Shares of Box Fall 8% on Weak Earnings and Outlook, Is It Time to Sell Though?
Box Inc. (BOX) shared fiscal third-quarter earnings alongside sales guidance for the remainder of the year late Tuesday that left much to be desired in the eyes of investors. A corresponding sell-off sent shares more than 13% lower in extended trading. They’ve settled at around an 8% loss so far this Wednesday morning. The company reported somewhat underwhelming results [...]
GTA VI Trailer Drops Today, and Take-Two Stock is Dropping With it: 3 Things Investors Need to See
All eyes within the gaming world are on Rockstar Games today, a studio owned by Take-Two Interactive Software (TTWO). The studio is known for games like Red Dead Redemption, NBA 2k, but more notably, the Grand Theft Auto lineup. And after more than 10 years, the latest iteration in the GTA series has life. Rockstar Games is set to [...]
Spotify Climbs 8% After Announcing Workforce Cuts: Is This Good News For Investors, Though?
It was a bad start to the week for a big chunk of Spotify’s (SPOT) workforce after the company announced Monday morning that 17% of jobs would be cut. CEO Daniel Ek didn’t mince words, admitting that many smart, talented, and hardworking individuals would be let go. This is now the third round of job cuts in 2023. The [...]
HCI Group Inc. Powers Higher, But Is Below Its 2021 All-Time High of $139.80: Can It Make It Back There?
By Leslie N. Masonson, MBA HCI Group, Inc. (NYSE:HCI), was incorporated in 2006 in Tampa, Florida where it is currently headquartered. It has $507 million in annual sales and a market capitalization of $737 million with 578 full-time employees. The company was formerly known as Homeowners Choice, Inc. and changed its name to HCI Group, Inc. in May 2013. [...]
ETF Momentum Investing – Part 3 Top Performers
by Leslie N. Masonson, MBA This is the third part of a series on ETF Momentum investing with the last two articles published on this blog on November 11 and 18, respectively. The first article was an introduction to ETF momentum investing, while the second article provided ETF multi-year performance over four time periods. This article focuses on the [...]
Marvell Technology Drops 6% on Downtrodden Earnings & Guidance: 3 Things You Need to See
Shares of Marvell Technology (MRVL) have made a solid rally so far this year by capitalizing on AI hype. However, it appears as if the semiconductor manufacturer may have overestimated its ability to take advantage of the technology. Or, at the very least, its timeline to seeing profits. Marvell reported its third-quarter earnings alongside a fourth-quarter guidance that left [...]
