As restrictions tightened in Europe amidst rising new coronavirus cases, U.S. stocks went into a tailspin this week. Of course, the aviation sector wasn’t spared, and despite better than expected Q3 earnings, neither was Boeing (BA). The stock ended the week down 14%,...
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Qualcomm: With FTC Case Out of the Way, 5G Opportunity Remains Intact, , on October 31, 2020 at 12:33 am
Shares of Qualcomm (QCOM) might have dropped along with the broader market in this week's bloodbath, but the decline was counterbalanced by some good news.The U.S. Court of Appeals for the Ninth Circuit sided with Qualcomm when denying the FTC’s (Federal Trade...
With No Cuts Left to Make, Big Oil Sits and Waits for a Recovery, , on October 31, 2020 at 12:20 am
(Bloomberg) -- It was Andrew Swiger, the chief financial officer at Exxon Mobil Corp., who summarized the attitude of the whole industry after Big Oil ended reporting another dismal set of quarterly earnings: “Prices will have to rise.”After months of low oil and gas...
Impressive Turnaround Puts General Electric Stock on the Right Track, Says Analyst, , on October 31, 2020 at 12:16 am
The markets were in turmoil this week, with all three major indexes in the red. The specter of further European lockdowns amid rising coronavirus cases, the uncertainty surrounding the upcoming US election, and the mixed earnings results from the FAANG group, all...
After Taking Intel Out, Is AMD About to Dethrone Nvidia? Analyst Weighs In, , on October 30, 2020 at 11:28 pm
It was a busy week at Advanced Micro Devices’ (AMD) HQ. Q3 earnings, and confirmation of a $35 billion Xilinx takeover have been followed by a new product launch.On Wednesday, AMD announced the release of the first products based on its gaming optimized RDNA 2...
Nasdaq Hits Correction Mode, Dow Touches 200-Day Moving Average In Volatile Friday Trade, , on October 30, 2020 at 10:58 pm
If there were any doubts left about whether the market would be "risk-on" or "risk-off" going into the election, Friday's selloff pretty much iced it. The toggle has switched to the off position.The late-week meltdown ignited after earnings from four of the five...
All Eyes on Moderna’s COVID-19 Vaccine Ahead of Data Readout, , on October 30, 2020 at 10:55 pm
Vaccine specialist Moderna (MRNA) reported its fiscal Q3 2020 financial results Thursday morning. Let's run down the basic financial news first, and turn to the vaccine that everyone really wants to hear about: Q3 was kind of a weird quarter for Moderna from a...
3 “Strong Buy” Cannabis Stocks That Could Soar if Biden Wins Election, , on October 30, 2020 at 9:40 pm
The cannabis sector is a fascinating topic. It’s new, its legal status is shifting as society pushes the state legislatures, and that combination is creating opportunities for companies and investors alike. Which brings us to the disparate policy potentials of the...
Amazon Q3 Roundup: Analyst Sees Path For Stock To Hit $5K, , on October 30, 2020 at 8:52 pm
Amazon reported third-quarter revenue and earnings Thursday that came in well ahead of consensus estimates, and analysts remain bullish on the e-commerce stock going into the holiday quarter. Amazon Analysts On Prime, Sales Trends: Amazon.com Inc (NASDAQ: AMZN) had...
Twitter Posts Worst Day Since 2014 After Meager User Growth, , on October 30, 2020 at 8:52 pm
(Bloomberg) -- Twitter Inc. posted its worst day since 2014 after the company’s third-quarter results showed fewer new users than analysts had projected.Shares of the social media company plunged 21% after saying it added just a million new daily users in the third...
Apple Loses $450 Billion in Value Since Record on iPhone Woes, , on October 30, 2020 at 8:22 pm
(Bloomberg) -- When talking about the biggest company in the world, it’s not unusual for there to be eye-popping numbers. But Apple Inc.’s latest superlative is not one investors would like to see.Since becoming the first American company to surpass $2 trillion in...
Apple Loses $450 Billion in Value Since Record on iPhone Woes, , on October 30, 2020 at 8:22 pm
(Bloomberg) -- When talking about the biggest company in the world, it’s not unusual for there to be eye-popping numbers. But Apple Inc.’s latest superlative is not one investors would like to see.Since becoming the first American company to surpass $2 trillion in...
