Microsoft Corp
Here are Wednesday’s biggest analyst calls: Amazon, Apple, Tesla, Netflix, Twitter, Snowflake & more
Here are Wednesday’s biggest calls on Wall Street: KeyBanc initiates Lyft and Uber as equal weight KeyBanc said the ride-sharing companies need to prove that profitability is sustainable. “For Uber profitable growth is necessary to prove out. Investors already view Uber as a LT outperformer due to its scale. … . For Lyft , profitability […]
Read More
Stocks making the biggest moves midday: Gap, Peloton, Boeing, American Airlines, Twitter and more
A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Gap — Shares of the apparel retailer dropped more than 5% after Gap announced Monday that CEO Sonia Syngal is stepping down from her position. Wells Fargo downgraded the stock to equal weight […]
Read More
Microsoft cuts small percentage of employees as new fiscal year begins
Satya Nadella, chief executive officer of Microsoft Corp., speaks during a panel session on day two of the World Economic Forum in Davos, Switzerland, on May 24, 2022. Hollie Adams | Bloomberg | Getty Images Microsoft said Tuesday it cut a small number of workers, days after the software maker began its 2023 fiscal year, […]
Read More
Video game sales set to fall for first time in years as industry braces for recession
The PlayStation 5 logo pictured at a store in Krakow, Poland. Nurphoto | Getty Images Video game sales are set to decline annually for the first time in years, as another industry that boomed in the coronavirus era faces the grim prospect of a recession. The global games and services market is forecast to contract […]
Read More
Chips drive Samsung’s highest second-quarter profit since 2018, but demand is cooling
People walk past the logo of Samsung Electronics in Seoul on July 7, 2022. South Korea’s Samsung Electronics Co Ltd turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even as demand from inflation-hit smartphone makers cools. Jung Yeon-je | Afp | Getty Images […]
Read More
Citi names its ‘highest conviction ideas’ for the second half of 2022 — and gives one upside of 85%
Citi has named a raft of stocks it thinks could do well in the second half of 2022, as investors continue to navigate market uncertainty and hot inflation. Stock markets suffered steep losses in the first six months of this year as an unrelenting sell-off brought major indexes to their knees. The S & P […]
Read More
Microsoft’s $69 billion Activision takeover faces competition probe in the UK
Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard’s games character. Dado Ruvic | Reuters The U.K.’s competition watchdog on Wednesday opened an investigation into Microsoft’s acquisition of video game publisher Activision Blizzard. It marks one of the first probes by a major antitrust enforcer into the $68.7 billion deal, which was […]
Read More
Buy these stocks to insulate your portfolio from the next big market risk, Morgan Stanley says
Stock markets are emerging from the worst start to a year in half a century. But the volatility is far from over and investors should prepare for further risk to earnings ahead, Morgan Stanley says. The S & P 500 notched its worst first half since 1970 while the Nasdaq Composite fell deep into a […]
Read More
Want to know where to invest for the next 10 years? Here’s what the pros suggest
Volatile markets, inflation hitting new highs and the risk of recession are making things tough for investors right now. “Looking out over the next 10 years, the forces that drove the rapid outperformance of growth over value are unlikely to repeat,” Paul Danis, head of asset allocation at Brewin Dolphin , told CNBC. “Bond yields […]
Read More
Investment banks trumpet fresh ideas in new second-half stock trades
Major investment banks expect the stock market’s volatility to continue in the second half of 2022. A brutal market sell-off saw the S & P 500 suffer its worst first half since 1970 as the Nasdaq Composite plummeted deep into a bear market. Meanwhile, the Federal Reserve kickstarted an aggressive rate hiking cycle to curb […]
Read More