Alibaba earnings highlight ‘attractive turnaround story,’ though stock gives back gains

Alibaba earnings highlight ‘attractive turnaround story,’ though stock gives back gains

Alibaba Group Holding Ltd.’s shares looked to be giving back their post-earnings gains in Friday trading, but analysts generally had praise for the Chinese e-commerce giant’s latest results. The company reported essentially flat revenue growth for its June quarter on Thursday morning, while signaling an improvement in business trends as the period wore on as … Read more

Fuel cell-powered truck maker Hyzon’s stock suffers record plunge after accounting questions raise delisting fears

Fuel cell-powered truck maker Hyzon’s stock suffers record plunge after accounting questions raise delisting fears

Shares of Hyzon Motors Inc. were suffering a record plunge toward a record low Friday, after the maker of fuel cell-powered trucks disclosed a “myriad of issues,” including accounting regularities that will cause it to miss the filing deadline for second-quarter results. That prompted a number of analysts to back away from their bullish stances, … Read more

AMC takes aim at massive debt burden with ‘APE’ special dividend

AMC takes aim at massive debt burden with ‘APE’ special dividend

AMC Entertainment Holdings Inc. took Wall Street by surprise with the announcement of its “APE” special dividend after market close on Thursday. This, of course, is a company that is no stranger to bold moves, as evidenced by the movie theater chain’s $ 27.9 million investment in gold and silver miner Hycroft Mining Holding Corp. … Read more

AMC announces special dividend in the form of ‘Ape’ preferred shares; stock falls

AMC announces special dividend in the form of ‘Ape’ preferred shares;  stock falls

AMC Entertainment Holdings Inc.’s stock fell more than 10% in extended trading on Thursday after the company announced a special dividend in the form of “Ape” preferred shares. The dividend marks the latest move in a fight over stock issuances. AMC Entertainment Holdings Inc. AMC, + 2.47% has turned to the special dividend after it … Read more

Opinion: The S&P 500 is so close to crossing this crucial level and challenging the bear market’s trend line

Opinion: The S&P 500 is so close to crossing this crucial level and challenging the bear market’s trend line

The S&P 500 index may be about to secure two major bullish SPX, + 0.02% milestones. First, the S&P has rallied from that mid-June low right up to the major resistance at 4170. A two-day close above that level would be quite bullish and would set the stage for a challenge of the downtrend line … Read more

Why the US stock rally looks more like a new bull market than a bear bounce to these analysts

Why the US stock rally looks more like a new bull market than a bear bounce to these analysts

Broader is better when it comes to the stock market rally and some analysts see technical signs that gains may be signaling the end of the 2022 bear market, though it’s too early to say for sure. “The risk that the recent advance is merely a bear market rally has not been eliminated. But… the … Read more

Airbnb stock falls sharply despite earnings beat, plan to repurchase $ 2 billion in stock

Airbnb stock falls sharply despite earnings beat, plan to repurchase $ 2 billion in stock

Airbnb Inc. said Tuesday that it had its first profitable second quarter as a public company, and that it is so confident in its business that it is buying back $ 2 billion of its stock. “Our Q2 results demonstrate that Airbnb has achieved growth and profitability at scale,” Chief Executive Brian Chesky said during … Read more

PayPal stock jumps 12% as company confirms Elliott stake and names EA exec as new CFO amid earnings beat

PayPal stock jumps 12% as company confirms Elliott stake and names EA exec as new CFO amid earnings beat

After seeing its shares lose roughly two-thirds of their value in the past year, PayPal Holdings Inc. delivered a packed earnings report Tuesday, announcing a new chief financial officer, buyback authorization and cost-savings program, while also confirming that activists at Elliott Management Corp. have taken a stake in the company. Additionally, the company topped expectations … Read more

JP Morgan quant who called summer rebound in stocks says rally could continue even if corporate profits decline

JP Morgan quant who called summer rebound in stocks says rally could continue even if corporate profits decline

Investors worried about the next pullback for stocks might want to pause and consider this: the decline in equity valuations since the start of the year already has exceeded the average pullback of other recessionary periods since the early 1990s, according to JPMorgan Chase & Co. ‘ s equity quant Marko Kolanovic. While more Wall … Read more

Opinion: Big Tech shows its good to be big, as growth slowdown leads to stock gains while smaller rivals find only pain

Opinion: Big Tech shows its good to be big, as growth slowdown leads to stock gains while smaller rivals find only pain

After super charged, double-digital growth during the pandemic, the results from the five biggest US tech giants this week showed a slowdown as they grapple with inflation, looming recession and an overall slowing economy, but they were largely rewarded by Wall Street because their size shows their strength. During the last week, all of Big … Read more