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Boeing – Boeing's stock dropped about 1.7% premarket after the aircraft maker posted earnings and revenue that missed expectations, despite a demand recovery. Microsoft — Microsoft shares declined by nearly 3% after the software giant shared a dismal revenue forecast for the current quarter. The tech bellwether topped earnings expectations but said new business growth slowed in December, including within its Azure segment. Sunrun , SunPower — The solar companies both fell more than 3% after being downgraded by Barclays due to a potential slowdown in solar demand. Intuitive Surgical – The maker of robotic surgical systems suffered a 9% drop after the company reported fourth-quarter earning and revenue that fell just short of expectations.
Capital One — The financial stock dipped more than 1% in extended trading after the company posted an earnings miss. Texas Instruments — The chip stock rose under 1% in extended trading after the company reported quarterly results that came in above expectations. Texas Instruments reported earnings of $2.13 per share, beating expectations of $1.98 per share, according to FactSet. Canadian National Railway — Canadian National Railway saw its shares dip more than 4% in extended trading, even as its quarterly results beat expectations. The company reported an EPS of 2.10 in Canadian dollars, compared to FactSet's estimate of C$2.08.
Microsoft held a private Sting performance this week, The Wall Street Journal reported. The tech giant's executives attended the concert, which took place on Tuesday, per the report. Microsoft announced on Wednesday that it would be laying off 10,000 employees. Earlier this month, Amazon CEO Andy Jassy said it plans to lay off some 18,000 employees, while Salesforce also announced anticipated layoffs of about 10 percent of its employees. This month, Goldman Sachs also began laying off the more than 3,000 employees it planned to cut, just ahead of bonus season.
As layoffs creep upward, the findings have implications for firms that have let go of employees. Visier published a study about turnover contagion following resignations, and later detailed its finding related to layoffs in a recent LinkedIn post. After all, managers might not be fully aware of their team member's social ties, particularly if employees work remotely or have a hybrid setup. Bosses might be on team Zoom calls, but they don't see, for instance, that their team members regularly text each other on and off the clock. But they need to think about their team member's salary, growth, and market value.
The company reported fourth-quarter results fell short of analysts' expectations on both top and bottom lines, according to StreetAccount. Chegg — Shares fell 15% after Needham downgraded Chegg to hold from buy, saying the online education company will have trouble reaching consensus for full-year revenue growth in Chegg Services, according to StreetAccount. Mobileye — Shares of the assisted driving company gained 8% after Deutsche Bank initiated coverage of the stock as a buy. Oatly Group — Shares of Oatly Group fell nearly 2%, losing steam after Mizuho upgraded the stock to buy from neutral. Hancock Whitney — Shares fell more than 4% after the bank reported earnings that came mostly in line with expectations, but net interest income came in below expectations, according to StreetAccount.
Kenyan workers were reportedly paid up to $2 an hour to label explicit content used to train ChatGPT. OpenAI confirmed that it used Kenyan workers to help build out a tool that tags problematic content, according to a statement to Time. "Classifying and filtering harmful [text and images] is a necessary step in minimizing the amount of violent and sexual content included in training data and creating tools that can detect harmful content." Still, the nature of the work has caused severe distress for some data labelers, according to the report. Sama told Time that it provides one-on-one mental health counseling and wellness programs for employees to de-stress.
All over the world, organizations of all sizes, including small businesses, scrambled to upload patches and to figure out if they'd been infiltrated. Each time big software companies have changed default settings or made blanket changes with cybersecurity in mind, he points out, cybercrime fell measurably. Some of its donors are big technology companies. "Microsoft takes email security very seriously," said Girish Chander, head of Microsoft Defender for Office, in a statement to CNBC. Updating email software default settings.
On Azure, the analyst said the company's growth engine is entering a "steep growth deceleration" that could be worse in 2023 and 2024 than investors are expecting. Shares of Microsoft were down roughly 29% in 2022, snapping a 10-year winning streak. "This full-year performance and the modest -4% correction since the tough 1Q/Sept print appears a testament to Microsoft's diversified and relatively sticky enterprise-focused portfolio," Keirstead wrote. We are not making a material negative call on the stock, but at 24.5x CY23E FCF, Microsoft shares already embed a 'defensive premium' and are a consensus long," Keirstead added. Shares of Microsoft were down about 2% in Wednesday premarket trading.
