The latest market news & Insights
NVIDIA Shares Decline as Pledge to OpenAI Investment Undergoes Scrutiny
NVIDIA shares fell early Monday as investors considered the company’s plan to make a large investment in OpenAI, the maker of ChatGPT. The stock dropped 2.3% to $186.81 in morning trading. Focus has shifted to the relationship between Nvidia and OpenAI after a report on Friday said talks for Nvidia to invest up to $100 […]
Market Insights
Cisco Shares Are Surging – Here’s Why
Ticker Symbol: CSCO Cisco Systems Inc., the technology behemoth that once upon a time used to be the largest company in the world by market capitalization, provided revenue guidance that surpassed Wall Street’s expectations and reported record adjusted earnings for fiscal 2022. The maker of routers, switches, and data center products said that the chip […]
Target Slumps After Second Quarter Profit Drops Nearly 90%
Ticker Symbol: TGT Target, the large U.S. discount retailer, dropped around 3.5% at market open after producing a weak earnings report for its second fiscal quarter. Earnings per share fell 89.3% year over year to 39¢ which was lower than the average analyst estimate of 79¢. The miss comes on the heels of a first […]
Walmart Spikes After Solid Second Quarter
Ticker Symbol: WMT Walmart shares are up 5.5% in the early morning session, after the company released second quarter financials that were ahead of Wall Street’s expectations. The positive results follow from a disastrous first quarter report that resulted in a share pullback that was the sharpest intraday decline in the company’s history since 1987. […]
Home Depot Shares Are Up 4% After Solid Results
Ticker Symbol: HD Hardware store and retailer Home Depot’s shares are up almost 4% in mid-morning trading, after the company posted strong second quarter earnings results. Despite worry that a cooling housing market would present strong headwinds to the company’s business, Home Depot reiterated its previous guidance of sales growth of 3% for the fiscal […]
Toast Shares Jump 11% After Solid Earnings Report
Ticker Symbol: TOST Toast Inc, the restaurant technology company that provides point of sale terminals and management software, reported second quarter financial results that broadly beat consensus estimates. The company’s shares were last trading at $20.20, roughly 50% below the September 2021 IPO price of $40. The company’s shares have declined by 41% this year […]
U.S. Inflation Cools, Providing Much Needed Boost to Markets
Inflation in the United Sates, as measured by the Consumer Price Index (CPI), advanced 8.5% from the year earlier period in July. This was a decline from the 9.1% year-on-year increase reported for June. The number was also below the 8.7% reading expected by economists. As a positive for the Federal Reserve, core inflation, which […]
Disney’s Shares Are Popping Here’s Why
Ticker Symbol: DIS The Walt Disney Company published a robust third-quarter report that, while missing on certain key metrics, showed strong growth in its flagship subscription streaming business Disney+. While many feared that the company’s subscriber base would grow more slowly after a mixed report from rival Netflix, Disney+, the company’s eponymous streaming service, expanded […]
The Trade Desk Surges 17% After Beat and Raise
Ticker Symbol: TTD The Trade Desk shares are surging, up 17% in the after-close market to $63.75, after the company announced its second quarter results that were largely ahead of Wall Street expectations. The Trade Desk is an advertising technology company which provides a platform for companies to bid on various forms of advertising to […]
Bed Bath & Beyond Shares are up 50% on Monday Morning – Here’s Why
Ticker symbol: BBBY Shares in Bed Bath & Beyond Inc, the home and beauty retailer, are surging by over 50% in the morning trading session. This comes on the heels of a 32% jump on Friday, and a 160% jump over the past couple weeks. Bed Bath & Beyond is one of the “meme” stocks […]
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