DIRS.INFO The most relevant business & tech news

☆ Stocks making the biggest moves midday: Under Armour, Robinhood, Peloton, Lincoln National and more
▼ + stars: | 2022-11-03 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The real estate tech company reported earnings of 38 cents per share on revenue of $483 million. Robinhood — Shares of the trading app soared 9.7% after the company reported a smaller-than-expected quarterly loss as well as revenue that topped analyst forecasts. Lincoln National — Shares dropped 33% after Lincoln National missed earnings per share expectations in its third quarter, despite surprising to the upside on its sales forecast. The company reported adjusted earnings per share of $3.13, in line with Wall Street expectations. Otherwise, the company reported a strong third-quarter earnings report, beating on the top and bottom lines.

☆ Stocks making the biggest moves midday: Tupperware, Airbnb, Paramount, Estee Lauder and more
▼ + stars: | 2022-11-02 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +6 min

Estee Lauder — The cosmetic maker dropped 8% after it gave a weak outlook despite beating expectations for the quarter. Trimble — Shares dropped 7% after Trimble missed revenue expectations in its third-quarter results. Robinson — The stock fell 6% after the transportation and logistics company reported disappointing revenue in its latest results. Airbnb — The lodging stock fell 10.1% after the company reported earnings per share that beat expectations, while revenue came in line with estimates. The company it its fiscal first quarter reported adjusted earnings per share of 93 cents versus expectations of 75 cents.

☆ Stocks making the biggest moves after hours: Airbnb, Advanced Micro Devices, Match Group and more
▼ + stars: | 2022-11-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Airbnb — The lodging stock fell about 6.6% after hours even after the company reported better-than-expected quarterly earnings and revenue. Advanced Micro Devices — The chipmaker saw its shares rise more than 4% despite reporting quarterly results and issuing guidance that missed analysts' expectations. Match Group — Shares of the dating app operator jumped 13% after the company posted higher-than-expected revenue for the third quarter, according to StreetAccount. Current quarter guidance for adjusted operating income also came in above StreetAccount's estimates. Intuit — The TurboTax operator saw its shares bounce by 3% after the company reported its quarterly financial results.

☆ Stock futures are flat ahead of key Fed policy decision
▼ + stars: | 2022-11-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Stock futures were little changed Tuesday night as investors brace themselves for the Federal Reserve's latest policy decision at the conclusion of its meeting on Wednesday. S&P 500 futures and Nasdaq 100 futures traded just below the flat line. In regular trading, the major stock averages ended the day lower after job openings in September showed a resilient labor market. "That's just not a great number for the Fed, it's still a tight job market," Greene said. In addition to the Fed policy decision, investors will also be watching for mortgage application data and ADP's employment report, both due out Wednesday morning.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoinbase backs Ripple in SEC case, and investors could be too optimistic on rates: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Steve McClurg of Valkyrie explains what investors are watching ahead of the Fed meeting

☆ These are JPMorgan's favorite stocks heading into November
▼ + stars: | 2022-11-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

The firm's Analyst Focus List is a compilation of its analysts' favorite names for various investment strategies, and it gets a refresh every month. Almost all the stocks included have overweight ratings and are recommended for growth or value strategies. For November, the analysts removed a handful of stocks, including First Republic , and added just one: the cancer treatment developer BioAtla . JPMorgan included the stock for a near-term strategy and put a $23 price target on it. McDonald's , Allstate , AbbVie and Qualcomm are among the value stocks that are in the mix.

☆ Stocks making the biggest moves midday: Uber, Abiomed, Peloton, Carvana, Molson Coors and more
▼ + stars: | 2022-11-01 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Uber – Shares of Uber jumped 12% after the company reported revenue that exceeded Wall Street's expectations. J&J shares fell 1%. Molson Coors Beverage – Shares of Molson Coors fell 3.8% after the beer giant reported earnings that fell short of expectations. Goodyear Tire – Shares fell 13% after the tire company's earnings fell short of expectations due in part to higher costs and a surging dollar. Gartner – The research firm was up 7.5% after it beat per-share earnings expectations, according to StreetAccount, and issued positive full-year guidance.

