Friday’s trading session saw Lyft stock fall off a cliff after the ride-share company released its fiscal fourth-quarter earnings report for 2022. Shares dropped nearly 40% not necessarily because the company underperformed in the 4th quarter - but because they expect issues to persist into 2023. Lyft reported earnings per share of $0.29, [...]
Automakers have struggled for a few years now to meet demand as semiconductor chip shortages have ravaged the industry. This has been a result of the COVID-19 pandemic shutting down factories and putting production on pause. But for General Motors, this issue looks to be one of the past. Yesterday, the automaker announced the [...]
It’s early - but one stock that’s performing exceptionally well in 2023 so far is Lucid Group. The electric vehicle manufacturer is matching rival Tesla, which is doing very well in its own regard - also up 86% year-to-date - and shows no signs of slowing down. The reason for this rally is [...]
In the latest AI news, Google has introduced its take on ChatGPT, known as Bard. The parent company, Alphabet, experienced an 8% drop in the stock price as a result of this news - but why? Shouldn’t an exciting new feature like this cause a lift in share prices if anything? The issue is, [...]
Yesterday, T-Mobile stock (TMUS) closed at nearly a 5% loss, marking the third consecutive day of losses. This all came after T-Mobile delivered a mixed earnings report last week where some segments performed well and others suffered. While earnings exceeded expectations from Wall Street, sales figures were a dramatic underperformance. Moreover, the company expects [...]
Catalent (CTLT) is all over the headlines this Monday morning as rumors surge of an acquisition. The buyer in question is Danaher (DHR), a company that designs and manufactures diagnostic tools for health, food, and water services. This play is said to be Danaher’s way of competing with Thermo Fisher Scientific. This marriage makes [...]
Fabrinet’s stock price has been on a roll since its low last October. With a good earnings track record over the past five years, now may be the time to consider a position based on the latest earnings report and your analysis of all the key factors which VectorVest can provide with a few [...]
BIG WINNERS IN AI. Written by: Angela Akers Besides the Fed’s 25-basis point rate hike, tech’s earnings highs and lows, and a blockbuster January Jobs report, everybody’s also talking about Artificial Intelligence, AI, this week. At the end of November, the user base of a private company called OpenAI, exploded after it released the [...]
One of the tech companies everyone was anxiously awaiting a 4th quarter earnings report from is Apple - and it came late Thursday. The company came up short of analyst estimates on multiple figures, and yet, the stock is up 4% in Friday morning trading. Apple’s revenue took a hit in the final quarter [...]
Meta - the Facebook & Instagram parent company - waited until after trading hours yesterday to release their earnings report for Q4 of 2022. And it caused a frenzy in this morning’s trading session as the stock soared nearly 25% by 11:30 AM EST. What caused the hype, though? The company beat expectations [...]
