It’s been a rollercoaster ride so far this year for Tesla (TSLA) investors, as the stock has seen thrilling highs and concerning lows. The stock fell roughly 40% in a single month over the summer, but has since begun its road to recovery. It’s up 17% in the past month, and looks to be [...]
Just a few days back during her presidential campaign stop in Pittsburgh, Pennsylvania, Vice President Kamala Harris made it clear where she stands on Nippon’s acquisition of US Steel (X). Nippon Steel agreed to purchase US Steel back in December of 2023 for a price of $14.9 billion. But, Joe Biden - president at [...]
Shares of Ulta Beauty Inc. (ULTA) fell as much as 10% last week after a downtrodden earnings update for the second quarter. This puts it down nearly 13% through 2024 thus far. However, the stock is now only down 3% in the past week after recovering since Thursday. Shares are up more than 2% [...]
Lululemon Athletica, inc. (LULU) may not have had the second-quarter performance it was hoping for, but the market hasn’t responded with panic yet, and LULU investors shouldn’t either. The company acknowledged where it’s falling short and has a plan to turn things around. Revenue climbed to $2.37 billion, a 7% improvement from this time [...]
Salesforce (CRM) reported second-quarter earnings and revenue that came in ahead of analyst expectations thanks to a surge in bookings and early renewals for key clients. Here’s how the company performed compared to the consensus: Earnings: $2.56/share compared to the estimate of $2.35/share. Revenue: $9.3 billion compared to the estimate of $9.2 billion. Revenue [...]
Ambarella (AMBA) started Wednesday morning where it left off yesterday, climbing higher on the heels of an earnings beat in the fiscal second quarter. The stock is up 11% so far today and 21% in the past week. This comes after the company delivered a narrower loss than experts were expecting with EPS of [...]
It’s no secret that Nvidia Corporation (NVDA) has been the center of attention since the AI boom began a few years ago. It’s surged nearly 3,000% in the past 5 years and until recently, showed no signs of slowing down. Even after a few slight hiccups throughout the summer thus far, it’s always responded [...]
Intel Corporation (INTC) has been losing its footing over the past month after the company announced a revision to its second-quarter earnings and revenue outlook. The stock has fallen more than 27% since the start of August, adding to a more concerning long-term trend. INTC has lost nearly 60% of its value through 2024 [...]
After multiple quarters of stagnant or backward revenue growth, Peloton Interactive Inc. (PTON) finally saw sales climb higher year over year - no matter how marginally. Revenue for the fiscal fourth quarter came in at $644 million, a modest 0.2% bump YoY and well ahead of the $628 million analysts were looking for. This [...]
Shares of Zoom (ZM) are up 12% so far Thursday morning after the company released its fiscal second-quarter earnings, which came in well above the analyst consensus. The company also shared a very optimistic outlook for the remainder of the year. Here’s how the quarterly results shook out: Adjusted earnings per share: $1.34 compared [...]
