nyseibm
Dell Technologies Inc (NYSE:DELL) expected to lay off 5% of its global workforce, around 6,650 jobsIt has been hit by plunging PC SalesIt’s the latest restructuring drive in a wave of tech layoffsTech Layoffs Hit DellIt was only a matter of time before the wave of tech layoffs reached Dell’s shores, given how sensitive the company is to both consumer and corporate confidence. The company had already limited recruitment and cut back on spending, with Cisco Systems Inc (NASDAQ:CSCO), HP Inc (NYSE:HPQ) and IBM (NYSE:IBM) also restructuring. Q4 2022 hedge fund letters, conferences and more Find A ...
ValueWalk
In hisDaily Market Notes report to investors, Louis Navellier wrote: In Better ShapeStocks are higher as earnings season continues, and economic numbers are higher than forecast. The 4Q’22 GDP came in +2.9%, above the 2.6% forecast. Core Durable Goods Orders for December were up 5.6%, well above the 2.5% forecast. Initial jobless claims of 186K was the lowest in years. The economy appears to be in much better shape than feared. Q4 2022 hedge fund letters, conferences and more Relief Rally or Correction?This is very encouraging, so why aren't we "melting up" in a giant relief rally? Because the...
ValueWalk
Equity markets have struggled in 2022, especially the technology sector, where many businesses have been forced to lay off employees to reduce expenses and maintain profits. However, the recession has left many companies at an exciting valuation that potential investors should capitalize upon. Inflation and increasing interest rates by the Federal Reserve will continue to remain a concern. However, tech stocks have already witnessed a significant drop and a positive change in global situations such as the Russia-Ukraine war or oil prices could bring on a major rally that investors should not d...
ValueWalk
In hisDaily Market Notes report to investors, while commenting on volatility, Louis Navellier wrote: Volatility ReignsVolatility reigns as stocks open strong again, after flipping to losses yesterday afternoon. Stocks are up across the board this morning as they were yesterday, in the face of surprisingly negative investor sentiment surveys. The contrarian move seems to be based on continued optimism for better-than-expected earnings. So far, earnings results have been mixed. Q2 2022 hedge fund letters, conferences and more Johnson & Johnson (NYSE:JNJ) beat top and bottom but cut its full-year...
ValueWalk
There isn’t a day that goes by that those viewers of financial media channels and outlets don’t receive a real time update on Cathy Woods and her ARK Fund stocks, or where Tesla (NASDAQ:TSLA) is trading. Q1 2021 hedge fund letters, conferences and more The Hot FadsThe media loves to cover the “hot” fads. Financial pundits love talking up online gambling stocks, pot stocks, cryptocurrencies, cybersecurity stocks, EV stocks, and video streaming stocks. While this is considered popular fodder for capturing and keeping eyeballs on the cable and Sirius channels, almost all of these companies have n...
ValueWalk
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