Investors often turn to dividend-paying stocks to help stabilize their portfolios in times of market volatility. One such stock that stands out among Wall Street analysts is Western Midstream Partners (WES), a limited partnership that owns and operates midstream assets in several states. Analysts have praised WES for its impressive dividend yield of 8.8% and
earnings
Warren Buffett, also known as the Oracle of Omaha, has recently made a surprising move by downsizing one of his longest-held and largest positions – Bank of America. Berkshire Hathaway unexpectedly unloaded 52.8 million Bank of America shares worth $2.3 billion during a six-day selling spree. This marked the first time since late 2019 that
The recent trends in the Nasdaq-100 index have indicated significant profit taking from many investors who have chosen to reduce their exposure to what is known as the “Magnificent Seven.” This includes tech giants such as Nvidia, Meta Platforms, and Alphabet, among others. As we continue to digest the earnings reports of these companies, there
Bristol Myers Squibb recently announced its second-quarter earnings, which exceeded expectations, indicating a positive financial performance for the pharmaceutical giant. The company reported revenue and earnings that surpassed forecasts, prompting an increase in its full-year guidance. This successful quarter comes as Bristol Myers implements cost-cutting measures to streamline operations and invest in key drug brands
The automotive industry took a hit this week as major U.S. automotive stocks experienced a decline. Ford Motor, in particular, faced a significant drop of more than 17% in early trading Thursday, marking its worst decline since 2009. The company missed Wall Street’s bottom-line earnings expectations, largely due to ongoing warranty problems. General Motors and
Lamb Weston, the Idaho-based supplier of frozen potato and vegetable products, faced a major setback as it emerged as the worst-performing stock in the S & P 500 following disappointing quarterly results. The fully diluted earnings per share plummeted over 70% from the same period the previous year, triggering a massive dip in the stock
Ford Motor recently reported its second-quarter earnings, falling short of Wall Street’s expectations on earnings per share while exceeding revenue estimates. The automaker faced challenges due to warranty costs that have been an ongoing issue for several years. Despite beating revenue projections, Ford’s stock took a hit, dropping about 11% after the markets closed. The
Chipotle Mexican Grill reported quarterly earnings and revenue that exceeded analysts’ expectations, showcasing its ability to thrive in a challenging market environment. The company’s earnings per share of 34 cents adjusted versus the expected 32 cents, and revenue of $2.97 billion compared to the projected $2.94 billion, reflect its strong performance in the second quarter.
As demand for carbon-free energy continues to grow, NextEra Energy is evaluating the possibility of restarting the Duane Arnold Energy Center in Palo, Iowa. The plant halted operations in 2020 after serving for 45 years. NextEra CEO John Ketchum emphasized the need for a comprehensive risk assessment before making a decision on restarting the reactor.
Alphabet investors were in for a rollercoaster ride as the tech giant reported its second-quarter earnings. While the company managed to exceed expectations, the news of lower-than-expected YouTube advertising revenue sent shares tumbling by about 5%. This decline was further exacerbated by Alphabet’s announcement of plans to significantly increase capital expenditures in order to meet