ast week, the S&P 500 had its best week since July 2013.
Markets rebounded from a sharp tech sell-off with support from strong earnings in banking, retail, and Internet stocks.
The Dow Jones today ended up 1.00% to 16,424.65 on U.S. Federal Reserve Chair Janet Yellen’s comments that the U.S. economy was on the rise.
Google Inc. (Nasdaq: GOOG, GOOGL) will report 2014’s first-quarter earnings after the bell today (Wednesday), and analysts are predicting earnings per share (EPS) of $6.39 on revenue of $15.5 billion.
Facebook (Nasdaq: FB) stock still has a lot to prove if it wants to win over value investors, but it took a big step in that direction Wednesday with the announcement of its addition to both the S&P 500 and S&P 100 Indexes.
On Nov. 11, Chinese e-commerce giant Alibaba Group Holding Ltd. set a company record for most sales in a 24-hour period when $5.7 billion was exchanged over its network of websites.
If you think Amazon.com Inc. (Nasdaq: AMZN) will do a booming business on Cyber Monday this year, consider that Chinese shoppers will spend more money today with that country’s top e-commerce website, Alibaba.com Ltd., than American shoppers will spend on Black Friday and Cyber Monday combined.
This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street…
This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street…
One of the most closely watched earnings reports comes after the close Wednesday when Facebook Inc. (Nasdaq: FB) earnings for the second quarter are released.
Wall Street analysts expect the company to post earnings of $0.14 per share on revenue of $1.62 billion, up from $0.12 per share on $1.18 billion in revenue from the same quarter a year ago.
After scouring the numbers, the key question will be how well the company is monetizing its massive mobile user base.
Missing amid the numerous stock market milestones and seemingly unstoppable rallies since the start of the year is Facebook stock.
