U.S. stocks traded lower Wednesday afternoon, but were off their session lows, after a slump in technology shares and a jump in U.S. crude oil prices weighed on Wall Street as investors absorbed news of deflation in China and looked ahead to the U.S. July consumer price index data due …
Devamını oku »Rivian stock sinks after solid quarter as Wall Street is ‘torn’ about the EV maker
Praise for Rivian Automotive Inc.’s better-than-expected quarterly results failed to boost the EV maker’s stock on Wednesday, with most analysts keeping their cautious view on the company and on the direction of the stock in the near term. Rivian’s shares RIVN, -8.51% dropped more than 9% on Wednesday, a day …
Devamını oku »Rivian earnings: Wall Street eyes $1 billion in Q2 revenue for EV maker
Rivian Automotive Inc. is slated to report second-quarter earnings after the bell on Tuesday, with Wall Street expecting the EV maker’s revenue to hit $1 billion after blowout quarterly production and sales numbers. Rivian RIVN, -4.68% last month surprised Wall Street by reporting second-quarter sales that were up about 60% …
Devamını oku »Earnings have beaten Wall Street estimates by more than usual in 2nd quarter, but 3rd quarter isn’t looking great
Online retail giant Amazon.com Inc.’s AMZN, +8.27% second-quarter results and third-quarter forecast sales last week were a bet that more consumers would start buying more things, but Wall Street’s expectations for the third quarter overall have only grown dimmer. With most of the 500 companies that make up the S&P …
Devamını oku »Apple is about to lead Wall Street on an iPhone 15 scavenger hunt
Apple Inc. leads investors on a metaphorical scavenger hunt every year, and that should kick off later this week. Wall Street will be rewarded Thursday for listening to the earnings call corresponding to Apple’s AAPL, -1.56% least exciting quarter, as it tends to contain clues about the more interesting stretch …
Devamını oku »S&P 500 has a new record high 2023 price target. Here’s a look at Wall Street’s official stock-market outlook.
Despite the U.S. stock-market rally this year bolstered by the euphoria around artificial intelligence and hopes that the U.S. economy can avoid a recession as inflation falls, stock prices have been anything but simple to predict this year, a challenge exemplified recently by some of the Wall Street’s most prominent …
Devamını oku »Main Street struggles while Wall Street celebrates, putting stocks in danger
Wall Street is deluding itself that this week’s U.S. consumer confidence reading is great news. It actually is flashing warning signals. You have to look hard to detect those signals, since on the surface the latest news seems to be exceedingly good. Economists polled by the Wall Street Journal had …
Devamını oku »Ford revenue jumps 12%, but stock dips as Wall Street spooked by shifting EV production goal
Ford Motor Co. late Thursday reported quarterly profit that was about three times higher than last year’s and a 12% increase in its revenue, moving it to raise its outlook for 2023, but the beat-and-raise was overshadowed by a delay in EV production goals. Ford stock F, +0.44% initially rose …
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