Text size As stocks fall, investors should know how GAAP earnings can reveal shortcomings in seemingly attractive companies, such as Lyft. David Paul Morris / Bloomberg The stocks are plummeting and there are plenty of great deals – if you know where to head. But buying the dip does not work in a bear market, … Read more
Text size Applied Materials reported revenue of $ 6.25 billion in its most recent quarter. David Paul Morris / Bloomberg Materials used expects lower revenue than expected for the July quarter and reported earnings below expectations, citing ongoing supply chain issues. Applied Materials shares (ticker: AMAT) fell 1.7% to $ 108.85 after the announcement on … Read more
Text size The off-price retailer said that although the quarter started strong, sales then weakened, Justin Sullivan / Getty Images Ross stores fell by double-digit after hours after the off-price retailer’s first-quarter results. Earnings, revenue and sales in the same store all fell below Wall Street’s expectations. Ross (ticker: ROST) said it earned 97 cents … Read more
Walmart sales rose in the first quarter from a year ago, but flat transaction figures suggest inflation was driving growth. Here, a Walmart in San Leandro, California, last year. David Paul Morris / Bloomberg Text size The latest retail sales report undermined fears of recession. It should not. When data showed April sales for U.S. … Read more
Text size A weak sales forecast from Cisco causes other network companies’ shares to topple. Justin Sullivan / Getty Images Shares of Cisco systems was sharply lower on Thursday after the network equipment maker released a weak sales forecast for its current quarter. The warning caused other network companies to tip over. Cisco (ticker: CSCO) … Read more
Text size The engine of a CSX freight train that runs on the train tracks in the spring. Dreamstime.com Transport stocks have been hammered in recent market sales, with investors fearing that inflation will hurt demand for shipping while rising costs for gas and drivers. That combination is not a good recipe for growth in … Read more
Text size A sign is erected in front of Cisco Systems’ San Jose headquarters. Justin Sullivan / Getty Images Shares of Cisco systems was sharply lower early Thursday after the network equipment maker released a weak sales forecast for its current quarter. The warning caused other network companies to tip over. Cisco (ticker: CSCO) said … Read more
Trading on the floor of the New York Stock Exchange last week. The Dow Jones Industrial Average had its worst day since 2020 on Wednesday. Photo by Spencer Platt / Getty Images Text size Sometimes it only takes one stock to bring the worst fears of the market to life. On Wednesday, the stock was … Read more
Text size Nvidia has consistently beaten estimates and raised its financial forecasts over the past two years. Sincerely, Nvidia Nvidia may not significantly raise its financial forecasts or provide higher-than-expected earnings for the first quarter due to weakness in its gaming chip business, according to Susquehanna analyst Christopher Rolland, who lowered its price target on … Read more
Text size Target’s earnings miss showed the market several things. Joe Raedle / Getty Images To say that Target earnings were a disappointment is an understatement – they were weak enough to influence other retailers who have not even reported results yet. This is because they confirmed investors’ greatest fear of the consumer. Goal (ticker: … Read more