Tech Reopening Plays Such as Expedia and Lyft Soar on Pfizer's Vaccine News
Tech companies seen as well-exposed to things such as travel and dining spend are rallying, as are many enterprise hardware and chip equipment stocks.
Fabrinet Slumps After Earnings Forecast Disappoints
The optical and electronic manufacturing service provider issues a fiscal first-quarter forecast below Wall Street estimates.
Tech Stocks That Look Fairly Cheap Following the Rout
Though many tech names still carry high multiples, there are now quite a few with reasonable valuations.
Verizon and Facebook spending plans give strong clues to tech earnings
This earnings season is already showing that capital spending from cloud giants remains far stronger than spending from traditional carriers. That affects quite a few hardware and chip firms.
Optical component stocks are worth a look following Finisar's tumble
Though Finisar and a couple of other component vendors have offered disappointing outlooks, strong demand from cloud giants should continue propping up the industry.
Tesla Stock Slides On Reports of California Layoffs, Office Closure
Tesla has reportedly closed its San Mateo office, and laid off 200 employees, as it begins a wave of cost cuts throughout the carmaker's global operations.
Disney Stock Lower As Board Extends Contract of CEO Bob Chapek
"Bob is the right leader at the right time for The Walt Disney Company, and the board has full confidence in him and his leadership team,' said Disney chair Sue Arnold.
Bed Bath & Beyond Stock Plunges On Q1 Loss, CEO Mark Tritton Exit
"After thorough consideration, the Board determined that it was time for a change in leadership," said independent director Harriet Edelman.
Pinterest Stock Slumps As CEO Ben Silbermann Steps Down To Make Way For Former Google Executive Bill Ready
"I've learned firsthand that it is indeed fun to do the impossible," said co-founder Ben Silbermann. "And with Bill as our CEO, I know that the fun is just getting started."