There’s still plenty of room for upside in tech stocks, Morgan Stanley said earlier this week. The firm named a slew of companies it says are well positioned following their latest quarterly earnings reports. CNBC Pro combed through Morgan Stanley research to find the firm’s favorite overweight-rated stocks based on the latest results and updated […]
Kharkiv, northeastern Ukraine. Future Publishing | Future Publishing | Getty Images Russia launched an overnight drone attack on Ukraine’s Kharkiv and Dnipro regions, injuring at least six people and hitting critical infrastructure, commercial and residential buildings, regional officials said on Saturday. The Ukrainian Air Force said the Russian forces launched 13 Shahed drones targeting the […]
Squishmallows of Waren Buffett and Charlie Munger display at the Berkshire Hathaway Annual Shareholders Meeting at Omaha, Nevada on May 3, 2024. Sarah Min | CNBC OMAHA, Nebraska — Warren Buffett’s annual shopping event, the pregame to Berkshire Hathaway‘s annual meeting, is wowing shareholders flocking to Omaha this weekend. With over 20,000 square feet of […]
Tim Cook and Warren Buffett Getty Images (L) | CNBC (R) Berkshire Hathaway‘s Warren Buffett was still using a flip phone as late as 2020, four years after his investment behemoth started amassing a huge stake in the company that makes iPhones. “I don’t understand the phone at all, but I do understand consumer behavior,” […]
As investors say farewell to a week marked by a Federal Reserve meeting, surprise labor market data and the latest corporate earnings, they’re left trying to figure out what it all means for a stock market that’s still deciding where it wants to go. All three of the major market indexes are on track to […]
Analysts are boosting their estimates for a handful of companies that are set to report quarterly results next week. The first-quarter earnings season has so far led to better-than-expected results. About 80% of S & P 500 companies have reported quarterly results, and of these, roughly 77% have posted earnings that have beaten estimates, according […]
Check out the companies making headlines in midday trading. Apple — The tech giant jumped more than 6% after announcing it would repurchase $110 billion in shares . Apple also posted beats on the top and bottom lines, reporting fiscal second-quarter earnings at $1.53 per share on $90.75 billion in revenue. That topped analysts’ estimates […]
A handful of stocks are entering or about to enter the worrisome so-called death cross. A death cross is a price chart pattern that forms when a stock’s 50-day moving average slips below its 200-day moving average, lending a signal that investors are bearish on a stock or that the stock’s momentum is weakening and […]
