Text size Royal Caribbean and cruise ship competitor Carnival were the leading S&P 500 decliners during the second quarter. Sebastien Salom-Gomis/AFP via Getty Images What a quarter. A lot happene...
Tag: SYND
Micron Issues Muted Sales Forecast On Demand Weakness
Memory-chip maker Micron Technology issued a subdued revenue outlook, spooking investors even as it reported a strong rise in earnings for its latest quarter. “Recently, the industry demand environmen...
Micron Stock Is Sliding. The Outlook Disappointed.
Text size New Street Research analyst Pierre Ferragu says recent weakness in Micron Technology stock represents an opportunity to buy. Dreamstime Micron Technology stock is trading lower after the mem...
The Latest Inflation Data Is (Mildly) Good News for the Fed
Fed chief Jerome Powell, shown testifying before a House panel last week, may not have to raise rates as aggressively at coming meetings as some inflation data are showing signs of peaking. Win McName...
Palo Alto Networks Shares Are Too Cheap, Morgan Stanley Says
Text size Palo Alto Networks is within one to two quarters of reaching profitability under generally accepted accounting principles. Dreamstime Palo Alto Networks shares have held up a little better t...
Should You Roll Over Your 401(k) to an IRA? It Can Cost You Tens of Thousands.
Text size Retirement savers would do well to check the fees on fund holdings in 401(k) accounts held at former employers before rolling over to an IRA. Workplace savings plans tend to have more favora...
Xerox CEO Visentin Has Died. What It Means for the Company.
Text size John Visentin. Courtesy Xerox Xerox Holdings shares are in the spotlight as investors respond to news that CEO and Vice Chairman John Visentin has died unexpectedly at age 59, a development ...
Chip Stocks Are in for Trouble, Analyst Says. 4 Stocks Get Downgrades.
Text size The iShares Semiconductor ETF has fallen even more than the overall market this year. Courtesy of Texas Instruments BofA Global Research is getting more downbeat about the chip industry. Eve...
Carnival Stock Could Fall to $0 in a Worst-Case Scenario, Analyst Says
Text size Carnival Dream cruise ship is docked at Port B in Key West, Florida. Chandan Khanna/AFP via Getty Images Carnival stock was tumbling Wednesday after Morgan Stanley cut its price target to a ...
Ford’s Talk of New EV-Selling Rules Rattles Some Dealers
Ford Motor Co. is preparing new rules for how it sells electric vehicles, a shift that is concerning some dealers and seen as challenging the traditional franchise model. Executives from the Detroit g...
Novartis Will Cut 8,000 Jobs Under CEO’s Shake-Up Plan
Text size Vasant Narasimhan, CEO of Novartis. ERIC PIERMONT/AFP/Getty Images Pharmaceutical giant Novartis said Tuesday it will lay off more than 7% of its workforce, just a few months after CEO Vas N...
Bitcoin’s Next Headwind: Struggling Crypto Miners
Text size Miners spend an average of $15,000 to produce each coin, JPMorgan estimates. Dreamstime The plummeting price of Bitcoin could force crypto miners to sell the tokens to fund operations, furth...
Banks Are Healthy. Why They’re Holding Back on Dividends.
Text size JPMorgan Chase held its dividends flat due to increasing capital requirements following the Federal Reserve’s stress test. Justin Sullivan/Getty Images Banks may have gotten a clean bill of...
DraftKings Lands New Bull as Profitability Nears. This Analyst Also Likes Penn.
Text size Casinos are traditionally unaffected even in a recession scenario. Ethan Miller/Getty Images DraftKings and Penn National Gaming stocks will outperform the market by selling additional produ...
Default Won’t Trigger a Long Winter for Russia
Failing to pay your debts can stop you getting a loan again. Except if you are a country—even Russia. Russia has defaulted on its foreign debt for the first time since the Bolshevik Revolution. Becaus...
Why UPS Stock Could Be a Winner. Margins Are Improving.
Text size UPS CEO Carol Tome.. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images) AFP via Getty Images Until recently, United Parcel Service operated a little like the New York Yan...
General Motors EV Partner Sees Director Buy More Stock
Text size MP Materials shares have slipped 21% so far this year Joe Buglewicz/Bloomberg MP Materials stock has slipped this year, and director Randall Weisenburger bought more shares of the rare-earth...
Jefferies Just Posted Results. Investment Banks Should be Worried.
Text size Total underwriting revenue at Jefferies was down by 62% as banks face tougher conditions. Amir Hamja/Bloomberg Wall Street just got a taste of what to expect when investment banks post secon...
Berkshire Holds 16.4% of Occidental Petroleum After Recent Purchase
Text size Buffett likes American companies, and Occidental gets the vast bulk of its energy production domestically. Johannes Eisele/AFP/Getty Images Berkshire Hathaway continued to add to its stake i...
JetBlue Raises Offer to Buy Spirit Airlines—Again
JetBlue Airways Corp. isn’t backing down in its fight to buy Spirit Airlines Inc. raising its offer yet again in an effort to outmaneuver rival Frontier Airlines. JetBlue on Monday proposed a $400 mil...
The Most Valuable Business on Earth Could Be Hiding Inside Amazon
Text size Amazon has created what is arguably one of the world’s best growth businesses. Thomas Samson/AFP via Getty Images Amazon Web Services just might be the most valuable business on Earth....