Markets

Confidence ‘has never been higher’ : Here’s what 4 Wall Street banks had to say about Apple’s fiscal 4th-quarter earnings

While investors balked at Apple’s worse-than-expected quarterly iPhone sales, analysts are looking past the September quarter and largely optimistic toward the company’s future. The tech giant reported revenue and earnings on Thursday afternoon that beat estimates, but its stock tumbled as phone sales disappointed shareholders. Analysts at major banks praised […]
Confidence ‘has never been higher’ : Here’s what 4 Wall Street banks had to say about Apple’s fiscal 4th-quarter earnings
Markets

US stocks trade mixed as investors weigh strong earnings against stimulus hold-up

US stocks traded mixed on Tuesday as investors weighed strong earnings reports and deal news against the latest delay in economic stimulus. Merck,HSBC,Corning, and others beat third-quarter estimates when they reported figures Tuesday morning. The healthy readings suggest the bulk of the coronavirus’s economic fallout landed earlier in the year. […]
US stocks trade mixed as investors weigh strong earnings against stimulus hold-up
Markets

US stocks waver as investors mull dwindling chances for near-term stimulus

US stocks wavered on Friday as new commentary from the White House cut into hopes for pre-election stimulus. While House Speaker Nancy Pelosi indicated a bill could still be approved before Election Day, Treasury Secretary Steven Mnuchin noted that “significant differences” remain between each side’s respective proposals. The tepid session […]
US stocks waver as investors mull dwindling chances for near-term stimulus
Markets

US stocks climb as traders place bets on last-minute stimulus breakthrough

US stocks gained on Friday as Wall Street monitored Washington for updates to stimulus negotiations. House Speaker Nancy Pelosi previously said she hoped to reach an agreement before the weekend and added on Thursday that Democrats and the White House were “just about there” on a compromise. Still, Senate Republicans […]
US stocks climb as traders place bets on last-minute stimulus breakthrough
Markets

US stocks edge lower as investors mull odds of stimulus deal by end of week

US stocks declined slightly on Wednesday as investors weighed the latest developments in reaching a stimulus agreement. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to reach a deal before a Tuesday deadline and now aim to finalise a proposal before the weekend. Senate Democrats blocked Republicans’ $US500 […]
US stocks edge lower as investors mull odds of stimulus deal by end of week
Markets

US stocks climb as investors await signs of stimulus progress

US stocks climbed on Wednesday as investors waited for news on stimulus talks. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to reach a deal before their Tuesday deadline and now aim to finalise an agreement before the weekend. Pelosi told reporters she remains hopeful a compromise can […]
US stocks climb as investors await signs of stimulus progress
Markets

Netflix slides 6% after missing 3rd-quarter subscriber growth and profit targets

Netflix sank as much as 6% in early Wedne sday trading after missing expectations for third-quarter subscriber growth and profits. The streaming titan added 2.2 million subscribers over the three-month period, missing Wall Street’s 3.3 million estimate. While revenue beat expectations, earnings per share of $US1.74 missed the $US2.13 Street […]
Netflix slides 6% after missing 3rd-quarter subscriber growth and profit targets
Markets

US stocks slide after Mnuchin dents hopes for pre-election stimulus

US stocks sank on Wednesday as Treasury Secretary Steven Mnuchin dashed hopes of passing new stimulus before Election Day. Despite holding multiple calls with House Speaker Nancy Pelosi, “getting something done before the election and executing on that would be difficult,” Mnuchin said at a conference. Goldman Sachs shares climbed […]
US stocks slide after Mnuchin dents hopes for pre-election stimulus
Markets

US stocks climb as revived stimulus talks trudge ahead

US stocks rose on Monday as Democrats and Republicans inched closer to a last-minute stimulus compromise. The Trump administration lifted its proposal to $US1.8 trillion from $US1.6 trillion on Friday, inching closer to the Democrats’ preferred $US2.2 trillion size. Still, House Speaker Nancy Pelosi deemed the bill “one step forward, […]
US stocks climb as revived stimulus talks trudge ahead
Markets

Workday leaps 12% after beating earnings expectations on work-from-home demand

Workday jumped as much as 12% in early Friday trading after beating estimates for second-quarter earnings and revenue. The company also raised its guidance for full-year subscription revenue above Wall Street’s forecast. Workday promoted Co-President Chano Fernandez to co-CEO, where he’ll serve alongside CEO Aneel Bhusri. The firm’s better-than-expected results […]
Workday leaps 12% after beating earnings expectations on work-from-home demand
Markets

