It's only a minor pullback given the Nasdaq's strength, especially in the face of a global pandemic and surging unemployment. The Nasdaq is up 16% for the year and remains only 3.8% off its all-time high. It's more than doubled over the past five years, outperforming the S&P 500's 55% gain.and Intel. Both companies provided better-than-expected results in the latest quarter but gave guidance for the current period that trailed analysts' estimates.
Tesla, whose shares are still up about 240% this year, dropped for the week even after the electric carmaker reported aDriven in part by Tesla's massive rally, the Nasdaq recently reached its highest price-to-earnings ratio since 2005, according to FactSet. Meanwhile,topped 1 million for an 18th straight week, and states are poised to stop paying out the $600 per week enhanced federal unemployment benefit at the end of July. Coronavirus cases in a number of U.S.
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Stocks making the biggest moves midday: Advanced Micro Devices, Tesla, Intel & moreThese are the companies making headlines in midday trading. Intel, I’ve owned it since 1984. I’ve had many heart breaking down days. Few euphoric days owning this stock. Yet it has made me money and continues to do so. Perhaps management at the top needs a scientist rather than a banker. What a waste of resources. Very soon many unemployed and underpaid people will not be able to afford devices and vehicles. Watch out for the second wave and the undertow.
Source: CNBC - 🏆 12. / 72 Read more »
Wall Street slides as Intel dives, earnings and pandemic weighWall Street retreated on Friday as weak earnings sparked a pre-weekend selloff that was also fed by surging coronavirus cases and geopolitical uncertainties. The Trump virus takes a bellyflop all over Wall Street. But at least they are wearing a mask (whilst they watch the economy tank). Yeah well, the Physics involved in the manufacturing and Chip Performance requirements are very hard to meet when we're talking about 7nm die. The market will do what the market will do, but as we try to pierce the 7nm limit we run into the limits of the nature of e- / p+ flow.
Source: Reuters - 🏆 2. / 97 Read more »
Intel offers disappointing Q3 earnings guidanceThe company again gave full-year guidance after pulling it one quarter ago. It’s $AMD‘s turn boy 💯 they r getting their azz kicked by all their competitors
Source: CNBC - 🏆 12. / 72 Read more »