For the better part of the last decade, we’ve heard that software is eating the world. But now it seems AI is eating software. That’s the call analysts at Melius Research are once again making Monday as they downgraded one-time market darling Adobe to a sell rating. The attention-grabbing note …
And then there was just one: Apple . That’s how I felt about last week where the market took a huge number of stocks out and shot them, including some of ours — more on that when we get to Thursday’s Monthly Meeting for Club subscribers — but the sellers …
Texas Roadhouse on Thursday evening reported mixed second-quarter results as elevated beef prices weighed on profitability. Still, the company posted strong comparable sales and said the ongoing third quarter was off to a great start, offsetting some fears around higher input prices. Revenue in the quarter ended July 1 increased …
Eli Lilly delivered strong second-quarter results on Thursday, but shares are plummeting because of disappointing data for a key late-stage trial. It’s forcing us to ask ourselves difficult questions about this once-loved stock. Revenue in the three months ended June 30 jumped 38% year over year to $15.56 billion, beating …
Electrical equipment supplier Eaton , whose products are essential to AI data centers, on Tuesday reported a solid second quarter and raised its full-year outlook. Nevertheless, the stock tumbled in response because the positive results fell short of the sky-high bar that Wall Street had set. Adjusted earnings per share …
Wall Street ended a busy week of earnings, economic data and policy decisions with a thud, as a weak jobs report renewed concerns about the health of the U.S. economy in the face of President Donald Trump’s ever-shifting tariff policy. In the week ahead, investors will look to the latest …
It was a dizzying week on Wall Street. The S & P 500 closed this past Monday at a record high and then went on a four-session losing streak. Friday was particularly unsettling as terrible jobs data slammed the market and triggered President Donald Trump . Trump started the day …
The “big beautiful bill” — championed by President Donald Trump and signed on Independence Day — is shaping up to be a windfall for Big Tech. The measure — officially called the “One Big Beautiful Bill Act,” or OBBBA for short — restores three tax provisions from the 2017 Tax …
Wall Street had little doubt that Brian Niccol was the right executive to fix Starbucks’ triple shot of trouble: downbeat sales, operational bottlenecks and a fading coffee house identity. That has not made Niccol’s task any easier. Niccol’s status as a turnaround extraordinaire is well-deserved. After reviving the Taco Bell …
When is a beat and raise not a beat and raise? That’s a question that has frustrated us this earnings season. Case in point: How about Honeywell ‘s beat and raise last week? Here’s a conglomerate splitting into three different companies, which also has a quantum computing business that’s probably …