It was a bad day for tech companies in the European Union (EU) court system as both Apple (AAPL) and Google (GOOGL) lost their battles and will face hefty financial penalties as a result. Apple was fighting a €13 billion ($14.4 billion) Irish tax bill, which can be traced all the way back to [...]
Earlier this week Vaxcyte (PCVX) shared an update on its VAX-31 trial results, which are quite promising. The stock popped nearly 50% on the news, sending shares to an all-time high of $115/share. VAX-31 is the company’s pneumococcal conjugate vaccine. This disease can contribute to more serious illnesses such as pneumonia, meningitis, and various [...]
It’s been a rollercoaster ride so far this year for Tesla (TSLA) investors, as the stock has seen thrilling highs and concerning lows. The stock fell roughly 40% in a single month over the summer, but has since begun its road to recovery. It’s up 17% in the past month, and looks to be [...]
Just a few days back during her presidential campaign stop in Pittsburgh, Pennsylvania, Vice President Kamala Harris made it clear where she stands on Nippon’s acquisition of US Steel (X). Nippon Steel agreed to purchase US Steel back in December of 2023 for a price of $14.9 billion. But, Joe Biden - president at [...]
Shares of Ulta Beauty Inc. (ULTA) fell as much as 10% last week after a downtrodden earnings update for the second quarter. This puts it down nearly 13% through 2024 thus far. However, the stock is now only down 3% in the past week after recovering since Thursday. Shares are up more than 2% [...]
Lululemon Athletica, inc. (LULU) may not have had the second-quarter performance it was hoping for, but the market hasn’t responded with panic yet, and LULU investors shouldn’t either. The company acknowledged where it’s falling short and has a plan to turn things around. Revenue climbed to $2.37 billion, a 7% improvement from this time [...]
Domino’s Pizza inc. (DPZ) reported second-quarter earnings early Thursday morning. While the company’s profits surpassed analyst expectations, the focus was on a disappointing revenue miss. As a result, the stock is down more than 12% so far today. Here are the results: EPS: $4.03 per share compared to the $3.68 consensus Revenue: $1.098 billion [...]
ASML (ASML) reported second-quarter earnings that surpassed Wall Street’s expectations on both the top and bottom lines and yet, the market responded by sending shares 10% lower. The Dutch semiconductor manufacturer saw a surge in demand for the quarter, beating its original forecast and culminating in the following results: Sales: $6.79 billion vs $6.53 [...]
Shares of the Tinder parent company, Match Group Inc. (MTCH) are up after hedge fund Starboard Value took a massive stake in the company, over 6.5% to be exact. The stock climbed 9% in extended trading yesterday and picked up where it left off this morning, resulting in a 14% gain on the week [...]
Goldman Sachs (GS) reported its second-quarter earnings Monday morning, sending shares higher on the heels of earnings and revenue beats. The company benefited from an increase to fixed income trading along with lower loan loss provisions than originally anticipated. Here are the Q2 results along with the analyst estimates: Earnings: $8.62/share vs $8.34/share expected. [...]
