Month: November 2020

Zoom Video Communications (ZM) reported third-quarter earnings and revenue late Monday that topped analyst estimates, but the size of its beat-and-raise earnings lagged earlier coronavirus pandemic-driven boom quarters. Zoom stock fell in extended trading. X The “work-from-home” stock had retreated heading into earnings amid positive vaccine news and a lofty valuation. San Jose, Calif.-based Zoom…

Published: Nov. 30, 2020 at 5:03 p.m. ET Exxon Mobil Corp. XOM, -5.12% said late Monday it will focus on a few of its near-term, oil-rich assets that show more promise, including developments in Texas’s Permian Basin and in South America, as it looks to prioritize between $16 billion and $19 billion in capital and…

It’s been an impressive November for S&P 500 stocks. And the month served up another reminder of the power in picking top stocks. X The top 10 S&P 500 stocks in November, including almost entirely energy companies like Occidental Petroleum (OXY), Apache (APA) and Diamondback Energy (FANG), powered more than 45% higher in the month,…

Dividend stocks are the Swiss army knives of the stock market.When dividend stocks go up, you make money. When they don’t go up — you still make money (from the dividend). Heck, even when a dividend stock goes down in price, it’s not all bad news, because the dividend yield (the absolute dividend amount, divided…

New fraud allegations against Chinese electric-vehicle maker Kandi Technologies come at a particularly bad time for Wall Street. On Wednesday, the House has scheduled a vote on the Holding Foreign Companies Accountable Act, which could lead to the eventual delisting of Alibaba stock, JD.com (JD), Nio (NIO) and other China stocks. X Alibaba (BABA) fell…

Stocks finished lower Monday as markets came off record highs that were spurred by optimism over the potential for a near-term coronavirus vaccine and relief for the U.S. economy.Here are some of the top gainers for Monday1. MicroStrategy | Percentage Increase 26%Microstrategy  (MSTR) – Get Report advanced after Andrew Left’s Citron Research recently said the enterprise analytics software…

Shares in Slack Technologies (WORK) popped on a report that Salesforce.com (CRM) will announce an acquisition of the maker of workplace collaboration software late Tuesday. While Slack stock rose, Salesforce stock fell amid views that the deal will require a large equity component. X Slack stock gained 5.4% to close at 42.88 on the stock…

Does everyone need to hire a professional to manage their finances? After all, the financial advice field is booming. From robo-advisors to banks, brokerages to independent financial advisors and financial planners, it seems that everywhere you look there’s someone clamoring to manage your money. But the answer to that opening question is: not necessarily. With a…

Consumer demand for 5G smartphones is stronger than expected, raising prospects for iPhone maker Apple (AAPL) and chip foundry Taiwan Semiconductor Manufacturing (TSM), investment bank Morgan Stanley said Monday. Apple stock rose on the news, while TSM stock dropped. X “We are buyers of stocks exposed to stronger-than-expected consumer 5G demand,” Morgan Stanley analysts said…

Shares of Zoom Video Communications  (ZM) – Get Report dropped 5% after-hours Monday following the company’s fiscal third quarter earnings release. The San Jose-based company reported quarterly earnings of 99 cents per share on revenue of $777.2 million. Analysts were expecting Zoom to report earnings of 76 cents per share with revenue of $693.95 million.  “We remain…