NorthAmerica
Lucid Group Inc (NASDAQ: LCID) is down 7.0% after the bell on Monday even though it came in ahead of sales estimates for its fiscal Q1. Why is Lucid stock down in after-hours?The stock is taking a hit primarily because $LCID lost more money on a per share basis than expected. On the plus side, though, Lucid remains confident that it will produce 9,000 vehicles this year which translates to about a 7.0% increase versus 2023. Peter Rawlinson – chief executive of the electric vehicles company said in a press release today: Our sales momentum is building, our focus upon cost remains relentless, an...
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Palantir Technologies Inc (NYSE: PLTR) is trading up in extended hours on Monday after reporting better-than-expected financial results for its first quarter. Palantir issues upbeat future guidanceInvestors are cheering also because the management issued upbeat guidance for the future. $PLTR now forecasts its revenue to fall between $649 million and $653 million in its current fiscal quarter. Analysts, in comparison, were at $643 million. Alex Karp – the chief executive of Palantir said in a press release%2D%2D,quarter%20ended%20March%2031%2C%202024.) today: The New York listed firm expects it...
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Investments going into quantum computing have been on a rise recently especially since artificial intelligence remains the front and centre of all financial debates. In fact, the United States alone has parked over $3.0 billion in quantum computing so far. Having said that, here are the top three quantum computing stocks for quick profits. IONQ Inc (NYSE: IONQ)IONQ is on our list of best quantum computing stocks to buy this year as it close to doubling its revenue on a year-over-year basis in 2023. The New York listed firm ended last year with bookings up a whopping 166% as well. More importan...
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GameStop Corp (NASDAQ: GME) has gained more than 50% in recent weeks but the gain is far from sustainable, as per a Wedbush Securities analyst. GameStop stock could crash to $5.0Michael Pachter continues to rate the video game merchandise retail company at “underperform”. His $5.0 price objective suggests about a 60% downside from here. He remains super dovish on GameStop stock as it needs more than cost cuts to boost profitability. Pachter even forecasts the firm’s demise by 2029 if its revenue continues to sink at the current pace of up to $200 million. In late March, $GME reported its finan...
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Tesla Inc (NASDAQ: TSLA) is in focus today after Elon Musk – its chief executive said Warren Buffett should take a stake in his electric vehicles behemoth. Here’s what Musk wrote on ‘X’ todayThe legendary investor and chairman of Berkshire Hathaway Inc “should take a position in Tesla. It’s an obvious move”. That’s what Musk wrote in a post on “X” on Monday. His comment arrives only days after the multinational conglomerate said it trimmed its stake in Apple Inc by some 13% for tax reasons in the first quarter. Berkshire Hathaway also published its Q1 earnings report over the weekend that you ...
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Rivian Automotive Inc (NASDAQ: RIVN) is in focus today after it named Javier Varela is new chief operations officer. Who is Javier Varela?Varela will replace Frank Klein at the electric vehicles company who’s quitting after two years in that role. He has most recently served in a similar role at Volvo Cars. The 59-year-old executive expressed admiration for Rivian’s “commitment to pushing the industry forward with technologically advanced, highly innovative vehicles” in a press release on Friday. Note that Varela will assume the role of COO at the EV firm in August. The news arrives only days ...
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Coinbase Global Inc (NASDAQ: COIN) has done exceptionally well over the past three months but it may be as far as its shares go at least in the near term. Ryan Lee shares his view on BitcoinThe crypto stock has outperformed this year partially on the back of a sharp rally in Bitcoin. But there’s reason to believe that the world’s largest cryptocurrency by market cap will pullback in May, says Ryan Lee – the chief analyst at Bitget. From the perspective of Fed Net Liquidity, market liquidity is significantly tightening, which may lead to average performance for BTC in May. Options market, he ad...
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Cruise lines served a total of 31.7 million passengers last year – up significantly from 4.8 million only in 2021. Simply put, the industry has made an exceptionally strong comeback after the pandemic. Having said that, here is our list of undervalued cruise stocks that could gain in 2024 as the passenger number continues to climb. Carnival Corp (NYSE: CCL)Carnival is worth buying at about $14.50 a share as it’s down nearly 20% versus its year-to-date high in early January. It’s on our list of top undervalued cruise stocks to buy in 2024 also because it’s the world’s largest cruise company kno...
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Trump Media & Technology Group Corp (NASDAQ: DJT) opened in the red this morning after the Securities & Exchange Commission charged its auditor with “massive fraud”. BF Borgers barred from practicing as an auditorThe malpractice of Benjamin Borgers and his firm BF Borgers CPA affected over 1,500 filings in total for which the federal regulator permanently barred the auditor today from working as an accountant. BF Borgers and its owner will also pay civil penalties worth $14 million, the SEC confirmed in a statement on Friday. In April, Benjamin Borgers’ firm was blocked from accepting new clie...
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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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