U.S. stock futures pointed to a negative open on Friday as investors digested the latest comments from the Federal Reserve. As of 4:40 a.m. ET, Dow Jones Industrial Average futures were seen down by 79 points, indicating a negative open of -57 points. S&P 500 and Nasdaq futures were also in the red. The Fed
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The rise of exchange-traded funds has made entire groups of stocks “nothing but chits in a bizarre game of stock market roulette,” CNBC’s Jim Cramer said Thursday. “The FANG stocks — Facebook, Amazon, Netflix and Google, now Alphabet — are in 10 different ETFs, so on any given day, their movements tend to be driven
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Activision Blizzard shares plunged 10 percent in after-hours trading after reporting its third straight quarterly decline in monthly active users. The video game company, which owns the Call of Duty and World of Warcraft franchises, reported 345 million monthly active users, down from 352 million in the previous quarter. The video game company reported 52
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Dropbox shares rose more than 9 percent on Thursday after the maker of collaboration software reported better-than-expected third-quarter earnings. Here are the key numbers: Earnings: 11 cents per share, excluding certain items, vs. 6 cents per share as expected by analysts, according to Refinitiv. Revenue: $360.3 million, vs. $352.7 million as expected by analysts, according
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Shares of Yelp tanked after the company’s third quarter earnings report and guidance disappointed on Thursday. The stock was down by 30 percent in premarket trading Friday. The company reported revenue of $241 million for the quarter, just shy of analyst projections of $245 million. It also adjusted fourth quarter revenue guidance due to slower
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Walt Disney reported fiscal fourth-quarter earnings and revenue that easily topped analysts’ expectations on Thursday. Here’s how the company did compared with what Wall Street expected: Earnings: $1.48 per share vs. $1.34 per share forecast by RefinitivRevenue: $14.31 billion vs. $13.73 billion forecast by Refinitiv In the year-ago quarter, Disney reported adjusted earnings of $1.07
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D.R. Horton shares fell more than 10 percent after the largest U.S. homebuilder forecast first-quarter home sales below analysts’ estimates on Thursday, the latest sign that rising mortgage rates and higher home prices are weighing on the housing market. The weakness in shares also hit other homebuilders’ stocks. PulteGroup fell 6 percent, while Lennar was
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Roku shares fell 22 percent Thursday, their worst drop since the company had its IPO in September 2017, even though the company beat third-quarter earnings estimates on the top and bottom lines. One key metric that fell below expectations was platform revenue, which encompasses streaming advertising. Platform advertising is shaping up to be an increasingly
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Qualcomm beat analysts’ expectations for fourth-quarter revenue and profit on Wednesday, helped by demand from Chinese smartphone makers targeting emerging markets and a newer licensing model for its wireless technology that has soothed relations with some big customers. Shares of the company rose 1.5 percent in extended trading on Wednesday. Qualcomm is the world’s biggest
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“Every single new product we’ve launched is doing very well,” he added. Shares of the company were up 1.8 percent on Thursday morning. Total revenue, however, fell 14 percent in dollar terms to $5.34 billion and core earnings per share, which exclude some items, were down 37 percent to 71 cents, reflecting lower income from
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If CNBC’s Jim Cramer knows one thing about the United States Congress, it’s that “a house divided against itself can produce some amazing profits” for investors, he said one day after the 2018 midterm elections. On Tuesday, the Democratic Party regained control in the House of Representatives, while the Republican Party maintained its majority in
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Cisco Systems Inc.: “The CSCO kind should be bought right here. I’m telling club members of ActionAlertsPlus.com, ahead of next week’s big call, [to] buy, buy, buy! [CEO] Chuck Robbins is good.” Albemarle Corp.: “It had good numbers. It’s straight up. I still like it here. The numbers were terrific. Some people didn’t like the
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