955 days ago
JD.com, a Chinese e-commerce behemoth and a growing power in supply-chain services, announced second-quarter revenue and earnings above of estimates on Monday, but the stock fell as a result. After the business reported earnings, JC.com stock fell 0.6% in the premarket in the U.S., while the group's Hong Kong-listed shares jumped 0.91% on Monday ahead of the news. Source: Barron's
955 days ago
Fears of a slower economic recovery and an impending reduction in US assistance weighed heavily on global stock markets, which had their worst week since June. The FTSE All-World index declined 1.8% this week, as China tightened data protection standards for its fast-growing technology industry, while countries like Australia and New Zealand imposed emergency lockdowns due to coronavirus fears. Source: Financial Times
955 days ago
T-Mobile US Inc. shares slid this week after the company announced it was investigating claims of a security breach. T-Mobile confirmed Aug. 18 that a subset of company customer data had been accessed by unauthorized individuals. This subset included just over 40 million records of former or prospective customers who had previously applied for credit with the carrier, as well as 7.8 million current T-Mobile postpaid customer accounts' information. Both figures were subsequently raised on Aug. 20. Source: spglobal
958 days ago
Every single analyst who rates the stock, a total of 55, advises clients to buy it. Long-term tailwinds are expected for its online retail and cloud computing sectors, as well as a more dominant advertising business, according to experts. The average analyst price objective predicts a gain of roughly 30%, far and by the most among mega-caps. Source: Bloomberg
958 days ago
The chip-making company Applied Materials managed to give a promising forecast regarding its operations. Revenue will be roughly $6.3 billion in the three-month period ending in October, vs. an analyst estimate of $6.04 billion on average. Profit will be $1.87 to $2.01 a share in the fiscal fourth quarter, compared with an average estimate of $1.81. Source: Bloomberg
