Cadence Design Systems (CDNS), a maker of electronics design automation software, beat Wall Street’s second-quarter targets and its outlook for the rest of the year on Monday night. But CDNS stock fell in extended trading. X The San Jose, Calif.-based company earned an adjusted $1.22 per share on sales of $977 million in the June … Read more
NXP Semiconductors (NXPI) on Monday night topped analysts’ estimates for the second quarter on continued strong automotive chip sales. NXPI stock rose in extended trading. X The Netherlands-based chipmaker earned an adjusted $3.43 per share on sales of $3.3 billion in the June quarter. Analysts polled by FactSet had predicted NXP earnings of $3.28 per … Read more
Stocks rose to kick off the week as investors bided their time awaiting the start of a crucial earnings week and a key policy decision from the Federal Reserve. The Dow Jones Industrial Average (^DJI) led the way higher, surging 0.5% or more than 175 points – its 11th consecutive day of gains. The S&P … Read more
While the era of ultra-low interest rates may be coming to an end, the search for yield has become even more crucial. Growing companies such as Microsoft (MSFT) recognize the importance of increasing shareholder returns. So, for this purpose, consider a simple options trade with an MSFT stock-covered call strategy. X The current dividend yield … Read more
Boeing (BA) expects to release its second-quarter results early Wednesday amid signs of improving production and rising orders. Boeing stock rose near a buy point on Monday. X European rival Airbus (EADSY) is also due to report on Wednesday. Their jet engine supplier General Electric (GE) publishes its results on Tuesday before the opening. Dow … Read more
Alphabet (GOOG, GOOGL) will release its second quarter 2023 results on Tuesday after the market closes. Investors will be watching parent Google’s cloud growth, ad revenue and, of course, AI efforts. Here’s what Wall Street analysts expect from Alphabet’s key metrics, compiled by Bloomberg: Income: $72.75 billion expected EPS: $1.32 expected Google advertising revenue: $57.45 … Read more
Text size Apple publishes its results on August 3. Getty Images Apple just snagged two target increases in the stock price – and both analysts cited the tech titan’s personal computing business as a reason for their new projections. During the weekend, Wells Fargo is Aaron Rakers and German Bank ‘s Sidney Ho raised its … Read more
The Nasdaq 100 – one of the best-known and best-performing stock market indices – is rocked today. And some of the “Special Rebalancing” changes might surprise you. X The biggest surprise of all? One of the so-called “Magnificent Seven” stocks, Metaplatforms (META), is dodging pending changes, according to analysis by Bespoke Investment Group. Meta’s weight … Read more
