Earnings

Skyworks, Silicon Labs shares rise after companies announce $2.75B dealShares of Skyworks Solutions Inc. and Silicon Laboratories Inc. rose in the extended session Thursday after Skyworks announced it has agreed to buy Silicon Labs' infrastructure and automotive business in an all-cash deal valued at $2.75 billion. The deal "will accelerate Skyworks' expansion into the industry's most important growth segments," including electric and hybrid vehicles, 5G wireless infrastructure, smart-home applications and other areas, a combined market opportunity "approaching $20 billion" a year, Skyworks said. The deal is expected to close in the third quarter, and it has has been approved by the boards of directors of both companies, Skyworks said. Funding will likely come from a combination of cash on hand and debt financing arranged by J.P. Morgan, it said.

Intel Stock Falls Despite Big Earnings Beat The company is benefiting from strong demand for personal computers, but sales of its data-center chips were weaker than expected.

Snap shares rise 6% on better-than-expected sales, earningsThe company reported a net loss of $286.9 million, or 19 cents a share, against expectations of a loss of 21 cents a share, according to analysts polled by FactSet. Snap’s revenue soared 66% to $770 million, beating estimates of $744 million.

Swimming Pools Are Hot. And These Stocks Prove It. Pool Corp and Pentair, two companies keeping people cool, posted big first-quarter results.

Biden has pledged to tax the rich — but precisely how will he do that? Experts consider his optionsBiden could announce details on new taxes on the wealthy as soon as next week, observers said.

Seagate Shares Slip Despite Better-Than-Forecast Results CEO Dave Mosley said the results highlight both the strength of Seagate's portfolio of hard-disk drives and increasing demand for large-capacity storage.

Maker of Sam Adams beer heads toward record stock high as hard-seltzer sales boost earningsBoston Beer Co. shares headed toward fresh record highs Thursday afternoon, following an earnings report that showed buzzy hard seltzers are lifting the company's spirits.

Zymergen and 2 Other IPOs Made Strong Market Debuts Thursday Knowbe4 jumped nearly 51% in its market debut, while NeuroPace was up nearly 47% and Zymergen rose more than 21%.

Celanese stock gains after company's Q1 pricing boostShares of Celanese Corp. rose 2% in the extended session Thursday after the chemical and specialty materials company reported first-quarter results that topped Wall Street views. Celanese earned $323 million, or $2.82 a share, compared with $220 million a year ago. Adjusted for one-time items, the company earned $3.46 a share. Sales rose to $1.8 billion, from $1.5 billion a year ago, as pricing rose 15%, "more than offsetting" volume declining 3%, the company said. Analysts polled by FactSet expected adjusted earnings of $2.98 a share on sales of $1.7 billion. The stock ended the regular trading day down 2.9%.

The Dow Fell 321 Points Because Biden Pulled the Plug Stocks were only moderately lower until a report that President Joe Biden was considering raising capital-gains taxes. The three major U.S. stock indexes ended materially lower.

Deluxe to Scoop Up First American for $960 Million Deluxe, still known largely as a check printer, will buy First American as it seeks to transform into a leading payments company.

Stocks Tumble as Biden Proposes Higher Taxes According to a report, the Biden administration will propose nearly doubling the capital-gains tax rate for wealthy Americans to 39.6%.

Teradata Soars as Results Sail Past Previous Guidance The data-warehouse software company is making progress on its push to shift more of its business to the cloud.

Skechers stock rallies 7% after higher Q1 profit Skechers USA Inc. said first quarter profit doubled as it saw heightened demand for its shoes overseas. Skechers reported $98.6 million in earnings attributable to the company for the period, up from $49.1 million for the year-earlier period. On a per-share basis, profit rose to 63 cents from 32 cents.

Mattel stock rallies after Q1 sales nearly doubleMattel Inc. stock jumps late Thursday after the toy maker reports a narrower-than-expected quarterly loss and says its sales nearly doubled.

Central Banks May Have Begun Lifting Bond Yields. There’s a Positive Side for Stocks. Higher yields would likely bring volatility to share prices, but they would also be a favorable longer-term indicator about the health of the economy.

Teradata Soars on Hopes for Its Cloud Business. Analysts Aren't Fully Convinced. The data-warehouse software company didn’t wait for its regularly scheduled earnings date of May 6—it pre-announced another blowout quarter.

Intel stock falls despite earnings beat, as data-center sales slump more than 20%Intel Corp. shares fell in the extended session Thursday despite a big earnings beat and raised annual guidance, as a large dip in data-center sales was papered over by strength in sales of personal computers and a departing memory business.

