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Intuit CEO Sasan Goodarzi speaks at the opening night of the Intuit Dome in Los Angeles on Aug. 15, 2024.Rodin Eckenroth | Filmmagic | Getty ImagesIntuit shares fell 6% in extended trading on Thursday after the finance software maker issued a revenue forecast for the current quarter that trailed analysts' estimates due to some sales getting delayed.Here's how the company performed in comparison with LSEG consensus:Earnings per share: $2.50 adjusted vs. 2.35 expectedRevenue: $3.28 billion vs. 3.14 billionRevenue increased 10% year over year in the quarter, which ended on Oct. 31, according to a statement. Net income fell to $197 million, or 70 cents per share, from $241 million, or 85 cents per share, a year ago.While results for the fiscal first quarter topped estimates, second-quarter gui...

Ken Griffin, chief executive officer and founder of Citadel Advisors LLC, speaks during an Economic Club of New York event in New York, US, on Thursday, Nov. 21, 2024.Yuki Iwamura | Bloomberg | Getty ImagesCitadel CEO Ken Griffin issued a warning against the steep tariffs President-elect Donald Trump vowed to implement, saying crony capitalism could be a consequence."I am gravely concerned that the rise of tariffs puts us on a slippery slope towards crony capitalism," the billionaire investor said Thursday at the Economic Club of New York.The Citadel founder said domestic companies could enjoy a short-term benefit of having their competitors taken away. Longer term, however, it does more harm to corporate America and the economy as companies lose competitiveness and productivity, he said.C...

Wall Street's optimistic tone since Donald Trump secured a return to the White House could have outsized benefits for a handful of stocks that typically gain when sentiment is bullish, according to Piper Sandler. Stocks soared to record highs immediately after Trump's victory in early November. Investors hoped that his election would lead to looser regulations, which could trigger a spree of dealmaking on Wall Street, as well as lower corporate taxes. The postelection rally has broadened out in recent days toward stocks outside of the "Magnificent Seven." "By many metrics, bullish sentiment is at an extreme," Michael Kantrowitz, Piper Sandler's chief investment strategist and head of portfolio strategy, wrote in a Tuesday note. "Investors expect the market to climb higher and accordingly, ...

While the S & P 500 and Nasdaq 100 have both pushed to new all-time highs in November, market breadth indicators have mostly not confirmed those recent highs. While the trends for the major equity averages remain undeniably positive, the lack of breadth support suggests a painful reversal may be just around the corner. This chart shows the S & P 500 on a closing basis along with three common measures of market breadth: the cumulative advance-decline line, the percent of stocks above their 50-day moving average, and the Bullish Percent Index. Note how all three of the breadth indicators shown have actually made lower highs in November, despite the S & P 500's move above the 6,000 level. Market breadth indicators like these are equal-weighted, meaning they simply count the number...