Earnings
Goldman Sachs is bullish on these stocks heading into December and the new year
Goldman Sachs highlighted a slate of stocks that are worth snapping up as December approaches. The firm sees major upside ahead for AT & T, GE Aerospace, Pinterest and Monster Beverage . CNBC combed through Goldman research to find buy-rated names the firm says are must owns heading into the end of the year. GE […]
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Top 10 S&P 500 stock winners since Election Day
Stock traders on the floor of the New York Stock Exchange. Michael M. Santiago | Getty Images News | Getty Images Many large U.S. companies have seen their stocks swell since the presidential election. The top 10 performing stocks in the S&P 500 index saw returns of 18% or more since Election Day, according to […]
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Why the U.S. is growing less food
The United States’ fruit and vegetable production, as well as the number of farms in the country, has been declining for decades while it increasingly relies on other countries to fill in the gap, according to the United States Department of Agriculture. “We have nearly a billion acres of farmland, we have a population of […]
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The world’s auto giants will need to partner with Chinese companies to survive in China, analysts say
EV cars are pictured inside BYD’s first electric vehicle (EV) factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player, in Rayong, Thailand, July 4, 2024. Chalinee Thirasupa | Reuters BEIJING — Time is running out for traditional foreign automakers to adapt to China’s electric car market, signaling to […]
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Intuit shares drop as quarterly forecast misses estimates due to revenue getting delayed
Intuit CEO Sasan Goodarzi speaks at the opening night of the Intuit Dome in Los Angeles on Aug. 15, 2024. Rodin Eckenroth | Filmmagic | Getty Images Intuit shares fell 6% in extended trading on Thursday after the finance software maker issued a revenue forecast for the current quarter that trailed analysts’ estimates due to […]
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Gap raises guidance ahead of holidays after storms, warm weather slowed sales
Hurricanes and unseasonably warm weather hit sales at Gap during its fiscal third quarter, but the apparel company still posted better than expected results, leading it to raise its annual guidance for a third time this year. Gap, which runs Old Navy, Banana Republic, Athleta and its namesake banner, is now expecting fiscal 2024 sales […]
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European stocks head for slightly higher open amid subdued market sentiment
Asian chip stocks slump as Nvidia’s slowing revenue growth worries investors Asian semiconductor-related stocks mostly slumped on Thursday after Nvidia reported an earnings forecast that failed to meet the lofty expectations of some investors. While Nvidia’s third-quarter results exceeded analysts’ expectations and delivered a strong forecast for the current quarter, its shares still shed 2.5% in extended trading to roughly $142.20 […]
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Nvidia says it will sell more of its next-generation Blackwell chips than previously anticipated
After a quarter where Nvidia’s sales nearly doubled, investors and analysts are wondering how long the chipmaker can keep this kind of growth going now that it has a $140 billion annual revenue run rate. Those hopes fall on Blackwell, which is Nvidia’s name for a family of server products based around its next-generation AI […]
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Walmart hits new highs and Target dives after earnings as rivals diverge even more
Target‘s stock tumbled to a 52-week low on Wednesday, a day after Walmart shares soared to an all-time high — as the rival retailers’ earnings reports again underscored how their performance has diverged. Target posted its biggest earnings miss in two years and cut its forecast. The company spoke about a “deceleration in discretionary demand” […]
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Snowflake shares pop 19% on earnings and revenue beat
The New York Stock Exchange welcomes Snowflake to usher in the first day of winter on Dec. 21, 2021. NYSE Snowflake shares on Wednesday spiked 19% in extended trading after the data analytics software maker reported fiscal third-quarter earnings that beat estimates. Here’s how the company did, compared to LSEG analyst expectations: Earnings per share: […]
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