MARKETS: Big tech gets taken to the woodshed but YF Premium remains bullish on Apple, , on October 30, 2020 at 8:16 pm
Yahoo Finance's Jared Blikre joins Myles Udland to break down the day's price action in stocks as well as a long in Apple (AAPL), a Yahoo Finance Premium Investment Idea. Not a subscriber? <a...
How The 2020 Presidential Election Could Impact Defense Stocks, , on October 30, 2020 at 8:03 pm
Defense stocks were among the sectors that were seen as getting a big boost when Donald Trump was elected president.With the 2020 presidential election underway, investors are trying to decide how defense stocks will fare under a Trump re-election or a Joe Biden...
TREASURIES-Yield curve steepest since June as U.S. stocks sell off, , on October 30, 2020 at 7:53 pm
Longer-dated Treasury debt sold off on Friday afternoon, steepening the yield curve to the widest since June, as investors anticipated the deluge of supply that would come from a post-election stimulus package. Investors pulled money out of the U.S. stock market, on...
TREASURIES-Yield curve steepest since June as U.S. stocks sell off, , on October 30, 2020 at 7:53 pm
Longer-dated Treasury debt sold off on Friday afternoon, steepening the yield curve to the widest since June, as investors anticipated the deluge of supply that would come from a post-election stimulus package. Investors pulled money out of the U.S. stock market, on...
Fisker debuts on the NYSE, , on October 30, 2020 at 7:38 pm
Electric automaker Fisker completed its new spac merger and debuted at the New York Stock Exchange on Friday. Henrik Fisker, Fisker Inc. Chairman and CEO, Yahoo Finance’s Myles Udland and The Final Round panel to discuss the new IPO and what to expect from the...
Cruise Ships Cleared by CDC to Plan Return to U.S. Waters, , on October 30, 2020 at 7:00 pm
(Bloomberg) -- The U.S. Centers for Disease Control and Prevention announced Friday that it would lift a ban on cruises in U.S. waters, even as government scientists warned that ships remain vulnerable to deadly Covid-19 outbreaks.The agency provided a list of...
PetSmart Pulls Debt Deal for Chewy After Buyers Balk, , on October 30, 2020 at 6:55 pm
(Bloomberg) -- PetSmart Inc. is shelving a $4.65 billion debt sale that would have helped finance its split from its online counterpart Chewy Inc. after struggling to get buyers on board.The company withdrew its joint junk bond and leveraged loan offering, citing...
Blank-Check Stocks Engulfed in Market Selloff After SPAC Frenzy, , on October 30, 2020 at 6:48 pm
(Bloomberg) -- After all the hype around blank-check companies earlier this year, things have gotten ugly, with those shares selling off amid a stock-market rout.The Defiance Next Gen SPAC Derived ETF (SPAK), which primarily tracks companies that raise money for...
3 Biotech Stocks in the Hunt for COVID-19 Vaccine; One Analyst Calls Them a ‘Buy’, , on October 30, 2020 at 6:40 pm
Nearly a year into a global pandemic the world is still on the back of its heels. In the face of ever increasing infection rates, world economies have slowed rapidly and unemployment has increased significantly, and now governments are reconsidering shutting down...
Visa Inc. (NYSE:V) Annual Results: Here's What Analysts Are Forecasting For This Year, , on October 30, 2020 at 6:01 pm
Last week, you might have seen that Visa Inc. (NYSE:V) released its full-year result to the market. The early response..., Last week, you might have seen that Visa Inc. (NYSE:V) released its full-year result to the market. The early response...,
Tupperware Brands Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year, , on October 30, 2020 at 5:48 pm
Tupperware Brands Corporation (NYSE:TUP) just released its quarterly report and things are looking bullish. Statutory..., Tupperware Brands Corporation (NYSE:TUP) just released its quarterly report and things are looking bullish. Statutory...,
Tupperware Brands Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year, , on October 30, 2020 at 5:48 pm
Tupperware Brands Corporation (NYSE:TUP) just released its quarterly report and things are looking bullish. Statutory..., Tupperware Brands Corporation (NYSE:TUP) just released its quarterly report and things are looking bullish. Statutory...,
New Boeing jet unlikely but depends on MAX return: Safran CEO, , on October 30, 2020 at 5:34 pm
Boeing is unlikely to launch a new plane in the near future but its options will depend in part on how successfully its grounded 737 MAX regains its position in the market, the head of one of its engine suppliers said on Friday. The MAX is expected to win safety...
