Snowflake Gains 13% in the Past Week After Upgrade, But We Still See 1 Thing Holding it Back
As more and more companies dive into the world of AI and attempt to capitalize on the hype, Snowflake (SNOW) is the latest to receive a bump. The stock is up more than 13% in the past week, and is still climbing today - up nearly 2% in Tuesday’s trading session. On Monday, Brad Reback of Stifel upgraded the [...]
Zscaler Jumps 22% After Raising Guidance – Should You Buy the Stock Ahead of 3rd Quarter Earnings?
One of today’s biggest movers in Monday morning’s trading session is cybersecurity company Zscaler (ZS). The stock has climbed more than 22% after raising guidance and resetting expectations for the fiscal third-quarter earnings report. This came as a result of a dramatic increase in revenue expectations. Previously, Zscaler was looking to produce revenue somewhere between $396 million and $398 [...]
Should Investors Be Worried About Icahn Enterprises After the Hindenburg Report? 3 Things You Need to See…
Icahn Enterprises (IEP) has had an interesting week, as the stock is currently up 20% in today’s trading session Friday. But, the stock tanked more than 45% earlier in the week. This came after the company was the latest victim to be targeted by Hindenburg - a short seller with a history of releasing reports that attempt to devalue [...]
Shopify Stock is Up After Selling Logistics Business to Narrow Focus: 2 Things For Investors to Weigh
Shopify (SHOP) investors were delighted to witness a 27%+ jump in stock price this morning. But, those who have been invested in the company for a while are even more excited about the long-term outlook for the company, as the news that got us here today is that Shopify announced the sale of its logistics business. This segment is [...]
Unity Lays Off 8% of Workers Amidst Restructuring Efforts, But is it Enough to Save This Stock?
This morning, Unity (U) released a statement announcing its plans to slash the workforce by about 8% - doing away with 600 jobs. This is part of a larger restructuring effort, as the video game software developer is working hard to achieve long-term, profitable growth. The company is rethinking the structure of specific teams within the company. And, this [...]
Chegg Stock Gets Crushed by ChatGPT, Causing Shares to Fall 48% – Is it Time to Sell?
Students around the world have been playing on easy mode for the past 6-12 months as ChatGPT has become their go-to source for homework, and specifically, essays. And, the company that used to be the students’ trusted companion - Chegg (CHGG) is getting crushed as a result. The online education company had its earnings call Monday night - and [...]