Wall Street is seeing a mass rotation from high-growth technology stocks into value stocks this week, leaving technology investors to wonder whether the sector is experiencing a short-term correction or something more sinister.
Kroger Co (ticker: KR) shares declined more than 16 percent Thursday after the company reported disappointing same-supermarket sales numbers for the first quarter of 2017 and lowered its full-year earnings guidance. Kroger reported quarterly earnings per share of 58 cents on revenue of $36.3 billion. Wall Street analysts were expecting EPS of $0.58 on revenue of $35.6 billion…
Stocks were set to open lower on Thursday, a day after the Federal Reserve announced a 0.25 percent interest rate hike that brought its target rate range to 1 to 1.25 percent.
Gun stocks Sturm Ruger & Co. (ticker: RGR) and American Outdoor Brands Corp. (AOBC) traded mostly flat on Wednesday after a gunman attacked a group of congressmen in Alexandria, Virginia, leaving House Majority Whip Steve Scalise and four others wounded. Market activity changed little after police assured the public that the lone suspect was in custody.
General Motors Co. (ticker: GM) has announced the production of 130 self-driving Chevrolet Bolt EVs at its Orion Assembly Plant in Detroit. The Bolt EVs will be joining GM’s existing fleet of over 50 driverless vehicles being tested out in various locations across the U.S., and GM investors are hoping the news represents a significant step toward…
Prior to a midday sell-off on Friday, Tesla Inc (TSLA) briefly passed BMW in terms of market share, staking its claim among the most valuable auto manufacturers in the world. Tesla is unique among most auto peers in that the majority of its market valuation comes from future projections rather than current production. Investors are…
Sears Holdings Corp (ticker: SHLD) announced Tuesday that is cutting 400 more jobs at its corporate offices in part of an ongoing $1.25 billion plan to return the struggling retailer to profitability.
Pandora Media Inc (ticker: P) got a much-needed cash infusion over the weekend, but it wasn’t the big buyout news that investors had been seeking. Pandora investors may not be getting the quick payoff they wanted, but the company is now free to aggressively invest in its core advertising business.
Apple Inc. (ticker: AAPL) led big-name tech stocks lower Monday after a downgrade by Mizuho Securities rattled investor confidence in the upcoming iPhone 8 cycle. Mega-cap technology stocks finished last week on a low note, and Apple continued the negative momentum on Monday after Mizuho analyst Abhey Lamba downgraded Apple from “buy” to “neutral” and wrote…
Amazon.com, Inc. AMZN 0.12%’s takeover bid for Whole Foods Market, Inc. WFM 0.33% sent grocery stocks tumbling, but it could be bad news for restaurant stocks as well. Following news of the Whole Foods buyout, a number of analysts discussed the potential for a pricing war in the grocery space that could trigger deflation in food prices.