We step into the new year with a largely unchanged macroeconomic backdrop and a recession waiting for us. However, investors can maintain a healthy portfolio if they keep a longer-term view, shutting out all the noise. In that context, we kickstart 2023 with five stocks picked by Wall Street’s top analysts, according to TipRanks, a service that ranks analysts based on their past performance. STAAR Surgical … Read more
Joe Rosenberg’s relationship with Barron’s goes back to 1963, when he wrote a bullish article on Trans World Airlines that resulted in a pop in the stock. Rosenberg, 89, spent much of his career at Loews (L), the conglomerate run by the Tisch family, as chief investment officer and then chief investment strategist. He retired … Read more
Concerns surrounding the growth of big tech do not apply to George Soros. The Federal Reserve‘s decision to aggressively raise interest rates to fight inflation, which is at a 40-year high, threatens to push the economy into a recession, many analysts say. This inflation, which is particularly impacting consumers, is a huge problem for the … Read more
Google’s parent Alphabet faced a call from a large shareholder on Tuesday to cut its soaring headcount and slash high salaries paid to non-engineers, in the latest sign of the pressure building on the biggest US tech companies to overhaul their businesses for an era of slower growth. TCI, a hedge fund that said it … Read more
By Anirban Mahanti, PhD This earnings season has been brutal for big technology companies. Microsoft MSFT, Alphabet GOOG, and Amazon AMZN saw their shares shellacked following their earnings releases. However, Apple AAPL has escaped unscathed, with the stock price rising more than 5% upon reporting. Widen the horizon to the past year, Apple has been like the Rock of Gibraltar, while … Read more
Market-cap prices have been updated to trillions, not billions. Apple Inc. shares have held up far better than those of its Big Tech peers over the past month, and that’s helped the company to a staggering feat: The smartphone giant is now worth more than Alphabet Inc., Amazon.com Inc. and Meta Platforms Inc. combined. Apple … Read more
US tech stocks oscillated between gains and losses in choppy trading on Wednesday, following disappointing results from Alphabet and Microsoft. Google parent Alphabet reported a severe slowdown in its search ads business, sending its shares down as much as 9 per cent after the New York opening bell. Microsoft’s stock slid as much as 8.2 … Read more
U.S. stock futures fell on Wednesday after results from tech behemoths Microsoft and Alphabet disappointed investors. How are stock-index futures trading S&P 500 futures ES00, -0.70% dipped 23 points, or 0.6% to 3847 Dow Jones Industrial Average futures YM00, -0.13% rose 2 points, or 0% to 31879 Nasdaq 100 futures NQ00, -1.60% eased 164 points, … Read more
Alphabet executives described its plans to reduce hiring as Google’s parent company reported its third-quarter earnings. “Our Q4 headcount additions will be significantly lower than Q3,” CEO Sundar Pichai said on the earnings call Tuesday evening, adding that the tech giant will be “focused on moderating operating expense growth.” Sundar Pichai speaks onstage Vox Media’s … Read more
Alphabet (GOOGL): Shares of Google’s parent company fell in extended trading after the company missed Wall Street estimates on the top and bottom lines. Sales for the quarter was $69.09 billion, up 6% from a year ago. Earnings were $1.06 a share. YouTube advertising revenue fell from the previous quarter to $7.1 billion, below analyst … Read more