Tag Archives: Stock

Facebook shares are likely to stay in the penalty box for some time in the wake of a lackluster fourth quarter and even worse 2022 outlook as Apple privacy changes and a surging TikTok take their collective toll on profits. “Shares are probably dead money at this level of growth for at least the next three months,” said top tech analyst Mark Mahaney of EvercoreISI on Yahoo Finance Live. Meta shares were rocked to the tune of 25% on Thursday’s session, and rightfully so most analysts… Source link

Amazon (AMZN) reported fourth quarter results on Thursday and announced it will raise its Prime membership fee to $139 per year from $119 in the U.S. The stock is soaring in after-hours. These are the top- and bottom-line results for Amazon’s fourth quarter. Earnings per share: $27.75 vs $3.77 expected Revenue: $137.4 Billion vs $137.82 Billion expected AWS net sales: $17.78 Billion vs $17.23 Billion expected This is the third time since the launch of Amazon Prime that the e-commerce giant… Source link

Futures tied to Wall Street’s key benchmarks were mixed heading into overnight trading Wednesday after stocks closed higher for the fourth straight day on the heels of Big Tech earnings. However, the winning streak in equities was eclipsed by disappointing fourth quarter results from Facebook parent company Meta (FB), which reported figures that missed estimates after the bell on Wednesday. The results sent shares tumbling more than 20% in post-market trading. Contracts on the tech-focused… Source link

Tech stocks on the Nasdaq are rising, led by big gains from shares of Google parent Alphabet Inc. (GOOG) after the company posted strong earnings and announced a 20-for-1 stock split. The Dow Jones wavered and S&P 500 gained.  The indexes rose yesterday in another choppy day of trading, as markets reacted to earnings. So far, more than 36% of the S&P 500 companies have reported results, with more than 78% topping analyst expectations. Among the companies reporting earnings today… Source link

Google parent Alphabet Inc. GOOG 1.61% said on Feb. 1 that it will enact a 20-for-1 stock split, giving shareholders 19 more shares for every one they own.  Stock splits had fallen out of favor over the last two decades. But since the pandemic Apple Inc., Tesla Inc. and now Alphabet have revived the practice in an effort to make their shares more affordable for individual… Source link

Larry Page (L) and Sergey Brin (R), the co-founders of Google, at a press event where Google and T-Mobile announced the first Android powered cellphone, the T-Mobile G1. (Photo by James Leynse/Corbis via Getty Images) James Leynse | Corbis Historical | Getty Images Google parent Alphabet announced plans for a 20-for-1 stock split on Tuesday as part of the technology company’s quarterly earnings statement. Alphabet stock was up more than 7% following the news. The move comes a year and a half… Source link

The buy-the-dip crowd is circling the markets like a hungry shark does a wounded whale after a brutal January. “The equity market sell-off is overdone in our view, and we reiterate our call to buy the dip, particularly in cyclicals and small caps,” said JPMorgan strategist Marko Kolanovic in a new research note.  That is easier said than done for most investors following a tough start to the year for markets. The S&P 500 index sold off to the tune of 5.3% in January, marking its worst monthly… Source link

Contracts on Wall Street’s main indexes edged lower in pre-market trading Tuesday after stocks bounced back from a losing streak in the previous session to cap the last day of a historically volatile January in the green. Futures tied to the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite fell in overnight trading after the S&P 500 recorded its roughest monthly performance since March 2020 in Monday’s session. Meanwhile, the Nasdaq Composite narrowly avoided its worst-performing… Source link

If the Federal Reserve raises interest rates seven times this year as Bank of America head of global economics Ethan Harris predicted in a new call, the stock market won’t be immune from those hikes. “I think it’s a flattish market, to be honest,” Harris told Yahoo Finance Live on Monday. “I think for now we have had the near-term corrections and the markets had to deal with the fact that the Fed isn’t going to be completely friendly going forward. They helped drive the stock market. Now they… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, January 31, 2022 Remember your first bad breakup? I bet it was painfully brutal. The weeks full of tears. The instant anger at the sight of life itself. The endless worrying if your ex was already seeing someone else. The parking outside of their house from 9 p.m. to 4 a.m. with the lights off to watch if they went anywhere (or was that… Source link