Shares of Dell Technologies (NYSE: DELL) were taking a dive today as the company reported only modest growth in its first-quarter earnings report and guidance for the rest of the year disappointed. As a result, the stock was down 19.6% as of 1:29 p.m. ET. Image source: Getty Images. Dell misses the mark Dell has […]
Starbucks (NASDAQ: SBUX) is a premium brand that has become ingrained in many people’s daily routine. But the company’s recent quarter showed that even the best consumer companies can go through a difficult time. In fact, Starbucks’ recent results were downright dreadful. Still, the 50-year-old brand has been through tough times before and has always […]
Shares of Nvidia (NASDAQ: NVDA) briefly tumbled today, falling as much as 10.7% early in the trading session, but recovered those losses throughout the morning to finish the session down just 1.7%. The catalyst for the movement was comments from famed billionaire investor Stanley Druckenmiller. Image source: Getty Images. What did Druckenmiller say about Nvidia? […]
Shares of Medical Properties Trust (NYSE: MPW) fell in Monday trading, down 7.7% as of 1:39 p.m. ET. The medical property real estate investment trust (REIT) has been see-sawing this year after a disastrous 2023 in which long-term interest rates rose and its largest tenant encountered severe financial problems that caused it to stop paying […]
Shares of Starbucks (NASDAQ: SBUX) plunged nearly 16% following a lackluster fiscal second-quarter earnings report. The stock is now down about 35% over the past year. Let’s look at why Starbucks stock fell, what its turnaround plans are, and whether now is a good time to buy the stock. Troubles in China and the U.S. […]
On Monday, SoFi (NASDAQ: SOFI) reported earnings, beating analysts’ estimates and raising its annual earnings guidance. However, that didn’t stop the stock from falling over 10% after its announcement. The fintech’s quarterly growth was solid, but there were concerns about the slowing growth rate along with a disappointing forecast for the second quarter. Here what […]
Meta Platforms (NASDAQ: META) has been one of the best-performing stocks on the market since the beginning of 2023, gaining more than 300% at one point. However, that momentum didn’t help the social media giant Wednesday night after it reported first-quarter earnings. Meta stock plunged 15% after hours on the update, even though first-quarter results […]
Shares of internet browser company Opera Ltd. (NASDAQ: OPRA) were falling in Thursday trading, down 8.6% as of 2 p.m. ET. Opera reported earnings last night, and while revenue slightly beat expectations, earnings per share (EPS) missed. The company is spending heavily on a new artificial intelligence (AI) cluster, much like other big tech companies […]
Shares of steelmaker Cleveland-Cliffs (NYSE: CLF) were falling hard in Tuesday trading, down 9.7% as of 2:10 p.m. ET. Investors apparently took exception with Cliffs missing on revenues and earnings per share in its first-quarter results, which were reported last night. However, the miss appears to be due to an unusual issue with one of […]
After soaring through 2023, Tesla‘s (NASDAQ: TSLA) fortunes have suddenly changed in 2024. The EV stock was the worst-performing stock on the S&P 500 in the first quarter, plagued by a disappointing earnings report, price cuts in the EV industry, and broader concerns about high interest rates weighing on demand. The stock continued to slide […]
Shares of Arm Holdings (NASDAQ: ARM) were taking a dive today, getting hit for the third day in a row on disappointing news on the artificial intelligence (AI) front. After ASML and Taiwan Semiconductor Manufacturing both fell on their earnings reports on Wednesday and Thursday, dragging down Arm and other AI stocks, today Super Micro […]
It’s rare for a $2 trillion stock to fall on no direct news, but that’s exactly what happened to Nvidia (NASDAQ: NVDA) today. Shares of the AI chip leader got swept up in a broader AI sell-off after one analyst noted that Super Micro Computer (NASDAQ: SMCI), another AI stock leader, failed to report preliminary […]