Meta Finally Turns Around Earnings Slump, But is it Enough to Justify Buying the Stock?
After 3 consecutive quarters of declining revenue, the Facebook parent company Meta (META) finally turned things around. Wednesday, the company reported a 3% growth in sales that dramatically outperformed analyst expectations. On top of revenue growth, the company saw user growth that outperformed recent quarters. And looking ahead to the next quarter, Zuckerberg is expecting another quarter of revenue [...]
Google Beats Estimates and Will Buyback $70b in Stock: is it Enough to Earn GOOGL a Buy, Though?
Tuesday was an exciting day for Alphabet investors - the parent company of Google (GOOGL, GOOG). The company reported first-quarter earnings for the year that beat analyst estimates handily. And, along with this overperformance was the announcement of a $70b stock buyback program. The company exceeded the revenue consensus of $68.96 billion that had been laid out, reporting a [...]
Can JAKKS Pacific, Inc. Exceed Its September 2022 All-Time Highs?
The stock market can be a fickle beast, as evidenced by the recent tumultuous ride of JAKKS Pacific, Inc. (JAKK: Nasdaq). After reaching a record high of $27.87 on September 12, 2022, the stock plummeted to $16.79 on October 28, causing consternation among investors. In the ensuing months, the stock price experienced a series of ups and downs, eventually [...]
Fox News Stock Drops Dramatically After Tucker Carlson Exit – But is it as Bad as it Seems?
Fox News (FOX) shook the news world up Monday morning announcing long-standing host Tucker Carlson’s departure from the network. As a result, FOX shares dropped nearly 5% in yesterday’s trading sessions, resulting in a $962 million loss in market value. The company’s press release claims this was a mutual parting, but it’s generally believed that there is more to [...]
Super Micro Drops 6% on Warnings of Missing Forecast: 3 Reasons We Still Like This Stock
Early Monday morning, Super Micro (SMCI) issued a warning that the company is going to fall short of its fiscal third-quarter revenue forecast. As a result, the company dropped as much as 12% in pre-market trading and now sits 6% lower than it opened at. While Super Micro originally issued a March-quarter revenue guidance with a midpoint of $1.47 [...]
AT&T’s Weak Q1 Leads to 10% Drop: Is This an Overreaction or a Sign of What’s to Come?
Yesterday, AT&T (T) posted 1st quarter earnings that left much to be desired. While subscriber growth was up, revenue was down - and the market reacted by sending shares down more than 10% in Thursday’s trading session. A key indicator of the telecommunication company’s well-being is postpaid phone plans - a figure representing the number of individuals & businesses [...]
