Paycom Software joins S&P 500, replacing Centene

Paycom Software joins S&P 500, replacing Centene

Chad Richison, CEO, Paycom Scott Mlyn | CNBC Paycom, a provider of cloud-based payroll software, was added to the S&P 500 on Wednesday after the company’s stock price more than doubled over the past year, lifting its market value to almost $18 billion. The shares rose more than 5% in extended trading following the announcement. … Read more…

Tech stocks closing out best year in a decade, led by Apple and AMD

Tech stocks closing out best year in a decade, led by Apple and AMD

Apple CEO Tim Cook arrives for Apples “The Morning Show” global premiere at Lincoln Center- David Geffen Hall on October 28, 2019 in New York. Angela Weiss | AFP | Getty Images Tech stocks are about to close out their best year since the rebound from the financial crisis. With December winding down, the S&P … Read more…

AWS, Microsoft, Adobe and IPOs highlight decade of the cloud

AWS, Microsoft, Adobe and IPOs highlight decade of the cloud

Microsoft CEO Satya Nadella and Salesforce CEO Marc Benioff in 2014. Source: Microsoft There were a lot of tech trends in the 2010s, from mobile computing and web-delivered content to the technology-powered gig economy. But no story was more powerful and pervasive than the emergence of the cloud. Dropbox and Slack became household names during … Read more…

Wynn Resorts, Starbucks, Autodesk, GE, Delta

Wynn Resorts, Starbucks, Autodesk, GE, Delta

Check out the companies making headlines in midday trading: Wynn Resorts, Las Vegas Sands — Shares of the casino operators jumped after Reuters reported that China will endow Macau with a slew of policies aimed at diversifying the gaming hub’s economy. Wynn Resorts gained 5.8% while Las Vegas Sands traded 3.5% higher. Starbucks – Shares … Read more…

AMD could be at risk of a major pullback, traders warn

AMD could be at risk of a major pullback, traders warn

Stocks kicked off December on a sour note, pulling some of November’s best performers lower. Last month’s hot stocks, including Autodesk, Adobe, Target, Disney and Capri, were all under pressure at the start of the new month. One top-performing chipmaker could be among those susceptible to further weakness in the near term, according to Katie Stockton, … Read more…