Check out the companies making headlines in extended trading: Starbucks — The coffee chain’s shares added 3% in extended trading after revenue for the fiscal third quarter came in higher than expected. Starbucks posted revenue of $9.46 billion, while LSEG consensus estimates called for $9.31 billion. Same-store sales fell for the sixth consecutive quarter, however….
Check out the companies making headlines in after-hours trading. Cadence Design Systems – Shares of the computer software company jumped more than 6% after its latest quarterly results beat on the top and bottom lines. For the second quarter, Cadence reported adjusted earnings of $1.65 per share on revenue of $1.28 billion, above the $1.55…
The market may be trading around record highs, but the Verdence Capital Advisors CIO is worried trouble is lurking. Megan Horneman, who oversees $4.1 billion in assets under management, thinks there’s too much complacency around the Aug. 1 U.S. trade deadline. “This market is pricing in the perfect situation,” she told CNBC’s “Fast Money” on…
FAA chief Steve Dickson flies a Boeing 737 MAX, from Boeing Field on September 30, 2020 in Seattle, Washington. Mike Siegel | Getty Images After spiraling from crisis to crisis over much of the past seven years, Boeing is stabilizing under CEO Kelly Ortberg‘s leadership. Ortberg, a longtime aerospace executive and an engineer whom the…
Former NBC Cable President Tom Rogers is dialing back his bullishness on Netflix. The media trailblazer, who was a self-proclaimed “raging bull” on Netflix, told CNBC’s “Fast Money” this week he’s starting to worry — and listed competition with free content on YouTube as a headwind. “[Netflix] still [has] more hit shows than all the…
Check out the companies making headlines in midday trading: Tesla — The electric vehicle maker’s stock jumped more than 4% after Business Insider reported that Tesla’s robotaxi service will debut in San Francisco as soon as this weekend. Even with the move, Tesla shares are down nearly 3% week to date. Charter Communications — The…
Check out the companies making headlines before the bell: Intel — Shares of the chipmaker dropped more than 7% after Intel said it will cut 15% of its workforce and slashed plans for chip factory construction in an attempt to revitalize its artificial intelligence strategy. Intel topped second-quarter revenue results, posting $12.86 billion in revenue,…
Check out the companies making headlines in after-hours trading. Intel – Shares of the chipmaker inched up less than 1% in extended trading. That’s after the company’s second-quarter revenue of $12.86 billion topped the $11.92 billion that analysts surveyed by LSEG were expecting for the period. The company’s third-quarter revenue guidance also surpassed analyst estimates….
Check out the companies making headlines in midday trading: Union Pacific , Norfolk Southern — Union Pacific said it was in advanced talks about a potential combination with Norfolk Southern, which would create the largest U.S. railroad. Union Pacific shares fell almost 3%, while Norfolk Southern slipped less than 1%. CSX — Shares rose less…
Check out the companies making headlines in premarket trading: Meme stocks — These stocks once again are making attention-grabbing moves. Opendoor Technologies jumped 7%, while GoPro and Krispy Kreme each fell around 4%. Dow Inc. — The chemical company’s stock slid more than 10% after disappointing second-quarter results. Dow posted a loss of 42 cents…
