Financial performance

AMD stock slips as revenue forecast dips below Street consensus

AMD stock slips as revenue forecast dips below Street consensus

Shares of Advanced Micro Devices Inc. fell in the extended session on Tuesday after the chipmaker’s earnings forecast fell short of Wall Street’s consensus after posting record sales, beating Street’s expectations and reporting a big gain. in data center sales. “Taking a step back, while there has been additional weakness in the PC market in …

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PayPal earnings packed in much more than just numbers

PayPal earnings packed in much more than just numbers

After seeing its shares lose about two-thirds of their value last year, PayPal Holdings Inc. delivered a packed earnings report Tuesday, announcing a new chief financial officer, a buyback authorization and a cost-savings program, while which confirms that activists from Elliott Management Corp. have acquired a stake in the company. Additionally, the company beat expectations …

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The dollar will weaken and these stocks could outperform, says Evercore

The dollar will weaken and these stocks could outperform, says Evercore

Hopes that the Fed may be less aggressive in raising borrowing costs than previously feared have spread rapidly in markets this past week. Stocks have risen as bond yields have fallen. And it has brought the dollar rampage to a screeching halt. The DXY dollar index, +0.49%, which hit a 20-year high above 108.5 in …

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JP Morgan quant who called summer rebound in stocks says rally could continue even if corporate profits decline

JP Morgan quant who called summer rebound in stocks says rally could continue even if corporate profits decline

Investors worried about the next pullback in stocks might want to pause and consider this: The drop in stock valuations since the start of the year has already outpaced the average pullback of other downturns since the early 1990s. , according to JPMorgan Chase & Co.’s stock quantifier Marko Kolanovic. While more Wall Street analysts …

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Big Tech shows its good to be big, as growth slowdown leads to stock gains while smaller rivals find only pain

Big Tech shows its good to be big, as growth slowdown leads to stock gains while smaller rivals find only pain

After super charged, double-digital growth during the pandemic, the results from the five biggest U.S. tech giants this week showed a slowdown as they grapple with inflation, looming recession and an overall slowing economy, but they were largely rewarded by Wall Street because their size shows their strength. During the last week, all of Big …

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Apple earnings can be summed up in one word

Apple earnings can be summed up in one word

Apple Inc.’s iPhone business appears to be a portrait of resilience, according to numerous analysts, as the company indicated Thursday night that macroeconomic pressures had yet to curb demand for its smartphones. The company posted better-than-expected results for its latest quarter, highlighted by strong success in the iPhone segment that helped offset a sizable loss …

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Amazon stock jumps 14% as sales beat and AWS growth overcome a second straight quarterly loss

Amazon stock jumps 14% as sales beat and AWS growth overcome a second straight quarterly loss

Amazon.com Inc. decided to cut back after years of pouring money into growth, and the result was a second straight quarterly loss, but a hit to sales and continued strong growth from Amazon Web Services helped drive the stock higher in post-closing operations. Thursday. amazon amzn, +1.08% reported a second-quarter loss of $2 billion, or …

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Is Mark Zuckerberg taking the first step toward turning Facebook into Yahoo 2.0?

Is Mark Zuckerberg taking the first step toward turning Facebook into Yahoo 2.0?

Yahoo was once the most popular website on the planet, the one place that everyone on the Internet seemed to touch at least once in an online session. However, after an ignominious fall, Yahoo is just another site that has a few followers in certain parts of Asia and offers some niche products. Did Mark …

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Visa tops earnings expectations as CFO sees ‘no evidence of a pullback’ in spending

Visa tops earnings expectations as CFO sees 'no evidence of a pullback' in spending

Visa Inc. beat expectations with its latest results on Tuesday, sending an upbeat signal to investors about the resilience of spending volumes in the current macroeconomic climate. Amid growing concern about the state of the consumer due to factors such as rising inflation and higher interest rates, Visa V, -0.83% joined the card company American …

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