Chip Boom Loses Steam on Slowing PC Sales, Crypto Rout

Chip Boom Loses Steam on Slowing PC Sales, Crypto Rout.

Boeing and 7 More Industrial Stocks for the Second Half of 2022

Text size Industrial demand held up better than industrial stocks in the second quarter. Dreamstime The first half of 2022 was lousy for most stocks, including shares in the industrial sector. But that pain can create opportunity. Several industrial stocks look like big winners, based on what Wall Street thinks. The S&P 500 dropped 16.5% … Read more

Opinion: The chip boom likely over, as Micron says it’s in a ‘downturn’

The semiconductor boom of the past two years appears to be ending. Memory chip maker Micron Technology Inc. MU, -1.32% gave a downbeat forecast for its next fiscal quarter Thursday, predicting a massive revenue shortfall ranging from $ 1.5 billion to $ 2.3 billion, as COVID-19 restrictions in China and slower demand for consumer products … Read more

Micron Stock Is Sliding. The Outlook Disappointed.

Text size New Street Research analyst Pierre Ferragu says recent weakness in Micron Technology stock represents an opportunity to buy. Dreamstime Micron Technology stock is trading lower after the memory-chip maker said financial results for the fiscal fourth quarter ending in August will come in well short of previous Street estimates. While analysts had expected … Read more

Stock Market Today: Dow Futures Slip Before Powell Remarks, NIO Stock Drops

Text size Fed chair Jerome Powell will deliver remarks at a central bank summit. Olivier Douliery / AFP via Getty Images Stocks slipped on Wednesday ahead of a summit of top central bankers where investors will closely watch for clues about how high the Federal Reserve will raise interest rates. Futures for the Dow Jones … Read more

Revlon Stock Soars on Report of Potential Acquisition Out of Bankruptcy

Text size Revlon filed for bankruptcy earlier this week. Getty Images Revlon stock soared more than 53% in premarket trading Friday after a report said Indian conglomerate Reliance Industries (RIL.India) is considering buying the cosmetics maker after it filed for bankruptcy. The news was reported by Business channel ET Nowwhich cited unidentified sources. Revlon (ticker: … Read more