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 [...]
After delivering a lackluster outlook for the fiscal first quarter of 2024, Marvell Technology (MRVL) is down 7% in Friday morning trading. The company has surged over the past year thanks in large part to the AI craze, but the rest of the business is struggling. For the fiscal fourth quarter, overall revenue came [...]
Victoria’s Secret (VSCO) is down more than 30% so far Thursday after issuing a sales guidance that fell short of analyst expectations. The company is now forecasting net sales in 2024 of $6 billion. Meanwhile, the expectation on Wall Street was at least $6.19 billion. This cautious forecast is being attributed to a drop [...]
Day-to-day market observations can be exhausting when the markets were red on March 5th, then extend significant gains in the early session on March 6th. The losses experienced yesterday can be attributed to Apple and Tesla’s disappointing news alongside mixed data from the US. Although the US market has seen extended gains in the [...]
Shares of Crowdstrike (CRWD) are up more than 15% Wednesday morning after the company delivered Q4 earnings that topped analyst expectations on both the bottom and top lines. The company also announced news of an acquisition alongside its guidance for the year ahead. The cybersecurity company brought in revenue of $845 million, a 33% [...]
Advanced Micro Devices Inc. (AMD) has been informed by US officials that the AI chip they’ve been developing for China will need additional licensing before it can be exported. Shares are down a bit today on this news, but as we’ll explore in just a moment, AMD is still worth buying. The chip in [...]
The trend toward electric vehicles has paved the way for new companies like Tesla while existing automakers such as Ford, Mercedes, Honda, BMW, and others have all pivoted their manufacturing processes as well to focus on EVs. However, not enough emphasis is placed on the smaller EV makers like Li Auto (LI) - a [...]
Market Recap: Evaluating CPE Data and Economic Trends As the week began, investors turned their attention to upcoming key economic data, leading to a sluggish start for the Major Indices. The Dow stumbled by 0.2%, while the S&P500 experienced a 0.4% decline, and the Nasdaq slipped 0.1%. Tuesday's session saw mixed results as concerns [...]
SoundHound AI (SOUN) was up more than 292% leading into its Q4 earnings day Thursday. Anticipation was high, as is the case for any AI company these days. The conversational AI company did not deliver, though. Shares have taken a step back in Friday’s trading session. SOUN fell as much as 24% but has [...]
Best Buy (BBY) delivered impressive holiday quarter earnings that beat analyst expectations, giving the stock a 5% boost so far Thursday. It’s on track for its best performance since November 2022. The company’s dwindling sales have been a burden for some time, but it appears as if things are finally trending back in the [...]
