Tag Archives: Stock

U.S. equity futures rose modestly in pre-market trading Monday as investors geared up for another week of potentially stock-moving events: the Nov. 8 midterm elections and October consumer price data. Futures tied to the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) each gained roughly 0.4%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) were up by roughly the same margin after the index posted its worst weekly loss since January. A batch of downbeat corporate news has… Source link

LSU quarterback Jayden Daniels (5) runs the ball past Alabama defensive back DeMarcco Hellams (2) during the game at Baton Rouge, La., Saturday, Nov. 5, 2022. (AP Photo/Tyler Kaufman) The complexions of the division races in the SEC changed dramatically on Saturday. No. 3 Georgia easily beat No. 1 Tennessee to take control of the SEC East and likely assume the top spot in the College Football Playoff rankings on Monday. And No. 10 LSU took down No. 6 Alabama in dramatic fashion in a 32-31… Source link

Warner Bros. Discovery’s (WBD) stock sank another 14% in mid-afternoon trading on Friday after the company reported third quarter earnings results that missed expectations across the board. “It’s a legacy company of yesteryear that is trying to be a future company of tomorrow,” Julia Alexander, director of strategy at Parrot Analytics, told Yahoo Finance Live (video above). Alexander added that the media giant “is a three-prong company dealing with three different issues,” which she describes… Source link

Wall Street is sipping on Starbucks shares after a better than expected quarter sparked optimism on a broader rebound in the business next year. Starbucks stock gained 3% in premarket trading on Friday as fiscal fourth quarter sales, U.S. same store sales and profits handily beat analyst forecasts. The coffee giant had one of the Top 10 most visited ticker pages on Yahoo Finance ahead of the opening bell. On a call with analysts, execs stuck with upbeat guidance for earnings growth of 15% to… Source link

Stock Market Coverage – Thursday November 3 Yahoo Finance – Yahoo Finance Source link

Retail trading app Robinhood (HOOD) reported third quarter-earnings Wednesday showing the company beat revenue and earnings estimates thanks to higher interest earned from rising rates. But the platform fell short on maintaining monthly active users at consensus expectations. It lost 1.8 million monthly active users for the period, a quarterly decrease of 12.8% to 12.2 million, the lowest level since it listed as a publicly traded company. Shares of HOOD, which have sold off more than 33% year… Source link

The stock market may have come on too hard, too fast in October given the negative news facing investors into year end. “We believe the October rally in risk assets is really on shaky ground because markets previously were looking for a dovish pivot from the Fed and then they were looking for a pause from the Fed,” BlackRock Chief Investment Strategist Wei Li said on Yahoo Finance Live (video above). “So it feels like markets want to see some positive development in terms of a dovish message… Source link

Amazon (AMZN) shares tanked nearly 20% in after-hours trading on Thursday after it reported misses on revenue and sales for its Amazon Web Services cloud business, along with disappointing fourth-quarter guidance. Here’s what came down from the e-commerce giant after the bell: Revenue: $127.1 billion actual versus $127.63 billion expected Adjusted Earnings Per Share (EPS): 28 cents actual versus 22 cents expected Amazon Web Services (AWS) Net Sales: $20.5 billion actual versus $21 billion… Source link

Meta (META) shares plunged more than 22% on Thursday morning after the Facebook parent reported the prior day that its revenue declined last quarter and missed analysts’ expectations. The bad news comes as the social media giant pushes harder into the metaverse, the 3-D virtual world that inspired the company’s leadership to change its name. Not everyone’s sold on the change, and the numbers coming out of Meta and the broader macroeconomic environment certainly don’t help matters. “There is… Source link

Investors in Meta stock wanted to hear one thing on the embattled company’s earnings call late Wednesday: an acknowledgement by founder Mark Zuckerberg that leaner spending times were ahead as margins have been squeezed by an ill-timed metaverse build out and a slowing ad market. They heard the opposite. The social media platform outlined about 13% year-over-year expense growth for fiscal year 2023, well above the Street’s forecast of 7%. Meta will clearly continue to spend aggressively —… Source link