Inc.’s holiday sales and profit totals were staggering once again, and CEO Tim Cook gave just enough of a forecast to satisfy Wall Street on Thursday — but not enough to feel totally comfortable...
Why Foxconn Expects An ‘Unprecedented’ First Quarter Despite Pandemic Disruptions
Foxconn founder Terry Gou. China Photos/Getty Images Foxconn, the world’s largest contract assembler of consumer electronics, expects a strong start to 2022, despite any pandemic-related disruptions, ...
Canadian pot company BC Craft files for bankruptcy protection as market shrinks
BC Craft Supply Co. shares fell sharply on Wednesday after the Vancouver-based cannabis producer filed for protection from its creditors under Canada’s Bankruptcy and Insolvency Act. BC Craft Supply C...
Intel stock hits lowest price in more than a year, and there is another shoe to drop
Intel Corp. weathered another tough investor reaction to its earnings report Thursday, and analysts say the chip maker faces another potential challenge in addition to falling margins: A looming overs...
Snap earnings spark stock rally that’s so big, it’s making people nervous
A stock moving more than 50% higher in a single session is normally cause for celebration on Wall Street, but Snap Inc.’s big rally Friday was met with skittishness. Shares of the Snapchat parent comp...