Should I Buy GOOG on Monday After Its Big Split?AlphabetWe’ve talked about how some great stocks are on sale right now.Here’s one for you: What if a stock went from $2,260 per share to $113… in one day… and nothing about this dominant business changed?You will see that Monday morning with shares of Alphabet(NASDAQ:GOOG, NASDAQ:GOOGL).But don’t get too excited. In this case, $113 = $2,260.That’s impossible, of course. So what’s going on?GOOG shares are splitting 20:1. After Friday’s close, every single GOOG share gets divided into 20 shares. There will now be 20X more shares on the market, but the price per share be 1/20th of what it used to be.This is not some once-in-a-lifetime bargain to jump on.However, interesting things can and do happen around stock splits. So in today’s Market3

Starbucks: It's Not in Formal Sale Process for UK BusinessStarbucks Corp is not in a formal sale process for its UK business, a company spokesperson said in a statement after The Times reported earlier on Saturday that the coffee chain is exploring a sale of the UK operations.According to the Times report, Starbucks has not initiated a "formal sales process" of its UK business and continues to "evaluate strategic options" for its company-owned international operations.The company faces rising costs and competition from rivals like Pret A Manger, Tim Hortons and Costa, the newspaper said.

Global X SuperDividend ETF (SDIV) $Global X SuperDividend ETF(SDIV)$ is offering a very attractive dividend yield of 10.18% that is paid out monthly! Even after a 30% dividend tax, the yield is still good at around 7%.Upon further digging, I noticed that the ETF has only generated 0.93% per year for the last 10 years. This means that the ETF price has been falling and ate up the dividend gains over the years.I can think of two reasons. One is that such high yield stocks tend to be trashy and hence the underlying stock performance are bad. Second is that the ETF might be partly distributing capital, on top of the dividends, to improve the yield, causing the value of the ETF and the price to go down.After considering the 30% div tax, a foreign investor in SDIV will actually lose money even a

Snowflake Drops6% As Cloud Software Stocks Continue to StumbleSnowflakeSnowflake (NYSE:SNOW) shares fell more than 6% Thursday as the cloud-based data platform company gave back a big chunk of its prior-day's gains in another broad selloff across the tech sector.Snowflake's (SNOW) erratic activity has seen the company's shares fall to a 52-week-low of $110.26 on Tuesday, and then close at $122.54 on Wednesday following upbeat reaction to its Snowflake Summit user conference and investor day earlier this week. Truist Securities analyst Joel Fishbein spoke for many Snowflake (SNOW) watchers saying, "We have high confidence that the company will hit their $10B revenue target."But, on Wednesday, Snowflake (SNOW), and other cloud-based software stocks found no relief, as more fears of a recessi

Tesla Receives Recall Order From Germany for Models Y Tesla MotorsGermany’s automotive regulator has called on Tesla Inc. to issue a recall for its models Y and 3 because of a technical problem in the cars’ emergency system.The Federal Motor Transport Authority can only order a recall in Germany, but said on its website that a total of more than 59,000 Teslas would be affected worldwide.The German agency identified a glitch with the cars’ emergency system, which should automatically call 911 in the US, or the relevant emergency line in other countries, in the event of a serious accident. Affected owners were told to call the manufacturer or drive to an authorized repair shop for a software update.The notice was published on June 29 and reported by public broadcaster Rundfunk Berlin-Br

Meta Platforms: Betting on Its Innovative DNAMeta Platforms, Inc.+0.17%META stock experienced a decline in value due to high inflation and regulatory headwinds. However, the market’s expectations are so low that a few improvements in its business should boost the stock price. Meta’s growth prospects and value are too important to ignore.Meta Platforms (META), the tech giant formerly known as Facebook, made a surprising recovery after releasing its earnings report in April, sending its shares up 13%. Unfortunately, the stock has plummeted by more than 55% from last year’s trillion-dollar peak. Despite this, I am bullish on META stock.Its first-quarter earnings showed a recovery in daily active users for Facebook, comfortably beating analyst estimates. Considering the company’s positive quar

Microsoft’s Turn Is Coming in Stock Battle of Titans Software maker’s shares are underperforming Apple’s this year Analysts see Microsoft growth more durable than iPhone maker’s Signage outside the Microsoft campus in Mountain View, California.Photographer: David Paul Morris/Bloomberg In the stock market contest this year between the two biggest US companies, Microsoft Corp. has been no match for Apple Inc. With consumer spending under threat from a possible recession, some analysts are betting that performance is about to turn around. Their valuations might be similar, but their business models are quite distinct. Much of Microsoft’s almost $200 billion of annual revenue comes from providing essential software and services to businesses. Meanwhile, Apple is more at the mercy of consumer d

