Tag Archives: Stock

Stock market news live updates: January 24, 2023

Stock market news live updates: January 24, 2023

U.S. stock futures wilted Tuesday morning after back-to-back gains as investors evaluated another round of corporate earnings results. Futures tied to the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) each fell roughly 0.3%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) were off by 0.4%. Among specific names in focus early Tuesday, General Electric’s (GE) stock pushed higher in pre-market trading after the industrials company delivered an upbeat profit forecast, citing… Source link

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Buy Tesla stock ahead of earnings, analyst says

Buy Tesla stock ahead of earnings, analyst says

Bet the farm on battered Tesla (TSLA) stock ahead of the company’s hotly anticipated earnings report on Wednesday, contends Canaccord Genuity analyst George Gianarikas. “Buy [Tesla stock] — it’s pretty simple,” Gianarikas said on Yahoo Finance Live (video above). “The stock had a pretty bad 2022 in terms of performance. That was based on multiple things, and some would attribute it to Elon Musk’s rantings on Twitter. We think it had a lot to do with the demand situation impacting Tesla,… Source link

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Stock futures stumble after in-line inflation print

Stock futures stumble after in-line inflation print

U.S. stock futures were mixed ahead of the open Friday. Futures tied to the S&P 500 (^GSPC) added 0.1%, while futures on the Dow Jones Industrial Average (^DJI) were lower by 0.1%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) rose by roughly 0.5%. The yield on the benchmark 10-year U.S. Treasury note rose to 3.437% from 3.397% Thursday. The dollar index added 0.1%, trading at $101.94 Friday morning. Stocks extended a string of losses Thursday as investors dissected economic data… Source link

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Snap stock downgraded by JMP on increased competition

Snap stock downgraded by JMP on increased competition

Snap’s (SNAP) gotten another downgrade, this time from Andrew Boone, analyst at Citizens-owned JMP Securities, from Market Outperform to Hold. In December, Jefferies downgraded Snap from a Buy to Hold, saying that the company’s revenue expectations were “too optimistic.” To be sure, Snap’s struggling at a moment in which all tech giants are stumbling, but even in that context Snap’s challenges are singular – the company’s shares have declined about 73% over the last 12 months, as it battles… Source link

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Bed Bath & Beyond stock dips as potential bankruptcy looms

Bed Bath & Beyond stock dips as potential bankruptcy looms

Yahoo Finance Live anchors discuss the decline in stock for Bed Bath & Beyond amid growing bankruptcy fears. Video Transcript [AUDIO LOGO] BRAD SMITH: A major mover that we’re tracking here this morning. Keeping an eye on the never-ending story that is Bed Bath & Beyond. Ticker symbol BBBY. It is lower this morning by about 6%. Fears of bankruptcy, they continue to linger here. And as we go day-by-day, just kind of waiting for more indication of what strategic mechanisms the company will implore… Source link

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Stock market news live updates: January 17, 2023

Stock market news live updates: January 17, 2023

U.S. stock futures pointed to losses at Tuesday’s open as a shortened but busy week packed with corporate earnings got underway on Wall Street. Futures tied to the S&P 500 (^GSPC) fell 0.3%, while futures on the Dow Jones Industrial Average (^DJI) edged down 60 points, or 0.2%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) declined 0.4%. The remainder of results out of the financial sector are set to trickle in across the coming days, with all eyes on megabanks Goldman Sachs (GS)… Source link

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Wild Bed Bath & Beyond stock moves expose a larger problem with investing

Wild Bed Bath & Beyond stock moves expose a larger problem with investing

For vocal Bed Bath & Beyond bear Anthony Chukumba, the recent gyrations in Bed Bath & Beyond’s stock — despite the retailer being on the brink of bankruptcy — underscore the need for people to boost their financial literacy. “It is a living, breathing example of the need for financial literacy education in the United States,” the Loop Capital analyst said on Yahoo Finance Live (video above). “I mean, Bed Bath & Beyond is going to go bankrupt.” Bed Bath & Beyond finished Friday’s session… Source link

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‘We still like the stock,’ analyst says following layoffs

‘We still like the stock,’ analyst says following layoffs

There’s still a lot to like about Amazon (AMZN) stock, even though the company’s coming off a hard year, JMP Securities Equity Research Analyst Nick Jones recently told Yahoo Finance Live (video above). Amazon had a rough 2022, one in which the company’s stock tumbled more than 40% throughout the year. The company’s been battling high inflation, rising rates, and a slow advertising market, and recently announced it would up the number of layoffs it was doing in its corporate workforce from Source link

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