Investors had a lot to digest this week, as government data stoked lingering doubts about the economy and a flood of earnings reports hit the tape. The major indexes all ended Thursday’s session lower, weighed down by a look at first-quarter U.S. gross domestic product that drastically missed expectations. But by Friday, upbeat earnings reports … Read more
The U.S. economy is flashing a sign that’s favorable for dividend stocks, according to Bank of America. In March, the firm’s U.S. Regime Indicator — an economic metric — showed the largest increase since July 2021, after it moved into a recovery phase in February, equity and quant strategist Savita Subramanian wrote in a note … Read more
CNBC’s Jim Cramer on Friday walked investors through next week on Wall Street. It’s a week jam-packed with notable events, including earnings from Apple, Amazon and Eli Lilly. He also advised investors to pay attention to Wednesday’s Federal Reserve meeting and Friday’s employment figures from the Department of Labor. “We have to run such a … Read more
ARK Invest is betting big on private tech companies. “It’s an amazing time to invest in innovation,” the firm’s chief futurist, Brett Winton, told CNBC’s “ETF Edge” this week. “Both venture exposures and public innovation companies are incredibly well valued today to take a long-term investment.” Winton worked with the ARK Invest team to create … Read more
Microsoft delivered picture-perfect earnings after the bell Thursday, calming the market’s brief fears about runaway spending on AI infrastructure without the cloud revenues to show for it. Revenue increased about 17% year over year, to $61.86 billion, beating the Street consensus estimate of $60.8 billion, according to data from LSEG. Earnings per share (EPS) increased … Read more
CNBC’s Jim Cramer on Thursday said companies that perpetually generate “self-help” are poised to do well in this market. In other words, they find ways to grow and perform well despite what might be happening in the broader economy. He pointed specifically to Chipotle Mexican Grill, saying the restaurant chain can succeed even as the … Read more
A general view of Isfahan Refinery, one of the largest refineries in Iran and is considered as the first refinery in the country in terms of diversity of petroleum products in Isfahan, Iran on November 08, 2023. Fatemeh Bahrami | Anadolu | Getty Images The outbreak of a major conflict in the Middle East could … Read more
Stocks tumbled Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation. The Dow Jones Industrial Average slid 375.12 points, or 0.98%, to close at 38,085.80, weighed down by steep declines in Caterpillar and IBM. The S&P 500 dropped 0.46% to finish the session at 5,048.42, and … Read more
Traders work on the floor of the New York Stock Exchange during afternoon trading on April 9, 2024. Michael M. Santiago | Getty Images Stock futures fell sharply Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation. Futures tied to the Dow Jones Industrial Average fell … Read more
Meta Platforms on Wednesday evening delivered a solid quarter with sales, operating income, earnings, and cash flow all exceeding expectations on the back of a solid increase in engagement. The stock, however, dropped sharply in after-hours trading following some guidance concerns. Revenue in the three months ended March 31 rose 27% year over year to … Read more
