Enphase Energy (ENPH) has fallen more than 14% in the past week as concern surrounding high interest rates continues to mount. This has prompted sharp sell-offs, which include insider selling. Interest rates are at a 23-year high today, and the Fed won’t take action anytime soon as consumer and wholesale inflation are both concerns [...]
Shares of Adobe (ADBE) are down more than 14% Friday morning after the company delivered its first-quarter earnings for fiscal 2024. The company delivered on earnings, but its outlook for the quarters to come left much to be desired and spurred negative investor sentiment. Adobe’s results included an 11% growth in revenue to $5.18 [...]
Southwest Airlines (LUV) is down more than 19% in the past week as it is feeling the effects of Boeing’s ongoing safety concerns after a panel blew out of a 737 MAX 9 jet earlier this year. The airliner says that it will have to rethink its capacity for 2024 amidst the turmoil as [...]
Adidas (ADDYY) has been struggling to regain its footing since falling out with rap and fashion icon Kanye West back in 2022. This finally caught up to the German sportswear giant as it took on its first loss since 1992 amidst high-inventory levels weighing down sales. The company reported a net loss of 58 [...]
Shares of Oracle Corp. (ORCL) are up more than 11% this Tuesday morning after the company delivered solid Q3 earnings, outpacing analysts on the bottom line despite coming up a bit short on the top line. The company grew revenue 7% to 13.28 billion, but this fell just shy of the $13.3 billion analysts [...]
Shares of Boeing Co. (BA) are down more than 3% to start the week after news of the US Justice Department’s criminal investigation broke. The airliner is being probed for its role in a recent near-disaster aboard a January 5 flight in which a door plug blew out, leaving a hole in the 737 [...]
After delivering a lackluster outlook for the fiscal first quarter of 2024, Marvell Technology (MRVL) is down 7% in Friday morning trading. The company has surged over the past year thanks in large part to the AI craze, but the rest of the business is struggling. For the fiscal fourth quarter, overall revenue came [...]
Victoria’s Secret (VSCO) is down more than 30% so far Thursday after issuing a sales guidance that fell short of analyst expectations. The company is now forecasting net sales in 2024 of $6 billion. Meanwhile, the expectation on Wall Street was at least $6.19 billion. This cautious forecast is being attributed to a drop [...]
Shares of Crowdstrike (CRWD) are up more than 15% Wednesday morning after the company delivered Q4 earnings that topped analyst expectations on both the bottom and top lines. The company also announced news of an acquisition alongside its guidance for the year ahead. The cybersecurity company brought in revenue of $845 million, a 33% [...]
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 [...]
