20 S&P 500 companies that had the best Q1 on 3 key measures — Buy the stocks?

20 S&P 500 companies that had the best Q1 on 3 key measures — Buy the stocks?

First-quarter earnings season is just about over for the S&P 500. Then again, with about 20% of the companies having fiscal quarters that don’t match the calendar, it seems the flow of earnings reports never ends. It might seem from media reports that the economy is always facing some sort of crisis, but you may…

Amazon’s stock is misunderstood for these 3 reasons, according to an analyst

Amazon’s stock is misunderstood for these 3 reasons, according to an analyst

Amazon.com Inc. could post the lowest growth rate this year for its North American retail business in over two decades, but where some might see a worrisome slowdown, Evercore ISI analyst Mark Mahaney sees opportunity. The ability for Amazon AMZN, +1.65% to reignite revenue momentum across its business is one pillar of Mahaney’s bullish view…

How to invest in one of the hottest stock market sectors while cutting your risk

How to invest in one of the hottest stock market sectors while cutting your risk

Here’s a summary of how the 11 sectors of the S&P 500 SPX, -0.14% have performed his year and how forward price-to-earnings ratios compare to valuation levels at the end of 2021: Sector or index 2023 return 2022 return Return since end of 2021 3-year return 5 year return Forward P/E Forward P/E at end…

Alibaba shares fall in Hong Kong as selloff continues

Alibaba shares fall in Hong Kong as selloff continues

Alibaba Group shares 9988, -5.24% fell in Hong Kong trade, extending overnight losses on Wall Street, after the Chinese e-commerce giant’s latest quarterly revenue growth missed some analysts’ expectations. The stock has lost as much as 5.9% and was last down 5.1%. The selloff came after Alibaba posted a 2% revenue increase for its fourth…

Amazon’s cloud business to invest more than $12 billion in India by 2030

Amazon’s cloud business to invest more than $12 billion in India by 2030

Amazon.com’s cloud-computing business plans to spend 1.056 trillion Indian rupees (US$12.81 billion) to expand its data-center infrastructure in India by 2030, part of long-term efforts to boost the global reach of its cloud services. Amazon Web Services, the Seattle-based tech giant’s AMZN, +1.85% cloud-computing arm, said Thursday that the move would support about 131,700 full-time…

Vodafone plans 11,000 job cuts and forecasts cash-flow decline

Vodafone plans 11,000 job cuts and forecasts cash-flow decline

Vodafone Group on Tuesday said it planned to cut 11,000 jobs as it “rebased” its current-year forecasts at a much lower level. Vodafone said it’s cutting 11,000 roles over three years, at both headquarters in Newbury, England, as well as local markets. “Our performance has not been good enough. To consistently deliver, Vodafone must change,”…

Fanatics to buy PointsBet’s U.S. sports-betting business: report

Fanatics to buy PointsBet’s U.S. sports-betting business: report

Fanatics Inc. will buy the U.S. operations of Australia’s PointsBet, CNBC reported late Sunday, in the company’s largest foray yet into sports betting. Citing sources familiar with the matter, CNBC reported the deal, worth about $150 million, could be announced as soon as later Sunday night. CNBC said the acquisition only applies to PointsBet’s PBH,…

Who will win the race for best AI assistant: Google, Apple, Meta or Amazon?

Who will win the race for best AI assistant: Google, Apple, Meta or Amazon?

Personal assistants such as Alexa and Siri are being offered by the biggest names in technology, and Morgan Stanley analysts said Wednesday that one company should be favored to take a big chunk of that market as artificial intelligence adds to their capabilities. Morgan Stanley analysts think Alphabet Inc.’s GOOG, +0.87% GOOGL, +0.81% Google is…

George Soros bet on railroads, fitness, gig economy and lightened load on Disney, Amazon, dumped Tesla

George Soros bet on railroads, fitness, gig economy and lightened load on Disney, Amazon, dumped Tesla

George Soros’s Soros Fund Management placed new bets on railroads and the gig economy during the first quarter, recalibrated its holdings in a struggling media industry and dumped electric-vehicle maker Tesla Inc. During the first quarter, the fund scooped up 363,483 shares of railroad operator CSX Corp. CSX, +0.09%, according to a filing. The fund…

Getaround stock rallies 114% after deal to buy HyreCar

Getaround stock rallies 114% after deal to buy HyreCar

Shares of car-sharing company Getaround Inc. skyrocketed 114% in the extended session Thursday after the company said it plans to buy all of the assets of HyreCar Inc., which offers car rentals for gig-economy drivers, for $9.45 million. The acquisition is expected to accelerate Getaround’s GETR, -6.20% “path to profitability,” the company said. The deal…

JD shares jump in Hong Kong as analysts welcome Q2 outlook, CEO change

JD shares jump in Hong Kong as analysts welcome Q2 outlook, CEO change

Shares of Chinese e-commerce giant JD.com 9618, +7.04% were higher in Hong Kong trade, with analysts unfazed by a management change and welcoming a positive outlook in the wake of first-quarter earnings. Shares were up 6.9% at HK$144.30 in Friday morning trade, paring year-to-date losses to 34%. The gain comes after the company posted a…

PayPal seems on track to ‘clear a low bar.’ Is that enough to help its stock?

