Quick Look: Dell’s shares climbed 8.6%, marking a 67% rise in 2024 and 214% over the past year. Completed a historic $60 billion merger with EMC, expanding market footprint. Analysts rate the company as a ‘Moderate Buy,’ with a target price of around $102.88. In the whirlwind of today’s trading, Dell Technologies Inc. (NYSE: DELL) …
Dell Skyrockets 8.6% to $128.58, Up 214% This Year Read More »
Quick Look: Tesla (TSLA) faces its first annual sales decline amid fierce EV competition. Production at 433,000 vehicles; deliveries fell to 387,000 units. Price cuts strain profit margins, and TSLA’s stock drops sharply. Production issues include Model 3 updates and factory disruptions. Recently Tesla has encountered its first annual sales decline since the onset of …
Tesla Faces 1st Annual Sales Drop Amid EV Battle Read More »
Quick Look: Micron’s stock hit a record high of $127.38, a 53% gain YTD, fueled by the AI sector growth. Bank of America raises the company’s price target to $144, citing potential in HBM chip technology. Analyst consensus rates Micron a ‘Strong Buy’, with an average price target of $129.96. According to insider sales, institutional …
Quick Look: Short interest in CCL Industries Inc. jumped 19.6%, signalling increased market caution. Carnival Co sees mixed stakeholder actions and a cautious but optimistic analyst outlook. Carnival’s financials suggest a slow recovery, with revenue growth of 22% year-over-year. Both companies face challenges and opportunities navigating the stock market’s uncertain waters. Mid-March brought a noticeable …
CCL’s Stock Surges 19.6% Amid Market Fluctuations Read More »
Quick Look: Estee Lauder (NYSE: EL) shares soared 6.2% on Thursday, hitting $154.10. Bank of America Securities upgrades Estee Lauder to Buy, raises target to $170. Strategic shift reduces reliance on China and travel retail, enhancing growth prospects. Estee Lauder (NYSE: EL) captured the market’s attention with a remarkable 6.2% surge in its stock price. …
Estee Lauder Surges 6.2%, Targets $170 After Upgrade Read More »
Quick Look: CVA Family Office LLC snaps up 4,559 shares of Ford Motor. Norges Bank makes a $419,237,000 new stake in Ford Motor. Institutional ownership of Ford’s stock stands at 58.74%. Ford Motor Company is a staple of American industry and a bellwether for the automotive sector. The industrial giant recently saw significant investment activity …
Ford Motor’s $419M Investment Boom: A Detailed Look Read More »
Quick Look: Domino’s stock surges by 8.32% over the past week, hitting a new 52-week high of $480.94 Analysts elevate Domino’s Pizza to a Moderate Buy, with a revised average price target of $441.79 Robust quarterly earnings with an EPS of $4.48, surpassing estimates Domino’s Pizza Inc (DPZ) has recently carved out a noteworthy chapter …
Domino’s Stock Hits 52-Week High, Up 8.32% in a Week Read More »
Quick Look: JPMorgan initiates coverage on Super Micro Computer Inc. with an “overweight” rating. Predicts stock price to climb 18% to $1,150 by December 2024. Super Micro aims to capture 10%-15% of the AI server market, which is set to expand to $283 billion by 2028. Quarterly earnings beat estimates with $5.59 EPS and $3.66B …
Super Micro: Poised for 18% Stock Surge by Dec 2024 Read More »
Quick Look: Oppenheimer reaffirms FedEx stock rating, while Barclays boosts target price to $350.00. FedEx announces a quarterly EPS of $3.86, surpassing estimates, and initiates a $5.00 billion stock repurchase plan. Corporate insiders and institutional investors show strong confidence in FedEx, owning a significant portion of the stock. Recent movements in analyst ratings and price …
FedEx Soars with $5B Buyback & $350 Price Target Read More »
Quick Look Reddit priced on Wednesday with a share price of $34, totalling a valuation of approximately $6.5 billion. Shares to commence trading under the ticker symbol “RDDT” on the New York Stock Exchange. Monthly Active Users as of December stand at about 76 million across approximately 100,000 communities. Reddit, a social media titan, has …
Reddit’s $6.5B IPO Debut: Trading Begins on NYSE Read More »
Quick Look: S&P 500 achieved an 18th record close of 2024 at 5,178.51, up by 0.6%. The Dow Jones Industrial Average ascended by 0.8%, marking its highest movement since February 22, 2024. Nasdaq Composite increased by almost 0.4%, with Nvidia’s shares rising post-AI conference announcements. The stock market presented an impressive performance on Tuesday, underscoring …
S&P 500 Hits 18th Record Close of 2024, Movement Up 0.6% Read More »
Quick Look: Baidu (BIDU) ranks #6 out of 16 in the Computer and Technology group. Zacks Rank: Baidu holds a Zacks Rank of #1 (Strong Buy). Earnings Estimate Revision: This quarter, Baidu’s full-year earnings estimate increased by 9.18%. Year-to-Date Performance: Baidu has seen a 7.07% gain, surpassing the sector’s average. Industry Performance: Baidu outperforms the …
Baidu’s 2023 Financial Leap: A 9.18% Earnings Surge Read More »
Quick Look Foxconn Q4 2023 Net Profit soared to NT$53.1 billion, marking a 33% increase. 2024 revenue is expected to jump over 40%, with a keen eye on AI servers. AI server market may see a 30% annual growth through to 2025. Shares hit a three-year peak at NT$132.50 after the earnings report. Expansion into …
Foxconn Soars 33%, Eyes 40% Growth with AI Focus in 2024 Read More »
Quick Look Getty Images experiences a marginal revenue drop from Q3 2022 to Q3 2023. Significant growth in image and video collections and nearly doubling of active annual subscribers. Q4 revenue is forecasted to fall, with management guiding lower than analyst expectations. Stock prices rise from $4.96 to $5.28 The introduction of Generative AI by …
Getty’s Q4: Revenue Dip & AI Shift Amid 525M Images Read More »
Quick Look Kanzhun Ltd (NASDAQ: BZ) shares jumped 18.8%, reaching $20.79. Q4 revenue hit 1.58 billion yuan, up 46% year-over-year. Non-GAAP net income reached 628.6 million yuan. Guidance for Q1 2024 forecasts revenue between 1.64 – 1.67 billion yuan. Announced a $200 million share repurchase program starting March 20, 2024. Kanzhun Ltd, a leading player …
Kanzhun’s Stock Up 18.8% with Q4 Revenue Jumping 46% Read More »
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