Stocks

“Snap shares soar 23% as company beats on earnings, shows strong revenue growth”

“Snap reported first-quarter results on Thursday that beat analysts’ estimates and showed a return to double-digit revenue growth. Shares soared more than 23% in extended trading.   Here’s how the company did:  Revenue for Snap’s first quarter increased 21% from $989 million in the… Continue Reading…

Stocks

“Former Tesla SVP Drew Baglino is selling $181.5 million worth of stock, SEC filing says”

“ …” https://www.cnbc.com/2024/04/25/former-tesla-svp-drew-baglino-is-selling-181point5-million-worth-of-stock.html His sell of stock might not be long term. (over five years) There’s always the possibility of him just wanting to avoid the upcoming stock market crash. It’s going to happen and can’t be avoided. Once the… Continue Reading…

Stocks

“Apple stock will soar 36% as it gears up to launch an AI-enable iPhone, BofA says”

“…Apple stock is a “top pick” for 2024 and has potential upside of 36% as it gears up for the launch of an AI-enabled iPhone, according to Bank of America. The bank reiterated its “Buy” rating and $225 price target for… Continue Reading…

Stocks

“Super Micro Stock Plunges 23% On Lack Of Preliminary Results. It’s A Big Sell Signal.”

“Super Micro stock fell hard after the data-center computer specialist didn’t announce preliminary results for its fiscal Q3…” https://finance.yahoo.com/m/df275135-5e40-3040-8132-e1e68a1e7019/super-micro-stock-plunges-23-.html the market is assuming results will be bad. with such a sharp decline it might be a good idea to watch… Continue Reading…

Business, Stocks

“JetBlue shares tumble nearly 19% after airline lowers 2024 revenue outlook”

“…JetBlue has been on a cost-cutting spree, culling unprofitable routes, and focusing on those with steady demand and high sales for premium seats. The carrier last month called off its merger agreement with budget carrier Spirit Airlines after a judge blocked that $3.8 billion deal… Continue Reading…

Stocks

“$433 Billion Gone! [Apple] Loses More Value Than Tesla”

“Tesla’s loss of $328.3 billion this year in stock value certainly hurts. But it’s amazingly only the second-largest market value loss in the S&P 500. The dubious distinction of shredding the most value this year goes to Apple (AAPL). The Johnny-come-lately to AI’s… Continue Reading…

Stocks

“With Shares Down Nearly 70%… Ultra-High-Yield Dividend Stock”

“NextEra Energy Partners (NYSE: NEP) has gotten the wind knocked out of its sails in recent years. The renewable energy stock has crashed nearly 70% from its peak in early 2022, pushing its dividend yield up to around 13%. A big factor… Continue Reading…

Stocks

“Tesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of Earnings”

“…The company’s shares are weathering the longest rout since late 2022, tumbling nearly 19% over the past seven days, amid doubts about its business strategy as sales of electric vehicles slump… Such concerns have driven the stock down nearly 43%… Continue Reading…

Stocks

“Super Micro Stock Plunges 23% On Lack Of Preliminary Results. It’s A Big Sell Signal.”

“…The San Jose, Calif.-based company says it plans to release its fiscal third-quarter results on April 30 after the market close. However, unlike in recent quarters, it didn’t offer an early look at its results. On the stock market today, SMCI stock dived… Continue Reading…

Economy, Stocks

“Technology stocks show signs of ‘breaking down’ ahead of Big Tech earnings”

“Technology stocks were broadly showing signs of “breaking down,” as the sector struggles in a slump this month that has deepened significantly, according to Bespoke Investment Group.  The S&P 500’s information-technology sector tumbled 7.3% last week, its biggest weekly drop… Continue Reading…