For years, Wall Street groused about Silicon Valley’s refusal to pay dividends and buy back stock as tech companies grew into cash-generating machines. That is no longer a problem, even though those tech companies are generating fewer profits than they were in previous years. In fact, some tech companies are basically paying off Wall Street … Read more
January’s market rally faces a major test in the week ahead from multiple major events, the most important of which could be the Federal Reserve’s interest rate announcement and press conference. The Fed’s meeting Tuesday and Wednesday comes amid a flood of corporate earnings reports, with about 20% of the S & P 500 reporting … Read more
Technology stocks are on quite a tear to start 2023, but that could actually be an ominous signal. The Nasdaq Composite Index COMP, +0.95% is up 11% so far this month, on track for its best January performance since it notched a 12.2% gain in 2001, according to Dow Jones Market Data. But that 2001 … Read more
Pat Gelsinger, CEO, of Intel Corporation, testifies during the Senate Commerce, Science, and Transportation hearing on semiconductors titled Developing Next Generation Technology for Innovation, in Russell Senate Office Building on Wednesday, March 23, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images Intel shares continued to slide on Friday, falling as much as 10% … Read more
A U.S. flag is seen outside the New York Stock Exchange (NYSE) in New York City, January 26, 2023. Andrew Kelly | Reuters Here are the most important news items that investors need to start their trading day: 1. On a roll Stocks are headed for a winning week after Thursday’s strong session. The gross … Read more
Check out the companies making headlines before the bell: Walgreens (WBA) – The pharmacy chain operator’s stock added 1.5% in the premarket after Deutsche Bank upgraded the stock to buy from hold. Following a recent meeting with management, the firm said it is increasingly confident in Walgreens’ strategy to transition to a healthcare services company. … Read more
Advanced Micro Devices (AMD) CEO Lisa Su believes the chip designer’s blockbuster Xilinx acquisition has gone to plan since it closed in February, with more benefits awaiting on the horizon. Buying Xilinx helped AMD further diversify its business away from personal computers, significantly boosting the company’s ability to help power industries like aerospace, automotive and … Read more
AMD President and CEO Lisa Su speaks during an AMD event at CES in Las Vegas on Jan. 6, 2020. Bridget Bennett | Bloomberg | Getty Images Advanced Micro Devices shares rose as much as 3% in extended trading on Tuesday after the chipmaker announced earnings and quarterly guidance that failed to meet Wall Street’s … Read more
Apple CEO Tim Cook visits the Apple Fifth Avenue store for the release of the Apple iPhone 14, New York City, September 16, 2022. Andrew Kelly | Reuters Apple stock rose more than 7% on Friday after reporting September quarter earnings that modestly beat expectations on revenue and profit and showed global demand for its … Read more
Amnon Shashua, president and chief executive officer of Mobileye Global Inc., and Patrick Gelsinger, chief executive officer of Intel Corp., outside the Nasdaq MarketSite during the company’s IPO in New York, US, on Wednesday, Oct. 26, 2022. Michael Nagle | Bloomberg | Getty Images Mobileye shares popped more than 30% in their stock market debut … Read more