Block (SQ) shares tanked as much as 20% in Thursday morning’s trading session before bouncing back up to around a 13% loss. This all came as a notorious short seller - Hindenburg Research - finalized its “2-year investigation” into the company and uncovered alarming findings. Hindenburg claims that Block is complicit in criminal activity, [...]
Recently, Michael Burry - manager of Scion Asset Management - unveiled new stakes in 7 different companies. The famed investor pointed toward a looming economic downturn for the year ahead just a few months ago - and he feels these companies still have the opportunity for growth. Today, we’re taking a look at one [...]
Salesforce (CRM) delivered its 4th quarter earnings yesterday after trading hours, and the stock is up 12% so far in Thursday’s session. The company’s cost-cutting efforts are starting to pay off in a major way. Revenue itself soared 14% up to $8.38 billion, but what really has investors and analysts excited is profitability. The [...]
After a tough 2022 for Shopify, it appears things are headed back in the right direction - and analysts at Deutsche Bank have taken a strong bullish stance on the stock. What are they seeing that caused them to change their rating for SHOP from HOLD to BUY? And, is now the time for [...]
One of the biggest stories Wednesday morning is Crowdstrike (CRWD), which fell 20% after news of their dismal earnings made waves among investors and analysts alike. The cybersecurity company reported revenue and profit that topped estimates, and earnings were up 135% over the previous year at 40 cents per share. So - what caused [...]
In a world where Amazon seems untouchable, any news of a company stealing their customers is sure to make waves. And that’s exactly what appears to be on the horizon - as Oracle executives claim that there will be shocking brands switching over to their OCI (Oracle Cloud Infrastructure) from Amazon’s AWS. This would be [...]
Adobe is expected to release its earnings report on Thursday - but the expectations are already in. Analysts are expecting the company to beat their predictions on revenue for the fiscal third quarter. In the quarter that ended September 2nd, the estimation is that Adobe pulled in sales of $4.43 billion and an adjusted [...]
When looking at a chart for bitcoin over the past year, you’ll see a steady fall that’s gotten us to where we are now. While the cryptocurrency reached almost $70k back in November of 2021, bitcoin is down almost 60% over the past year. Today, it sits at just $20k. And when you take [...]
It seems Amazon is on a mission to gain a grasp on any industry possible. So, when rumors circulated that Amazon was looking to acquire EA sports, it made sense. With EA Sports being regarded as one of the largest video game companies in the world as it stands right now, this purchase would [...]
Salesforce (CRM) board of directors has recently approved a $10 billion stock buyback program - the first in the software firm's history. This news comes on the heels of a good quarter for earnings and revenue. And yet, the company’s executives are skeptical about the future - and have trimmed back their 2023 fiscal [...]
