ArcBest Exceeded $5 billion Annual Revenue and Highest EPS Ever
In its February 3 earnings release, ArcBest announced its full-year 2022 revenue totaled a record $5.3 billion compared to $4.0 billion in 2021. That caused the stock to have a wild ride where it traded between an intra-day low of $78.37 to a high of $89.69, before closing that day at $86.70. Over the next few days, it hit [...]
Lyft Falls 40% After Abysmal Earnings Report: Should You Cut Losses?
Friday’s trading session saw Lyft stock fall off a cliff after the ride-share company released its fiscal fourth-quarter earnings report for 2022. Shares dropped nearly 40% not necessarily because the company underperformed in the 4th quarter - but because they expect issues to persist into 2023. Lyft reported earnings per share of $0.29, which was more than double [...]
GM & GlobalFoundries Strike Deal to Overcome Chip Shortages: What Investors Need to Know
Automakers have struggled for a few years now to meet demand as semiconductor chip shortages have ravaged the industry. This has been a result of the COVID-19 pandemic shutting down factories and putting production on pause. But for General Motors, this issue looks to be one of the past. Yesterday, the automaker announced the signing of a long-term agreement [...]
Lucid Shares are Up 86% this year on Acquisition Rumors: Should You Buy the Hype?
It’s early - but one stock that’s performing exceptionally well in 2023 so far is Lucid Group. The electric vehicle manufacturer is matching rival Tesla, which is doing very well in its own regard - also up 86% year-to-date - and shows no signs of slowing down. The reason for this rally is speculation that Lucid could be [...]
Google Falls 8% After Introducing AI: What’s the Issue, and What do Investors Need to Know?
In the latest AI news, Google has introduced its take on ChatGPT, known as Bard. The parent company, Alphabet, experienced an 8% drop in the stock price as a result of this news - but why? Shouldn’t an exciting new feature like this cause a lift in share prices if anything? The issue is, AI has its problems still. [...]
T-Mobile is Sliding After Mixed Earnings and Downgrade: Is it Time to Sell?
Yesterday, T-Mobile stock (TMUS) closed at nearly a 5% loss, marking the third consecutive day of losses. This all came after T-Mobile delivered a mixed earnings report last week where some segments performed well and others suffered. While earnings exceeded expectations from Wall Street, sales figures were a dramatic underperformance. Moreover, the company expects 2023 to be a step [...]
