Shares of Advanced Micro Devices leaped 10 percent in morning trade Wednesday after reporting strong guidance and better-than-expected earnings. The chipmaker said late Tuesday it expects third-quarter revenue to increase 15 percent year over year, implying $1.5 billion in sales, about $100 million more than what analysts polled by Thomson Reuters expected. AMD also raised […]
Read moreThe “Fast Money” traders shared their first moves for the early hours of trading. Steve Grasso was a buyer of Alibaba. Karen Finerman was a buyer of the SPDR S&P Retail ETF. Dan Nathan was a buyer of AT&T. Guy Adami was buyer of Macy’s. Trader disclosure: On July 25, 2017, the following stocks and […]
Read moreShares of high-end hotel operator Wynn Resorts fell more than 6 percent Wednesday after the company said gambling at their tables decreased in Macau. Wynn said mass market operations, or walk-in business, from Wynn Macau fell 9 percent in the second quarter on a year-over-year basis. The weakness offsets the strong performance from Macau’s VIP […]
Read moreWith a fresh round of record-breaking highs in the stock market has come a surge in investor optimism, and that eventually could create problems. Bullishness in the most recent Investors Intelligence survey hit 60.2 percent, the highest level since late-February. The survey comes from editors of market newsletters and thus provides a snapshot of what […]
Read moreA health start-up called Grail is developing one of the most ambitious technologies in Silicon Valley. And Amazon wants a piece of it. According to two sources familiar, Amazon invested in Grail as a very special kind of future customer for its cloud business. Grail is hoping that its can use deep sequencing technology to […]
Read moreWhen Microsoft unveiled the first Surface tablet five years ago, it was a spectacular failure. At the time, the Apple iPhone was well on its way to conquering the technology industry, and the iPad appeared set to lead an even more devastating invasion of Microsoft’s office-worker kingdom. Microsoft conceived of Surface, an innovative laptop-tablet hybrid, […]
Read moreWall Street sees Facebook posting a higher quarterly profit when it releases financial results after the close of markets Wednesday, driven by surging sales of video and display ads. The company is expected to report second-quarter profit of $1.13 per share, based on the average estimate of 35 analysts who rate its stock. That’s up […]
Read moreThe U.K.’s International Trade Secretary Liam Fox is to visit Mexico Wednesday to launch discussions for a post-Brexit deal as part of the Britain’s ongoing efforts to secure its trading future outside of the EU. Fox is to meet with Mexico’s Minister of the Economy Ildefonso Guajardo Villarreal to discuss continuing trade cooperation between the […]
Read moreiRobot shares jumped more than 20 percent in premarket trading Wednesday, after raising guidance on the heels of a stronger-than-expected Amazon Prime Day earlier this month. The company also said second-quarter revenue increased more than 45 percent year over year to $183.1 million, topping Wall Street’s expectations. On Amazon Prime Day July 10th, “we sold […]
Read moreCheck out which companies are making headlines before the bell: Coca-Cola – Coke beat forecasts by two cents a share, with quarterly profit of 59 cents per share. Revenue also came in above Street forecasts and Coke raised its full-year forecast, supported by growth in its newer products among other factors. Boeing – The jet […]
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