Analyst news

• Trump is backed further into a financial corner after losing control of his company

  16-02-2024 23:42
  With Donald Trump’s legal liabilities growing and a presidential campaign to run, losing control of his company couldn’t have come at a worse time. After a New York judge ordered the Trump Organization to pay $364 million in penalties and barred the former president from any role in running a business in New York state for three years, Trump now finds himself backed further into a financial corner with fewer options for how to maneuver.“It will have such an enormous impact on t
  
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• My husband and I divorced and bought separate homes. Now we’ve remarried, I plan to invest money in his home. Is that wise?

  16-02-2024 23:37
  Dear Quentin,My husband and I remarried after five years of being divorced. In October 2019, during the time we were divorced, I purchased a home in Louisiana. In March 2020, my ex-husband had a home custom built in Georgia for $445,000; it’s now worth $700,000.In December 2020, we remarried. I contemplated selling my home in Louisiana and moving into his home in Georgia. We planned to put the $200,000 proceeds from the sale of my house into major additions and remodeling of his house. I&r
  
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• Should I ‘rip off the bandage’ and pay the tax now on my $1 million nest egg?

  16-02-2024 23:23
  Got a question about investing, how it fits into your overall financial plan and what strategies can help you make the most out of your money? You can write to me at [email protected]. Please put Fix My Portfolio in the subject line. Dear Fix My Portfolio: I am a 74-year-old retired widower. After spending 23 years in Canada in public education, a second marriage brought me to the U.S. where I became a naturalized citizen. I continued to work in public education for another
  
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• Carl Icahn lands two JetBlue board seats days after disclosing stake in airline

  16-02-2024 23:21
  Just four days after Carl Icahn disclosed a 9.9% stake in JetBlue Airways Corp. and signaled his intention to have a say in the company’s future, the activist investor has landed two board seats at the low-cost airline. JetBlue JBLU, -2.79%said late Friday that two Icahn Enterprises IEP, +1.10%executives, general counsel Jesse Lynn and portfolio manager Steven Miller, will join the airline’s board.“We appreciate the constructive engagement we have had with JetBlue’s board
  
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• Dow Jones turns lower Friday, with S&P 500 at risk of snapping five straight week of gains

  16-02-2024 20:56
  U.S. stocks turned lower Friday afternoon, with the Dow Jones Industrial Average and S&P 500 in danger of posting a weekly loss, as investors assessed inflation readings and company earnings.How stocks are trading The Dow Jones Industrial Average DJIAwas down 117points, or 0.3%, at nearly 38,655.The S&P 500 SPXfell 16 points, or 0.3%, to 5,013. The Nasdaq Composite COMPfell almost 94 points, or 0.6%, to around 15,810. For the week, the Dow was on pace to shed less than 0.1%, the S&P
  
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• How do bonds perform one year after the Fed’s first interest-rate cut?

  16-02-2024 20:51
  The U.S. bond market’s strong rally in the fourth quarter likely has more room to run, even if the Federal Reserve takes its time in cutting interest rates, according to Janus Henderson Investors. Fed Chair Jerome Powell signaled late last year plans to pivot to rate cuts in 2024. That sparked a more than 1% retreat in the benchmark 10-year Treasury yield BX:TMUBMUSD10Yfrom its 16-year peak of 5% reached in October. Falling benchmark rates also helped boost the broader bond market, with th
  
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• Roku’s stock falls 23% — and one bear now sees challenges brewing ‘on all flanks’

  16-02-2024 20:40
  Roku Inc. shares are on track to shed almost a quarter of their value Friday, and one analyst sees the media-streaming company ”at the precipice of being squeezed by the emergence of challengers on all flanks.” MoffettNathanson analyst Michael Nathanson has been worried that Roku’s ROKU, -23.80%“first-mover advantage in streaming connectivity” could dwindle as bigger players encroach on its turf, and he now wonders if a tipping point is on the horizon. “On the
  
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• Beach Boys’ Brian Wilson’s conservatorship case highlights an important — and sometimes necessary — estate-planning tip

  16-02-2024 20:13
  Beach Boys co-founder Brian Wilson may soon be under a conservatorship following the diagnosis of a “major neurocognitive disorder,” such as dementia, not even a month after his wife died.The family filed for a conservatorship with the Superior Court of California on Feb. 14, and said in documents that the musician, 81, was unable to manage his everyday needs. His wife, Melinda, who died on Jan. 30 at age 77, was his caretaker because he was “unable to properly provide for his
  
