While FedEx stock closed over $200 on Thursday, September 15, investors were in for a rude awakening this morning as shares plummeted over 25% at market open. Right now, the stock sits below $160/share. Altogether, the company lost a market cap of about $11 billion as a result. This is certainly a problem for [...]
Adobe is expected to release its earnings report on Thursday - but the expectations are already in. Analysts are expecting the company to beat their predictions on revenue for the fiscal third quarter. In the quarter that ended September 2nd, the estimation is that Adobe pulled in sales of $4.43 billion and an adjusted [...]
Meta stock took a steep tumble this week and looks to be continuing the downward trend we’ve seen over the past year. This trend isn’t necessarily unique to Meta, either. Tech stocks as a whole are suffering this year amidst inflation, recession fears, and other external factors.But, there is one problem Meta, in particular, is [...]
Anytime a company releases news about a stock split it creates waves throughout the investment community. And Tuesday, NeuroBo Pharmaceuticals Inc. (NRBO) announced that a reverse stock split is coming. While this was done more so to comply with Nasdaq’s listing requirements, the move contributed to a massive spike in the stock’s price. Just [...]
It’s been a rough year for General Electric, as the company is down over 25% in the past year. The high-tech industrial firm operates in a wide array of sectors and is well diversified - and yet, they’ve struggled even in the bigger picture. In the past 5 years, GE is down a whopping 60%. [...]
If you’re a tech junkie, one of your favorite days of the year is the Apple keynote conference. And for good reason - there’s always something innovative and jaw-dropping released in the September event. And if you’re invested in Globalstar, this year’s conference was particularly interesting. This year, the tech giant released the new iPhone [...]
Over the past 2 years, we’ve seen a multitude of pandemic success stories. Zoom, for example, flourished during lockdown but has since begun a freefall towards the bottom. And, the same is true for DocuSign - a company that soared as COVID-19 restrictions prevented businesses from interacting face-to-face. The digital signature company saw its [...]
It’s been an interesting few years for automakers - as supply and demand in this industry continue to twist and turn, keeping investors guessing along the way. However, things appear to be leveling off on the demand side - and the supply side is finally starting to catch up. As such, we’re seeing the auto [...]
Any time Standard & Poor decides to bring new stocks into its ecosystem, you can bet the news will make waves in the stock market. And as of September 19, 2022, Annaly Mortgage Management (NLY) will be joining the S&P MidCap 400. Alongside the REIT mortgage company are a few other stocks - Penn Entertainment, [...]
As our world becomes increasingly digital, companies that seek to help advertisers and creators are situated to dominate. And one such company in this space is PubMatic (PUBM): one of the leading solutions for programmatic digital advertising technology. Simply put, this company helps advertisers and content creators reach their audience in a practical and scalable [...]
