Shares of LendingClub Corp. fell 14% in the extended session Wednesday after the company gave 2022 earnings guidance lower than analysts expected. LendingClub LC, +4.41% reported earnings of $29.1 mil...
Tag: Disruptions
Tesla’s Earnings Day Is Here. This Is the Real Number to Watch.
Text size Wall Street expects Tesla will earn about $2.36 a share for the fourth quarter of 2021. Xiaolu Chu/Getty Images investors expect Tesla to earn more than expected when it reports its fourth-q...
Microsoft stock turns green after strong sales forecast, reversing a post-earnings decline
Microsoft Corp. sales topped $50 billion for the first time in the holiday quarter of 2021, and a stock decline in late trading turned around Tuesday after the software giant predicted stronger revenu...
IMF Warns Economic Recovery Will Be Worse Than Expected After U.S. Inflation Surge And China Covid Disruptions
Topline The International Monetary Fund on Tuesday warned the global economy is in a weaker position entering this year than previously expected due largely to the ongoing disruptions spurred by the p...
Verizon’s Earnings Were Good Enough. What You Need to Know.
Text size Verizon offered better-than-expected guidance for 2022. David Paul Morris/Bloomberg Verizon Communications delivered as-expected results for the 2021 fourth quarter on Tuesday morning, and m...
Raytheon Stock Falls as Fourth-Quarter Revenue and Outlook Miss Forecasts
Text size Kyle Grillot/Bloomberg Shares of Raytheon fell 3.5% in premarket trading Tuesday after the aerospace and defense company reported fourth-quarter profit that topped Wall Street forecasts, but...
Kohl’s soars after takeover offer, but skeptical analysts question the retailer’s real estate value
Kohl’s Corp. stock soared 33% in Monday trading to buck a highly negative market trend, after the department store retailer confirmed that it had received buyout offer. The Wall Street Journal first r...
Apple and Other Large-Cap Tech Stocks Provide No Shelter From the Selloff—Except for One
Text size The Nasdaq Composite has plunged in response to expectations for higher interest rates. Michael Nagle/Bloomberg The tech megacaps that were some of the strongest stocks over the past two yea...
MicroStrategy Stock Falls After SEC Objects to Bitcoin Accounting
Text size The price of Bitcoin has been slumping. Dreamstime MicroStrategy stock continued its downward spiral Monday, dragged down by plunging Bitcoin prices and newly released filings showing that t...
Tech Stocks Got Hit Hard. Where to Find Bargains Now.
The technology sector may not be on sale, but it certainly has gotten cheaper lately. Major technology stocks like Apple (ticker: AAPL), Alphabet (GOOGL), Microsoft (MSFT), and Meta Platforms (FB) are...
Rivian Stock Is Falling and Wall Street Isn’t Helping
Text size *** ONE-TIME USE *** Rivian Manufacturing Courtesy Rivian Stock in electric-truck startup Rivian Automotive has been decimated to start 2022. Dazed investors must be wondering what, if anyth...
Where to Find Bargains Among Tech and Growth Stocks
The technology sector may not be on sale, but it certainly has gotten cheaper lately. Major technology stocks like Apple (ticker: AAPL), Alphabet (GOOGL), Microsoft (MSFT), and Meta Platforms (FB) are...
Weekend reads: Is this the end of the bull market for stocks?
The Federal Reserve is reversing course to fight inflation, but interest rates remain low, which means bond prices remain high. Meanwhile, stock valuations are high relative to earnings, in part becau...
Opinion: On the 1-year anniversary of the big short squeeze, GameStop bulls tried to relive their first attack, and that’s the problem
It has been one year since retail traders began their unprecedented move on GameStop stock GME, +3.59%, sending the price soaring and short sellers scattering, creating both a Wall Street panic and th...
SoFi stock surge continues on record volume
SoFi Technologies Inc. shares are soaring for the second-straight day on heavy volume as optimism continues to build for the company’s banking ambitions. SoFi’s stock SOFI, +9.41% is up more than 15% ...
AMD Stock Fell to Its Lowest Price in Months. Why It’s Dropping Again.
Text size AMD Ryzen Threadripper Courtesy AMD Advanced Micro Devices was downgraded to Neutral from Overweight by analysts at Piper Sandler, who said the downgrade was driven by, among other factors, ...