PayPal seems on track to ‘clear a low bar.’ Is that enough to help its stock?

E-commerce spending appears to have held up better than expected to start the year, and that could help PayPal Holdings Inc. when it posts earnings Monday afternoon. Shares of the e-commerce company have shed 60% of their value since the start of 2022, with PayPal PYPL executives making a series of guidance cuts during that…

Big Tech has made earnings look better, but here come Disney and PayPal

Big Tech has made earnings look better, but here come Disney and PayPal

Most of the first-quarter earnings blizzard has passed, and the results, overall, haven’t been as bad as expected — thanks in large part to the nation’s biggest tech companies: Apple Inc., Amazon.com Inc. and Microsoft. The S&P 500 index SPXhas largely moved sideways over the past few weeks, as markets try to stomach concerns about…

Etsy’s stock jumps 4% after earnings, revenue top estimates

Etsy’s stock jumps 4% after earnings, revenue top estimates

Etsy Inc.’s stock rose quickly in extended trading Wednesday after the e-commerce company reported quarterly results that topped analyst revenue and earnings estimates. Etsy ETSY, -0.23% reported fiscal first-quarter net earnings of $74.5 million, or 53 cents a share, compared with net earnings of $86.1 million, or 60 cents a share, in the year-ago quarter….

More than 186,000 tech-sector employees have lost their jobs since the start of 2023

More than 186,000 tech-sector employees have lost their jobs since the start of 2023

More than 186,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by the website Layoffs.fyi. The website’s tally of 2023 global tech layoffs has gone up more than sevenfold since mid-January. The data show that 2023 has surpassed 2022 for global tech redundancies, with 637 tech companies…

Tech companies ramping up AI efforts while cutting ethics teams ‘might not be a good look,’ feds warn

Tech companies ramping up AI efforts while cutting ethics teams ‘might not be a good look,’ feds warn

The Federal Trade Commission continued its crusade against deceptive uses of artificial intelligence Monday, suggesting that companies could face trouble by simultaneously misleading customers using AI and cutting back on ethicists who advise businesses on how to use the technology responsibly. The warning comes as large technology companies reportedly have been laying off staffers who…

Where will Bed Bath & Beyond’s customers shop now?

Where will Bed Bath & Beyond’s customers shop now?

It looks like Bed Bath & Beyond BBBYshoppers will soon become Amazon AMZN, Target TGT and Walmart WMT shoppers. Those are the three retailers that stand to benefit the most from the home-focused retailer’s impending closure, according to a consumer survey from Numerator, a data and technology company. Specifically, 68% of shoppers said they…

Pinterest delivers earnings beat, will partner with Amazon on ads

Pinterest delivers earnings beat, will partner with Amazon on ads

Pinterest Inc. topped earnings, revenue and subscriber expectations Thursday while announcing that it plans to open third-party advertising demand on its platform, starting with an Amazon.com Inc. partnership. The company reported a net loss of $209 million, or 31 cents a share, whereas it recorded a loss of $5 million, or 1 cent a share,…

Tech layoffs roll on as Meta and Amazon make cuts

Tech layoffs roll on as Meta and Amazon make cuts

Meta and Amazon are the latest big-name tech companies in the layoffs spotlight, joining Dropbox, Electronic Arts, Palantir Technologies, Twilio, Zoom, eBay, Okta, Splunk, PayPal, IBM, SAP, Spotify, Alphabet, Intel, Microsoft, Coinbase, Cisco, and Salesforce. More than 184,000 global technology-sector employees have been laid off since the start of 2023, according to data compiled by…

Opinion: After a $2 trillion stock rebound, Big Tech wades into sea of uncertainty

Opinion: After a $2 trillion stock rebound, Big Tech wades into sea of uncertainty

Big Tech didn’t offer strong holiday returns, but Wall Street still responded to fourth-quarter results by throwing $2 trillion in valuation at the biggest tech companies. That stock bounce appears to be predicated on a widespread belief that there will be a rebound in the second half of this year, when companies lap the results…