Just a few days back during her presidential campaign stop in Pittsburgh, Pennsylvania, Vice President Kamala Harris made it clear where she stands on Nippon’s acquisition of US Steel (X). Nippon Steel agreed to purchase US Steel back in December of 2023 for a price of $14.9 billion. But, Joe Biden - president at [...]
Shares of Ulta Beauty Inc. (ULTA) fell as much as 10% last week after a downtrodden earnings update for the second quarter. This puts it down nearly 13% through 2024 thus far. However, the stock is now only down 3% in the past week after recovering since Thursday. Shares are up more than 2% [...]
Lululemon Athletica, inc. (LULU) may not have had the second-quarter performance it was hoping for, but the market hasn’t responded with panic yet, and LULU investors shouldn’t either. The company acknowledged where it’s falling short and has a plan to turn things around. Revenue climbed to $2.37 billion, a 7% improvement from this time [...]
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 [...]
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 [...]
After multiple quarters of stagnant or backward revenue growth, Peloton Interactive Inc. (PTON) finally saw sales climb higher year over year - no matter how marginally. Revenue for the fiscal fourth quarter came in at $644 million, a modest 0.2% bump YoY and well ahead of the $628 million analysts were looking for. This [...]
Shares of Advanced Micro Devices (AMD) are up more than 11% this week after the company announced its acquisition of ZT Systems. Acquiring the AI infrastructure provider is a strategic move that will boost the chip maker's bottom line in 2025. ZT Systems is a New Jersey-based company that offers a range of solutions, [...]
Lowe’s (LOW) reported second-quarter earnings today that sent mixed messages - while the home improvement store beat earnings expectations, sales were down. The company is expecting to fall short of its original guidance for the full year now, which has sent shares slightly down in Tuesday morning trading. Here’s how the company finished Q2: [...]
Rivian (RIVN) announced that it has been forced to pause production of the electric vehicle fleet it manufactures for Amazon as it’s having supply chain challenges. Shares have fallen 8% in the last week on the news. This has been an ongoing issue since the start of the month as the company’s Normal, Illinois [...]
Rumble Inc. (RUM) disclosed its second-quarter earnings results sending shares 5% higher so far Tuesday morning. The video-sharing and cloud services provider has sought to democratize the internet, and users are getting on board. Revenue was up 27% from the first quarter to $22.5 million, but slightly down year over year. The company reported [...]
