Shares of Nvidia (NVDA) fell as much as 5.6% Thursday after a strong rally sent it on its way to setting a new record high. The stock had climbed more than 6% before all those gains washed away yesterday. The fall-off could be attributed to the latest inflation figures weighing the stock down - [...]
PepsiCo (PEP) reported second-quarter earnings that came in above analyst expectations on the bottom line this morning. Yet, the stock is down slightly as the continued downward trajectory for demand paints a concerning picture. Income of $3 billion was a 12% improvement year over year, and this worked out to an adjusted $2.28 per [...]
Shares of SMART Global Holdings, Inc. (SGH) have gained another 18% today, adding to an impressive rally through 2024 thus far. The stock is now closing in on a 50% gain year-to-date. Today’s lift is all thanks to a third-quarter earnings report in which the company beat analyst expectations on both the top and [...]
Intel (INTC) gained more than 10% over the past week thanks to bullish coverage by one analyst at Melius Research who sees the stock as a top contender in the AI battlefield for the remainder of 2024. Ben Reitzes is optimistic about Microsoft’s new Recall AI and what it could mean for Intel, particularly [...]
Shares of Taiwan Semiconductor Manufacturing Company (TSM) got a 3% boost Monday morning after analysts with Morgan Stanley were the latest to upgrade the stock. The company is set to release its earnings on July 18th, and more and more experts are paying attention to the stock as the date approaches - you should [...]
Shell Plc (SHEL) announced that it’s anticipating up to a $1.5 billion to $2 billion tax impairment for having to halt its Netherlands biofuels production facility. The divestment of its chemicals refinery in Singapore will play a part in the impairment as well. The Netherlands site could generate as much as 820K metric tons [...]
The first quarter of 2024 was brutal for Tesla (TSLA). The company had nothing but bad news to report - from price cuts to layoffs to recalls. But, TSLA investors finally have something to be excited about. The EV manufacturer teased its Q2 results yesterday, which are set to be fully disclosed on July [...]
All eyes are on Volkswagen and Rivian right now, as just last week the two automakers teamed up to create an EV-focused joint venture. Volkswagen will gain access to Rivian’s EV technology and a heap of Rivian stock (RIVN) in exchange for up to a $5 billion investment. Shares of RIVN are up 30% [...]
Boeing (BA) has been trying to purchase Spirit Aerosystems (SPR) for months now, and it looks like the deal has finally come to fruition. The two companies agreed to an all-stock deal for a valuation of $4.7 billion. This puts the airplane part manufacturer at $37.25 per share, whereas the company currently sits at [...]
Shares of Walgreens Boots Alliance (WBA) are down 22% this week after taking a nosedive Thursday on the heels of a disappointing Q3 performance coupled with a downtrodden outlook. This is the lowest we’ve seen the stock in 27 years, and we don’t see light at the end of the tunnel. The company’s fiscal [...]
