Chipotle Mexican Grill (CMG) climbed 6% higher Wednesday morning after announcing that its board of directors had approved a 50 to 1 stock split. This will make the stock more accessible to employees along with other retail investors, as it currently trades at around $2,973/share. If the company gains shareholder approval for the move [...]
Chinese EV manufacturer XPeng Inc. (XPEV) posted impressive Q4 earnings that beat the top and bottom line, initially sending shares higher Tuesday morning. They’ve since cooled off and settled around even on the day. The company grew revenue by a whopping 154% to RMB13.05 billion ($1.84 billion). This easily outpaced the FactSet consensus of [...]
Enphase Energy (ENPH) has fallen more than 14% in the past week as concern surrounding high interest rates continues to mount. This has prompted sharp sell-offs, which include insider selling. Interest rates are at a 23-year high today, and the Fed won’t take action anytime soon as consumer and wholesale inflation are both concerns [...]
Shares of Adobe (ADBE) are down more than 14% Friday morning after the company delivered its first-quarter earnings for fiscal 2024. The company delivered on earnings, but its outlook for the quarters to come left much to be desired and spurred negative investor sentiment. Adobe’s results included an 11% growth in revenue to $5.18 [...]
The week started off weak, turning green, and then shifted to mixed due to disappointing data, biotech success, uncertainty in tech, and tension in the US steel market. Monday showed mixed market results, Tuesday was in the green, investors proved unbothered on Wednesday after unfavorable CPI data, and the rest of the week looks [...]
Southwest Airlines (LUV) is down more than 19% in the past week as it is feeling the effects of Boeing’s ongoing safety concerns after a panel blew out of a 737 MAX 9 jet earlier this year. The airliner says that it will have to rethink its capacity for 2024 amidst the turmoil as [...]
Adidas (ADDYY) has been struggling to regain its footing since falling out with rap and fashion icon Kanye West back in 2022. This finally caught up to the German sportswear giant as it took on its first loss since 1992 amidst high-inventory levels weighing down sales. The company reported a net loss of 58 [...]
Shares of Oracle Corp. (ORCL) are up more than 11% this Tuesday morning after the company delivered solid Q3 earnings, outpacing analysts on the bottom line despite coming up a bit short on the top line. The company grew revenue 7% to 13.28 billion, but this fell just shy of the $13.3 billion analysts [...]
Market Recap: Navigating Uncertainty Stocks began the week on a cautious note as investors grappled with uncertainty ahead of Fed Chair Powell’s testimony to Congress. The Dow declined by 0.3%, the S&P500 ended 0.1% in the red, and the Nasdaq fell 0.4%. Interest Rate Worries Return: On Tuesday, interest rate worries resurfaced, leading to [...]
Shares of Boeing Co. (BA) are down more than 3% to start the week after news of the US Justice Department’s criminal investigation broke. The airliner is being probed for its role in a recent near-disaster aboard a January 5 flight in which a door plug blew out, leaving a hole in the 737 [...]
