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Intel's ‘make-or-break year' will put stock's recent surge to the test
Market Watch· 2024-01-24 01:00
Intel Corp. just kicked off a pivotal year, and investors are about to learn more about what to expect from it. The chip company is in the midst of recovering off its lows, and its upcoming report Thursday afternoon will bear that out — adjusted earnings per share could rise more than 300% from a year earlier, while revenue is expected to increase by 8%. But Intel INTC, +1.39% still faces a host of uncertainties, as it prepares to relaunch its foundry business and makes a push to capture frenzied spending o ...
United pulls plans for Boeing's biggest 737 Max jet, after Max 9 groundings prove to be ‘straw that broke the camel's back'
Market Watch· 2024-01-23 23:17
United Airlines Holdings Inc. on Tuesday said it was rethinking its longer-term plans for Boeing’s biggest 737 Max jet, the Max 10, after the government’s grounding of dozens of Max 9s this month raised questions over whether the aircraft maker could still deliver planes on time. United UAL, +5.31% Chief Executive Scott Kirby said during the airline’s earnings call on Tuesday that it wasn’t canceling its orders for the Max 10. But he said the airline was taking the jet “out of our internal plans.”“We’ll be ...
Apple's Mac turns 40, bringing back memories of the company's once-renegade ways
Market Watch· 2024-01-23 23:06
As Apple nears the 40th anniversary of one of its most groundbreaking products ever, the Macintosh, it is also a reminder to investors that the company that revolutionized the personal computer is now a middle-aged tech giant.Apple’s AAPL, +0.67% innovation and contribution to the history of personal computing is profound. The company, and the renegade team led by co-founder Steve Jobs, turned the PC into a machine that was actually personal, easier to use and more compact in size. The Macintosh included th ...
Netflix's ever-shifting content model: Live sports, more gaming, ‘healthy blend' of licensed shows and original series
Market Watch· 2024-01-23 22:50
If there’s one point Netflix Inc. executives have consistently made, quarter after quarter, it is this: Content is transforming as video-streaming services trim spending on programming.During its fiscal fourth-quarter livestreamed call late Tuesday with questions from analysts, company executives touched on their maiden voyage into live-sports programming, a deeper dive into gaming and more licensed series.Read more: Netflix’s stock jumps 7% on huge spike in new subscribers, surge in ad salesThe quest for u ...
Texas Instruments kicks off chip earnings season with some words of caution
Market Watch· 2024-01-23 21:26
Texas Instruments Inc. started chip earnings season with some cautious signals. The chip maker, which historically reports early in the earnings cycle and is seen as a semiconductor-industry bellwether, called out “increasing weakness across industrial and a sequential decline in automotive” as it came up shy with its forecast for the current quarter.Texas Instruments TXN, -0.28% anticipates $3.45 billion to $3.75 billion in revenue for the ongoing quarter, along with 96 cents to $1.16 in earnings per share ...
Apple said to be scaling down Apple car features
Market Watch· 2024-01-23 20:11
Apple Inc. reportedly has scaled down its efforts to make an autonomous electric vehicle, working instead on an EV with “limited” self-driving features, Bloomberg reported Tuesday, citing people familiar with the company’s plan. Moreover, an Apple AAPL, +0.56% car would only be introduced in 2028 at the earliest, Bloomberg said. The company has switched to developing a car with a more rudimentary set of self-driving features, more in line with Tesla Inc.’s TSLA, +0.39% advanced driver-assistance system ...
Here's the No. 1 question retail investors want Tesla to answer ahead of earnings
Market Watch· 2024-01-23 19:21
Tesla Inc.’s investors have a lot on their minds right now: questions swirl about the company’s official outlook for the year, the demand picture amid a slowdown in electric-vehicle sales, and the EV maker’s profit margins amid recent price cuts.But first and foremost, retail investors seem to want to know about Tesla’s next vehicle, dubbed the “Model 2,” which is expected to cost around $25,000 — the hoped-for next driver of growth at Tesla TSLA, -0.05%. That’s the No. 1 question on Tesla’s investor relati ...
Eli Lilly gene therapy allows child born deaf to hear, clinical trial shows
Market Watch· 2024-01-23 18:06
An Eli Lilly & Co. LLY, -0.50% experimental gene therapy has restored the hearing of a child who was born deaf, the pharmaceutical giant said Tuesday. The child, who was 11 years old at the time the therapy was administered, experienced restored hearing within 30 days of treatment, Eli Lilly said in a release. The child participating in the clinical study was the first individual in the U.S. to receive the therapy for a genetic form of hearing loss, the company said. The gene therapy, AK-OTOF, is being deve ...
D.R. Horton's stock dives as lower prices for new homes hurt profits
Market Watch· 2024-01-23 17:53
Shares of D.R. Horton Inc. were suffering the biggest selloff in nearly four years on Tuesday, after the homebuilder missed profit expectations, as elevated incentives to buy new homes ate into margins.And given current affordability challenges, that pressure on margins, and therefore profitability, is likely to continue in the near term, the company said.The stock DHI, -9.58% tumbled 9.6% toward a six-week low in midday trading, which puts it on track to suffer the biggest one-day drop since the record 20. ...
Netflix earnings: What to expect
Market Watch· 2024-01-23 16:54
Netflix Inc. reports its fourth-quarter results on Tuesday afternoon, and analysts have been salivating of late about the company’s potential to reap the benefits of its advertising tier and to post net additions to its base of 247 million subscribers.Here’s what analysts are expecting from the largest video-streaming service.What to expect Earnings: Analysts tracked by FactSet project Netflix NFLX, +0.08% to report $2.22 a share in adjusted earnings, compared with 12 cents a share a year before. Over the ...