Autodesk (ADSK) investors have been anxiously awaiting an update since April 1 of this year after the company became aware of potential discrepancies in its free cash flow and non-GAAP operating margin practices. This led to the delay of its 10-K for fiscal year 2023 pending a full investigation into the issue, resulting in [...]
While all eyes are on stocks like NVDA, META, GOOG, and other companies staking their claims in the AI race, not enough emphasis has been placed on Broadcom (AVGO). The semiconductor and infrastructure manufacturer is well positioned to profit from this emerging technology. In fact, the company delivered second-quarter results yesterday and reported $3.1 [...]
Yesterday, Apple (AAPL) gained more than 5% to take shares to as high as $207, crossing the $200 threshold for the first time ever. They’ve picked up where they left off today, up another 5% for more than 11% on the week. The stock is currently sitting at $217/share. All this comes after the [...]
CrowdStrike (CRWD) is up 9% to start the week after delivering strong first-quarter earnings on the top and bottom lines. The stock is now up 154% in the past year and 51% through 2024 thus far. The cybersecurity company reported a 33% growth in revenue to $921 million, easily surpassing the forecast it set [...]
Shares of PayPal (PYPL) have risen roughly 7% in the past week, 5.5% of which came yesterday in the stock’s best performance since the very start of the year. There are a few things moving PYPL higher: 1) a bullish outlook by the company’s CEO and 2) investor excitement about new products being rolled [...]
Shares of Nvidia Corp. (NVDA) are up slightly in Wednesday morning trading as Elon Musk spoke to Tesla about relying on the company’s chips for its electric vehicles. Musk plans on ordering between $3 billion to $4 billion worth of chips throughout this year for Tesla, which will make up nearly two-thirds of the [...]
Online pet product retailer Chewy Inc. (CHWY) skyrocketed 30% last week after reporting an impressive first-quarter performance on both the top and bottom lines. The company’s sales were up 3% to $2.88 billion, driven in part by growth in auto-ship orders of 6%. Meanwhile, improvements in net sales per active customer of 10% suggest [...]
Gap Inc. (GPS) delivered an impressive Q1 performance, beating the analyst consensus on both the top and bottom lines. The stock has climbed 26% so far in Friday’s trading session in response. Sales grew 3% to $3.4 billion in the first quarter, driven in part by stronger sales in the Old Navy brand. Analysts [...]
Wall Street darling Nvidia (NVDA) is set to declare its earnings results for the first quarter tomorrow on Tuesday, May 22nd. The stock is up more than 2% so far today and nearly 5% in the past week as shareholders are anxiously anticipating an earnings beat. According to one analyst, the writing is already [...]
Walmart Inc. (WMT) is up more than 6% through this past week after delivering an impressive Q1 earnings performance coupled with an upbeat outlook for the full year. America’s quintessential discount retailer grew revenue by 6% to $161.51 billion, surpassing the FactSet consensus of $159.57 billion. The company saw a 21% uptick in e-commerce [...]
