Macy’s (M) is up nearly 5% so far Tuesday morning after the retailer announced its Q4 earnings results along with its plans to rejuvenate the brand through a series of store closures, asset sales, and more. For the quarter ended on February 3rd, the company narrowed its loss to just $71 million from $508 [...]
Shareholders of Intuitive Machines (LUNR) were met with negative news to start the week, as the stock started Monday morning down more than 35%. This came after the company disclosed that its Odysseus moon lander was resting on its side on the face of the moon after tipping over. This is just one of [...]
Carvana (CVNA) jumped 38% Friday morning after the online car retailer delivered a pleasant surprise in its Q4 earnings. While the company is still losing money, it’s slowly but surely becoming more profitable - and there’s reason to be optimistic about the road ahead. The company reported revenue of $2.4 billion, falling just shy [...]
After losing its footing to start the week, Nvidia (NVDA) picked right back up where it left off after hours yesterday, soaring on news of another quarter of growth. The AI chip designer grew its top and bottom line, sending shares nearly 15% higher in the past 24 hours. The company delivered 265% revenue [...]
After starting the year strong, Palo Alto Networks (PANW) took a 25% dip yesterday after the market closed. The stock faced a sell-off after investors were warned that the company was rethinking its 2024 revenue forecast. The company is seeing its customers tighten budgets for IT security spending, which put a wrench in its [...]
Walmart (WMT) shared the results from its fourth quarter alongside the announcement that it would be purchasing TV manufacturer Vizio while simultaneously boosting the quarterly dividend. All this news sent shares 4% higher Tuesday morning, adding to what has been a strong trend over the past few weeks. The worldwide retailer is benefiting from [...]
It’s been a thrilling start to 2024 for investors of Super Micro Computer (SMCI), as the stock has skyrocketed 191% through the first month and a half of the year. However, it looks like the stock’s win streak has come to an end after last Friday’s reversal. All eyes are on Super Micro Computer [...]
Coinbase (COIN) is up more than 15% after unveiling Q4 earnings yesterday after the market closed. The world’s leading cryptocurrency exchange easily outperformed compared to the market’s expectations. Total revenue was up 41% to $954 million, well above the $826 million Wall Street was forecasting. Meanwhile, adjusted earnings of $1.04 not only blew the [...]
The Children’s Place (PLCE) is up more than 78% Thursday morning after news broke that an investment group came together to build a majority stake in the company. Snowball Compounding Ltd. and groups associated with Mithaq Capital (a Saudi Investment firm) teamed up to claim a 54% stake and will nominate 11 people for [...]
The world’s second-largest brewer is having a hard time getting customers on board with price increases. Heineken (HEINY) reported a drop off in the volume of beer sold for the most recent quarter, sending shares 5% lower this Wednesday morning. After increasing prices on average 10.2% around the world, the Amsterdam-based company only managed [...]
