It’s time to step back into health-care stocks, according to Wolfe Research. The sector was one of the worst performing over the past month, pulling back over 4% from September to October, technical analyst Rob Ginsberg wrote in a note on Tuesday. “As evidenced by XLV [Health Care Select Sector SPDR Fund], price is back…
Analysts are getting even more bullish on Netflix following its earnings beat for the third quarter . Shares jumped more than 6% in premarket trading Friday on the heels of the streamer’s results. Earnings came in at $5.40 per share and revenue at $9.83 billion. That’s well above Wall Street’s estimates for the period, as…
Check out the companies making headlines before the bell: Procter & Gamble — The stock fell 0.8% after reporting weaker-than-expected revenue. The household goods maker posted $21.74 billion in revenue, while analysts polled by LSEG had estimated $21.91 billion. The company attributed the miss to lower demand in China. Adjusted earnings per share of $1.93 topped…
A host of Wall Street analysts raised their price targets on Netflix (NFLX) stock after the internet television network’s bullish third-quarter earnings report. Netflix stock hit a record high on the news on Friday. Late Thursday, Netflix beat expectations for the September quarter and guided higher than views for the current quarter. It also added…
MercadoLibre MercadoLibre MELI $10.59 0.51% 7% IBD Stock Analysis Still working on flat base with potential 2161.73 buy point MELI finding support at 21-day/50-day line Trendline and Oct. 11 high offer aggressive entries Composite Rating Industry Group Ranking Emerging Pattern Flat Base * Not real-time data. All data shown was captured at 10:46AM EDT on…
Dow Jones futures edged lower early Friday, while S&P 500 futures and Nasdaq futures rose modestly. Netflix (NFLX) and Intuitive Surgical (ISRG) jumped on strong earnings overnight, while Apple (AAPL) rose on iPhone 16 sales in China. All three flashed buy signals. Chinese stocks jumped after the central bank came in to support markets after…
In this photo illustration, a TSMC logo is displayed on the screen of a smartphone. Sopa Images | Lightrocket | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday reported a 54% hike in net profit in the third quarter and forecast annual revenue growth in the last three months of the year, as global chipmakers…
Dow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures. Taiwan Semiconductor (TSM) reports early Thursday with retail sales headlining big economic reports before the open. Uber Technologies (UBER) has considered a possible bid for travel website Expedia (EXPE), the Financial Times reported Wednesday night. Uber stock fell while Expedia jumped….
Check out the companies making headlines in extended trading: Discover Financial — Shares inched lower by 1%. The financial services company posted third-quarter results that surpassed expectations, with earnings of $3.69 per share on $4.45 billion of revenue. Analysts polled by LSEG were calling for earnings of $3.42 per share and revenue of $4.35 billion….
Equities in Asia rose after Wall Street closed higher, helped along by a rotation out of megacap tech to small-cap companies. Chinese stocks erased gains after a press briefing by finance and housing ministers. China’s CSI 300 index turned flat after rising as much as 1.3% earlier. A gauge of Chinese property stocks extended losses….