There is a lot of noise in the stock market. Every day, discrete events send stocks up and down. These discrete events can be company-specific, like earnings reports, murmurs about mergers and acquisitions, analyst upgrades and downgrades, or investor presentations. Those discrete events can also be macro-related, including economic data or geopolitical news.
Early Wednesday morning, Chinese social media giant Weibo (NASDAQ:WB) reported results for the first quarter of 2018. Despite a $10 million revenue headwind related to changes in GAAP accounting policies, the company posted a 76% year-over-year sales jump while earnings more than doubled.
Some of the stocks that may grab investor focus today are:
Wall Street expects Celgene Corporation (NASDAQ: CELG) to report quarterly earnings at $1.96 per share on revenue of $3.46 billion before the opening bell. Celgene shares rose 1.87 percent to $87.00 in after-hours trading.
Weight Watchers International, Inc. (NYSE: WTW) reported stronger-than-expected results for its first....More>>>
China e-commerce giant Alibaba Group Holding Ltd. (NYSE: BABA) is scheduled to report fiscal Q4 2018 earnings before market open on Friday, May 4. Heading into earnings, the stock remains a ways below its all-time high of $206.20 it hit at the end of January.
This will be the first quarter where BABA will not receive 37.5 percent of Ant Financial’s, pre-tax profits. That deal ended....More>>>
Despite pulling back a bit in the past week, the U.S. broad markets still are up 3% or so in the past month. Not to say that this has been entirely the result of earnings, but its been a big help, along with a strong push in crude oil as well. If we continue to see solid fundamentals from company earnings, markets should continue to rise.
24/7 Wall St. has put together a preview of some of....More>>>
U.S. stock futures are headed higher this morning. Wall Street bulls are extending yesterday’s late-session rally into this morning, as trade war fears begin to ease. Traders appear more focused on looming first-quarter earnings season rather than the new Chinese tariffs.
Against this backdrop, Dow Jones Industrial Average futures are up 0.28%, S&P 500 futures have added 0.47% and....More>>>
Financial analyst: It’s time to cut up Yahoo! Embattled CEO Marissa Mayer believes that a leaner, more focused Yahoo is the solution to its growth problems.
Yahoo announced a massive, $4.4 billion loss last quarter and said it will lay off 15% of its workforce as part of a plan to return the company to “modest to accelerating growth” next year and in 2018. The layoffs....More>>>
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Universal Electronics Inc (NASDAQ:UEIC) insider Menno Koopmans sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $30.30, for a total transaction of $30,300.00. Following the sale, the insider now owns 1,633
Wall Street brokerages expect AVEO Pharmaceuticals, Inc. (NASDAQ:AVEO) to post earnings per share (EPS) of ($0.06) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for AVEO Pharmaceuticals’ earnings. The lowest EPS estimate is ($0.07) and t
Coupa Software Inc (NASDAQ:COUP) SVP Ravi Thakur sold 494 shares of the stock in a transaction dated Thursday, June 21st. The stock was sold at an average price of $63.61, for a total value of $31,423.34. Following the sale, the senior vice president now directly owns 5,539 shares in the company,
Kennedy-Wilson Holdings Inc (NYSE:KW) Director Cathy Hendrickson sold 5,000 shares of the stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $20.64, for a total transaction of $103,200.00. Following the sale, the director now owns 68,218 shares of the com