☆ Goldman says dividend growth stocks win in recessions – here are 10
▼ + stars: | 2022-10-31 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Those planning for more disruption should prioritize stocks with a decent dividend yield and, perhaps more importantly, dividend growth. "In the mid-1970s, high dividend yield stocks struggled to compete with rising cash yields and lagged the S & P 500," Kostin said. Goldman recommends its recently refreshed basket of dividend growth stocks. Verizon Communications carries the highest dividend yield on the list, at 7%, with dividend growth of 2%. NXP Semiconductors and Microchip Technology have some of the fastest dividend growth for the sector, at 22% each.

☆ Bitcoin's break above $20,000 has investors wondering if the crypto bottom is in. Here's what analysts say
▼ + stars: | 2022-10-30 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

October is a historically strong month for crypto, but this month, prices and volatility have been relatively flat. Don't call it a bottom yet The odd inactivity has investors wondering if the crypto market could be turning for the better and breaking out of this year's rut. That, combined with the recent low volatility, would provide more evidence of a bottom, but bitcoin today is still leaving derivative exchanges. "For low price volatility to be associated with bottoms, the portion of bitcoin inflows into exchanges dominated by whales ought to be relatively low," he said. CryptoQuant also analyzed bitcoin's MVRV, or market value to realized value, ratio, which shows crypto hasn't gone into undervalued territory.

☆ Stocks making the biggest moves midday: Apple, Amazon, Intel and more
▼ + stars: | 2022-10-28 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +5 min

Apple – Shares of Apple jumped 8% after the technology giant beat both top and bottom line estimates when it reported earnings results for its latest quarter. Amazon – Shares of Amazon slipped 9% Friday after the retailer on Thursday reported quarterly revenue that fell short of Wall Street's expectations. T-Mobile – T-Mobile stock jumped 6% after the telecom company reported the largest jump in subscriber numbers since 2020, when it merged with Sprint. Pinterest – Pinterest rose 8% after the social media company beat earnings expectations and reported more monthly users than analysts forecast. The medical equipment company reported quarterly results on Thursday, posting revenue that slightly beat expectations, according to consensus estimates on StreetAccount.

☆ Nasdaq futures fall after weak Amazon guidance adds pressure to tech rout
▼ + stars: | 2022-10-27 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Nasdaq 100 futures were lower Thursday night after disappointing Amazon earnings added to the already pressured index. Dow Jones Industrial Average futures fell 0.5%, and S&P 500 futures lost 0.1%. Amazon led the declines in extended trading, having plunged after the company posted weaker-than-expected quarterly revenue and issued disappointing fourth-quarter sales guidance. Earlier in the day, the Nasdaq Composite lost 1.6%, due to a rout in Meta and other tech stocks, and the S&P 500 fell 0.6%. The Dow and S&P are on pace to end the week higher by about 3% and 1.5%, respectively.

☆ Stocks making the biggest moves after hours: Amazon, Apple, Pinterest, Intel and more
▼ + stars: | 2022-10-27 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Apple — Apple share fell as much as about 4% following its quarterly financial report, which included weaker-than-expected iPhone revenue. Apple still beat Wall Street estimates for its earnings and revenue, however, and the shares pared their losses. Pinterest — The social media platform's shares climbed 15% postmarket after it third-quarter earnings and revenue both topped estimates. Gilead Sciences — The pharma company added about 4% after third quarter earnings beat analyst estimates, according to FactSet. Earnings and revenue for the third quarter beat analysts' estimates, according to FactSet.

☆ Credit Suisse says sell AMC, predicts stock headed to 95 cents
▼ + stars: | 2022-10-27 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Movie theaters' post-pandemic recovery may soon (or already) be over, and that could have consequences for AMC Entertainment , according to Credit Suisse. The firm highlighted several warning signs about the cinema chain in a note Thursday morning, reiterating its underperform rating on the stock and its price target of 95 cents per share. Fourth-quarter attendance levels are tracking at about 66% of those seen in the same quarter in 2019, and box-office revenue should grow by just about 2%, Credit Suisse said. For next year, Credit Suisse sees a roughly 5% increase in 2023 box office revenue. Outside the movie theater-going experience, Credit Suisse also warned about studios' production and customers' viewing and streaming expectations.

