Tag Archives: Beat

Facebook (FB) reported second-quarter earnings after market close on Wednesday, with the recovery across the internet advertising industry helping lift the social media company’s results beyond Wall Street’s expectations.  However, Facebook flagged an expected slowdown in revenue growth, and said that decreased ad targeting abilities following an Apple iOS update would negatively impact results going forward. Shares slid more than 3.5% in late trading.  Here were the main metrics from… Source link

Alphabet, the parent company of search giant Google (GOOG, GOOGL) blew away Wall Street’s second quarter estimates on Tuesday, bolstered by strength in advertising and cloud computing. Here were the main results from Alphabet’s report, compared to consensus estimates compiled by Bloomberg: Thanks to the tech giant’s linchpin, Google Search, ad revenues skyrocketed by 69% from the comparable year ago quarter. Overall total revenue soared by 62% from Q2 of 2020. During the quarter, “there was a… Source link

The rout in a good number of cyclical stocks amid resurgent COVID-19 infections this past month is overdone and it’s time to buy ahead of a coming big rally, contends Goldman Sachs.  “Among U.S. industries, Airlines (19% below its 52-week high) and Hotels (11%) rank among the laggards in recent weeks. If our economic outlook proves correct, these stocks should rebound in coming months. Likewise, the Energy sector trades 12% below where it traded a month ago and our commodity strategists’… Source link

Is it possible that ordinary individual investors, without the help of ultrafast computers or a PhD in math, can reliably beat the stock market? Sixty years of Nobel Prize-winning theory say no, it is not possible. But just maybe it is. Ironically, the widespread belief that it’s impossible helps to make it possible. To see how, recall a high-buzz stock market event last December 21, when Tesla became a component of the S&P 500. Research Affiliates chairman Rob Arnott and colleagues made a Source link

Stock futures drifted sideways on Tuesday to hold near record levels, as traders prepared to return to a relatively sanguine session following a holiday weekend in the U.S.  Contracts on the S&P 500, Dow and Nasdaq hugged the flat line. Each of the major indexes jumped to fresh record highs on Friday, propelled by a June jobs report that reflected a healthy pace of recovery in the labor market but that did not suggest an overheating economy.  Oil prices climbed amid a breakdown in… Source link

Stock futures rose Friday morning to add to gains from a record-setting session, with traders hoping that a bipartisan infrastructure deal would help further stoke economic activity. Contracts on the S&P 500 and Nasdaq gained after both indexes set record intraday and closing highs during the regular trading day on Thursday. Dow component Nike (NKE) jumped 12.5% in early trading after posting quarterly sales growth that rebounding across all major regions. Meanwhile, FedEx (FDX) shares sank… Source link

(Photo by Rod Mar/MLB Photos via Getty Images) A former sports reporter who covered the Texas Rangers wrote in an essay published Sunday that she was raped by an MLB player in 2002.  Kat O’Brien wrote about the alleged attack in an essay for the New York Times headlined “I am breaking my silence about the baseball player who raped me.” O’Brien declined to name her alleged attacker but clarified that he was not a member of the Rangers.  O’Brien described the attack as taking place in a hotel… Source link

You can’t say “Mr. Wonderful” didn’t warn you. Shark Tank host Kevin O’Leary was among the first in the investment community to sound the alarm on bitcoin’s sustainability concerns, when he stressed as much, during an interview with Yahoo Finance at the beginning of May. Two weeks later, Elon Musk announced Tesla was reversing its stance on accepting the crypto as a form of payment, citing the same sustainability issues, sparking a 35% collapse in bitcoin’s price for the month. But… Source link

Injuries have been a main character throughout this NBA season, so it would be unrealistic for it to allow the most anticipated playoff series to unfold uninterrupted. But for some reason, James Harden coming up lame in the first minute seemed to affect the Milwaukee Bucks more than the Brooklyn Nets. Perhaps it’s because the Nets have dealt with uneven turf all season, yet still find themselves discovering new elements, morphing into a more dogged bunch. Harden’s nonemotional reaction to… Source link

A controversial call at the end of the first half of Game 1 of the Brooklyn Nets versus Milwaukee Bucks Eastern Conference semifinal series resulted in a bad beat for some bettors. The first-half spread was Nets -2 over at BetMGM. And if you put money on the Nets covering the two points going into halftime, you were sitting pretty when they took an 11-point lead with 3:22 left in the second quarter. The lead for Brooklyn was eight points, 61-53, at the 1:57 mark and then seven points, 63-56,… Source link