A mania is under way on Wall Street that is being heralded by some as a revolution of individual investors against pros, but there are concerns that the recent flurry of activity — powered by traders using forums on platforms such as Reddit and Discord — signals a topRead More →
U.S. stocks ended higher Friday, with support attributed in part to optimism over a coronavirus treatment as investors attempt to gauge the threat to the economic outlook from a rise in COVID-19 cases. How did benchmarks perform? The Dow Jones Industrial Average DJIA, +1.43% rose 369.21 points, or 1.4%,Read 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 →
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 →
After GoPro Inc., the developer of action cameras, went public in 2014, its revenue peaked in 2015 at $1.6 billion. In the four years since then, GoPro investors have never seen sales get back to those levels, and its stock price has fallen about 88% from its market debut. OnRead More →
A monthlong bout of coronavirus has ravished China, claiming hundreds of lives and sickening thousands but the Asian influenza also has infected the stock market and other assets, chilling bullish sentiment for the moment and stoking uncertainty at a period of lofty valuations. Here are some of the assets andRead More →
Investors hoping for fireworks from Amazon.com Inc.’s earnings report, after a relative dud of a fourth-quarter for the stock, will likely be disappointed, according to the pricing of stock options. There is an options strategy known as a “straddle,” which involves the simultaneous buying of bullish (calls) and bearish (puts)Read More →
Fears of a potential coronavirus pandemic has weighed heavily on shares of companies in a wide variety of sectors this week, particularly those with revenue exposure to travel into and out of China. With the death toll reaching 6, and with more than 300 having been infected by the virus,Read 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 →
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 →
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 →
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 →
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 →
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 →
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 →