The Wynn Resorts logo stands illuminated as people sit by the fountain at the Wynn Macau casino resort in Macau, China, on Tuesday, July 24, 2018. Check out the companies making the biggest moves midday:Wynn Resorts — The casino operator's stock jumped nearly 7%, building on its solid start to 2023. Salesforce — Shares of the cloud-based software company jumped more than 3% after Salesforce announced that it is cutting 10% of its personnel and reducing some office space as part of a restructuring plan. Celanese — The global chemical and specialty materials company jumped more than 6% after being upgraded by RBC Capital Markets to outperform from sector perform. The firm cited the solar company stock's "steep drop from the initial euphoria created by the Inflation Reduction Act."
Check out the companies making headlines in premarket trading. Shares of GE were up about 2% in premarket trading. Microsoft — Microsoft shares dropped about 2% after UBS downgraded the tech giant to neutral from buy. Merck — Merck's stock rose about 1.7% after being upgraded to buy from neutral by Bank of America. Honeywell — Shares of Honeywell slipped 1.8% in the premarket after being double downgraded by UBS to sell from buy.
After recently highlighting Club holdings that analysts tapped as their top picks for 2023, we wanted to take the Street's temperature on our stocks in a different way. Humana Percentage of analysts with a buy/overweight rating: 80% Upside to average price target: 19.5% Humana is the only Club holding besides Halliburton to post share gains in 2022 and land on Tuesday's top-10 screen. Salesforce Percentage of analysts with a buy/overweight rating: 78% Upside to average price target: 47.2% Add Salesforce to the list of beaten-up tech stocks that most analysts expect to recover in 2023. Advanced Micro Devices Percentage of analysts with a buy/overweight rating: 76% Upside to average price target: 35.7% Of the 10 stocks on this list, AMD saw the biggest decline in 2022. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
There's a strong interest from acquirers in hot trends like commerce media and data consultancy. Experts predicted the companies most likely to be acquirers of advertising businesses in 2023. Many industry observers expect advertising industry M&A deal volume and value to be down next year due to volatile macroeconomic conditions. Experts across the advertising industry — from consultants, to agency executives, analysts, investors, and adtech leaders — named the companies likely to be active in the advertising M&A market in 2023 and why. Apple could make an under-the-radar adtech acquisition for its sleeping giant advertising businessIndustry insiders predict Apple has big plans for its $5 billion-and-growing advertising business next year.
More Information The information related to the Save Wealth Premium has been collected by Business Insider and has not been reviewed by the issuer. Instead of earning airline miles, hotel points, or direct cashback, the $750-annual-fee Save Wealth Premium credit card rewards you with stock every time you swipe your card. Review: Is the Save Wealth Premium right for you? With that in mind, they've crafted a valuation chart to compare the Save Wealth Premium to other premium rewards cards. Depending on the success of the Save Wealth Premium, this could be the future of credit card rewards.
Investors who are worried about the tech sector can take comfort in the fact the current shift is not the same as the bust of 2000, according to Raymond James chief investment officer Larry Adam. watch nowThe biggest names in the pure tech sector — Apple , Microsoft and Visa — make up more than 45% of earnings in that space, according to Adam. Alphabet and Meta , which are technically in communication services, represent 53% of the earnings in that sector. "It's always about making sure you don't end up in a lopsided portfolio," Viktorin said. For example, someone who works in tech is already taking on substantial risk outside of their portfolio because their income is dependent on the sector, Viktorin said.
For today's newsletter, I caught up with some finance pros over the weekend to get a sense of what we can learn from last week's earnings disappointments. Tech earnings were a huge disappointment and analysts don't see much relief on the horizon. "The common thread between the mega cap tech earnings reports this week is the companies' unwillingness to cut costs aggressively ahead of an economic slowdown, in spite of investor expectations," he said. What was your biggest takeaway from last week's Big Tech earnings? On the company's earnings call, its CFO said the surging dollar has cost Amazon more than $900 million more than expected.
