Alibaba (BABA) is following up its 60% year-over-year jump in revenue to $5.2 billion for the latest quarter with a two-day investor meeting June 8 and June 9 at its headquarters in Hangzhou, China. Speakers at the event will include executive chairman Jack Ma, executive vice chairman Joe Tsai, CEO Daniel Zhang and CFO Maggie Wu. […]
Stocks most owned by hedge funds and mutual funds managing more than $3 trillion are handily beating the market this year, according to Goldman Sachs. Technology is by far the favorite sector of professional investors, with hedge funds increasing their bets in the space last quarter by a large amount. “Follow the proverbial ‘smart money.’ […]
Microsoft MSFT shares continued their impressive run on Monday morning, moving more than 1.5% higher and hitting a new 52-week high in the process. The software giant will now try to break into a new range, which could lead some investors to wonder whether now is a great—or risky—time to buy this stock. After closing […]
It could be time to cheer up, Ford (F) shareholders. The year has been a tough one for Ford as it has dealt with a lack of love on Wall Street and more recently, an overhaul in its executive suite. Since the start of the calendar year, the automaker’s stock has shed nearly 7% of its […]
Better-than-expected earnings made Broadcom the best performing stock in the S&P 500 Friday. Broadcom (AVGO) soared to the top of the S&P 500 today after reporting higher-than-expected earnings and a larger role in Apple’s (AAPL) iPhone 8. Broadcom gained 8.5% to $254.53 today, while the S&P 500 advanced 0.4% to 2,439.07. AVGO reported another solid quarter, […]
https://vid.thestreet.com/p/105/sp/0/playManifest/protocol/https/entryId/0_g9xqy78r/format/url/flavorParamId/35/video.mp4 Don’t give up on Palo Alto Networks (PANW) . Palo Alto Networks, which reports on Wednesday after the close, hasn’t recovered from the bludgeoning it took three months ago after missing January quarter sales/billings estimates and issuing below-consensus April quarter and fiscal 2017 (ends in July) guidance. Shares are down about 40% from their […]
Comcast has grown market share each quarter since the X1 platform reached 30% penetration in 2015 Getty Images The first quarter of 2017 proved not to be a good one for media companies faced with the impact of cord cutting. But Comcast Corp. CMCSA, is one company that may be well positioned to embrace the […]
Best Buy shares soar after better-than-expected first-quarter earnings Best Buy is seeing growth in appliances, and will bring more in-home services to customers this year Best Buy Co Inc. attributed its better-than-expected quarter to mobile, gaming and improved overall sales trends. Neil Saunders, managing director of GlobalData Retail, thinks it has more to do with […]
Yesterday, shares of Under Armour (UAA) surged 9.9% as investors cheered its better-than-expected earnings. Baird’s Jonathan Komp and Benjamin Bray, however, note that the Bull-Bear debate around Under Armour is far from over. And remember, this is coming from a pair of bulls. So why do Komp and Bray warn investors not to make too […]
Shares of ExxonMobil (XOM) traded up as much as 1.5% this morning after the oil giant beat earnings forecasts. They’ve been coming in ever since. Exxon reported a profit of 95 cents a share, beating forecasts for 88 cents, on sales of $63.3 billion, missing forecasts for $66.4 billion. In a note released before the […]
Cerner (CERN) soared to the top of the S&P 500 today after the health care information technology company reported better-than-expected earnings and revenue. Cerner gained 7.8% to $64.75 at 5:03 p.m. today, while the S&P 500 declined 0.2% to 2,384.20. Canaccord Genuity’s Richard Close and Brian Hoffman contend Cerner may be “rediscovered its mojo.” They explain: We […]
Synchrony Financial (SYF) tumbled to the bottom of the S&P 500 today after missing earnings forecasts by a wide margin thanks to a bigger-than-expected jump the amount of money set aside to cover bad loans. Synchrony Financial dropped 16% to $27.80, while the S&P 500 declined 02% to 2,384.20. Jefferies analyst John Hecht and team write […]
