Investing
Ford Motor stock is falling after its third-quarter results came in light. Investors probably won’t like what’s going on in the electric-vehicle business either. Thursday evening, Ford (ticker: F) reported an operating profit of $2.2 billion and earnings per share of 30 cents from sales of $43.8 billion. Wall Street…
Industrial firm Honeywell International reported third-quarter earnings that beat estimates. Guidance was fine, too. After a relatively weak year for Honeywell stock (ticker: HON), investors were hoping for a post-earnings bounce. They didn’t get it in Thursday trading. Honeywell earned $2.27 per share on sales of $9.3 billion. Wall Street…
Amazon shares gained ground after the company posted better-than-expected financial results for the September quarter. Amazon (ticker: AMZN) said third-quarter sales were $143.1 billion, up 13% from a year ago, accelerating from 11% growth in the June quarter, and above the high end of the company’s guidance range. Profits were…
It’s gonna get rough for wheat farmers and buyers this year. Suboptimal weather across key growing areas and potential disruptions emanating from the war in the Middle east are to blame. The weather problem has already begun. A dire combination of dry weather simultaneously occurring in four of the largest…
Enphase Energy projected that the current slowdown in solar-product sales would last through the first quarter of 2024, sending the stock down 22% in premarket trading Friday. Third-quarter earnings from the maker of solar-power equipment, released after the market closed on Thursday, squeaked past expectations. Per-share earnings were $1.02, while…
Consumers plan to boost their holiday spending this year by 14%, besting pre-pandemic levels for the first time, although shoppers say the price will be the leading factor in choosing where to shop, a trend that should most benefit big box retailers. Those are some of the headline findings in…
Intel provided a better-than-expected revenue forecast for its December quarter, pushing its stock higher in late trading. But the more important news may be that the company is signing up more customers for its chip manufacturing services. Intel reported third-quarter adjusted earnings per share of 41 cents, compared with Wall…
Despite appallingly incorrect forecasts of an imminent recession for the last year and half, one will arrive. Well eventually one will. It’s the nature of the business cycle. Risk-takers don’t always have the same appetite for risk. There are time when they do the smart thing and lower their risky…
Shares of Enphase Energy Inc. ENPH, -14.65% plunged 17.1% toward a three-year low in after-hours trading Thursday, after the solar and battery systems company missed third-quarter revenue expectations and provided current-quarter outlook that was well below forecasts, amid due a slowing economy in the U.S. and softening demand in Europe.…
The Fed is broadly satisfied with cooling inflation for the U.S. economy over recent months, but will it continue? As 2023 draws to a close, there are some risks to inflation’s trajectory, specifically housing, services and energy will, in combination, likely define inflation’s path. Recent Trends So far in 2023…