Chegg Stock Gets Crushed by ChatGPT, Causing Shares to Fall 48% – Is it Time to Sell?
Students around the world have been playing on easy mode for the past 6-12 months as ChatGPT has become their go-to source for homework, and specifically, essays. And, the company that used to be the students’ trusted companion - Chegg (CHGG) is getting crushed as a result. The online education company had its earnings call Monday night - and [...]
Will Protalix BioTherapeutics Keep Powering Higher After its 178% Run Up Since November 2022?
Protalix BioTherapeutics, Inc. (PLX: NYSE AMEX and Tel Aviv Stock Exchange) is headquartered in Carmiel, Israel with an office in Hackensack, NJ, with a total of 197 employees. Protalix Ltd. was incorporated in 1993. It became a U.S public company on December 31, 2006. PLX is a biopharmaceutical company that develops, produces and commercializes recombinant therapeutic proteins produced by [...]
As Disney is Hit by Layoffs & Lawsuits, Does the Stock Still Belong in Your Portfolio?
The Walt Disney Company (DIS) is coming off a tough week of letting thousands of workers go, and it appears that a new battle awaits them this week. Monday morning, the Central Florida Tourism Oversight Board unanimously voted that they would sue the entertainment company. This is just the latest in an ongoing political battle between the company and [...]
Microsoft Earnings Beat Sends Shares 10% Higher, With More to Come…is it Too Late to Buy?
Microsoft (MSFT) issued its fiscal Q3 earnings earlier this week, and as of Friday, the ripples haven’t yet subsided. The company impressed with both a revenue and EPS beat, and has climbed nearly 10% since Tuesday evening when the report went out. Earnings came in at $2.45 per share compared to the estimate of $2.23 per share. Meanwhile, revenue [...]
Meta Finally Turns Around Earnings Slump, But is it Enough to Justify Buying the Stock?
After 3 consecutive quarters of declining revenue, the Facebook parent company Meta (META) finally turned things around. Wednesday, the company reported a 3% growth in sales that dramatically outperformed analyst expectations. On top of revenue growth, the company saw user growth that outperformed recent quarters. And looking ahead to the next quarter, Zuckerberg is expecting another quarter of revenue [...]
Google Beats Estimates and Will Buyback $70b in Stock: is it Enough to Earn GOOGL a Buy, Though?
Tuesday was an exciting day for Alphabet investors - the parent company of Google (GOOGL, GOOG). The company reported first-quarter earnings for the year that beat analyst estimates handily. And, along with this overperformance was the announcement of a $70b stock buyback program. The company exceeded the revenue consensus of $68.96 billion that had been laid out, reporting a [...]
