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Dycom’s stock plunges after profit, sales warning

“The stock has tumbled 19.5% year to date through Friday, while the S&P 500 SPX, -0.71% has gained 6.0%” writes Reporter Editor for marketwatch.com. DY, -0.10% tumbled 21% toward a 20-month low in premarket trade Monday, after the specialty contracting services company slashed its fiscal second-quarter profit and sales outlook.The FactSet consensus was for adjusted EPS of $1.19 and for revenue of $843 million.The company now expects to report revenue of $799.5 million for the quarter to July 28, below its previous guidance range of $830 million to $860 million. Source:…

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Microsoft CEO Nadella sells $35.9 million in company stock

“Microsoft stock is up less than 0.1% in after hours trading Friday” writes Tech Reporter for marketwatch.com. MSFT, -0.61% Chief Executive Satya Nadella sold $35.9 million of the tech titan’s stock, according to a Securities and Exchange Commission filing late Friday.The 328,000 shares was not part of a pre-planned stock sale and represents roughly one third of Nadella’s previous total holdings.Nadella now holds 778,596 Microsoft shares. Source: marketwatch.com Share This:

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Infinera stock tumbles after earnings; analyst says ‘execution risk’ remains

“He said that the increased scale that would come with the company’a acquisition of Coriant will likely help, but Notter sees “significant execution risk with the transaction.”” writes Emily Bary for marketwatch.com. The stock is down 11% over the past 12 months, while the S&P 500 SPX, -0.01% has gained 15% Have breaking news sent to your inbox.”Stepping back, we still have concerns about the company’s competitiveness,” wrote Jefferies analyst George Notter, who acknowledged that the latest quarterly results were “solid.”. Notter rates the stock at underperform and lowered his…

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Ford executive reportedly left after allegations of ‘inappropriate behavior’

“F, +0.60% executive has left the company over allegations of “inappropriate behavior,” Automotive News reported Monday, citing a source familiar with the matter” writes Claudia Assis for marketwatch.com. In February, Raj Nair, the former president of Ford North America, left the company after an internal investigation determined that “certain behavior by Nair was inconsistent with the company’s code of conduct.”.  Source: marketwatch.com Share This:

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Watch for an S&P pullback this week — and buy the dip

“But, at the same time, one has to often be reminded that we are still in a bull market, and shorting within a bull market is not advisable, as surprises have always come to the upside” writes Avi Gilburt for marketwatch.com. That is why most investors should be using the pullbacks as a time to buy, rather than as an opportunity to short. Source: marketwatch.com Share This:

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Merck shares rise 1.5% on Q2 beats

“SPX, -0.30% shares rose 1.5% in Friday premarket trade after the pharmaceutical company reported second-quarter profit and revenue beats” writes Emma Court for marketwatch.com. Merck now expects 2018 revenue of $42 billion to $42.8 billion, compared with previous guidance of $41.8 billion to $43 billion and the FactSet consensus of $42.11 billion. Merck shares have surged 7.6% over the last three months, compared with a 6.3% rise in the S&P 500 SPX, -0.30% and a 5% rise in the Dow Jones Industrial Average DJIA, +0.44%.  Source: marketwatch.com Share This:

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Merck shares rise 1.5% premarket on Q2 earnings, revenue beat

“SPX, -0.30% shares rose 1.5% in Friday premarket trade after the pharmaceutical company reported second-quarter profit and revenue beats” writes Emma Court for marketwatch.com. Merck now expects 2018 revenue of $42 billion to $42.8 billion, compared with previous guidance of $41.8 billion to $43 billion and the FactSet consensus of $42.11 billion. Merck shares have surged 7.6% over the last three months, compared with a 6.3% rise in the S&P 500 SPX, -0.30% and a 5% rise in the Dow Jones Industrial Average DJIA, +0.44%.  Source: marketwatch.com Share This:

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Boeing’s stock knocks nearly 80 points off the Dow industrials in Wednesday trade

“The Dow DJIA, -0.44% was trading about 121 points, or 0.5%, lower at 25,120, with Boeing’s BA, -3.05% decline of $11.54, or 3.2%, cutting about 77 points from the equity gauge” writes Mark Decambre for marketwatch.com. The Dow Jones Industrial Average early Wednesday was trading firmly lower, with shares of component Boeing Co. delivering the stiffest headwind for the blue-chip benchmark.Meanwhile, the S&P 500 index SPX, -0.02% was trading flat at 2,818, while the Nasdaq Composite Index SPX, -0.02% was up 0.1% at 7,848, a day after seeing its biggest…

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