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(Updates closing prices, adds sector and volume details)    * Healthcare sector gains with earnings boost from Anthem, Abbott    * Verizon up on customer growth,    * IBM falls sharply in late trade after revenue miss    * Dow up 0.43%, S&P up 0.37%, Nasdaq down 0.05%    By Devik Jain, Shreyashi Sanyal and Sinéad Carew    Oct 20 (Reuters) – The S&P 500 and the Dow climbed on Wednesday with the Dow hitting an intraday record high as investors eyed better than expected… Source link

Tesla (TSLA) posted third-quarter profits that topped expectations, with record deliveries helping fuel the electric-vehicle maker’s results even as supply chain challenges weighed broadly on the auto industry. However, quarterly revenue came in short of consensus expectations, and shares fell slightly in after-hours trading.  Here were the main metrics from Tesla’s report, compared to consensus estimates compiled by Bloomberg: Revenue: $13.76 billion vs. $13.91 billion expected, $8.77… Source link

The valuation on Facebook’s stock (FB) looks way out of whack with the social media giant’s continued digital dominance, argues long-time bull Brent Thill at Jefferies.  “Interestingly, Facebook is now the second cheapest stock in our large cap coverage (eBay is cheapest) and trades at a 30% discount to the Nasdaq (vs. two-year average 18% discount). In our view, Facebook’s valuation is among the most attractive in Internet, particularly on a growth adjusted basis,” Thill said in a new… Source link

Cathie Wood: This one simple tailwind will push the bull market to 2038 — here are 3 stocks to ride it With inflation running hot, interest rates on the rise, and valuations stretched, even mainstream Wall Street strategists are predicting major corrections. But one super investor remains bullish — Ark Invest founder Cathie Wood. In an interview with Yahoo Finance Live last month, Wood referenced research by Fundstrat’s Thomas Lee that suggests millennials could power the stock market… Source link

Netflix’s (NFLX) Q3 subscriber growth estimates topped expectations following a slow start to the year — but there could be still be trouble looming for the streaming platform as controversies flare.  Net subscriber additions totaled 4.38 million versus the 3.72 million expected. This represented a significant rebound from the second quarter, when just 1.5 million new paying users joined the streaming service. A particularly strong content slate helped fuel subscriber momentum, but not even… Source link

Ford’s stock (F) is poised to shift into overdrive if a fresh call-out from Credit Suisse is any indication.  “When we downgraded Ford early last year, our concern was that Ford was struggling in balancing the “two clocks” — near-term execution issues would ultimately limit Ford’s ability to adequately prepare for the long-term transition of the auto industry. Yet in the past year plus, we’ve seen a significant turnaround underway at Ford — it has ended its cycle of quarterly… Source link

A worker produces carpets that will be exported, at a factory in Binzhou in China’s eastern Shandong province on October 20, 2021. China OUT (Photo by STR/AFP via Getty Images) In Washington, DC, China is the new Russia. Its rapid military buildup includes advanced weaponry that rivals American prowess. Much of its technology is stolen from the United States and other advanced nations. Menacing incursions threaten Taiwan and other American allies, prompting the magazine Foreign Affairs to… Source link

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, October 20, 2021 Facebook’s name change won’t help it outrun its troubles Taking a page from Google (GOOG, GOOGL), Snapchat (SNAP), and now, Kanye West, Facebook (FB) is reportedly renaming itself. The Verge reported Tuesday that Facebook is changing its name to reflect its increasing… Source link

(Bloomberg) — Sara Blakely founded Spanx Inc. in 2000 with $5,000 of her personal savings earned from selling fax machines door-to-door. She just struck a deal with Blackstone Inc. that values the company at $1.2 billion. Most Read from Bloomberg Blakely, 50, will retain a significant interest in the Atlanta-based maker of shapewear and pantyhose, according to a statement from the two firms on Wednesday. She will continue to oversee daily operations alongside Spanx’s existing senior… Source link

Formula One drivers use virtual reality to simulate a race, Walmart (WMT) employees don the headsets to prepare for unruly customers, and Bank of America (BAC) workers practice sensitive financial conversations on the devices. But as a labor shortage stifles companies struggling to make hires in the first place, some firms have turned to virtual reality for help attracting and retaining new employees who may never set foot in the office. Julie Sweet, CEO of the Ireland-based consulting giant… Source link