Chip stocks tanked as pandemic demand for electronics slumped, but there are still some winners

After two years of unprecedented chip gross sales and demand associated to the COVID-19 pandemic, a long-feared reversal has struck the semiconductor trade, but some markets are still performing strongly — for now. Wall Street analysts have been expecting a turnaround in the chip sector for months. And as pandemic-era shortages eased and clients understand […]

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Verizon has ‘few palatable choices,’ analyst says in downgrade

Verizon Communications Inc. is in a “particularly difficult position” given present wireless-industry tendencies, and that dynamic has one analyst taking a extra downbeat view on the shares. MoffettNathanson analyst Craig Moffett minimize his score on the telecommunications inventory to underperform from market carry out Thursday, writing that he continues to see “no easy answers” for […]

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This contrarian investor gave a timely warning for the last big tech high. He now sees the biggest drop of this bear market dead forward.

When can we really say goodbye to this bear market? Whereas Financial institution of America’s world fund managers are not “apocalyptically bearish,” some on Wall Avenue stay wary. Add our name of the day to that last batch. It comes from True Contrarian blog and newsletter’s chief govt, Steven Jon Kaplan, who sees buyers mired in what […]

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Cisco earnings and revenue forecast quell fears of slowdown, stock rises

Cisco Programs Inc. shares rose in prolonged buying and selling Wednesday after the networking firm forecast stronger-than-expected revenue development within the months forward, quelling fears of a slowdown in companies’ know-how spending. Cisco  CSCO, -0.24%  reported internet revenue of $3.4 billion, or 68 cents a share, whereas revenue was flat from the 12 months earlier […]

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Apple suppliers to make Watch, MacBook in Vietnam: report

Apple’s suppliers are in talks to produce Apple Watch and MacBook in Vietnam for the primary time, Nikkei Asia reported on Tuesday, citing folks aware of the matter. Apple’s Chinese language provider Luxshare Precision Trade and Taiwan-based Foxconn have began take a look at manufacturing of Apple Watch in northern Vietnam, the report added. Apple has requested suppliers to arrange a take a look at manufacturing line in Vietnam for […]

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Cisco Earnings Are Coming. Supply-Chain Issues Aren’t the Only Thing to Watch.

Textual content measurement Cisco shares closed up 0.4% on Tuesday, at $46.77, off 26% for 2022. Angel Garcia/Bloomberg Traders are eagerly awaiting the newest outcomes from know-how bellwether Cisco to get an replace on the state of enterprise spending. The maker of networking and safety merchandise is slated to report its fiscal fourth-quarter numbers after […]

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Buffett and Berkshire added big to their bets on Ally, Occidental, Paramount and Activision. But these other 6 stocks also got a vote of confidence.

Warren Buffett’s Berkshire Hathaway Inc. added to 9 inventory holdings through the second quarter, lowered holdings of 4 and offered two outright. That’s in accordance to Berkshire Hathaway’s (*6*) most recent 13F filing with the Securities and Alternate Fee. The corporate held 45 stocks with a mixed market worth of $330.1 billion as of June […]

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