Reported about 1 month ago
The restaurant sector has experienced a downturn as consumers shift toward better value choices amidst rising prices in quick service restaurants. Analysts suggest focusing on high-end concepts like Sweetgreen and Cava, which have performed well, while traditional fast food brands face challenges. Notably, Papa John's, under new leadership, is seen as a promising investment due to its new strategies aimed at fostering franchise growth and enhancing consumer offerings.
Source: YAHOO
Reported about 1 month ago
Morgan Stanley's Dan Skelly discusses the recent market volatility and its relation to the upcoming election, suggesting it may be closer than anticipated. While the market is currently recovering from recent dips, he expects continued fluctuations driven by economic fundamentals and election narratives.
Source: YAHOO
Reported about 1 month ago
Wedbush has revised its price target for Lululemon, bringing it down from $400 to $324, anticipating potentially lower guidance in the near future. Despite this adjustment, the firm continues to maintain an Outperform rating on the stock.
Source: YAHOO
Reported about 1 month ago
Vice President Kamala Harris's proposal to tax unrealized capital gains, inherited from President Joe Biden, faces scrutiny as it targets predominantly wealthy Americans. While the policy aims to have minimal impact on the majority, its acceptance in Congress remains uncertain.
Source: YAHOO
Reported about 1 month ago
As the Federal Reserve prepares to cut interest rates, potential market upheaval looms from the 2024 election, with Innovator Capital Management’s Tim Urbanowicz noting that historical trends suggest heightened volatility approximately 60 days before elections. He urges caution, stating that although new policies may arise, there's no need to alter investment strategies in anticipation of these changes. Urbanowicz emphasizes that this electoral season is likely to contribute to market fluctuations heading into fall.
Source: YAHOO
Reported about 1 month ago
Salesforce exceeded analysts' expectations for its second-quarter revenue and profit, reporting $9.33 billion in revenue, aided by rising enterprise cloud spending. While shares climbed over 4% post-announcement, the company forecasted lower-than-expected revenue for the third quarter, indicating challenges in fully recovering cloud demand as its growth rate has slowed. Additionally, CFO Amy Weaver announced plans to step down, but will remain until a successor is found.
Source: YAHOO
Reported about 1 month ago
CrowdStrike has reduced its revenue and profit forecasts following a significant outage impacting Microsoft Windows devices due to a faulty software update. The incident has delayed existing deals and is expected to affect business for about a year. Despite the downturn, the company anticipates future growth, highlighting ongoing investment in cybersecurity amidst rising digital threats.
Source: YAHOO
Reported about 1 month ago
HP Inc. reported mixed results for its third quarter, with adjusted earnings of $0.83 per share falling short of expectations of $0.86, while revenue rose to $13.5 billion, surpassing predictions of $13.37 billion.
Source: YAHOO
Reported about 1 month ago
Bitcoin has recently dropped below $60,000, alongside Ethereum and other altcoins, raising concerns about its future. IDX Advisors' Ben McMillan shares insights on potential risks, suggesting that whether Bitcoin can reach $73,000 depends heavily on macroeconomic conditions and the possibility of a recession, making it a 'coin flip' at this point.
Source: YAHOO
Reported about 1 month ago
Nvidia reported impressive Q2 earnings, with adjusted EPS of $0.68 and revenue of $30 billion, surpassing analyst forecasts. The company expects Q3 revenue to reach $32.5 billion, driven by robust growth in its data center business. Despite a 3.5% drop in after-hours trading, Nvidia's CEO highlighted 'incredible' demand for its upcoming Blackwell chip and announced a $50 billion increase in share buybacks, underscoring its dominant position in the AI chip market.
Source: YAHOO
Reported about 1 month ago
Berkshire Hathaway, led by Warren Buffett, has become the first U.S. company outside of the tech sector to surpass a $1 trillion market value. Shareholder Eric Lynch notes this milestone reflects the firm's strengths in adapting to high interest rates through its diversified portfolio and operating capacities, making it more resistant to economic shifts compared to traditional banks. Lynch highlights Buffett's investment strategies and substantial cash reserves as key advantages for leveraging future market opportunities.
