Advanced Micro Devices Inc. (AMD) has been informed by US officials that the AI chip they’ve been developing for China will need additional licensing before it can be exported. Shares are down a bit today on this news, but as we’ll explore in just a moment, AMD is still worth buying. The chip in [...]
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 [...]
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 [...]
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 [...]
After losing its footing to start the week, Nvidia (NVDA) picked right back up where it left off after hours yesterday, soaring on news of another quarter of growth. The AI chip designer grew its top and bottom line, sending shares nearly 15% higher in the past 24 hours. The company delivered 265% revenue [...]
Walmart (WMT) shared the results from its fourth quarter alongside the announcement that it would be purchasing TV manufacturer Vizio while simultaneously boosting the quarterly dividend. All this news sent shares 4% higher Tuesday morning, adding to what has been a strong trend over the past few weeks. The worldwide retailer is benefiting from [...]
It’s been a thrilling start to 2024 for investors of Super Micro Computer (SMCI), as the stock has skyrocketed 191% through the first month and a half of the year. However, it looks like the stock’s win streak has come to an end after last Friday’s reversal. All eyes are on Super Micro Computer [...]
The Children’s Place (PLCE) is up more than 78% Thursday morning after news broke that an investment group came together to build a majority stake in the company. Snowball Compounding Ltd. and groups associated with Mithaq Capital (a Saudi Investment firm) teamed up to claim a 54% stake and will nominate 11 people for [...]
Arm Holdings (ARM) is up more than 57% in Thursday morning’s trading session after delivering a strong earnings performance alongside an even stronger guidance for the current quarter. The chip designer brought in $824 million in revenue for the quarter, easily surpassing the analyst expectation of $762 million. Profits were strong too with an [...]
Ford Motor (F) gained 6% Wednesday before settling around 3% after delivering Q4 earnings that surpassed expectations. The company also announced it would be issuing a special dividend. The automaker grew revenue in Q4 by 4% to $46 billion, outpacing analyst expectations - but the earnings beat stole the show. Ford reported 29 cents [...]
