In November, investors have a range of opportunities across technology, healthcare, energy, and telecommunications with Microsoft, Amazon, Pfizer, Exxon Mobil, and Comcast. Microsoft and Amazon lead in cloud computing and e-commerce, while Pfizerâs growth is driven by strong COVID-related product sales. Exxon Mobilâs steady cash flow and investments in sustainability bolster its resilience in energy, and Comcastâs revenue gains from the Olympics and connectivity expansions enhance its media and telecom presence. These diverse stocks offer both growth and income potential, highlighting the value of a well-rounded portfolio in a shifting market.
In a surprise business update on Monday, Walmart revealed guidance for adjusted earnings per share to fall between 8% and 9% for the second quarter and around 11% and 13% for the full year, sending shares down 9% in U.S. premarket trading.
Last week, shares of Verizon Communications Inc. (NYSE:VZ) plunged to their biggest drop in 14 years after the company said cash-strapped customers and stiffer competition would pressure its business through the end of the year.
On Monday, International Business Machines, better known as IBM, reported better-than-expected quarterly revenues, rising 9% year-over-year to $15.5 billion on strong demand for the company's AI and hybrid cloud products.
Snap Inc. painted a grim picture of a weakening economy Thursday after the company posted poor quarterly results and warned of an uncertain outlook which caused concern that rising inflation and other economic woes could cause brands to slash their marketing budgets.
On Tuesday, Netflix, whose stock has had a rough 2022, said it had lost fewer subscribers in the second quarter than previously anticipated, sending shares up 8% in after-hours trading.
Electric-vehicle leader Tesla on Wednesday reported quarterly earnings after the bell that beat analysts' expectations again. Despite facing several challenges, including limited production and shutdowns in Shanghai for the majority of the second quarter, Tesla reported revenues of $16.93 billion.
On Tuesday, Electric vehicle startup Canoo Inc. signed a definitive agreement with Walmart to buy at least 4,500 of its upcoming electric delivery vans, a significant win for the embattled vehicle maker.
The Wall Street Journal reported Thursday that Elliott Management Corp., known for its activist investments, has taken a major stake in Pinterest Inc., citing people familiar with the matter.
The entertainment company, Walt Disney, said it is significantly raising the price for its ESPN+ service next month, an increase of 43% from $6.99 per month to $9.99.
On Tuesday, Peloton Interactive said it plans to exit all of its in-house manufacturing of its bikes and treadmills and move production to partners as it works to simplify operations and reduce costs.
On Friday, the world's wealthiest man Elon Musk, submitted a filing to terminate its $44 billion takeover deal of Twitter Inc., citing continued disagreements over the number of spam accounts on the platform.
After much-awaited vehicle production and delivery figures, Rivian Automotive said Wednesday it manufactured 4,401 electric vehicles at its Illinois plant in the second quarter.
According to a report by Wall Street Journal, the video streaming giant, Netflix Inc., is interviewing candidates to lead its upcoming ad-supported tier of services.
In a bid to turn around a business struggling to shift gaming demands and market uncertainty, GameStop announced its finance chief is leaving the company amid plans for corporate job cuts.
On Friday, General Motors offered lackluster guidance for its second quarter as continued supply chain disruptions impact its wholesale volumes.
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