Source: YAHOO
Reported about 1 month ago
On Wednesday, tech stocks led a market decline as investors anticipated Nvidia's earnings report, pivotal for reinforcing market confidence. The Dow Jones fell nearly 0.4%, S&P 500 dropped about 0.6%, and the Nasdaq fell over 1.1%. Nvidia's report exceeded earnings expectations but its shares slipped over 5% in after-hours trading, raising concerns amidst a backdrop of volatility in the tech sector.
Source: YAHOO
Reported about 1 month ago
Nvidia exceeded expectations in its Q2 earnings, reporting adjusted earnings of $0.68 per share and revenues of $30 billion compared to estimates of $0.64 and $28.86 billion respectively. The company's data center revenue also surpassed estimates. Looking ahead, Nvidia anticipates Q3 revenues of approximately $32.5 billion. Additionally, production of its Blackwell chips is expected to ramp up in Q4, with an ongoing commitment to enhancing production yield.
Source: YAHOO
Reported about 1 month ago
Shares of Super Micro Computer (SMCI) experienced a significant decline after the company announced a delay in filing its annual report, prompted by allegations of 'accounting manipulation' from short seller Hindenburg Research. The development raises concerns about the company's future.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
HP Inc. announced an earnings miss for its latest quarter, but CEO Enrique Lores expressed confidence in improved future results driven by AI PCs and aggressive cost cuts, particularly in the printing sector. The company is implementing a $1.6 billion cost-reduction strategy, with mixed sales results observed—consumer PC sales dipped 1%, while commercial sales rose 8%. However, challenges remain in the printing division, where sales dropped 3% year-over-year amid competitive pressures.
Source: YAHOO
Reported about 1 month ago
Source: INVESTORS
Reported about 1 month ago
Super Micro Computer's stock dropped 19% after the company announced a delay in filing its annual report, following allegations of accounting manipulation by short seller Hindenburg Research. The firm claimed to have uncovered significant financial irregularities, leading to a significant decline in the stock, which is now over 60% down from its peak earlier this year but still up 50% year-to-date.
Source: YAHOO
Reported about 1 month ago
Casino stocks from major companies like CZR, MGM, WYNN, and PENN are experiencing pressure after the Nevada Gaming Control Board reported a 15% decline in betting revenue on the Las Vegas Strip for July. Market experts discuss the implications and factors contributing to this downturn.
Source: YAHOO
Reported about 1 month ago
After facing backlash for depicting people inappropriately, Google is reintroducing an updated AI image generation tool named Imagen 3 as part of its Gemini Advanced chatbot. The company had previously removed the feature due to criticism over bias in generated images, sparking an uproar from users and notable figures, including Elon Musk. Google now aims to improve user experience and prevent misuse by limiting the generation of identifiable individuals and violent depictions.
Source: YAHOO
Reported about 1 month ago
Li Auto's stock fell after the company reported a 52.3% drop in net income for the second quarter compared to the previous year. Analysts discuss how the reduction in vehicle prices has influenced the automaker’s profitability.
Source: YAHOO
Reported about 1 month ago
With the launch of Apple's iPhone 16 just weeks away, tech consumers are advised to consider if they should purchase the newest device immediately or wait. CNET editor Bridget Carey suggests that while a new phone may not be necessary right now, it's an excellent time for discounted deals on existing Apple gadgets, as retailers clear their stocks ahead of new releases and the upcoming holiday season.
Source: YAHOO
Reported about 1 month ago
Meta Platforms is reportedly developing a mixed reality device codenamed 'Puffin,' aimed at providing a lighter alternative to their existing headsets. This new product, which is still in early development stages and projected for release in 2027, will merge augmented and virtual reality, allowing users to interact with both digital and real-world elements without the need for handheld controllers, instead utilizing hand gestures and eye movements.
Source: YAHOO
Reported about 1 month ago
Source: BARRONS
Reported about 1 month ago
Nvidia is expected to report its fiscal second-quarter earnings soon, which investors view as a critical indicator of the strength of demand for artificial intelligence (AI) infrastructure. Analysts suggest that strong results could signal robust AI spending, positively impacting Nvidia's stock and boosting investor sentiment in the AI sector, where Nvidia has already seen significant growth this year.
Source: YAHOO