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.
Alphabet — The search engine parent dropped 5.8% after Alphabet missed third-quarter earnings expectations, and reported a decline in YouTube ad revenue. Texas Instruments — Shares declined 5.7% after TI's Q4 revenue and earnings forecasts missed the average analyst's consensus estimate, according to FactSet. Texas Instruments posted Q3 revenue of $5.24 billion, greater than the $5.14 billion forecast, according to consensus estimates from Refinitiv. Spotify — The streaming stock dropped 6.9% after Spotify's results failed to meet earnings expectations, reporting a loss of 98 cents per share. Analysts were expecting a loss of 84 cents per share, according to consensus estimates on FactSet.
Check out the companies making headlines before the bell:Keurig Dr Pepper — The consumer stock fell 1.5% premarket after Goldman Sachs downgraded the stock to neutral from a buy rating. The Wall Street firm said it sees increased risk to Keurig's margins as commodity inflation, especially related to coffee, remains elevated. The Wall Street firm said it will be hard for Norfolk and CSX to achieve the consensus 25% volume growth going forward. Amazon, Apple, Microsoft — Big Tech names Amazon, Apple, Alphabet and Microsoft all traded at least 1% higher premarket, a possible rebound from Monday's sell-off. Treasury yields retreated Tuesday morning after the multi-year highs hit in the previous session put pressure on tech names.
But some partners say they're optimistic and see an opportunity to cozy up to VMware customers. In fact, several VMware partners view the seismic buyout as an opportunity and hope to use it to their advantage. Even those who weren't as optimistic about Broadcom's takeover told Insider the 24-year-old company was in need of a shake-up. Why VMware partners are optimisticBefore the acquisition announcement, Broadcom told investors the firm was "totally focused on the priorities" of 600 top strategic accounts. "Broadcom is where good software goes to die," an employee from a VMware partner told Insider.
Корпорация Microsoft направила журналистам приглашения на презентацию новой версии операционной системы Windows, передает meduza со ссылкой на The Verge. Новая версия операционной системы, по словам Наделлы, станет одним из самых значительных обновлений за последние десять лет. Bloomberg пишет, что сперва новую версию Windows распространят среди участников тестирования, а широкой публике она станет доступна осенью 2021 года. Последняя версия операционной системы Microsoft — Windows 10 — вышла в июле 2015 года. В январе 2018 года Windows 10 стала самой популярной операционной системой компании, обойдя Windows 7.nokta
Persons: nokta, Сатья Наделла, Наделлы Organizations: Microsoft Windows, Microsoft, Bloomberg, Windows
Судя по данным социологии, многие полагают, что деньги на планы Байдена будут взяты из их карманов. Представители республиканской партии раскритиковали решение Байдена о повышении налогов и заявили, что не поддержат это решение в ходе голосования в Конгрессе. Блеск и нищета корпорацийВпрочем, даже если демократам, удерживающим большинство в обеих палатах Конгресса, удастся принять налоговую реформу, не учитывая мнения республиканской партии, планы Байдена могут так и остаться планами. Операционная прибыль Apple составила 66,3 млрд долларов, Facebook — 32,7 млрд, Microsoft — 13,4 млрд, JPMorgan Chase — 36,5 млрд, Alphabet (материнская компания Google) — 54,6 млрд. В то же время за первые 100 дней нахождения Байдена на посту президента, состояние самых богатых американцев увеличилось почти на 200 млрд долларов.
Persons: Джо Байден, Байден, Сьюзен Коллинз, Шелли Мур Капито, Дональд Трамп Organizations: Times, Apple, Facebook, Microsoft, JPMorgan Chase —, Boeing, Общественный колледж, Конгресс, Большая семерка, воздухаДаже, Федеральная резервная система Locations: Белый дом, Тайдуотер, Норфолк, Мэн, США, Западная Вирджиния
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