Opinion: Micron earnings suggest the chip downturn could be worse than Wall Street expects

Micron Technology Inc. executives warned about a semiconductor downturn in late June, but now say that a “sharp and sudden” drop in demand exceeded even those expectations, suggesting the current chip glut could get a lot worse. Micron MU, -1.94% reported a worse-than-expected fiscal fourth quarter Thursday, with revenue plunging 23% from last year, but … Read more

These 20 stocks in the S&P skidded as much as 21.5% during another brutal week for the market

Another difficult week for US stocks ended with shares of oil producers sliding and Ford Motor Co. tumbling further on concerns over supply shortages. The S&P 500 SPX, -1.72% fell 1.7% on Friday for a one-week decline of 4.6%, as investors continued to fret about the Federal Reserve’s interest-rate increases to temper inflation. Among components … Read more

Opinion: Adobe’s stock got slammed for spending $20 billion on Figma. But it now owns a rare company.

Adobe beat revenue and profit expectations, and on the same day announced it would acquire a smaller but faster-growing rival in online design-collaboration tools. The stock market rewarded the company by pushing down its shares ADBE, -3.12% to the lowest level in almost three years. Investors punished the company not for its earnings report, released … Read more

Opinion: Adobe’s stock got slammed for spending $20 billion on Figma. But it now owns a rare company.

Adobe beat revenue and profit expectations, and on the same day announced it would acquire a smaller but faster-growing rival in online design-collaboration tools. The stock market rewarded the company by pushing down its shares ADBE, -3.12% to the lowest level in almost three years. Investors punished the company not for its earnings report, released … Read more

Beeks Financial Cloud Says FY 2022 Has Been in Line With Market Views

By Michael Susin Beeks Financial Cloud Group PLC said Monday that trading performance for fiscal 2022 has been in line with market expectations and that it expects to grow further in fiscal 2023. The UK-based IT company said that annualized committed monthly recurring revenue for the year ended June 30 was above 19.3 million pounds … Read more

DocuSign Stock Surges on Earnings Beat, Boost to Billings Forecast

Text size Courtesy DocuSign Shares of DocuSign were surging Friday after the e-signature company posted quarterly earnings and revenue that topped analysts’ estimates and raised its forecast for fiscal-year billings. DocuSign (ticker: DOCU) earned an adjusted 44 cents a share in its fiscal second quarter, beating Wall Street estimates of 42 cents. Sales rose 22% … Read more

You need quality stocks during times of turmoil. Here’s one good strategy for picking them

You may be aware of how difficult it is for fund mangers to outperform stock indexes. And now all investors face the challenge of a slowing economy as the Federal Reserve tightens monetary policy to cool the U.S. economy and clamp down on inflation. Selecting individual companies for investment is difficult — you need to … Read more

You need quality stocks during times of turmoil. Here’s one good strategy for picking them

You may be aware of how difficult it is for fund mangers to outperform stock indexes. And now all investors face the challenge of a slowing economy as the Federal Reserve tightens monetary policy to cool the U.S. economy and clamp down on inflation. Selecting individual companies for investment is difficult — you need to … Read more

Okta Stock Drops. Earnings Were Good, but It Has Other Issues.

Okta posted better-than-expected quarterly results and lifted its financial forecasts for the full year, reflecting continued strong demand for its identity software despite a weaker economy. But the stock fell hard as the company noted that business growth has been affected by unexpected problems with integrating the identity software company Auth0, which Okta acquired in … Read more

Nvidia stock falls after US moves to restrict its data center sales in China

Nvidia Corp. shares fell in extended trading Wednesday after the graphics-chip specialist disclosed that the US government is seeking to restrict its data-center business in China. In a filing with the Securities and Exchange Commission, Nvidia NVDA, -2.42% revealed that the US has installed new license requirements for its A100 and forthcoming H100 integrated circuits … Read more