Shares in Abiomed Inc. ABMD, -2.32% rocketed 48.8% to a 14-month high in premarket trading Tuesday after the provider of medical technology that supports circulation and oxygenation agreed to be bought by Johnson & Johnson JNJ, -0.51% in a deal worth DKK 16.6 billion. Under the deal, J&J will pay $380 in upfront cash for … Read more
Pfizer is set to report earnings on Tuesday, a week and a half after an executive told investors the company was considering a list price for its Covid-19 vaccine of between $110 and $130 per adult dose, higher than analysts had expected. The surprise has prompted analysts to rethink their estimates for next year’s Covid-19 … Read more
Longtime investor Nicholas F. Galluccio has seen his fair share of market turmoil, but one thing has remained constant for nearly four decades: a focus on finding small stocks with big prospects. Galluccio is a portfolio manager at Teton Advisors (ticker: TETAA), a $1.6 billion asset manager specializing in small and microcap stocks. He joined … Read more
Den sidste uge bød på en fortælling om to markeder, hvor stigninger for Dow Jones Industrial Average satte blue-chip-måleren på sporet til dens bedste oktober nogensinde, mens Big Tech-sværvægtere led en shellacking, der fik markedsveteraner til at huske dot-com-busten i begyndelsen af 2000’erne. “Du har et tovtrækkeri,” sagde Dan Suzuki, stedfortrædende investeringsdirektør hos Richard Bernstein … Read more
Watch out Elon, Warren is catching up. With the drop in shares of Tesla this year the market value of Berkshire Hathaway is hot on the heels of the electric imager. Berkshire, led by longtime CEO Warren Buffett, is demonstrating its defensive qualities in a bear market, with its Class A shares up 0.3% this … Read more
Intel Corp.-aktier i fredags scorede deres bedste endags-rally siden starten af COVID-19-pandemien, efter chipproducentens planlagte omkostningsbesparelser og fyringer opmuntrede investorer, der har modstået faldende marginer og markedsandele i løbet af de seneste adskillige kvartaler. Intel INTC, +10,66 % aktier steg for at slutte tæt på dagens højdepunkter med en stigning på 10,7 % for at … Read more
Shares for Chinese electric vehicle maker XPeng have just been hammered in 2022—and they dropped even more Friday after a once-bullish analyst said to sell the stock. Citi analyst Jeff Chung doubled-downgraded shares to Sell all the way from Buy. (Analysts typically go one ratings notch at a time, from Buy to Hold then from … Read more
Shares of Amazon.com Inc. AMZN, -4.03% sank 4.6% in afternoon trade and has now lost 8.6% in two days as investors braced for the e-commerce giant’s third-quarter results after the closing bell. The stock has fallen the day after earnings were reported 6 times in the last 8 quarters, with an average decline of 5.1% … Read more
Boeing reported third-quarter results that missed Wall Street estimates by a mile. It’s not great, but investors probably won’t care because B oing cash flow improved. Boeing (ticker: BA) on Wednesday reported an adjusted loss per stock at $5.49 from $16 billion in sales.
Halliburton more than doubled its profit in the third quarter from a year ago, driven by strong demand for oilfield services as energy prices rose. Top oil field service providers like Halliburton (ticker: HAL) and Schlumberger (SLB) — recently dubbed SLB — has been busy as international sanctions in response to Russia’s attack on the … Read more