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Stocks closed mixed as strong results out of General Electric gave a lift to the broader market, while weakness among technology stocks, despite some stellar earnings reports, dragged down the Nasdaq. GE and AmEx rose, while BofA fell.
Stocks continued to trade mixed as strong results out of General Electric gave a lift to the broader market, while weakness among technology stocks, despite some stellar earnings reports, dragged down the Nasdaq. GE and Disney rose, while BofA fell.
Overall the general equity market is "significantly underpriced," legendary value investor Marvin Schwartz, managing director and senior portfolio manager at Neuberger Berman, told CNBC Friday. "The consensus for this year is $96 dollars a share in the S&P 500 and for next year there's a growing consensus of $105, $106 dollars," Schwartz said.
Stocks closed far off the lows of the session, with the broad market ending largely flat, as investors weighed mixed earnings and economic reports and tech stocks sank for a second day.
Stocks held slight losses before the close, after a breif stint in positive territory, as investors weighed mixed earnings and economic reports and tech stocks sank for a second day. Caterpillar and DuPont fell, while Home Depot rose.
US stock futures eased losses after an unexpectedly large jobless in weekly jobless claims.
Stocks had their worst day in nearly two months Wednesday and could hit more bumps Thursday.
It was the best of times, it was the worst of times. With apologies to Charles Dickens, that classic line written in 1859 aptly describes these two tech stocks now!
Stocks closed lower Wednesday following a handful of weak earnings results in the financial sector and strong results from tech giants IBM and Apple, although the iPad maker's shares slipped in afternoon trading. Bank of America and AmEx fell, while IBM rose.
What follows is a roundup of corporate earnings reports for Wednesday, Jan. 19.
The online auction firm posted quarterly results that exceeded analysts' expectations and raised its outlook for the fiscal year Wednesday, sending shares higher in late trading.
Stocks extended losses Wednesday following a handful of weak earnings results in the financial sector and strong reports from tech giants IBM and Apple, although the iPad maker's shares slipped in afternoon trading. BofA and AmEx fell, while IBM rose.
With bricks, clicks and hardware, find out why Jon Najarian thinks Apple is the best play in tech.
Find out what fundamentals, technicals and insights from the options world suggest lie ahead for this stock going into earnings Thursday.
"I cannot imagine Google vanishing but I can easily envision their high profit business model getting broken and there invincible position substantially weakening. The risk is they will become boring, writes the author of "Overconnected."
She’s a law school graduate trying to unload her diploma on eBay for $200,000 due to “severe financial distress.”
This is a great time for investors to hunt for good value plays, said Bill Smead, CEO and CIO of Smead Capital Management, and Harvey Neiman, portfolio manager of Neiman Large Cap Value Fund.
On Wednesday night, eBay's StubHub pulled off all of its tickets to Monday's BCS National Championship Game.
Just days after NetNet published “Getting Schooled in Law Loans,” a law school graduate has turned to eBay due to “severe financial distress.”
Some companies have a history of operating with low debt levels, and many choose to issue no debt at all. Here are 15 companies with no debt whatsoever!