Dow Futures Fall 30 Pts; Caution Ahead of Fed Announcement
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- S&P 500, Nasdaq close sharply higher as Broadcom rallies
- Oil prices settle at pre-Iran war levels as crude output grows
- Broadcom stock pops 4% as Apple silicon deal gets extended through 2031
- Buy the pullback in chip stocks, JPM's Matejka says
- Memory stocks rebound as analysts flag a buying opportunity
- Nokia OYJ (NOKIA:FH) (NOK) PT Raised to EUR14 at Kepler Cheuvreux
- Meta capex to surge in 2027, neocloud fears ’erroneous’ - SemiAnalysis
- Broadcom secures role as key Apple supplier with chip deal through 2031
- Dara Khosrowshahi steps down from Grab Holdings board
- S&P 500, Nasdaq close sharply higher as Broadcom rallies
Qualcomm (QCOM) Stock Slides as Earnings, Guidance Disappoints
November 2, 2022 4:19 PM EDTShares of Qualcomm (NASDAQ: QCOM) tumbled in extended trading on Wednesday after the company posted earnings for its latest quarter, missing earnings expectations.
The semiconductor company posted fiscal Q4 earnings of $3.13 per share, $0.02 worse than the analyst estimate of $3.15, with revenue for the quarter coming in at $11.39 billion versus the consensus estimate of $11.35 billion.
Qualcomm shares are currently... More
'Several De-Risking Events Positive' for CVS Health (CVS) - Mizuho
November 2, 2022 12:58 PM EDTMizuho Securities analyst Ann Hynes reiterated a Buy rating and $120.00 price target on CVS Health (NYSE: CVS) following Q3 results as several de-risking events are positive for the stock.
The analyst commented, "CVS announced 1) good Q3:22 earnings, 2) provided 2023 initial 2023 EPS guidance of -3.5%... More
