US stocks climbed for the fourth straight day Tuesday as strong earnings continued to pull the market closer to the record high it set in late January. Industrial companies rose and banks moved higher as interest rates increased. Gains for Microsoft and Google’s parent company, Alphabet, helped technology companies. Companies including Hertz, Etsy, and Mosaic climbed after their results surpassed ... Read More »
Despite some volatility, tech stocks are trouncing the broader market this year as top-performing tech funds score double-digit gains. ETFMG Prime Cyber Security (HACK) leads the pack with a 19.8% year-to-date gain through May 9, according to Morningstar Direct. That’s far ahead of the S&P 500’s 1.5% advance. The ETF lost 2% Friday, but remains just below its all-time highs. ... Read More »
Summary Intel has an attractive 3% dividend yield supported by a conservative 40% payout ratio. Despite the stellar dividend, and strong top-line growth over the past 18 months, Intel continues to lag the market, down 1.3% YTD. Today, Intel is one of the cheapest stocks on DJIA index stock, trading at just 13.4X P/E. Analysis We believe the market is ... Read More »
Take two of the hottest themes in the market, electric vehicles and new iPhones, and both lead you to a Korean tech company: Samsung SDI . The $11 billion company, 20% owned by Samsung Electronics , makes most of its revenue from batteries, yet the biggest profit driver in the next few years will come from something else, smartphone screens. ... Read More »
Stocks are taking broad losses Thursday, led by declines in technology companies. Cisco Systems dropped after issuing a disappointing sales forecast, and retailers were also weak as Walmart slumped. Bond prices rose, sending yields lower. KEEPING SCORE: The Standard & Poor’s 500 index dropped 25 points, or 1 percent, to 2,442 as of 1:50 p.m. Thursday on Wall Street. The Dow ... Read More »
U.S. stocks finished mostly higher Friday as investors scooped up battered energy shares, and technology stocks extended their recent advance, helping the main indexes close out the week on a positive note. The S&P 500 SPX, +0.16% rose 3.80 points, or 0.2%, to end at 2,438.30 with technology stocks up 0.7% and energy shares adding 0.8%. The Dow Jones Industrial ... Read More »
Getty ImagesIt was a gloomy day for crude oil. U.S. stocks finished lower Tuesday as investors dumped energy shares after crude-oil prices sank into bear-market territory. The S&P 500 SPX, -0.67% dropped 16.43 points, or 0.7%, to close at 2,437.03, with nine of the 11 main sectors trading lower. The energy sector was down 1.3%, topping the losers. Crude oil ... Read More »
New Delhi: Indian IT services company HCL Technologies on Friday said it has allotted over 84,000 equity shares under the 2004 Stock Option Plan, taking its paid-up share capital to 141 crore shares. In its filing to BSE, the company said the allotment had been done by its Employees Stock Option Allotment Committee on July 21, 2016. “Consequent on the ... Read More »
LinkedIn said on Wednesday Chief Executive Jeff Weiner will decline his 2016 annual stock compensation in order to pass it on to his employees at the professional social network. The move follows LinkedIn’s disappointing first-quarter revenue and profit forecast that missed Wall Street estimates last month as growth slows in the company’s ads business and its hiring services face pressure ... Read More »
Image Credit: Passion Images / Shutterstock.com The Asia-Pacific region has been picking up some of the slack we’ve been encountering lately within the technology merger and acquisition (M&A) landscape. While US capital markets are tightening, tech M&A activity in the Asia-Pacific region reached a three-year high during this first quarter. A growing number of early stage tech companies are setting ... Read More »
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