Was The Smart Money Right About Crowding Into Peloton Interactive, Inc. (PTON)?, , on October 30, 2020 at 5:29 pm
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years....
Why Regeneron Is Halting Coronavirus Antibody Cocktail Study Enrollment In Patients With Severe Cases, , on October 30, 2020 at 5:28 pm
Regeneron Pharmaceuticals Inc (NASDAQ: REGN) faced a setback Friday in a trial evaluating its antibody cocktail REGN-COV2 in hospitalized COVID-19 patients.What Happened: An independent data monitoring committee recommended that further enrollment of patients...
Why Regeneron Is Halting Coronavirus Antibody Cocktail Study Enrollment In Patients With Severe Cases, , on October 30, 2020 at 5:28 pm
Regeneron Pharmaceuticals Inc (NASDAQ: REGN) faced a setback Friday in a trial evaluating its antibody cocktail REGN-COV2 in hospitalized COVID-19 patients.What Happened: An independent data monitoring committee recommended that further enrollment of patients...
Teladoc Health, Inc. (NYSE:TDOC) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?, , on October 30, 2020 at 5:23 pm
Last week saw the newest quarterly earnings release from Teladoc Health, Inc. (NYSE:TDOC), an important milestone in..., Last week saw the newest quarterly earnings release from Teladoc Health, Inc. (NYSE:TDOC), an important milestone in...,
Novavax lays out specific minority targets for U.S. COVID-19 vaccine trial, , on October 30, 2020 at 5:01 pm
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Regeneron Halts Covid-19 Trial For High-Flow Oxygen Patients; Shares Fall, , on October 30, 2020 at 4:41 pm
Regeneron Pharmaceuticals (REGN) has revealed that the independent data monitoring committee (IDMC) has advised it to modify its current REGN-COV2 antibody cocktail treatment trials for COVID-19. Shares are falling 2.5% in Friday’s trading.Specifically, based on a...
Henry Kravis Says the Market Is Wilder Than at Any Time in His Career, , on October 30, 2020 at 4:05 pm
(Bloomberg) -- Henry Kravis said there’s more turmoil in the markets than any time in his half-century career as investors react to pandemic news.“I’ve been investing for over 50 years, I don’t remember a time when I’ve seen such volatility as we see today,” Kravis,...
Charlotte's Web Holdings Inc. Q3-2020 Earnings Conference Call and Webcast Notice, , on October 30, 2020 at 3:58 pm
BOULDER, Colo., Oct., BOULDER, Colo., Oct.,
The Bottom Is in for These 3 Stocks? Analysts Say ‘Buy’, , on October 30, 2020 at 3:41 pm
Markets are down, but not collapsing. Investors remain worried about the coronavirus, and Tuesday’s election remains up in the air. Uncertainty rules the day, exacerbated by recent market losses. Wall Street, however, expects that the bulls will start running again...
Chevron Surprises With Profit Despite Grim Outlook, , on October 30, 2020 at 3:23 pm
(Bloomberg) -- Chevron Corp. posted a surprise profit as the oil supermajor slashed capital spending to cope with the pandemic-driven collapse in crude demand.The California oil titan posted adjusted per-share earnings of 11 cents for the third quarter, outperforming...
Why Schlumberger NV (SLB) Stock is a Compelling Investment Case, , on October 30, 2020 at 3:14 pm
First Eagle Investment Management recently released its Q3 2020 Investor Letter, a copy of which you can download here. The First Eagle Global Fund A Shares posted a return of 5.64% for the third quarter (without sales charge), underperforming its benchmark, the MSCI...
