Investor home purchases are down over 30 percent year-over-year nationwide, mirroring the trend of individual home purchases over the past several months. A recent report from Redfin indicates the third quarter drop is the largest decline since the Great Recession, with the exception of the second quarter of 2020 due to the Pandemic. Investors bought…
Investor Home Purchases Follow National Trend of Housing Market Slump
How Share Buybacks Benefit Investors
By Kiplinger Staff From Kiplinger’s Personal Finance Question: What are share buybacks? And as an investor, should I be glad about share buybacks or not? Answer: Companies have at their disposal two main options when they want to return cash to shareholders. Dividends tend to be preferred by income investors. A dividend is a cash…
Investors Punish Zuckerberg as Costly Metaverse Pitch Falls Flat
Wall Street is losing patience over Meta boss Mark Zuckerberg’s enormous and experimental bets on his metaverse project that helped drive up the company’s overall costs by a fifth in the third quarter. Investors rushed to dump Meta Platforms Inc.’s stock after hours, pushing it down 20 percent and wiping $67 billion off its market…
Eurozone Investor Morale Edges Up, Recession Still Likely: Sentix
BERLIN—Investor morale in the eurozone was essentially unchanged in August from the previous month, with a slight rise too little to stave off fears of recession in the 19-country currency bloc, a survey showed on Monday. Sentix’s index for the eurozone inched up to -25.2 points from -26.4 in July. A Reuters poll had pointed…
Stocks Closing Mixed; Investors Brace for Fed Meeting
Wall Street capped a choppy day of trading with a mixed finish for stock indexes Monday, as investors brace for another sharp interest rate hike by the Federal Reserve this week as the central bank combats inflation. The S&P 500 edged up 0.1% after fluctuating between gains and losses. The Dow Jones Industrial Average rose…
Microsoft Faces Investor Call to Publish Global Tax Affairs
LONDON—Investors managing more than $350 billion of assets have demanded that Microsoft publish more transparent tax and financial information, as tech giants face growing scrutiny globally over their tax affairs. A shareholder resolution on tax transparency had been filed to Microsoft ahead of its annual investor meeting this year, said the organiser of the action,…
Gauging Investor Sentiment Post-Rate Hike
Commentary The financial markets are reeling. Those who followed the proverbial “sell in May and go away” are sitting in a relatively good position. For everyone else? The U.S. stock market officially entered bear market territory, and the Federal Reserve delivered a massive 75 basis point rate hike, the biggest benchmark rate increase since 1994….
Where Does ServiceNow Stand With Analysts Post Investor Day?
After attending its investor day meet, analysts offered their views on ServiceNow, Inc.. Mizuho analyst Gregg Moskowitz said management expressed bullishness on its growth prospects and targeted $11 billion+ of subscription revenue by 2024, and $16 billion+ by 2026, above its initial targets of $10 billion+ and $15 billion+, respectively. NOW also raised 2024E OMs by 50bps, to 27…
Bank of America Reports Strong Earnings Results: Why This Investor Says the Firm Is Well Positioned Moving Forward
Bank Of America Corp. on Monday reported strong first-quarter financial results led by an increase in consumer lending activity. What Happened Bank Of America said first-quarter revenue grew 2 percent year-over-year to $23.2 billion, which beat the average analyst estimate of $23.1 billion. The firm reported quarterly earnings of 80 cents per share, which beat the…
Here’s How Analysts View Analog Devices Post Investor Day
Analog Devices Inc. highlighted its strategic vision and new financial model at its investor day meet. Piper Sandler analyst Harsh Kumar reiterated an Overweight with a $210 price target (30 percent upside). Kumar expects the company to benefit from several secular growth drivers within the semiconductor industry. Needham analyst Quinn Bolton set a Buy rating with a $205 (26 percent…
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