Salesforce spikes 29% on blockbuster earnings and boosted full-year forecast

Salesforce.com blew earnings expectations out of the water after markets closed on Tuesday, trouncing expectations for second-quarter profits and revenue. The company also raised its full-year guidance above expectations, a stark pivot from its guidance cut in May. Salesforce shares rallied as much as 29% on the earnings beat. Bank […]
Salesforce spikes 29% on blockbuster earnings and boosted full-year forecast
Markets

Dow slides 226 points as record GDP plunge offsets pre-earnings tech rally

US stocks slid on Thursday after economic data showed the US’s biggest gross domestic product contraction on record. The country’s economy shrank at an annualized rate of 33% in the second quarter, the Commerce Department announced Thursday. Economists expected a contraction of roughly 35%. Jobless claims data pointed to lasting […]
Dow slides 226 points as record GDP plunge offsets pre-earnings tech rally
Markets

Dow slides 310 points as US economy posts largest contraction in history

US stocks dropped on Thursday after economic data detailed the US’s biggest gross domestic product contraction on record. The country’s economy shrank at an annualized rate of 33% in the second quarter, the Commerce Department announced Thursday. Economists expected a contraction of roughly 35%. Jobless claims data pointed to lasting […]
Dow slides 310 points as US economy posts largest contraction in history
Markets

‘Pandemic and advertiser boycott create heightened uncertainty’: Here’s what 3 analysts expect from Facebook’s quarterly earnings

Facebook will release second-quarter figures after markets close on Thursday, giving investors an update to how it’s fared throughout the coronavirus pandemic. The social media giant’s stock sits just off of record highs after investors propped up mega-caps through the market’s months-long upswing. Most analysts are focused on a recent […]
‘Pandemic and advertiser boycott create heightened uncertainty’: Here’s what 3 analysts expect from Facebook’s quarterly earnings
Markets

UPS leaps 11% after soaring delivery demand fuels earnings beat

UPS beat estimates for second-quarter revenue and profits on Thursday as the coronavirus pandemic boosted domestic deliveries. Demand in Asia and strong healthcare shipping activity also fuelled the earnings win, CEO Carol Tomé said. The company refrained from providing forward guidance, citing ongoing uncertainties surrounding the pandemic. Shares rallied as […]
UPS leaps 11% after soaring delivery demand fuels earnings beat
Markets

US stocks decline as stimulus negotiations heat up and earnings miss hopes

US stocks closed down on Tuesday as investors mulled Senate Republicans’ coronavirus stimulus package and a slew of earnings reports. The GOP continued negotiations on its initial fiscal relief plan throughout the day. The $US1 trillion package includes another round of $US1,200 payments and additional funds for small-business loans. Experts […]
US stocks decline as stimulus negotiations heat up and earnings miss hopes
Markets

Dow slides 182 points amid rising US-China tensions and halted tech rally

US stocks dropped on Friday after China ordered the closure of the US Consulate in Chengdu, ratcheting up tensions between the economic superpowers. The US made a similar order on Wednesday, prompting concerns of a tit-for-tat economic conflict. Investors also weighed earnings misses from Intel and American Express. Tech stocks […]
Dow slides 182 points amid rising US-China tensions and halted tech rally
Markets

US stocks drop after China escalates tensions with consulate order

US stocks slipped on Friday after China ordered the closure of the US’s consulate in Chengdu, ratcheting up tensions between the economic superpowers. The escalation comes after the US made a similar order on Wednesday and revived fears of a tit-for-tat economic conflict. Investors also weighed earnings misses from Intel […]
US stocks drop after China escalates tensions with consulate order
Markets

Microsoft sees $46 billion in market value erased after missing quarterly estimates for key businesses

Microsoft shares tumbled as much as 2.8% on Thursday after its cloud-computing and office software business missed quarterly estimates. The slump saw roughly $US46 billion erased from the tech giant’s market cap. A “continued customer shift to cloud offerings from multi-year on-premises agreements” harmed the company’s transactional licensing business, Microsoft […]
Microsoft sees $46 billion in market value erased after missing quarterly estimates for key businesses
Markets

US stocks rise as stimulus optimism outweighs China tensions

US stocks climbed on Wednesday as traders weighed inflamed tensions with China, a potential extension to bolstered unemployment benefits, and coronavirus vaccine news. Concerns about a fresh US-China conflict intensified after the US ordered the closure of China’s Consulate in Houston. China vowed to implement “firm countermeasures.” Reports of the […]
US stocks rise as stimulus optimism outweighs China tensions
Markets

