Check out the companies making headlines midday Friday: Broadcom — Shares of the chipmaker jumped more than 9 percent after the company reported better-than-expected earnings. Broadcom posted earnings per share of $5.55, while analysts polled by Refnitiv expected a profit of $5.23. The company said its results were impacted by slower demand out of China,
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The bullish move of stocks since late December has certainly been impressive. It does show how quickly sentiment can change. Source: Shutterstock Yet the macroeconomic environment still looks dicey. Some of the recent economic data – such as the jobs numbers and home sales – point to a slowing of the U.S. economy. In the
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It’s the triumph of indexing: Fund managers continue to trail their benchmarks. Active managers who claim that they would do better during periods of heightened volatility are going to have to find another argument. This week, S&P Dow Jones Indices released its annual report on how actively managed funds performed against their benchmarks. The conclusion
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Check out the companies making headlines before the bell: Facebook — Facebook announced the departure of Chief Product Officer Chris Cox and WhatsApp division head Chris Daniels. Cox said a shift in Facebook’s focus would benefit from new leadership, although he did not explicitly mention CEO Mark Zuckerberg’s move to emphasize private messaging. Oracle —
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IBM (NYSE:IBM) has long been a key holding for many income investors. The iconic American institution has also proved to be a remarkably good investment over past decades. For years, IBM stock consistently traded higher while offering investors a growing dividend. Source: Shutterstock In recent years, however, that momentum has stalled. IBM stock last made
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