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 [...]
Market Recap: Navigating a Week of Market Surprises and Momentum Last week unfolded as a series of twists and turns in the stock market, shaped by a dynamic interplay of economic data and investor sentiments. The week kicked off with a broad sell-off on Tuesday, especially in the tech sector, driven by concerns over [...]
Yesterday after the bell Intel (INTC) shared an update on its Q1 earnings expectations that sparked concern among investors, and a sell-off ensued. The stock is down more than 10% in Friday’s trading session as a result. Intel is forecasting revenue between $12.2 billion and $13.2 billion, below the FactSet consensus of $14.3 billion. [...]
Humana Inc. (HUM) is down more than 14% in Thursday’s trading session, as the losses keep piling up for investors over the past few weeks. The managed care company cut its guidance for 2024 while we’re not even out of January yet. Sky-high medical costs are taking a toll on the company, which has [...]
Treasury yields were supported by another positive US bill auction with the Jan 23rd results. After a tumultuous year, the bond market consistently shows strength with the results of the 52-week bill auction and the 2-year note auction. Although it’s not hitting every news headline, bond auctions are a low-risk investment, so no news [...]
Shares of Netflix (NFLX) are up more than after the streaming company delivered solid 4th quarter earnings, optimistic guidance for the year ahead, and perhaps most importantly, a highly anticipated deal with TKO - the parent company of WWE. As cable television continues to fizzle out, streaming services are bringing live sports programming into [...]
One of the most legitimate concerns surrounding AI technology is now being addressed by a collaboration between IBM and Casper Labs. The technology giant and blockchain service provider are teaming up to bring AI and Web3 technologies together to mitigate IP and safety issues. As more and more businesses take existing LLM’s (large language [...]
Two investment firms teamed up to submit a proposal to purchase Macy’s (M) back in December. After mulling over the offer for a few weeks, the retailer announced today that it would not be accepting the $5.8 billion bid brought forth. Arkhouse Management and partner Brigade Capital Management were eager to take the department [...]
Market Recap: A Rollercoaster Week Unveiled Last week saw the stock market navigating through twists and turns, driven by a mix of economic data and investor sentiments. From a tech-driven sell-off to concerns about rising bond yields, each day brought new challenges. Tuesday witnessed a broad sell-off, particularly in the tech sector, with rising [...]