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• Taxes could eat into investors’ stock-purchase money at exactly the wrong time for the S&P 500

  16-02-2024 20:10
  Investors have had their eyes on the Federal Reserve and what its interest-rate decisions mean for stock markets. They had better watch the Internal Revenue Service and Treasury Department, too, because a new analysis suggests that the more money tax payments soak up, the less money will be free for stock purchases. At a time when people are wrapping up their 2023 taxes and starting to pay their 2024 taxes, that could crimp the S&P 500’s SPXefforts to keep scoring new highs.That’
  
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• Goldman says CEO David Solomon was paid $31 million for 2023, but final tally could be millions more

  16-02-2024 20:09
  Goldman Sachs Group Inc. disclosed Friday that Chief Executive David Solomon’s total compensation in 2023 was $31 million, but the final tally the bank puts in its proxy statement could be a lot higher. In an 8-K filing with the U.S. Securities and Exchange Commission, Goldman GS, -0.16%said Solomon’s compensation last year included a base salary of $2 million, which has been the same since 2019.The rest includes “annual variable compensation” of $29 million, 70% of which
  
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• Why Super Micro’s stock is tanking — and about to snap a nine-day win streak

  16-02-2024 20:02
  Super Micro Computer Inc.’s monster rally was stalling Friday, as its stock headed for a dramatic drop that would snap its longest winning streak in over seven years.Shares of the server maker had run up nearly 200% in a month, through Thursday’s close, and had catapulted some 900% on a 12-month basis as well. Wall Street seems excited about Super Micro’s SMCI, -18.96%potential to capitalize on the artificial-intelligence frenzy, but Wells Fargo’s Aaron Rakers suggested t
  
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• When is bitcoin halving? Here’s what history says about how it may impact the cryptocurrency’s price.

  16-02-2024 20:02
  Investors are closely watching bitcoin’s upcoming halving, which is expected to happen in April, as history has shown the cryptocurrency usually sees significant price appreciation in the wake of halvings.The largest crypto BTCUSD, +0.91%has gained more than 20% so far this year to around $52,000, building on a 150% gain in 2023, according to CoinDesk data. It is still off about 25% from its all-time high of $68,990, hit in 2021.However, some analysts are expecting the next bitcoin halving
  
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• Fed’s Daly says patience is needed to finish the job on inflation

  16-02-2024 19:54
  The Federal Reserve should take its time before cutting interest rates, given the risks that some of the factors that have been pushing down inflation might peter out or even reverse, San Francisco Fed President Mary Daly said on Friday. “We will need to resist the temptation to act quickly when patience is needed, and be prepared to respond agilely as the economy evolves,” Daly said in a speech at the National Association for Business Economics conference in Washington, D.C.She said
  
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• Guess makes first acquisition in its 43-year history with deal to acquire trendy New York brand Rag & Bone

  16-02-2024 19:37
  Guess Inc.’s stock rose 3% on Friday after the clothing, footwear and accessories maker said it has agreed to acquire trendy New York-based fashion brand Rag & Bone, which had 2023 revenue of about $250 million. It’s the first acquisition made by Guess GES, +3.78%in its 43-year history, said Paul Marciano, Guess co-founder and chief creative officer. Rag & Bone earned notoriety with its first ad campaign, which featured supermodel Kate Moss. “Rag & Bone is a brand I
  
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• Cinemark’s stock sees choppy trading after wider-than-expected loss but revenue beat

  16-02-2024 17:45
  Cinemark Holdings Inc.’s stock moved between gains and losses on Friday after the cinema operator’s wider-than-expected fourth-quarter loss weighed against a revenue beat.Plano, Texas-based Cinemark CNK, -0.33%had a net loss of $18 million, or 15 cents a share, for the quarter, after a loss of $99.3 million, or 82 cents a share, in the year-earlier period. Revenue rose 6.5% to $638.9 million. The FactSet consensus was for a loss of 7 cents and revenue of $620 million. Cinemark ended
  
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• How Japan and China helped drive Treasury yields lower in December – and made borrowing conditions easier

  16-02-2024 17:38
  The top three foreign holders of U.S. government debt —Japan, China and the U.K.— boosted their holdings in the final month of 2023, and were among the buyers that helped drive Treasury yields lower at the end of the fourth quarter.Japan boosted its holdings to $1.138 trillion last December, China increased them to $816.3 billion, and the U.K. raised its holdings to $753.7 billion, according to government data. The sum total of all net foreign acquisitions of long-term securities, sh
  
