There is a wild mismatch between the salaries of the CEOs of Indian Information Technology companies and lower and mid-level employees, the latter seen here going about their business at the headquarters of India’s best-known technology company, Infosys Technologies Ltd. in Bangalore in stock photo. Bloomberg | Bloomberg | Getty Images The chief executive officers … Read more
Check out the companies making headlines before the bell: Accenture (ACN) – The consulting firm’s shares fell 3.3% in the premarket after its quarterly revenue beat forecasts but earnings were impacted by the cost of its Russia exit. Accenture raised its full-year revenue forecast but cut the top end of its projected earnings range due … Read more
Federal Reserve Chairman Jerome Powell adjusts his tie as he arrives to testify before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to Congress” on Capitol Hill in Washington, July 15, 2021. Kevin Lamarque | Reuters Wall Street and the Federal Reserve appeared to enter a new reality … Read more
Tech stocks came under renewed pressure on Friday amid a broad sell-off in the market. CNBC Pro identifies the beaten down tech stocks from the US and beyond that look to have strong fundamentals and are loved by analysts. Wall Street suffered a massive sell-off at the end of last week, as all major indexes … Read more
Analysts at leading investment banks say a number of tech stocks present compelling buying opportunities right now – with some more than 30% off their 52-week highs. A storm of headwinds have hit tech stocks and investors are asking about names that are nearing the bottom, according to Bank of America. “Tech is facing the … Read more
A man walks past TSMC’s logo at the company’s headquarters in Hsinchu, Taiwan. Sam Yeh | AFP | Getty Images Products that rely on semiconductors are set to get even more expensive as chip foundries prepare to increase their prices, according to analysts. The world’s biggest foundries – including Taiwan Semiconductor Manufacturing Company, Samsung and … Read more
Check out the companies making headlines before the bell: Dollar General (DG) – Dollar General rallied 5% in the premarket after the discount retailer forecast better-than-expected full-year sales. Dollar General’s quarterly earnings of $ 2.57 per share matched forecasts, although revenue was slightly below estimates and same-store sales fell more than expected. The company also … Read more
These buy-rated stocks have the potential to outperform their tech peers in the months ahead, according to Bank of America.
Third Point’s Dan Loeb slashed his Disney holding by half in the fourth quarter after two years of pushing the media giant to ramp up its streaming services.