Financials Dominate in Q2 as Wall Street Slides Amidst Concerns on Tech - Earnings Scorecard
CrowdStrike Defect Affected 8.5M Devices, or Less Than 1% of All Windows Machines
US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.
Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.
Breaking Down T-Mobile US: 8 Analysts Share Their Views
8 analysts have shared their evaluations of T-Mobile US (NASDAQ:TMUS) during the recent three months, expressing a mix of bullish and bearish perspectives.In the table below, you'll find a summary
This Is What Whales Are Betting On AT&T
Whales with a lot of money to spend have taken a noticeably bearish stance on AT&T.Looking at options history for AT&T (NYSE:T) we detected 10 trades.If we consider the specifics of each trade, it
Oracle CEO Catz Steps Down From Disney's Board
Meta Data Changes ADS Ratio From 1 ADS Representing 2 Class A Shares To 1 ADS Representing 10 Class A Shares
Meta Data Changes ADS Ratio From 1 ADS Representing 2 Class A Shares To 1 ADS Representing 10 Class A
Meta's 34% Year-to-Date Surge and a 5% Stake in EssilorLuxottica Transform Ray-Ban Smart Glasses and Reshapes Its Stock Trajectory
Meta has purchased a 5% stake in EssilorLuxottica for 4.33 billion euros.Market analysts remain optimistic about the growth potential of Ray-Ban smart glasses as Meta continues to enhance its
Catalyst Watch: Earnings Deluge, Farnborough Airshow, Paris Olympics, and Trump Talks Crypto
Verizon and AT&T Q2 Earnings on Deck: Focus on Subscribers, Profit
Crude Oil Down 3%; Netflix Earnings Top Estimates
U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling more than 100 points on Friday.The Dow traded down 0.91% to 40,293.66 while the NASDAQ fell 0.70% to 17,746.27.
Netflix Analysts Praise Q2 Earnings, But Are Cautious On Advertising Growth: 'Slower Than NFLX Planned'
Streaming giant Netflix Inc (NASDAQ:NFLX) beat revenue and earnings estimates in the second quarter, but analysts have questions over long-term subscriber growth and slower than expected advertising
Alphabet, Dell And 2 Other Stocks Insiders Are Selling
The Nasdaq Composite dipped 0.70% during Thursday's session. Investors, meanwhile, focused on some notable insider trades.When insiders sell shares, it could be a preplanned sale, or could indicate
Meta Moves Ahead With Quest 4 VR Headset Despite Layoffs, Sets Release Date: Report
Despite recent layoffs in its Reality Labs division, Meta Platforms Inc (NASDAQ:META) is moving forward with ambitious plans for its virtual reality (VR) and augmented reality (AR) hardware.
S&P Big Tech ETF Paces Decliners as S&P 500 Heads Toward Worst Week Since April
Verizon Gives Heads up on Longer Wait Times at Stores After Massive Tech Outage
Evaluating Meta Platforms Against Peers In Interactive Media & Services Industry
In the ever-changing and fiercely competitive business landscape, conducting thorough company analysis is crucial for investors and industry experts. In this article, we will undertake a
Next week, Google and Tesla will dominate the fate of technology stocks in the USA.
With the help of generative AI, Google is expected to continue its strong growth from Q1 and cloud revenue in Q2 is expected to increase significantly by 25% year-on-year. Tesla's gross margin in Q2 may be lower than expected, and investors will focus on the latest news on FSD, Robotaxi, and energy storage.
Walt Disney Unusual Options Activity
Whales with a lot of money to spend have taken a noticeably bearish stance on Walt Disney.Looking at options history for Walt Disney (NYSE:DIS) we detected 9 trades.If we consider the specifics of
Netflix To Rally More Than 10%? Here Are 10 Top Analyst Forecasts For Friday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.Evercore