Unpacking Market Trends: A Week in Review with CPE Data
Market Recap: Evaluating CPE Data and Economic Trends As the week began, investors turned their attention to upcoming key economic data, leading to a sluggish start for the Major Indices. The Dow stumbled by 0.2%, while the S&P500 experienced a 0.4% decline, and the Nasdaq slipped 0.1%. Tuesday's session saw mixed results as concerns about a potential government shutdown [...]
SoundHound Takes a Breather After 292% Growth: What Do the Latest Earnings Mean for Investors?
SoundHound AI (SOUN) was up more than 292% leading into its Q4 earnings day Thursday. Anticipation was high, as is the case for any AI company these days. The conversational AI company did not deliver, though. Shares have taken a step back in Friday’s trading session. SOUN fell as much as 24% but has recovered to a loss of [...]
Best Buy Gets a Boost on Earnings, But is it Time to Buy This Stock? 3 Things for Investors to Consider
Best Buy (BBY) delivered impressive holiday quarter earnings that beat analyst expectations, giving the stock a 5% boost so far Thursday. It’s on track for its best performance since November 2022. The company’s dwindling sales have been a burden for some time, but it appears as if things are finally trending back in the right direction. While analysts were [...]
PCE Data: Understand This Key Inflation Metric
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 released, but let’s explore the [...]
Ebay is Up 8% on Impressive Earnings and Guidance – 3 Reasons to Buy EBAY Today
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 of $728 million compared to [...]
Macy’s Beats Earnings, Teases Plans to Rejuvenate the Brand: Is it Time to Buy M at a Discount?
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 million this time last year. [...]
