Intel stock drops nearly 10% after earnings miss, execs predict quarterly loss as data-center market shrinks
Intel Corp. shares dropped more than 9% in the extended session Thursday after the chip maker reported a big miss for the fourth quarter, forecast a loss for the first quarter, said the data-center market was contracting and that inventory digestion will gnaw at margins. Intel INTC, +1.31% executives forecast an adjusted loss of 15 […]
Fed rate cuts always lead to stock-market gains — but this one thing must happen too, veteran Wall Street strategist says
It’s way too early to proclaim a Goldilocks environment, even if major asset classes are at least pointing to a better chance of it. The S&P 500 SPX has gained 5% this year, and the tech-heavy Nasdaq Composite COMP is up 8%, even with a seemingly daily stream of job-cut announcements. Stay tuned Thursday to […]
Tesla Continues to Jump After Earnings Beat!
Tesla stock rose more than 5% after beating both earnings and revenue. Revenue came in at $24.32bn vs the $24.16bn expected. Boeing reported a $650 million operating loss in Q4 as shares slid more than 3%. This surprised Wall Street analysts who had expected them to turn a profit. Timestamps TSLA 01:45 BA 03:05 The […]
Fourth-quarter 2022 GDP: What economists are expecting
Economic growth is expected to have slowed slightly in the fourth quarter but was still solid, driven by a strong consumer.Economists will be studying Thursday’s report on U.S. gross domestic product carefully for signs of how strong or weak the consumer actually was at the end of 2022. Retail sales suggest spending fell off sharply […]
Dow falls 400 points after corporate earnings disappoint
U.S. stocks traded lower Wednesday, led by the Nasdaq Composite, after disappointing corporate earnings results added to fears of a possible recession.How are stocks trading On Tuesday, the Dow Jones Industrial Average rose 104 points, or 0.31%, to 33733, the S&P 500 declined 3 points, or 0.07%, to 4016.95, and the Nasdaq Composite dropped 30 […]
Market Spotlight: Tesla Earnings in Focus Today
Tesla Up NextAs US earnings season rolls on, focus today lands on Elon Musk and Tesla. On the back of Musk’s eventual takeover of Twitter, and all the controversy surrounding it, traders are keen to see how Musk’s primary business performed over the period. On the numbers front, Wall Street is looking for an EPS […]
GE has seen only 1 thing that warns of falling demand in 2023
That’s General Electric Co. Chief Executive Larry Culp, who said Tuesday he was only seeing one demand indicator that suggests the U.S. economy was slowing. But that indicator was enough for the company to provide a 2023 earnings estimate below Wall Street expectations. The aerospace, power and renewable energy company reported before Tuesday’s opening bell […]
J.D. Wetherspoon sales rise on year, but remain short of prepandemic levels
J.D. Wetherspoon PLC said Wednesday that sales for the first half of fiscal 2023 rose on year though remained below prepandemic levels, and said it was cautiously optimistic for the full-year. The U.K. pub operator UK:JDW said sales on a like-for-like basis for the half-year period ended Jan. 22 rose by 13%, though remained 0.7% […]
Microsoft stock dives into the red after forecast misses, CFO warns about deceleration
Microsoft Corp.’s profit declined more than 12% in the holiday season, and executives said Tuesday that a revenue deceleration at the end of 2022 is expected to continue into the new year as the company lays off workers. Microsoft MSFT Chief Financial Officer Amy Hood said in a conference call Tuesday that “we are seeing […]
Microsoft, Texas Instruments, Capital One & more
A building with offices belonging to Microsoft is seen in Chevy Chase, Maryland, January 18, 2023.Saul Loeb | AFP | Getty ImagesCheck out the companies making headlines after the bell: Microsoft — The tech giant saw shares rise 4% in extended trading after the company reported fiscal second-quarter results that exceeded analysts’ estimates, driven by the strong […]