Intuit Inc
Microsoft, Apple are the most under-owned megacap tech stocks, poised for a rebound, Morgan Stanley says
Microsoft emerged as the most under-owned megacap stock among institutional investors, signaling a rebound could be on the horizon, according to Morgan Stanley. The Wall Street firm looked at new regulatory filings from the 15 largest tech companies in its coverage and then figured out each firm’s average weighting within the top 100 actively managed […]
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Intuit, H&R Block shares fall after report that Trump government efficiency team is considering tax-filing app
Michael Nagle | Bloomberg | Getty Images The stock prices for H&R Block and Intuit fell after a report Tuesday said Trump’s government efficiency team is considering creating a free tax-filing app. Intuit, which makes the TurboTax tax-filing software, was down 5%, putting it on pace for its worst day since Aug. 23, when the […]
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Stocks making the biggest moves midday: Walmart, Lowe’s, Intuit, Kraft Heinz and more
Check out the companies making headlines in midday trading: Walmart — The big-box retailer saw shares jump nearly 5% to hit a record after the retail giant topped fiscal third-quarter earnings and revenue expectations. The retailer also hiked its outlook again as it saw growth in e-commerce and improvements in sales outside of the grocery […]
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Wall Street looks for Nvidia to take the baton from election trades to keep rally alive in the week ahead
What exactly President-elect Donald Trump’s second term means for the stock market will be the question investors continue to grapple with in the week ahead. Nvidia earnings results will also be on deck as investors deal with stubbornly high interest rates as well. The postelection rally took a pause this week, with all three major averages […]
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Starboard Value’s Jeff Smith says Salesforce has ‘a lot more to go’ and can get more profitable
Jeff Smith, chief executive officer and chief investment officer of Starboard Value LP. Chris Goodney | Bloomberg | Getty Images Salesforce shares jumped 98% in 2023 in part after the business software maker increased its adjusted operating margin after Starboard Value and other activist investors raised concerns about the company’s financial performance. Starboard now sees […]
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PayPal CEO’s first year was praised by Wall Street, but hard part starts now for struggling payments company
Alex Chriss, CEO of PayPal Inc. Courtesy: PayPal In January, about a hundred days into his job as PayPal CEO, Alex Chriss told CNBC’s David Faber that the payments company hadn’t had much to celebrate in recent years. But Chriss confidently said he was prepared to “shock the world.” “I love being an underdog,” Chriss […]
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Stocks making the biggest moves midday: Cava, Intuit, Ross Stores, Workday and more
Check out the companies making headlines in midday trading: Cava Group — Shares of the fast-casual restaurant chain popped more than 21% on stronger-than-expected quarterly results . Cava posted earnings of 17 cents per share on $233 million in revenue in the fiscal second quarter. That topped LSEG estimates calling for earnings per share of […]
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Stocks making the biggest moves after hours: Cava, Uber, Ross Stores, Workday and more
Customers arrive at a Cava restaurant in New York City on June 22, 2023. Brendan Mcdermid | Reuters Check out the companies making headlines after the bell: Cava Group — The fast-casual restaurant brand saw shares climb nearly 6% in after-hours trading following a better-than-expected earnings report. Cava posted a profit of 17 cents per […]
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Jim Cramer looks at reasons for the market decline and provides new views on 3 stocks
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets drop: Wall Street struggled to hold onto its early gains and moved lower. We’re not surprised to see the market take a breather after its […]
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Stock futures rise marginally as traders await comments from Powell due later this week: Live updates
Deutsche Bank rises after announcing settlement for bulk of Postbank lawsuit claims U.S. shares of Deutsche Bank advanced more than 2% after announcing a settlement with many plaintiffs in a long-running case tied to its acquisition of Postbank. The German bank said it had come to agreements with more than 80 plaintiffs, which equates to […]
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