Value stocks have become so cheap relative to earnings that companies have been able to buy back a larger portion of their own market cap, David Einhorn says. The star manager’s Greenlight Capital just posted its best ever quarterly performance relative to the S & P 500 – and Einhorn attributed much of the success … Read more
The state of consumer spending in the US is tricky to call right now. On the one hand, inflation is hitting some consumers hard. The University of Michigan Consumer Sentiment Index fell to an all-time low in June, although it slightly improved in July, data on Friday showed. The Bureau of Economic Analysis reported Friday … Read more
Signage for Snap Inc., parent company of Snapchat, adorns the front of the New York Stock Exchange, March 2, 2017 in New York City. Getty Images Check out the companies making headlines in midday trading. American Express — Shares of the credit card company climbed 2.9% as growth in travel and entertainment spending helped American … Read more
People walk past Snap Inc. Snapchat signage displayed in downtown Los Angeles, California on October 2, 2021. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines after the bell: Snap – Shares of the Snapchat parent company plummeted more than 26% in extended trading after reporting a miss on the … Read more
Here are Tuesday’s biggest calls on Wall Street: Citi upgrades JPMorgan to buy from neutral Citi said in its upgrade of the banking giant that it’s a “high-quality” franchise. “We are upgrading JPM to a Buy as the stock no longer reflects premium valuation and higher capital levels (and limited buybacks) now seem priced in … Read more
Signage is displayed on the exterior of a Capital One Financial Corp. cafe branch in Walnut Creek, California, US, on Tuesday, July 18, 2017. Bloomberg | Getty Images A former Amazon Web Services employee was convicted of hacking into Capital One and stealing the data of more than 100 million people nearly three years ago … Read more
Market watchers have been reluctant to call the bottom on the brutal Wall Street sell-off this year, but Citi thinks a slew of stocks are now oversold and investors should buy the dip. The bank’s analysts, led by Hong Li, said that – given the “continued high macro risk and market volatility” – investors should … Read more
Monday was supposed to mark another milestone for Apple in its effort to bring workers back to the office. The plan — which called for Mondays, Tuesdays and Thursdays to be mandatory days in the office —was scrapped once again as Covid infections tick upward. Apple’s fixed schedule had been met with widespread opposition by … Read more
Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016. Charles Platiau | Reuters Check out the companies making headlines in midday trading. Enphase Energy – Shares jumped more than 8% after Enphase topped earnings expectations on the top and bottom lines. The energy company reported record revenues, and said it’s setting its sights … Read more
A worker inspects a Boeing 737 MAX airliner at Renton Airport adjacent to the Boeing Renton Factory in Renton, Washington on November 10, 2020. Jason Redmond | AFP | Getty Images Check out the companies making headlines in early morning trading. Enphase Energy – Shares of the solar microinverter maker jumped more than 8% during … Read more