With the highly anticipated release of the iPhone 8 only months away, investors shouldn’t get too hung up on Apple Inc. AAPL’s second-quarter results. Shares initially dropped 5 percent after Apple reported earnings. According to Argus analyst Jim Kelleher, Apple dip buyers made the right move.
President Donald Trump is proposing aggressive tax cuts that would lower the U.S. corporate tax rate from 35 percent down to 15 percent. In addition, Trump is also proposing a one-time repatriation tax holiday to allow U.S. companies to bring overseas cash back into the country at a tax rate of only 10 percent.
Shares of cloud platform company Twilio Inc (ticker: TWLO) fell more than 26 percent Wednesday after the company lowered its 2017 guidance. While a guidance cut is never good news for investors, Twilio’s problems can be traced to a single source: the ride-sharing service Uber.
Ford Motor Co. (ticker: F), General Motors Co. (GM) and Fiat Chrysler Automobiles (FCAU) all reported April U.S. sales on Tuesday, and the numbers weren’t good. The auto stocks all initially plunged between 3 and 5 percent on further evidence the auto market is on the decline.
Advanced Micro Devices, Inc. (ticker: AMD) has been one of the hottest stocks in the market in recent years. However, since the launch of the company’s Ryzen desktop central processing unit in early March, AMD stock is now down more than 25 percent.
Tech investors and analysts understand that artificial intelligence will likely drive the next era of technological advancement. But while investors are waiting for technology leaders to fine-tune true AI and machine learning capabilities, Loup Ventures recently put three of today’s most popular digital assistants to the test to see which company’s service is meeting the…
Congress appears to have avoided a potential government shutdown by agreeing to terms on a spending bill that would fund the government through September. But while a spending deal removes uncertainty from the stock market, Caterpillar Inc. (ticker: CAT) and other infrastructure companies are wondering when President Donald Trump is going to follow through on…
Netflix, Inc. (ticker: NFLX) has increased its market capitalization by more than tenfold in the past five years by delivering incredible revenue growth and impressive returns for investors. And according to new projections from a Rosenblatt analyst, Netflix still has plenty of growth ahead.
This week, IAC/InterActiveCorp IAC agreed to a $500 million buyout of Angie’s List Inc ANGI worth at least $8.50 per common share. However, Angie’s list shares are up another 8 percent on Wednesday to $10.27, well above the value of the potential buyout price.
There’s an old Wall Street adage that says the best time to buy is when there’s blood in the streets. For United States Steel Corporation X investors, the streets have gotten pretty darn bloody.