Dell Technologies Inc
Cramer’s game plan: This week is all about Powell, but don’t overlook any great earnings reports
Wall Street is collectively bracing for Federal Reserve Chair Jerome Powell’s speech later this week, CNBC’s Jim Cramer said Monday after the major U.S. stock indexes tumbled. Powell’s address — set for 10 a.m. ET Friday as part of the Fed’s annual Jackson Hole symposium — is by far the biggest event on the calendar, […]
Read More
VMware veteran takes helm of pre-IPO software company Cohesity, though market debut is on hold
Sanjay Poonen, former COO, VMware Scott Mlyn | CNBC Cohesity, a startup selling software to back up corporate data, said Tuesday it hired former VMware operating chief Sanjay Poonen to be its next CEO, as the company challenges incumbents like Dell and marches toward an eventual IPO. Poonen told CNBC that he received a call […]
Read More
Our takes on Amazon and Apple heading into next week’s earnings reports
China’s smartphone market could decline in the second quarter as the country experiences a resurgence of covid cases, analysts said. But Apple could fare quite well, the analysts said as it continues to attract users in the high-end of the market. Future Publishing | Future Publishing | Getty Images Source
Read More
Recession playbook: Here are some of Wall street’s top stock picks for a downturn
A growing number on Wall Street are talking up the risk of a recession, with Goldman Sachs , Deutsche Bank and more all pointing to a higher probability of a downturn. “Economic data points indicate a higher probability of recession,” Morgan Stanley analysts said in a June 29 note. “Since the beginning of the year, […]
Read More
Consider hiding out in these tech stocks during a bear market, Bernstein says
With the Nasdaq Composite down 30% from its highs and deep in bear market territory, investors are finding no comfort in the technology sector. Yet amid this painful market backdrop, there are some areas within the downtrodden sector where investors can still find safety, according to Bernstein. “Tech’s overall valuation is now approaching its historical […]
Read More
Apple’s newest homegrown chips present a fresh challenge to Microsoft’s Windows business
Apple CEO Tim Cook (R) looks at a newly redesigned MacBook Air laptop during the WWDC22 at Apple Park on June 06, 2022 in Cupertino, California. Apple CEO Tim Cook kicked off the annual WWDC22 developer conference. Justin Sullivan | Getty Images Apple’s new laptops announced on Monday, featuring the iPhone maker’s next-generation in-house chips, […]
Read More
Microsoft scales down Russia operations due to Ukraine crisis
Microsoft logo displayed on a phone screen and Russian flag displayed on a screen in the background are seen in this illustration photo taken in Krakow, Poland on March 1, 2022. Jakub Porzycki | Nurphoto | Getty Images Microsoft said on Wednesday it was making substantial cuts to its business in Russia, joining a string […]
Read More
Microsoft revamps its budget Surface Laptop Go with more storage
Microsoft’s Surface Laptop Go 2 starts at $599. Microsoft Microsoft on Wednesday started taking preorders for the Surface Laptop Go 2, the first revision to its entry-level laptop. The PC starts at $599, an increase of $50 from the original Surface Laptop Go that Microsoft released in 2020. The tech giant is adhering to its […]
Read More
Stocks making the biggest moves midday: Ulta Beauty, Big Lots, Autodesk, Workday and more
Ulta Beauty store. Scott Mlyn | CNBC Check out the companies making headlines in midday trading Friday. Ulta Beauty — The beauty retailer surged 10% following better-than-expected quarterly earnings and revenue. Ulta Beauty also shared a better-than-expected outlook for the full year. American Eagle — The stock dropped 4.2% after the retailer posted weaker-than-expected quarterly […]
Read More
Stocks making the biggest moves premarket: Big Lots, Hibbett, Pinduoduo and others
Check out the companies making headlines before the bell: Big Lots (BIG) – The discount retailer’s shares tumbled 21.2% in the premarket after missing Wall Street forecasts for quarterly earnings and revenue. The company also reported a larger-than-expected slump in comparable-store sales and issued cautious full-year guidance, saying inflationary pressures reduce discretionary spending. Hibbett (HIBB) […]
Read More