Month: July 2018

Ouch. Though the 0.58% setback the S&P 500 suffered on Monday wasn’t horrifying on the surface, somehow the complete decisiveness of the matter is daunting. Stalwarts like Twitter (NYSE:TWTR) and Facebook (NASDAQ:FB), both of which set the pace for the rest of the market, continued last week’s tumbles. There were some winners. Progenics Pharmaceuticals (NASDAQ:PGNX)
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Aerial view of the new Apple headquarters. Photo by Justin Sullivan/Getty Images Apple reports after the market closes on Tuesday. After a sharp upward move from around $160 to $185 in early May after it announced its March quarter results, the stock has been trading between $180 and $195 for almost three months. Going into
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The market’s favorite technology stocks are tanking as investors growing concerned over the companies’ ambitious growth targets following disappointing financial results from Facebook and Netflix this month. The NYSE FANG+ index is down more than 10 percent from its high of 3,062.88 in mid-June after its 2.7 percent drop Monday to the 2,737 level. FANG
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SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Thursday’s session are Lululemon Athletica Inc., Finisar Corp., and Target Corp. Lululemon Athletica LULU, +1.67%  is projected to report first-quarter earnings of 32 cents a share, according to a consensus survey by FactSet. “We believe, given the stock’s performance
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(Photo by Daniel Boczarski/Getty Images for MoviePass) Helios and Matheson Analytics, the holding company for the popular MoviePass subscription service, is in danger of being delisted from the NASDAQ after shares fell 60% today to close at $0.80. This follows desperate moves by the company to stay afloat last week by undergoing a 1-for-250 reverse split
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U.S. equities are struggling again on Monday, with high-beta technology names moving lower for the second straight session. The high-profile “FAANG” stocks are getting hit particularly hard in the wake of last week’s big disappointment and fall from grace by Facebook (NASDAQ:FB) — which is resulting in sympathetic selling as hedge funds exit positions. As
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U.S. stock futures are mixed heading into the open. Currently, Dow Jones futures are trading higher by the grace of Caterpillar (NYSE:CAT), which posted better-than-expected earnings this morning. The rest of the market is fighting the weight of geopolitical tensions and last week’s FAANG earnings scare from Facebook (NASDAQ:FB). There will also be a fair
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Cowen is more optimistic on AMD’s future gains in the server chip market after meetings with the company’s chief executive. The firm raised its price target for AMD shares to $25 from $21, predicting the chipmaker will report better-than-expected profits in 2019. The stock closed at $18.94 Friday. On Thursday AMD shares rose 14 percent,
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