Adobe Inc. (ADBE) reported third-quarter earnings yesterday after the market closed, and while earnings and revenue both came in above the analyst consensus, the focus remained on lackluster guidance for the current quarter. Here’s how the company performed in Q3: Adjusted earnings per share: $4.65 compared to the $4.53 consensus. Revenue: $5.41 billion compared [...]
NVIDIA’s role as a leader in the AI revolution makes it one of the most exciting stocks on the market. With a market cap over $1 trillion and its presence in everything from data centers to gaming, it’s a stock that many investors have their eyes on—whether you already own it or are thinking [...]
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% [...]
Monday: With key tech earnings on the horizon, the market closed mixed. The Dow gained 0.2%, while the S&P500 dipped 0.3%, and the Nasdaq fell 0.9%. Tuesday: Wall Street wavered but ended modestly higher as Nvidia’s earnings weighed on sentiment. The Dow was flat, and both the S&P500 and Nasdaq rose 0.2%. Wednesday: Ahead [...]
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 [...]
Salesforce (CRM) reported second-quarter earnings and revenue that came in ahead of analyst expectations thanks to a surge in bookings and early renewals for key clients. Here’s how the company performed compared to the consensus: Earnings: $2.56/share compared to the estimate of $2.35/share. Revenue: $9.3 billion compared to the estimate of $9.2 billion. Revenue [...]
The RBA held rates at 4.35% in August, its sixth consecutive hold decision, signalling rate cuts are off the table for at least the next six months because underlying inflation is not tracking fast enough towards the RBA’s 2 – 3% target range. It now expects to reach the target towards the end of 2025 or [...]
It’s looking increasingly likely that the much anticipated Federal Reserve rate cut will happen this September. The Fed’s chair, Jerome Powell, recently gave a speech at Jackson Hole highlighting the cooling jobs market and downward payroll revision in addition to his confidence in inflation moving towards the Fed’s 2% target. Taken together, these factors [...]
