Berkshire Hathaway Inc. added positions in materials manufacturer Louisiana-Pacific Corp., investment bank Jefferies Financial Group and chip manufacturer Taiwan Semiconductor Manufacturing Co. Ltd. d...
Tag: Disruptions
Largest U.S. Pension Buys Up Apple, Intel, Microsoft, and GE Stock
America’s largest public pension fund by assets increased positions in some of its largest stock investments in the third quarter. California Public Employees’ Retirement System bought more shares of ...
Disney Stock Has a Tough Year Ahead. Investors Have Already Been Burned.
Walt Disney stock is an orphan. It’s too pricey for value investors, not expected to grow fast enough for growth investors, and ditched its dividend in 2020, putting it out of reach of income funds. ...
Cisco Shares Slip Ahead Of Next Week’s Earnings Amid Demand Worries
Cisco Systems shares were sagging ahead of the company’s earnings report next week amid concerns about softening demand, among other factors. Cisco (ticker: CSCO) shares on Friday were down 2.2%, to $...
EV Stocks Face a Reckoning. Not All of Them Will Make It.
Electric vehicle stocks have stalled—and many won’t get started again. Yes, things are that bad for EV start-ups as they try to become the next Tesla (ticker: TSLA). The blame starts with rising inter...
Opinion: Tesla investors have been the biggest losers in Elon Musk’s Twitter deal, and those losses continue
Twitter users have complained a lot about Elon Musk’s early moves after taking control of the social network, but their complaints seem tiny compared with what Tesla Inc. investors have had to suffer....
Tesla Stock Won’t Stop Dropping. Here’s How Low It Could Go.
Text size Brand-new cars at the Tesla factory in Fremont, Calif. Justin Sullivan/Getty Images Tesla stock is now down about 46% year to date. Growing competition in electric vehicles, inflation, softe...
Semiconductor stocks have bounced from 2022 lows — and analysts expect upside of at least 28% in the next year
For investors aiming to take advantage of stock market declines, the obvious question is: How far is too far for stocks to fall? The semiconductor industry, a standout performer during the reopening o...
Elon Musk Sold $4 Billion More Worth of Tesla Stock. The Timing Is Odd.
Investors were waiting for stock sales from Tesla CEO Elon Musk, guessing he needed to sell more shares to finish his Twitter purchase. He sold more stock, but it happened after the Twitter deal close...
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...
Boeing Stock Is Rising. The Company Finally Provided Guidance.
Shares of commercial aerospace giant Boeing are on quite a little run after last week’s earnings disappointment. Shares have wiped out all the earnings-related losses and then some. Providing financia...
Apple and Google stocks both had their worst week in more than two years
Shares of Apple Inc. and Alphabet Inc. both suffered their largest weekly declines since the beginning days of the pandemic this week, as Big Tech companies continued to draw closer scrutiny from Wall...
Atlassian stock drops 23% after earnings, potentially wiping away more than $10 billion in valuation
Atlassian Corp. shares dropped in the extended session Thursday after the business-collaboration software company’s earnings and revenue outlook fell short of Wall Street expectations as executives sa...
Cloudflare stock drops more than 10% after results, outlook top Street view
Cloudflare Inc. shares fell in the extended session Thursday even after the cybersecurity company’s results and forecast topped the Wall Street consensus. Cloudflare NET, +0.86% shares dropped as much...
Lumen stock falls after dividend is eliminated, but is there a silver lining?
Lumen Technologies Inc. shares were falling sharply in Thursday trading after the telecommunications company announced it was eliminating its dividend and selling another business, moves that have pro...
Oil Dividend Stars Devon and Pioneer Face Tests After Payout Cuts
Some of the biggest outperformers in the U.S. energy sector— Pioneer Natural Resources and Devon Energy —cut their dividend payouts in the latest quarter as oil prices caused cash flow to slip. The cu...
Qualcomm stock drops more than 7% after poor outlook, months-long chip glut
Qualcomm Inc. shares fell in the extended session Wednesday following the chip maker’s poor outlook, and estimates of about two months or more of inventory it needs to clear in its core business. Qual...
