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Follow this list to discover and track the stocks that were bought the most by hedge funds in the last quarter.
American companies have been crucial in helping Huawei Technologies Co. become the world’s dominant telecommunications player. Inc. are top suppliers of Huawei, which buys their components to make equipment such as base stations and routers and Huawei mobile phones. Qualcomm and Intel are also working with Huawei on its development of next-generation 5G technologies, a field in which the Chinese company’s aim to be a global leader has alarmed some in Washington.
The pattern began in September and has seen growth stocks punished disproportionately—with technology shares suffering some of the worst carnage. Included in that group are a number of market leaders that recently reported beats on revenue and earnings, along with raised forward guidance. Among the tech and communications-services leaders that have topped profit forecasts and boosted guidance are (NFLX) (ticker: NFLX), (PANW) (PANW), (CRM) (CRM), and (INTC) (INTC).
CenterPoint (CNP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Utilities are shutting down at least 18 of General Electric Co's newest gas turbines for repairs at power plants from Taiwan to France, according to more than a dozen interviews with plant operators and industry experts. The shutdowns, which follow a recent GE turbine blade failure in Texas, come as GE grapples with financial losses and a drop in orders for the massive generators that can supply electricity to hundreds of thousands of homes. GE is setting aside $480 million to repair its 9HA, 7HA and 9FB model turbines as it restructures its power business.
LOS ANGELES—The sale of major assets of 21st Century Fox Inc. will create two juggernauts of programming, Walt Disney Co. and Comcast Corp., that will tower over a rapidly consolidating media and entertainment landscape, according to a report by Ampere Analysis. Disney’s $71 billion deal to acquire Fox’s film and television divisions and Comcast’s agreement to buy the pay-TV operator Sky PLC will create companies that together control nearly 40% of all programming spending in the U.S., the analysis found. The findings underscore how traditional Hollywood studios are responding to the threat posed by Netflix Inc., which has pledged to spend $8 billion on programming and helped drive Disney to buy Fox in the first place.
American regulators resurrected a long-simmering fight over their inability to inspect audits of Chinese companies that are traded on U.S. stock exchanges, saying the situation prevents investors from getting information they need. The U.S. Securities and Exchange Commission said Friday that, despite several years of talks with its Chinese counterparts, regulators still face obstacles to getting information needed for accounting investigations and inspections of China-based auditors. “China’s state security laws are invoked at times to limit U.S. regulators’ ability to oversee the financial reporting of U.S.-listed, China-based companies,” the SEC said in a joint statement with the Public Company Accounting Oversight Board.
NEW YORK (Reuters) - Utilities are shutting down at least 18 of General Electric Co's newest gas turbines for repairs at power plants from Taiwan to France, according to more than a dozen interviews with plant operators and industry experts.
Citigroup needs to cut costs to meet its efficiency target for the year, says Wells Fargo analyst Mike Mayo.
Oil markets appeared to have given up all hope of a production cut deal, but at the last possible minute OPEC+ came through and oil prices spiked
No rest for a weary Wall Street. Stocks are getting crushed again. Plus, Apple is tumbles again as another bank gets bearish. It’s the call of the day. And, what does the jobs report mean for the Fed’s calculus and the markets? Plus, there’s more intrigue on the Huawei case that roiled markets this week. We have the latest. Catch The Final Round at 3:30 p.m. ET with Myles Udland and Seana Smith.
As of December 7 at 12:15 PM EST, Apple stock was down 2.4% from its previous day’s closing price, extending the losses it had seen in the last couple of sessions. On a quarter-to-date basis, AAPL has fallen 22.6% compared to the 10.3% fall in the NASDAQ Composite Index (QQQ) in the fourth quarter so far. Earlier today, popular investment company Morgan Stanley revised its price target on Apple stock to $236 from $253, CNBC reported.
The Chinese e-tailer directed a successful Singles Day sales event, and international trade tensions seemed to cool down -- for a while.
Vale (VALE) hosted Vale Day in New York on December 4. It’s aiming at maintaining discipline in capital allocation and remains committed to continuing to distribute free cash flow to shareholders. Vale’s president and CEO, Fabio Schvartsman, said, “We made in this bold remark that Vale would be the company to generate more value to its shareholders.
On December 7, the US November jobs report was released. The report showed 155,000 jobs additions—compared to the consensus expectations of 198,000. The October non-farm payroll data were also revised downwards.
Sempra Energy (SRE), California’s largest utility by market capitalization, has stayed strong in the stock market while other California utilities have tumbled due to recent wildfires. Sempra stock has risen 11% this year, while PG&E (PCG) and Edison International (EIX) have fallen 40% and 10%, respectively. Sempra Energy is one of the fastest-growing utilities in the country, and its Oncor Electric acquisition could boost its earnings growth.
The banks have been under fire this week. After sounding the alarms for the group earlier this year, one technician has had a change of heart.