$ERIC
Telefonaktiebolaget L M Ericsson
PRICE
$5.41 ▲1.501%
Extented Hours
VOLUME
31,074,374
DAY RANGE
5.32 - 5.54
52 WEEK
4.33 - 6.36
Join Discuss about ERIC with like-minded investors
@CarlosH-carvan #ivtrades
I had 81C Eric.... > @Eric_V said: I'm down on 82.5C this friday too
59 Replies 11 👍 14 🔥
@CarlosH-carvan #ivtrades
Eric, the ceiling going unlimited until Jan 2025......The condition is pick up the student loans again max $375.00 monthly to reduce PIL
138 Replies 7 👍 10 🔥
@trademaster #TradeHouses
By Amanda Cooper LONDON (Reuters) - Stocks fell on Tuesday, while the dollar got a lift as investors focused on this week's corporate earnings and macro data, hoping they would paint a clearer picture of the health of the global economy. Last week's U.S. bank earnings came in stronger than expected, and this week brings results for Big Tech and a number of big consumer brands in the United States. But overall, year-on-year earnings growth for S&P 500 components is expected to come in at -4.7% in the first quarter, according to data from Refinitiv. Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL), two major drivers of strength in the S&P this year, report after Tuesday's closing bell. U.S. stock futures were last down roughly 0.4%. "There's a lot of uncertainty. People still don't know how much bank lending has been impacted by recent developments ... (or) when inflation will durably peak," said Prashant Bhayani, chief investment officer Asia, BNP Paribas (OTC:BNPQY) Wealth Management. Bhayani also pointed to anxiety about other weak spots that might be exposed by the recent turmoil in U.S. and Swiss banks. Mid-tier lender First Republic Bank (NYSE:FRC) shares sank more than 20% after the closing bell on Monday after it reported deposits plunged by more than $100 billion in the first quarter and it was exploring options such as restructuring its balance sheet. But PepsiCo (NASDAQ:PEP) Inc and General Electric (NYSE:GE) Co gained in premarket trading after lifting profit forecasts on Tuesday. [.N] Meanwhile, in Europe, Swiss bank UBS reported a 52% slide in quarterly profit, as it prepares to integrate fallen rival Credit Suisse. The drop in profit was largely due to UBS setting aside a further $665 million to cover the costs of toxic mortgages that played a central role in the global financial crisis some 15 years ago. UBS shares fell 4%, and in turn weighed on the broader STOXX 600 index, which lost 0.3% on the day, with a banks index down 2%. MSCI's broadest index of Asia Pacific shares outside Japan lost 1.18%. HOPING FOR RESPITE One of the key questions about March's banking sector turmoil was how it might affect central banks' plans to raise interest rates. Both the Federal Reserve and European Central Bank meet next week, and the Bank of Japan meets Friday. Eric Stein, chief investment officer, fixed income at Morgan Stanley (NYSE:MS) Asset Management, said a tug of war over the direction of U.S. interest rates has been playing out in recent months. "Has the Fed essentially done its job on inflation and we're now just waiting for the results to come in and the market direction takes care of itself? Or does the Fed have to do more?" he said. "Maybe they (raise) one more time in May, then I think the Fed is done after that. And then the real question is are we heading for a recession? And at some point, I do think there will be some rate cuts," he said. In the U.S. government bond market, short-dated Treasury yields were already trading well above longer-dated ones - a sign that investors think recession is possible. But this week has seen a huge rise in yields on three-month bills - which mature roughly around the time of the deadline for lawmakers to agree on the debt ceiling. The House of Representatives is expected to vote on a Republican-led debt and spending bill this week. The premium of three-month T-bill yields over 10-year yields has shot to 173 basis points, its largest in about 40 years, reflecting the risk investors believe is building for a damaging standoff. The yield on benchmark 10-year notes eased 7 bps to 3.4428%. The dollar index rose 0.3%, largely thanks to declines in the euro and sterling. In a sign that concern about the stability of the financial system has receded, several of the world's largest central banks said on Tuesday they no longer need to conduct daily operations to keep the flow of dollars running smoothly, but instead, would conduct weekly ones. Oil was last trading lower, giving back gains in Asian trading. Brent crude fell 0.7% to $82.15 a barrel, while U.S. crude fell 0.74% to $78.17 a barrel.
