After another up day for Alibaba Group Holding Ltd (NYSE: BABA) and a down day for Amazon.com (AMZN) on Tuesday, Alibaba is within about $5 billion of eclipsing Amazon’s $474 billion market capitalization and reclaiming its title as the largest e-commerce company in the world.
It’s no secret the U.S. retail industry has been under pressure in 2017. However, Wal-Mart Stores Inc (NYSE: WMT) has been fighting tooth and nail against Amazon.com, Inc. (AMZN) and other competitors, and its latest guidance indicates the company – and WMT stock itself – is holding its own.
In its latest attempt to avoid bankruptcy, Sears Holdings Corp. (Nasdaq: SHLD) has reached back into the pockets of CEO Eddie Lampert once again to secure a $100 million loan. Unfortunately for Sears investors, the company’s latest desperate injection of capital to make it through the critical holiday shopping season does little to change its bleak long-term outlook.
Not even Costco Wholesale Corporation (Nasdaq: COST) could escape the difficult U.S. retail sales environment in the most recent quarter.
Netflix, Inc. (Nasdaq: NFLX) is once again raising the monthly price of its most popular streaming subscription packages. Netflix stock jumped more than 5 percent on Thursday on investor optimism that the price hike will help Netflix boost free cash flow as it continues to beef up its content library.
With a market capitalization of more than $500 billion, Microsoft Corporation (Nasdaq: MSFT) is one of the largest technology companies in the world. But despite its massive size, Canaccord Genuity analyst Richard Davis says Microsoft’s revenue growth may soon start to accelerate once again.
OLED screens, facial recognition software, wireless charging capabilities and augmented reality features are just a handful of the technological advancements featured in the Apple, Inc. (Nasdaq: AAPL) iPhone 8, iPhone 8 Plus and iPhone X models.
PepsiCo Inc. (NYSE: PEP) investors got the earnings beat they were hoping for on Wednesday, but the stock is trading down after quarterly revenue fell short of analyst expectations. North American beverage sales continued to weaken, and its snack business was unable to pick up the slack.
The Standard & Poor’s 500 index is off to a strong start to the week, up another 0.6 percent to new all-time highs. While fresh highs have been a routine occurrence throughout the eight-year-old bull market, a handful of familiar names are conspicuously absent from the recent rally.
Berkshire Hathaway Inc. (BRK.A, BRK.B) announced Tuesday that the company is taking a 38.6 percent equity stake in Pilot Travel Centers, the largest travel center operator in North America. The Haslam family will maintain its 50.1 percent majority ownership stake in the company, and owner Jimmy Haslam will maintain his position as CEO.