While all eyes are on stocks like NVDA, META, GOOG, and other companies staking their claims in the AI race, not enough emphasis has been placed on Broadcom (AVGO). The semiconductor and infrastructure manufacturer is well positioned to profit from this emerging technology. In fact, the company delivered second-quarter results yesterday and reported $3.1 [...]
Yesterday, Apple (AAPL) gained more than 5% to take shares to as high as $207, crossing the $200 threshold for the first time ever. They’ve picked up where they left off today, up another 5% for more than 11% on the week. The stock is currently sitting at $217/share. All this comes after the [...]
Krispy Kreme (DNUT) got a nice 2% boost Tuesday morning, adding to its trajectory over the past week. The stock is now up nearly 7% in that timeframe. This comes off the heels of an analyst upgrade ahead of the highly anticipated McDonald’s partnership rolling out. The upgrade comes from Truist Securities, which moved [...]
CrowdStrike (CRWD) is up 9% to start the week after delivering strong first-quarter earnings on the top and bottom lines. The stock is now up 154% in the past year and 51% through 2024 thus far. The cybersecurity company reported a 33% growth in revenue to $921 million, easily surpassing the forecast it set [...]
Shares of PayPal (PYPL) have risen roughly 7% in the past week, 5.5% of which came yesterday in the stock’s best performance since the very start of the year. There are a few things moving PYPL higher: 1) a bullish outlook by the company’s CEO and 2) investor excitement about new products being rolled [...]
The first half of 2024 has been rough for Lululemon Athletica (LULU), as the stock has fallen 40% in the past 6 months or so. However, the company delivered first-quarter earnings results that helped buoy the stock a bit - it regained 12% in the past week and is up 9% so far in [...]
Shares of Netflix (NFLX) are up more than after the streaming company delivered solid 4th quarter earnings, optimistic guidance for the year ahead, and perhaps most importantly, a highly anticipated deal with TKO - the parent company of WWE. As cable television continues to fizzle out, streaming services are bringing live sports programming into [...]
One of the most legitimate concerns surrounding AI technology is now being addressed by a collaboration between IBM and Casper Labs. The technology giant and blockchain service provider are teaming up to bring AI and Web3 technologies together to mitigate IP and safety issues. As more and more businesses take existing LLM’s (large language [...]
Two investment firms teamed up to submit a proposal to purchase Macy’s (M) back in December. After mulling over the offer for a few weeks, the retailer announced today that it would not be accepting the $5.8 billion bid brought forth. Arkhouse Management and partner Brigade Capital Management were eager to take the department [...]
It’s been a tumultuous week for Spirit Airlines (SAVE) and its investors, as the stock plummeted more than 60% after a judge blocked a deal for the budget airliner to be acquired by competitor JetBlue Airways. It’s been rumored that the company could be headed toward bankruptcy. But, SAVE is turning things around to [...]
