Here are Tuesday’s biggest calls on Wall Street: Barclays reiterates Microsoft as overweight Barclays said in a note Tuesday that Microsoft Teams is an “$ 85 billion opportunity.” “Recently, we have seen increased investor nervousness regarding the future growth opportunities for the Microsoft O ff ice franchise. However, we believe that recognizing the large opportunity … Read more
Tesla CEO Elon Musk sent Twitter shares tumbling on Friday when he said he was going to put his $ 44 billion acquisition of the social network “on hold” while he researches the proportion of fake and spam accounts on the platform. Though Musk later clarified that he remains committed to the deal, he continued … Read more
Nearly three years ago, when the Justice Department and Federal Trade Commission launched probes into the business practices of Big Tech, antitrust experts and legal talking heads declared a new age in enforcement and a chastening of unbridled financial power. But a pandemic and countless bill markups later – amid feverish lobbying efforts by Apple … Read more
San Francisco Compassandcamera | Getty Images US employers added more jobs than expected in April amid a tight labor market, the Bureau of Labor Statistics reported Friday. But the tech sector, which boomed during the pandemic, is showing signs of contraction. Facebook parent company Meta is pausing hiring and scaling down some recruitment plans, Insider … Read more
Katie Contreras and Chris Nguyen, experience experts, stand at the Customer Onboarding station for the Quest Demo space during a preview of the inaugural physical store of Facebook-owner Meta Platforms Inc in Burlingame, California, May 4, 2022. Brittany Hosea-Small | Reuters A good number of teenagers have virtual reality headsets, but have they started using … Read more
Heading into the Federal Open Market Committee’s policy meeting, analysts at Jefferies on May 3 advised investors to avoid the popular FAANG + Microsoft group of stocks. They pointed instead to a group they named MANG. We’ll compare the two groups below. The FAANG group – Facebook holding company Meta Platforms Inc. FB, -0.26%, Apple … Read more
Rafael Henrique | LightRocket | Getty Images As the heart of tech earnings season wraps up, one persistent theme has been weakness in the digital ad market. The war in Ukraine, rising inflation, Apple’s privacy changes and an overall pullback in ad spending help explain why Facebook, Google, Amazon and Twitter all reported disappointing revenue … Read more
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Nasdaq futures soar as stocks look to get back on track The Nasdaq MarketSite in New York. Michael Nagle | Bloomberg | Getty Images Nasdaq futures bounced nearly 2% on Thursday, boosted by a 14% pop in … Read more
Stocks soured on April 26, with major declines for broad indexes that underlined what a difficult year it has been, so far, for technology stocks. Below is a list of 21 large-cap stocks that have dropped at least 50% from their 52-week highs. The trading action for the indexes took a turn for the worse … Read more
The biggest week of earnings season will have plenty of big moments, but the most important reports will come from Big Tech. Google parent company Alphabet Inc. GOOGL, + 2.87% GOOG, + 3.04%, Amazon.com Inc. AMZN, + 1.19%, Apple Inc. AAPL, + 0.67%, Facebook parent company Meta Platforms Inc. FB, + 1.56% and Microsoft Corp. … Read more