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• Nike’s stock drops as plan to cut almost 1,700 jobs highlights need for new strategy

  16-02-2024 17:31
  Nike Inc. is cutting nearly 1,700 jobs as part of its plan to rein in costs in order to invest more in innovation and to boost profitability in areas like its women’s business and Jordan and Running brands. The job cuts come two months after the athletic shoe, apparel and accessories giant NKE, -3.10%said during its second-quarter earnings call with analysts that it was targeting $2 billion in cost cuts over the next three years. At the time, Nike said it was looking to streamline its orga
  
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• Nvidia may shine again when it reports on Wednesday

  16-02-2024 17:23
  Shares of Nvidia Corp. have been on another tear. The stock is up 47% this year (after more than tripling during 2023) and this week overtook Alphabet Inc. to become the third-largest company in the S&P 500 by market capitalization. Nvidia NVDA, +1.81%will announce quarterly results next week, and once again the year-over-year comparisons will be astounding because the company continues to dominate the market for graphics processing units (GPU). This was pretty much a new market last year as
  
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• Brian Wilson’s family files for conservatorship after Beach Boys co-founder diagnosed with dementia

  16-02-2024 17:11
  Beach Boys co-founder Brian Wilson may soon be under a conservatorship following the diagnosis of a “major neurocognitive disorder,” such as dementia, according to recent reports.  The family filed for a conservatorship with the Superior Court of California on Feb. 14, and said in documents obtained by People Magazine that the musician, 81, was unable to “properly provide” for his personal needs. Celebrities have been in the news in recent years for a lack of es
  
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• This organization is giving out $300 million in financial aid without the FAFSA form

  16-02-2024 17:03
  The bulk of the financial aid students use to pay for college is in limbo and likely will be for months, thanks to a glitchy rollout of the new FAFSA. But at least $300 million in scholarship money will go out as originally planned.  Scholarship America, which works with more than 1,000 organizations across the country to distribute scholarships, isn’t requiring applicants to fill out the Free Application for Federal Student Aid, or FAFSA. The FAFSA is key to unlocking federal, s
  
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• This is what the Red Sea attacks means for U.S. retailers, says Moody’s

  16-02-2024 17:01
  While the Houthi attacks on cargo ships in the Red Sea have impacted global supply chains, U.S. retailers are better positioned to deal with the disruption than their European counterparts, according to Moody’s Investors Service. The Red Sea attacks, which were launched by Iranian-backed Houthi rebels in October, have resulted in longer transit times for cargo, as ships that would have transited the Suez Canal use alternate routes. In recent testimony on Capitol Hill, the National Retail F
  
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• I’m 60 and want to withdraw $250,000 from my 401(k) to pay off the mortgage and bills. Is that a smart thing to do?

  16-02-2024 16:59
  Dear MarketWatch, I am 60 years old, and I would like to pay off my home loan, open up an IRA and pay off some bills. I would also like to withdraw $250,000 from my 401(k) to do this. Is this a smart thing to do? Related: ‘This high mortgage rate is killing me,’ but I’m retiring this year — should I withdraw money from my 403(b)? Dear Reader, So many people write in asking if they should pay off their mortgage with money from their retirement accounts (and I&rsq
  
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• VanEck agrees to pay $1.75 million to settle SEC charges of failure to disclose influencer role in Dave Portnoy-backed ETF

  16-02-2024 16:48
  The Securities and Exchange Commission said Wednesday that investment-management firm VanEck has agreed to pay $1.75 million in penalties for failing to disclose a social-media influencer’s role in the launch of its VanEck Social Sentiment exchange-traded fund, known as BUZZ.The SEC complaint does not name the “well-known and controversial influencer,” although Barstool Sports founder Dave Portnoy heavily promoted the launch of the ETF BUZZin March 2021. Portnoy announced an &l
  
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• European stocks eye record after good earnings and strong U.K. retail sales data

  16-02-2024 16:37
  European stocks eyed fresh record highs on Friday as sentiment was lifted by upbeat U.K. retail sales data and strong results from a raft of top companies. The STOXX Europe 600 index XX:SXXP,which encapsulates many of the biggest companies on the continent, at one point rose to just above €491, a few points shy of the barometer’s record close of €494.35 touched on Jan. 5 2022.Stocks in the U.K. provided propulsion, with the FTSE 100 UK:UKXindex gaining 1.3% after new data publish
  
