Global stocks, dollar edge lower after Trump fires Comey

 

Global stocks, dollar edge lower after Trump fires Comey

ABC News
A man looks at an electronic stock board showing Japan’s Nikkei 225 index at a securities firm in Tokyo, Wednesday, May 10, 2017.

Apple, OLED Stock Play Coherent Beats, Sees ‘Unprecedented Demand’

Investor’s Business Daily
Coherent (COHR), a key beneficiary of a trend toward OLED displays in smartphones, easily topped earnings and revenue estimates after the close Tuesday and said it sees “unprecedented demand” across segments.

Dow Futures Fall As Trump Fires FBI Chief Comey; Nvidia, Coherent Soar; Snap Due

Investor’s Business Daily
Stock futures pointed lower early Wednesday morning following a new wave of mixed earnings and President Trump’s abrupt firing of FBI Director James Comey.

Yelp stock crashes 30% after earnings

CNNMoney
That, in a nutshell, sums up investors’ sentiments on Yelp (YELP) right now. The company’s stock fell as much as 30% in after hours trading Tuesday after the company posted disappointing sales results.
Investor’s Business Daily
Snap (SNAP) will release its first-ever post-IPO quarterly report on Wednesday. Though the recent new issue is expected to log huge revenue growth, it’s facing heavy competition from Facebook (FB) and its Instagram platform.

Acacia Communications Stock Falls On Missed Guidance, China

Investor’s Business Daily
Shares in Acacia Communications (ACIA) plunged late Tuesday after the company was the latest maker of fiber-optic components to miss on guidance amid weaker demand from China.

Applied Optoelectronics Stock Hits New High; Fiber-Optic Stocks Rally

Investor’s Business Daily
Shares in Applied Optoelectronics (AAOI) jumped to an all-time high Tuesday as the stocks of other fiber-optic component makers rallied on investor hopes that demand in China will snap back in late 2017.

Why Teladoc, Inc. Stock Soared Tuesday

Motley Fool
Telehealth platform Teladoc (NYSE:TDOC), which delivers on-demand healthcare via mobile devices, the internet, video, and phone, saw its stock skyrocket as much as 25.2% on Tuesday following the company’s first-quarter earnings release on Monday …

Why Proto Labs Stock Popped 13.5% in April

Motley Fool
Shares of Proto Labs (NYSE:PRLB) soared 13.5% in April, according to data from S&P Global Market Intelligence. The quick-turn manufacturing service provider’s stock is up 19% for the year through May 8. For context, the S&P 500 returned 1% in April and …

How Apple Became the First $800 Billion Stock

Barron’s
Apple has another accomplishment to brag about. Its stock closed at a record high $153.99 on Tuesday, giving Apple a stock market value of $802.88 billion. Apple becomes the first-ever U.S. company with a stock-market value over $800 billion. Stock

The Stock Market Is Weirdly Calm. Here’s a Theory of Why.

New York Times
Even though it is a historical aberration, doesn’t the very low stock market volatility of 2017 make more sense than the kind of wild swings we saw until recently?

Europe shares dip; dollar down on Comey sacking

Reuters
Expectation-beating first-quarter company results have lifted stock markets across the globe, with European full-year earnings forecasts set to be their best since 2010.

Stocks edge up to new record highs

Los Angeles Times
A turn higher in the last few minutes of trading was enough to nudge U.S. indexes to more record highs Monday as fear seemed to drain out of the market.

United Airlines Stock Just Hit an All-Time High

Fortune
“Our idea today is United Airlines,” Gerstner said at the Sohn Investment Conference on Monday, an event at which Wall Street’s finest give their biggest stock picks of the year.”What do you need to believe to invest in United? You have to believe that

NVIDIA stock rockets up after earnings beat

CNBC
NVIDIA jumped more than 13 percent in after-hours trading after earnings crushed Wall Street estimates. The company reported $0.79 EPS on $1.94 billion in revenue, beating consensus of $0.66 EPS on $1.91 billion in revenue.

Here’s how China’s credit crackdown could derail the US stock market

MarketWatch
After all, China’s 2015 stock-market plunge weighed on the U.S. and world markets, temporarily wiping out trillions of dollars in market capitalization.

US dollar, yields rise; stocks slip from record highs

Reuters
NEW YORK A fall in oil prices knocked Wall Street stocks down a peg after touching record highs on Tuesday with European equities and global bond yields rising on bolstered investor sentiment thanks to historically low U.S.

Why LGI Homes Stock Soared 10% Today

Motley Fool
So what did LGI say to spark this sudden rally in its stock? Basically, the company “beat expectations” on both sales and profits.

Why Tesla, Inc. Stock Surged 12.9% in April

Bloomington Pantagraph
Shares of electric-car and energy-storage company Tesla (NASDAQ: TSLA) jumped 12.9% in April, according to data from S&P Global Market Intelligence.

3 Tech Stocks for May

Motley Fool
Investors are still feeling out this new stock. Share prices topped out above $70 in September, only to crash back down to $30 per share in early November.

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