Facebook parent Meta Platforms was probably the least loved megacap tech stock before its slide over its weak first-quarter outlook, but its sheer size meant it was a widely owned holding — according to FactSet, 1,560 funds that have filed 13-F reports for the period ending Dec. 31 held the stock.
Yiu isn’t dismissive of the metaverse but he says there are better alternatives, such as graphics chip maker Nvidia NVDA, +1.91%. “We would rather have Nvidia, which is doing quite well outside of the metaverse, and if the metaverse is going to come, it’s going to take a good chunk of that,” he says.
More broadly, Yiu says it’s a difficult environment and one where you have to be highly selective. He contrasts a company such as Peloton Interactive PTON, +1.64% — which he says might not exist in a year’s time if it isn’t taken over by Nike or Amazon, given the cash it’s burning — with companies such as Microsoft MSFT, +1.14% and Google. “At the moment, it’s quite chaotic in the market.
NCR NCR, +12.14% is due to surge, as the point-of-sale software maker said it’s conducting a strategic review.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tuesday, Feb. 8, 2022: NVIDIA, UPS, PayPal and more stocks featured in today's meetingJeff Marks of the CNBC Investing Club talks about takeover headlines impacting NVIDIA and NortonLifeLock, and why the portfolio is trimming UPS
Source: CNBC - 🏆 12. / 72 Read more »
Taco Bell Parent Yum Brands Misses Earnings Estimates as Higher Costs Weigh on ProfitsYum Brands on Wednesday reported mixed results for its fourth quarter as higher costs weighed on profits, leading to an earnings miss. Shares of the company rose less than 1% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $1.02 adjusted vs. $1.09 expected Revenue:… Not shocking the quality of the food for all the Yum branded restaurants have went down hill. Especially KFC. Barf. Chickfila is so much better not sure what they are doing but they havent had supply problems. Wonder if because they treat employees and people better This just underscores that large companies are used to making themselves richer by keeping their employees poorer. I'm glad that is starting to change, even if only somewhat (for now). I used to love tacobell tacobellcare yumbrands but the quality of the food has dropped tremendously and they keep raising prices and employees get nothing- I AM DONE WITH YUM BRANDS ESPECIALLY
Source: NBCDFW - 🏆 288. / 63 Read more »
Return-to-office will boost demand for personal care products in the spring and summer, Edgewell CEO says'We're optimistic for the balance of the year,' Edgewell Personal Care CEO Rod Little told CNBC on Tuesday, as the company's stock sold off post-earnings.
Source: CNBC - 🏆 12. / 72 Read more »
Frontier bids $3B for Spirit hoping for major budget carrierFrontier Airlines' parent company is buying Spirit Airlines in a $2.9 billion deal that will the combined operations more competitive against larger rivals.
Source: chicagotribune - 🏆 8. / 91 Read more »