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• IBM Stock Price Forecast: 2024, 2025-2026 and Beyond

  16-02-2024 15:20 via litefinance.org
  
  In the shifting landscape of technology, IBM stands at a pivotal point. Despite surpassing earnings expectations, the company faced a downturn in turnover for the third year running, which has caused some unease among investors. The contrast within the company is stark: while its cloud business shows robust growth, traditional segments are lagging, prompting a strategic decision to separate these older operations. This move is part of IBM's broader ambition to evolve into a leader in hybrid clou
  
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• The lawyer who beat Trump twice stands to make a fortune for doing so

  16-02-2024 14:56
  Roberta Kaplan was once a star litigator commanding high hourly fees at one of the top corporate law firms in the country, representing big companies and other clients with deep pockets. But in 2017 Kaplan decided to strike out on her own so she could have more freedom to take on cases she believed had social importance.Roberta Kaplan was once a star litigator commanding high hourly fees at one of the top corporate law firms in the country, representing big companies and other clients with deep
  
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• XAUUSD: Elliott wave analysis and forecast for 16.02.24 – 23.02.24

  16-02-2024 13:05 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 1983.58 with a target of 2220.00 – 2300.00.Alternative scenario: breakout and consolidation below the level of 1983.58 will allow the pair to continue declining to the levels of 1916.55 – 1809.00.Analysis: a descending correction appears to have formed as the fourth wave (4) of larger degree on the daily chart. The fifth wave (5) is unfolding, with the first wave 3 of (5) forming as its part. Apparently, the f
  
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• EUR JPY Forecast for 2024, 2025-2026 and Beyond

  16-02-2024 12:50 via litefinance.org
  
  The EUR/JPY currency pair is a magnet for traders due to its intriguing volatility and profitability potential. It represents a blend of two significant world economies and is subject to the whims of global economic health, monetary policies, and market sentiment. The following analysis suggests a cautiously bullish trend over the upcoming years, with the Japanese Yen's historically low yield positioning it as a favored vehicle for carry trades during economic stability.The following article wil
  
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• WTI Crude Oil: Elliott wave analysis and forecast for 16.02.24 – 23.02.24

  16-02-2024 12:35 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 71.50 with a target of 84.65 – 88.55.Alternative scenario: breakout and consolidation below the level of 71.50 will allow the asset to continue declining to the levels of 63.67 – 55.00.Analysis: a downside correction presumably continues developing as second wave of larger degree (2) on the daily time frame, with waves A of (2) and B of (2) completed as its parts. Wave С of (2) is developing on the H4 ti
  
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• USDJPY: Elliott wave analysis and forecast for 16.02.24 – 23.02.24

  16-02-2024 12:05 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 148.85 with a target of 152.50 – 155.00. Alternative scenario: breakout and consolidation below the level of 148.85 will allow the pair to continue declining to the levels of 145.90 – 143.29. Analysis: an ascending wave of larger degree C continues forming on the daily chart, with the fifth wave (5) of C unfolding as its part. On the H4 chart, there's wave 1 of (5) formed, a downside correction compl
  
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• Gold benefits from economic slowdown. Forecast as of 16.02.2024

  16-02-2024 12:05 via litefinance.org
  
  Gold got back to above $2,000 an ounce on the first signs of cracks in the US economy. If the process continues, the Fed will be forced to cut rates earlier. Let’s discuss it and make a trading plan.Weekly fundamental forecast for goldBut if it wasn't for bad luck, they wouldn't have any luck. A slowdown of US retail sales to 0.8% and a downward revision of previous values to +0.4% have become a gulp of fresh air for gold. The precious metal got back to above the psychological level of $2,
  
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• GBPUSD: Elliott wave analysis and forecast for 16.02.24 – 23.02.24

  16-02-2024 11:35 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 1.2516 with a target of 1.3000 – 1.3147.Alternative scenario: breakout and consolidation below the level of 1.2516 will allow the pair to continue declining to the levels of 1.2427 – 1.2332.Analysis: the first wave of larger degree (1) is presumably formed, a correction is completed as second wave (2), and the ascending third wave (3) started unfolding on the daily chart. The first wave of smaller degree 1 of
  
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• S&P 500 seen grinding to new high with producer prices, sentiment data ahead

