![]() Overview page represent trading in all U.S. Indexes: Index quotes may be real-time or delayed as per exchange requirements refer to time stamps for information on any delays. Copyright © FactSet Research Systems Inc. Fundamental company data and analyst estimates provided by FactSet. International stock quotes are delayed as per exchange requirements. stock quotes reflect trades reported through Nasdaq only comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.Stocks: Real-time U.S. INTC stock is down 31% in the last five years. That’s great news for the German economy, but the spending has raised eyebrows on Wall Street, especially after Intel reported the biggest net loss in its history this May. German Chancellor Olaf Scholz called the two new plants the largest foreign investment in Germany’s history. The corporate update came days after Intel announced it is spending $33 billion to build two new chip fabrication plants in Germany, the latest in several multi-billion dollar investments around the world. Earlier in June, Intel’s stock fell 6% after the company issued an update on its transition plans and said it will change the way it reports financial results to give its foundry business its own profit-and-loss statement. But getting there is proving painful for INTC shareholders. Intel (NASDAQ: INTC) is spending money at an alarming rate trying to reposition itself against Taiwan Semiconductor Manufacturing Co. (NYSE: TSM). Block’s stock is down 3% over the last 12 months and its five-year gain now stands at a tepid 4%. But the short seller report seemed to be the latest body blow to a former growth stock that is against the ropes. Of course, Block, formerly known as Square, issued a strong response to the Hindenburg report, saying it is considering legal action. Hindenburg’s report also claims that Block engages in “criminal activity” and that “fraud” is rampant on its platform. SQ stock immediately fell 15% on news of the short seller report. However, the stock really took a drubbing after notorious short seller Hindenburg Research published a scathing report alleging that the company falsely inflates its Cash App user numbers and takes a “Wild West” approach to compliance and internal controls. ![]() Shares of financial technology firm Block (NYSE: SQ) were struggling before this year as the company’s shift to focus on cryptocurrencies had led many investors to move away from the company. Will it all work? Nothing else at the company has. The leadership change comes as China’s largest e-commerce company restructures into six separate business groups and prepares to spin off its cloud computing unit into a separate publicly traded company. After authorities in Beijing singled the company out for multiple punishments, including a landmark antitrust fine, news comes in recent months that Alibaba’s latest CEO, Daniel Zhang, has stepped down. ![]() ![]() ![]() By almost any metric, this has been a losing stock.Īs a company, Alibaba has experienced almost constant turmoil over the past three years. And the stock is down 53% through five years. Over the last year, the share price has fallen 25%. Since its 2014 IPO, Alibaba’s stock is down 7%. While many shareholders continue to hold onto BABA stock hoping for a resurgence, the reality is that the company and its shares have never lived up to the initial promise. FDX stock is up a slight 2% over the last 12 months and has gained only 8% over the last five years, making it a failed growth stock.Ī decade ago, Chinese tech giant Alibaba (NYSE: BABA) held the biggest initial public offering ever, raising $21.8 billion for the company and its investors. Analysts had expected fiscal 2024 earnings of $18.33 a share on $90.91 billion in sales. FedEx’s earnings have now declined an average of 27% during the last three consecutive quarters. The company also announced that Chief Financial Officer (CFO) Michael Lenz will retire on July 31 of this year. Worse, full-year earnings at the company fell 27% from a year earlier to $14.96 per share while revenue decreased 3.5% to $90.2 billion.įor its 2024 fiscal year, FedEx guided for earnings of $16.50 to $18.50 a share on flat to low single-digit revenue growth. Analysts polled by FactSet expected earnings of $4.85 a share on sales of $22.55 billion. The company reported a 28% decline in its earnings per share to $4.94 for its fiscal fourth quarter, as revenue declined 10.2% to $21.9 billion. Investors are throwing in the towel on FedEx (NYSE: FDX) after the shipping and logistics company’s latest earnings. ![]()
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