Disney Stock: More Upside Potential Ahead after Magical Q3Disney stock is fresh off a great third quarter led higher by Parks and its streaming platform Disney+. As the firm’s segments fire on all cylinders again, count me as unsurprised if the firm can surge into a recession.Shares of media kingpin and video-streamer Disney (DIS) have been on quite a tear of late, soaring off their June lows. Undoubtedly, the stock was oversold and was long overdue for a relief bounce on the back of numerous catalysts I pointed out in prior pieces. Theme parks are flexing their muscles again, and recentDisney+ numbers were far better than feared. Indeed, there’s hope that the company’s third quarter is just a hint of what’s to come for the House of Mouse going into year’s end.

Amazon Sells More Than 300 Million Items During Prime DayAmazon.com Inc. said this year's Prime Day event, its annual shopping blitz, was its biggest ever, offering few specifics in a year when shoppers are being squeezed by inflation.Amazon said in a statement Thursday morning that customers purchased more than 300 million items during the event, adding that some of the bestselling items were premium beauty products, Apple Watches, diapers and kitchen items.The company said it sold more Amazon devices during this Prime Day than any other and that Prime members saved more than $1.7 billion from shopping the deals.An Amazon spokesperson said Thursday that Prime Day sales growth increased from a year ago.

The Fed Could Crush the Stock Market The market is expecting another big rate hike from the Fed.But how big that rate hike could be is still a mystery.August data showed that the Fed still has work to do to rein in inflation.Since inflation data for August came in hotter than expected last week, investors have been on edge. The market sent the Dow Jones Industrial Average tumbling by more than 1,100 points last week. Despite the pain, the worst still may be to come, with the Federal Reserve's September meeting kicking off today and wrapping up tomorrow. Here's how the Fed could crush the stock market tomorrow and also why you shouldn't panic.What kind of rate hike is coming?In August, the Consumer Price Index (CPI), which tracks the prices of a range of daily consumer goods and servic

Apple Stock Offers a Good Hiding Place in a Rocky Stock Market.As earnings day gets closer, investors are having some early jitters. Since the start of the month, Apple stock is down 5% -- but not to worry, says Deutsche Bank analyst Sidney Ho. "While concerns about the China smartphone market and manufacturing shutdowns in China have increased recently," Apple stocks remains "a good hiding place in this volatile market." And next week's earnings are probably going to turn out just fine.Sure, on the one hand, the rapid spread of Omicron coronavirus in China has caused city-wide shutdowns and shuttered key factories, which could snarl supply chains and delay delivery of certain Apple products to market. iPhone supply chains in particular, however, which account for the majority of Apple's p

Micron's Weak Outlook Sparks Concerns of Chip Down CycleMicron TechnologyMicron Technology Inc projected fourth-quarter revenue and profit below market estimates on Thursday, a sign that geopolitical turmoil and weakness in consumer spending would weigh on demand for its memory chips.Shares of the Boise, Idaho-based company initially fell 6.3% in extended trading but later pared losses to trade 2.2% lower. The weak outlook could raise broader concern the chip market is heading into a down cycle after a recent shortage.

Oil Drops After US Inflation Rises to a 40-Year HighBrent Last Day Financial-1.06%Light Crude Oil Oil dropped Friday morning after the US Labor Department reported inflation accelerated to a fresh 40-year high in May.West Texas Intermediate fell almost 2% to near $119. The inflation report chilled broader markets and sent a signal to the Federal Reserve to extend an aggressive series of interest-rate hikes. The report reversed earlier gains that were driven by signs of China starting to ease virus curbs in key cities.Oil has maintained its upward momentum this year through bouts of volatile trading following Russia’s invasion of Ukraine in late February. Goldman Sachs Group Inc. this week boosted its price forecasts into 2023, while OPEC warned that most members are “maxed out” o

