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PLXS earnings call for the period ending July 3, 2021.
Shares of online retail stocks were taking a beating in Friday trading, with Shopify (NYSE: SHOP) stock falling by 5.2% through 2:37 p.m. EDT, MercadoLibre (NASDAQ: MELI) down by 4.5%, and e-commerce leader Amazon.com (NASDAQ: AMZN) off by 2.3%. As it reported Friday morning, analyst Stephen Ju at Swiss mega-bank Credit Suisse cut his price target on Amazon shares by more than 10% to $4,200, based on his estimate that Amazon will earn only $70.98 per share this year and $79.83 per share next year. Credit Suisse's new earnings projections reflect a reduction of 12% this year, and a staggering 33% reduction in expectations for 2022.
The Dow Jones rallied despite Intel earnings. EV leader Tesla passed a buy point. Donald Trump SPAC exploded to a massive gain.
International Business Machines (NYSE:IBM) delivered another set of lackluster results on Wednesday when third quarter results were announced. While returns remain uninspiring, the current valuation may offer an opportunity.
it took Twitter more than a decade to turn a profit. Can Trump's new social-media platform do better?
Digital World Acquisition (NASDAQ: DWAC) and Phunware (NASDAQ: PHUN) skyrocketed on Friday, as excitement for former President Donald Trump's new media company continued to build among investors. On Wednesday, Digital World Acquisition announced a deal to merge with Trump Media & Technology Group. The combined company intends to launch a new social network to compete with the likes of Facebook and Twitter.
Shares of a wide number of digital advertising stocks took it on the chin Friday. Programmatic advertiser PubMatic (NASDAQ: PUBM) was down as much as 14.3% on Friday, sell-side platform Magnite (NASDAQ: MGNI) was off by 13.8%, online advertising technology specialist Criteo (NASDAQ: CRTO) was down as much as 10.5%, and digital advertising kingpin The Trade Desk (NASDAQ: TTD) was off as much as 9.6%.
Matt Bryson, Wedbush SVP, Equity Research, discusses Intel Q3 earnings beat and weak future outlook amid the ongoing chip shortage.
Raising tax rates on corporations and high-income households is a key part of Democrats’ plan to pay for their proposed multi-trillion-dollar social spending plan, but opposition to that approach from Sen. Kyrsten Sinema of Arizona has sent lawmakers scrambling to find alternative ways to offset costs. Given Sinema’s resistance, there’s a growing chance that the corporate income tax rate could remain untouched in the Democratic budget bill. Even the compromise rate of 25% reportedly preferred by
This tiny, money-losing Trump-linked software company has a stock that is surging, but what's behind all this PHUN?
Tesla stock hit a new all-time high in Friday trading, and closed at a record. Shares also got a boost Friday from a credit upgrade at S&P. Tesla debt is now BB+ rated, one notch below investment grade. Tesla stock’s new 52-week intraday high is $910 on the nose.
Traders shrugged off Chipzilla's fantastic bottom-line profits and inspiring long-term growth plan to focus on the massive costs of bringing that vision to life.
ARK’s daily email disclosure revealed the firm has bought 2.1 million shares in Skillz, worth an estimated $20.8 million.
David Tepper, billionaire investor and one of the world’s top hedge-fund managers, isn't a fan of the stock market, right now.
Good news for a rival's coronavirus vaccine compounds worries about the company's shot.
GameStop and AMC Entertainment slump as Trump's unconsummated SPAC deal grips the psyche of Reddit.
The maker of plant-based meat substitutes released preliminary results for the third quarter, warning that its growth would fall far short of its forecast. Beyond Meat said in a press release that the company was reducing its third-quarter net revenue outlook after reviewing its preliminary results. This marks a sharp deceleration from the company's recent growth rate.
A recent study found that 40% of American adults don’t have enough non-retirement savings to cover even one month of living expenses, and less than a quarter have liquid savings worth more than three months of their family income. While that timeframe can vary based upon your role, location, and industry, you need to be prepared to cover your living expenses for at least that amount of time—and preferably more.
(Reuters) -Many people are passionate about climate change, but not everybody should drive a battery electric vehicle as a means to combat climate change, Toyota Motor Corp Chief Scientist Gill Pratt said on Thursday at the Reuters Events Automotive Summit. Pratt's comments, during a discussion on electric vehicles, appeared to amplify remarks made over the past year by Toyota President Akio Toyoda. Toyoda and other company officials have said that electric vehicles will play a greater role in reducing emissions, but other solutions should be used, Toyota's gasoline-electric hybrid models or hydrogen-powered fuel cell electric vehicles.
Shares of Progenity (NASDAQ: PROG) were up more than 24% on Friday. The biotech company is developing a test called Preecludia that rules out preeclampsia, a pregnancy-related blood pressure disorder, while also specializing in gastrointestinal drugs and oral biotherapies. The stock has been a favorite of retail investors looking for a short squeeze.
Earlier today, Bitcoin (CRYPTO: BTC) flash crashed to $8,000 on Binance U.S., the American trading platform of the world's top crypto exchange Binance. What Happened: According to Binance U.S. market data, the Bitcoin to the U.S. dollar trading pair on Binance U.S. flash crashed within a minute from $65,815 to $8,200. This translates to a drop of 87% for the world's top cryptocurrency on the exchange according to cited market data. Popular Twitter trader Crypto Chase said "well done Binance U.S.