93 Replies 6 👍 10 🔥
@dros #droscrew
Upgrades 3/30: $AMT $APLE $AU $CCI $DRH $ERIC $EQNR $FLNC $FLWS $GMED $IPG $JNPR $NBIX $NVS $PALI $PAYC $PCTY $PM $PRQR $SBAC $SHLS $SPWR $TEF $WMT Downgrades 3/30: $ASR $BCEL $CUTR $HRL $MCLD $NEXA $OMAB $PK $SCCO $SCHW $XHR +Initiations 3/30: $AER $CHS $CRNX $CROX $DRVN $ERAS $GD $GPN $HLLY $IMCR $IMVT $LCUT $SPB $VRDN $WCN $WM $ZBRA .. -Initiations 3/30:
99 Replies 9 👍 6 🔥
@trademaster #TradeHouses
By Josh Horwitz SHANGHAI (Reuters) - Chinese tech giant Huawei Technologies Co Ltd estimated on Friday its 2022 revenue remained flat, suggesting that its sales decline due to U.S. sanctions had come to a halt. Despite sales increasing a mere 0.02%, rotating chairman Eric Xu struck an upbeat tone in the company's annual New Year's letter, where he revealed the figure. "U.S. restrictions are now our new normal, and we're back to business as usual," Xu wrote in the letter that was addressed to staff and released to media. Revenue for the year is expected to be 636.9 billion yuan ($$91.53 billion), according to Xu. That represents a tiny increase from 2021, when revenue hit 636.8 billion yuan, and marked a 30% year-on-year sales tumble as the U.S. sanctions on the company took effect. Xu's letter did not mention Huawei's profitability. The company typically discloses its full annual results in the following year's first quarter. Revenue for 2022 still remained well below the company's record of $122 billion in 2019. At the time the company was at its peak as the top Android smartphone vendor globally. In 2019, the U.S. Trump administration imposed a trade ban on Huawei, citing national security concerns, which barred the company from using Alphabet (NASDAQ:GOOGL) Inc's Android for its new smartphones, among other critical U.S.-origin technologies. The sanctions caused its handset device sales to plummet. It also lost access to critical components that barred it from designing its line of processors for smartphones under its HiSilicon chip division. The company continues to generate revenue via its networking equipment division, which competes with Nokia (NYSE:NOK) and Ericsson (BS:ERICAs). It also operates a cloud computing division. The company began investing in the electric vehicle (EV) sector as well as green technologies around the time sanctions took effect. "The macro environment may be rife with uncertainty, but what we can be certain about is that digitisation and decarbonisation are the way forward, and they're where future opportunities lie," said Xu in the letter.
52 Replies 8 👍 6 🔥
@Alpha #decarolis
**USA ELEZIONI MIDTERM** Nella corsa per un seggio al Senato degli Stati Uniti in **South Carolina**, il repubblicano Scott sconfigge lo sfidante democratico Matthews - Edison Research Projection. Nella corsa per un seggio al Senato degli Stati Uniti in South Carolina, il repubblicano Paul sconfigge lo sfidante democratico Booker - Fox News Projection. Nella corsa per il seggio del Senato degli Stati Uniti in **Vermont**, il democratico Welch sconfigge il repubblicano Malloy. - Fox News Projection. Il governatore repubblicano della **Florida** DeSantis è stato rieletto - CBS, NBC. Anna Paulina Luna, repubblicana, ha vinto nel 13° distretto congressuale in **Florida**, capovolgendo i risultati distrettuali - Proiezione Edison Research. **I repubblicani** hanno guadagnato tre seggi della Camera degli Stati Uniti, precedentemente detenuti dai democratici, con 371 seggi su 435 ancora in fase di scrutinio. - Edison Research Projection. Nella corsa a governatore del **Texas,** il repubblicano Abbott sconfigge il democratico Beto O'Rourke - Fox News Projection. Il governatore repubblicano del **Texas** Abbott è rieletto - Fox, NBC. **I repubblicani** hanno guadagnato quattro seggi della Camera degli Stati Uniti, precedentemente detenuti dai democratici, con 242 seggi su 435 ancora in fase di scrutinio. - Edison Research Projection. Nella corsa per un seggio repubblicano al Senato del **Missouri**, il repubblicano Eric Schmitt sconfigge la democratica Trudy Busch Valentine - Edison Research. **I repubblicani** hanno guadagnato cinque seggi della Camera degli Stati Uniti, precedentemente detenuti dai democratici, con 191 seggi su 435 ancora in fase di scrutinio. - Edison Research Projection. Nella corsa per un seggio al Senato degli Stati Uniti in **Iowa**, il repubblicano Grassley ha sconfitto lo sfidante democratico Franken - Edison Research. **Finora, nessuno dei due partiti, ha guadagnato o perso un numero dirimente di seggi al Senato, con 22 dei 35 seggi ancora in fase di scrutinio. - Edison Research Projection.** Il repubblicano Vance vince la corsa al Senato **dell'Ohio**; i repubblicani mantengono il seggio - NBC, ABC.
66 Replies 13 👍 15 🔥
@dros #droscrew
https://www.cnbc.com/2022/10/24/how-googles-former-ceo-eric-schmidt-helped-write-ai-laws-in-washington-without-publicly-disclosing-investments-in-ai-start-ups.html
112 Replies 7 👍 14 🔥
@thegiz18 #ivtrades
Good morning, US stock futures are flat to lower, with Tech leading to the downside dragged down by $TSLA. Dow the strongest on $IBM results. Dollar is down slightly Crude over 1.5% higher, NG up as well Gold and Silver marginally higher $ERIC slammed on earnings miss down 16% $AA down 10% on earnings $IBM up 3% on earnings Trade Well
117 Replies 14 👍 6 🔥
Key Metrics
Market Cap
17.69 B
Beta
1.02
Avg. Volume
15.33 M
Shares Outstanding
3.08 B
Yield
4.28%
Public Float
0
Next Earnings Date
2024-04-16
Next Dividend Date
2024-04-04
Company Information
Telefonaktiebolaget LM Ericsson, commonly known as Ericsson, is a Swedish multinational networking and telecommunications company headquartered in Stockholm.
CEO: E. Borje Ekholm
Website: https://www.ericsson.com/
HQ: Torshamnsgatan 21 Stockholm, 164 40 Stockholm
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