AutoZone, Inc. (ticker: AZO) shares plummeted 9 percent following the company’s fiscal third quarter earnings report miss on Tuesday morning. AutoZone’s numbers were so disappointing to investors that several other auto parts stocks are trading down sharply as well.
Hollywood filmmakers’ ultimate goal has always been to make the audience forget it is watching a projection on a flat screen and instead feel like it is experiencing a story firsthand. For the film industry and investors alike, virtual reality may be the golden ticket to the next era of the movie industry.
Ford Motor Co. (ticker: F) shares traded higher by more than 1.3 percent on Monday morning after the company announced it would replace CEO Mark Fields with the head of its autonomous vehicles department, Jim Hackett. Ford and its investors are hoping Hackett can turn around Ford’s slumping profits and pave the way to a…
Customer loyalty among iPhone users may be peaking at the perfect time for Apple Inc. (ticker: AAPL) investors. A new survey by Morgan Stanley suggests Apple may take a huge bite out of its competitors’ market shares when it releases the highly-anticipated 10-year anniversary iPhone model later this year.
Foot Locker, Inc. (ticker: FL) is the latest retail stock to fall victim to a challenging market. On Friday morning, the footwear retailer’s earnings and sales fell short of market expectations, sending the stock tumbling more than 16 percent. But Foot Locker may have more reason for optimism than most retailers.
Tesla Inc (ticker: TSLA) is the presumptive leader in driverless automobile technology. However, a new deal between Alphabet Inc (GOOG) (GOOGL) and ride-hailing startup company Lyft could be a sign that competition is heating up in the non-traditional auto industry.
Alibaba Group Holding Ltd (ticker: BABA) reported its strongest revenue growth on Thursday morning since its initial public offering, but investors took the opportunity to lock in some gains after the stock’s tremendous 2017 run.
Shares of Cisco Systems, Inc. (ticker: CSCO) stock are opening nearly 8 percent lower Thursday after the company reported its sixth consecutive quarter of declining revenues, and its forward guidance fell short of market expectations.
Target Corporation (ticker: TGT) provided U.S. retail investors with a rare bit of good news this earnings season when the company reported impressive earnings, topping Wall Street expectations for first-quarter earnings, revenue and same-store sales. Management also says it is committed to investing $7 billion in re-shaping the business over the next three years.
While most of the U.S. economy is firing on all cylinders, the auto industry appears to be spinning its wheels. Ford Motor Company (ticker: F) announced this week that it plans to cut 10 percent of its global workforce, and investors are trying to figure out what to do with Ford’s stock.