Applied Materials Inc. late Thursday announced results and an outlook that topped Wall Street estimates, but the stock didn’t start taking off until the company started shedding light on what is driving its strong forecast. Applied Materials AMAT, -1.97% shares fluctuated between gains and losses before the analyst call started …
Read More »Earnings Results: Cisco stock rallies 8% as results, outlook top Street view
Cisco has reported a year-over-year decline in revenue for four consecutive quarters. AFP via Getty Images Cisco Systems Inc. shares surged in the extended session Thursday after the maker of network services, videoconferencing tools and security software’s quarterly results and outlook topped Wall Street estimates, and it announced a new …
Read More »Key Words: Billionaire investor Howard Marks paints grim view of economic outlook: stimulus alone won’t cure ‘down-cycle’
The U.S. stock market has rebounded mightily in recent months but Howard Marks cautions investors to brace for a tough slog in the economy, and that’s even if a fresh fiscal stimulus package can be passed by Congress to help heal the coronavirus-stricken business climate. “Thus, this down-cycle cannot be …
Read More »Coronavirus update: U.S. case tally climbs above 3.8 million; President Trump appears to have changed his view on face masks
The number of confirmed cases of the coronavirus illness COVID-19 in the U.S. rose above 3.8 million on Tuesday, and President Donald Trump appeared to change his view of face masks in the face of falling poll numbers. Trump tweeted an image of himself wearing a mask with a message …
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