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
Etsy Shares Are Surging After Results Crush Expectations
Ticker Symbol: ETSY Shares of online marketplace Etsy were last trading up 8% this morning after the company produced second quarter financial results that were well ahead of Wall Street consensus forecasts. The company offers handmade and vintage items, art, and supplies, and connects millions of buyers and sellers worldwide. Shares in the firm have […]
Fed Raises Key Rate by 75 Basis Points but Gets Less Hawkish
The U.S. Federal Open Market Committee (FOMC) raised its key policy rate by three-quarters of a percentage on July 27th to battle higher inflation. In its fourth interest rate hike since the start of the COVID pandemic, the Federal Reserve (the Fed) increased the Federal Funds Target rate to an upper bound of 2.5%. Bond […]
Facebook Parent Reports First Ever Revenue Decline
Ticker Symbol: META Shares in Meta Platforms were down 5% in the after-market-close trading session today, as the company missed its second-quarter earnings estimates on both the top and bottom lines. Following a weak report from competitor Snap Inc, investors were largely expecting the parent company of Facebook to report numbers that would fall short […]
Alphabet Shares Get a Boost on Ad Revenue Beat
Ticker Symbol: GOOG Alphabet shares are up 2% in the post-market trading session after the company reported second-quarter advertising revenue which beat the consensus estimate from Wall Street, despite a miss on total revenue and earnings. Shares may be trading up primarily because the company avoided some of the worst-case scenarios investors may have feared […]
Chipotle Shares Surge on Earnings Beat
Ticker Symbol: CMG Chipotle Mexican Grill Inc, the cantina-styled restaurant chain, announced second-quarter earnings which broadly beat Wall Street estimates. Shares were trading up 12% in the morning session and are down 14.2% on a year-to-date basis versus the 16.7% decline in the S&P 500. The better-than-expected results come on the back of the company […]
Shopify Shares Tank After Company’s CEO Says Growth Declines
Ticker Symbol: SHOP Shopify shares plunged as much as 17% today after the company said it would be cutting close to 1,000 jobs, or 10% of its total workforce after the company’s Chief Executive Officer and founder, Tobi Lutke, said that a pullback in consumer spending in e-commerce channels was higher than management had initially […]
McDonald’s Sales and Earnings Top Estimates, Shares Climb
Ticker Symbol: MCD McDonald’s, the world’s largest fast-food chain, announced second quarter financials today which broadly beat Wall Street estimates. The company, which pulled out of Russia during the quarter in a historic move, managed to increase prices for most of its menu items without impacting customer demand. Shares were trading up 2% in the […]
Snap Plummets Over 34% After Suspending Forward Guidance
Ticker Symbol: SNAP, GOOG, META, PINS, TWTR, TTD, ROKU The parent of the eponymous messaging app Snapchat, Snap Inc, was down over 34% in the morning session today after the company missed its second-quarter earnings Wall Street estimates on revenue and profit. Management also promised to limit hiring as the company deals with the fallout […]
Tesla Reported Second Quarter Results – Here is How the Company Did
Ticker Symbol: TSLA The largest electric vehicle manufacturer in the world, Tesla Inc, announced its second-quarter results that were largely ahead of Wall Street expectations. Most critically, however, the company stuck to its forward guidance of producing and delivering vehicles with a 50% average annual growth rate. The company also said that it converted approximately […]
Introduction to Stock Trading
Trade with fewer limits
Day trade with fewer limits at fast speed. Buy stocks and ETFs at low fees.