Why Exxon Mobil Corp (XOM) Stock is a Compelling Investment Case, , on October 30, 2020 at 3:11 pm
First Eagle Investment Management recently released its Q3 2020 Investor Letter, a copy of which you can download here. The First Eagle Global Fund A Shares posted a return of 5.64% for the third quarter (without sales charge), underperforming its benchmark, the MSCI...
Biogen Alzheimer’s Drug Faces FDA Panel With Billions at Stake, , on October 30, 2020 at 3:09 pm
(Bloomberg) -- Biogen Inc.’s big bet that U.S. regulators will approve its experimental drug for Alzheimer’s disease faces a key test next week when a panel of outside advisers reviews results from a pair of studies.The Nov. 6 advisory committee meeting is a highlight...
Calculating The Intrinsic Value Of Li Auto Inc. (NASDAQ:LI), , on October 30, 2020 at 2:27 pm
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Li Auto Inc..., Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Li Auto Inc...,
US STOCKS-Wall St slumps as tech stocks slide, COVID cases jump, , on October 30, 2020 at 2:22 pm
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Should You Be Adding JinkoSolar Holding (NYSE:JKS) To Your Watchlist Today?, , on October 30, 2020 at 2:18 pm
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to..., For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...,
Apple tops estimates but iPhone revenue disappoints, , on October 30, 2020 at 2:04 pm
Yahoo Finance’s Brian Sozzi and Alexis Christoforous break down Apple’s latest earnings report with CFRA Analyst, Angelo Zino., Yahoo Finance’s Brian Sozzi and Alexis Christoforous break down Apple’s latest earnings report with CFRA Analyst, Angelo Zino.,
Orion Group Holdings, Inc. Just Beat EPS By 500%: Here's What Analysts Think Will Happen Next, , on October 30, 2020 at 1:55 pm
Orion Group Holdings, Inc. (NYSE:ORN) just released its quarterly report and things are looking bullish. The company..., Orion Group Holdings, Inc. (NYSE:ORN) just released its quarterly report and things are looking bullish. The company...,
Is Gilead Sciences, Inc. (NASDAQ:GILD) Trading At A 45% Discount?, , on October 30, 2020 at 1:46 pm
How far off is Gilead Sciences, Inc. (NASDAQ:GILD) from its intrinsic value? Using the most recent financial data..., How far off is Gilead Sciences, Inc. (NASDAQ:GILD) from its intrinsic value? Using the most recent financial data...,
Earnings roundup: Under Armour, Facebook, Google, Twitter, , on October 30, 2020 at 1:44 pm
Yahoo Finance's Emily McCormick joins The First Trade with Alexis Christoforous and Brian Sozzi to discuss the latest quarterly earnings reports from Under Armour, Facebook, Google and Twitter., Yahoo Finance's Emily McCormick joins The First Trade with Alexis...
Prosus Has a $5 Billion Solution to a $59 Billion Problem, , on October 30, 2020 at 1:40 pm
(Bloomberg Opinion) -- Prosus NV, which became Europe’s largest technology company this week, has always been something of a Gordian knot for investors.The Amsterdam-based company derives the entirety of its 141 billion-euro ($165 billion) market capitalization from...
MindMed Closes Upsized Financing of CAD $28.75m With Strong Institutional Demand for Psychedelic Medicines, , on October 30, 2020 at 1:17 pm
Post-Financing Cash Reserves of CAD $50.1m (USD $37., Post-Financing Cash Reserves of CAD $50.1m (USD $37.,
Under Armour’s Stock Is Surging After Its Profits Blow Past Forecasts, Will Sell MyFitness Pal, , on October 30, 2020 at 12:54 pm
The better-than-expected report was driven by the sales of the brand's sneakers and workout gear., The better-than-expected report was driven by the sales of the brand's sneakers and workout gear.,
Biden tax proposal might hit wealthy estates with 67% rate, , on October 30, 2020 at 12:44 pm
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Apple shares fall as iPhone sales dip weighs on record quarterly results, , on October 30, 2020 at 12:39 pm
Customers put off buying new devices in the second half of September, leading the company to report its steepest quarterly drop in iPhone sales in at least three years. "We think this was most blatant in China, where 5G service is more accessible, with sales in the...
