Qualcomm (QCOM) Suspends Guidance and Pays the Price
Energy Minerals Leading Over Past 3 MonthsDespite a big dip in trading at the end of August, the Energy Minerals sector has been performing surprisingly well.
The sector has wildly outperformed the rest of the marketplace in the past 3 months. In fact, it’s grown by over 9% in the past 90 days. That stands in contrast to what a lot of investors have been thinking, and only goes to show that hard numbers beat Wall Street buzz any day of the week.
Ralph Lauren (RL) Booms on EarningsClothing manufacturer Ralph Lauren (RL) posted a big earnings beat today. That’s been in line with the way that the Consumer Non-Durables sector has been overperforming the rest of the market. Shares of Ralph Lauren boomed today, after it was announced that the company would exceed guidance by over $23 million. In trading today, Ralph Lauren saw their stock prices gain over 14%. It gained 16.93 points and closed the day at $130.50 per share.
Qualcomm (QCOM) Suspends Guidance and Pays the PriceEven though Qualcomm (QCOM) exceeded earnings expectations, the company left a bad taste in traders mouths when it was announced that they would no longer offer forward-looking guidance figures. The company replaced traditional guidance numbers with a quarter-by-quarter peek at its figures, and investors revolted.
In trading today, Qualcomm lost over 15% of its value, dropping just over 9 points. Shares of Qualcomm closed the day at $51.07.
Published on Nov 5, 2015By Aaron Phillips