U.S. companies from tech giants Alphabet and Microsoft to GE and toymaker Mattel on Tuesday reported big slowdowns in growth or warned things were going to get worse, fanning recession fears and driving down stocks.
The Zacks Computer and Technology Sector has tumbled in 2022 amid a hawkish pivot from the Federal Reserve, down more than 30% and widely underperforming the general market.
Historically, a moat protected medieval castles from enemy invasion. The term economic moat was made popular by Warren Buffett, and it refers to the competitive advantages a business has to protect its future long-term profitability.
The S&P 500's over 1% surge on Tuesday adds to two weeks of strong gains as investors speculate that third-quarter earnings reports could help pull the market out of its downturn.
Meta Platforms META has entered the worst economic downturn in the company’s history, which has affected the company’s advertising business in third-quarter 2022, set to report on Oct 26.
The Nasdaq led Wall Street's main indexes higher on Tuesday, as U.S. Treasury yields dropped amid growing bets of a let up in the pace of interest-rate hikes on more signs of a cooling economy.
Wall Street's main indexes rose for the third straight session on Tuesday, led by the Nasdaq, as a fall in U.S. Treasury yields lifted megacap growth companies including Microsoft and Alphabet ahead of their earnings reports later in the day.
Apple's (NASDAQ: AAPL) stock has fallen about 10% since mid-September. The leading causes for the dip have been numerous reports that sales for its base-model iPhone 14 and 14 Plus have been underwhelming and an overall slowdown of consumer demand in the tech market.
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares ESG Aware MSCI USA ETF, where 13,450,000 units were destroyed, or a 5.3% decrease week over week. Among the largest underlying com
Western Digital (WDC) is scheduled to report first-quarter fiscal 2023 results on Oct 27.For the to-be-reported quarter, the company projects non-GAAP earnings in the range of 35-65 cents. The Zacks Consensus Estimate for earnings is pegged at 49 cents per share, suggesti
Wall Street's main indexes rose for the third straight session on Tuesday, led by the Nasdaq, as a fall in U.S. Treasury yields lifted megacap growth companies including Microsoft and Alphabet ahead of their earnings reports later in the day.
Canadian stocks rose on Tuesday, echoing an upbeat sentiment on Wall Street as Treasury yields fell, while top cannabis producer Canopy Growth surged on plans to create a holding company to speed up its entry into the United States.
Intel Corporation INTC is scheduled to report third-quarter 2022 results on Oct 27 after the closing bell. In the last reported quarter, the company delivered an earnings surprise of a negative 58%. It pulled off a trailing four-quarter earnings surprise of 6.5%, on avera
T-Mobile US, Inc. TMUS is scheduled to report third-quarter 2022 results on Oct 27 after the closing bell. In the last reported quarter, the company delivered a stellar earnings surprise of 248.8%. It pulled off a trailing four-quarter earnings surprise of 219.3%, on aver
It's no secret the U.S. economy is going through a challenging period at the moment. High inflation has prompted the Federal Reserve to aggressively hike interest rates, often 75 basis points at a time, triple the more typical 25-basis-point move.
Wall Street closed higher on Monday, buoyed by the prevailing sentiment that the Fed is looking to slow down its policy tightening. A major economic report showed a contraction in business activity, underscoring the notion that the Fed moves have worked and that it would
The Nasdaq Composite index has shed close to a third of its value so far in 2022 amid the broader stock market sell-off -- and it looks like things are going to get worse following the latest economic data; core inflation in the U.S. rose to a 40-year high in September. So anothe
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