While others enjoyed the usual lull of returning to normalcy after the holidays, many were stranded in airports around the country due to mass cancellations by Southwest Airlines (LUV). Historically, Southwest has been an industry leader in aviation - but today, the stock has taken a nosedive, dropping almost 6% Tuesday morning. These [...]
Written by: Angela Akers The Federal Reserve had its final meeting of 2022 last week and raised interest rates by 50 basis points, from 4.25% to 4.50%. Fed Chair Jerome Powell set expectations that the Fed funds rate will increase to between 5.00% and 5.25% by early next year and remain at that level [...]
Early this morning AMC stock plummeted 25% in pre-market trading before settling around a 12% loss by 11:30 AM EST. This came after a press release from the entertainment company announcing a $110 million equity capital raise along with a proposed reverse stock split. There are quite a few moving pieces to the [...]
When we last talked about Nike back in September, the company was experiencing problems with inventory bloat. With $9.6 billion worth of inventory crowding shelves, analysts and investors alike had concerns - and this sentiment manifested itself in a lower price per share of $84. Today, however, Nike appears to have turned a corner. [...]
Recently, SoFi CEO Anthony Noto purchased 1.1 million company shares for a total purchase price of $5 million. Seeing as the stock sits at its lowest point since going public, investors are wondering if he knows something we don’t - or if this is merely a desperate attempt to turn things around. One thing [...]
Monday morning saw the negative price trend for SNAP stock continue to strengthen, as shares fell an additional 3.5% by 11 AM EST. This came after Jeffries analyst James Heany joined Yahoo Finance to discuss the future for Snapchat - where he issued a grave warning to investors. We are nowhere near the bottom. [...]
Adobe Systems (ADBE) was moving early during Friday morning’s pre-market trading, and that manifested itself in an almost 6% gain when trading opened. This was the result of the company coming ahead of Wall Street expectations during the 4th quarter. The company reported adjusted earnings per share of $3.60, which beat the $3.50 [...]
Tesla continues to be put on the back burner as Elon Musk dedicates his attention - and now, his resources - to Twitter. Since purchasing the social media platform for roughly $44 billion, Tesla has slowly but surely started to fall. And investors are finally starting to ask - is now the time to [...]
Delta Air Lines has doubled down on the momentum that’s been growing for them over the past few months. Early Wednesday morning they put out a press release stating that their “recession is over”. The post-pandemic travel boom is just beginning. Executives state that it’s unlikely the company will ever see the same level [...]
Boeing and United Airlines were both in the headlines this Tuesday morning after striking a deal for the sale of 100 Boeing 787 Dreamliners. The deal also carries the option to purchase 100 more 787 Dreamliners at a later date. While delivery for these 100 aircraft won’t take place until sometime between 2024 and [...]