☆ Stocks making the biggest moves midday: Meta Platforms, ServiceNow, Teladoc, Credit Suisse & more
▼ + stars: | 2022-10-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

McDonald's — The fast-food giant's shares got a 2.8% lift after the company beat earnings expectations for its most recent quarter. Align Technology — The Invisalign maker saw its shares tumble 18% after it posted disappointing earnings for the most recent quarter. Credit Suisse — Shares of the Swiss bank plummeted 19.5% after Credit Suisse posted a greater-than-expected loss for the third quarter. ServiceNow — The stock jumped 13% after ServiceNow surpassed earnings expectations in its most recent quarter. Comcast — The media giant's stock rose 4.8% after topping analysts' earnings expectations for the third quarter.

☆ Stocks making the biggest moves midday: Harley-Davidson, Visa, Microsoft, Biogen and more
▼ + stars: | 2022-10-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Harley-Davidson — Shares of the motorcycle company climbed 13% after Harley reported quarterly earnings beat top- and bottom line estimates. The per share loss was 0.99 euros per share on 3.04 billion of euros in revenue. Analysts surveyed by Refinitiv were expecting a loss of 0.85 euros per share and 3.02 billion of euros in revenue. Visa reported earnings of $1.93 per share on revenue of $7.79 billion. CMG reported revenue of $2.22 billion versus the $2.23 billion expected by analysts surveyed by Refinitiv.

☆ Goldman upgrades Biogen, says it’s poised to address early Alzheimer’s market next year
▼ + stars: | 2022-10-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Biogen shares have a lot more potential upside for investors thanks to positive new data around the company's early Alzheimer's drug, Goldman Sachs said Wednesday. The upgrade followed the company's earnings call, which had a big focus on the drug, lecanemab, an anti-amyloid antibody that is in phase 3 trials. Goldman also raised its revenue estimates for the drug to $14 billion in 2035, compared with prior estimates of $2 billion. "The company is now poised to address the early Alzheimer's disease market in 2023+ following the recent topline lecanemab Ph3 (CLARITY-AD) data," Goldman analyst Salveen Richter said in a note. "With BIIB shares now trading at ~$270 post the topline CLARITY-AD data, there is roughly ~$80/share reflected in the stock for Alzhiemer's disease," Richter said.

☆ Crypto bank deposits have dropped in this bear market. Why JPMorgan says it's a ‘small blip’ over the long term
▼ + stars: | 2022-10-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

The outlook for crypto banks is surprisingly strong given a drop-off in customer deposits in the wake of depressed prices and low volatility , according to JPMorgan. Both Silvergate Bank and Signature Bank , two commercial banks that serve the cryptocurrency industry, reported their third-quarter financial results this week. Signature's crypto deposits fell 12% on a quarterly basis, but the bank added 116 digital currency clients, bringing its total crypto customer base to 1,677. Its crypto deposits tend to come from crypto exchanges and stablecoin companies. At Silvergate, crypto deposits decreased by 11%, and its crypto customer base increased by 92 to reach 1,439.

☆ Bitcoin's volatility falls below Nasdaq and S&P 500's for first time since 2020
▼ + stars: | 2022-10-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

While bitcoin's price is stuck lately, there is one good thing to come from it for investors betting on crypto to become a legitimate asset class: It's less of a wild ride. After hovering in the $19,000 level for more than a month, bitcoin's volatility is now lower than that of both the Nasdaq and S&P 500, according to Kaiko. (Though bitcoin's correlation with stocks has eased, it remains high and its price continues to be driven by macro themes.) "Bitcoin volatility is at multi-year lows while equity volatility is only at its lowest level since July," Clara Medalie, head of research at Kaiko, told CNBC. The data suggests that cryptocurrency markets are less reactive to volatile macro events than they were earlier on in the year, whereas equity markets have remained highly sensitive."