SoFi stock gives back its post-earnings gains, with one analyst highlighting its ‘polarizing’ nature
SoFi Technologies Inc. is a “polarizing” stock, according to a Keefe, Bruyette & Woods analyst, and that can perhaps be seen in its recent price movement. The stock was up as much as 18.9% Tuesday...
Berkshire Could Take a Big Storm Hit. Watch for Buyback News.
Berkshire Hathaway could suffer losses of $3 billion from Hurricane Ian and other weather events in the third quarter, but investors are apt to be more focused on the company’s investment activity. Be...
ZoomInfo Shares Tumble on Concern Over Soft Billings
Business information services provider ZoomInfo posted better-than-expected third-quarter results, but the company’s shares are nonetheless trading sharply lower in late trading Tuesday, apparently on...
Amazon closes below $1 trillion valuation for the first time since 2020
The swift recent decline in Amazon.com Inc.’s stock has brought the company’s closing market value below $1 trillion for the first time in more than two years. Amazon shares AMZN, -5.52% fell 5.5% in ...
XPeng stock swings to a loss after drop in monthly deliveries, while other China-based EVs surge
The U.S.-listed shares of XPeng Inc. fell Tuesday after October deliveries were reported, to buck the rally in other China-based electric vehicle makers, which was fueled by glimmers of hope that Chin...
Pfizer’s Earnings Are Tuesday. What to Watch.
Pfizer is set to report its earnings on Tuesday, a week and a half after an executive told investors that the company was considering a list price for its Covid-19 vaccine of between $110 and $130 per...
GameStop stock soared, then fell all the way back down, in biggest price reversal since May. But why?
Something strange happened to GameStop Corp. GME, +0.50% stock on Monday. Minutes after the opening bell rang out on the New York Stock Exchange, both the price of the company’s shares and trading vol...
Argo Blockchain shares collapse as planned fundraising falls through
Argo Blockchain PLC shares fell Monday after it said it no longer expects to carry out a share subscription with a strategic investor, and warned it would need to complete further financing to avoid c...
Big Pension Sells Apple, Block, and Estée Lauder Stock. Here’s What It Bought.
A big Dutch pension recently disclosed material changes in some of its largest U.S.-traded investments. Pensioenfonds PNO Media sold positions in Apple (ticker: AAPL), Block ( SQ ), and Estée Lauder (...
Newell Brands Clocks 19% Sales Decline In Q3; Warns On Near-Term External Disruptions
Newell Brands Inc (NASDAQ: NWL) reported a third-quarter FY22 sales decline of 19.2% year-on-year to $2.252 billion, marginally beating the consensus of $2.25 billion. The Commercial Solutions segment...
Stocks usually do well after the midterms. Not this time, forecasts BlackRock
So much for the safety of the tech behemoths, those supposedly friendly giants who may be relatively richly valued but you could still count on to buttress your portfolio. Poorly received results from...
Intel stock up 20% to best trading day since COVID-19 pandemic’s first days
Intel Corp. shares on Friday scored their best one-day rally since the start of the COVID-19 pandemic after the chip maker’s planned cost cuts and layoffs encouraged investors that have withstood shri...
Dialysis company DaVita stock suffering worst day in 22 years after big profit miss, disappointing outlook
Shares of DaVita Inc. plummeted in active trading Friday, toward their worst performance in more than two decades, after the dialysis company reported third-quarter that fell well below expectations a...
Intel stock rises on earnings beat, plans for layoffs, billions in cost cuts planned
Intel Corp. shares rose after hours Thursday after the chip maker topped Wall Street earnings estimates for the quarter and PC-chip sales came in slightly higher than expected, while the company trimm...
Warren Buffett’s chip-stock purchase is a classic example of why you want to be ‘greedy only when others are fearful’
This has been quite a year for Berkshire Hathaway and CEO Warren Buffett. The conglomerate just disclosed its investments in other companies as of the end of the third quarter, and one name — and one ...