Liminal BioSciences Announces Private Placement Financing of USD$30 Million, , on October 30, 2020 at 12:30 pm
LAVAL, QC, and CAMBRIDGE, ENGLAND, Oct. 30, 2020 /CNW Telbec/ - Liminal BioSciences Inc., LAVAL, QC, and CAMBRIDGE, ENGLAND, Oct. 30, 2020 /CNW Telbec/ - Liminal BioSciences Inc.,
Exxon Warns of $30 Billion Shale Writedown Amid Record Losses, , on October 30, 2020 at 12:23 pm
(Bloomberg) -- Exxon Mobil Corp. warned it may take up to $30 billion in writedowns on natural gas fields after posting a historic loss despite sweeping budget and job cuts.Exxon is confronting one of its biggest crises since Saudi Arabia began nationalizing its...
Liberty Health Sciences Reports Fiscal Year 2021 Second Quarter Financial Results, , on October 30, 2020 at 12:13 pm
*Note: All references to dollar values refer to Canadian dollars unless otherwise stated.TORONTO, ON, Oct., *Note: All references to dollar values refer to Canadian dollars unless otherwise stated.TORONTO, ON, Oct.,
Exxon posts third straight loss as pandemic hits demand, prices, , on October 30, 2020 at 12:03 pm
The largest U.S. oil producer by volume plans to cut its capital spending for 2021 to between $16 billion to $19 billion from a planned $23 billion this year. Exxon has not had writedowns in shale fields this year and has long said it believes demand will grow for its...
Is DHT Holdings, Inc. (NYSE:DHT) Trading At A 41% Discount?, , on October 30, 2020 at 11:59 am
In this article we are going to estimate the intrinsic value of DHT Holdings, Inc. (NYSE:DHT) by taking the forecast..., In this article we are going to estimate the intrinsic value of DHT Holdings, Inc. (NYSE:DHT) by taking the forecast...,
AbbVie raises 2020 profit forecast as COVID-19 hit eases, , on October 30, 2020 at 11:53 am
Botox, which AbbVie gained through its $64 billion acquisition of Allergan in May, suffered an initial hit during the peak of the health crisis, but demand has since improved. AbbVie's portfolio of aesthetic medicines such as Botox was showing a "V-shaped recovery,"...
Netflix price hike is here — this is how much more money Netflix may bank, , on October 30, 2020 at 11:39 am
The Netflix money-minting machine looks to be ramping up even further., The Netflix money-minting machine looks to be ramping up even further.,
Exxon posts third straight loss as pandemic hits energy demand, prices, , on October 30, 2020 at 11:31 am
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eBay Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next, , on October 30, 2020 at 11:17 am
Shareholders might have noticed that eBay Inc. (NASDAQ:EBAY) filed its quarterly result this time last week. The early..., Shareholders might have noticed that eBay Inc. (NASDAQ:EBAY) filed its quarterly result this time last week. The early...,
Alamos Gold Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions, , on October 30, 2020 at 11:05 am
Shareholders of Alamos Gold Inc. (TSE:AGI) will be pleased this week, given that the stock price is up 10% to CA$12.16..., Shareholders of Alamos Gold Inc. (TSE:AGI) will be pleased this week, given that the stock price is up 10% to CA$12.16...,
Earnings Miss: CME Group Inc. Missed EPS By 8.1% And Analysts Are Revising Their Forecasts, , on October 30, 2020 at 10:56 am
CME Group Inc. (NASDAQ:CME) just released its latest third-quarter report and things are not looking great. Results..., CME Group Inc. (NASDAQ:CME) just released its latest third-quarter report and things are not looking great. Results...,
Earnings Update: The Boeing Company (NYSE:BA) Just Reported Its Third-Quarter Results And Analysts Are Updating Their Forecasts, , on October 30, 2020 at 10:31 am
There's been a notable change in appetite for The Boeing Company (NYSE:BA) shares in the week since its quarterly..., There's been a notable change in appetite for The Boeing Company (NYSE:BA) shares in the week since its quarterly...,
Will Overstock.com (NASDAQ:OSTK) Multiply In Value Going Forward?, , on October 30, 2020 at 10:20 am
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically..., What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...,
The most important companies have never been more important: Morning Brief, , on October 30, 2020 at 10:04 am
Top news and what to watch in the markets on Friday, October 30, 2020., Top news and what to watch in the markets on Friday, October 30, 2020.,
Sony in talks with AT&T to buy Crunchyroll for more than $950 million: Nikkei, , on October 30, 2020 at 9:39 am
Sony Corp is in final talks with AT&T to acquire U.S. animation-streaming service Crunchyroll in a deal worth more than 100 billion yen ($957 million), the Nikkei business daily reported on Friday. The acquisition would give Sony access to Crunchyroll's 70 million...