  16-02-2024 11:20
  U.S. equity index futures indicated the S&P 500 could grind to another record high on Friday, with the technology sector likely to see a third-straight winning session, as a fresh batch of economic data loomed.How stock-index futures are trading S&P 500 futures ES00, +0.23%rose 5 points to 5,051.50 Dow Jones Industrial Average futures YM00, -0.10%fell 45 points, or 0.1%, to 38,813 Nasdaq-100 futures NQ00, +0.60%climbed 85.75 points, or 0.4%, to 17,998.50On Thursday, the S&P 500 
  
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• EURUSD: Elliott wave analysis and forecast for 16.02.24 – 23.02.24

  16-02-2024 11:05 via litefinance.org
  
  Main scenario: consider long positions from corrections above the level of 1.0689 with a target of 1.1141 – 1.1274.Alternative scenario: breakout and consolidation below the level of 1.0689 will allow the pair to continue declining to the levels of 1.0615 – 1.0446.Analysis: a bearish wave of larger degree A is presumably completed on the daily chart. A bullish wave B started unfolding, with the first wave 1 of (A) of B and a corrective second wave 2 of (A) of B formed as its part. Ap
  
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• Apple set to launch AI tool to help developers automate coding work – report

  16-02-2024 11:03
  Apple is reportedly preparing to launch a new software development tool that will use generative artificial intelligence to help automate coding work. The new AI powered software tool is set to help simplify the coding process by auto-generating blocks of code in a manner similar to Microsoft’s Github Copilot, Bloomberg reported.Apple has now expanded testing of its new tool which is set to launch as part of its newest version of software development package Xcode. Apple AAPL, -0.16%could
  
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• The new Lexus GX 550: What’s it like to drive?

  16-02-2024 11:02
  After almost a decade and a half, the 2024 Lexus GX 550 has finally arrived, and not a moment too soon. The 2024 GX embodies the long-awaited new generation of the brand’s body-on-frame, off-road-ready midsize luxury SUV. It’s been almost 15 years since Lexus rolled out a new GX, and the most recent iteration is a marked improvement over the outgoing version. But was it worth the wait? The answer is a resounding “YES!” What’s new? Almost everything is new on the 202
  
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• Exercise is the best medicine: 5 tips from a specialist on treating your chronic pain with regular physical activity

  16-02-2024 11:01
  This article is reprinted by permission from NextAvenue.org. Is pain a natural part of aging? Perhaps because some studies show that up to 85% of adults over 60 experience regular pain that disrupts their daily lives, you might think so. However, you may be shocked to learn that there is no inevitable physiological process that older people experience that is guaranteed to cause pain. Studies show chronic pain conditions lessen with age, and your ability to perceive
  
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• USDCHF: Elliott wave analysis and forecast for 16.02.24 – 23.02.24

  16-02-2024 10:35 via litefinance.org
  
  Main scenario: consider short positions from corrections below the level of 0.8886 with a target of 0.8200 – 0.8050. Alternative scenario: breakout and consolidation above the level of 0.8886 will allow the pair to continue rising to the levels of 0.9020 – 0.9240.Analysis: the downside fifth wave of larger degree (5) is presumably unfolding on the daily time frame, with wave 1 of (5) formed as its part. A bullish correction is completed as second wave 2 of (5). The third wave 3
  
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• USDCAD: Elliott wave analysis and forecast for 16.02.24 – 23.02.24

  16-02-2024 10:07 via litefinance.org
  
  Main scenario: consider short positions from corrections below the level of 1.3584 with a target of 1.3170 – 1.2977. Alternative scenario: breakout and consolidation above the level of 1.3584 will allow the pair to continue rising to the levels of 1.3724 – 1.3854.Analysis: the bullish first wave of larger degree (1) is presumably formed on the daily time frame, with the fifth wave 5 of (1) completed as its part. On the H4 chart, a descending correction continues developing as th
  
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• Short-term analysis for oil, gold, and EURUSD for 16.02.2024

  16-02-2024 08:58 via litefinance.org
  
  I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.The euro price rose as part of an upward correction.Oil price forecast for today: USCrude analysisYesterday, oil prices rose and unsuccessfully tried to update February 14 high. Perhaps growth will continue today as part of a short-term uptrend. If
  
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• Dollar lost exclusivity? Forecast as of 16.02.2024

  16-02-2024 07:44 via litefinance.org
  
  The US exclusivity has been supporting the EURUSD bears for a long time. In January and February, this driver led the pair down. However, as soon as the US economy showed weakness, everything changed.  Let us discuss the Forex outlook and make up a trading plan.Fundamental US dollar forecast today Investors hear what they want to hear. They ignored the decline in jobless claims and the acceleration in import prices to 0.8%M-o-M. Investors' attention has been focused on the first contra
  
