In the latest AI news, Google has introduced its take on ChatGPT, known as Bard. The parent company, Alphabet, experienced an 8% drop in the stock price as a result of this news - but why? Shouldn’t an exciting new feature like this cause a lift in share prices if anything? The issue is, [...]
Fabrinet’s stock price has been on a roll since its low last October. With a good earnings track record over the past five years, now may be the time to consider a position based on the latest earnings report and your analysis of all the key factors which VectorVest can provide with a few [...]
One of the tech companies everyone was anxiously awaiting a 4th quarter earnings report from is Apple - and it came late Thursday. The company came up short of analyst estimates on multiple figures, and yet, the stock is up 4% in Friday morning trading. Apple’s revenue took a hit in the final quarter [...]
Meta - the Facebook & Instagram parent company - waited until after trading hours yesterday to release their earnings report for Q4 of 2022. And it caused a frenzy in this morning’s trading session as the stock soared nearly 25% by 11:30 AM EST. What caused the hype, though? The company beat expectations [...]
LSI Industries Inc. (LYTS), founded in 1976 Cincinnati, Ohio, experienced a big price run-up on January 26, the day of their latest earnings call. The stock opened at $13.15 while closing at $14.98 the high for the day, an 11% sprint higher from the prior day’s close. This was the highest price compared to [...]
It wasn’t a great start to the new year for 10% of Salesforce employees who were laid off early Wednesday. The company overextended itself during the pandemic and now, amidst recession fears, is taking a more defensive approach to staffing. As many as 8,000 people will be let go in the coming weeks. CEO [...]
Monday morning saw the negative price trend for SNAP stock continue to strengthen, as shares fell an additional 3.5% by 11 AM EST. This came after Jeffries analyst James Heany joined Yahoo Finance to discuss the future for Snapchat - where he issued a grave warning to investors. We are nowhere near the bottom. [...]
Adobe Systems (ADBE) was moving early during Friday morning’s pre-market trading, and that manifested itself in an almost 6% gain when trading opened. This was the result of the company coming ahead of Wall Street expectations during the 4th quarter. The company reported adjusted earnings per share of $3.60, which beat the $3.50 [...]
Yesterday morning Reed Hastings - CEO of Netflix - went on the record to state that the company dropped the ball with its ad strategy. In fact, he states that Netflix should have launched its ad-supported tier years ago. In his interview with the New York Times, Hastings admitted he looked at advertising through [...]
Shares of Sumo Logic (SUMO) are trading over 11% higher this morning after a positive 3rd quarter earnings report. The company outpaced the expectations from Wall Street analysts on both the top and bottom lines - but before you make your next move with this stock, we’ve identified 2 things you need to see. Before [...]