☆ A month after the Ethereum merge, supply is finally declining as hoped but the price of ether remains stuck
▼ + stars: | 2022-10-21 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

In crypto terms, that means that the supply of ether is now decreasing rather than increasing. Despite basic supply and demand dynamics on the network, the macro backdrop still has a strong hold on crypto prices. "Theoretically speaking, if we see a deflationary environment then there should be upward pressure on the price, but there are other factors that affect the ether price," said Owen Lau, an analyst at Oppenheimer. Ethereum uses those gas fees to burn tokens, so with higher fees the network had more money to burn. High gas fees can always come down however, Lau said, and that would mean the network would have less ether to burn.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEther tests $1,300 level, and new crypto trading service comes to Europe: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Sridhar Ramaswamy, the former head of Google's ad business, discusses his new Web3 search startup.

☆ Stocks making the biggest moves midday: Allstate, AT&T, IBM, Tesla and more
▼ + stars: | 2022-10-20 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +5 min

AT&T – The telecom giant's stock jumped 7% after the company surpassed earnings and revenue estimates for the recent quarter. AT&T's wireless revenue rose 5.6%. Tesla – Shares of electric automaker Tesla fell 6% Thursday, a day after the company reported third-quarter earnings that fell short of Wall Street's expectations for revenue. Freeport McMoRan – Shares of Freeport McMoRan jumped more than 3% after the mining company reported earnings Thursday. The company reported third-quarter earnings per share of $2.36 versus the StreetAccount estimate of $2.19.

☆ October is a historically strong month for bitcoin, but price action this month has been oddly lackluster
▼ + stars: | 2022-10-19 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

The month of October, celebrated as "Uptober" by long-time crypto investors, has historically churned out some big gains for bitcoin. In seven of the last 10 years, bitcoin has posted a positive month. For four of the last six years, ether has ended the October trading month higher, according to Kaiko. Bitcoin was lower for the month by 0.3% as of Tuesday, while ether was down 1.4%, according to Coin Metrics. "Crypto market volatility has dipped to multi-year lows over the past month, with bitcoin's 20-day volatility now equal to that of the Nasdaq equity index," Kaiko head of research Clara Medalie told CNBC.

☆ Stocks making the biggest moves midday: Netflix, Intuitive Surgical, Generac, Winnebago and more
▼ + stars: | 2022-10-19 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The power company also reported preliminary third-quarter results, with earnings per share expected to come in at $1.75 compared to the $3.21 estimate. Netflix — Shares of the streaming media company soared 13.1% after the firm on Tuesday posted better-than-expected results on the top and bottom lines. Netflix also reported the addition of 2.41 million net global subscribers, more than doubling the adds the company had projected a quarter ago. Intuitive also reported growth in its da Vinci procedures of about 20% compared with the third quarter of 2021. Snap — The social media stock climbed 2.5% after Citi added a positive catalyst watch on Snap heading into its earnings results Thursday.

☆ Stocks making the biggest moves after hours: Netflix, United Airlines, Adobe and more
▼ + stars: | 2022-10-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Netflix — The streaming giant's shares skyrocketed more than 14% after the bell Tuesday after the company reported better-than-expected earnings and revenue for the most recent quarter. Intuitive Surgical — The medical equipment maker jumped 11% after the company reported quarterly earnings and revenue that came in slightly higher than expected, according to FactSet. United Airlines — The airline saw its shares move higher by more than 6% after-hours following its quarterly results. Adjusted revenue came in at $847 million, while FactSet estimates put it at $797.6 million. J.B. Hunt Transport — Shares of the transportation and logistics company gained more than 2% in extended trading following its quarterly earnings report.

☆ Nasdaq futures rise for a third day as better-than-expected Netflix results keep tech gains going
▼ + stars: | 2022-10-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Nasdaq futures jumped Tuesday evening after the major averages posted a second straight day of gains, and Netflix reported strong earnings after the bell. Dow Jones Industrial Average futures gained 0.4%, and S&P 500 futures rose 0.7%. All three of the major stock averages finished the regular trading day higher, as earnings reports boosted a choppy market. The Dow closed higher by about 337 points, while the S&P 500 gained 1.1% and the tech-heavy Nasdaq Composite added 0.9%. "Earnings estimates are a bit too high for the S&P 500 at 7% to 9% per year going forward," he said.

Search resuls for: "Tanaya"

25 mentions found