Opinion: Technology stocks are booming, and these four companies have staying power for years to come

Shares of technology companies from chip makers to FAANGs slumped for a third quarter at the end of September, as softer revenue, profit warnings and fading CEO confidence added to the doom. The backdrop is a widely expected economic recession next year, caused, in part, by aggressive Federal Reserve interest-rate increases to squash inflation. The … Read more

Inflation Reduction Act to have ‘negative impact’ on S&P 500 companies’ profits, analysts say

The reviews keep coming in for the Inflation Reduction Act, and some analysts have now calculated what the Democratic Party’s big climate, healthcare and tax package could mean for S&P 500 companies. “Based on our analysis, the negative impact of the IRA Act on S&P 500 EPS is estimated at ~$4-5 in 2023,” said a … Read more

Dow drops over 300 points as Fed decision looms over market, Treasury yields jump

US stocks traded lower early Tuesday as the Federal Reserve prepared to kick off its two-day interest-rate-setting meeting, with a profit warning from Ford Motor Co. the latest example of the supply chain woes still hitting companies. What’s happening The Dow Jones Industrial Average DJIA, -1.33% dropped 327 points, or 1%, to 30,694. The S&P … Read more

Why FedEx’s profit warning is bad news for the US economy

FedEx Corp. has bad news for investors, but the even-worse news may be what the logistics company’s massive profit warning says about the US economy. “The FedEx news was pretty stark. But when I read it, I wasn’t surprised,” BNP Paribas Chief US Economist Carl Riccadonna told MarketWatch Friday. He said it fits his view … Read more

C3 AI switches business models and reduces sales forecast; stock plunges

C3.ai Inc. shares plunged more than 15% in after-hours trading Wednesday, after the company’s chief executive announced a changed business model and reduced annual revenue guidance. C3 AI AI, -2.23% CEO Thomas Siebel announced that the software company would now charge customers based on how much they use C3’s software, instead of requiring a specific … Read more

Salesforce stock slumps after trimmed earnings and sales forecast outweigh first major stock-buyback plan

Salesforce Inc. executives trimmed their forecast for the year and projected a worse third quarter than Wall Street expected Wednesday, while promising billions in stock repurchases for the first time. Salesforce CRM, +2.28% reported second-quarter profit of $68 million, or 7 cents a share, on revenue of $7.72 billion, up from $6.34 billion a year … Read more

Walmart stock rallies after profit and sales beat expectations, and outlook was raised

Shares of Walmart Inc. surged in premarket trading Tuesday, after the discount retail behemoth reported fiscal second-quarter profit and revenue that beat expectations, and raised its full-year outlook. The results come three weeks after Walmart WMT, +0.29% issued a second fiscal 2023 profit warning in two months, with the company saying inflation had required the … Read more

Block may be in trouble as economy sources, but Cash App could save it for now

On paper, Block Inc.’s varied businesses are all potentially sensitive to a weakening economic environment, and revenue and earnings are supposed to decline from last year. In reality, the story could be more nuanced—at least for now. Block SQ, +10.32% is the (relatively) new corporate name for Square, and it houses a variety of businesses … Read more

Tilray expected to post a quarterly loss with market share losses in Canada and forex headwinds

Tilray Inc. is not expected to turn a profit in its fiscal fourth quarter when it delivers its latest results on Thursday, but analysts have at least held steady on their projected loss for the cannabis company. Wall Street analysts that follow Tilray TLRY, -5.47% TLRY, -5.50% expect the company to lose 8 cents a … Read more

Here’s the threat to markets if investors ignore ‘nontrivial’ stagflation risk

Financial market participants completely missed the non-transitory nature of inflation over the past year, failing in what one portfolio manager describes as “spectacular fashion.” Now, as investors and traders worry about the prospects of a US or global recession, they’re staying tuned to profit warnings like the one from Walmart Inc., which demonstrate that inflation … Read more