Netflix announces layoffs: another sign of distress?
Netflix (NFLX) is laying off about 6% of its global workforce, or roughly 1,000 of its employees, adding another uncomfortable headline to its ongoing struggle with slowing growth.These job cuts,…
Why are Dell and HPE stocks plunging today?
Shares of Dell Technologies (DELL), Hewlett Packard Enterprise (HPE) and NetApp (NTAP) fell in trading on Wednesday after Barclays downgraded all three stocks, citing elevated valuations and a lack of…
Jim Cramer reveals his favourite post-earnings bank stocks
Influential investor Jim Cramer is sticking with Goldman Sachs (GS) and Wells Fargo (WFC) after their Q3 earnings prompted contrasting reactions on Wall Street.In the most recent Investing Club morning…
Morgan Stanley stock selloff cools ahead of earnings, options market targets $205
Morgan Stanley stock has slipped substantially in the past few weeks as enthusiasm about mergers and acquisitions (M&A) and IPOs cooled. MS initially jumped to $230 in July and then…
Micron, SK Hynix stocks continue fall on CXMT threat; Cathie Wood, Musk weigh in
Shares of memory chipmakers Micron MU and SK Hynix continued to fall on Tuesday as concerns over China’s CXMT and its growing manufacturing capabilities persisted.Warnings from prominent business leaders and…
Apple reclaims $5 trillion market cap: what’s driving Tuesday’s rally?
Apple APPL shares touched an all-time high on Tuesday and reclaimed $5 trillion market capitalization as the iPhone maker unveiled a range of new devices in its latest push to…
Microsoft stock trades near record highs: here’s why
Microsoft (MSFT) shares climbed on Tuesday, putting the stock on track for a record closing high as the technology company expanded its artificial intelligence infrastructure and regained a market capitalisation…
BofA says buy these 3 stocks ahead of earnings
Bank of America is telling investors to buy BWX Technologies, DraftKings and Grocery Outlet Holdings before they report third-quarter results, backing each name with a different argument.The companies span nuclear…
Bears in control of JPMorgan stock: can Q3 earnings change that?
Bears are broadly in control of JPMorgan (JPM) stock heading into the bank’s Q3 earnings on Oct. 13 (before market opens), but the derivatives market believes the dynamic will shift…
Why are Micron, SK Hynix stocks falling on Monday?
Micron Technology MU and SK Hynix shares traded lower on Monday as investors assessed the competitive implications of progress by China’s ChangXin Memory Technologies (CXMT) in developing a new memory-chip…