Bernstein’s Steven Winoker and team contend that Brexit is “bad for all our companies it is just a matter of degree.” They explain why Tyco International (TYC), Idex (IEX), Danaher (DHR),Honeywell International (HON) and Emerson Electric (EMR) could feel some degree of pain:
While the direct revenue exposure to the UK is relatively small across....more>>>
Facebook (NASDAQ:FB) has long been a stock that I wanted to purchase for my portfolio but have never done it till now. A little over a month ago I wrote an article about how the company has missed on some metrics, and as a result, I was willing to purchase the stock at $115 if it ever fell to that level by writing the November put, but the stock never reached that level by the expiration date. So,....more>>>
A decent start for stocks on Wednesday quickly turned into red-alert session, with the selling prompted by nothing in particular … nothing other than a disinterest in buyers. The 0.84% tumble the S&P 500 took today left it at 2,249.92, hovering just a hair above a key technical support level.
Leading the bearish charge were Fitbit Inc (NYSE:FIT), Twilio Inc (NYSE:TWLO) and Nvidia....more>>>
BlackBerry’s (NSDQ:BBRY)turnaround has been moving at snail’s pace. In that context, BlackBerry’s deal with Ford (NYSE:F) to expand usage of its QNX software in the latter’s line of connected cars was welcome news. Many see BBRY’s focus on automotive technology as a potential profit center. Norwegian security firm, Promon, recently gave a demonstration of howTesla (NSDQ:TSLA)....more>>>
A little more than a month ago, the world was falling apart and everyone was wondering how much further the market could fall. Today, the Dow Jones Industrial Average broke into positive territory for the year.
Associated Press/Richard Drew
The Dow Jones Industrial Average gained 155.73 points, or 0.9%, to 17,481.49, putting it up 0.3% for 2016. The S&P 500 rose 0.7% to....more>>>
Yesterday, Tesla Motors (TSLA) announced that all cars being produced now had the hardware necessary to be completely self driving. The stock, however, has dropped nearly 2%. Barclays analyst Brian Johnson and team explain why the announcement isn’t necessarily good news:
JOHANNES EISELE/AFP/Getty Images
While we appreciate that the new hardware may in fact be capable....more>>>
Intel Corp. (NASDAQ: INTC) shares sawa handy gain to close out the week after the company raised guidance for its third quarter. This increase is primarily driven by replenishment of personal computer (PC) supply chain inventory. Intel is also seeing some signs of improving PC demand.
The company now expects third-quarter revenue to be $15.6 billion, give or take $300 million, versus the....more>>>