Apple‘s decision to split its stock was done to help make it more accessible for investors, CNBC’s Jim Cramer said Friday, referencing a conversation he had with its CEO, Tim Cook. “I think Apple is taking the right move. Tim told me last night, ‘Hey, I want more people in the stock,'” Cramer said on
Month: July 2020
Amazon, Facebook, and Apple are only the most recent examples of a notable trend: earnings much better than expected. The reopening story may be getting rocky, but one pleasant surprise has been earnings. They are far noisier than normal, but in general they have been better than expected. Much better. And that is one of
Take a look at some of the biggest movers in the premarket: Caterpillar (CAT) – The heavy equipment maker reported quarterly earnings of $1.03 per share, beating the 64 cents a share consensus estimate. Revenue also topped forecasts. The beat came even as sales tumbled from a year ago due to a pandemic-related slump in
Inovio Pharmaceuticals (NASDAQ:INO) is a hot stock to watch right now.The shares of INO stock are up more than 647% from a year earlier. Source: Ascannio / Shutterstock.com In some ways, that is surprising, given that the pharmaceutical company doesn’t currently have any products on the market. The stock jumped after Inovio entered the race
US chip company Nvidia is in talks to buy the UK chip designer Arm from SoftBank in a cash-and-stock deal that would value the unit at more than $32bn, said two people with direct knowledge of the matter. The talks began in recent months after Nvidia approached SoftBank, which has been pursuing a series of
During its third quarter earnings results on Thursday Apple said that the company’s shareholders approved a four-for-one stock split. Stock splits are cosmetic, meaning they do not change anything about a company’s underlying fundamentals. They can lead to renewed interest from smaller investors by making the shares — which are now cheaper — more accessible.
Jason Gorevic, CEO, Teladoc Scott Mlyn | CNBC Earnings reports are coming in fast and furiously, and with a large percentage of companies declining to provide guidance, reporters and analysts are combing through corporate press releases and earnings calls for signs of how business is doing. Semiconductors continue to be the all-round winner Equipment maker
A woman works at a distrubiton station at the 855,000-square-foot Amazon fulfillment center in Staten Island, New York, on February 5, 2019. Johannes EIsele | AFP | Getty Images Check out the companies making headlines after the bell: Facebook — The social media giant’s stock surged 6% in extended trading following the release of the company’s
The U.S. has been using natural gas for two centuries, making natural gas stocks a source of profits for a long time. Prices of energy commodities like natural gas are important for consumers and investors alike. Earlier in the year, natural gas prices in the U.S. dropped to 25-year lows. As a result, in early
If ever there was a symbol of Robinhood traders, beleaguered car-rental company Hertz (NYSE:HTZ) would be it. Hertz stock defied convention, as it unexpectedly spiked soon after the company filed for bankruptcy protection. While the firm itself has laid out 18 specific reasons why its stock has become a risky bet, investors are still piling
After a rough open on the downside, equities coasted higher throughout Thursday’s trading session. That said, here’s a look at a few top stock trades amid a busy earnings week. Top Stock Trades for Tomorrow No. 1: Apple (AAPL) Apple (NASDAQ:AAPL) is set to report earnings after the close on Thursday. It will be joined
Technology companies have become a dominant driver in recent years of economic growth, consumer tastes and the financial markets. The biggest tech stocks as a group, for example, have dramatically outpaced the broader market in the past decade. That’s because technology has reshaped in a major way how people communicate, consume information, shop, socialize, and
CNBC’s Jim Cramer said President Donald Trump’s Thursday morning tweet that suggested delaying the November election could cause problems for equity investors. “It sows chaos, and chaos is bad for the stock market,” Cramer said on “Squawk on the Street.” Dow futures extended their fall slightly in the wake of Trump’s tweet. They then made
Take a look at some of the biggest movers in the premarket: Procter & Gamble (PG) – The consumer products company earned $1.16 per share for its fiscal fourth quarter, 15 cents a share above estimates. Revenue came in above forecasts as well. Organic sales rose 6%, with particular strength in cleaning products boosted by
XpresSpa (NASDAQ:XSPA) CEO Doug Satzman knew XSPA stock was in trouble. The month was March, and not only was Satzman’s company unprofitable – burning $10 million in cash throughout 2019 – it was now facing a global pandemic. Source: UfaBizPhoto/ShutterStock.com By the end of March, what was left of the company crumbled: air travel sunk
The US economy contracted the most in postwar history in the second quarter as unprecedented shutdowns closed businesses and left millions of Americans out of work during the pandemic. Gross domestic product, or the value of all goods and services produced by the economy, shrank at an annualised rate of 32.9 per cent, according to
The stock market is holding up well because it believes three things are happening: 1) a vaccine is coming, 2) there will be almost infinite stimulus from the Federal Reserve, and 3) the second quarter was the worst quarter for corporate profits and those profits will slowly improve. But there’s a subtext to much of
A closed sign is displayed in the window of a business in a nearly deserted lower Manhattan on April 17, 2020 in New York City, Spencer Platt | Getty Images When the government releases gross domestic product data on Thursday, it is expected to show an unprecedented contraction of nearly 35% in the second quarter
Wells Fargo (NYSE:WFC) posted its first quarterly loss since 2008 and cut its quarterly dividend by over 80.4% from 51 cents to 10 cents per share. However, Wells Fargo stock will survive this just fine. I suspect Wells Fargo will restore the dividend after the novel coronavirus recession ends. Source: Martina Badini / Shutterstock.com Moreover,
Sometimes I get asked to write an article and feel like my InvestorPlace colleagues have said everything I can think of saying. That’s the case with Hertz (NYSE:HTZ). The company is in bankruptcy proceedings, yet somehow Hertz stock has become the apple of speculators’ eyes. Source: aureliefrance / Shutterstock.com Because of this interest in Hertz
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