Updated June 27, 2022 5:33 am ET Listen to article (2 minutes) Almost everything has fallen in the stock market this year. Consumer-staples stocks are bucking the trend. Shares of companies selling staples such as beer, chocolate and canned soup have raced past the broader market in 2022. Molson Coors Beverage Co. is up 20% … Read more
Cliff Asness and Rob Arnott say value stocks finally have room to run after years of lagging behind. Although few corners of the stock market have emerged unscathed in 2022’s dizzying selloff, value shares—traditionally considered those that trade at a low multiple of their book value, or net worth—have held up better than most. By … Read more
BlackBerry Ltd. shares ticked lower in the extended session Thursday after the cybersecurity and IoT company posted a slight beat to Wall Street expectations. BlackBerry BB, +0.94% shares declined 1.5% after hours, following a 0.9% rise in the regular session to close at $5.37. The company reported a first-quarter loss of $181 million, or a … Read more
JetBlue Airways Corp. said it plans to launch a hostile takeover attempt for discount carrier Spirit Airlines Inc. after Spirit rejected JetBlue’s $3.6 billion offer in favor of an existing deal with Frontier Airlines . JetBlue is appealing directly to Spirit’s shareholders by launching a tender offer for their shares, in hopes of pressuring Spirit’s … Read more
Investors are rediscovering the charms of boring stocks. Anxieties over the Federal Reserve’s plans to tame inflation by raising interest rates have buffeted the stock market, sending the S&P 500 down 13% this year and 8.8% in April alone. Technology stocks have faced particularly intense pressure, leaving the Nasdaq Composite off 21% for the year … Read more
