Stocks rise after Big Tech crushes earnings—Five pros on what the numbers mean

Amazon, Google parent Alphabet, Apple and Facebook reported better-than-expected quarterly earnings Thursday. Five pros break down the company earnings and why they don't see the gains ending anytime soon. Howard Ward, CIO of growth equities at GAMCO, applauds Amazon for its long-term focus.  "When you look at Amazon in particular, Amazon is a stock that […]

Blackstone's earnings rebound with market surge

Fox Business Flash top headlines for July 23 Fox Business Flash top headlines are here. Check out what’s clicking on Blackstone Group Inc.'s second-quarter results rebounded as the surging stock market lifted the value of the private-equity giant's portfolio. Continue Reading Below The New York firm swung to a profit after posting a steep loss […]

Berkshire Hathaway Earnings: What Happened

Key Takeaways Earnings fell enormously due to investment losses form the COVID-19 bear market. Revenue was slightly below expectations Return on investment fell as earnings were dragged down by stock losses. What Happened Berkshire Hathaway reported earnings on May 2, and the COVID-19 stock crash weighed heavily on them. Net earnings were a record -$49.8 […]

Stocks Drop Amid Earnings Caution; Dollar Recovers: Markets Wrap

Japanese shares and U.S. futures dropped after sobering comments from Amazon and Apple about the impact of the coronavirus. The dollar pared overnight losses and Treasury yields ticked lower. Asian trading was limited Friday, with much of the region out on holidays. After U.S. markets closed, warned of a possible second-quarter loss, while Apple […]

AMP scraps earnings forecasts, citing coronavirus uncertainty

AMP has withdrawn its profit forecasts handed down in February that flagged flat growth for the wealth giant as the uncertainty of the coronavirus pandemic continues to grip. The $203 billion company said its capital position and liquidity remains strong, but the uncertain environment and "resultant challenges" made it difficult to provide accurate forecasts for […]

Valuation Charts All Over Map and That’s a Problem for Stocks

There has never been a bull market in stocks that lasted as long as this one that’s a week short of its 11th anniversary. A big reason it’s gotten this far has been that at every critical juncture, all those moments when a wave of panic seemed set to engulf the market, the buy-the-dip crowd […]

Why SmileDirectClub’s Q4 Was Nothing to Smile About

When SmileDirectClub Inc. (NASDAQ: SDC) released its fourth-quarter financial results after the markets closed on Tuesday, the firm posted a net loss of $0.25 per share and $196.7 million in revenue. The consensus estimates had called for a net loss of $0.11 per share and $199.9 million in revenue. In the same period of last […]

Virgin Galactic Options Show Earnings May Push Shares to Record

Virgin Galactic Holdings Inc. options investors are anticipating a 23% move in the stock after the company’s fourth-quarter earnings report, with a tilt toward contracts betting on gains that would propel shares past last week’s record high. The stock has already more than tripled in 2020, trading around $35 on Tuesday afternoon, as institutional and […]