CEO Tim Cook said the company’s supply chain woes are not as stringent for the quarter as against the September quarter.
In addition to the most recent decline, TSLA has dropped more than 21% since the year started.
Robinhood stock took a heavy beating following a massive reduction in the number of active users investing on the platform.
CEO Kwon Young-soo said that a 260 trillion won order backlog shows LG Energy’s possible growth.
Bill Ackman’s Pershing Square Capital acquires 3.1 million shares of Netflix despite the stock losing more than 40% valuations in a month’s time.
During the fourth quarter, Intel recorded a revenue of $20.5 billion and a full-year GAAP revenue of $79.0 billion, up 1% YoY.
Ripple has initiated the buyback on the heels of a successful year for the blockchain and remittance network, as it looks towards new offerings.
Microsoft had $36.77 billion in unearned revenue at year-end. This is below the StreetAccount consensus of $36.90 billion.
Growth stocks continue to stay under pressure as investors await the details of the two-day FOMC meeting. Banks and energy sectors pose recovery.
Credit Suisse noted that the hit will be partly offset by gains on real estate sales of approximately CHF 225 million.
With the trading winter officially here, Wilson pointed out that there has been so much damage done to many stocks, and based on this, investors will act wisely if they “hunker down for a few more months.”
US stock futures across the board early Tuesday morning continued to fall following a highly volatile trading session.
Such volatility is common when investors are waiting for corporate earnings results. In addition, investors are observing the Federal Reserve that is getting ready with a major policy decision to tighten monetary policy.
According to Jefferies, Netflix stock is now rating as hold, not buy. Besides, the company set a new price target for $415.00 expecting Netflix shares to rise by up to 7.19% within the next 12 months.
Despite the gains recorded as recanted, the S&P 500 is still down more than 7.5% in the year-to-date period, as it is set to close this month as its absolute worst since March 2020.