Intel, American Express & Visa, Spirit Airlines: Top Stocks
01/27/2024 04:16
Intel (INTC) slips further into the red ahead of Friday's closing bell as the chipmaker's first-quarter 2024 forecast weighs on the stock. Payment card companies American Express (AXP) and Visa (V) reported earnings. AmEx shares move higher after missing on earnings estimates, while Visa stock dips despite an earnings beat. Lastly, shares of Spirit Airlines (SAVE) pullback after JetBlue Airways (JBLU) warned that it could back out of its merger with the discount operator ahead of the deal deadline. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Bloomberg
BrightSpring Sinks in Trading Debut
The KKR-backed BrightSpring Health Services saw its shares fall on Friday after the company priced its $692.9 million initial public offering below a marketed range. Bloomberg's Amy Or reports.
The Wall Street Journal
Intel Hopes for a Factory Reset
Intel is having a serious case of the seasonal blues. The chip maker’s [fourth-quarter results](https://www.wsj.com/business/earnings/intel-intc-q4-earnings-report-2023-8b61b812?mod=Searchresults_pos1&page=1) late Thursday included a highly disappointing forecast for the first quarter. Intel says it expects revenue in the range of $12.2 billion to $13.2 billion, the midpoint of which was 10% below Wall Street’s consensus forecast.
Bloomberg
Bitcoin Crosses $41,000 Level
Bitcoin approached $42,000 amid a slowdown in outflows from the $20 billion Grayscale Bitcoin Trust that strategists said may help to stanch a two-week slump in the token. James Seyffart of Bloomberg Intelligence is tracking the moves. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en
Barrons.com
S&P 500 Wavers as 7-Day Streak Hangs in the Balance
The S&P 500 was wavering between gains and losses Friday afternoon, as the major market index was struggling to notch a seven-day winning streak. The index was up less than 0.1%, or 0.4 points. If the S&P 500 closes higher on Friday, the index would mark its best run since Nov.