Airbnb’s Negative Outlook for 2023 Sends Shares Lower: Do Investors Need to Consider Selling?
While Airbnb (ABNB) reported an impressive 1st quarter earnings report after the market closed Tuesday. Revenue and EPS both beat analyst estimates. But, a negative outlook for the current quarter and the remainder of 2023 had the market in a frenzy - sending shares more than 13% lower in Wednesday’s trading session yesterday. This was the largest single-day drop [...]
Is Fiserv, Inc. Ready to Bust Out of a 2 ½ year trading range?
Fiserv, Inc. (FISV: Nasdaq), a financial services company headquartered in Brookfield, Wisconsin, has been steadily approaching the upper range of its trading levels, a range that was initially reached on March 4, 2020, when the stock hit $123.89. This approximate level has been revisited twice more since then, first on April 26, 2021, at $121.66, and most recently on [...]
Why is PayPal Down 10% After 1st Quarter Earnings Beat – and Should Investors be Worried?
PayPal (PYPL) delivered first-quarter earnings on Monday after the market closed. The market responded Tuesday by sending shares off a cliff, as the company has lost more than 10% since. This reaction has many perplexed as the earnings report was mostly positive. PayPal saw a 10% growth in total payment volume year over year with a figure of $354.5 [...]
Snowflake Gains 13% in the Past Week After Upgrade, But We Still See 1 Thing Holding it Back
As more and more companies dive into the world of AI and attempt to capitalize on the hype, Snowflake (SNOW) is the latest to receive a bump. The stock is up more than 13% in the past week, and is still climbing today - up nearly 2% in Tuesday’s trading session. On Monday, Brad Reback of Stifel upgraded the [...]
Zscaler Jumps 22% After Raising Guidance – Should You Buy the Stock Ahead of 3rd Quarter Earnings?
One of today’s biggest movers in Monday morning’s trading session is cybersecurity company Zscaler (ZS). The stock has climbed more than 22% after raising guidance and resetting expectations for the fiscal third-quarter earnings report. This came as a result of a dramatic increase in revenue expectations. Previously, Zscaler was looking to produce revenue somewhere between $396 million and $398 [...]
Should Investors Be Worried About Icahn Enterprises After the Hindenburg Report? 3 Things You Need to See…
Icahn Enterprises (IEP) has had an interesting week, as the stock is currently up 20% in today’s trading session Friday. But, the stock tanked more than 45% earlier in the week. This came after the company was the latest victim to be targeted by Hindenburg - a short seller with a history of releasing reports that attempt to devalue [...]
