Financial Performance

June Jobs Data, FOMC Minutes, Levi’s Earnings, and More for Investors to Watch This Week

Text size Uncredited The stock market will be closed on Monday for Independence Day. It will be a light week on the earnings calendar once investors return, but with plenty of notable economic releases to process. The highlight will be the June jobs report from the Bureau of Labor Statistics on Friday. On average, economists …

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NIO, XPeng and Li Auto Deliveries Set a Record. That Can Help Tesla Stock, Too.

Text size Production and demand for electric vehicles in China rebounded in June. Qilai Shen/Bloomberg Investors in electric-vehicle stocks should breathe a sigh of relief on Friday. Production and demand for electric vehicles in China rebounded in June after a Covid-19-induced lull. Deliveries in June at NIO (ticker: NIO ), Li Auto (LI), and XPeng …

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Micron Stock Is Sliding. The Outlook Disappointed.

Text size New Street Research analyst Pierre Ferragu says a recent weakness in Micron Technology stock represents an opportunity to buy. Dreamtime Micron Technology stock is trading lower after the memory-chip maker said financial results for the fiscal fourth quarter ending in August will come in well short of previous Street estimates. While analysts had …

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Opinion: The chip boom likely over, as Micron says it’s in a ‘downturn’

The semiconductor boom of the past two years appears to be ending. Memory-chip maker Micron Technology Inc. MU, -1.32% gave a downbeat forecast for its next fiscal quarter Thursday, predicting a massive revenue shortfall ranging from $1.5 billion to $2.3 billion, as COVID-19 restrictions in China and slower demand for consumer products hurt the sale …

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