ASML Stock Jumps as Chip Supplier’s Earnings Beat Expectations
Text size ASML is a critical supplier of manufacturing equipment to the world’s biggest chipmakers. Courtesy Bart van Overbeeke/ASML ASML , a critical supplier of manufacturing equipment to the ...
AT&T Delays 5G Rollout Near Some Airports After Airlines Warn Of Disruptions
Topline AT&T agreed Tuesday to delay activating 5G cellular data near some airport runways to avoid interfering with aircraft instruments, after airline CEOs warned this week’s 5G rollout would gr...
The Biden administration says it’s in talks to prevent flight disruptions over 5G rollout
A commercial aircraft approaches to land at San Diego International Airport as U.S. telecom companies, airlines and the FAA continue to discuss the potential impact of 5G wireless services on aircraft...
Alibaba Stock May See Its Worst Day of 2022. Here Are Two Reasons Why.
Text size Alibaba stock has outperformed much of the tech sector so far in 2022. Greg Baker/AFP via Getty Images Alibaba stock is poised to take one of the biggest tumbles of the year Tuesday as inves...
Microsoft Buys Activision. What to Know About the Acquisition and Stocks.
Text size Troy Harvey/Bloomberg Activision Blizzard shares were surging following Microsoft ‘s announcement that it would acquire the gaming company in a nearly $70 billion deal. Microsoft (ticker: MS...
GlaxoSmithKline shares soar after Unilever bids for its consumer healthcare unit
Shares of GlaxoSmithKline surged on Monday, while Unilever stock tumbled following a failed $68 billion bid by the latter to acquire the pharmaceutical giant’s consumer healthcare arm. Driving the FTS...
China’s zero-Covid policy prolongs supply chain disruptions
Supply chain disruptions are being prolonged driven largely by China’s strict zero-Covid policy, according to an economist from Moody’s Analytics. The bottlenecks have lasted for about a y...
Big Investor Tripled Its AMC Stake and Bought Apple, NIO, and Nikola Stock
Text size DNB Asset Management materially raised investments in some of the most volatile stocks, including AMC Entertainment, Apple, NIO, and Nikola. Ethan Miller/Getty Images A large European asset ...
Wells Fargo Rally Shows Warren Buffett’s Mistake in Selling Big Stake in Bank
Text size Warren Buffett Drew Angerer/Getty Images One of Warren Buffett’s worst investment moves in an otherwise fabulous career was Berkshire Hathaway ‘s sale in 2020 of a big stake in Wells Fargo a...
Citigroup’s Adjusted Earnings Top Expectations. But the Stock Is Falling.
Text size A ‘Citi’ sign is displayed outside Citigroup Center near Citibank headquarters in Manhattan Mario Tama/Getty Images Citigroup stock was falling Friday even after the bank’s fourt...
Virgin Galactic Stock Is Tumbling. Raising Capital Is Raising Worries.
Text size Space-tourism company Virgin Galactic will raise $425 million to $500 million in debt that could be converted to stock, diluting existing shareholders. Courtesy Virgin Galactic Stock of spac...
Alibaba Stock Set for Biggest Drop of 2022
AIibaba stock has been on a tear to start off 2022. Greg Baker/AFP via Getty Images Text size Alibaba stock has been on a tear to start the year, but its two-day winning streak looks like it’s about t...
NIO, XPeng and Li Auto Stock Get New Ratings. The Call Is to Buy Them All.
Text size NIO is selling essentially all the cars it can produce. Nicolas Asfouri/FP via Getty Images Macquarie analyst Erica Chen launched coverage of three U.S.-listed Chinese electric vehicle maker...
Biogen’s stock tumbles after the U.S. proposes restricting access to its Alzheimer’s disease drug
Biogen Inc.’s BIIB, -8.92% stock sank 9.3% in premarket trading on Wednesday, the day after regulators proposed limiting access to the class of Alzheimer’s disease drugs that includes the company’s th...
IBM stock slips amid questions about cloud competition, revenue growth
International Business Machines Corp. shares fell Tuesday after an analyst downgraded the stock on concerns about revenue growth following Big Blue’s spinoff of Kyndryl Holdings Inc. and IBM’s ability...
DraftKings Is ‘Too Big an Opportunity to Ignore.’ Why the Stock Is a Buy.
Text size Signage at the DraftKings Sportsbook at The Brook ribbon-cutting in October 2020, in Seabrook, New Hampshire. Scott Eisen/Getty Images for DraftKings Online sports betting can stage a strong...