Text size Cathie Wood Courtesy of ARK ARK Invest founder Cathie Wood is a long-time Tesla bull. Her 2026 price target for the electric-vehicle maker’s shares is $ 4,600. Tesla, though, is not the largest holding in ARK Innovation ETF anymore. That distinction now goes to video streaming streaming service provider Roku (ticker: ROKU). It … Read more
Text size Apple makes up 40% of Berkshire Hathaway’s equity portfolio. Johannes Eisele / AFP via Getty Images Warren Buffett loves Apple , but Berkshire Hathaway’s big holding in the iPhone maker is hurting: Apple shares are down about 20% this quarter. Berkshire Hathaway (ticker: BRK. A, BRK. B) had roughly 911 million Apple shares … Read more
Text size A weak sales forecast from Cisco sends shares of other networking companies tumbling. Justin Sullivan / Getty Images Shares of Cisco Systems were sharply lower Thursday after the networking gear maker issued a weak sales forecast for its current quarter. The warning sent stocks of other networking companies tumbling. Cisco (ticker: CSCO) said … Read more
Bitcoin and other cryptocurrencies continue to slide deeper into a bear market. Dreamstime Text size Real-world uses for Bitcoin and other cryptocurrencies were always a bit flimsy. But the deepening bear market is shaking even those dubious applications, according to JP Morgan’s top investment strategist. “Fortune may not favor the brave after all,” said Michael … Read more
Traders on the floor of the New York Stock Exchange last week. The Dow Jones Industrial Average had its worst day since 2020 on Wednesday. Photo by Spencer Platt / Getty Images Text size Sometimes it takes just one stock to bring the market’s worst fears to life. On Wednesday, that stock was Target. It … Read more
The worst selloffs began in 1973, 2000 and 2007. Spencer Platt / Getty Images Text size With the latest 4% drop on Wednesday, the S&P 500 index is now 18% below its all-time high and dangerously close to a bear market, defined by a 20% fall from the peak. Where it goes from here is … Read more
Text size Things may be worsening at a rapid pace for Amazon. Cindy Ord / Getty Images Amazon . com shareholders just got another reality check from Walmart spirit Target . The surprising inability of two major US retailers to contain inflationary pressures — along with rising evidence of weakening shopping behavior — mean that … Read more
Text size Lowe’s relies more on do-it-yourselfers than Home Depot. Mario Tama / Getty Images Lowe’s earnings topped estimates, but the stock fell regardless on Wednesday morning. The home-improvement retailer reported net earnings of $ 2.3 billion in its fiscal first quarter, ending April 29. On a per-share basis, earnings were $ 3.51, topping Wall … Read more
Text size Target earnings fall well short of analysts’ expectations. AFP via Getty Images Target stock was tanking after the retailer reported first-quarter adjusted earnings of $ 2.19 a share, well below analysts’ forecasts. It was not just the past quarter that is causing Target stock, down nearly 22%, to tumble. The retailer also said … Read more
Walmart like many of the families that shop in its stores, is getting squeezed by higher food prices and other rising costs. The country’s largest retailer by revenue said sales increased in the most recent quarter, but higher product, supply-chain and employee costs ate into profits, sending the retailer’s stock sharply lower Tuesday. .