Robinhood Markets (HOOD) reported its fiscal first quarter results Wednesday that featured a record-breaking revenue performance field by newly acquired assets as the company sought to diversify its offerings for customers. Shares jumped around 7% prior to the market opening but have since settled at around even on the day. They’re still up more [...]
Uber (UBER) reported first-quarter earnings alongside second-quarter guidance Wednesday that sent shares down 8%. To make matters worse, the company’s primary competitor, Lyft, delivered an earnings beat yesterday with optimistic guidance for the quarter ahead. The first quarter saw a solid increase in revenue to $10.13 billion, a 15% gain year over year. This [...]
The Walt Disney Company (DIS) unveiled its second-quarter earnings this morning that came in above the analyst consensus fueled by the streaming segment - however, concerns surrounding the company’s traditional business model have sent shares 10% lower so far. Revenue for the quarter came in at $22.08 billion, just shy of the $22.11 the [...]
As more and more college campuses become protest centers for the Israel and Palestine conflict, the CEO of Hims & Hers Health (HIMS) made comments that sent his stock down more than 10% last week. Andrew Dudum expressed support for those brave enough to speak out against Israel saying that he and many other [...]
Tesla (TSLA) was climbing higher yesterday after its best week in a while as Elon Musk shared a pleasant surprise update with investors. He visited China to meet with Li Qiang and gained approval to move forward with its Full Self-Driving (FSD) software for the country’s electric vehicles. Musk also gained the go-ahead to [...]
Over the past few years, Royal Philips (PHG) has been battered and bruised amidst concerns surrounding its devices being recalled and the implications of a settlement. The uncertainty has led to the stock getting cut nearly in half since 2021 when these issues were first noted. Its breathing devices and ventilators were created with [...]
Anticipation surrounding the upcoming big tech earnings releases fueled a positive start on Wall Street. The Dow improved by 0.7%, the S&P500 added 0.9%, and the Nasdaq surged 1.1% on Monday. Tuesday saw a continuation of the bullish sentiment, driven by impressive earnings beats from GM, Pepsi, and Spotify, along with optimistic forward outlooks. [...]
It’s no secret that Nvidia has been the AI poster child and Wall Street darling amidst this technology craze, delivering more than 220% growth in the past year and earning a market capitalization of $2.17 trillion. However, the Google parent company Alphabet (GOOGL) is not far behind, and actually appears poised to overtake the [...]
Meta (META) announced its plans to invest aggressively in AI Wednesday, hoping to harness the power this technology claims to offer as a means to compete with Google and Microsoft. However, the news sparked investor uncertainty as shares initially tanked 15%. They’ve settled at a loss of around 12% Thursday morning. The announcement came [...]
The United Parcel Service Inc. (UPS) delivered its first quarter earnings yesterday in which the top line fell short of expectations despite beating the bottom line consensus. The stock had been rallying leading into the news but has fallen around 3% so far today. Revenue fell to $21.71 billion, representing a 5.3% drop year [...]
