Tech Futures Market Experiencing Rally as ‘Magnificent Seven’ Stocks Soar
Today, the tech futures market is experiencing a rally as Meta Platforms, formerly known as Facebook, skyrockets, and Amazon jumps. The so-called ‘Magnificent Seven’ stocks, including Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms, and Tesla, have shown significant…
Meta Reports Better-Than-Expected Fourth-Quarter Earnings
Meta, formerly known as Facebook, has reported better-than-expected results for its fourth-quarter earnings, causing a 15% surge in its shares during extended trading. The tech giant also announced its first-ever dividend payment, marking a significant milestone for the company. The…
Qualcomm Reports Impressive Fiscal First-Quarter Results
Qualcomm, the renowned chipmaker, has reported impressive fiscal first-quarter results with a significant surge in handset chip sales, signaling a potential recovery in the smartphone market. The company’s earnings per share stood at $2.75, surpassing the expected $2.37, while revenue…
Starbucks quarterly earnings and revenue miss Wall Street expectations
Starbucks reported quarterly earnings and revenue that missed Wall Street’s expectations as both domestic and international sales fell short of estimates. CEO Laxman Narasimhan said on the company’s conference call that the chain faced “headwinds,” including a boycott in the…
Tech and Retail Stocks Surge After Hours
Stocks in the technology and retail sectors experienced significant movement after hours on Tuesday. Leading the pack were Microsoft, Alphabet, Starbucks, and AMD, among others. Microsoft saw a 3% surge after reporting its fiscal second-quarter earnings, surpassing Wall Street’s expectations….
Notable Companies Set to Report Earnings After Market Close
Several notable companies are set to report their earnings after the market close today, with earnings consensus as follows: Microsoft (MSFT) with a consensus of $2.57, Alphabeth (GOOGL) with a consensus of $1.47, AMD (AMD) with a consensus of 71c,…
Cleveland-Cliffs Inc. Reports $155 Million Loss in Fourth Quarter
Cleveland-Cliffs Inc. (CLF) has reported a loss of $155 million in its fourth quarter, according to the company’s latest financial statement. The Cleveland-based mining company posted a per-share loss of 31 cents, which, when adjusted for one-time gains and costs,…
Super Micro Computer (SMCI) Outperforms Nvidia in Stock Market
Super Micro Computer (SMCI) has been making waves in the stock market, outperforming even the likes of Nvidia, the AI chip superstar. With a staggering 67% increase in 2024 and a total gain of nearly 500% since the end of…
U.S. Stocks Trade Higher with Alaska Air Group, Inc. Leading the Way
U.S. stocks traded higher on Thursday, with the Dow Jones gaining around 50 points. Alaska Air Group, Inc. (ALK) was among the big stocks moving higher as it posted upbeat earnings, joining other major companies such as Xerox, United Rentals,…
Western Digital Reports Q2 FY2024 Results, Expects Revenue to Surpass Analysts’ Estimates Next Quarter
Western Digital (NASDAQ: WDC) has reported its Q2 FY2024 results, meeting analysts’ expectations with a revenue of $3.03 billion, down 2.4% year on year. The company also provided an optimistic sales guidance for the next quarter, expecting revenue to reach…