Shares of Intel fell after hours on Thursday after the company released its first quarter earnings report which beat investors’ expectations. The Final Round panel breaks down the company’s earnings. ...
Gold prices moved higher on Thursday and are poised to test the April highs at $1,747, before heading higher. An inline jobless claims report, issued early in the US trading session, took some of the fear out of the market and allowed gold prices to rise. Gold has been recently trading in lockstep with US stocks which is unusual....
After last month's selloff driven by the novel coronavirus, many stocks remain far below their 52-week highs. And not just more vulnerable companies. High-quality names like Hilton Worldwide (NYSE:HLT), too. With HLT stock down more than 38% since February, it's obvious investors still believe the hotel giant is not out of the woods yet.Source: josefkubes / Shutterstock.com However, Wall Street is overestimating how long this crisis will last. Sure, things may be tough for a few months. But, based on the current valuation, investors keep pricing in an extended world of hurt for the hotel franchisor.Recovery will come sooner than you think. And with that, travel will pick up, quickly. Whether traveling for business or pleasure, things will rebound once the pandemic is in the rearview mirror. Once that happens, Hilton stock will bounce back to past price levels.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo, why buy now?...
Intel's shares fell 6% in extended trading, as executives tried to brace investors for the possibility that a short-term bump in demand for its processor chips from cloud computing centers and locked-at-home consumers buying PCs could become a slump if the economy enters recession. "It's really hard to think about the second half in terms of how demand is going to look compared to what we ultimately thought when we first gave guidance," Chief Financial Officer George Davis told investors on a conference call. Intel Chief Executive Bob Swan said the company had to "temporarily pause" some projects due to local government restrictions at some sites, but said Intel's factories largely have been able to meet demand....
(Reuters) - Intel Corp forecast current-quarter profit below analysts' estimates on Thursday as the semiconductor industry deals with slack demand due to massive shutdowns from the coronavirus outbreak, sending the chipmaker's shares down 6% in extended trading....
It has been a thrilling ride up and a terrifying one down the past year and change for Walt Disney (NYSE:DIS) shareholders. But after catching its breath on the price chart this past month, as we move further into a new and unwelcoming normal, DIS stock is showing investors the way to the exits. Let me explain.Source: nikkimeel / Shutterstock.com Dow Jones Industrials constituent Disney is in trouble.To be fair it's not of its own doing and has everything to do with the novel coronavirus. That's one piece of good news. Another is the company's streaming Disney+ platform, which has been doing gangbuster business. Alongside competitors Netflix (NASDAQ:NFLX), Apple TV+ from Apple (NASDAQ:AAPL) or Prime from Amazon (NASDAQ:AMZN), "stay at home" or "shelter-in" mandates have been a boon for hours of mindless, couch potato entertainment. But the buck (or more aptly, the $6.99 subscription price for its milestone 50 million subscribers)...