The world's largest stock sale by Ant Group draws a record amount from nearly 1.5 million retail investors, , on October 30, 2020 at 9:30 am
The world's largest initial public offering (IPO) is breaking records in Hong Kong's stock market history and soaked up more than half of the money in circulation as investors spent an unprecedented amount of cash to win a piece of the world's biggest online payments...
Alibaba to kick off China's first post-pandemic 'Singles Day' early, , on October 30, 2020 at 8:19 am
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Gold in Worst Run Since 2019 as Election Nears, Pandemic Rages, , on October 30, 2020 at 8:13 am
(Bloomberg) -- Gold headed for a third monthly drop -- the longest run since 2019 -- as investors favored the dollar as a haven in the final days before next week’s pivotal U.S. presidential election, a contest that coincides with a wave of coronavirus cases that’s...
Ripple Keeps Pumping Funds Into MoneyGram, , on October 30, 2020 at 7:56 am
All in, Ripple has funded the money sender to the tune of over $52 million for providing liquidity to one of its payments products., All in, Ripple has funded the money sender to the tune of over $52 million for providing liquidity to one of its payments products.,
Prosus to Buy Back $5 Billion of Shares to Cut Tencent Gap, , on October 30, 2020 at 7:47 am
(Bloomberg) -- Prosus NV plans to buy back a combined $5 billion of shares in the global e-commerce giant and its South African parent Naspers Ltd., a move designed to boost shareholder value and narrow a discount between the company and its stake in Tencent Holdings...
U.S., European Futures Fall on Tech Outlook Worry: Markets Wrap, , on October 30, 2020 at 6:27 am
(Bloomberg) -- Fresh concerns about the outlook for technology giants led to a selloff in U.S. and European equity futures and Asian shares on Friday. Treasuries rallied and the yen strengthened.Nasdaq 100 contracts fell over 2.5% following a string of reports from...
Megacap Tech Disappoints Market Where Nothing’s Good Enough, , on October 30, 2020 at 5:26 am
(Bloomberg) -- Solid quarterly earnings from America’s biggest tech firms weren’t enough to keep investors from selling late Thursday, the latest sign sentiment is turning against ultra-expensive digital megacaps.Futures on the S&P 500 tumbled 1.5% and Nasdaq 100...
Square: More Upside on the Horizon, Says Analyst, , on October 30, 2020 at 3:46 am
One of 2020’s most prominent trends has been the rise of digital payments. Driven by the continued success of it Cash App, Square (SQ) has made the most of this opportunity. The fintech player has experienced strong growth and as a result the stock has accumulated...
U.S. Stock Futures Fall on Tech Outlook Concerns: Markets Wrap, , on October 30, 2020 at 3:30 am
(Bloomberg) -- Fresh concerns about the outlook for technology giants dragged U.S. equity futures lower, while Asian stocks also slipped on Friday. The dollar gave back some of its advance from the prior session.Japanese shares fell over 1%, with declines more modest...
Landmark Singapore IPO Turns Professor Into Multimillionaire, , on October 30, 2020 at 2:55 am
(Bloomberg) -- Shi Xu moved to Singapore in the early 1990s, hoping for financial stability and job security. Now the former academic and his wife are multimillionaires after their nanotechnology company debuted in the city-state.Nanofilm Technologies International...
Microsoft Remains a Solid Investment, Says 5-Star Analyst, , on October 30, 2020 at 2:52 am
With Microsoft (MSFT) stock up over 30% year-to-date, expectations were high coming into the tech giant's fiscal first-quarter earnings. While the tech giant beat on the top and bottom lines, the second-quarter guidance was soft. As a result, MSFT shares fell 5% on...
