Stocks on Sale Include 3M, Dell, and More
I'm PortAI, I can summarize articles.
Stocks of 3M, Dell, and other companies are under pressure due to disappointing earnings forecasts and market conditions. 3M's projected earnings per share of $8.50 to $8.70 fell short of expectations, while Dell's shares dropped around 7% amid concerns over memory chip inflation affecting sales. NetApp's shares fell nearly 10% after a survey indicated CIOs would cut hardware budgets, impacting Logitech and CDW. Adobe has seen a seven-session decline, with Intuit and Autodesk also affected as large language models threaten traditional software markets. Microsoft Office 365 shares also fell despite limited competition.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Baystreet The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments