The jobs market kicked off 2020 in grand fashion, adding 291,000 in private payrolls for the best monthly gain since May 2015, according to a report Wednesday from ADP and Moody’s Analytics. That was well above the 150,000 estimate from economists surveyed by Dow Jones and more evidence that the U.S. still is a good … Read more
Tesla stock is surging again, roaring above $900 a share in Tuesday trading after major shareholder Ron Baron forecast the company will top $1 trillion in revenue in a decade and as investors who bet against the stock scrambled to catch up. “I just can’t believe this freaking stock. It’s insane,” Roth Capital analyst Craig … Read more
Dow to make up some ground since Friday’s plunge U.S. stock futures were pointing to a bounce at Wall Street’s open on Monday after last week’s major sell-off on concerns about the widening coronavirus outbreak. On Friday, the Dow Jones Industrial Average plummeted 603 points, or 2%, in its biggest single-session decline since August. The … Read more
The last time Tesla shareholders had a month like this, the electric vehicle maker was delivering fewer than 5,000 cars a quarter. Now, the number is more than 20 times higher. As January comes to a close, Tesla shares are up 53% for the month as of Thursday’s closing, wrapping up their best month since … Read more
Comcast on Thursday reported fourth-quarter earnings that exceeded estimates for the top and bottom lines. Shares of Comcast were up more than 1.5% in pre-market trading. — RECOMMENDED — Tech insiders are holding their breath for what’s about to be revealed … A prediction that could mean the END for market giants like Google, Facebook, … Read more
Procter & Gamble is expected to report its fiscal second-quarter earnings before the bell Thursday. — RECOMMENDED — THE WINNING STRATEGY THAT WALL STREET HAS BEEN HIDING FROM EVERYONE… FULL DETAILS HERE Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: $1.37 expected Revenue: $18.4 billion expected Earlier in January, P&G … Read more
Top Wall Street economist Michael Gapen believes the market’s record rally has stamina. The Barclays head of U.S. economics research cites a calm economic backdrop as a major driver. “We’re kind of sitting at a trend-like outlook where growth is around 2% this year,” he told CNBC’s “Trading Nation” on Friday. “It’s a very benign … Read more
Even as regulators bear down on the top technology companies and some lawmakers seek to break them up, Big Tech is bigger than ever. On Thursday, Alphabet topped $1 trillion in market value, becoming the fourth U.S. technology company to reach that level, after Apple, Microsoft and Amazon, which has slipped back to about $930 … Read more
Morgan Stanley shares popped after the firm exceeded analysts’ profit estimates and each of its three main businesses produced more revenue than expected. The bank said Thursday that fourth-quarter profit surged 46% to $2.24 billion, or $1.30 a share, compared with the 99 cent estimate of analysts surveyed by Refinitiv. Revenue climbed 27% to $10.86 billion, … Read more
J.P. Morgan Chase posted profit and revenue that exceeded analysts’ expectations on a strong rebound in trading revenue at the end of 2019. The bank said Tuesday that fourth-quarter profit rose 21% to $8.52 billion, or $2.57 a share, compared to the $2.35 estimate of analysts surveyed by Refinitiv. Managed revenue climbed 9% to $29.2 billion, compared with … Read more