Microsoft Stock Drops On Weak Outlook, Slowing Azure Growth

8 days ago Investor's Business Daily

Analysts polled by FactSet had predicted Microsoft earnings of $2.29 a share on sales of $53 billion. On a year-over-year basis, Microsoft earnings slipped 6% while sales rose 2%. MSFT Stock Falls On OutlookIn morning trades on the stock market today, MSFT stock fell 3.3% to 234.13. Azure and other cloud services posted revenue growth of 31%, or 38% in constant currency. The company also forecast continued deceleration of Azure sales growth.
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Stock Market Bounces At Weekly Support; Musk Escape Clause? SNAP Snaps

The major stock market indexes sold off overnight into Friday and bounced at the edges of Monday's opening. Twitter (TWTR) stock sold off after allegations the Biden administration may have handed Elon Musk a get-out-of-deal-free card. Stock Market EarningsDow Jones component American Express (AXP) fell nearly 5% despite strong earnings and revenue in line with estimates. Stock Market Movers And ShakersAT&T (T) added another 2% in the first hour after rallying 7.7% on Thursday, in reaction to a surprisingly upbeat earnings report and outlook. If You Want To Find Winning Stocks, Better Know ItIBD Live: Learn And Analyze Growth Stocks With The ProsLooking For The Next Big Stock Market Winners?

3 months ago Investor's Business Daily

Oil Stocks Bounce As China Concerns Ease

However, U.S. crude oil prices reversed Monday's early losses, settling up 1.2% to $77.24 per barrel. China Protest Impact On Oil StocksMonday's fall in oil prices and oil stocks followed reports that hundreds of protesters marched Sunday in Beijing and in Shanghai. Oil stocks and oil-related stocks responded Monday. Oil Stocks Take Back Ground Amid China Covid ShiftEnergy giants Exxon Mobil (XOM) and Chevron (CVX) added more than 1% in premarket trade. U.S. oil prices felt some added pressure on Monday after the White House on Saturday eased oil sanctions on Venezuela.

2 months ago Investor's Business Daily

Single-Family Home Rentals And The Rise Of Large Landlords

Before 2008, investors with five or more properties owned about 10 million single-family rental homes, according to information presented in the House report. That was a bit less than 8% of the 129.64 million single-family homes late in 2007, based on Census Bureau data. Large Buyers Take Advantage Of CrisesBy the end of 2021, Tricon Residential owned 29,000 single-family home rentals, primarily in the U.S. Sunbelt. A 2018 study of post-foreclosure single-family rental homes in Atlanta found large landlords were 68% more likely to file for evictions than small landlords. And the share of institutional single-family home purchases fell to 20% in June, down from the 28% peak in February.

3 months ago Investor's Business Daily

Vertex Shrugs Off Recent Malaise With A Third-Quarter Beat-And-Raise

Vertex Pharmaceuticals (VRTX) beat third-quarter expectations, helping VRTX stock surge on Friday. XIn midday trading on today's stock market, VRTX stock advanced 4.2% and was trading near 300.10. It was unclear what drove the dive, though it could possibly be related to an upcoming presentation from 4D Molecular Therapeutics (FDMT) for a cystic fibrosis treatment. Today, Vertex is the de facto leader of the cystic fibrosis market. VRTX Stock: Trikafta Cannibalization ContinuesVertex's newest medicine, Trikafta, was the only of its four cystic fibrosis products to grow.

3 months ago Investor's Business Daily

Dow Jones Futures Fall: Market Rally Wipes Out Powell Gains As Apple, Exxon, Tesla Skid

Dow Jones futures fell early Wednesday, along with S&P 500 futures and Nasdaq futures. XThe stock market rally had another weak session, with Apple (AAPL) and Exxon Mobil (XOM) breaking below key levels Tuesday while Amazon.com (AMZN) and Tesla (TSLA) are starting to move toward bear market lows. This stock market rally has had several big one-day gains followed by pullbacks. Join IBD experts as they analyze actionable stocks in the stock market rally on IBD LiveStock Market RallyThe stock market rally quickly retreated after Tuesday's open and continued to trend lower during the day before slightly paring losses near the close. Time The Market With IBD's ETF Market StrategyWhat To Do NowSo far, the market rally has eventually rebounded each time, setting higher highs along the way.

1 month ago Investor's Business Daily

Stock Market Climbs As Indexes Hold Key Levels; This IBD 50 Stock Hits Sell Signal

The stock market bounced back Wednesday morning, helping indexes hold above important chart levels. Natural gas prices slid, and an IBD 50 stock saw a sell signal. The Dow Jones Industrial Average added 0.2%, still holding above its 50-day moving average but testing resistance at the 21-day exponential moving average. Intermex (IMXI) climbed above its 50-day moving average this week as it forms a base with a 27.91 buy point. Natural Gas SlidesNatural gas prices plunged, sending related ETFs down sharply.

1 month ago Investor's Business Daily

Dow Jones Futures Rally On Jobless Claims; Tesla Stock Surges On Reiterated Buy Rating

Dow Jones futures extended gains Thursday morning after initial unemployment claims data from the Labor Department. Stock Market TodayElectric-vehicle leader Tesla (TSLA) raced almost 7% higher Thursday as Morgan Stanley affirmed its overweight rating on the stock, despite a price target cut. Five Dow Jones Stocks To Watch NowDow Jones Stocks To Watch: Amgen, Caterpillar, ChevronDrugmaker Amgen continues to trace a flat base amid a three-week losing streak. CAT stock shows a strong 98 out of a perfect 99 IBD Composite Rating, per the IBD Stock Checkup. Dow Jones Leaders: Apple, MicrosoftAmong Dow Jones stocks, Apple shares sold off 3.1% Wednesday, dropping to 125.87, their lowest level since June 2021.

1 month ago Investor's Business Daily

CPI Inflation Rate Slides, But Core Prices Are Sticky

The CPI inflation rate fell faster than expected in December. However, core inflation, which strips out food and energy, only slowed in line with forecasts amid stubborn services inflation. XThe CPI inflation rate eased to 6.5% from 7.1% the prior month vs. Wall Street expectations of 6.6%. The annual core inflation rate eased to 5.7% from 6%. The core CPI inflation rate peaked at a 40-year-high 6.6% in September.

21 days ago Investor's Business Daily

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