If you’re a Microsoft (NASDAQ:MSFT) shareholder, you are probably fairly happy about the performance of Microsoft stock during the October correction, since MSFT stock outperformed most other tech names last month. Microsoft stock fell 6.6% in October compared to 41.1% and 25.0% for Advanced Micro Devices (NASDAQ:AMD) and Nvidia (NASDAQ:NVDA) respectively. Although Amazon (NASDAQ:AMZN) is
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When Qualcomm (NASDAQ:QCOM) reports its earnings after the market closes on Nov. 7, analysts are expecting ho-hum results. Earnings of 82 cents a share on revenues of $5.53 billion are roughly in line with the June numbers. There are hopes for 89 cents, but that’s irrelevant to the investment case for QCOM stock. The investment
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Nobel laureate Robert Shiller isn’t using midterm election patterns to help construct his latest market forecasts. The Yale University economics professor sees this electionas an expression of voter confidence about President Donald Trump. He suggests it’s unwise to use the vote as way to predict economic and market trends. “This is a very different midterm
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Although President Donald Trump frequently derides The New York Times as “failing,” his criticisms have given the newspaper a boost. “This is one of those situations where all publicity is good publicity,” said CNBC’s Jim Cramer. “Every time Trump criticizes the Times, he’s making it more relevant, and I think that translates directly into more
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Check out the companies making headlines after the bell: E.L.F. Beauty shares soared 22 percent during after-hours trading as the beauty company beat estimates in its quarterly earnings Monday. The company reported earnings of 17 cents per share, while analysts estimated 8 cents a share. The company also beat on revenue, reporting $63.9 million versus
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Shares of cybersecurity firm Symantec have fallen nearly 30 percent this year, but CNBC’s Jim Cramer thinks that it’s worth taking a second look at the beaten-down stock. In August, hedge fund Starboard Value invested $670 million into Symantec and nominated five new board members. Starboard Value has “a really consistent long-term track record,” Cramer
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When the polls close Tuesday night, stock strategists expect to see a Republican Senate and a Democratic House — and a still bullish scenario for stocks. That’s because a split Congress would cause old-fashioned gridlock, viewed as a positive by markets as Congressional efforts to enact or reverse legislation are stymied. Bank of America Merrill
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Investors should buy shares of Teva Pharmaceutical Industries as the company’s turnaround picks up steam, Morgan Stanley analyst David Risinger said Monday. Risinger upgraded the stock to overweight from equal weight. He also hiked his price target on the stock to $27 a share, implying a 19.5 percent upside from the stock’s close on Friday.
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Tech’s all over the place right now. And so is the chip sector. The broader market selloff has hit chip stocks where it hurts. This is especially so because the chip sector has significant international exposure. “Quite frankly, this isn’t a place you’d want to hide in a trade war, since 90 percent of the
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There are two ways to look at the recent price action in Amazon (NASDAQ:AMZN) stock. Amazon stock has bounced over 10% in the last few sessions, but that followed a 28% plunge in the stock from its early September highs above $2,000 to a six-month low below $1,500. From one standpoint, the sell-off seems like a
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