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Take a look at some of the biggest movers in the premarket: Oracle (ORCL) – Oracle earned $1.54 per share for its latest quarter, beating the consensus estimate of $1.31 a share. The business software company’s revenue topped estimates as well. The company forecast current-quarter profit below consensus, however, as it increases investment in its
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For long-term investors, Microsoft (NASDAQ:MSFT) is the gift that keeps on giving. Generations of market participants have bought and held MSFT stock to benefit from the company’s consistent, relatively de-risked growth. Source: NYCStock / Shutterstock.com I’m not going to pretend that Microsoft’s shares are ultra-cheap. As we’ll see, its stock price has appreciated quite a bit.
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For some strange reason, Reddit’s WallStreetBets embraced the short-squeeze of AMC Entertainment Holdings (NYSE:AMC). While its business is on the cusp of recovering, its earnings will not get anywhere near a level that justifies its valuation. Its market capitalization, which exceeded that of GameStop (NYSE:GME) at the end of last week, is most puzzling. For
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Hunter Horsley, CEO of Bitwise Asset Management and executives celebrate the launch of an ETF at the New York Stock Exchange, June 1, 2021. Source: NYSE Henry Kravis, Stanley Druckenmiller and Bridgewater CEO David McCormick have invested in Bitwise Asset Management’s Series B funding. The cryptocurrency index fund manager raised $70 million from a handful
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In a seismic blow to gun control advocates, Judge Roger Benitez, a nominee to the federal bench under former President George W. Bush, struck down California’s 32-year old assault weapons (AW) ban. Stating that the ArmaLite AR-15 represents “fairly ordinary, popular, modern rifles,” Benitez declared limiting such access to civilians unconstitutional. Naturally, this has huge implications
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A rapidly improving business is what most investors will see when they look at Canaan (NASDAQ:CAN) and its stock. Investors who dive into its Q1 earnings report will find lots of information indicating the Bitcoin (CCC:BTC-USD) mining machine manufacturer is on an upward trajectory.  Source: shutterstock.com/Jarretera I believe that’s generally how investors should look at
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CNBC’s Jim Cramer on Tuesday warned about the stock market implications of Federal Reserve Chairman Jerome Powell‘s upcoming post-meeting news conference. The Fed is set to release its policy statement at 2 p.m. ET on Wednesday, at the conclusion of its two-day June gathering. Powell’s Q&A session with reporters is scheduled to follow. Powell’s comments
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Check out the companies making headlines before the bell: Novavax (NVAX) – The drugmaker said its Covid-19 vaccine proved 90% effective overall in a late-stage trial, and 93% effective against the most predominant variants of the virus. It also provided 100% protection against moderate and severe disease. Novavax shares surged 10.4% in premarket trading. Lordstown
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Like any other smart investor, a mutual fund manager uses a variety of technical and fundamental indicators to assess the profitability of a stock before adding it to the fund’s portfolio. However, what really drives fund managers’ stock-picking decisions are the stated goals of the funds they manage. Different mutual funds are designed to achieve
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