Why an analyst says sell these four big software stocks

Why an analyst says sell these four big software stocks

Salesforce Inc.’s stock gets a lot of love on Wall Street, with 43 of the 49 covering analysts tracked by FactSet rating the shares the equivalent of buy. But Guggenheim analyst John DiFucci bucked the trend in a big way, starting coverage of the software giant to sell. The initiation was one of four bearish … Read more

Roku stock plummets as earnings are widely panned: ‘The sum of all of our worries’

Roku stock plummets as earnings are widely panned: ‘The sum of all of our worries’

Shares of Roku Inc. were tumbling in premarket trading Friday after the streaming company acknowledged a “significant slowdown” in advertising spending that helped propel it to weaker-than-expected results and could persist beyond the latest quarter. “Consumers began to moderate discretionary spend, and advertisers significantly curtailed spend in the ad scatter market (TV ads bought during … Read more

Intel earnings slammed on Wall Street: ‘Such a disconnect between the company’s optimism and the current reality’

Intel earnings slammed on Wall Street: ‘Such a disconnect between the company’s optimism and the current reality’

Intel Corp. drew sharp criticism from analysts after the company reported results that were disappointing on many fronts, indicating a storm of macroeconomic, competitive, and execution challenges. The chip company fell far short of expectations on revenue, profit, and gross margins in its late-Thursday report, and executives issued a forecast for the current quarter that … Read more

Microsoft earnings: It’s the forecast that matters, so be patient

Microsoft earnings: It’s the forecast that matters, so be patient

The most important financial news Microsoft Corp. executives will provide Tuesday requires a bit of a wait. Microsoft MSFT, -0.59% is scheduled to report fiscal fourth-quarter financial results after the bell, wrapping up yet another record year for profit and revenue, with annual earnings expected to increase nearly 20% and sales expected to produce roughly … Read more

Oaktree’s Howard Marks is finding bargains. ‘I am starting to behave aggressively,’ he says

Oaktree’s Howard Marks is finding bargains.  ‘I am starting to behave aggressively,’ he says

A little more judging by stock futures reaction this morning. Thank China for some of that as the country announced the biggest easing in COVID travel requirements since about March 2020. China’s news may add to the sense that inflation has peaked, given the supply constraints that the lockdown there has produced. That brings us … Read more

Apple Wants to End Passwords for Everything. Here’s How It Would Work.

Apple Wants to End Passwords for Everything.  Here’s How It Would Work.

Your passwords keep your money, your job and your identity safe. But you hate them, and they’re flawed. Apple Inc. AAPL -3.83% is trying to get rid of them entirely. When Apple’s latest software updates for iPhones, iPads and Macs arrive this fall, they will include a way for users to log into various online … Read more

These 19 big tech stocks have now dropped at least 60% from their 52-week highs

These 19 big tech stocks have now dropped at least 60% from their 52-week highs

The latest inflation figures on June 10 were worse than expected and the effect on stock prices was brutal. A list of stocks in the S&P 500 and the Nasdaq-100 Index that have fallen at least 60% from 52-week highs is below. The consumer-price index report for May from the Bureau of Labor Statistics came … Read more

Okta stock rally shifts into overdrive following hiked outlook as other software companies trim theirs

Okta stock rally shifts into overdrive following hiked outlook as other software companies trim theirs

Okta Inc. shares rallied in the extended session Thursday, adding to gains in the regular session after the identity-management services company reported better-than-expected results and, unlike some larger software companies, hiked its outlook for the year. Okta OKTA, + 10.96% shares soared 18% in Thursday’s after-hours session, building on an 11% surge in the regular … Read more

Microsoft joins chorus of tech companies warning about the effects of a strong dollar

Microsoft joins chorus of tech companies warning about the effects of a strong dollar

Microsoft Corp. cut its guidance due to a headwind that’s been a dominant talking point for tech companies reporting late earnings: The strong dollar is making business more expensive. Microsoft MSFT, + 0.79% executives disclosed Thursday in a PowerPoint presentation that due to an “unfavorable foreign exchange rate movement in the fourth quarter,” they were … Read more

Small-cap growth stocks are at their lowest P / E valuation in at least 24 years.

Small-cap growth stocks are at their lowest P / E valuation in at least 24 years.

Growth stocks typically trade at premium prices. But in this market, rising interest rates have turned small-cap growth stocks into a bargain group. This may be a beautiful setup for long-term investors. The following chart, provided by Alger Director of Market Strategy Bradford Neuman, underscores the opportunity: Algiers, FactSet The chart shows the weighted forward … Read more