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Business, Stocks

“Cisco cutting 7% of workforce, reports earnings and revenue beat for quarter”

August 22, 2024

“Cisco reported its third straight quarter of declining revenue, wrapping up its first full fiscal year drop since 2020. The company said it’s cutting 7% of its global workforce. Earnings and revenue topped analysts’ estimates. Prior to Wednesday’s close, the… Continue Reading…

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Business, Stocks

AMC Update: 34.69 TRILLION Tokenized shares! The Amount Of Fraud Is Insane.

August 21, 2024

“Token Total Supply: 34,690,000,000,000.00 Total Token Holders: 2,933…” https://etherscan.io/token/tokenholderchart/0x426a688eE72811773eB64F5717A32981B56F10c1 This blows the fraud of FTX out the water. It looks like child’s play in comparison. “Did Sam Bankman-Fried’s FTX ‘Manipulate’ AMC Stock? …The Chainsaw had previously reported that it had discovered a… Continue Reading…

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Business, Stocks

“S&P and Moody’s downgrade JetBlue amid $3 billion debt raise, shares sink”

August 20, 2024

“…Shares of the New York-based company plummeted 19%. JetBlue intends to raise $1.5 billion through a private offering of senior secured notes and an additional $1.25 billion via a term loan, secured by TrueBlue. It also plans to raise $400… Continue Reading…

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Stocks

“TSMC Sales Soared 45% in July on Strong AI Demand, Shares Gain”

August 14, 2024

“…Sales for the month reached NT$256.95 billion ($7.9 billion). For the third quarter, analysts project TSMC revenue should grow 37% to NT$747.4 billion, with the July result suggesting TSMC may surpass those expectations…” https://finance.yahoo.com/news/tsmc-sales-grow-45-july-054146804.html

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Stocks

“Under Armour shares surge 20% after posting ‘better than feared’ quarterly sales”

August 14, 2024

“…Here’s how the athletic apparel company did in its fiscal first quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG: In the three months ended June 30, Under Armour reported a loss of… Continue Reading…

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Stocks

“Shopify shares soar 17% after earnings top expectations, company gives upbeat forecast”

August 14, 2024

“…Here’s how the company did compared with what Wall Street was expecting, based on a survey of analysts by LSEG: The company said gross merchandise volume, or the total volume of merchandise sold on the platform, jumped 22% during the… Continue Reading…

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Stocks

“Intel Crashed 30%. Is the Stock a Sell or a Bad-News Buy?”

August 12, 2024

https://finance.yahoo.com/news/intel-crashed-30-stock-sell-091500373.html I’m not going to read this. I don’t think it is. My opinion on long term stocks is unless its energy or commodes in general its better to wait to invest after the market crashes. There are exceptions but… Continue Reading…

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Stocks

“Lumen Technologies Stock Jumped 93%. 3 Reasons Why.”

August 12, 2024

“Lumen Technologies… shares soared after the telecommunications company said it had secured $5 billion in new deals. And there’s a raft of other positive news that seems to be driving the stock… Lumen shares were up 43% in Wednesday’s premarket. The… Continue Reading…

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Stocks

“Morgan Stanley Predicts up to ~230% Surge for These 2 ‘Strong Buy’ Stocks”

August 12, 2024

“CervoMed (CRVO) The first Morgan Stanley pick we’ll look at is CervoMed, a clinical-stage medical research firm specializing in neurodegenerative diseases and conditions… Overall, the analyst expects positive clinical results and rates CRVO an Overweight (i.e., Buy). His $35 price… Continue Reading…

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Banking, Stocks

“SoftBank shares tank near 19%, wiping off $4.6 billion from founder Masayoshi Son’s fortune”

August 12, 2024

“SoftBank Group shares tanked nearly 19% on Monday amid a global sell-off, wiping off billions of dollars from founder Masayoshi Son’s fortune. On Monday, Son’s net worth fell by $4.6 billion alone, according to the Forbes real-time billionaires list. Monday’s… Continue Reading…

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