Will Meta Platforms Rebound Anytime Soon?Meta Platforms, Inc.Meta Platforms (FB 1.83%) surely hasn't had the ideal start to 2022. In early February, the social media giant delivered a weak fourth-quarter 2021 earnings report after experiencing its first-ever decline in daily active users on the Facebook platform. All around, growth to wrap up 2021 was patchy -- Apple's iOS privacy update, coupled with the company's transition to short-form video (Reels), continued to place pressure on its top line.To add fuel to the fire, Snap warned investors earlier this week that the macroeconomic environment has worsened more than anticipated. As a result, the social media company is now likely to report revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) metri

iRobot Stock Surges 19% on Amazon TakeoverAmazon.com Inc. is buying Roomba maker iRobotCorp. for $1.7 billion, including debt, as the online retailer adds another connected-home product to its portfolio.Amazon on Friday said it is paying $61 a share for iRobot in an all-cash deal. iRobot stock surges 19% on Amazon takeover.The price represents a 22% premium to iRobot’s closing price of $49.99 on Thursday.iRobot Chief Executive Colin Angle will remain in his position upon completion of the acquisition, which requires approval from shareholders.iRobot shares rose 19.3% in premarket trading, while Amazon shares fell 0.8%.iRobot introduced its Roomba vacuum in 2002. The wireless, smart-vacuum learns and maps spaces to clean dust and messes.Roomba would join other Amazon-owned products like the

Here's how Tesla performed versus Street estimates:Revenue: $18.8 billion versus $17.9 billion expectedAdjusted earnings per share: $3.22 versus $2.27 expectedMusk noted that despite COVID-19 related shutdowns at its key Shanghai manufacturing plant recently, Tesla production has come back with a "vengeance." He added that will aid in Tesla potentially delivering 60% more cars this year compared to 2021, ahead of many analyst estimates."Taking a step back, with the supply chain issues still a lingering overhang on the auto space and logistical issues globally, we believe these 'Cinderella-like' delivery numbers in a brutal supply chain backdrop speaks to an EV demand trajectory that looks quite robust for Tesla heading into the rest of 2022," Wedbush Managing Director Dan Ives said.Ives ha

U.S., China Near Deal to Allow Audit Inspection of N.Y.-Listed Chinese CompaniesThe Wall Street JournalAgreement could prevent many Chinese companies from being delisted from American stock exchangesRegulators from the Public Company Accounting Oversight Board in Washington are prepared to travel to Hong Kong to inspect Chinese companies’ auditors.SINGAPORE—The U.S. and China are nearing an agreement that would allow American accounting regulators to travel to Hong Kong to inspect the audit records of Chinese companies listed in New York, according to people familiar with the matter, as the two countries move toward resolving a yearslong standoff.Securities regulators in Beijing are making arrangements for U.S.-listed Chinese companies and their accounting firms to transfer their audit wor

Musk's Twitter Deal Threats Put New Financing on IceTesla Motors-0.21%Elon Musk's efforts to arrange new financing that will limit his cash contribution to his $44 billion acquisition of Twitter Inc have been put on hold because of the uncertainty surrounding the deal, people familiar with the matter said.Musk has been threatening to walk away from the deal unless the social media company provides him with data to back up its estimate that false or spam accounts comprise less than 5% of its user base. This culminated in a letter from Musk's lawyers to Twitter on Monday warning he may walk away unless more information is forthcoming.Musk is on the hook to pay $33.5 billion in cash to fund the deal after arranging debt financing to cover the rest. His liquidity is limited given that his weal

Disney Tops Netflix on Streaming Subscribers, Sets Higher PricesLOS ANGELES, Aug 10 - Walt Disney Co edged past Netflix Inc with a total of 221 million streaming customers and announced it will increase prices for customers who want to watch Disney+ or Hulu without commercials.The media giant will raise the monthly cost of Disney+ without advertising by 38% to $10.99 in December, when it begins to offer a new option that includes ads for the current price.Shares of Disney rose 6.8% in after-hours trading to $120.06 on Wednesday.Disney in 2017 staked its future on building a streaming service to rival Netflix as audiences moved to online viewing from traditional cable and broadcast television.Five years later, Disney has edged past Netflix in total streaming customers. The Mouse House added

Dow Rises 300 Points As Potential for Fed to Slow Rate Hikes Stocks rose on Friday as investors assessed more corporate earnings reports and the outlook for Federal Reserve rate hikes. The Dow Jones Industrial Average gained 343 points, or 1.1%. The S&P 500 rose 1%. The Nasdaq Composite was up by 0.5%. Treasury yields fell from their highs on Friday morning after areport from the Wall Street Journalthat some Fed officials are concerned about overtightening with large rate hikes. That report appeared to limit losses for stocks at the open. Earnings reports weighed on the market. Dow components American Express and Verizon fell more than 4% after their quarterly reports. In tech, social media company Snap reported a quarterly revenue of $1.13 billion, below expectations. That revenuerepr