Royal Philips Pops Nearly 30% on Better Than Expected Settlement & Earnings: Time to Buy PHG?
Over the past few years, Royal Philips (PHG) has been battered and bruised amidst concerns surrounding its devices being recalled and the implications of a settlement. The uncertainty has led to the stock getting cut nearly in half since 2021 when these issues were first noted. Its breathing devices and ventilators were created with a foam that could degrade [...]
Tech Earnings Fuel Market Surge: A Week in Review
Anticipation surrounding the upcoming big tech earnings releases fueled a positive start on Wall Street. The Dow improved by 0.7%, the S&P500 added 0.9%, and the Nasdaq surged 1.1% on Monday. Tuesday saw a continuation of the bullish sentiment, driven by impressive earnings beats from GM, Pepsi, and Spotify, along with optimistic forward outlooks. The Dow climbed 0.7%, the [...]
Alphabet Surpasses a $2T Market Cap Amidst AI Growth: We See 3 Other Reasons to Buy GOOGL
It’s no secret that Nvidia has been the AI poster child and Wall Street darling amidst this technology craze, delivering more than 220% growth in the past year and earning a market capitalization of $2.17 trillion. However, the Google parent company Alphabet (GOOGL) is not far behind, and actually appears poised to overtake the chip maker given its latest [...]
Meta Investors Aren’t Thrilled About AI Spending Plans as Shares Fall 12%: Time to Sell META?
Meta (META) announced its plans to invest aggressively in AI Wednesday, hoping to harness the power this technology claims to offer as a means to compete with Google and Microsoft. However, the news sparked investor uncertainty as shares initially tanked 15%. They’ve settled at a loss of around 12% Thursday morning. The announcement came as part of the company’s [...]
UPS Shares Fall on Weak Revenue Despite Strong Profits: 3 Things UPS Investors Need to See
The United Parcel Service Inc. (UPS) delivered its first quarter earnings yesterday in which the top line fell short of expectations despite beating the bottom line consensus. The stock had been rallying leading into the news but has fallen around 3% so far today. Revenue fell to $21.71 billion, representing a 5.3% drop year over year. This came in [...]
General Motors Cruises Past Domestic Sales Dip With Strong Profits in Q1: Time to Buy GM Stock?
General Motors (GM) reported first-quarter earnings that featured a massive uptick in profitability despite sales challenges here in the US. Shares are up 4% so far today on the news. The company grew revenue by 7.6% to $43 billion for the quarter, which matched the last quarter’s performance and beat the analyst estimate of $42.09 billion. Earnings per share [...]
