Shares of Google parent Alphabet climbed Friday as several analysts raised their price targets for the stock after the tech titan delivered better-than-expected quarterly results and touted the early success of AI features.
Gilead Sciences missed first-quarter revenue estimates as sales of its COVID-19 and cancer drugs declined.
T-Mobile added fewer new phone customers than anticipated in the first quarter, sending shares lower.
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Futures were up overnight, but lost steam early Friday as equities came under renewed selling pressure.
Keurig upgraded, Global Payments downgraded: Wall Street's top analyst calls
Semiconductors are the silicon backbone of the digital revolution. Still, they’re subject to swings in the broader economy because customers often stockpile chips ahead of demand, and investors seem to believe that inventory levels are correcting - over the past six months, the industry has shed 24.2%. This drop was noticeably worse than the S&P 500’s 5.7% fall.
Generating cash is essential for any business, but not all cash-rich companies are great investments. Some produce plenty of cash but fail to allocate it effectively, leading to missed opportunities.
Healthcare companies are pushing the status quo by innovating in areas like drug development and digital health. But speed bumps such as inventory destockings have persisted in the wake of COVID-19, and over the past six months, the industry has pulled back by 10.9%. This drawdown was worse than the S&P 500’s 5.7% decline.
Not all profitable companies are built to last - some rely on outdated models or unsustainable advantages. Just because a business is in the green today doesn’t mean it will thrive tomorrow.