Fox News (FOX) shook the news world up Monday morning announcing long-standing host Tucker Carlson’s departure from the network. As a result, FOX shares dropped nearly 5% in yesterday’s trading sessions, resulting in a $962 million loss in market value. The company’s press release claims this was a mutual parting, but it’s generally believed [...]
Early Monday morning, Super Micro (SMCI) issued a warning that the company is going to fall short of its fiscal third-quarter revenue forecast. As a result, the company dropped as much as 12% in pre-market trading and now sits 6% lower than it opened at. While Super Micro originally issued a March-quarter revenue guidance [...]
Yesterday, AT&T (T) posted 1st quarter earnings that left much to be desired. While subscriber growth was up, revenue was down - and the market reacted by sending shares down more than 10% in Thursday’s trading session. A key indicator of the telecommunication company’s well-being is postpaid phone plans - a figure representing the [...]
It’s been a tough morning for Elon Musk, as not only did SpaceX Starship fail mid-flight - Tesla’s (TSLA) 1st quarter earnings came in overnight and the response has been anything but positive. The company is in the pits of a profitability battle that resulted in a drop to 11.4% in operating margin. This [...]
Morgan Stanley (MS) joined other investment banking companies in reporting a lackluster first quarter - one that saw a decline in revenue and profit figures. The company fell victim to a steep drop-off in investment banking revenue, as deals dried up amidst a challenging economic environment. Revenue for the quarter fell 2% from this [...]
Yesterday, Amneal Pharmaceuticals (AMRX) issued guidance for the first quarter of 2023 that came in over the consensus estimates. This sent shares trading as much as 14% higher in premarket trading. The stock opened Monday’s trading session at $1.34/share and closed at $1.63 for a nice single-day gain. The pharmaceutical company says that revenue [...]
Anheuser-Busch - the parent company for Bud Light - has made nationwide waves with its latest promotional marketing tactic. After partnering with transgender influencer Dylan Mulvaney, the company has received a barrage of criticism. While BUD stock is down in the past week, the company’s competitors are thriving - one of which is Molson [...]
The stock has hit nine new all-time highs since March 8 with a recent small pullback in the last two weeks. Arista Networks, Inc. (ANET: NYSE) is headquartered in Santa Clara, California, and was formerly known as Arastra, Inc. before the name was changed in October 2008 It was incorporated in 2004. ANET provides [...]
This morning, UnitedHealth Group (UNH) reported first-quarter earnings that came in over expectations. The company doubled down on this success, raising the full-year outlook for 2023. And yet, shares of the company are falling - down nearly 3% in Friday’s trading session so far. This has investors and the market as a whole perplexed. [...]
The airline industry as a whole has been struggling as of late, and American Airlines (AAL) is the latest company to fall victim to a lackluster forecast. Yesterday, the airline company released its first-quarter profit forecast that left analysts and the market as a whole underwhelmed. The carrier reset expectations for profit, with most [...]
