NorthAmerica
Apple Inc (NASDAQ: AAPL) is trading up in extended hours on Thursday after coming in ahead of Street estimates for its fiscal second quarter. iPhone revenue fell short of expectationsThe stock is gaining even though iPhone did not do all that well in Q2. The flagship handset generated $45.96 billion in revenue in the recently concluded quarter (down 10% year-over-year) versus analysts at $46 billion. Tim Cook – the chief executive of Apple Inc said in a press release today: We are focused on providing the very best products and services for our customers, and doing so while living up to the co...
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It’s not too late to invest in Wayfair Inc (NYSE: W) even though it’s already up more than 15% on Thursday, says a Citi analyst. Wayfair stock has upside to $85Ygal Arounian reiterated his “buy” rating on the eCommerce company and raised his price target to $85 in a research note last month. That suggests a whopping 40% upside as Wayfair continues to benefit from its “long-term competitive advantages”. On Thursday, the New York listed firm came in well ahead of Street estimates as layoffs announced in January helped significantly narrow its loss in Q1. $W ended the quarter with 22.3 million ac...
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Plug Power Inc (NASDAQ: PLUG) is in the green at writing after announcing new cryogenic equipment supply agreements with unnamed companies. Here’s what it means for Plug Power stockThe $1.60 billion company based out of Latham, New York will supply a total of five cryogenic trailers for the transport of nitrogen, argon, oxygen and other industrial gases to a party in Canada. Deliveries, it added, are expected in the first quarter of 2025. Andy Marsh – the chief executive of Plug Power said in a press release today: We’re successfully building long term strategic partnership with customers and ...
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Peloton Interactive Inc (NASDAQ: PTON) is pushing to the upside this morning even though it came in shy of Street estimates for the third quarter. Why is Peloton stock up today?The price action is particularly interesting considering the connected fitness company failed to impress with its guidance as well. $PTON now forecasts its revenue to fall between $2.68 billion and $2.70 billion in the current quarter. Analysts, in comparison, were at $271 million. But the stock is up perhaps because of what CEO Barry McCarthy said in a letter to shareholders today: We are announcing a new restructuring...
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eBay Inc (NASDAQ: EBAY) is in the red in extended hours today even though it came in ahead of Street estimates for its fiscal Q1. eBay stock down on muted guidanceThe stock is taking a hit primarily because the management failed to impress with its guidance. $EBAY now forecasts its revenue to fall between $2.49 billion and $2.54 billion on up to $1.15 of per-share earnings. Analysts, in comparison, were at $2.56 billion and $1.14, respectively. Jamie Iannone – the chief executive of eBay Inc said in a press release today: Our accelerating pace of innovation is fundamentally changing the sellin...
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Qualcomm Inc (NASDAQ: QCOM) is trading up in extended trading after reporting market-beating financial results for its second quarter. Qualcomm stock gains on upbeat guidanceShares are pushing to the upside also because the chipmaker issued upbeat guidance for the future. $QCOM now forecasts its revenue to fall between $8.80 billion and $9.60 billion on up to $2.35 of adjusted EPS in Q3. Analysts, in comparison, were at $9.05 billion and $2.17 per share, respectively. Cristiano Amon – the chief executive of Qualcomm said in a press release today: We are excited about our continued growth and d...
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S&P 500 is in the red at writing after the Federal Reserve left its benchmark overnight borrowing rate unchanged again. Why did FOMC not cut interest rates today?Note that the U.S. central bank has kept interest rates in the range of 5.25% and 5.50% – the highest level in more than two decades since July of 2023. The FOMC statement attributed today’s decision to a “lack of further progress” in bringing inflation back to the 2.0% target. Rates cuts remain unlikely until members of the federal open market committee have “greater confidence that inflation is moving sustainably toward 2 percent”, ...
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Jim Cramer seems to have lost conviction in Laxman Narasimhan – the chief executive of Starbucks Corp (NASDAQ: SBUX) after a “terrible” quarter the coffee giant reported last night. What Cramer said after interview with Starbucks CEOThe famed investor asked Narasimhan for a reason why his Charitable Trust should hold $SBUX for another quarter in an interview on Wednesday. And while the chief executive did say he has a plan aimed at meaningful improvement from here on out – Cramer evidently is not convinced. It’s difficult to come on air and say things are good. I would have called for more of ...
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Anthropic is in focus this morning after introducing a free iPhone app as well as an enterprise offering to ramp up competition with OpenAI. What we know about Anthropic’s new offering ‘Team’The new business tier called “Team” required at least five users and costs $30 a month. It was built on the back of feedback that Anthropic received from its existing customers and was beta-tested with up to fifty of them as well, said Daniela Amodei – cofounder of the AI startup in an interview with CNBC today. The news arrives about a couple months after Anthropic unveiled the Claude 3 – its most powerfu...
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A post-earnings dip in Advanced Micro Devices Inc (NASDAQ: AMD) is an opportunity to buy a quality name at a discount, says a Barclays analyst. AMD stock is well positioned after Q1 earningsShares of AMD are down some 7.0% at writing after the chipmaker issued in-line guidance for its current financial quarter. Still, Blayne Curtis reiterated his “overweight” rating on the semiconductor giant this morning that he continues to see as well positioned after its Q1 earnings report. In all, AMD remains one of the best positioned names in AI coupled with an improving core business. Note that AMD sto...
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