Move over FANG stocks, it’s time for a MIC check. That’s MIC as in Microsoft Corp., Intel Corp. and Cisco Systems Inc., which all helped lead the Internet-driven bull market in the 1990s. Microsoft lifted the Nasdaq-100 Index more than any other stock in between the gauge’s high last August and its record Wednesday, according … Continue reading FANGs No More
Pinterest and Zoom Go Public Pinterest Pinterest(), the more anticipated of the two IPOs dropping today, started trading under the ticker symbol PINS. Initially priced at $19 a share, the stock began trading at $23.75, up 25%, putting its market cap above $12 billion. CEO Benjamin Silbermann said in an interview on CNBC following the … Continue reading Pinterest and Zoom IPOs Drop Today
U.S. egg prices are lower just in time for Easter.
From Yesterday Aftermarket IBM came in at adjusted earnings of $2.25 a share and revenue of $18.18 billion, estimates were $2.23 per share, revenue $18.53 billion. Full year adjusted earnings outlook was reiterated to "at least $13.90" a share. BLK reported $6.61 per share and revenue of $3.35 billion. Estimates were $6.02 per share, revenue … Continue reading Earnings 04/17/2019
Days like Monday may be just what the S&P 500 needs to sustain a comeback from fourth-quarter losses
Johnson & Johnson reported $3.75 billion or $1.39 per share, Analysts expected $1.67 per share. JNJ made $2.10 an adjusted share, beating estimates. JNJ raised its full-year financial target, sales strength in its pharma division, weakness in other segments. Full year earnings expected to be between $8.53 to 8.63 vs $8.50-8.65. Expects operational sales to … Continue reading Earnings Update
Goldman Sachs () reported better-than-expected EPS but missed revenue estimates due to weakness in its Investing and Lending segments. Charles Schwab () reported better-than-expected Q1 EPS and revenue results. Citigroup () reported a quarterly profit of $4.71 billion, $1.87/share, Analysts expected $1.80/share. Revenue fell short of estimates, $18.567 billion vs $18.634 billion estimate. Trading revenue … Continue reading Financials Earnings
In a 4.9 billion dollar deal, Waste Management() announced its agreement to acquire Advanced Disposal Services(). WM will pay $33.15 a share, over a 20% premium from ADSW's closing price on Friday. The merger would combine the #1 and #4 waste management companies.
Amazon.com Inc. () is increasingly becoming an online marketplace, rather than a retailer. The proportion of sales made by other companies through Amazon has increased every year since 2007 and surpassed 50 percent for the first time in 2015, according to data cited Thursday by Chief Executive Officer Jeff Bezos in an annual letter to … Continue reading Amazon 3rd-Party Sellers
At a cost of $6.99/month or $69.00/year Disney () announced it's online streaming content at it's investor conference yesterday. Expected to launch in November, Disney expects all of the Pixar library, all of the Star Wars movies/shows, a lot of the Marvel universe, including exclusive streaming of Captain Marvel and much more. They've added a … Continue reading Disney+ announcement