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• Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 16.02.2024

  16-02-2024 06:44 via litefinance.org
  
  I welcome my readers!I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.Elliott wave Bitcoin analysisThe BTCUSD market must be rising in the final impulse [C] within the linking wave X of a larger degree. Sub-waves (1)-(2)-(3)-(4) have completed within the [C] impulse, and the final impulse (5) is currently unfolding. Impulse 3 must have finished within wave (5), and the
  
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• Investors will have to wait awhile for interest-rate cuts, Fed’s Bostic says

  16-02-2024 03:21
  Investors will have to wait until at least July for those widely expected interest-rate cuts, according to one Federal Reserve president’s outlook. Atlanta Fed President Raphael Bostic said rate cuts probably wouldn’t be suitable until the third quarter given the current strength of the economy.  That’s a quarter earlier than he originally… Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytim
  
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• Oatly’s stock slides 10% after company’s loss more than doubles and it warns of another bad year

  16-02-2024 02:20
  Oatly Inc.’s stock fell 10% Thursday to hover close to its all-time low, after the oat-milk maker’s fourth-quarter loss more than doubled from a year prior and its revenue fell far short of analyst estimates. The Sweden-based company OTLY posted a net loss of $298.7 million, or 50 cents a share, for the quarter — wider than the loss of $125.2 million, or 21 cents a share, it posted in the year-earlier period. The FactSet analyst consensus was for a loss of 11 cents. The&hellip
  
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• DoorDash’s stock drops despite reporting increase in revenue, orders

  16-02-2024 02:14
  DoorDash Inc.’s stock slid about 7% in after-hours trading Thursday after the food-delivery company delivered quarterly results.DoorDash DASH reported a fiscal fourth-quarter net loss of $154 million, or 39 cents a share, compared with a net loss of $640 million, or $1.65 a share, in the same quarter a year ago. Revenue jumped 27% to $2.3… Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime.Subscribe Now Al
  
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• Trade Desk’s stock roars as earnings forecast crushes expectations

  16-02-2024 02:13
  Trade Desk Inc. shares were soaring in Thursday’s extended session as the advertising-technology company easily cleared the bar with its forecast for the current quarter.The company models at least $478 million in revenue for the first quarter, along with about $130 million in adjusted earnings before interest, taxes, depreciation and amortization (Ebitda). Analysts were modeling $451 million in revenue as well as $113 million in adjusted Ebitda.Shares… Master your money. Subscribe
  
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• Applied Materials’ stock climbs as company logs earnings beat, sees AI momentum

  16-02-2024 02:12
  Applied Materials Inc. delivered upbeat results and guidance Thursday afternoon, and its stock surged in the extended session. The chip-equipment company logged fiscal-first quarter net income of $2.02 billion, or $2.41 a share, compared with $1.72 billion, or $2.02 a share, in the year-prior quarter.On an adjusted basis, Applied Materials… Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime.Subscribe Now Already
  
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• Roku’s stock sinks after earnings, but analyst sees ‘conservatism’ in outlook

  16-02-2024 02:11
  Roku Inc. topped expectations with its latest results and outlook, but shares of the media-streaming company tumbled about 15% in Thursday’s extended session.For the current quarter, Roku ROKU models $850 million in revenue and projects it will break even on the basis of adjusted earnings before interest, taxes, depreciation and amortization (Ebitda). Analysts were looking for $829 million in revenue along with an $11 million adjusted Ebitda loss.“We… Master your money. Subsc
  
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• Yelp posts strong year, but weak guidance sends its stock sliding

  16-02-2024 02:10
  Yelp Inc.’s stock dropped more than 9% in extended trading Thursday after the company reported quarterly results that topped analysts’ revenue and earnings estimates but offered weak guidance.Yelp YELP reported fiscal fourth-quarter net income of $27.4 million, or 40 cents a share, compared with net income of $20.15 million, or 29 cents a share, in the year-ago quarter.Net… Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any d
  
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• Toast’s stock heats up on sales jump

  16-02-2024 02:09
  Toast Inc.’s stock popped higher in after-hours trading Thursday after the company posted strong quarterly sales.The cloud-based restaurant-management software company TOST reported a fiscal fourth-quarter net loss of $36 million, or 7 cents a share, compared with a net loss of $99 million, or 19 cents a share, in the same quarter a year ago. Revenue… Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime.Subs
  
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