Shares of toymaker Hasbro, Inc. (ticker: HAS), maker of the iconic Monopoly board game, Easy-Bake Ovens and other brands, immediately fell 8 percent after the company reported earnings and revenue beats in the second quarter.
The next generation of technological advancement will be focused heavily on unlocking the power of artificial intelligence. But investors who are looking to profit off of the AI boom don’t necessarily need to be looking for early-stage tech companies developing cutting-edge AI software.
General Electric Co. (GE) reported earnings and revenue that topped Wall Street’s expectations on Friday morning, but both numbers were down significantly from a year ago. GE stock, which has lagged the market over the past decade, traded lower by more than 4 percent in early trading.
Microsoft Corporation (ticker: MSFT) closed out its fiscal 2017 year on Thursday by reporting fourth-quarter revenue and earnings beats. Microsoft’s transition to a subscription-based cloud services compay appears to be going smoothly, with the tech giant reporting strong growth numbers in key segments.
Philip Morris International Inc. (ticker: PM) shares dipped more than 2 percent in early Thursday trading after the international tobacco giant reported disappointing second-quarter earnings and another quarter of declining cigarette sales volumes.
T-Mobile US Inc. (ticker: TMUS) is poised for a good day on Wall Street Thursday. The company’s stock is up 4 percent in pre-market trading after T-Mobile reported second-quarter earnings, revenue and net additions that easily topped Wall Street’s expectations.
Morgan Stanley (ticker: MS) reported second-quarter earnings and revenue beats Wednesday, but its trading business impressed investors the most. With relatively low volatility in global financial markets in recent months, big banks have struggled to find trading opportunities, but Morgan Stanley’s trading business held up relatively well.
International Business Machines Corp. (ticker: IBM) investors are getting tired of waiting for the company’s bright future to finally arrive. On Tuesday afternoon, IBM reported its 21st consecutive quarterly revenue decline after years of heavily investing in initiatives targeting cloud computing and artificial intelligence.
United Continental Holdings Inc (ticker: UAL) reported second-quarter earnings and revenue beats on Tuesday afternoon, but the stock’s share price is losing altitude. Despite positive unit revenue growth and optimistic commentary from management, investors were disappointed with United’s initial guidance for the third quarter.
Tesla Inc. (ticker: TSLA) CEO Elon Musk has earned quite a reputation for speaking his mind throughout the years. This weekend, Musk opened his mouth about Tesla stock’s valuation and cost shareholders $1.3 billion in market capitalization.