Salesforce Delivers on the Top and Bottom Lines in Q2: 3 Reasons to Buy CRM Today
Salesforce (CRM) reported second-quarter earnings and revenue that came in ahead of analyst expectations thanks to a surge in bookings and early renewals for key clients. Here’s how the company performed compared to the consensus: Earnings: $2.56/share compared to the estimate of $2.35/share. Revenue: $9.3 billion compared to the estimate of $9.2 billion. Revenue showed 8% growth year over [...]
Preparing for a Rate Cut This September
It’s looking increasingly likely that the much anticipated Federal Reserve rate cut will happen this September. The Fed’s chair, Jerome Powell, recently gave a speech at Jackson Hole highlighting the cooling jobs market and downward payroll revision in addition to his confidence in inflation moving towards the Fed’s 2% target. Taken together, these factors often mean it is time [...]
Shares of Ambarella Climb 11% After Earnings Beat, Guidance Upgrade: Is it Time to Buy AMBA?
Ambarella (AMBA) started Wednesday morning where it left off yesterday, climbing higher on the heels of an earnings beat in the fiscal second quarter. The stock is up 11% so far today and 21% in the past week. This comes after the company delivered a narrower loss than experts were expecting with EPS of -$0.13 compared to the estimate [...]
With Nvidia Set to Release Earnings Wednesday, is the Stock a Buy? 3 Reasons VectorVest Says YES
It’s no secret that Nvidia Corporation (NVDA) has been the center of attention since the AI boom began a few years ago. It’s surged nearly 3,000% in the past 5 years and until recently, showed no signs of slowing down. Even after a few slight hiccups throughout the summer thus far, it’s always responded well and recovered any losses, [...]
Intel Continues to Fall in the Wake of Lowered Earnings and Revenue Outlook – Time to Sell INTC?
Intel Corporation (INTC) has been losing its footing over the past month after the company announced a revision to its second-quarter earnings and revenue outlook. The stock has fallen more than 27% since the start of August, adding to a more concerning long-term trend. INTC has lost nearly 60% of its value through 2024 thus far, dropping from just [...]
Weekly Market Recap: Powell’s Speech Fuels Optimism Amid Volatile Trading
Monday: Last week started on a high note with investors eagerly awaiting Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Symposium. The Dow rose by 0.6%, the S&P 500 gained 1.0%, and the Nasdaq surged by 1.4%. Tuesday: Market sentiment took a hit following an earnings miss from Lowe's, causing the Major Indices to dip. The Dow and S&P [...]