Dow books over 300 point loss after report Biden weighing sharp rise in capital gains tax for wealthyU.S. stocks ended sharply lower on Thursday, following a news report that said President Joe Biden is weighing a proposal which would nearly double the capital-gains tax for wealthy individuals.

Elon Musk Raises More Questions About Fatal Tesla Crash and Self-Driving Cars The CEO tweeted that company data logs show the Autopilot software wasn’t engaged on the Model S that ran off the road, hit a tree and caught fire.

XPO Logistics Is Worth More Than the Sum of Its Parts By splitting in two, XPO hopes to unlock value in its shipping business while creating new value with GXO as a play on the trend toward outsourced logistics.

Banks Are Drowning in Cash. Why That's a Problem. Banks are sitting on a pile of excess cash with nowhere to go.

Stocks are at all-time highs and the U.S. economy is booming. So why is everyone so freaked out?All manner of weird things keep happening in financial markets, from bond yields that go down when they should go up, to near-daily swings between big-picture convictions. It's hard to manage money when everything feels so fragile.

Goldman Sachs says S&P 500 returns may tumble as U.S. economic growth peaks. Buy these stocks.Stocks got back on the horse on Wednesday, with both the Dow and S&P 500 indexes finishing at their second-highest levels ever, as investors continue to smile on strong economic growth prospects.

5 Ways I Help Clients Find Yield Safely From stable value funds to government retirement plans to paying down a mortgage, there are several ways advisors can help clients eke out a bit more in returns, or savings.

Ford Stock Gets Two Thumbs Up Wolfe Research analyst Rod Lache upgraded Ford stock to Buy Thursday, and Deutsche Bank analyst Emmanuel Rosner put it on his Catalyst Buy list.

Lam Research Had a Big Earnings Beat. What That Says About the Chip Shortage.

AT&T earnings, revenue rise as company sees some recovery from COVID-19 AT&T Inc. topped expectations with its first-quarter earnings and revenue Thursday morning as the company benefited from a greater demand for higher-priced smartphones and saw some recovery in its WarnerMedia business from the impacts of the pandemic.

More People Are Buying Vacation Homes, but Where They’re Looking May Surprise YouIt may be only April, but the warmer weather and vaccine rollouts have already gotten some people obsessing about summer vacation. After a year spent mostly crammed indoors, Americans are itching to get back into the world and see some things nonvirtually.

Vail Resorts Stock Gains as Management Lifts Forecasts The ski-resort company raised its earnings forecast for the nine months ending on April 30, helping to lift its stock back toward its highest levels on record.

Credit Suisse Says It's Going to Take Another Archegos Charge. Here's What Analysts Are Saying. Expectations weren't high heading into Credit Suisse's first-quarter results, but the Swiss bank still managed to shock analysts that follow the banking giant.

Volvo Crushed Earnings. The Truck Maker Can Shrug Off the Chip Shortage. Volvo stock jumped early on Thursday, as the Swedish truck maker crushed expectations in the first quarter amid surging demand.

Intel earnings to give first look on how shortages are affecting U.S. chip makers in 2021Intel Corp. earnings --- as will earnings from every other major chip maker this season --- will be probed for how quickly the industry is managing to ease supply issues that have plagued semiconductor customers for most of COVID-19.

DISH Stock Extends Rally on Amazon Deal. Here's Why the Move Might Be Overblown. DISH Network shares have spiked 14% on an announcement about a new relationship the company has signed with Amazon Web Services. No one is sure what it means.

Biogen talks up approval plans for controversial Alzheimer's drug as it nears FDA decisionBiogen Inc.'s first-quarter earnings beat expectations, but investors may be paying more attention to the latest information the company is sharing about its plans for aducanumab, the experimental Alzheimer’s disease drug that has sent the stock on a wild ride.

Who Benefits From Biden's Big Goals on Emissions The president has laid out a remarkably ambitious target for cuts to greenhouse-gas emissions. Investors may be able to ride the changes for years.

Oracle Stock Has Rallied 25% in Two Months. Why One Analyst Sees Higher Highs. Cowen's J. Derrick Wood reiterated his Outperform rating on Oracle shares, while boosting his target price to $85 from $77.

Warren Buffett could teach traders in dogecoin, GameStop and other hot trends a few things about ‘Mr. Market’Be skeptical of fads and fashions and operate within your circle of competence.

Airlines Are Issuing Upbeat Forecasts. Investors Aren't Impressed. Quarterly results from Southwest, American, Spirit, and Alaska Air have largely landed with a thud. Here's why investors don't seem thrilled.

Tesla to report first-quarter earnings amid renewed concerns about its AutopilotA fiery crash in Texas brings renewed scrutiny to Tesla Inc., slated to report first-quarter earnings next week.