Wall Street Weighs In On Adobe’s Mixed Earnings Report
Adobe Systems Incorporated ADBE 0.54% shares dipped more than 3 percent Wednesday after the company’s third quarter earnings report disappointed the market.
Adobe Systems Incorporated ADBE 0.54% shares dipped more than 3 percent Wednesday after the company’s third quarter earnings report disappointed the market.
Apple Inc. AAPL 0.98% stock is down more than 2 percent Wednesday after Rosenblatt Securities released note suggesting iPhone 8 preorders are relatively weak compared to market expectations, as well as poor reviews of the new Apple Watch.
In case you have been living under a rock the past couple of years, T-Mobile US Inc TMUS 1.06% and Sprint Corp S 6.1% are considering a merger. The latest rumors started this week when a person familiar with the matter told reporters that SoftBank Group is willing to give up its majority ownership of Sprint.
Tesla Inc TSLA 4.2% investors consider the company the leading name in driverless vehicle technology. However, Bernstein analyst Max Warburton believes the driverless technology gap between Tesla and its German counterparts is smaller than most people realize.
The normal trading hours for the New York Stock Exchange and the Nasdaq are 9:30 a.m. EST to 4:00 p.m. EST. However, stocks continue to move outside of those normal hours in both pre-market and post-market trading sessions. However, traders should be extra careful about those low-volume extended hours moves.
Susquehanna just released its quarterly report on the semiconductor industry, and the latest numbers indicate Advanced Micro Devices, Inc. AMD 0.82% and Marvell Technology Group Ltd MRVL 0.89%have been the two big winners of the past quarter.
Add another big name to the bitcoin bubble camp. On Tuesday, Bridgewater Associates founder Ray Dalio told CNBC there’s no reason bitcoin prices should be as high as they are.
Short seller GlassHouse Research has accused medical device company NuVasive, Inc. NUVA 0.66% of “irregular accounting” practices and says the stock has more than 50 percent downside.
After a tough start to 2017 for Michael Kors Holdings Ltd KORS 0.52% and the rest of the U.S. retail sector, retail stocks have been on the comeback trail in recent weeks. But even with Michael Kors shares up more than 33 percent in the past three months, Oppenheimer analyst Anna Andreeva said Tuesday there is still plenty of upside for Kors.
Despite some bumps in the road, digital currency bitcoin made a major recovery off of Friday’s lows, gaining back more than $1,000 in price.