Kala Pharmaceuticals Got Its FDA Approval: What’s Next for the Stock, , on October 30, 2020 at 12:17 am
There’s a new FDA-approved dry eye treatment on the scene. On Tuesday, the U.S. regulators green-lighted Kala Pharmaceuticals' (KALA) EYSUVIS 0.25% for the treatment of signs and symptoms of dry eye disease (DED).The go ahead from the FDA makes EYSUVIS the first and...
Jack Ma’s Ant IPO Lures $2.8 Trillion in Growing Investor Frenzy, , on October 29, 2020 at 11:22 pm
(Bloomberg) -- Chen Wu frantically clicked the order button on his online brokerage account as the clock struck noon.Like thousands of individual investors in Hong Kong and across China, the 35-year-old software developer was desperate for a piece of Ant Group Co.’s...
Apple Shares Fall After IPhone Sales Miss, China Drops 29%, , on October 29, 2020 at 11:13 pm
(Bloomberg) -- Apple Inc. shares fell 4% after the company reported iPhone sales that missed Wall Street estimates and said revenue in China slumped.The company gave no forecast for the key holiday quarter, disappointing some analysts who were hoping for guidance....
Amazon Q3 Sails Past Expectations, Revenues Jump 37%, , on October 29, 2020 at 10:25 pm
The pandemic has been better to Amazon than anyone realized, thanks to online shopping surges., The pandemic has been better to Amazon than anyone realized, thanks to online shopping surges.,
Stock market news live updates: Stock futures trade lower, giving back gains after tech earnings, , on October 29, 2020 at 10:15 pm
Stock futures traded lower Thursday evening to give back some gains after the three major indices rallied during the regular session., Stock futures traded lower Thursday evening to give back some gains after the three major indices rallied during the regular session.,
Apple Tumbles After IPhone Sales Miss, China Drops 29%, , on October 29, 2020 at 10:03 pm
(Bloomberg) -- Apple Inc. shares fell more than 5% after the company reported iPhone sales that missed Wall Street estimates and said revenue in China slumped.The company gave no forecast for the key holiday quarter, disappointing some analysts who were hoping for...
Ballard and AUDI Sign Definitive Agreements Regarding Use of Industry-Leading High-Power Density Fuel Cell Stack for Vehicle Propulsion, , on October 29, 2020 at 10:00 pm
VANCOUVER, BC, Oct. The FCgen®-HPS fuel cell stack provides propulsion for a range of Light-, Medium- and Heavy-Duty vehicles in an industry-leading volumetric high-power density of 4., VANCOUVER, BC, Oct. The FCgen®-HPS fuel cell stack provides propulsion for a...
Twitter reports Q3 earnings, , on October 29, 2020 at 9:56 pm
Twitter reported Q3 earnings on Thursday, surpassing analyst expectations, but coming in under in user growth. The Final Round breaks down the numbers., Twitter reported Q3 earnings on Thursday, surpassing analyst expectations, but coming in under in user growth. The...
Namaste Technologies Reports Third Quarter 2020 Financial Results, , on October 29, 2020 at 9:46 pm
~Company reports a 49% Q3 year-over-year increase in net revenue for 2020 third quarter revenue~TORONTO, Oct. 29, 2020 /CNW/ - Namaste Technologies Inc., ~Company reports a 49% Q3 year-over-year increase in net revenue for 2020 third quarter revenue~TORONTO, Oct. 29,...
Apple Q4 earnings beat expectations but sees decline in sales in China, , on October 29, 2020 at 9:44 pm
Apple reported fiscal fourth-quarter earnings after market close on Thursday that topped expectations, with sales from the company’s services offerings and Mac computers hitting quarterly records., Apple reported fiscal fourth-quarter earnings after market close on...
Alphabet posts quarterly beat on revenue, EPS, , on October 29, 2020 at 9:34 pm
Google parent Alphabet reported Q3 earnings that topped the Street's expectations. The tech company posted $16.40 EPS and $38.01B in revenue, outperforming consensus estimates of $11.42 EPS and $35.35B in revenue. The company’s quarterly results come after the Justice...
