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Is the trading in GameStop and AMC a major risk? Analysts weigh in

Is the trading in GameStop and AMC a major risk? Analysts weigh in

2021-01-28
By: Staff Writer

  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 →

Dow adds nearly 400 points, Nasdaq sets another record, and stocks notch weekly gains

2020-07-10
By: Staff Writer

  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 stock rises as coronavirus work-from-home shift boosts subscription revenue

2020-06-11
By: Staff Writer

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 revenue tops $200 million for first time, but stock tanks after slight forecast change

2020-06-04
By: Staff Writer

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 →

GoPro has been a no-growth company almost since its IPO

2020-02-05
By: Staff Writer

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 →

Coronavirus outbreak has helped spark vicious swings in stocks, bonds and other assets

2020-01-31
By: Staff Writer

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 →

Here’s what Amazon’s stock option traders are expecting after earnings

2020-01-30
By: Staff Writer

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 →

This is how far and fast the coronavirus has spread through U.S. stocks

2020-01-21
By: Staff Writer

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 →

Beyond Meat’s stock is still rising, but the ride is getting a bit rough

2020-01-14
By: Staff Writer

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 stocks rise as Salesforce hits new high, cybersecurity rallies on Iran concerns

2020-01-06
By: Staff Writer

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 →

AMD stock finally breaks its dot-com-era record high

2020-01-04
By: Staff Writer

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 →

Tesla’s stock spikes into record territory after deliveries top expectations

2020-01-03
By: Staff Writer

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 stock heads toward highest prices in more than a decade after new Vascepa FDA approval

2019-12-14
By: Staff Writer

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 stock declines as wireless chip stance confuses some analysts

2019-12-13
By: Staff Writer

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 stock tanks after Morgan Stanley says massive rally means it’s time to sell

2019-12-02
By: Staff Writer

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 →

Apple’s new AirPods to be ‘clear star’ of Black Friday amid surging demand

2019-11-28
By: Staff Writer

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 softer in holiday-thinned trade as China-U.S. tensions rise

2019-11-28
By: Staff Writer

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 shares edge up 2% on higher revenue, but it still faces IT headwinds

2019-11-26
By: Staff Writer

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 →

LVMH Moët Hennessy reaches $16.2 billion deal for Tiffany & Co.

2019-11-25
By: Staff Writer

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 →

Dow’s surge to 28,000 powered by Apple and Home Depot’s stocks

2019-11-15
By: Staff Writer

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 stock plunges 11% as cannabis producer scales back expansion amid declining revenue

2019-11-14
By: Staff Writer

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 stock falls as slowdown spreads, CEO says ‘the entire quarter was worse than we had expected’

2019-11-13
By: Staff Writer

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 earnings show pot sales quintupling, beating expectations

2019-11-12
By: Staff Writer

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 pull back as investors cool on U.S.-China trade progress

2019-11-08
By: Staff Writer

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 CEO departure the latest spot of bad news for embattled retailer

2019-11-07
By: Staff Writer

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 →

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