US stocks cap off weekly gain as strong bank earnings offset Netflix disappointment

US stocks closed mixed on Friday as traders weighed disappointing quarterly figures from Netflix and gloomy consumer sentiment data. Both the S&P 500 and Dow Jones industrial average finished the week with gains exceeding 1%. Netflix missed estimates for second-quarter profits and third-quarter subscriber additions. A preliminary July reading of […]
US stocks cap off weekly gain as strong bank earnings offset Netflix disappointment
Markets

‘We’d buy the dip’: 3 Wall Street firms weigh in on Netflix’s worse-than-expected earnings report

While Netflix shares tumbled following a disappointing second-quarter report, Wall Street analysts are still optimistic about the company’s near-term prospects. The streaming giant beat revenue estimates but fell below hopes for second-quarter earnings and forecasted third-quarter subscriber growth. Some analysts pointed to a pull-forward in subscribers as a boon for […]
‘We’d buy the dip’: 3 Wall Street firms weigh in on Netflix’s worse-than-expected earnings report
Markets

US stocks edge higher, on track for mild weekly gain as Netflix tumbles

US stocks ticked higher on Friday, setting the S&P 500 up for a mild weekly gain despite Netflix plunging on disappointing earnings. The streaming giant missed estimates for second-quarter profits and third-quarter subscriber additions. Cruise stocks dropped for the second straight session after the Centres for Disease Control and Prevention […]
US stocks edge higher, on track for mild weekly gain as Netflix tumbles
Markets

‘We’re really hitting the moment of truth’: 5 Wall Street execs have sounded the alarm on a tough economic recovery ahead. Here’s what they said.

The resurgence in coronavirus cases and new risks of an economic shutdown led major bank leaders to curb investors’ enthusiasm for a near-term recovery. Top executives from Citigroup,Goldman Sachs, JPMorgan, and Wells Fargo all cautioned that, while the worst of the pandemic’s fallout likely hit in the second quarter, the […]
‘We’re really hitting the moment of truth’: 5 Wall Street execs have sounded the alarm on a tough economic recovery ahead. Here’s what they said.
Markets

Goldman Sachs’ 2nd-quarter earnings beat estimates as trading desks drive revenue spike

Goldman Sachs reported second-quarter earnings Wednesday morning that beat analyst estimates for revenue and profit. Quarterly revenue posted its second-highest reading ever as trading businesses surged on heightened market volatility. Loan loss reserves reached $US1.6 billion as the firm braced for credit-market fallout. “Our strong financial performance across our client […]
Goldman Sachs’ 2nd-quarter earnings beat estimates as trading desks drive revenue spike
Markets

Dow surges 557 points as traders weigh bank earnings and spiking virus cases

US stocks rose on Tuesday as investors weighed second-quarter earnings results for US banks against spiking coronavirus cases. JPMorgan gained after earnings beat Wall Street expectations. Wells Fargo slumped after reporting a loss and cutting its dividend. Coronavirus cases continue to climb in the US, forcing states to rollback reopening […]
Dow surges 557 points as traders weigh bank earnings and spiking virus cases
Markets

Dow climbs 230 points as investors gear up for earnings season

US stock indexes rose on Monday as investors prepared for upcoming earnings reports, which will provide details around the impact of coronavirus on companies. PepsiCo gained after revealing better-than-expected sales to kick off earnings season. Pfizer and BioNTech gained jumped after two of the firms’ COVID vaccine candidates received “fast […]
Dow climbs 230 points as investors gear up for earnings season
Markets

We spoke with 3 financial experts, who said to make these 4 trades right now to get ahead of surprising gains when earnings season starts next month

Second-quarter earnings season will kick off in July, with investors eager to see how the wide-reaching impact of the COVID-19 outbreak will continue to affect corporations. Business Insider spoke to three experts who laid out where they think investors should be looking and putting their money ahead of likely market […]
We spoke with 3 financial experts, who said to make these 4 trades right now to get ahead of surprising gains when earnings season starts next month
Markets

Dow tumbles 622 points as major tech earnings disappoint investors

US stock indexes slid on Friday after quarterly reports from mega-cap tech players disappointed investors. Amazon’s first-quarter profit landed below Wall Street estimates, while Apple’s decision to withhold guidance for the first time in a decade dragged on trader sentiments. Oil extended its rebound to a third day, with WTI […]
Dow tumbles 622 points as major tech earnings disappoint investors
Markets

