Well, that’s it, pack it up, let’s sell our stocks and go home.
If only, amirite? With everyone on Wall Street calling for the end of the market’s high times, reports of a complete implosion seem to be a bit premature.
Sure, Amazon.com Inc.’s earnings didn’t stack up to estimates but what’s the indictment on the company? They are investing TOO much in their own business? Wasn’t this the same thing we praising Amazon for just a few quarters ago. Remember the days of damming Bezos because the company could never turn a profit. We keep flip-flopping on Amazon, let’s try to come to a consensus. We’ve got the long and the short view from the newsroom today.
The two-day tech sell-off captivated investors during the latter part of the week, but beneath the surface there were some positive stories in the tech sector (and elsewhere, for that matter) that have gone pretty unnoticed.
Intel Corp., for instance, has an interesting blueprint for delivering moderate sales and earnings growth that includes investing big in major data center and cloud opportunities while keeping a PC cash cow roughly steady. Unlike Microsoft Corp., which has made a similar strategy its blueprint, Intel's M.O. could be upended by the resurgence of an old rival—Advanced Micro Devices Inc. (AMD)—that's in the midst of rolling out a string of intriguing products.
And let's not forget the happenings, or lack thereof, taking place in Washington, where healthcare remained a hot button issue. Sen. Elizabeth Warren was on a tear this week, on Thursday urging Treasury Secretary Steven Mnuchin to investigate Carl Icahn's involvement in American International Group Inc. in the aftermath of the 2008 financial crisis and then on Friday scoring a victory against Wells Fargo Co. by getting it to agree to repay some $80 million tied to shoddy auto loans.
Check out the highlights below.
Michael D. Brown, Assignments Editor, TheStreet Inc.
The British pharma company suffers a setback with a lung-cancer drug it touted as a defense against a Pfizer takeover bid three years ago, and could be back in play.
Its latest earnings don't bode well for Twitter.
Dunkin' CEO Nigel Travis talks with TheStreet.
A deep dive into the latest earnings report shows plenty to worry about.
Cheese is not in short supply.
The Amazon chief is now worth more than $90 billion.
All the details.
McKesson faced some opposition at its shareholder meeting from an unconventional activist investor—a labor union.
The downtrodden sector offers better upside potential than financial and industrial stocks, which are trading at or near their highs.
Amid the battle of unlimited plans, AT&T's profitability grows and Verizon gains
Apple, Facebook, Google and other global tech elite have integrated PayPal into their ecosystems in recent months.
Twitter's Jack Dorsey is spread too thin and everyone seems to see it except him.
Some analysts were skeptical. Not so much anymore.
It's not time to replace CEO Lloyd Blankfein, one major investor says.
Michael Corbat aims to keep dividends and buybacks at $19 billion or more, too.
Sign up to get started or log in to see your watchlist.
Enter a symbol above to add it to your watchlist.
A confirmation email has been sent to the address provided during registration. Please click on the appropriate link to confirm your email address.