Wall Street darling Nvidia (NVDA) is set to declare its earnings results for the first quarter tomorrow on Tuesday, May 22nd. The stock is up more than 2% so far today and nearly 5% in the past week as shareholders are anxiously anticipating an earnings beat. According to one analyst, the writing is already [...]
Monday: Mixed Start Wall Street began last week with mixed results as investors exercised caution ahead of key inflation data. The Dow dropped by 0.2%, the S&P 500 dipped slightly by 0.02%, and the Nasdaq managed a 0.3% gain. Tuesday: Optimism on CPI Data Anticipation of the Consumer Price Index (CPI) release boosted the [...]
Walmart Inc. (WMT) is up more than 6% through this past week after delivering an impressive Q1 earnings performance coupled with an upbeat outlook for the full year. America’s quintessential discount retailer grew revenue by 6% to $161.51 billion, surpassing the FactSet consensus of $159.57 billion. The company saw a 21% uptick in e-commerce [...]
The April inflation report provided a mixed bag of signals for the economy, leaving many investors wondering how these developments might influence their portfolios. With inflation cooling slightly to 3.4% annually but remaining above the Federal Reserve's 2% target, the implications for the stock market are complex. Let's delve into how these inflation trends [...]
Cisco Systems Inc. (CSCO) gave an update for the fiscal third quarter along with the current quarter yesterday after the market closed. Shares had rallied as much as 9%, but the stock has actually begun to dip back in the red Thursday morning, down nearly 2% so far today. Much of this is the [...]
Shares of Boeing (BA) moved more than 2% lower Wednesday amidst concerns that the company could be in more legal trouble. This time, the Department of Justice (DOJ) has said that the company could face prosecution for breaching a contract that was put in place to avoid legal trouble associated with the fatal 2018 [...]
GameStop (GME) is up more than 64% today, picking up where it left off yesterday for a total gain of more than 200% to start the week. All this comes as a result of the members of the subreddit WallStreetBets deciding to send shares surging once more. The stock reached more than 1,200 mentions [...]
Shares of Arm Holdings (ARM) are up just over 6% to start the week on news that the company intends to capitalize on the AI craze and begin producing its own chips as soon as 2025. Arm is a chip designer based in Britain that licenses its designs to other companies rather than manufacturing [...]
Last week kicked off with optimism on Wall Street, driven by dovish remarks from the Fed, resulting in gains across the board. The Dow climbed 0.5%, the S&P500 rose 1.0%, and the Nasdaq surged 1.2%. However, sentiments shifted on Tuesday as Minneapolis Fed chief Neel Kashkari hinted at steady rates, leading to a mixed [...]
Dropbox (DBX) delivered a solid first-quarter performance with results surpassing the consensus on the top and bottom lines. However, one analyst who boasts a 100% success rate trading DBX actually lowered his price target on the stock - and we found 2 reasons ourselves to hold off on this opportunity for the time being. [...]