Dow dives 445 points as earnings results hint at massive coronavirus impact

All three major US stock indexes tumbled on Wednesday as retail-sales data and quarterly earnings reports reflected the harm of the coronavirus outbreak. Shares of Goldman Sachs, Citigroup, and Bank of America slipped after all three firms reported quarterly profit declines of at least 45%. The Commerce Department announced that […]
Dow dives 445 points as earnings results hint at massive coronavirus impact
Markets

Dow slips 329 points as earnings-season worry creeps over the market

US stocks slid on Monday in their first day of trading after the S&P 500 completed its best weekly gain since 1974. Investors mulled heightened uncertainty heading into earnings season. JPMorgan, Wells Fargo, and Johnson & Johnson are among the firms set to announce their first-quarter results on Tuesday. They […]
Dow slips 329 points as earnings-season worry creeps over the market
Markets

Here are the 5 biggest winners and losers of earnings season

Third-quarter earnings seasons is almost wrapped up, with the vast majority of S&P 500 companies have reported as of the beginning of November, according to Bank of America Merrill Lynch. Earnings results are pointing to an overall 2% bottom-line beat for quarter, BAML’s analysts wrote in note to clients on […]
Here are the 5 biggest winners and losers of earnings season
Markets

Tech giants, Warren Buffett’s empire, and the ‘Generals’: Here’s what to look for when these 6 companies report earnings this week

Third-quarter earnings season has helped drive markets near record highs, and some of the biggest companies are scheduled to report their latest figures this week. The reports arrive as recession warnings cool and the US-China trade war nears a partial truce. Here’s what to look for when Apple,Facebook,Berkshire Hathaway, Alphabet,General […]
Tech giants, Warren Buffett’s empire, and the ‘Generals’: Here’s what to look for when these 6 companies report earnings this week
Markets

Here come Yelp earnings…

Yelp was scheduled to release fourth-quarter and full-year earnings after the market’s close on Wednesday. Analysts surveyed by Bloomberg expected adjusted earnings per share of $US0.36 on revenue of $US241.19 million for the final three months of 2018. Last quarter, shares of the user-review website crashed after it reported results […]
Here come Yelp earnings…
Markets

Barely anyone is willing to bet against Alphabet ahead of its earnings

Alphabet, the parent company of Google, is scheduled to report earnings after Monday’s closing bell. The stock has the lowest short interest as a percentage of float of all the internet names. Shares have slightly outperformed the broader market with an 8.5% gain this year, but they’re down about 12% […]
Barely anyone is willing to bet against Alphabet ahead of its earnings
Markets

Here comes Tesla…

Tesla is scheduled to report fourth-quarter earnings after Wednesday’s closing bell. Elon Musk, the electric-car maker’s CEO, warned investors and employees two weeks ago that pressure to achieve a profit and make the Model 3 more affordable led to more than 3,000 job cuts at the company. Shares of Tesla […]
Here comes Tesla…
Markets

Caterpillar misses big on earnings and guidance

Caterpillar reported fourth-quarter earnings Monday that missed Wall Street expectations. Shares fell nearly 6% early Monday. Watch Caterpillar trade here. Caterpillar reported fourth-quarter earnings Monday morning that missed Wall Street expectations, sending shares down nearly 6% ahead of the opening bell. The industrial giant reported adjusted earnings per share of […]
Caterpillar misses big on earnings and guidance
Markets

Tesla reports smaller loss than expected, slows cash burn

Tesla reported a smaller-than-expected loss and beat on revenue in the fourth quarter. The company reaffirmed its production targets for the Model 3 sedan, and expects to produce 5,000 cars per week by the end of Q2. Tesla’s shares gained about 1.5% after the earnings report. Tesla on Wednesday reported […]
Tesla reports smaller loss than expected, slows cash burn
Markets

These 14 stocks will see sales skyrocket in 2018, Goldman Sachs says

Companies that achieve strong revenue expansion have historically seen their stocks climb. Goldman Sachs has identified the 14 S&P 500 companies set to see the biggest sales growth in 2018. With the broader stock market expected to rise this year, it can be difficult to identify the companies set to […]
These 14 stocks will see sales skyrocket in 2018, Goldman Sachs says
Markets

GOLDMAN SACHS: Here’s how to make a killing in early 2018

Goldman Sachs finds that January has historically been filled with stock price-moving events, and recommends investors position accordingly. Most of the fluctuations result from corporate guidance and preannouncements that take place leading up to fourth quarter earnings season. Stock traders would be best advised to avoid a holiday hangover, because […]
GOLDMAN SACHS: Here’s how to make a killing in early 2018
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