Shares of residential solar company SunPower (NASDAQ: SPWR) were plunging in Friday trading, down 22.4% as of 2:12 p.m. ET. The company released an 8-K form late Wednesday, July 3, informing investors that its auditor, Ernst & Young, had resigned as of June 27. And the reasons for the resignation didn’t sound good. Statements from […]
Shares of Nike (NYSE: NKE) plunged after the athletic apparel and footwear company disappointed investors by forecasting a surprise sales decline for fiscal 2025. The stock is now down about 30% year to date. These recent losses have extended Nike’s decline since the stock hit its peak in 2021, and shares are down about 10% […]
Shares of NextEra Energy Partners (NYSE: NEP) fell on Monday, down 8.7% in today’s trading. The master limited partnership (MLP) focused on buying and holding renewable energy projects from parent utility NextEra Energy (NYSE: NEE) was down after a Wall Street analyst downgraded the stock and lowered his price target. Why? A potential cut to […]
Buying stocks in quality companies and holding them for years, if not decades, has proved to be the clearest path to wealth generation — but it’s easier said than done. Most investors buy with the intention of holding through the usual ups and downs that are part of stock ownership. Yet the real test comes […]
An investigation is underway after a Southwest Airlines flight plunged to 400 feet above the Pacific Ocean near a Hawaiian island this spring, the Federal Aviation Administration confirmed Monday. The frightening incident took place the morning of April 11 on Southwest Flight 2786, tracking data obtained by USA TODAY shows. The plane briefly dropped at “an […]
Coming into its first-quarter earnings report, Signet Jewelers (NYSE: SIG) appeared to be executing its business plan effectively. The world’s largest retailer of diamond jewelry had successfully made the case that it is reinventing its business, expanding margins, and leaning into its competitive advantages, such as the digital channel and customer loyalty. It had also […]
Roughly twice a year for the last five years, the same thing keeps happening to shares of energy-drink company Celsius Holdings (NASDAQ: CELH): Shares drop 20% or more. And as of this writing, Celsius stock is down once again, this time falling more than 30% in just the last few weeks. For investors who hate […]
(Bloomberg) — French markets tumbled as President Emmanuel Macron’s shock decision to call an election gave investors yet another reason to ditch the nation’s securities. Most Read from Bloomberg Stocks slumped, with banks leading losses, as uncertainty over who will govern France added to existing angst about the country’s fiscal woes. Yields on French bonds […]
UiPath‘s (NYSE: PATH) first-quarter report was a baffling affair. The reported results were within management’s guidance ranges, but a top-end revenue reading was undermined by low-range profits and downright disappointing forward guidance. The business automation expert lowered its full-year revenue forecast by 10% and the operating profit projection by 51%. Many analysts were quick to […]
Elon Musk faces allegations that he illegally sold $7.5 billion worth of equity in Tesla in the fourth quarter of 2022, knowing that the business would disappoint after promising investors an “epic end of year.” In a lawsuit filed with a Delaware court late last week, shareholder Michael Perry accused both the CEO of deliberately […]
Shares in Intel (NASDAQ: INTC) tumbled 30% over the last three months. The company has faced a series of challenges, including the aftermath of poor market conditions, heavy investment in a new venture, and losing market share in central processing units (CPUs). But recent earnings and a shift in its business model could represent a […]
It’s always interesting when a high-level stock like Boeing (NYSE: BA) slumps because the market often overreacts, creating a good buying opportunity. However, there’s no guarantee that what goes down must come up again. Here’s a look at why the stock fell and what it means for investors. Boeing’s management speaks CFO Brian West’s presentation […]