Month: July 2018

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
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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
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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
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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
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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
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U.S. equities are struggling again on Monday, with high-beta technology names moving lower for the second straight session. The high-profile “FAANG” stocks are getting hit particularly hard in the wake of last week’s big disappointment and fall from grace by Facebook (NASDAQ:FB) — which is resulting in sympathetic selling as hedge funds exit positions. As
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Precious few other industries will lever an indelible impact quite like artificial intelligence. As I mentioned in my write-up for the related field of automation technologies, AI drastically improves efficiencies to unprecedented levels. Moreover, AI will spark new industries, opening up several opportunities. From an investment perspective, AI companies represent some of the best stocks
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U.S. stock futures are mixed heading into the open. Currently, Dow Jones futures are trading higher by the grace of Caterpillar (NYSE:CAT), which posted better-than-expected earnings this morning. The rest of the market is fighting the weight of geopolitical tensions and last week’s FAANG earnings scare from Facebook (NASDAQ:FB). There will also be a fair
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Investors may want to consider unloading bonds in favor of crude oil. According to Bank of America-Merrill Lynch’s Paul Ciana, there are two particular charts that point to an oil breakout that could garner solid returns over the next 6 to 12 months. The firm’s chief global technical strategist’s first chart compares commodity prices to
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Check out the companies making headlines before the bell: Twitter – Twitter matched Street forecasts with adjusted quarterly profit of 17 cents per share, while revenue topped forecasts. Twitter saw monthly average users come in below forecasts, but data licensing and ad revenue topped analyst expectations. Merck – The drug maker reported adjusted quarterly profit
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