Daily Trade

Clorox Co. said Thursday it would lay off about 200 employees as part of an ongoing restructuring to reduce its costs. In a blog post, Chief Executive Linda Rendle said the consumer-products maker’s new streamlined operating model, introduced last September, has already proven to be “the right strategy.” “While I’m energized about these changes and

For a decade, Andrew Beal waited for market conditions to change. With interest rates at rock-bottom levels, year after year, and other small and regional banks taking big risks to generate a little bit of income, Beal mostly did nothing. He sat on his hands while the assets of the bank that he ran decreased

There’s good news if you’re betting your investment capital on video game retailer GameStop (NYSE:GME). The company’s financials are improving, and insider buying suggests strong confidence in GME stock. Be prepared for volatility along the way, but a share position in GameStop is likely to yield excellent returns by 2025. The meme-stock traders might target

The latest economic data seems to be breaking the Federal Reserve’s way, with cooling of both inflation and the labor market, according to New York Fed President John Williams on Wednesday. In an evening speech to a group of bond-market experts known as the Money Marketeers of New York University, Williams said the most recent

Tesla (NASDAQ:TSLA) has led the electric vehicle pack for over half a decade. This justifies TSLA stock’s huge valuation, over seven times revenue and 51 times earnings as trading opens on April 17. Earnings for the first quarter are due April 18. But even assuming it earns 86 cents/share, that’s down 20% from last year on deliveries

Confounded by a 2023 stock-market rally in defiance of rising geopolitical tensions, a mini banking crisis and widespread expectations of near-imminent recession? You’re not alone — and that’s the point. The stock market’s resilience so far in 2023 is an example of a well-worn but sometimes useful market concept known as the “pain trade.” Tom

 Lululemon Athletica Inc. is looking to sell its Mirror in-home fitness business, according to reports Tuesday, three years after acquiring it for about $500 million. Bloomberg News reported Tuesday morning that Lululemon LULU, +1.12% was working with an adviser to solicit interest in the business. Later in the day, CNBC reported that Hydrow, a private

China-based electric vehicle manufacturer Nio (NYSE:NIO) is looking to broaden its scope. However, prospective NIO stock investors should view Nio’s expansion plans with a critical eye. The company’s venture into battery-swapping technology and other fields will require time and capital (both financial and human). In the end, the results might disappoint overeager shareholders. Nio is already

Goldman Sachs Group Inc.’s stock lost ground in premarket trades after the investment bank’s first-quarter revenue fell short of the consensus estimate, while net income beat the Wall Street forecast. The company’s latest revenue figure included a previously undisclosed loss of about $470 million from the partial sale of the loan portfolio of its Marcus

Luminar Technologies Inc. shares received a boost late Monday after the autonomous-driving component maker said it was partnering with Taiwan-based TPK Holding Co. to build out its manufacturing capacity in Asia to better serve the growing Chinese market. Luminar LAZR, +3.45% shares rose 2% in after-hours trading after closing up 3.5% at $6, for a

Shares in chip maker Intel (NASDAQ:INTC) were hammered throughout 2022, with INTC stock staying on a downward trajectory during the first two months of this year. As I have discussed previously, this was due to two factors. First, the company’s poor financial performance. Second, related to some extent to the first factor, was rising concerns about softening semiconductor

Beer sales were already flat. Now a right-wing backlash against one of the leading U.S. brands is adding to the industry’s problems. As slowing craft-beer sales continue to drag on the market, a number of politicians and celebrities are boycotting Bud Light. They’re in a lather because of a sponsored partnership between the beer and

In many ways, C3.ai (NYSE:AI) stock has been a tale of two valuations over the last year. Before artificial intelligence became the latest fad due to the public’s fascination with ChatGPT, the valuation of AI stock was quite attractive. For example, on Dec. 1, 2022, the shares were changing hands for roughly 3.9 times analysts’ current average

A cancer vaccine developed by Moderna Inc. and Merck & Co. Inc. showed promising results in a key study, reducing the risk of recurrence or death by 44%, the drug makers said Sunday. About 79% of melanoma patients in a 157-person trial who were treated with Moderna’s personalized mRNA-4157 (V940) therapy in combination with Merck’s

Troika Media Group (NASDAQ:TRKA) has been a popular meme stock so far in 2023. Even after tanking following a short squeeze in early March, TRKA stock remains up by more than 135% year-to-date. What makes shares in this marketing company stand out among meme stocks goes beyond just the fact it has been a strong performer.

Dear Quentin, I have a “first-world” problem with a twist, and I could use your advice. I recently sold my rental townhouse for $325,000. It was already paid off without any encumbrances on the property. After paying the title transfer and capital-gains taxes of 15%, I have $309,000 in cash. Question 1: What should I

Chinese electric vehicle maker Nio (NYSE:NIO) has multiple positive catalysts, including the expected rapid growth of the Chinese EV sector and its sedans, which are quickly becoming quite popular in the huge Asian country. Moreover, the valuation of NIO stock is very low, and two reviews of its P7 luxury sedan that I found online are quite

Dear MarketWatch,  I appreciate you putting my sad predicament In your column. Somehow I have failed, not taking care of myself. I have spent my money on helping my family and was never able to save anything. The two episodes of cancers took me down quite a bit. I’m 74 years old and must continue

Shaina Zafar woke up around 4:50 a.m. in New York City, cooked some eggs and ate them with a bagel and coconut water before imsak, a time to stop eating and drinking. She prayed and set her intentions for the day before the sun rose. Zafar, the co-founder and chief marketing officer of JUV Consulting,

Much as I anticipated, QuantumScape (NYSE:QS) stock has lost charge over the past two months. Surging ahead of earnings, then sinking following the earnings release, QS stock has since drifted back to the high single-digits. While finding support at present price levels, don’t assume that the coast is clear to begin building a position in