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Trends & Insights

The latest market news & Insights

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IBM Shares Fall as CEO Doubles Down on Quantum While Market Stays Skeptical

At New York Tech Week on Tuesday, IBM’s CEO made his strongest argument so far that quantum computing is real, ready for business, and closer than most people think. Even as Arvind Krishna called quantum the next step after CPUs and GPUs and promised a $10 billion investment over five years, IBM shares dropped along […]

2 mins

Market Insights

AMD Posts Strongest Revenue Figure in Its History

AMD produced a stellar first quarter earnings report, beating estimates across the board. A strong data-center chip market and improved margins meant that adjusted earnings came in at $1.13, versus 47¢ a year ago and the 92¢ estimate. The company also completed the acquisition of the data-center powerhouse Xilinx in the quarter, which allowed revenue […]

2 mins

BP Reports Highest Quarterly Cash Flow in Almost 8 Years

BP shares soared as much as 8% after the company reported strong first quarter earnings. Despite a $25.5 billion charge due to its exit from its Russian joint venture with Rosneft, the company also increased its share buyback program by $2.5 billion. The company recorded adjusted EPS of 32¢, 44% ahead of the consensus EPS […]

1 min

Amazon and Google share hard times since the 2008 Financial Crisis

Tech giants Amazon and Alphabet (Google’s parent company) have experienced an all-time low in the markets since the Financial Crisis of 2008. The month of April saw a precipitous drop in shares of 23.8% and 18% for Amazon and Alphabet respectively, a repeat of November 2008 history when both companies simultaneously saw declines of 25.4% […]

2 mins

Stocks & Bonds Both Selloff During April

Monthly Market Summary Federal Reserve Policy Remains a Headwind for Equity & Credit Markets April was another difficult month for both stock and bond markets. The S&P 500 Index traded -8.8% lower during the month, while the Bloomberg Bond U.S. Aggregate Index traded -3.8% lower. Federal Reserve policy remains the driving force as the central […]

2 mins

Alphabet makes a $70 Billion repurchase

Google’s parent company, Alphabet, in a much-anticipated bid to return capital into the hands of its shareholders via share repurchases, has gotten the approval for $70 billion in buybacks from its Board of Directors. This is a significant milestone for the company in 2022, as 2021 and 2019 had seen authorizations of $50 and $25 […]

1 min

Apple’s Stellar March Quarter May Have Distracted From Upcoming Troubles

By all accounts, Apple reported possibly the best results from a technology company in this tumultuous earnings season. The company registered a beat on most of the financial metrics expectations from the sell-side analyst community. Second quarter earnings beat estimates, coming in at $1.52 versus an expected EPS of $1.42. Sales grew almost 9% year […]

3 mins

Amazon earnings are out, here are the numbers

Amazon shares were off 10% from their close in the after-hours as the company reported a first quarter loss of $7.56 which missed a consensus expected EPS of $8.40. Net sales met estimates, coming in at $116.4 billion. North America and AWS (cloud computing) were the two bright spots for the top line, while subscription […]

1 min

Robinhood earnings are out, here are the numbers

Robinhood shares plunged 11% in the aftermarkets to an all-time low of $9, after a weak quarterly report. First quarter revenue was down over 43%, while the company reported a 45¢ EPS loss that was larger than the 38¢ loss expected by the Street. Revenue of just under $300 million came in below the $353 […]

1 min

Tesla Stock Plunges erasing $126 Billion in a Single Day

Tesla Inc. erased approximately $126 billion from its valuation on Tuesday on concerns that Elon Musk may sell his shares to complete his $44 billion acquisition of Twitter Inc. Tesla’s stock price plunged during a broader selloff in equity markets globally due to investor concerns over persistent inflation and reduced economic expansion. High growth stocks […]

1 min
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