Shopify Stock is Up After Selling Logistics Business to Narrow Focus: 2 Things For Investors to Weigh
Shopify (SHOP) investors were delighted to witness a 27%+ jump in stock price this morning. But, those who have been invested in the company for a while are even more excited about the long-term outlook for the company, as the news that got us here today is that Shopify announced the sale of its logistics business. This segment is [...]
Unity Lays Off 8% of Workers Amidst Restructuring Efforts, But is it Enough to Save This Stock?
This morning, Unity (U) released a statement announcing its plans to slash the workforce by about 8% - doing away with 600 jobs. This is part of a larger restructuring effort, as the video game software developer is working hard to achieve long-term, profitable growth. The company is rethinking the structure of specific teams within the company. And, this [...]
Chegg Stock Gets Crushed by ChatGPT, Causing Shares to Fall 48% – Is it Time to Sell?
Students around the world have been playing on easy mode for the past 6-12 months as ChatGPT has become their go-to source for homework, and specifically, essays. And, the company that used to be the students’ trusted companion - Chegg (CHGG) is getting crushed as a result. The online education company had its earnings call Monday night - and [...]
Will Protalix BioTherapeutics Keep Powering Higher After its 178% Run Up Since November 2022?
Protalix BioTherapeutics, Inc. (PLX: NYSE AMEX and Tel Aviv Stock Exchange) is headquartered in Carmiel, Israel with an office in Hackensack, NJ, with a total of 197 employees. Protalix Ltd. was incorporated in 1993. It became a U.S public company on December 31, 2006. PLX is a biopharmaceutical company that develops, produces and commercializes recombinant therapeutic proteins produced by [...]
As Disney is Hit by Layoffs & Lawsuits, Does the Stock Still Belong in Your Portfolio?
The Walt Disney Company (DIS) is coming off a tough week of letting thousands of workers go, and it appears that a new battle awaits them this week. Monday morning, the Central Florida Tourism Oversight Board unanimously voted that they would sue the entertainment company. This is just the latest in an ongoing political battle between the company and [...]
Microsoft Earnings Beat Sends Shares 10% Higher, With More to Come…is it Too Late to Buy?
Microsoft (MSFT) issued its fiscal Q3 earnings earlier this week, and as of Friday, the ripples haven’t yet subsided. The company impressed with both a revenue and EPS beat, and has climbed nearly 10% since Tuesday evening when the report went out. Earnings came in at $2.45 per share compared to the estimate of $2.23 per share. Meanwhile, revenue [...]
