Tag Archives: Stock

Wall Street isn’t letting a 93% explosion in the value of Ford’s stock this year stop them from predicting further gains ahead as the automaker continues to chop away at costs and rolls out a host of new electric vehicles.  “Q3 results were solid globally showing the benefit of restructuring the new higher margin products and we continue to see numerous catalysts including production recovery as semi capacity comes back, further updates on Argo AI, and new product launches,” said Wells Fargo… Source link

Stock futures opened slightly higher Wednesday evening after a mixed day in the markets, with the major equity indexes pulling back from record levels. Traders looked ahead to more earnings and economic reports on Thursday.  Contracts on the S&P 500 ticked up. The blue-chip index dropped on Wednesday after posting two consecutive days of record closing highs. The Dow also declined, while the Nasdaq ended slightly higher.  Investors on Thursday are set to receive more earnings data, as well… Source link

Stock futures traded little changed Tuesday evening as investors eyed a slew of stronger-than-expected earnings results from closely watched technology companies. Both the Dow and S&P 500 had set record closing and intraday highs during Tuesday’s session.  Google’s parent-company Alphabet (GOOG, GOOGL) saw shares tick up in late trading after posting third-quarter revenues and earnings that topped consensus estimates, fueled by a further rise in online advertising spending especially among… Source link

Stock futures opened slightly higher Monday evening, steadying near record levels as investors awaited another hefty set of earnings and economic data.  The S&P 500 and Dow had each reached all-time highs during Monday’s session, with equity investors proving resilient even in the face of ongoing supply chain challenges and elevated inflationary pressures.  The Nasdaq Composite jumped by 0.9%, coming within 1% of its own record closing high as shares of Tesla (TSLA) rallied for a fourth… Source link

Shares of Digital World Acquisition Corp (DWAC), the special purpose acquisition which plans to take former President Donald Trump’s social media venture public slid 10% on Monday afternoon after short-seller Iceberg Research announced it was betting against the stock. “We are short $DWAC,” wrote Iceberg Research in a tweet.  DWAC shares had jumped more than 800% over the span of two sessions last week after Digital World Acquisition announced it was taking Trump Media and Technology Group… Source link

The U.S. Securities and Exchange Commission (SEC) is still weighing its response to the frenzy over meme stocks, but its leader acknowledged that investors were among the losers when brokerages abruptly restricted trading in late January. “Restrictions on trading that fateful Friday in January was not good for the retail investors that wanted access to the markets,” said SEC Chair Gary Gensler during Yahoo Finance’s All Markets Summit. That “fateful Friday” was Jan. 29, when several… Source link

Despite the ever scary inflation headlines, the Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC) are flirting with record highs.  That’s counter to prevailing wisdom, right?  On paper, increasing inflationary pressure brought on mostly from the pandemic should be pounding corporate profit margins and weighing on outlooks. So far this earnings season, on balance that hasn’t happened and stock prices have been fast to jump on the less dire narrative, pros say.  “Investor sentiment had… Source link

By Krystal Hu and Anirban Sen (Reuters) – Donald Trump has united some of his supporters and detractors in buying shares in his new company and hoping to score a big win. Anthony Nguyen, a 49-year-old software consultant from Austin, Texas, is a Republican who refused to vote for the former U.S. president in last year’s election. Last week he joined the millions of online day traders who drove up the value of the company that will house Trump’s new social media venture to almost $12 billion…. Source link

China’s property bubble just got pricked — this could mean trouble for the stock market New home prices in China slid 0.8% in September. It was the country’s first real estate decline in six years, triggered largely by the Evergrande fiasco. Residential sales, meanwhile, tumbled 17%. Given China’s massive role in global trade, its problems could easily extend to the U.S. economy and spark something worse than inflation: stagflation. Stagflation refers to an economy that’s experiencing… Source link

Snap’s (SNAP) stock was down more than 23% in early trading Friday morning after its earnings report sharply missed revenue expectations the day before. Why the big miss? CEO Evan Spiegel said Apple’s (AAPL) recent privacy changes to iOS hampered advertisers’ efforts to track their campaigns. “Our advertising business was disrupted by changes to iOS ad tracking that were broadly rolled out by Apple in June and July,” Spiegel said during the company’s earnings call. “We have… Source link