Can JAKKS Pacific, Inc. Exceed Its September 2022 All-Time Highs?
The stock market can be a fickle beast, as evidenced by the recent tumultuous ride of JAKKS Pacific, Inc. (JAKK: Nasdaq). After reaching a record high of $27.87 on September 12, 2022, the stock plummeted to $16.79 on October 28, causing consternation among investors. In the ensuing months, the stock price experienced a series of ups and downs, eventually [...]
Fox News Stock Drops Dramatically After Tucker Carlson Exit – But is it as Bad as it Seems?
Fox News (FOX) shook the news world up Monday morning announcing long-standing host Tucker Carlson’s departure from the network. As a result, FOX shares dropped nearly 5% in yesterday’s trading sessions, resulting in a $962 million loss in market value. The company’s press release claims this was a mutual parting, but it’s generally believed that there is more to [...]
Super Micro Drops 6% on Warnings of Missing Forecast: 3 Reasons We Still Like This Stock
Early Monday morning, Super Micro (SMCI) issued a warning that the company is going to fall short of its fiscal third-quarter revenue forecast. As a result, the company dropped as much as 12% in pre-market trading and now sits 6% lower than it opened at. While Super Micro originally issued a March-quarter revenue guidance with a midpoint of $1.47 [...]
AT&T’s Weak Q1 Leads to 10% Drop: Is This an Overreaction or a Sign of What’s to Come?
Yesterday, AT&T (T) posted 1st quarter earnings that left much to be desired. While subscriber growth was up, revenue was down - and the market reacted by sending shares down more than 10% in Thursday’s trading session. A key indicator of the telecommunication company’s well-being is postpaid phone plans - a figure representing the number of individuals & businesses [...]
Tesla’s Profitability Woes From Q1 Will Worsen on the Road Ahead – is it Time to Get Out?
It’s been a tough morning for Elon Musk, as not only did SpaceX Starship fail mid-flight - Tesla’s (TSLA) 1st quarter earnings came in overnight and the response has been anything but positive. The company is in the pits of a profitability battle that resulted in a drop to 11.4% in operating margin. This came after price cuts on [...]
The Inside Scoop on Morgan Stanley’s Q1 Performance and Its Implications for Traders
Morgan Stanley (MS) joined other investment banking companies in reporting a lackluster first quarter - one that saw a decline in revenue and profit figures. The company fell victim to a steep drop-off in investment banking revenue, as deals dried up amidst a challenging economic environment. Revenue for the quarter fell 2% from this time last year to just [...]
