Weekly Market Recap: Earnings Expectations and Tech Sentiment Drive Volatility
Monday: Wall Street began the week with optimism as investors looked forward to major tech earnings releases. The Dow rose by 0.7%, while both the S&P 500 and Nasdaq increased by 0.3%, reflecting positive sentiment in the markets. Tuesday: A lower-than-expected JOLTS report weighed on market sentiment, resulting in mixed outcomes. The Dow fell 0.4%, the S&P 500 managed [...]
Super Micro Computer (SMCI) Sinks 40% Amid Auditor Resignation and DOJ Probe: Is It Time to SELL?
Shares of Super Micro Computer (SMCI) have taken a steep fall, dropping over 40% after news broke that Ernst & Young (EY), the company’s auditor, has resigned. This comes on the heels of a DOJ probe, raising serious questions for investors. SMCI’s tumble this past week has added to its already shaky year. While the AI server maker has [...]
Best Stocks To Buy Post Presidential Election
Written by: Angela Akers Temperatures have been heating up over the last week as we move toward home base in the 2024 Presidential Election which culminates this coming Tuesday, November 5th. Former President Donald Trump is running on the Republican ticket and Vice President Kamala Harris is running on the Democratic ticket, and they could not be more different [...]
Amazon (AMZN) Jumps After Strong Q3 Results: What’s Next for the Tech Giant?
Amazon (AMZN) stock surged in after-hours trading on Thursday following a strong third-quarter earnings report that topped Wall Street’s expectations. The company’s results were driven by solid growth in its cloud and advertising businesses, which continue to be significant contributors to Amazon’s revenue growth. Quarter Highlights Amazon reported third-quarter revenue of $158.9 billion, marking an 11% year-over-year increase and [...]
Meta is Tumbling Despite Earnings Beat on Spending Concerns: 3 Reasons META is a BUY
The Facebook parent company, Meta Platforms (META), is losing ground Thursday morning on the heels of a third-quarter earnings update Wednesday after hours. While the stock is down 3% so far today, the Q3 performance was actually fairly solid. Revenue of $40.6 billion was slightly ahead of the analyst consensus for $40.2 billion. Earnings of $6.03 easily surpassed the [...]
Despite the Q3 Earnings Dip, It’s Not Time to Sell AMD Yet: 3 Reasons for Investors to Stay Patient
Advanced Micro Devices (AMD) is down more than 9% Wednesday morning after the company’s third-quarter earnings results were released yesterday afternoon. The semiconductor manufacturer showed strong performance in its data center segment specifically, which saw a massive 122% growth from this time last year. It helped push total revenue 18% higher year-over-year to $6.82 billion. Earnings per share came [...]
