Semiconductor stocks are getting wrecked. The chipmakers have taken on water in November, falling nearly 2 percent and compounding losses suffered since the beginning of fall. Stocks like Qualcomm, Skyworks, Nvidia, Micron and AMD are all sharply lower in the past week. The worst could still be ahead for the group, says Boris Schlossberg, managing
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Nvidia’s earnings report — specifically its forecast for the current quarter — is likely to disappoint Wall Street this week, claims Susquehanna’s Christopher Rolland, but he’s upgrading the stock anyway. “To be clear, this is not a call on NVIDIA’s quarter… in fact, we think the odds are substantial that management’s guidance will miss the
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Gyrating markets, rising rates and significant market volatility will always create anxiety for investors and leave them with a bad, sinking feeling. Those big swings typically cause investors great concern, no matter the rise or fall. But what is the root of the anxiety? Behavioral science suggests that humans are “uncertainty reduction” machines. That’s one
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Stocks will only recover from Monday’s dramatic sell-off if seven key things happen to brighten the outlook for the broader market, CNBC’s Jim Cramer said as the major averages pulled back. “The thinking behind today’s action is surprisingly simple: money managers are buying the winners and selling the losers,” he said on “Mad Money.” “Unfortunately,
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He called the October correction, and now that same money manager believes stocks are at risk for another leg lower. According to Federated Investors’ Steve Chiavarone, last week’s midterm election was just one of three key events that could spook the markets again before year’s end. He lists President Donald Trump’s meeting with President Xi
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Virgin Hyperloop One, one of the best-known players developing the high-speed transportation technology, is attracting “big interest” from Saudi investors, the company’s newly appointed chairman said Monday. “There is a big interest in Hyperloop in Saudi Arabia,” Ahmed bin Sulayem told CNBC’s Dan Murphy in an interview Monday. “I think when the right time comes,
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In October, the world’s longest flight made its maiden voyage, from Newark Liberty International Airport, landing at Changi Airport in Singapore nearly 19 hours later. The Airbus A350-900ULR — the long-range plane that Singapore Airlines is using for the flight — offers no economy class, only premium economy and business class that seats fewer than
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Roku shares fell more than 12 percent before Thursday trading hours, despite beating third-quarter earnings estimates on the top and bottom lines. One key metric that fell below expectations was platform revenue, which encompasses streaming advertising. Platform advertising is shaping up to be an increasingly important component of the company’s strategy, CNBC reported Wednesday, as
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Americans have, on average, more than three credit cards each. Many also have debit cards, flexible spending cards and other accounts that are all associated with a unique 16-digit number that enables transactions. Plus, most popular virtual payment methods now use so-called tokenization, which means that there are additional unique numbers tied to your account.
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Walt Disney reported fiscal fourth-quarter earnings and revenue that easily topped analysts’ expectations on Thursday. Here’s how the company did compared with what Wall Street expected: Earnings: $1.48 per share vs. $1.34 per share forecast by RefinitivRevenue: $14.31 billion vs. $13.73 billion forecast by Refinitiv In the year-ago quarter, Disney reported adjusted earnings of $1.07
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The Harry Potter franchise is strong enough to turn movies into blockbusters, even without its titular character. With author J.K. Rowling at the helm, Warner Bros. is pushing ahead with taking the beloved franchise and delving deeper into its mythology. Its next installment of the franchise, “Fantastic Beasts: The Crimes of Grindelwald,” is due out
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