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US stocks (^DJI,^GSPC, ^IXIC) are trading lower, with Big Tech leading the pullback after Meta (META) and Microsoft (MSFT) earnings fed into concerns about artificial intelligence (AI) spending. US SPDR Business at State Street Global Advisors chief investment strategist Michael Arone joins Market Domination Hosts Alexandra Canal and Josh Lipton to discuss his outlook for the Big Tech sector. “What's been happening is that these companies continue to beat on top and bottom line, yet their forecasts just aren't good enough given how far they've come from a price-performance perspective and where their valuations are,” Arone tells Yahoo Finance. The strategist adds, “I do expect this [Big Tech pullback] to continue to unfold, given some of the risks." For more on Arone’s expectations for Big Tech stocks and how to navigate the pullback, watch the video above. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan...
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Amazon.com, Inc. (NASDAQ:AMZN) Q3 2024 Earnings Call Transcript October 31, 2024 5:00 PM ETCompany ParticipantsDave Fildes - VP of IRAndy Jassy - CEOBrian.....
Continue ReadingThis online retail stock is in a base and near a buy point as the company's earnings report looms...
Continue ReadingAmazon (AMZN) reported third quarter results that topped Wall Street estimates on both the top and bottom lines. The company posted earnings of $1.43 per share compared to a Bloomberg consensus estimate of $1.16. Net sales were $158.9 billion versus the expected $157.29 billion. AWS revenue net sales were $27.45 billion compared to a $27.49 billion estimate. For Q4, Amazon sees net sales in a range of $181.5 billion to $188.5 billion. Wall Street was expecting $186.36 billion. It sees operating income in a range of $16.0 billion to $20.0 billion versus the estimated $17.49 billion. Yahoo Finance Senior Reporters Alexandra Canal, Jared Blikre, and Josh Schafer break down the tech giant's results in the video above. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Stephanie Mikulich...
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The tech-heavy Nasdaq Composite (^IXIC) closed Thursday over 2.7% lower, the S&P 500 (^GSPC) not too far behind with a session loss of 1.86%. Tech sector worries seem to have been revived coming off Meta Platforms (META) and Microsoft's (MSFT) latest earnings print and ahead of Amazon (AMZN) and Apple's (AAPL) results due out after the close. Yahoo Finance markets and data editor Jared Blikre joins Alexandra Canal and Josh Schafer on Market Domination Overtime to examine bond market trends (^TYX, ^TNX, ^FVX) and losses from Magnificent Seven tech leaders. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan...
Continue ReadingShares of Intel jumped Thursday after the company said it anticipates better than expected revenue for Q4...
Continue ReadingPeloton raised profit guidance for the full year after beating revenue estimates for its fiscal first quarter. The bike, treadmill and rowing machine maker also said it has appointed Peter Stern, a Ford executive and the co-founder of Apple Fitness+, to be its next CEO. Stern takes the reins at Peloton on Jan. 1...
Continue ReadingThese dominant tech firms have long been leaders in the internet age...
Continue ReadingUS Equities Markets End Lower Thursday Ahead of Apple, Amazon Earnings...
Continue ReadingWe recently compiled a list of the 10 Best S&P 500 Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other S&P 500 stocks. As per AXA Investment Managers, the US dominated financial markets this year. The investment firm believes that […]...
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