ChargePoint (NYSE: CHPT) posted its latest earnings report on Dec. 1. For the third quarter of fiscal 2023, which ended on Oct. 31, the electric vehicle (EV) charging network operator's revenue rose 93% year over year to $125 million but still missed analysts' estimates by $7 mil
Wall Street prepared for a slightly lower open on Monday morning, as investors seemed ready to take a pause after a solid performance last week. Stock market futures were down about half a percent, falling back from gains that had taken the S&P 500 to its best levels since th
The NASDAQ 100 Pre-Market Indicator is down -41.53 to 11,952.73. The total Pre-Market volume is currently 35,764,158 shares traded.The following are the most active stocks for the pre-market session: NIO Inc. (NIO) is +0.94 at $14.07, with 4,285,882 shares traded. As reported by
U.S. stock index futures fell on Monday as investors awaited more data, including a report on the services sector, to gauge the Federal Reserve's next move at its rate-setting meeting later this month.
The bear market has mauled technology stocks over the past year, as investors sought safe havens to ride out the macroeconomic headwinds. Wall Street has struggled with near 40-year-high inflation, relentless interest rate hikes, and the potential for an even steeper downturn nex
Robinhood (NASDAQ: HOOD) isn't the hotbed of activity that it used to be. The stock market downturn caused the trading platform's sizzle to fizzle quite a bit.
Top European Union officials are aiming to be more vocal at a trade meeting with their U.S. counterparts on Monday in their criticism of President Joe Biden's climate law that would cut off the bloc's electric vehicles from U.S. tax credits.
Tesla plans to cut December output of the Model Y at its Shanghai plant by more than 20% compared to November, two people with knowledge of the matter said on Monday.
Tesla has cut December output of the Model Y at its Shanghai plant by more than 20% compared to November in its latest production plan, said two people with knowledge of the matter.
Top European Union officials intend to complain loudly to their U.S. counterparts at a trade meeting on Monday about the bloc's electric vehicles being cut off from tax credits in U.S. President Joe Biden's signature climate law.
Over the past year, several closely watched tech companies -- including Amazon, Alphabet, and Tesla -- have split their stocks. Those splits didn't make the stocks fundamentally cheaper, but they still generated a lot of buzz among retail investors, some of whom weren't willing t
The best one can say about Lemonade (NYSE: LMND) stock right now is that is that it hasn't continued to slide into oblivion. It's down 55% this year, but it lost most of that at the beginning of the year. It's more or less hovering around a 10% loss in value over the past few mon
In this video, I will be talking about the three growth stocks I added to my portfolio in November. Tesla (NASDAQ: TSLA) is down 52% year to date and has been underperforming lately because of the Twitter deal. The other two are down 30% and 50%, respectively.
If you keep up with technological advances, you’ll know the internet of things (IoT) is making our devices and their data increasingly interconnected — and predictions suggest there will be 75 billion devices of this kind by 2025.
What's good for the economy, isn't always good for the equities market. It's a topsy-turvy world in which stock traders are looking for signs of a slowdown in U.S. hiring so that the Federal Reserve will have an excuse to pause its interest-rate hikes or even pivot to interest-rate cuts next year.
Even though Federal Reserve Chairman Jerome Powell's speech from a few days ago was this week's most impactful market event, this morning's employment-data report was also significant. So, let's see what the numbers indicate and how it could potentially affect your investments now.
Nonfarm Payrolls Print Comes in Hotter than Expected
At first glance, the Labor Department's report for the month of November might not seem noteworthy. After all, the 3.7% unemployment rate was perfectly in-line with what economists had anticipated. Yet, there's more to the story here. As it turns out,
nonfarm payrolls in the U.S. increased by 263,000 during the month of November. That's a lot higher than the 200,000 that economists had projected.
On top of that, average hourly earnings increased 0.6% year-over-year in November. Economists, meanwhile, had modeled an increase of 0.3%. In other words, a surprisingly high number of people are working and they're getting paid more than the experts had anticipated.
In order to slow down its trajectory of interest-rate increases, the Federal Reserve wanted to see signs of a cooling economy, which would help to tamp down inflation. However, given the aforementioned labor data, stock traders feel that the central bank will be less inclined to pause or pivot in the near future.
These Stocks are Impacted the Most
All of the major stock-market indices are down, with the Nasdaq falling further than the S&P 500 and the Dow Jones Industrial Average. As of 11:00 a.m. Eastern time, the Nasdaq was down 1.3%.
Clearly, last year's high flyers are at risk. The Nasdaq is dominated by 2021's growth stocks, such as Tesla (
NASDAQ: TSLA
), Meta Platforms (
NASDAQ: META
), and Netflix (
NASDAQ: NFLX
). These stocks, which had elevated P/E ratios last year, are vulnerable as the Federal Reserve continues to tighten its monetary policy.
Also, chipmakers are feeling the heat today as shares of semiconductor manufacturers Intel (
NASDAQ: INTC
), Advanced Micro Devices (
NASDAQ: AMD
), and Micron (
NASDAQ: MU
) are falling fast. Historically, chipmakers have tended to be susceptible to changes in interest rates.
There really are no safe havens in this environment, as even the less tech-heavy Dow Jones Industrial Average is in the red today. Investors might consider less volatile stocks for the time being, such as Walmart (
NYSE: WMT
), which generally has all-weather appeal.
Disclosure
The NASDAQ 100 Pre-Market Indicator is down -236.04 to 11,805.85. The total Pre-Market volume is currently 35,180,656 shares traded.The following are the most active stocks for the pre-market session: Anavex Life Sciences Corp. (AVXL) is +5 at $13.87, with 6,233,798 shares trade
MILAN (Reuters Breakingviews) - Beijing’s anti-Covid rules have triggered the biggest domestic protests since the Tiananmen Square uprising of 1989. While the Chinese government looks set to ease some health measur
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