Micron Technology is Up 15% on AI-Driven Earnings Beat and Outlook: Why MU is a BUY Today
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 time last year to $5.82 [...]
How the Fed’s Rate Decision Will Impact the Market
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 severe it could be. With [...]
Chipotle Climbs on Approval of 50 to 1 Stock Split – Here are 3 Other Reasons to BUY CMG Today…
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 in the upcoming June 6 [...]
Blue Chip Investing: How to Invest in Blue Chip Stocks
Blue chip investing is an excellent strategy where stability meets growth and dividends pave the way for a robust financial future. These are trusted, well-established, and financially sound companies that have stood the test of time - so investing in blue chip stocks is generally regarded as safe. Still, there are nuances to the strategy that you must be aware [...]
XPeng Drives Revenue and Margin Higher to Beat Earnings: Is it Time to Buy XPEV, Yet?
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 RMB12.64 billion. The growth in [...]
Enphase is Down 14% on High Interest Rates: Insiders are Selling ENPH, Should You Follow Suit?
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 of their own right now. [...]
