Amazon (AMZN) Jumps After Strong Q3 Results: What’s Next for the Tech Giant?
Amazon (AMZN) stock surged in after-hours trading on Thursday following a strong third-quarter earnings report that topped Wall Street’s expectations. The company’s results were driven by solid growth in its cloud and advertising businesses, which continue to be significant contributors to Amazon’s revenue growth. Quarter Highlights Amazon reported third-quarter revenue of $158.9 billion, marking an 11% year-over-year increase and [...]
Meta is Tumbling Despite Earnings Beat on Spending Concerns: 3 Reasons META is a BUY
The Facebook parent company, Meta Platforms (META), is losing ground Thursday morning on the heels of a third-quarter earnings update Wednesday after hours. While the stock is down 3% so far today, the Q3 performance was actually fairly solid. Revenue of $40.6 billion was slightly ahead of the analyst consensus for $40.2 billion. Earnings of $6.03 easily surpassed the [...]
Despite the Q3 Earnings Dip, It’s Not Time to Sell AMD Yet: 3 Reasons for Investors to Stay Patient
Advanced Micro Devices (AMD) is down more than 9% Wednesday morning after the company’s third-quarter earnings results were released yesterday afternoon. The semiconductor manufacturer showed strong performance in its data center segment specifically, which saw a massive 122% growth from this time last year. It helped push total revenue 18% higher year-over-year to $6.82 billion. Earnings per share came [...]
PayPal Shares Fall Despite Profit Improvements in Q3, But We Still See 3 Reasons to Buy PYPL Today
PayPal Holdings (PYPL) reported third-quarter earnings results that mirrored what we’ve seen so far this year - continued growth in profitability. The company delivered on one of its key metrics for the quarter, yet the stock is down nearly 4% Tuesday morning. Revenue for the third quarter came in at $7.85 billion, which was a 6% improvement year over [...]
McDonald’s Stock Plummets Nearly 7% on E. coli Concerns: Is This a Buying Opportunity for MCD?
Shares of Mcdonald’s Corp. (MCD) have started the road to recovery Monday morning after losing roughly 7% over the past few days. The stock is up more than 1% today as many saw the dip as a buying opportunity. The fast food chain is under fire amidst concerns that its popular Quarter Pounder burgers have exposed patrons to E. [...]
Weekly Market Recap: Bond Yields and Earnings Shape Wall Street’s Volatile Week
Monday: Wall Street began the week mixed as rising bond yields overshadowed the anticipation for upcoming earnings. The Dow fell 0.8%, the S&P 500 slipped 0.2%, while the Nasdaq managed a modest gain of 0.3%. Tuesday: Weak corporate earnings and rising treasury yields kept the market mixed. The Dow dipped by 0.02%, the S&P 500 declined 0.1%, and the [...]