NorthAmerica
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...
Invezz
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...
Invezz
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”, ...
Invezz
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 ...
Invezz
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...
Invezz
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...
Invezz
TG Therapeutics Inc (NASDAQ: TGTX) is up 30% on Wednesday even though it reported a wider-than-expected per-share loss for its fiscal first quarter. Why is TG Therapeutics stock up today?The biotech stock is being rewarded primarily because the revenue printed at $63.47 million versus analysts at $54.61 million. Michael S. Weiss – the chief executive of TG Therapeutics said in a press release today: We believe this strong momentum will continue to build throughout 2024 and are pleased to update our yearly guidance to $270 million to $290 million in BRIUMVI U.S. net revenue in 2024. The Nasdaq-...
Invezz
Riot Platforms Inc (NASDAQ: RIOT) is in the green at writing after reporting a surprise profit for its first financial quarter. Riot comes in shy of revenue estimates in Q1Revenue printed at $79.3 million in Q1 – versus $95.5 million that experts had forecast, as per the press release the bitcoin miner posted on Wednesday. On the plus side, however, analysts had called for a 21 cents loss on a per-share basis while Riot Platforms came in at a record 82 cents per share of earnings. According to Jason Les – its chief executive: [Riot] achieved a number of significant milestones [in Q1] which fur...
Invezz
About $150 trillion is expected to go into decarbonizing the global economy over the next thirty years. Here are the top four green energy stocks that may benefit as the world executes on its commitment to that transition. NextEra Energy Inc (NYSE: NEE)NextEra Energy is on our list of top four green energy stocks for long-term investment as it is one of the biggest names in the wind and solar energy space. The energy giant is committed to making its operations free of carbon emissions by 2045. $NEE has increased its adjusted EPS at a compound annualised rate of 10% over the past ten years whil...
Invezz
Amazon.com Inc (NASDAQ: AMZN) is trading up in extended hours on Tuesday after reporting better-than-expected financial results for its first quarter. AWS topped expectations againThe stock is being rewarded also because Amazon Web Services (AWS) remained strong in Q1, as per the earnings report. The cloud-computing platform brought in $25 billion in revenue (up 17% year-over-year). Analysts, in comparison, were at $24.5 billion. Andy Jassy – the chief executive of Amazon said in a press release today: The combination of companies renewing their infrastructure modernization efforts and the app...
Invezz
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