Why Apple's 'blowout' earnings aren't boosting its stock much
Apple Inc.'s stock isn't getting much love from investors even after the company delivered what one analyst described as "blowout" results for its March quarter. Shares of the smartphone giant were down 0.7% in midday Thursday trading, reversing course after earlier gains of as much as 2.6%, following a fiscal second-quarter report in which Apple AAPL, +0.45% easily topped expectations across all of its product categories, with surging demand for the new iPhone and continued strong momentum for the iPad and Mac businesses amid the remote-work boom. More...
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AMD CEO Lisa Su: 'This is a very unique time in the semiconductor market'
Yahoo Finance AMD CEO Lisa Su: 'This is a very unique time in the semiconductor market' Brian Sozzi Brian Sozzi·Editor-at-Large Thu, April 29, 2021, 1:22 PM EDT INTC +0.99% HPQ +1.11% HPE +1.58% AMD -0.46% +4 AMD CEO Lisa Su is staying very bullish on the outlook for the semiconductor industry as more workloads move into the cloud and workers embrace the hybrid workplace lifestyle. Sweetening the case fo the chip space: strong pricing power amid the ongoing shortage of chips that is roiling from global auto production to e-cigarette manufacturing. Read more...
Stock market news live updates: Stocks drift after hitting record highs as traders eye Biden's plans, earnings
Stocks pared some gains after hitting record levels as investors considered a batch of stronger-than-expected earnings results from major companies and a sweeping set of proposals from President Joe Biden aimed at revamping the country's infrastructure and supporting families, children and students. The S&P 500 lost some steam after jumping to a record high of more than 4,200 just after market open. The Dow hugged the flat line, erasing gains of as... Article continues...
Amazon Would Need a Pretty Big Split to Get Into the Dow Average
Vildana Hajric and Claire Ballentine Thu, April 29, 2021, 12:26 PM ^DJI +0.50% AMZN +0.25% (Bloomberg) -- It's a speculation that often blows up around earnings season: now would be a good time for Amazon.com Inc. to split its shares, as a prelude to getting into the Dow Jones Industrial Average. One byproduct of the stock's relentless surge is that it would take a big split to pull it off.... Click to continue reading this article...
Dow Rallies, Tech Stocks Slide As Apple Breakout Fades; Tesla Skids Again, While Nio, Twitter Set To Report
The Dow Jones Industrial Average again turned higher Thursday, as Apple stock tried to break out past a new buy point on blowout earnings results. Tech giant Facebook surged on earnings, while Tesla rival Nio and Twitter are set to report earnings after the close. More here...
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