Palantir Technologies (PLTR) is making waves this week as its shares jumped 13.7% in after-hours trading on Monday, thanks to a standout third-quarter earnings report that exceeded expectations across the board. The company reported a revenue increase of 30%, hitting $726 million—far surpassing Wall Street’s forecast of $704 million. Not to mention, net income [...]
Monday: Wall Street began the week with optimism as investors looked forward to major tech earnings releases. The Dow rose by 0.7%, while both the S&P 500 and Nasdaq increased by 0.3%, reflecting positive sentiment in the markets. Tuesday: A lower-than-expected JOLTS report weighed on market sentiment, resulting in mixed outcomes. The Dow fell [...]
Shares of Super Micro Computer (SMCI) have taken a steep fall, dropping over 40% after news broke that Ernst & Young (EY), the company’s auditor, has resigned. This comes on the heels of a DOJ probe, raising serious questions for investors. SMCI’s tumble this past week has added to its already shaky year. While [...]
Written by: Angela Akers Temperatures have been heating up over the last week as we move toward home base in the 2024 Presidential Election which culminates this coming Tuesday, November 5th. Former President Donald Trump is running on the Republican ticket and Vice President Kamala Harris is running on the Democratic ticket, and they [...]
Amazon (AMZN) stock surged in after-hours trading on Thursday following a strong third-quarter earnings report that topped Wall Street’s expectations. The company’s results were driven by solid growth in its cloud and advertising businesses, which continue to be significant contributors to Amazon’s revenue growth. Quarter Highlights Amazon reported third-quarter revenue of $158.9 billion, marking [...]
The Facebook parent company, Meta Platforms (META), is losing ground Thursday morning on the heels of a third-quarter earnings update Wednesday after hours. While the stock is down 3% so far today, the Q3 performance was actually fairly solid. Revenue of $40.6 billion was slightly ahead of the analyst consensus for $40.2 billion. Earnings [...]
Advanced Micro Devices (AMD) is down more than 9% Wednesday morning after the company’s third-quarter earnings results were released yesterday afternoon. The semiconductor manufacturer showed strong performance in its data center segment specifically, which saw a massive 122% growth from this time last year. It helped push total revenue 18% higher year-over-year to $6.82 [...]
PayPal Holdings (PYPL) reported third-quarter earnings results that mirrored what we’ve seen so far this year - continued growth in profitability. The company delivered on one of its key metrics for the quarter, yet the stock is down nearly 4% Tuesday morning. Revenue for the third quarter came in at $7.85 billion, which was [...]
Shares of Mcdonald’s Corp. (MCD) have started the road to recovery Monday morning after losing roughly 7% over the past few days. The stock is up more than 1% today as many saw the dip as a buying opportunity. The fast food chain is under fire amidst concerns that its popular Quarter Pounder burgers [...]
Monday: Wall Street began the week mixed as rising bond yields overshadowed the anticipation for upcoming earnings. The Dow fell 0.8%, the S&P 500 slipped 0.2%, while the Nasdaq managed a modest gain of 0.3%. Tuesday: Weak corporate earnings and rising treasury yields kept the market mixed. The Dow dipped by 0.02%, the S&P [...]
