Shares of GameStop Corporation (GME) are down more than 16% Wednesday morning after the company came in well short of expectations in the fourth quarter. The video game retailer reported revenue of $1.79 billion, missing the analyst consensus of $2.05 billion by a wide margin. This was a big step backward year over year, [...]
Krispy Kreme (DNUT) is up more than 30% in Tuesday trading after the Winston-Salem, NC company announced a strategic partnership with worldwide fast-food chain McDonald’s. The rollout will begin in the back half of this year, at which point customers will be able to buy Krispy Kreme doughnuts at select McDonald’s. The partnership will [...]
Last week we saw a bit of a sell-off in the AI and tech industries as a whole, but one stock actually managed to gain about 5% - Dell Technologies Inc. (DELL). This came after the hardware manufacturer got a shout-out from Wall Street darling Nvidia. Nvidia CEO Jensen Huang delivered a GTC Keynote [...]
FedEx (FDX) is ending the week with a bang. The stock is up more than 8% Friday morning after the company beat the expectations for third-quarter earnings and announced a massive stock buyback program. The company did disappoint in revenue, with a 2% slip year over year to $21.7 billion. However, the bottom line [...]
Shares of Micron Technology (MU) surged more than 15% Thursday after the company’s fiscal second-quarter earnings easily beat the consensus, driven by the AI craze. The company doubled down on these results with an upbeat outlook for the road ahead, too. The memory and storage chip manufacturer grew revenue from just $3.69 billion this [...]
The week, and, frankly, the month’s sentiment, will be set by today and tomorrow's Fed meeting and information on a rate cut. As Americans continue to feel inflationary pressures, the FOMC members’ interpretation of recent inflation data, such as CPI and PPI, will lay the path for when to expect a cut and how [...]
Chipotle Mexican Grill (CMG) climbed 6% higher Wednesday morning after announcing that its board of directors had approved a 50 to 1 stock split. This will make the stock more accessible to employees along with other retail investors, as it currently trades at around $2,973/share. If the company gains shareholder approval for the move [...]
Chinese EV manufacturer XPeng Inc. (XPEV) posted impressive Q4 earnings that beat the top and bottom line, initially sending shares higher Tuesday morning. They’ve since cooled off and settled around even on the day. The company grew revenue by a whopping 154% to RMB13.05 billion ($1.84 billion). This easily outpaced the FactSet consensus of [...]
Enphase Energy (ENPH) has fallen more than 14% in the past week as concern surrounding high interest rates continues to mount. This has prompted sharp sell-offs, which include insider selling. Interest rates are at a 23-year high today, and the Fed won’t take action anytime soon as consumer and wholesale inflation are both concerns [...]
Shares of Adobe (ADBE) are down more than 14% Friday morning after the company delivered its first-quarter earnings for fiscal 2024. The company delivered on earnings, but its outlook for the quarters to come left much to be desired and spurred negative investor sentiment. Adobe’s results included an 11% growth in revenue to $5.18 [...]
