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Category Archives for Stocks

AMD Lands Epyc Deal

Advanced Micro Devices (AMD) and Amazon (AMZN) Web Services on Tuesday announced the availability of the first AMD Epyc processors on the Amazon Elastic Compute Cloud. AMD stock popped on the news.At its Next Horizon conference, AMD revealed that its Epyc processors would go in Amazon’s cloud computing data centers.”The availability of multiple AMD Epyc […]

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Nasdaq Hit Rock Bottom

Has the stock market hit rock bottom after a rough October?According to at least one technical analyst, the worst is indeed over for U.S. equity benchmarks after an October that chopped substantial year-to-date gains from the S&P 500 index and the Dow Jones Industrial Average and knocked the Nasdaq Composite Index into correction territory, usually described as […]

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Apple Softens

Apple shares sank as much as 4.5% Monday following a report that the tech giant has scaled back production orders for its new entry-level iPhone XR model. The company’s stock drop — pushing Apple’s market cap below $1 trillion — comes after shares closed down 6.6% last Friday, to $207.48 per share, as investors reacted to […]

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Bad Nights Sleep

Marriott International (MAR) reported a 0.4% decline in earnings for the third quarter as higher costs and expenses partially offset lower income taxes provision. The bottom line came in above analysts’ expectations while the top line missed consensus estimates. Following this, the stock inched down over 4% in the after-hours trading.Net income declined 0.4% to […]

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Yes, I’ll Take The Whipped Topping

Starbucks (SBUX), which exhibited weak sales in the US for last few quarters, posted consolidated net revenues of $6.3 billion, up 11% for the fourth quarter of fiscal 2018. The coffee giant announced results after markets closed on Thursday, Nov 1, posting a global comparable store sales rise of 3%.The stock, which closed at $58.63 […]

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Rally Towels Coming Out

A monster rally for the stock market is coming, Wells Fargo’s head of equity strategy, Chris Harvey, told CNBC on Thursday.He says the recent sell-off has unlocked value and created a “great opportunity.””People act as if this was a spectator sport, not a contact sport. We want people to pick up that value,” Harvey said […]

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Apple About to Ripen or Become Sauce

October was a punishing month for technology stocks, but as Apple prepares to report fiscal fourth-quarter results Thursday afternoon, it’s managed the downturn better than any of its peers.Facebook closed down 7.7 percent for the month. Amazon was down 20 percent, its worst month since November 2008. Netflix slid 19.3 percent. Alphabet ended the month […]

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Snapchat User Clapback

Snapchat continued to shrink in Q3 2018 but its business is steadily improving. Snapchat’s daily active user count dropped again, this time by 1 percent to 186 million, down from 188M and a negative 1.5 percent growth rate in Q2. User count is still up 5 percent year-over-year, though. Snapchat earned $298 million in revenue […]

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Buckle-Up and Enjoy the Ride

Credit Suisse’s Jonathan Golub says an upsurge in volatility may be feeding on itself, leading to further wobbles in a market that was on the verge of busting higher just weeks ago.In a research report distributed Monday called “U.S. Equity Strategy: Post Traumatic Volatility Disorder,” Golub says a resurgence of volatility is under way and […]

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Pot Stocks Tumbling Alters Power Dynamics

Shares of major Canadian-listed cannabis companies extended their broad declines Monday as investors pull out of the volatile sector just a few days after recreational use was legalized in Canada.Legalization has not been kind to some of the country’s biggest names such as Canopy Growth Corp., Aurora Cannabis Inc. and Tilray Inc. which have seen […]

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