Facebook Q3 beats, forecasts ‘significant amount of uncertainty’ in 2021, , on October 29, 2020 at 9:28 pm
Facebook’s third quarter earnings report beat investor expectations on top and bottom lines after hours on Thursday. The platform saw 12% growth in both daily and monthly active users across its platforms year over year, as consumers around the world spent more time...
Amazon beats estimates with stellar third-quarter earnings, , on October 29, 2020 at 9:07 pm
Amazon Inc released its third quarter earnings report after hours on Thursday, which blew investor expectations out of the park, with strong beats on earnings per share and revenue. The company saw its net sales increase 37% year over year to $96.1 billion and its...
Weak iPhone sales pull down Apple shares, , on October 29, 2020 at 8:33 pm
Despite those delays, Apple has mostly beaten sales expectations this year and released a slew of new products and services that its customers have embraced while largely homebound during the pandemic. Apple said revenue and profits for the fiscal fourth quarter ended...
Apple sales beat driven by Macs and Watches, CEO ‘optimistic’ about 5G iPhone sales, , on October 29, 2020 at 8:30 pm
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Facebook Sees 22% Ad Revenue Growth As It Beats Expectations In Third Quarter, , on October 29, 2020 at 8:25 pm
Facebook's ad revenue rose 22% in the third quarter, as it beat analyst expectations of earnings growth. The company on Thursday reported net income of $7.8 billion in the three months ended September 30, a rise of 29% from the same period a year earlier. That...
Amazon posts Q3 earnings that blow away estimates; COVID-19 effect boosts sales, , on October 29, 2020 at 8:22 pm
The tech giant has entrenched itself as one of the biggest beneficiaries of the coronavirus pandemic. , The tech giant has entrenched itself as one of the biggest beneficiaries of the coronavirus pandemic. ,
Amazon forecasts jump in holiday sales – and pandemic costs, , on October 29, 2020 at 8:14 pm
Since the start of the virus outbreak in the United States eight months ago, consumers have turned increasingly to Amazon for delivery of groceries, home goods and medical supplies. Brick-and-mortar shops closed their doors; Amazon by contrast moved to recruit over...
Tech Q3 Earnings: Facebook, Google, Amazon Post Strong Revenue and Profit Gains, , on October 29, 2020 at 8:12 pm
Big tech companies continue to prosper in the time of COVID. Facebook, Alphabet (Google's parent) and Amazon each reported solid growth for the third quarter of 2020 — results that reflect how people worldwide have upped their usage of internet giants' services during...
Activision Blizzard blows out Q3 2020 expectations with ‘Call of Duty’ leading the way, , on October 29, 2020 at 8:05 pm
Activision Blizzard blew out analysts' Q3 expectations on continued strength from its 'Call of Duty' franchise., Activision Blizzard blew out analysts' Q3 expectations on continued strength from its 'Call of Duty' franchise.,
Netflix pops on price hikes, , on October 29, 2020 at 7:52 pm
Netflix shares saw a pop on Thursday after the company announced that some price hikes for its plans for U.S. subscribers according to the Verge. Yahoo Finance’s The Final Round panel breaks down the latest from the streaming company., Netflix shares saw a pop on...
10 Best High Dividend Stocks To Buy Now, , on October 29, 2020 at 7:48 pm
In this article we present the list of 10 best high dividend stocks to buy now. Click to skip ahead and see the top 5 high dividend stocks to buy. We are going to be in a low interest rate environment for the foreseeable future. We aren’t going to get into the details...
Earnings rundown: Pinterest, Spotify, Shopify, , on October 29, 2020 at 7:43 pm
Yahoo Finance’s Myles Udland and The Final Round panel break down some of the most notable earning news., Yahoo Finance’s Myles Udland and The Final Round panel break down some of the most notable earning news.,
Netflix Raises Price of Standard Monthly Plan in U.S. to $14 per Month, , on October 29, 2020 at 7:28 pm
Here comes another price hike for Netflix customers in the U.S.: The streaming giant will hike the price of the Standard two-stream HD plan, its most popular package, by about 8% -- going from $12.99 per month to $13.99. In addition, Netflix's Premium tier (with four...
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