The latest market news & Insights

A Look into Alphabet’s Third Quarter Numbers

Ticker Symbol: GOOGL Alphabet shares are down 6% in the morning trading session after the company reported third quarter advertising revenue which missed the consensus estimate from Wall Street, and a miss on total revenue and earnings. Shares are trading down as fears of an economic recession, which could hit advertising revenue-based internet companies hardest, […]

GM Shares Pop After Huge Earnings Beat

GM The largest vehicle manufacturer in the U.S., General Motors Co., announced today that it handily beat analysts third quarter profit estimates. Shares were up over 3% in the mid-morning hours, last exchanging hands at $37.02. GM shares have underperformed the broader S&P 500 index this year, down 36.9% versus the 19.4% decline in the […]

Snap Plummets Over 30% After Missing on Revenue  

Tesla Reported Third Quarter Results – Here is How the Company Did

Ticker Symbol: TSLA Tesla, the electric vehicle giant led by the always controversial Elon Musk, announced its third quarter results that were behind most analysts’ forecasts for the top-line. Shares were down over 4% in the noon trading session as indications emerge that demand may be softening going into year-end. The company said it would […]

Netflix Shares Surge After Company Gains Subscribers Again

NFLX Netflix shares are up 15% in morning trading after the company said it added more than 2.4 million subscribers in the third quarter of fiscal 2022. Wall Street analysts on average had been expecting the company to add only 1 million subscribers during the quarter, reflecting a huge beat by the streaming giant. Netflix […]

Roblox Shares Are Ripping Higher – Here’s Why

RBLX Roblox Corp, the videogame and educational game design company predominantly aimed for kids, reported a substantial jump in September books as a return to school possibly prompted users spending more time on the company’s platform. Roblox’s shares were last trading at $42.51, up over 19.5% for the day. The company’s shares have declined by […]

PepsiCo Shares Up on Beat and Raised Outlook

PEP Shares in carbonated drinks and snacks manufacturer PepsiCo are up this morning after the company beat on its revenue and earnings estimates for the third quarter and raised its outlook for the fiscal year. Pepsi’s management also said that demand for its products remains robust despite rising prices and a broader promotion driven environment […]

Ride-Sharing Companies Fall on New Proposed Rules

Ticker Symbol: UBER, LYFT, DASH Shares in companies that rely on “gig workers” declined sharply today after the U.S. Department of Labor issued a proposal that could result in many contract workers at companies such as Uber and DoorDash be reclassified as employees. Shares in Uber were down 6.1% in the afternoon trading session, whiles […]

September’s Jobs Report Comes in Stronger Than Expected

The September nonfarm payrolls report from the U.S. Labor Department showed that the economy added 263,000 jobs during the month, higher than the 255,000 expected by economists, while the unemployment rate unexpectedly declined to 3.5% from 3.7% in August. Furthermore, average hourly earnings rose by 0.3% from the previous month and 5% from the year […]