AMD Climbs 5% After Beating Expectations in Q2, Sharing Optimistic Outlook: Time to Buy AMD?
Shares of Advanced Micro Devices (AMD) are up around 5% so far Wednesday morning after the chipmaker reported second-quarter results that narrowly outperformed the analyst expectations. The company’s upbeat outlook for the current quarter played a part as well. Adjusted earnings per share came in at $0.69/share, just ahead of the $0.68/share estimate on Wall Street. The revenue figure [...]
Market Reactions to the Latest PCE Data Release
Last week, the US Personal Consumption Expenditure (PCE) Price index edged up to 0.1% month-over-month for June 2024. It follows a flat reading in May, with the June increase in line with forecasts. Within June’s rise, prices for services increased 0.2%, while the cost of goods decreased 0.2%. When food and energy prices are stripped out entirely (giving the [...]
JetBlue Posts Unexpected Profit That Has Shares Climbing 18% Higher: Is it Time to Buy JBLU?
JetBlue Airways (JBLU) reported its second-quarter results Tuesday, featuring a pleasant surprise on the bottom line. The earnings beat sent shares climbing 18% higher so far this morning. The company delivered a profit of $25 million or 8 cents a share, which was well below its performance this time last year of $138 million or 41 cents a share. [...]
Heineken Drops 10% After Profit Miss: 3 Other Reasons it May Be Time to SELL HEINY
Heineken (HEINY) has fallen more than 10% so far Monday morning after the company’s latest earnings results left much to be desired, specifically from a profit perspective. While the forecast called for an operating profit growth rate of 13.2%, Heineken reported just 12.5% growth. As a result, the Dutch brewing manufacturer took a net loss in the first half [...]
Weekly Market Recap: Tech Tumult and Political Shifts Shape Volatile Market Week
Monday: Markets started on a high note with technology shares leading the charge following President Biden's announcement of not seeking reelection. The Dow increased by 0.3%, the S&P 500 rose by 1.1%, and the Nasdaq saw a significant jump of 1.6%. Tuesday: Investors took a cautious stance, resulting in a slight retreat across the board ahead of major tech [...]
The July High
Written by: Angela Akers Investors went into July with the intent to buy stocks. The Major Indices and the Price of the VVC were rising nicely in the first couple weeks of the month, with the DJI adding 2.79%, the S&P500 rising 3.13%, the Nasdaq picking up 4.17% and the Price of the VectorVest Composite (VVC) increasing 3.56%. But [...]
