The beginning of quarter 2 feels like April Fools keeps going with the markets under pressure due to the Fed’s hesitancy to cut rates, global strife continuing, and Tesla’s (TSLA) poor deliveries dragging the market down. Although delayed rate cuts are disappointing, seeing one of the magnificent 7 continue to plummet hurts like more [...]
The return of Bob Iger to the Disney throne was highly anticipated, and for the most part, well-received. DIS is up more than 22% in the past year and recent earnings reports have suggested that Iger is steering the ship in the right direction. The stock is up more than 33% through 2024. However, [...]
Yesterday, the Centers for Medicare & Medicaid Services (CMS) shared their plans for federal payments to Medicare Advantage plans, and Humana (HUM) has taken a hit on the news. The stock is down 15% so far Tuesday morning. CMS first disclosed these plans back in January. At the time, Humana warned that should the [...]
United Parcel Service, or UPS (UPS), will officially replace FedEx as the United States Postal Service’s primary air cargo provider. This comes after FedEx and USPS failed to agree on new contract terms, which were set to expire later this year on September 29th. FedEx wanted to negotiate a better deal, and ultimately, ended [...]
Monday: Economic Data Weighs on Market Sentiment The week started with a downturn as investors grappled with upcoming economic data releases. The Dow, S&P500, and Nasdaq all recorded losses, slipping by 0.4%, 0.3%, and 0.3%, respectively. Tuesday: Mixed Data Leads to Afternoon Declines Tuesday saw stocks slipping further as investors reacted to a mixed [...]
Shares of Walgreens Boots Alliance (WBA) are relatively flat this morning after the company reported second-quarter earnings that have analysts and investors alike concerned about profits and the long-term viability of the company’s business model. Last quarter, we wrote about Walgreens cutting their quarterly dividend and the fallout that ensued - including removal from [...]
Merck (MRK) received US FDA approval on Tuesday after the market’s close for Winrevair to treat pulmonary arterial hypertension (PAH), causing the stock to climb 4.6% pre-market. The company’s market cap is around $332.7 billion, indicating any notable movement is a result of a significant event, so the approval demonstrates a pretty big win [...]
Shares of GameStop Corporation (GME) are down more than 16% Wednesday morning after the company came in well short of expectations in the fourth quarter. The video game retailer reported revenue of $1.79 billion, missing the analyst consensus of $2.05 billion by a wide margin. This was a big step backward year over year, [...]
Krispy Kreme (DNUT) is up more than 30% in Tuesday trading after the Winston-Salem, NC company announced a strategic partnership with worldwide fast-food chain McDonald’s. The rollout will begin in the back half of this year, at which point customers will be able to buy Krispy Kreme doughnuts at select McDonald’s. The partnership will [...]
Last week we saw a bit of a sell-off in the AI and tech industries as a whole, but one stock actually managed to gain about 5% - Dell Technologies Inc. (DELL). This came after the hardware manufacturer got a shout-out from Wall Street darling Nvidia. Nvidia CEO Jensen Huang delivered a GTC Keynote [...]
