Shares of Walt Disney (DIS) are down more than 57% from the high we saw in 2021, and stock is down 18% in the past 3 months alone. While some look at this dip as a buying opportunity, we see reasons to steer clear of DIS for the time being. The company has been [...]
Taiwan Semiconductor Manufacturing Company (TSM) gave an update on its revenue performance for the month of July this Friday morning, which initially sent shares 3% higher. Since the market opened, though, they’ve stayed around even on the day. The chip manufacturer’s $7.9 billion in sales worked out to a 45% growth in revenue. This [...]
Eli Lilly & Co. (LLY) is up more than 8% so far Thursday morning after reporting second-quarter earnings that easily surpassed the Wall Street consensus. The company also raised its guidance for the full year. The drugmaker posted adjusted earnings per share of $3.92, well ahead of the $2.60 that was expected by analysts. [...]
CVS Health Corporation (CVS) is down 1% today, making it an 8% loss on the week so far. The company’s latest earnings painted another disappointing picture, this time, as the healthcare-benefits segment struggled. The company’s net income of $1.77 billion was quite a step back from $1.90 billion this time last year. This worked [...]
Shares of Palantir Technologies (PLTR) are up more than 11% Tuesday on the heels of an impressive second-quarter performance. The company shoved it to the naysayers with 27% growth in revenue amidst “relentless AI demand”. Adjusted earnings per share came in just above analyst expectations at $0.09 compared to $0.08. Net income of $134 [...]
Amazon (AMZN) reported second-quarter earnings and spoke on its growing AI business, which was enough for some analysts to stand by their price targets. But as the stock continues to fall, VectorVest sees reason to consider selling it today. The online marketplace reported revenue of $147.98 billion, just short of the $148.56 billion consensus [...]
Exxon Mobil (XOM) reported its second-quarter earnings results that easily surpassed analyst expectations thanks to unprecedented production in the Permian Basin and Guyana. The $9.2 billion in earnings worked out to $2.14 per share for Exxon, a 17% improvement year over year. This was well ahead of the $2.02 analysts were expecting. The performance [...]
The Facebook parent company Meta (META) reported second-quarter earnings results that came in well above analyst expectations, sending shares climbing 5% higher so far Thursday morning. Here’s how the company fared: Earnings: $5.16 per share compared to $4.80 consensus Revenue: $39 billion compared to $38.3 billion consensus This worked out to a 73% and [...]
Shares of Advanced Micro Devices (AMD) are up around 5% so far Wednesday morning after the chipmaker reported second-quarter results that narrowly outperformed the analyst expectations. The company’s upbeat outlook for the current quarter played a part as well. Adjusted earnings per share came in at $0.69/share, just ahead of the $0.68/share estimate on [...]
JetBlue Airways (JBLU) reported its second-quarter results Tuesday, featuring a pleasant surprise on the bottom line. The earnings beat sent shares climbing 18% higher so far this morning. The company delivered a profit of $25 million or 8 cents a share, which was well below its performance this time last year of $138 million [...]
