CrowdStrike (CRWD) is up 9% to start the week after delivering strong first-quarter earnings on the top and bottom lines. The stock is now up 154% in the past year and 51% through 2024 thus far. The cybersecurity company reported a 33% growth in revenue to $921 million, easily surpassing the forecast it set [...]
Shares of PayPal (PYPL) have risen roughly 7% in the past week, 5.5% of which came yesterday in the stock’s best performance since the very start of the year. There are a few things moving PYPL higher: 1) a bullish outlook by the company’s CEO and 2) investor excitement about new products being rolled [...]
The first half of 2024 has been rough for Lululemon Athletica (LULU), as the stock has fallen 40% in the past 6 months or so. However, the company delivered first-quarter earnings results that helped buoy the stock a bit - it regained 12% in the past week and is up 9% so far in [...]
Shares of Netflix (NFLX) are up more than after the streaming company delivered solid 4th quarter earnings, optimistic guidance for the year ahead, and perhaps most importantly, a highly anticipated deal with TKO - the parent company of WWE. As cable television continues to fizzle out, streaming services are bringing live sports programming into [...]
One of the most legitimate concerns surrounding AI technology is now being addressed by a collaboration between IBM and Casper Labs. The technology giant and blockchain service provider are teaming up to bring AI and Web3 technologies together to mitigate IP and safety issues. As more and more businesses take existing LLM’s (large language [...]
Two investment firms teamed up to submit a proposal to purchase Macy’s (M) back in December. After mulling over the offer for a few weeks, the retailer announced today that it would not be accepting the $5.8 billion bid brought forth. Arkhouse Management and partner Brigade Capital Management were eager to take the department [...]
It’s been a tumultuous week for Spirit Airlines (SAVE) and its investors, as the stock plummeted more than 60% after a judge blocked a deal for the budget airliner to be acquired by competitor JetBlue Airways. It’s been rumored that the company could be headed toward bankruptcy. But, SAVE is turning things around to [...]
Just a few years ago Lucid Group (LCID) was one of the most exciting stocks on the market, soaring to more than 430% above its IPO price of $10.25/share. Since then, the stock has plummeted to just $2.69/share - with no signs of slowing down anytime soon. The EV manufacturer has been compared to [...]
Albemarle (ALB) dropped more than 3% to start Wednesday’s trading session after announcing its efforts to cut costs in response to plummeting lithium prices. Shares have since recovered and are now down just over 1%. The American chemicals manufacturing company is on a mission to lower its costs by nearly $100 million annually, and [...]
Morgan Stanley (MS) reported its fiscal 4th quarter earnings today before the market opened, and despite beating revenue forecasts, the stock is down more than 3% Tuesday morning. Revenue of $12.9 billion was a 1.2% improvement year over year, beating the FactSet consensus of $11.93 billion handsomely. Key segments in this performance were investment [...]
