Brian Walker, CEO, Herman Miller Scott Mlyn | CNBC Check out the companies making headlines after hours Wednesday: Herman Miller — Shares of the office furniture builder jumped more than 14% on the back of better-than-expected results for the previous quarter. Herman Miller reported adjusted earnings per share of $1.24. Analysts polled by FactSet expected
In winning its case against the Federal Trade Commission (FTC), Qualcomm (NASDAQ:QCOM) became the dominant supplier in 5G. Should QCOM stock investors cheer the decision? Source: testing / Shutterstock.com A three-judge panel of the Appeals Court in the Ninth Circuit ruled that Qualcomm’s control of patents essential to mobility is not an antitrust violation. This
Jumia Technologies (NYSE:JMIA) is another failing e-commerce company that is losing money head over feet and which most investors should avoid. If you don’t care about making money for a good while, then you might have the stomach for JMIA stock. Source: Christopher Penler / Shutterstock.com You might think that is a little harsh, but
The software business is on fire. This is going to be by far the biggest year for software IPOs in history. Four big software IPOs are pricing this week: Snowflake, Unity Software, Jfrog, and Sumo Logic. Palantir and Asana are coming at the end of September. Snowflake priced its IPO at $120 per share, raising
Federal Reserve Chairman Jerome Powell, wearing a face mask, testifies before the House of Representatives Financial Services Committee during a hearing on oversight of the Treasury Department and Federal Reserve response to the outbreak of the coronavirus disease (COVID-19), on Capitol Hill in Washington, U.S., June 30, 2020. Tasos Katopodis | Reuters The Federal Reserve
The markets jumped higher on Tuesday, but lost some of their footing into the close. With that in mind, let’s look at a few top stock trades for Wednesday. Top Stock Trades for Tomorrow No. 1: Apple (AAPL) Apple (NASDAQ:AAPL) shares were mixed on Tuesday, trading around flat at the time of this writing after
To paraphrase legendary investor Warren Buffett, price is what you pay, but value is what you get. Consider intimate apparel maker Naked Brand (NASDAQ:NAKD) a crystal clear example of this principle. Just because NAKD stock is cheap, doesn’t mean that shares are a good value buy. Source: Shutterstock In fact, I hate to say it,
The coal industry remains a major supplier to key industries such as steel and utilities through large numbers of coal-fired electricity plants. It remains a dominant energy supplier despite growing global awareness of climate change and moves to reduce the use of coal, one of the world’s most plentiful fossil fuels. Companies like Arch Resources
Getty Images Check out the companies making headlines after the bell: FedEx — Shares of the shipping company jumped more than 8% in extended trading after beating on the top and bottom lines of its stellar quarterly results. FedEx reported earnings of $4.87 per share on revenue of $19.32 billion. Analysts polled by Refinitiv expected earnings
The housing market and real estate stocks have understandably had a grueling 2020. According to the Urban Land Institute survey in May, economists predicted a $275 billion drop in real estate transaction volumes this year. Additionally, the Real Estate Select Sector SPDR Fund (NYSEARCA:XLRE) declined by 5.8% since the start of 2020, while the S&P
Shares of FuelCell (NASDAQ:FCEL) are dropping after a poor earnings report. The company reported $18.7 million in revenue for the quarter. This was a stark 18% decline from the previous year. However, it also represented a drop from the prior quarter. But that alone was not the reason that FCEL stock is declining. Source: Kaca
Adam Dell attend Sony Pictures Classics And The Cinema Society Host The After Party For “The Burnt Orange Heresy” at New York Academy of Art on March 5, 2020 in New York City. Paul Bruinooge | Patrick McMullan | Getty Images Goldman Sachs is one step closer to creating what it calls the digital bank
Check out the companies making headlines in the premarket Monday: Nvidia (NVDA) — Nvidia shares popped more than 6% in the premarket after the company announced it would buy fellow chipmaker Arm Holdings from SoftBank. The deal is valued at $40 billion and Nvidia will finance it through a combination of cash and common stock. Immunomedics (IMMU),
With a flurry of mergers and acquisitions (M&A) activity, the broader market jumped higher on Monday after a volatile week last week. Let’s see if it can sustain that action going forward through the rest of this week. In the meantime, though, let’s look at a few top stock trades. Top Stock Trades for Tomorrow
Covid 19 has weakened demand for oil resulting in declining production and prices. Hence, industry stalwarts such as Exxon Mobil (NYSE:XOM) have taken a beating. However, with a focus on cost-reduction, debt management, and dividend expansion, Exxon Mobil stock is still worth investing in. Source: Harry Green / Shutterstock.com Second-quarter results were expectedly poor but
If you thought China was a tea-drinking nation and not at all into coffee, you’d be right – supposing your notions were from a generation ago. Thus insofar as investment, the opportunity presented by Luckin Coffee (OTCMKTS:LKNCY) was tempting. Until recently. Now it’s turned into one bitter brew and the question is whether Luckin Stock
Transportation, power, and water facilities are public goods that benefit everyone in the economy, and government provision of these goods is critical to the economy. That is not a controversial conclusion. However, infrastructure projects are often touted as excellent methods of fiscal stimulus, irrespective of the benefits of the end products they produce. This claim
The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston on March 25, 2019. David L. Ryan | The Boston Globe via Getty Images Shares of DraftKings rose sharply on Monday after the sports gaming company announced an agreement with sports entertainment giant
Larry Ellison, co-founder and executive chairman of Oracle Corp., speaks during the Oracle OpenWorld conference in San Francisco on Oct. 22, 2018. Bloomberg Check out the companies making headlines midday Monday: Immunomedics — Immunomedics stock more than doubled on news that Gilead Sciences would buy the cancer drugmaker for $21 billion. The transaction is expected
It has been a decade — since November 2010, to be precise — since Sorrento Therapeutics (NASDAQ:SRNE) has seen its stock hold onto a big gain. From then to now, SRNE stock is off by 15%; it currently trades at $6.32 per share. If you’re hitting yourself for sticking around that long in search of