Verizon Communications Inc. “A particularly difficult situation” given the current wireless industry trends, and this dynamic has one analyst taking a more pessimistic view of the stock. MoffettNathanson analyst Craig Moffett downgraded the telecommunications stock to underperform from the market on Thursday, writing that Still sees “there are no easy answers” For Verizon VZ, -2.54% … Read more
After two years of unprecedented chip sales and demand linked to the COVID-19 pandemic, the long-feared reversal has hit the semiconductor industry, but some markets are still performing strongly — for now. Wall Street analysts have been expecting a turnaround in the chip sector for months. As pandemic-era shortages ebbed and customers realized they had … Read more
Technology stocks have been on the rise for weeks. But there are plenty of arguments that we’re in the midst of a bear market rally and that more volatility awaits us, especially for fast-growing, but not necessarily profitable, tech stocks that have performed well during the previous bull market until late. 2021. Read: Nasdaq bull … Read more
Analysts expect about $151 billion in second-quarter sales for Walmart and $26 billion for Target. Justin Sullivan / Getty Images font size When Walmart and Target report their quarterly earnings this week, investors will gain some insight into how big retail is dealing with inflation — and the aftershocks will likely be felt by stocks … Read more
font size Nvidia now expects revenue for the July quarter to be $6.7 billion, up just 3% from the same period last year. The company had previously forecast revenue of $8.1 billion. dream time These are tough times for the chip industry. Demand for consumer-focused tech products is waning, with sales of computers and peripherals, … Read more
Oil prices have retreated from their peak earlier this year. But energy company earnings estimates continued to rise as demand increased and capital spending declined. Below is a screen of big-cap oil stocks as a starting point for investors. Take a look at the 10-year chart of front month continuous quotes for West Texas Intermediate … Read more
Amid the euphoria that followed what appeared to be the first sign of slowing inflation, stocks saw a broad rebound on August 10, with dozens of big stocks gaining 5% or more. Those names included many of the tech names that investors loved during the early stages of the coronavirus pandemic, along with cruise lines, … Read more
Amid the euphoria that followed what appeared to be the first sign of slowing inflation, stocks saw a broad rebound on August 10, with dozens of big stocks gaining 5% or more. Those names included many of the tech names that investors loved during the early stages of the coronavirus pandemic, along with cruise lines, … Read more
On the day Congress finally approved a long-awaited funding package for US homegrown chip production, Intel Corp. It cut $4 billion from its spending plans while detailing disappointing earnings who – which One analyst called it “the worst we’ve seen in our careers.” Tuesday, when President Biden signed this into law With Micron Technology MU, … Read more
Shares of Micron Technology Inc fell more than 5% in morning trading on Tuesday after the memory chip producer said it expected to be affected by “challenging” market conditions. Prior to the investor presentation, Micron MU, -3.74% Executives disclosed in a filing that they expect revenue for the company’s fiscal fourth quarter, which ends in … Read more