Robinhood Markets Inc (NASDAQ:HOOD) is gearing up to announce its second-quarter earnings on Wednesday after the market closes. Investors are eagerly anticipating the results as they could shed light on retail trading activity. Let’s delve into what can be expected. Robinhood By The Numbers: The company, headquartered in Menlo Park, California, is projected to report…
Uber has reached a momentous milestone, achieving its first-ever operating profit. The American ride-hailing giant, Uber Technologies Inc (NYSE: UBER), has successfully transitioned into a profitable enterprise, as evidenced by its latest financial results. The company reported pre-tax earnings of $326 million (£255 million), a remarkable turnaround from the previous year’s operating loss of $713…
Palantir Technologies Inc (NYSE:PLTR) experiences wild fluctuations in shares as positive momentum continues post a recent surge. The surge was prompted by favorable remarks from Wedbush analysts, generating excitement among investors. Wedbush analyst Dan Ives made an impressive entrance by initiating coverage on Palantir last Friday, issuing an Outperform rating along with a $25 price…
Bernstein’s outlook for Nvidia appears more positive, bolstered by the latest news from major cloud-computing vendors regarding their AI spending plans. The technology analysts at Bernstein downplayed short-term and medium-term risks of an AI infrastructure oversupply leading to a potential boom and bust cycle for Nvidia’s semiconductors. Instead, they see robust customer demand for Nvidia…
Apple, Inc (NASDAQ:AAPL) exhibited a 1.6% increase on Friday, following a predominantly upward trajectory within a rising channel pattern. The Cupertino, California-based company’s current pattern indicates a bullish outlook, at least for the short-term. Additionally, Apple is currently trading within an inside bar pattern, signaling a period of consolidation that typically precedes a continuation of…
Microsoft Corp (NASDAQ: MSFT) stock is experiencing gains on Friday as it highlights the significant role of graphics processing units (GPUs) as a critical raw material for its expanding cloud business, specifically in enabling AI capabilities. The company’s annual report addressed GPUs as a risk factor, citing potential outages if the necessary infrastructure is not…
NVIDIA Corp (NASDAQ: NVDA) is enjoying a boost in its stock price today, thanks in part to the positive quarterly results from Meta Platforms Inc. (NASDAQ: META). In an impressive second-quarter performance, Meta Platforms reported a revenue of $32 billion, marking an 11% year-over-year increase and surpassing the Street’s consensus estimate of $31.12 billion. The…
AbbVie Inc (NYSE: ABBV) delivered its Q2 earnings report with noteworthy figures, showing resilience amid challenging conditions. Adjusted EPS for the quarter stood at $2.91, which, despite being down 13.6% year-over-year, surpassed the consensus estimate of $2.80. The company’s overall sales experienced a decline of 4.9% year-over-year (or 4.2% on an operational basis), totaling $13.87…
The market is abuzz with enthusiasm as Canopy Growth Corporation (NASDAQ:CGC) shares exhibit a strong upward trend on this eventful Wednesday. An interesting observation is that the stock seems to be closely influenced by the performance of Tilray Brands, Inc. (NASDAQ:TLRY). Tilray has recently released its fourth-quarter and fiscal year 2023 financial results, surpassing analysts’…
The trend of mega cap growth stocks splitting shares continues. Tesla (TSLA) plans to ask shareholders to authorize additional shares to enable a stock split at this year’s annual meeting. This would mark the second split for the TSLA in two years. The Pavlovian response has been to buy the stock on these announcements. Do…
