Gap Inc. stock rallied in the extended session Thursday after the retailer backtracked from its plan to spin off its Old Navy brand. Gap GPS, +3.85% shares rose as much as 9% in after-hours trading after ending the regular trading day up 3.9%. Mounting costs and a softer business performanceRead More →
Shares of Beyond Meat Inc. rose again Tuesday to extend the rocket ride of the past week, but it wasn’t very smooth sailing for investors. The plant-based meat company’s stock BYND, +3.64% soared out of the gate Tuesday, gaining as much as 18.2% to touch an intraday high of $135.23Read More →
Cloud-computing and cybersecurity stocks outperformed broader indexes Monday as shares of Salesforce.com Inc. closed at an all-time high and on heightened concerns of an Iranian cyberattack against the U.S. Salesforce CRM, +4.38% shares closed 4.4% higher Monday at a record $173.45, after touching an intraday record of $173.67, afterRead More →
Advanced Micro Devices Inc. had the best-performing stock on the S&P 500 in 2018and 2019, but it took a strong start to 2020 to finally break the chip maker’s record high from the dot-com bubble days. AMD AMD, -1.02% shares jumped 7.1% on the first day of trading in theRead More →
Shares of Tesla Inc. spiked higher into record territory Friday, after the electric vehicle maker reported deliveries that rose above Wall Street’s expectations. The stock TSLA, +3.97% shot up 5.3% in recent morning trading to $452.86 a share, to reverse an earlier premarket pullback of as much as 2.0%. TheRead More →
For the semiconductor industry, 2019 was the best of years and the worst of years all in one: Chip-related stocks turned in their best performance in a decade, while sales declined at a rate not seen since the last economic downturn. The PHLX Semiconductor Index SOX, +0.28% increased 60.1% inRead More →
Amarin Corp.’s stock moved toward a new decade-high price in the extended session Friday after a Food and Drug Administration marketing approval that gave its drug Vascepa a wider use. U.S. traded shares of Dublin-based Amarin AMRN, +4.92% rose more than 5% Friday after being halted for half the tradingRead More →
Broadcom Inc. shares slid Friday after half the analysts covering the chip maker raised their price targets but expressed concern about the company downplaying its wireless assets ahead of next year’s anticipated release of 5G technology. Broadcom AVGO, -3.78% shares fell 3.8% to close at $315.42, after touching an intradayRead More →
CrowdStrike Holdings Inc. fielded praise from analysts Friday after the cybersecurity company reported a strong quarter and outlook, but a drop in the stock from recent highs and a looming post-IPO lock-up period expiration may make the stock volatile in the short term. CrowdStrike CRWD, -3.89% shares closed down 3.9%Read More →
Roku Inc.’s stock surged more than 400% through the first 11 months of the year, and Morgan Stanley analyst Benjamin Swinburne is concerned that it’s about to head in reverse. Swinburne downgraded Roku shares ROKU, -15.91% to underweight from equal-weight on Monday, writing that the stock looks far too expensive,Read More →
Demand for Apple’s new AirPods is surging ahead of Black Friday sales and the wireless earbuds could see shortages heading into the holiday season, according to Wedbush Securities analyst Daniel Ives. The technology company AAPL, +1.34% has reportedly ramped up production due to the success of its latest product. TheRead More →
European stocks fell in holiday-thinned trading on Thursday, with banks, automobile makers and software companies bearing the brunt of losses after fresh signs of tensions between the U.S. and China. The Stoxx Europe 600 SXXP, -0.23% slipped 0.2% to 408.82, after logging a new 52-week high on Wednesday, with aRead More →
HP Inc. shares edged up 2% in after-hours trading Tuesday after the computing giant reported a slight bump in fourth-quarter revenue, but it continues to face stiff IT headwinds. HP HPQ, -0.45% reported net income of $388 million, or 26 cents a share, compared with net income of $1.45 billion,Read More →
European luxury conglomerate LVMH Moët Hennessy Louis Vuitton announced Monday that it has reached a $16.2 billion (14.7 billion euro) deal for U.S. jeweler Tiffany & Co. Under terms of the transaction, LVMH MC, +1.93% will pay $135 for each Tiffany TIF, -0.78% share. The companies have reportedly beenRead More →
Pure Storage Inc. joined a group of hardware companies that have put a damper on hopes for a second-half rebound, blaming a tough pricing environment and slowing economy for its fiscal third-quarter earnings shortfall and weaker outlook for the fourth quarter. On Thursday, after the company’s disappointing results, shares ofRead More →
Sonos Inc.’s product introductions and marketing improvements helped it top sales expectations in the latest quarter and the maker of speakers is feeling optimistic about the year ahead even as recent tariffs are expected to negatively impact results. The company posted a fiscal fourth-quarter net loss of $29.6 million, orRead More →
The Dow Jones Industrial Average marked history on Friday by finishing at a round-number milestone at 28,000, but the blue-chip benchmark couldn’t have scaled the thousand-point milestone without a rally in Apple and shares of Home Depot. The Dow DJIA, +0.80% closed up 222.93 points, or 0.8%, to help itRead More →
Aurora Cannabis Inc. reported a 24% sequential decline in revenue Thursday, reporting sales of C$75.3 million ($56.8 million) versus C$98.9 in the previous quarter, as the company slows its expansion plans in Canada and abroad. U.S.-traded shares of Aurora ACB, -7.32% ACB, -6.61% fell more than 11.6% in the extendedRead More →
Facebook Inc. pulled tens of millions of user posts that violated its terms of service in the past six months, according to its biannual transparency report on Wednesday. This has become a customary company announcement, just like a quarterly earnings report. What is new is the addition of data fromRead More →
Cisco Systems Inc. issued a disappointing forecast for a second consecutive quarter Wednesday, sending shares down and increasing fears of a slowdown in global tech spending. Cisco CSCO, +0.19% projected that revenue would fall 3% to 5% year-over-year in its fiscal second quarter, and guided for a slight profit increaseRead More →
Shares of McClatchy Co. sank Wednesday, after the publisher of local newspapers warned that it faced a “liquidity challenge” next year following an unfavorable ruling associated with required contributions to its under-funded pension plan. McClatchy, whose publications include the “Miami Herald,” “The Kansas City Star” and “The Charlotte Observer,” alsoRead More →
Tilray Inc. sold nearly five times more pot than last year to beat Wall Street expectations in a Thursday quarterly earnings report, but losses widened. Tilray TLRY, -1.60% reported a third-quarter net loss of $35.7 million, or 36 cents a share, versus $18.7 million, or 20 cents a share, inRead More →
It’s as bad a time for the global economy as any since the end of the last recession, according to two separate surveys released on Monday. The IHS Markit global business outlook—which surveys 12,000 companies three times a year—fell to the worst level since 2009, when data was first collected.Read More →
European stocks fell on Friday as investors cooled on prospects for global trade developments, with losses for Swiss luxury goods group Compagnie Financière Richemont SA CFR, -4.37% and French bank Crédit Agricole SA, along with major oil companies. The Stoxx 600 SXXP, -0.29% slipped 0.4% to 404.74 after closing ThursdayRead More →
Gap Inc. shares fell more than 10% in the extended session Thursday after the retailer said President and Chief Executive Officer Art Peck will be stepping down and cut it outlook for the third quarter and for the year. Peck will “depart from the company after a brief transition,” GapRead More →
