Abbey earnings smash Wall Street estimates. Here’s why the stock is down.

Abbey earnings smash Wall Street estimates.  Here's why the stock is down.

font size Wall Street is starting to wonder if the current environment is as good as it is for Derry. Justin Sullivan/Getty Images monastery It shattered Wall Street’s earnings estimates more Financial guidance for the fiscal year. However, the stock decreased. The current results have been impressive, but investors are worried about whether the current … Read more

Citi says Apple shares are a buy-in before the iPhone 15 is released. Let history be a guide.

Citi says Apple shares are a buy-in before the iPhone 15 is released. Let history be a guide.

font size The new iPhone 15 series is expected to be launched in September. AFP via Getty Images apple Stocks usually do well before a new iPhone is released and this year will be no different, according to a bull. Atif Malik, an analyst at Citi, maintained a Buy rating on the stock in a … Read more

Cisco, Wolfspeed, Ball, Hawaiian Electric, Walmart, and more stock market movers

Cisco, Wolfspeed, Ball, Hawaiian Electric, Walmart, and more stock market movers

font size Networking giant Cisco Systems reported fourth-quarter earnings and sales that beat analyst estimates. Gabriel Boyes/AFP via Getty Images Stock futures traded with slight gains on Thursday after Wall Street closed lower following the release of minutes from the Federal Reserve’s July meeting which indicated that officials think they may have to continue raising … Read more

PayPal stock can’t catch up. A large investor cuts his stake.

PayPal stock can't catch up.  A large investor cuts his stake.

font size The problem with PayPal is that consumers are returning to pandemic spending patterns with fewer online orders. Courtesy PayPal The applause for PayPaa’s new boss didn’t last long. The payment giant’s stock got a small bump when it announced this gut instinct CEO Alex Kress will take over as CEO next month. PayPal … Read more

Intel drops $5.4 billion semiconductor tower deal. It’s a slam dunk strategy.

Intel drops $5.4 billion semiconductor tower deal.  It's a slam dunk strategy.

font size Patrick Gelsinger, CEO of Intel, has made contract chip manufacturing an essential part of his strategy. Ting Xin/Bloomberg Intel has dropped its planned $5.4 billion acquisition of Israel Semiconductor tower . It’s a setback for Intel’s plans to expand its chipmaking business. Intel (ticker: INTC) said on Wednesday that the deal, originally agreed … Read more

Berkshire Hathaway bought a stake in DR Horton shares, and cut GM Holding

Berkshire Hathaway bought a stake in DR Horton shares, and cut GM Holding

font size Warren Buffett, CEO of Berkshire Hathaway, loves the homebuilding industry. Drew Angerer/Getty Images Berkshire Hathaway He took new positions in the field of housing construction, in particular the leader in this field Dr. Horton And while reducing its share general motors and eliminate sticking Makison And according to 13-F regulatory filing was issued … Read more

Hawaii electric hobs. The analyst says the Maui wildfires are a risk to stocks.

Hawaii Electric Inventory sinks 41%.  The analyst says the Maui wildfires are a risk to stocks.

font size Hawaii Electric stock was falling on Monday. Patrick T Fallon/AFP via Getty Images Hawaii Electric Industries It was falling on Monday as wildfires in Maui weighed on the company’s stock. Wells Fargo maintained the Underweight rating on Hawaiian Electric (stock ticker: HE) stock in a report, and cut its price target to $25 … Read more