Tuesday was record-breaking for the major dip due to key inflation data showing consumers are hurting over price increases. After Monday’s record-breaking numbers because of tech stocks and positive earnings, it was a surprise to find the market again in bear territory. The dip came because January CPI was reported M/M at 0.3% vs. [...]
Shopify Inc. (SHOP) shared fourth-quarter earnings that exceeded analyst expectations, and yet, the stock is down more than 10% so far in Tuesday morning’s trading session. It’s the outlook for expenses that has investors and analysts concerned. The e-commerce platform provider posted a net income of $657 million for Q4, a dramatic turnaround from [...]
Monday.com (MNDY) started the week with a bang, reporting Q4 earnings that managed to beat the FactSet consensus on the top and bottom lines. But, shares are down more than 9% this morning. The project management software grew revenue by 35% to $202.6 million, well above the FactSet consensus of $198 million. Net operating [...]
Market Recap: Volatility and Anticipation Dominate Trading Hawkish comments from Fed Chair Powell kicked off the week with Wall Street in the red, as hopes for a March interest rate cut dimmed. The Dow, S&P500, and Nasdaq all saw declines, with the Dow falling by 0.7%, the S&P500 by 0.3%, and the Nasdaq by [...]
Expedia (EXPE) shared Q4 earnings after the market closed Thursday, which consisted of a mixed bag of results. There was plenty of hype leading into yesterday, but the stock tanked Friday morning in response to the news. The online travel company grew revenue 10% for the quarter to $2.887 billion. Analysts were expecting just [...]
Arm Holdings (ARM) is up more than 57% in Thursday morning’s trading session after delivering a strong earnings performance alongside an even stronger guidance for the current quarter. The chip designer brought in $824 million in revenue for the quarter, easily surpassing the analyst expectation of $762 million. Profits were strong too with an [...]
The golden state of California has been drenched in severe floods and heavy snow, resulting in Moody estimating economic losses of around $5-7 billion. The implications extend across sectors, encompassing residential, commercial, industrial, automobile, and infrastructure assets, but the damage is still coming on. On top of economic implications, Moody predicts that insured losses [...]
Ford Motor (F) gained 6% Wednesday before settling around 3% after delivering Q4 earnings that surpassed expectations. The company also announced it would be issuing a special dividend. The automaker grew revenue in Q4 by 4% to $46 billion, outpacing analyst expectations - but the earnings beat stole the show. Ford reported 29 cents [...]
Shares of Spotify Technology (SPOT) are up more than 6% so far in Tuesday’s trading session on the heels of delivering Q4 guidance. Despite falling short in earnings for the final quarter of 2023, the upbeat guidance for growth in active users stole the spotlight. After finally posting a profit in Q3, Spotify took [...]
Market Recap: A Week of Surprises and Momentum Anticipation around upcoming big tech earnings and jobs data fueled a positive start on Wall Street. The Dow rose by 0.6%, the S&P500 added 0.8%, and the Nasdaq surged 1.1%. The Federal Reserve initiated a two-day meeting, and post-close tech earnings led to a wait-and-see attitude, [...]
