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Microsoft Expects $800 Million Impairment Charge Due To GM's Cruise Exit, Analyst Says It's A 'Step In The Right Direction' For Automaker
Thursday, December 12, 2024 - 4:22am | 646Microsoft Corp. (NASDAQ:MSFT) has said that it will be recording an impairment charge of approximately $800 million in the second quarter of fiscal year 2025, according to an SEC filing. This follows General Motors (NYSE:GM) exit from funding Cruise‘s robotaxi development. What Happened: General...
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US Stocks Likely To Open Weaker As Investors Eye Alphabet, AMD And Pfizer Earnings: Expert Says Won't Be 'Surprised' If Earnings Exceed Wall Street Expectations
Tuesday, October 29, 2024 - 7:42am | 1268U.S. stocks could see a weak opening on Tuesday after the averages registered a mixed last week. While the S&P 500 and Dow Jones snapped their six-week winning streak, the Nasdaq Composite chalked its seventh straight week of gains. Earning news flow will continue to pick up momentum in the...
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Inflation Is 'Becoming Boring Again' As Numbers Are 'Right On Target': Economists
Friday, August 30, 2024 - 11:02am | 648Friday’s report on inflation indicated that prices are beginning to moderate as consumer spending continues to exceed expectations and the economy remains resilient, according to economists. “This is a double dose of good news on inflation and economic growth. Inflation prints are...
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Apple's Generative AI Rollout On iPhone 16 Expected To Evolve Slowly: Analysts Warn Of Limited Immediate Impact
Tuesday, August 27, 2024 - 6:02am | 734Apple Inc. (NASDAQ:AAPL) has scheduled a special event on Sept. 9 to unveil the iPhone 16, which is expected to integrate generative artificial intelligence. What Happened: The event, tagged “It’s Glowtime,” will be held at the Steve Jobs Theater in Apple Park and streamed online...
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Why This Netflix Analyst Is Double Upgrading The Streaming Stock: 'Difficult For Competitors To Catch'
Thursday, December 29, 2022 - 11:47am | 631New content and catalysts from Netflix Inc (NASDAQ: NFLX) have one analyst upgrading the streaming stock and lifting their price target ahead of the new year. The Netflix Analyst: CFRA Research analyst Kenneth Leon upgrades shares of Netflix from Sell to Buy and raises the price target from $...
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Why This Lucid Group Analyst Sees Pullback On SEC Probe As Buying Opportunity
Monday, December 6, 2021 - 4:13pm | 393Lucid Group, Inc. (NASDAQ: LCID) shares are coming under intense selling pressure Monday after the company disclosed an investigation by the SEC. What Happened: Lucid received a subpoena from the SEC Friday requesting documents related to an investigation by the regulator, an 8-K filing by...
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Why This Apple Analyst Is Excited
Wednesday, April 21, 2021 - 10:31am | 280When he was on CNBC's "Squawk Box" Wednesday, CFRA Research analyst Angelo Zino restated a buy rating on Apple Inc (NASDAQ: AAPL) for investors with a longer-term horizon. What Happened: Apple held its first event of 2021 Tuesday when the company announced the...
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CFRA Raises Tesla Price Target To $650, Sees Momentum Continuing
Monday, November 30, 2020 - 1:06pm | 212Tesla Inc (NASDAQ: TSLA) stock has been on a dramatic rise since the announcement that the company will be included in the S&P 500. The increase in share price is due to anticipation that funds will need to buy a large amount of shares come Dec. 21. On Monday, CFRA analyst Garrett Nelson...
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The QQQ ETF Joins Exclusive $100B Club
Wednesday, May 13, 2020 - 8:15am | 594In the world of exchange traded funds, it's often said that $100 million in assets is what an issuer needs to turn a profit on a particular fund. Of course, making it to $1 billion is impressive and $10 billion is rarefied air. What Happened Speaking of exclusivity, $100 billion is truly elite...
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A Low-Cost, FAAMNG-Heavy ETF For May
Wednesday, May 6, 2020 - 5:15pm | 609There's no shortage of commentary and concern regarding the size of the S&P 500's top several names and their influence on the broader market. Throw in Netflix (NASDAQ: NFLX) further down the list by market value and its clear the FAAMNG stocks are propping the domestic equity market up...
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2 Defensive ETFs Earn Upgrades
Tuesday, May 5, 2020 - 9:47am | 548The S&P 500 is up nearly 30% from its March lows and while that's undoubtedly an impressive run in a short time frame, some investors remain chastened by the coronavirus market meltdown. A predictable result of those apprehensions is investors looking to remain engaged with equities, but...
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Boeing Shares Lose Altitude On New Coronavirus-Driven Concerns
Friday, April 24, 2020 - 3:44pm | 410Shares of airplane maker Boeing Co (NYSE: BA) were down nearly 6% Friday after The Wall Street Journal reported that the grounded 737 MAX may not return to the skies until late summer or early fall. 737 MAX's Return Up In The Air The fate of Boeing's grounded 737 MAX hinges...
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3 Corporate Bond ETFs For Fed Debt Buying
Tuesday, March 24, 2020 - 9:40am | 631Beleaguered investment-grade corporate bond exchange traded funds got a lifeline Monday when the Federal Reserve said it buy $200 billion worth of high-grade corporate debt, helping the iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSE: LQD) to a gain of 7.39% on more than double the daily...
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3 Popular ETFs With No Tesla Exposure
Friday, February 7, 2020 - 9:21am | 630To say Tesla Inc (NASDAQ: TSLA) has had a wild week would be an understatement. After ascending to almost $969 on Tuesday, the electric vehicle maker closed around $749 on Thursday. Even with that slide, the stock enters Friday up nearly 17% over the past week. While plenty of articles have been...
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3 Sector ETFs That Added Lots Of Cash In January
Wednesday, February 5, 2020 - 12:36pm | 498January was a tricky month for equities due in large part to the emergence and subsequent spread of the coronavirus in the back half of the month. However, that headline risk didn't prevent investors from getting tactical with industry and sector exchange traded funds in the first month of the...