A review of one of its R1T pickup trucks from a respected source may be what investors are keying in on today. Analyst Jason Kupferberg slashed the price target on Coinbase from $77 per share to $50 per share, and cut its rating from buy to neutral. You can catch up on all of that at the following links! Its also worth mentioning that Micron was one of the first PC parts companies to warn of weakening chip demand earlier this year. 3 Stocks to Add to Your Black Friday Shopping List, Louis Navellier and the InvestorPlace Research Staff, Beaten-Down EV Charging Stocks Are Ready to Power Up Your Portfolio, A $90 Million Catalyst Is Brewing for Mullen (MULN) Stock in 2023, MULN Stock: Mullen Opens the Hood on Bollinger Motors Deal, 7 Stocks to Buy as Republicans Recapture the House. Dow Jones Industrial Average The Motley Fool has positions in and recommends Coinbase Global, Inc. and Goldman Sachs. Making matters worse for XRX stock today is revenue of $1.75 billion. 1125 N. Charles St, Baltimore, MD 21201. NVDA stock is next with todays news sending shares 3.5% lower as of this writing. down 4.91% from the prior-year quarter. Weve got all of the hottest stock market coverage traders need to know about for Tuesday! Mullen Is Reselling Up to 220 Million Shares of MULN Stock. The broad-market tailwinds lifted the software sector today. The upcoming Federal Reserve meeting may lead to further damage for tech stocks, for instance. In today's video, Jose Najarro and Nick Rossolillo compare Intel (NASDAQ: INTC) and its most significant competitor, Advanced Micro Devices (NASDAQ: AMD). Enphase Energy (ENPH) Stock Pops on Strong Q3 Earnings, How Elon Musk Could Take Rumble (RUM) Stock to the Next Level, Buy This $5 Stock BEFORE This Apple Project Goes Live, The Best $1 Investment You Can Make Today, Early Bitcoin Millionaire Reveals His Next Big Crypto Trade On Air. It has cut more than 18% of its workforce so far. Dow Futures -97.00 (-0.29%) Why cruise stocks are plunging today. Why Article printed from InvestorPlace Media, https://investorplace.com/2022/10/why-is-xerox-xrx-stock-down-20-today/. On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. did not hold (either directly or indirectly) any positions in the securities mentioned in this article. All rights reserved. Stock Advisor. Its also possible this trend could continue in the coming weeks. The DJIA is one of the oldest and most commonly followed equity indexes. Why The shares are currently trading at their lowest price-to-sales (P/S) ratio since the 2008 market crash. This news includes Alphabet(NASDAQ:GOOGL, NASDAQ:GOOG) missing estimates in its latest report. On the date of publication, William White. Why Dow Futures -97.00 (-0.29%) Why cruise stocks are plunging today. appeared first on InvestorPlace. Shares are again making new lows, as growth and tech stocks take a hit. Our Flagship Service. Cost basis and return based on previous market day close. Back in September, Eli Lilly competitor Biogen(NASDAQ:BIIB) reported positive trial results for an Alzheimers treatment. HubSpot trades near $280 today, so that upside is still significant. Lets take a look at how these pieces of news are affecting semiconductor stocks today! ET, the stock was holding a 3.4% gain on the day so far, outperforming the blue chip heavy Dow Jones Industrial Average. Salesforce is trading at a historically low price-to-sales valuation. For the record, its prior revenue guidance had been at least $7.1 billion as well. Why The Motley Fool has positions in and recommends Salesforce, Inc. Crypto Companies Continue to Drop on Contagion Fear, The Implosion of FTX Is Not Good News for Coinbase, Cumulative Growth of a $10,000 Investment in Stock Advisor, Warren Buffett Just Bought 8 Stocks -- Here Are the Best of the Bunch, Tech Sell-Off: 1 Nasdaq Stock Down 77% to Buy Before It Starts Soaring, Nasdaq Bear Market: 3 Remarkable Growth Stocks Down Over 90% That Can Double Your Money by 2025, 2 Growth Stocks Billionaires Are Buying Hand Over Fist in a Nasdaq Bear Market, Join Over 1 Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. Why Steve Bandrowczak, CEO of Xerox, said the following in the earnings report: Top-line strength and cost discipline resulted in sequential improvement to our adjusted operating margin this quarter, but profitability remains challenged by persistently high inflation and continued supply chain constraints.. Why Coinbase Stock Is Down Another 7% Today. