Day: August 29, 2024
Morgan Stanley is bullish on these global stocks from a corner of the semiconductor sector
The semiconductor sector has been under pressure, but Morgan Stanley sees opportunities in one corner: the bonder market. It’s a market that involves the production of integrated circuits and microelectronic components and is driven in part by the demand for electronics such as smartphones and electric vehicles. “Overall cycle is recovering slowly and equipment vendors […]
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It’s too late to buy utilities — a red-hot AI play — except for 2 stocks, says top Morningstar strategist
Utilities stocks have been a red-hot play off the artificial intelligence boom, with AI leading to the need for much power. The Vanguard Utilities ETF, for instance, has soared nearly 21% year-to-date, more than the S & P 500’s 18%. But the sector has now run too far, according to Morningstar’s Dave Sekera. He said Morningstar […]
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Musk ramps up attacks on Brazil’s top judge as X faces possible suspension, Starlink finances frozen
Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | Reuters Tesla, SpaceX and X Corp. leader Elon Musk ramped up his online attacks on Brazilian Supreme […]
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Stock futures are slightly higher as traders brace for key inflation report: Live updates
A trader works on the floor of the New York Stock Exchange in New York, US, on Friday, Aug. 23, 2024. Bloomberg | Bloomberg | Getty Images Stock futures ticked higher Thursday night as investors prepared for a crucial inflation reading that’s closely watched by the Federal Reserve. Futures tied to the Dow Jones Industrial […]
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MongoDB shares surge 12% on guidance boost
Dev Ittycheria, CEO, MongoDB. Scott Mlyn | CNBC MongoDB shares jumped as much as 16% in extended trading on Thursday after the database software maker reported healthy fiscal second-quarter earnings and pushed up full-year guidance. Here’s how the company did against LSEG consensus: Earnings per share: 70 cents adjusted vs. 49 cents expected Revenue: $478.1 […]
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Harris vows to put Republican in Cabinet in first interview as nominee
Democratic presidential nominee and U.S. Vice President Kamala Harris and vice presidential nominee Tim Walz walk down the steps from Air Force Two at Savannah/Hilton Head International Airport in Savannah, Georgia, U.S., August 28, 2024. Elizabeth Frantz | Reuters Democratic presidential nominee Kamala Harris on Thursday vowed to pick a Republican to serve in her […]
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Dell beats estimates as server sales soar 80%, riding AI wave
Michael Dell at the Allen & Company Sun Valley Conference on July 12, 2024 in Sun Valley, Idaho. David Grogan | CNBC Dell reported quarterly results on Thursday that beat Wall Street expectations, powered by an 80% increase in server sales. The stock rose more than 3% in extended trading. Here’s how the company did for […]
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Stocks making the biggest moves after hours: Ulta Beauty, Dell, Lululemon, MongoDB and more
Check out the companies making headlines in after-hours trading. Ulta Beauty — The beauty products retailer saw its shares fall nearly 7% after missing top and bottom line expectations in the second quarter . Ulta’s earnings came out at $5.30 per share, while analysts polled by LSEG expected $5.46 per share. Revenue was of $2.55 […]
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Lululemon cuts guidance, misses sales estimates after botched product launch
Signage at a Lululemon store in New York, US, on Thursday, Aug. 22, 2024. Lululemon Athletica Inc. is scheduled to release earnings figures on August 29. Yuki Iwamura | Bloomberg | Getty Images Lululemon lowered its guidance and posted its first revenue miss in more than two years on Thursday after it botched a highly […]
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Ulta misses Wall Street expectations, trims guidance after quarterly sales decline
An Ulta Beauty store in New York, US, on Monday, Aug. 19, 2024. Yuki Iwamura | Bloomberg | Getty Images Ulta Beauty shares fell 7% in extended trading Thursday after the company fell short of second-quarter expectations and trimmed its full-year guidance after a decline in same-store sales during the most recent period. Comparable sales […]
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