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27 minutes ago
Richard Bernstein says investors should focus on emerging markets and small-cap stocks beyond the ‘Magnificent 7’ stocks
Investors should look beyond the Magnificent 7 stocks to alternative investments, including small-cap stocks and emerging markets, said Richard Bernstein, principal at Richard Bernstein Advisors.
“There’s no sound wealth-building strategy where you put all your eggs in seven stocks,” Bernstein said Tuesday on CNBC’s “Power Lunch.”There are opportunities outside the U.S. and in some small-cap stocks. ” he said.
“It’s such an incredibly bearish worldview that there are only seven companies we can invest in,” he added.
— Brian Evans
38 minutes ago
Small Cap Russell 2000 Notch Wins for 4th Day in a Row
The Russell 2000 won for the fourth day in a row during a very slow session for average majors.
The small-cap index rose more than 1% on Tuesday, outpacing the S&P 500’s rise of about 0.2% and the Nasdaq Composite’s rise of about 0.4%.
The last time the Russell 2000 recorded four consecutive session wins was in late December 2023.
Although the small-cap index has had a strong month (up 5.6% in February), it remains well below the averages of the three majors for the year. In 2024, the Russell 2000 index is up only 1.4%, while the S&P 500 index is already up nearly 6.5%.
–Darla Mercado, Chris Hayes
58 minutes ago
Stock prices move significantly after hours
Beyond Meat brand plant-based jerky packaging in Lafayette, California, December 2022.
Gad | Getty Images
Let’s take a look at some companies that are gaining attention for their after-hours trading.
- Beyond Meat — Shares soared more than 78% after the plant-based meat company beat revenue estimates in the fourth quarter. Beyond Meat reported revenue of $73.7 million, compared to analyst estimates compiled by LSEG (formerly Refinitiv) of $66.7 million.
- eBay — The online marketplace rose 4% after announcing a 2 cent per share dividend increase and $2 billion in additional stock buybacks. eBay’s fourth-quarter results beat Wall Street’s expectations for both sales and bottom line profits, and the company’s first-quarter earnings per share forecast exceeded analysts’ expectations.
- First Solar — The solar power company returned more than 3% after its full-year outlook met Wall Street expectations. LSEG said fourth-quarter profit was $3.25 per share, beating analysts’ expectations of $3.13 per share.
Read the full list here.
— Brian Evans
1 hour ago
First Solar stock soars after profit beat
First Solar shares soared nearly 5% in after-hours trading after the company beat Wall Street’s earnings expectations.
The solar panel maker posted net income of $349.2 million in the fourth quarter, up 30% year over year.
First Solar reported earnings of $3.25 per share, beating Wall Street expectations of $3.13 per share. The company had revenue of $1.16 billion in the quarter, falling short of street expectations of $1.31 billion.
First Solar expects net sales of $4.4 billion to $4.6 billion in 2024 and adjusted earnings of $13 to $14 per share this year, roughly in line with expectations.
— Spencer Kimball
1 hour ago
Stock futures little changed
Stock futures were little changed on Tuesday as investors focused on fresh inflation data later this week.
Futures, which track the Dow Jones Industrial Average, fell 32 points, or 0.08%. S&P 500 futures were near flat, while Nasdaq 100 futures were down 0.04%.
— Brian Evans
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