Why Is Automation Company Teradyne Stock Trading Lower Premarket Wednesday?
Teradyne sharse are declining as Q4 FY23 revenue of $671 million, missed consensus. The company reported robotics revenue of $129 million, but profit declined.
What’s Going On With Oilfield Services Giant Schlumberger Stock Today?
Schlumberger (SLB) shares up after reaffirming FY24 guidance despite Saudi Aramco's oil capacity decision. It expects growth and margin expansion in FY24.
Mortgage Rates Soar, Cash Buyers Score: The New Homebuying Playbook
Rising mortgage rates in 2023 led to 28-year low in US home loan applications. Cash sales became popular as mortgage rates rose to 6.69%.
Could IBM’s Return To Office ‘Or Else’ Be Code For Poor Performance?
Work from home policies are being unwound by an increasing number of firms such as IBM, while others, such as Nvidia, maintain the policy.
US Stocks Ease Ahead Of Key Tech Earnings, UPS Sinks, General Motors Rallies: What’s Driving Markets Tuesday?
Traders cautious ahead of tech earnings & FOMC meeting. S&P 500 & Nasdaq 100 down, Dow slightly up. Dollar & Treasury steady. JOLTS & home price data positive. UPS falls 7%, GM up 8%, Danaher up 3.5%, MSCI up 10%, Lucid up 10%, Schlumberger down 8%.
Mastercard Stock At All-Time-Highs Ahead Of Q4 Earnings Report
Mastercard is up about 20% over the past year, while its closest rival — Visa Inc — gained just a notch above at 21%.
Why Electrical Solutions Provider Hubbell Shares Are Up Today
Hubbell Inc (NYSE: HUBB) surges as Q4 FY23 results exceed expectations, reporting $1.35 billion in net sales, with adjusted EPS of $3.69 surpassing consensus. Strategic moves include a $1.1 billion acquisition and a $131 million sale. The upbeat FY24 outlook anticipates adjusted EPS of $16.00-$16.50 and 8%-10% sales growth.
Institutional Investors Flee Stocks At Second-Highest Pace Since 2008 Despite Market Boom: Where Is Their Money Going?
Bank of America reported large outflows from single stocks by institutional investors, primarily in tech, discretionary, and staples sectors.
Apple Vision Pro Hits Stores Friday: iPhone-Like Frenzy Missing For AR Headset, But Analysts Expect 500K-600K Sales This Year
Apple's Vision Pro headset launch receives strong sales and positive analyst predictions. But will the public continue to take a bite?
UPS Slashes 12,000 Jobs In Cost-Cutting Move, Shares Plunge
UPS shares drop significantly after disappointing financial report, leading to 12k job cuts in response to rising costs and declining sales. 2024 projections also indicate struggles due to market pressures.