Investing

David Paul Morris | Bloomberg | Getty Images A technician inspects a 300mm silicon wafer at the Applied Materials Maydan Technology Center in Santa Clara, California. Semiconductor stocks have soundly outperformed the market for years, but Morgan Stanley is now warning the red-hot sector has topped out. The firm lowered its rating to cautious from
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Check out the companies making headlines before the bell: Viacom – The media company reported adjusted quarterly profit of $1.18 per share, 11 cents a share above estimates. Revenue was essentially in line with forecasts, but was down about 3.7 percent from a year earlier due to a drop in ad sales and cable fees.
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Shares of Vitamin Shoppe soared 32.1 percent at $10.70 per share on Wednesday after the company reported better-than-expected earnings for its second quarter. The nutritional supplement company reported adjusted earnings of 31 cents per share versus the 5 cents per share consensus estimate from analysts, according to Thomson Reuters. Vitamin Shoppe’s digital commerce sales increased
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Shares of Office Depot jumped on Tuesday after the company reported better-than-expected earnings per share and revenue for its second quarter. Shares closed up 13.5 percent at $2.86 per share after the Boca Raton, Florida-based retailer reported adjusted earnings of 5 cents a share, beating analysts’ average estimate of 4 cents a share. Office Depot
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Crocs shares tumbled on Tuesday after it announced its chief financial officer would step down from that role this month and leave the company next year. Shares closed down 2.65 percent at $17.64 per share after dipping as much as 9 percent in morning trading, after Crocs said Carrie Teffner, executive vice president and CFO
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Berkshire Hathaway Class B shares are jumping after Warren Buffett’s company reported better-than-expected profits for its second quarter. The conglomerate posted June quarter operating profits of $4,190 per Class A share, up 67 percent year over year and higher than the analyst consensus of $3,387 per share, according to Thomson Reuters. J.P. Morgan reiterated its
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Source: John Phelan | Wikimedia Commons Webster Bank branch in Hamden, CT Webster Financial shares will thrive due to strong growth from its commercial banking and health savings account businesses, according to J.P. Morgan. The firm reiterated its overweight rating for Webster Financial’s stock and added it to J.P. Morgan’s focus list, predicting the bank will
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“Our view that cryptocurrencies would not retain value in their current incarnation remains intact and, in fact, has been borne out much sooner than we expected.” Mossavar-Rahmani said. Goldman is the latest global investment bank to take the view that cryptocurrency is neither a medium of exchange, “nor a unit of measurement, nor a store
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Morgan Stanley’s Michael Wilson believes the stock market is entering a destructive phase. “The Nasdaq could correct by 15 percent plus, the S&P 500 probably goes down about 10 [percent],” the firm’s chief U.S. equity strategist said Thursday. His comments came on CNBC’s “Trading Nation,” where he was speaking publicly on Monday’s correction warning research
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CNBC’s Jim Cramer gives billionaire entrepreneur Elon Musk high marks for recognizing the need to apologize to the Tesla analysts he dissed three months ago. On Wednesday’s post-results conference call, Musk said, “My apologies for not being polite on the prior call.” The Tesla co-founder and CEO also promised future profitability, after the electric automaker
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Check out the companies making headlines before the bell: Pfizer – Pfizer reported adjusted quarterly profit of 81 cents per share, 7 cents a share above estimates. Revenue also beat forecasts. Its results were helped by stronger sales of drugs like its arthritis treatment Xeljanz and pneumonia vaccine Prevnar. Procter & Gamble – The consumer
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