The news just keeps getting worse for Twitter Inc TWTR 0.14% shareholders after the battered stock crashed another 15 percent on disappointing Q1 earnings. Twitter’s numbers were actually atypical this quarter, with the company reporting better-than-expected monthly active user (MAU) numbers and disappointing revenue.
The market was clearly not impressed by Apple Inc. AAPL 1.15%’s Q1 earnings report, as the stock was down more than 7.1 percent in Wednesday morning trading. However, Citi analyst Jim Suva sees both positive and negative takeaways in Apple’s Q1 numbers.
The market clearly is not impressed by Apple Inc AAPL 1.15%’s Q1 earnings report, and the stock of the world’s largest company is down 6 percent in Wednesday’s session. But Apple’s ecosystem is so large that its earnings impact a whole slew of suppliers as well.
Tom McClellan sees some major red flags that the stock market may be headed much lower in coming weeks. According to McClellan, the number of shares outstanding in the iPath S&P 500 VIX Short Term Futures TM ETN VXX 3.38% has been an excellent leading indicator for the S&P 500 lately, and the most recent…
Morgan Stanley believes the negative catalysts underlying its bearish thesis on National-Oilwell Varco, Inc. NOV 8.88% have played out, and the firm has upgraded the stock from Underweight to Overweight. Analyst Ole Slorer believes the market should shift its focus to the company’s $4 EPS potential.
Bank of America has downgraded Capital One Financial Corp. COF 1.34% from Neutral to Underperform, saying the company’s lackluster Q1 performance is more than just disappointing – it’s sloppy. Analyst Kenneth Bruce said uncertainty is likely going to limit the upside for Capital One until the company straightens things out.
Shares of Santander Consumer USA Holdings Inc SC 1.79% briefly spiked as high as $12.19 early Tuesday, and over $14 in the pre-market session.
Apple Inc. AAPL 1.15% has recently been laying off around 100 contract and full-time recruiters, but Global Equities Research analyst Trip Chowdhry believes this is just the tip of the iceberg for Apple layoffs. Chowdhry estimates that Apple will cut between 25,000 and 30,000 of its 115,000 employees by the end of 2016.
Moneyball Economics’ Andrew Zatlin said the latest semiconductor numbers are another sign that the global economic slowdown will continue. Zatlin sees the semiconductor industry as the best leading indicator of overall U.S. economic strength.
The latest data from TickerTags indicate there has been a clear winner in the three-horse race among publicly traded luxury handbag makers on social media in the past year. Social media buzz surrounding luxury handbags has surged in the past year, but the majority of the chatter growth has gone to Kate Spade & Co…