Market Movers rounded up the latest reactions on Broadcom from investors and analysts. The pros discussed the semiconductor company a day after it announced quarterly results that beat estimates but also reported fiscal fourth-quarter revenue guidance that was roughly in line with expectations. Nevertheless, UBS is maintaining its buy rating and $925 price target on…
A sign is posted in front of a Broadcom office in San Jose, California, June 3, 2021. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading: VMware — The cloud services company slid 2.6%, a day after giving a mixed second-quarter report. While VMware surpassed expectations for earnings per share,…
A Dell Technologies flag outside the company headquarters in Round Rock, Texas, US, on Monday, Feb. 6, 2023. Jordan Vonderhaar | Bloomberg | Getty Images Check out the companies making headlines before the bell: Dell Technologies — Dell Technologies surged 10.5% after exceeding analysts’ second-quarter expectations. The computer company reported adjusted per-share earnings of $1.74…
The Federal Reserve “didn’t do their homework” and mischaracterized the spike in inflation that has plagued the U.S. economy over the last two years, according to Nobel Prize-winning economist Joseph Stiglitz. U.S. inflation started to gain pace in early 2021 as the economy emerged from the Covid-19 pandemic, rising from an annual 1.2% in December…
Ralph Orlowski | Getty Images Check out the companies making headlines after hours. MongoDB — Shares of the database software maker gained 5% in extended trading. MongoDB reported earnings of 93 cents per share, excluding items, on revenue totaling $423.8 million in the second quarter. That came in ahead of the earnings per share of…
Market Movers rounded up the latest reactions on Salesforce from investors and analysts. The pros discussed the software company’s latest quarterly results , which were released after the closing bell Wednesday. Salesforce reported better-than-expected earnings and revenue. The company also raised its guidance for the full year. Goldman Sachs analyst Kash Rangan raised his price…
(Click here to subscribe to the Delivering Alpha newsletter.) “It’s very difficult to buy a sports team and lose money,” Carlyle Co-Founder David Rubenstein recently said in an interview for a CNBC podcast. Historically, that purported upside has only been enjoyed by the wealthiest of the wealthy. But most major U.S. sport leagues have – just within the last…
Traders on the floor of the NYSE, August 29, 2023. Source: NYSE The drought in the IPO market could be near an end, according to a big investor overseeing more than $70 billion. Alan Waxman, the CEO and co-founder of Sixth Street, believes we’re in about the seventh inning of the downturn in the IPO…
Srdjanpav | E+ | Getty Images How interest accrues on loans Direct Subsidized Loans are available to undergraduate students who demonstrate a financial need. They don’t accrue interest while a borrower is in school (at least half-time) or during a six-month grace period after leaving school. The loans also don’t accrue interest during deferment, a…
The exterior of a Dollar General convenience store is seen in Austin, Texas, March 16, 2023. Brandon Bell | Getty Images Check out the companies making the biggest moves before the bell: Dollar General — The discount retailer tumbled 15.3% after reporting second-quarter earnings per share of $2.13, missing the StreetAccount consensus estimate of $2.47.…
