Ford Motor (F) gained 6% Wednesday before settling around 3% after delivering Q4 earnings that surpassed expectations. The company also announced it would be issuing a special dividend. The automaker grew revenue in Q4 by 4% to $46 billion, outpacing analyst expectations - but the earnings beat stole the show. Ford reported 29 cents [...]
Shares of Spotify Technology (SPOT) are up more than 6% so far in Tuesday’s trading session on the heels of delivering Q4 guidance. Despite falling short in earnings for the final quarter of 2023, the upbeat guidance for growth in active users stole the spotlight. After finally posting a profit in Q3, Spotify took [...]
Market Recap: A Week of Surprises and Momentum Anticipation around upcoming big tech earnings and jobs data fueled a positive start on Wall Street. The Dow rose by 0.6%, the S&P500 added 0.8%, and the Nasdaq surged 1.1%. The Federal Reserve initiated a two-day meeting, and post-close tech earnings led to a wait-and-see attitude, [...]
Caterpillar Inc. (CAT) shared its results from the fourth quarter on Monday and shares made their way into the green after an impressive quarter of growth. In fact, the company set a new record for sales after nearly a century in business. Revenue of $17.07 set a new bar for Caterpillar, representing a 2.8% [...]
Meta (META) is starting 2024 with a statement, announcing its first-ever dividend after an impressive Q4 driven by a surge in advertising sales. The stock is up more than 20% in Friday morning’s trading session. The company grew revenue to $40.11 billion, a 25% increase year over year. Net income for the quarter jumped [...]
Peloton (PTON) is continuing its fall from grace with another day of plummeting share prices, down more than 23% in Thursday’s trading session. This comes after the fitness company delivered lackluster Q2 earnings alongside a weak outlook for the road ahead. In what was supposed to be Peloton’s strongest quarter amidst the holiday season, [...]
In 2023, major strikes and protests against companies were prevalent, followed by significant layoffs at the start of 2024. Significant staff reductions can currently be seen across various industries in the US, including technology, finance, and retail, with giant companies such as Google, Meta, Goldman Sachs, and Dow announcing layoffs in 2023. All the [...]
Alphabet Inc. (GOOG) shared Q4 results after the market closed Tuesday, and despite an impressive rebound, shares slid more than 5% Wednesday morning. The parent company of Google managed to grow sales by 13% year over year to $86.3 billion, narrowly outperforming the FactSet consensus of $85.3 billion. The search engine provider also beat [...]
General Motors (GM) delivered Q4 earnings this Tuesday morning. The beat sent shares 7% higher, adding to what has been a torrent pace over the past few months as GM has now gained 37% in that timeframe. The US automaker is finally starting to find its footing after the UAW strike took its toll [...]
SoFi Technologies (SOFI) started the week strong, headed towards its best performance on the stock market since the fall of 2022. It reached as high as 23% before correcting at around 17%. This is a result of the financial technology company delivering bombastic earnings for the fourth quarter of 2023, in which it posted [...]
