A data-driven week means it’s time for a refresher on what could be the biggest market mover for February, also known as PCE data. The PCE (Personal Consumer Expenditures) is the Fed’s preferred inflation measurement because it gives a peak into consumers' saving and spending habits. Wednesday, February 28th, the preliminary Core PCE was [...]
Ebay Inc. (EBAY) is up more than 8% so far Wednesday morning after delivering impressive Q4 earnings alongside optimistic guidance for the current quarter. The online marketplace grew revenue to $2.56 billion from $2.51 billion this time last year, narrowly outperforming the FactSet consensus of $2.51 billion. This was coupled with a net income [...]
Macy’s (M) is up nearly 5% so far Tuesday morning after the retailer announced its Q4 earnings results along with its plans to rejuvenate the brand through a series of store closures, asset sales, and more. For the quarter ended on February 3rd, the company narrowed its loss to just $71 million from $508 [...]
Shareholders of Intuitive Machines (LUNR) were met with negative news to start the week, as the stock started Monday morning down more than 35%. This came after the company disclosed that its Odysseus moon lander was resting on its side on the face of the moon after tipping over. This is just one of [...]
Market Recap: Wall Street's Rollercoaster Ride As the trading week unfolded, Wall Street encountered a series of ups and downs, reflecting the market's reaction to various economic indicators and earnings reports. In the initial session, investors grappled with anticipation surrounding the impending release of the Consumer Price Index (CPI). The Dow saw a slight [...]
Carvana (CVNA) jumped 38% Friday morning after the online car retailer delivered a pleasant surprise in its Q4 earnings. While the company is still losing money, it’s slowly but surely becoming more profitable - and there’s reason to be optimistic about the road ahead. The company reported revenue of $2.4 billion, falling just shy [...]
After losing its footing to start the week, Nvidia (NVDA) picked right back up where it left off after hours yesterday, soaring on news of another quarter of growth. The AI chip designer grew its top and bottom line, sending shares nearly 15% higher in the past 24 hours. The company delivered 265% revenue [...]
If you’re wondering what’s contributing to the volatility in the market, it’s more than just inflation data, geopolitical events, or tech domination; a macro impacter for the market is earnings season! With Home Depot reporting lower-than-expected numbers and investors waiting for Nvidia’s report pessimistically, earnings season is hitting the markets with a baseball bat. [...]
After starting the year strong, Palo Alto Networks (PANW) took a 25% dip yesterday after the market closed. The stock faced a sell-off after investors were warned that the company was rethinking its 2024 revenue forecast. The company is seeing its customers tighten budgets for IT security spending, which put a wrench in its [...]
Walmart (WMT) shared the results from its fourth quarter alongside the announcement that it would be purchasing TV manufacturer Vizio while simultaneously boosting the quarterly dividend. All this news sent shares 4% higher Tuesday morning, adding to what has been a strong trend over the past few weeks. The worldwide retailer is benefiting from [...]