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com, Wall Street Legend Louis Navellier Reveals His Top 11 Stocks for 2023. LI has taken the worst beating so far, declining nearly 12% and showing no signs of a rebound. Friday's decline appears to have been spurred by a bearish analyst note from Bank of America. Dow Inc A scandal at Twitter is pushing healthcare stocks down today.Since Elon Musk took over the platform, much controversy has risen regarding its verification system. Why Is Tattooed Chef (TTCF) Stock Down 19% Today? Semiconductor stocks arent doing so hot on Wednesday. 352%. First up, Micron(NASDAQ:MU) just announced that it will cut memory chip production in 2023. Some market participants are worried about a possible slowdown in cloud-services spending heading into next year, but the stock has already priced in a lot of bad news. WebThe Dow Jones Industrial Average (DJIA), Dow Jones, or simply the Dow (/ d a /), is a stock market index of 30 prominent companies listed on stock exchanges in the United States.. Is a Reverse Stock Split Coming for Mullen (MULN) Stock? While it's one of the most prominent centralized crypto exchanges, contagion fears have put investors and analysts in a difficult position. DOW Coinbase's stock price has been under pressure throughout the year due primarily to its underwhelming earnings results and concerns around potential margin degradation. Shares of Salesforce (CRM 2.00%) were up as much as 7.5% at the market open this morning after news that value-investment firm Starboard Value LP had acquired a stake in the company. The company says it intends to decrease the production of DRAM bit supply and shrink the growth of NAND bit supply. The focus in the world of drugmakers is on Satsuma Pharmaceuticals (NASDAQ:STSA) right now, but not in a good way. The Dow Jones Industrial Average bounced between red and green today, but it closed the day as a winner. Is a Giant Short Squeeze Brewing in Cosmos (COSM) Stock? In today's video, Jose Najarro and Nick Rossolillo compare Intel (NASDAQ: INTC) and its most significant competitor, Advanced Micro Devices (NASDAQ: AMD). Dow Jones Nasdaq Composite Stock Market Premium Services. Todays news has STX stock down 6.3%, Nvidia (NASDAQ: NVDA) flat after a fall this morning and Advanced Micro Devices (NASDAQ: AMD) only barely recovering from negative movement earlier today. Our Flagship Service. Dow Jones Industrial Average Is It Time to Buy the Dow Jones' 3 Worst-Performing Stocks This Year? Semiconductor Stocks Down Today MU stock starts us off, with shares sliding 5.9% as of Wednesday afternoon. Shares of SoFi Technologies (SOFI-3.72%), a financial technology company, were climbing higher today after the latest financial results from several banks were better than analysts had expected. Copyright Why Chip stocks are suffering on Wednesday as several factors across the market drag shares down. Is a Giant Short Squeeze Brewing in Cosmos (COSM) Stock? Why quotes delayed at least 15 minutes, all others at least 20 minutes. Market-beating stocks from our award-winning analyst team. Investors seeking out more of the latest stock market news will want to keep reading! The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com, Wall Street Legend Louis Navellier Reveals His Top 11 Stocks for 2023, JetBlue (JBLU) Stock Slumps on Earnings Miss, Analysts Are Doubling Down on Xpeng (XPEV) Stock After Technology Day. CNN Business Buy the Dip on These 3 Dow Stocks Down Over 30% in 2022. 2022 InvestorPlace Media, LLC. The Motley Fool has a disclosure policy. Another factor affecting chip stocks today is the slew of poor earnings reports from several tech companies. 3 Stocks to Add to Your Black Friday Shopping List, Louis Navellier and the InvestorPlace Research Staff, Beaten-Down EV Charging Stocks Are Ready to Power Up Your Portfolio, A $90 Million Catalyst Is Brewing for Mullen (MULN) Stock in 2023, MULN Stock: Mullen Opens the Hood on Bollinger Motors Deal, 7 Stocks to Buy as Republicans Recapture the House. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. This news includes Alphabet(NASDAQ:GOOGL, NASDAQ:GOOG) missing estimates in its latest report. Meanwhile, Wall Street calls for revenue of $7.1 billion in 2022. Log In Help Join Why Salesforce Stock Was Down Earlier This Morning. Why A scandal at Twitter is pushing healthcare stocks down today. 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