U.S. stock futures are mixed this morning. Tech stocks are trading broadly higher following a solid quarterly earnings report from Apple (NASDAQ:AAPL). However, the rest of the market is feeling pressure from an escalation in rhetoric in the U.S.’s trade war. Specifically, President Donald Trump is considering boosting tariffs on some Chinese imports. Trump originally
0 Comments
David Einhorn, president of Greenlight Capital Inc., speaks. Photographer: Michael Nagle/Bloomberg Famed hedge fund investor David Einhorn is having a brutal year. He’s down over 18% in 2018, posting some of the worst performance in the entire hedge fund industry. Surprisingly, it could have been worse for Einhorn. Despite his losses, Einhorn actually dodged a big bullet
0 Comments
Several Wall Street firms are cautioning their clients about the prospects for Twitter shares, saying the social media company’s stock will not outperform until user growth returns. On Friday the company posted slightly lower-than-expected second-quarter monthly active user (MAU) numbers. But the bigger disappointment was Twitter’s guidance for the third quarter, when it forecasts a
0 Comments
The market’s favorite technology stocks are tanking as investors growing concerned over the companies’ ambitious growth targets following disappointing financial results from Facebook and Netflix this month. The NYSE FANG+ index is down more than 10 percent from its high of 3,062.88 in mid-June after its 2.7 percent drop Monday to the 2,737 level. FANG
0 Comments
Check out the companies making headlines after the bell: AK Steel plummeted more than 8 percent during after-hours trading on Monday, after missing second quarter earnings estimates. The company reported earnings of 18 cents per share, missing Wall Street estimates of 20 cents. Its reported revenues were in line with expectations at $1.75 billion for
0 Comments
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Thursday’s session are Lululemon Athletica Inc., Finisar Corp., and Target Corp. Lululemon Athletica LULU, +1.67%  is projected to report first-quarter earnings of 32 cents a share, according to a consensus survey by FactSet. “We believe, given the stock’s performance
0 Comments
The production line of Bristol Myers Squibb’s pharmaceutical plant of French group UPSA (Union de pharmacologie scientifique appliquee) in Agen, southwestern France, on March 29, 2018.   (Photo credit Georges Gobet/AFP/Getty Images) Bristol-Myers Squibb (NYSE:BMY)recently posted its Q2 results, which topped the Street estimates. The company’s overall revenues grew 14%, led by continued ramp up in
0 Comments