The tech titan has seen its stock price fall in 2022, recently due to production in issues in China.
Arcimoto on Wednesday eliminated one issue in its battle to survive a financial crunch, executing a 1-for-20 reverse stock split that allayed immediate fears of a Nasdaq Global Markets delisting. After resetting from $0.41 to $8.20 overnight in the reverse split, its stock (Nasdaq: FUV) fell more than 9% to $7.45 in Wednesday trading.
This class of tech investors has been battered by the market downturn–but their approach has permanently changed the financing of fast-growth innovation.
Splunk stock spiked as the data analytics company reported third-quarter results that showed a big beat on revenue and earnings estimates.
Beleaguered car seller Carvana continues to face severe headwinds. Known as the "Amazon of used cars," Carvana's shares have been crushed on the stock market, plummeting by a massive 96.84% year-to-date. Shares of the company fell again on Nov. 30 when Bank of America analyst Nat Schindler cut his price target to $10 from $43 and lowered his rating to neutral from buy.
STNG, ADM and HDSN made it to the Zacks Rank #1 (Strong Buy) growth stocks list on December 1, 2022.
Last night CEO Marc Benioff repeatedly mentioned increasing or expanding profitability. He's going to have to really mean it.
ADMA Biologics, Borr Drilling, and Nordic American Tankers lead the momentum category by roughly doubling in the past year while the large-cap Russell 1000 fell 15% and the small-cap Russell 2000 lost almost a fifth of its value.
INSW, TNP and ASC made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on December 1, 2022.
"Moderating the pace and the level of rate increases will allow us to more fully assess the effects of our...actions and the effect they are having on economic activity," Bowman said during a financial services event held in New York. Bowman, who has been a proponent of more swift action to curb inflation than some of her rate-setting colleagues, nevertheless said that inflation data over the last month, while showing price pressures slowing slightly, "are still unacceptably high." In the 12 months through October, the PCE price index increased 6.0% after advancing 6.3% in September.
U.S. financial conditions are easing. That’s putting more pressure on Fed Chief Jerome Powell to temper the expectations of investors who sent the prices of risky assets like cryptocurrencies higher on Wednesday in anticipation of lower rate hikes, as they downplay Powell’s comments that fighting inflation is still the Fed’s priority. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
nCino (NCNO) delivered earnings and revenue surprises of 50% and 1.79%, respectively, for the quarter ended October 2022. Do the numbers hold clues to what lies ahead for the stock?
Veracyte stock had its Relative Strength (RS) Rating upgraded from 87 to 93 Thursday. IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against all other stocks in our database. Veracyte stock broke out earlier, but has fallen back below the prior 28.37 entry from a cup without handle.
Stock futures nudge higher will Powell, jobs data in focus; Powell speech may challenge Fed's new rate hike outlook; Sam Bankman-Fried set for DealBook summit appearance after FTC collapse; Biogen shares jump after promising Alzheimer's treatment data and HPE shares surge after Q4 earnings beat, solid near-term outlook.
Dogecoin has continued a week-long rally on the back of continued speculation it would be integrated into Twitter.
Energy stock Halliburton is in a cup base near a buy point. Strong sales and earnings support price action after Russia divestment.
Raymond James analyst Rick Patel reiterated an Outperform rating on the shares of Skechers USA Inc (NYSE: SKX) and raised the price target from $40 to $48. The analyst continues to believe margins are positioned for strong expansion in 2023. He thinks the underlying demand for SKX remains healthy, and sees significant margin recapture opportunity in 2023. Skechers entered Q4 with excess inventory and was planning to lean into promotions to work through inventory. Promotions are "stoking activity
(Reuters) -DoorDash Inc said on Wednesday it was cutting about 1,250 jobs, or 6% of its total workforce, as the food-delivery company looks to keep a lid on costs to cope with a slowdown in demand.DoorDash, went on a hiring spree to cater to a flood of orders from people stuck at home during the height of the pandemic, but a sudden drop in demand from inflation-wary customers has left the company grappling with ballooning costs. "Given how quickly we hired, our operating expenses - if left unabated - would continue to outgrow our revenue." DoorDash, which has delivery partnerships with Walgreens Boots Alliance and Shake Shack, has about 20,000 employees.
(Bloomberg) -- A key gauge of US consumer prices posted the second-smallest increase this year while spending accelerated, offering hope that the Federal Reserve’s interest-rate hikes are cooling inflation without sparking a recession.Most Read from BloombergMusk’s Neuralink Hopes to Implant Computer in Human Brain in Six MonthsAn Arizona County’s Refusal to Certify Election Results Could Cost GOP a House SeatBeverly Hills Cop Was California’s Highest-Paid Municipal WorkerNew York, Singapore Are
When building your watch list, focus on stocks with an 80 or higher RS Rating. Etsy just cleared that benchmark with an upgrade from 69 to 85. When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.