The quarter has been stellar, with the Nasdaq COMP, +0.74% in particular on fire, but the Russell 2000 RUT, +0.40% hasn’t been far behind. Russell 2000 — a contender. Our call of the day from Mary Lisanti, president of Lisanti Capital Growth and manager of the Lisanti Small Cap GrowthRead More →
Adobe Inc. shares rose in the extended session Thursday after the software company’s earnings and contract revenue topped Wall Street estimates as the drive for mobile workplaces because of COVID-19 increased demand for its digital products. Adobe ADBE, -4.70% shares rose 4.4% after hours, following a 4.7% decline in theRead More →
With the country entering its third week of protests over social and racial justice, the spotlight has been cast again on the state of blacks in the workforce — in particular, the glacial progress of diversity in tech. It’s a topic that has flickered for decades, with fitful attempts atRead More →
Slack Technologies Inc. revenue topped $200 million in a quarter for the first time, but the stock still sank hard in the extended session Thursday afternoon after closing at record highs in recent days. Slack reported a loss of $74.4 million, or 13 cents a share, on revenue of $201.7Read More →
The COVID-19 outbreak brought waves of new users to Zoom Video Communications Inc. and Slack Technologies Inc., but this week we find out how many are actually paying for the services, and how much it is costing the companies to support them. Zoom ZM, +13.74% will report quarterly earnings TuesdayRead More →
If you’re an investor who doesn’t want to miss out on the next big trend, you had better pay attention to what’s going on in space. When people think about the space business, they may be excited that on Saturday the U.S. finally regained the ability to send people intoRead More →
As was the case Wednesday, when the highly anticipated launch from the Kennedy Space Center of a SpaceX rocket in cooperation with NASA was scrubbed, the weather forecast for Saturday on central Florida’s Atlantic coast makes the rescheduled launch a 50-50 proposition. The launch is set for Saturday at 3:22Read More →
Tech stocks aren’t the only things falling because of coronavirus fears — At least five tech conferences were canceled this week due to risks associated with COVID-19, including a large meeting of videogame developers. Late Friday afternoon, the annual Game Developers Conference, or GDC, was postponed after several important attendeesRead More →
There may be a thaw in HP Inc.’s takeover standoff with Xerox Holdings Corp. During a call with reporters and analysts ahead of the release of its first-quarter earnings Monday, HP’s HPQ, -2.64% two highest-ranking executives left open the door to a combination with the printing company, but only underRead More →
Amazon CEO Jeff Bezos is reportedly paying $165 million for a palatial Beverly Hills mansion, and, according to SEC filings, with that sum the Amazon AMZN, -0.70% founder could have footed the entire 2019 federal tax bill his company is planning to pay this year. He’d have $3 million leftRead More →
During the California gold rush, many miners went bankrupt. However, many of the merchants selling picks and shovels became rich. Most investors recognize that the gold rush is on in 5G and artificial intelligence. The gold rush is also on in automotive electronics. Just take a look at a massiveRead More →
Nvidia Corp. shares rallied in the extended session Thursday after the chip maker’s data-center sales and outlook topped Wall Street estimates while returning to revenue growth. Nvidia NVDA, -0.65% shares rose more than 6% after hours, following a 0.7% decline in the regular session to close at $270.78. The companyRead More →
Thank China (again) for what looks like another bullish day on Wall Street after Beijing pledged to halve tariffs on $75 billion in U.S. imports, while political uncertainty has eased after the Senate acquitted U.S. President Donald Trump. That is as investors have decided the deadly coronavirus isn’t a reasonRead More →
An earlier version of this report misstated Sonos’ year-ago Ebitda figure. The correct amount is $87 million. Sonos Sonos said it’s getting more effective with its promotions. Sonos Inc. had a stronger-than-expected holiday quarter fueled by new products like a portable speaker and a partnership with IKEA. The company toppedRead More →
European stock markets shook off early losses and moved firmly higher on Wednesday, helped by a strong session on Wall Street and fresh hopes that researchers could be nearing an effective treatment for the coronavirus. Several updates on the corporate front were moving individual stocks. The Stoxx Europe 600 indexRead More →
IBM Corp. investors are hoping that incoming Chief Executive Arvind Krishna will bring the same relentless focus on the cloud that Satya Nadella brought to help turn around Microsoft Corp. Earlier Thursday, news that Ginni Rometty will be stepping down as CEO on April 6 and be replaced by Krishna,Read More →
Xilinx Inc. shares are headed for their fourth post-earnings drop in as many quarters, prompting analysts to hope this is the last time the company will reset its bar lower. Though the company topped earnings expectations for its fiscal third-quarter in a late Tuesday report, it issued a disappointing forecastRead More →
Apple reported blowout earnings after the stock market closed Tuesday. Earnings were better than the consensus and the whisper numbers. Still, those numbers are in the rearview mirror. Let’s look ahead: The prospects for iPhone 12, a 5G-based phone, just got better. However, Apple investors and those who want toRead More →
No doubt investors are ready to push Apple shares higher Wednesday after record results, but some analysts appeared divided as to how much further this will juice the stock. Apple shares AAPL, +2.83% rallied late Tuesday after the consumer technology giant reported the second-best quarter ever for iPhone sales, pushingRead More →
Advanced Micro Devices Inc. shares declined in the extended session Tuesday after the chip maker’s outlook fell below Wall Street estimates and data-center sales did not come in as well as expected. AMD AMD, +2.58% shares declined 2% after hours, following a 2.6% rise in the regular session to closeRead More →
Two of the best-performing tech stocks of 2019 are set to report results Tuesday, but they’ll do so with a looming shadow. Stocks suffered their worst day in more than three months Monday, amid fears of a virus spreading in and out of China. Apple Inc. AAPL, -2.94% and AdvancedRead More →
U.S. stock futures indicated sharp losses for major indexes on Monday, continuing a drop seen from late last week, as concern grows over the fallout from China’s coronavirus, with the death toll and number of infected climbing dramatically from last week. How are benchmarks performing? Dow Jones Industrial Average futuresRead More →
The Earned Income Tax Credit is designed to act as a cash infusion to low-income families. In fact, some experts have called it “one of the largest and most studied antipoverty programs in the United States.” And yet, far too many taxpayers aren’t aware of the credit, according to aRead More →
Intel Corp. crushed revenue expectations for the fourth quarter by about $1 billion and sent its stock to a new post-dot-com-boom high, but the company didn’t get a ton of credit from analysts. Intel INTC, +8.13% remains a controversial name on Wall Street as the chip giant deals with productionRead More →
A week that started with a coronavirus panic looks set to end on a high note. Earnings optimism and the fact that investors no longer seem to be panicking over the deadly China illness is helping. Wall Street has also been distracted by red-hot Tesla TSLA, +0.46% shares, up 12%Read More →
