"Conventional wisdom, along with consensus opinions and estimates, are often times wrong," SunTrust Robinson Humphrey researchers say. » Read More
*FedEx rises after 3rd- quarter profit beats view. Dec 17- U.S. stocks dropped Thursday on persistent concern over faltering global economic growth, led by declines in energy and materials shares, a day after shares had rallied on the Federal Reserve's decision to raise interest rates. Newmont Mining, which fell 7.7 percent to $17.61, led declines on the materials...
U.S. stocks closed near session lows Thursday as investors eyed oil prices and economic data, after the Fed raised rates on Wednesday.
*FedEx rises after Q3 profit beats view. Dec 17- Wall Street looked set to snap a three-day rally on Thursday, dragged down by energy and materials stocks, a day after the Federal Reserve raised interest rates for the first time in nine years. "Investors continue to struggle with the notion of the strength in the U.S. economy, in the context of this performance within...
*FedEx rises after Q3 profit beats view. "The markets have reversed from a higher opening, but that was to be expected after yesterday's surge," said Peter Cardillo, chief market economist at First Standard Financial in New York. At 11:02 a.m. ET, the Dow Jones industrial average was down 115.28 points, or 0.65 percent, at 17,633.81, the S&P 500 was down 16.71 points, or...
*FedEx rises after Q3 profit beats view. "The Fed really delivered exactly what the market wanted," said Keith Lerner, chief market strategist at SunTrust Bank in Atlanta, Georgia. At 9:40 a.m. ET, the Dow Jones industrial average was down 1.27 points, or 0.01 percent, at 17,747.82, the S&P 500 was down 2.48 points, or 0.12 percent, at 2,070.59 and the Nasdaq Composite...
Some of the names on the move ahead of the open.
A post-Fed stock rally this morning, following the central banks first interest rate increase in more than nine years.
Dec 16- Business software maker Oracle Corp on Wednesday delivered a third-quarter profit forecast that did not quite meet analysts' expectations, and the company's shares fell about 1 percent in extended trading. Oracle forecast third-quarter profit of about 63- 66 cents per share, with revenue flat or up 3 percent which translates to $9.33 billion- $9.61...
Check out the companies making headlines after the bell Wednesday: FedEx, Hilton, Pandora & more
Dec 16- Business software maker Oracle Corp reported a better-than-expected quarterly profit, helped by strong sales from its cloud services. Oracle, like other established tech companies, has been moving its business to the cloud-based model, essentially providing services remotely via data centers rather than selling installed software.
Shares of the company jumped almost 2 percent after hours.
Dec 16- Business software maker Oracle Corp reported a 6.3 percent fall in quarterly revenue, hurt by a strong dollar and weak sales of traditional software licenses. Net income fell to $2.2 billion, or 51 cents per share, in the second quarter ended Nov. 30, from $2.5 billion, or 56 cents per share, a year earlier. Revenue fell to $8.99 billion from $9.60 billion.
U.S. stock index futures indicated a higher open, with Dow futures up about 100 points in pre-market trade ahead of the expected Fed rate rise.
U.S. stock futures were sharply higher this morning, ahead of what's expected to be the first Fed interest rate hike since June 2006.
Jim Cramer shares his opinion on caller favorite stocks, including this popular auto industry play.
Daniel Ives, senior analyst from FBR Capital Market, says Oracle's stock has been a letdown for investors as the company missed out on the cloud market and lacks M&A activity.
Cisco has spent decades building products for IT managers and engineers. It's an odd company to try to make workplace video systems more usable.
NEW YORK, Dec 1- Waves of migrants moving through Slovenia on their way toward Germany and Austria are causing only a limited negative impact on its economy, Prime Minister Miro Cerar said on Tuesday. Cerar, in the United States to establish partnerships with top information and communication technology companies, said Slovenia's economic outlook is stable...
Three mid-level bankers in Goldman's tech investment banking group have left to take positions at ride service company Uber.
The Paris terror attacks are forcing big tech companies to battle Republicans and Democrats on encryption.