Gap (GPS) reported third-quarter earnings that beat analyst forecasts on both the top and bottom lines, though comparable sales fell. CRFA Analyst Zachary Warring tells Yahoo Finance Live that the results show the retailer is "definitely going the right direction." With new CEO Richard Dickson having started in August of this year, Warring urges that “it’s a little early to tell” whether Dickson’s impact can be gauged yet. Warring notes a need for more stabilization in the top line—especially if consumer weakness persists. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Gap (GPS) reported third-quarter earnings that beat analyst forecasts on both the top and bottom lines, though comparable sales fell.
CRFA Analyst Zachary Warring tells Yahoo Finance Live that the results show the retailer is "definitely going the right direction." With new CEO Richard Dickson having started in August of this year, Warring urges that “it’s a little early to tell” whether Dickson’s impact can be gauged yet. Warring notes a need for more stabilization in the top line—especially if consumer weakness persists.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
TipRanks
In the constantly evolving tech industry, tech giant Microsoft (NASDAQ:MSFT) has found a way to stay relevant year after year. Microsoft is undoubtedly one of the best businesses in the world, and financial metrics prove this, but that doesn’t necessarily mean you should buy its stock. Near an all-time high, Microsoft’s valuation just doesn’t make sense. Therefore, we are neutral on the stock. The Numbers Point Toward an Amazing Business There are several ways one could analyze Microsoft stock a
Bloomberg
(Bloomberg) -- Applied Materials Inc., the largest US maker of chipmaking machinery, slid in late trading following a report that it faces a US criminal investigation for allegedly violating export restrictions to China. Most Read from BloombergHamas Mastermind Who Tricked Israel Is Top Target in Gaza Tunnels‘Fed-Friendly’ Data Lift Bonds as S&P 500 Wavers: Markets WrapAston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion ValuationApple Plans to Make It Easier to Text Between iPho
Investor's Business Daily
Nvidia, a giant in data centers and gaming, is supercharging investor interest in artificial intelligence. Is Nvidia stock a buy after breaking out, with earnings due soon? On Nov. 13, Nvidia unveiled the highly anticipated H200, its latest graphics processing unit for training AI (artificial intelligence) models.
Investor's Business Daily
This month's list of new buys by the best mutual funds once again shows that the artificial intelligence boom is not over. Top money managers placed massive bets on AI stocks Amazon.com and Palantir. Driving that demand, Amazon delivered 236% earnings growth in the third quarter, while Palantir's 600% EPS growth continues to propel PLTR stock toward a fresh breakout.
Bloomberg
(Bloomberg) -- Raising Cane’s Restaurants has grown to more than 750 locations worldwide, drawing lines when its flagship Times Square store opened in New York this summer.Most Read from BloombergHamas Chief Who Deceived Israel Is Target No. 1 Deep UndergroundBiden, Xi Declare Progress After Concluding Four-Hour SummitXi Says China Seeks to Be Friends With US, Won’t Fight ‘Hot War’‘Fed-Friendly’ Data Lift Bonds as Stocks Struggle: Markets WrapThe craving for its chicken fingers, toast and sauce
Reuters
NEW YORK (Reuters) -Shares of Intel rose by nearly 7% on Thursday, hitting their highest level in 17 months, after Mizuho Securities upgraded its rating on the semiconductor maker's stock to "buy," citing prospects of increased revenue from forthcoming chips and new production facilities. Intel is set to unveil a new data center and artificial intelligence chips in 2024, expected to be one of its most "prolific product launch in years", as well as open new chip-making facilities called foundries, Mizuho analysts, led by automotive and semiconductor specialist Vijay Rakesh, said in an investor note on Wednesday. Mizuho upgraded Intel's stock to "buy" from "neutral" and raised its price target on the shares to $50 from $37.
Benzinga
In 2017, at the Daily Journal Corporation Annual Meeting, Charlie Munger, renowned for his investment expertise and role as Berkshire Hathaway’s vice chairman, addressed a range of topics, offering insights that extended beyond the financial realm. The Daily Journal Corporation, a significant legal affairs publishing company in Los Angeles, provided the setting for Munger’s discourse. During the meeting, Munger, then 93, replicated the essence of a Berkshire Hathaway shareholder meeting, delvi
Read more --->