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Text size Constellation Brands said it expects earnings of $11.20 to $11.50 per share for the full fiscal year, excluding its cannabis business. Photograph by Pawel Kadysz Stock in Constellation Brands got a brief boost but then slipped back after the spirits maker reported higher earnings than expected but lowered its financial forecasts on a reported … Read More “Constellation Brands’ Earnings Beat Forecasts but the Stock Is Down” »
eBay stock was falling after an analyst downgrade. Sean Gallup/Getty Images Text size The stock market was trying to put Monday’s small loss behind it, with S&P 500 futures up 0.6% Tuesday morning. Here are some of the stocks making moves in premarket trading. Bank stocks gained as some of Wall Street’s biggest players announced … Read More “Stocks on the Move: Snowflake, eBay, Qualcomm, Riot Blockchain” »
Text size It will be an economic-data heavy week, but there are several notable companies reporting earnings as well. They will include Nike and Jefferies Financial Group on Monday, then General Mills and McCormick on Wednesday. On Thursday, Constellation Brands, Micron Technology , and Walgreens Boots Alliance will report. Investor days will come from FedEx … Read More “Nike, Walgreens, FedEx, Constellation, and Other Stocks to Watch This Week” »
Text size Boxes of Kellogg Co. Eggo brand frozen waffles and pancakes Gabby Jones/Bloomberg Kellogg stock was rising sharply on Tuesday after the cereal and snack giant announced plans to split into three independent companies. K ellogg (ticker: K) will spin off its U.S., Canadian, and Caribbean cereal and plant-based businesses. The names of the … Read More “Kellogg Plans to Split Into 3 Companies. The Stock Is Spiking.” »
Text size Oracle expects its cloud business to grow at least 30% in its next fiscal year. David Paul Morris/Bloomberg Amid a devilish brew of rising rates, high inflation, and recession fears, the tech sector offers few hiding places for investors. The market is shunning the high-growth, profitless software stocks that drove the sector higher … Read More “Oracle Stock Looks Like a Buy Even in a Recession” »
Text size Ark Invest CEO Cathie Wood. Courtesy of ARK Cathie Wood’s $12 billion flagship exchange-traded fund was falling again in Monday trading. It is another sign that “innovation stocks” such as Roku and Tesla remain under pressure. Wood’s ARK Innovation ETF (ticker: ARKK) was down 5.3% in Monday trading. Its top holdings include Zoom … Read More “Roku, Tesla, and Other Cathie Wood Favorites Are Falling” »
Beyond Meat stock is slumping after reporting earnings. Angela Weiss / AFP via Getty Images Text size Beyond Meat stock was tumbling after the fake-meat maker’s earnings revealed a larger-than-expected loss. Beyond Meat reported a GAAP loss of $ 1.58 a share, missing forecasts for a loss of 97 cents, on sales of $ 109.5 … Read More “Beyond Meat Stock Is Tumbling. Its Earnings Were That Bad.” »
The combination of underinvestment in new oil wells and rising demand underscores what might be a long period of high prices for energy commodities. Meanwhile, many oil and gas stocks are still trading at low valuations to expected earnings despite a sector-wide rally stretching back to the end of 2020. Even though the energy sector … Read More “Oil prices are surging – these eight stocks are still bargains for long-term investors” »
Text size Tens of billions of investors’ capital has been vaporized inside some top tech hedge funds. It could be the quickest collapse of dollar value in hedge fund history. Dreamstime Warren Buffett once said, “You do not find out who’s been swimming naked until the tide goes out.” Well, the tide has gone out … Read More “2 Stocks to Buy Amid Tech’s Wreckage” »
Text size We’re past the peak of first-quarter earnings season, but with several notable companies still left to report next week. The economic-data highlights of the week will be a pair of inflation measures. Monday’s highlights will include BioNTech, Palantir Technologies , Simon Property Group , spirit Tyson Foods . Electronic Arts , Norwegian Cruise … Read More “Disney, Occidental, Rivian, Palantir, BioNTech, and Other Stocks to Watch This Week” »
