Big Tech’s historic gains could be affecting your portfolio’s makeup — especially if your goal is diversification. Astoria Portfolio Advisors CEO John Davi warns the S&P 500 index tilts too far in favor of the so-called Magnificent Seven stocks: Apple, Microsoft, Nvidia, Amazon, Meta Platforms, Alphabet and Tesla. “Those Mag Seven stocks are very expensive … Read more
Jane Fraser, CEO of Citi, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023. Patrick T. Fallon | AFP | Getty Images Bank shares rose Thursday after the Federal Reserve released parameters for its annual industry stress test showing smaller hypothetical shocks to the U.S. economy than in previous … Read more
UBS shares lost ground after the lender’s fourth-quarter results and up to $3 billion share buyback plans failed to impress. Switzerland’s largest bank on Tuesday reported net profit attributable to shareholders of $770 million, compared with a $483 million estimate in a company-provided consensus estimate and with a mean forecast of $886.4 million in a … Read more
Alex Bouaziz, CEO and co-founder of Deel, onstage at the Collision 2022 conference at Enercare Centre in Toronto, Canada. Vaughn Ridley | Sportsfile | Getty Images Human resources software firm Deel said it has hit an annual revenue run rate of $800 million and is ramping up preparations to go public with a view to … Read more
Kenneth C. Griffin (R) speaks during The New York Times Dealbook Summit 2024 at Jazz at Lincoln Center on December 04, 2024 in New York City. Eugene Gologursky | Getty Images Billionaire investor Ken Griffin’s flagship hedge fund climbed in a volatile January, according to a person familiar with the returns. Citadel’s multistrategy flagship Wellington fund … Read more
Check out the companies making headlines before the bell: Pfizer — The pharmaceutical stock added 1.8% on better-than-expected fourth-quarter results . Pfizer reported adjusted earnings of 63 cents per share on $17.76 billion in revenue. Analysts polled by LSEG estimated earnings of 47 cents per share on revenue of $17.36 billion. PepsiCo — Shares of … Read more
Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska, on May 3, 2024. David A. Grogan Warren Buffett’s Berkshire Hathaway once again scooped up shares of Sirius XM, boosting its stake in the satellite radio company to more than 35%. The Omaha, Nebraska-based conglomerate purchased roughly 2.3 million … Read more
U.S. President Donald Trump hold up an executive order, “Unleashing prosperity through deregulation,” that he signed in the Oval Office on January 31, 2025 in Washington, D.C., while also speaking to reporters about tariffs against China, Canada and Mexico. Chip Somodevilla | Getty Images News | Getty Images The U.S. stock market was rocked Monday … Read more
Check out the companies making headlines in midday trading: Palantir Technologies — The software company surged 24% after reporting stronger-than-expected fourth-quarter results . Palantir attributed this earnings and revenue beat to its artificial intelligence platform gaining traction. The stock was on pace for its best day since Feb. 6, 2024, when it gained 30.8%. AMC … Read more
Check out the companies making headlines after hours: Alphabet — Shares dropped 7.4% after Google parent Alphabet posted a revenue miss . Fourth-quarter revenue of $96.47 billion fell short of the $96.56 billion expected by analysts polled by LSEG. On the other hand, earnings per share of $2.15 exceeded the $2.13 consensus estimate. Chipotle Mexican … Read more