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Shares of Walmart are surging 5% as the big-box retailer reported adjusted first-quarter earnings of 60 cents per share, topping expectations. Revenue rose to $161.5 billion, beating the $159.5 billion consensus estimate. Walmart said it made big gains in e-commerce and won over more high-income shoppers during the quarter. were... Read More
Tesla (TSLA) is up 3% today after rally 2% yesterday as President Biden is creating new tariffs on Chinese imports that will raise duties on $18 billion in Chinese imports. The new duties on EVs from companies like BYD (BYDDY), Geely (GELYF), and NIO (span... Read More
Apple (AAPL) moving back toward its old high. The stock is up 2% today and up 10% for the month following better than expected earnings two weeks ago. Today, Bernstein's analyst made positive comments on Apple's AI future while Apple is in talks with Google and ChatGPT to embed... Read More
Novavax (NVAX) jumps 100% on a much needed investment. The stock is jumping after a COVID-19 vaccine licensing deal with Sanofi where Sanofi will invest $1.2 billion in the struggling biotech to combine their drugs and resources to provide vaccines together going forward. Novavax stock is still down 97%... Read More
Warner Brothers Discovery (WBD) finally having an up day. The streaming giant is higher on earnings, improved cash flow , 2 million new subscribers, a roll out to 25 more countries and expectations to bundle with Disney this summer to get even bigger. Airbnb (ABNB) is down 7% following... Read More
Lyft (LYFT) gets a lift from earnings. The ride-sharing company rose 7% after beating estimates as sales rose 30.0% to $1.3 billion. Part of the improvement was from lower pricing to gain market share as cancellations were down 50% verse a year ago. Uber (UBER) going in the wrong... Read More
Peloton (PTON) jumps on take over rumors. The exercise bike company that rode high during the pandemic has crashed back to earth over the last several years as people went back outside to work out. Today the stock jumped on private equity rumors to take it private which is... Read More
The chip stocks are performing well today. Micron (MU) is up 5% lifting the group on an upgrade at Robert W. Baird with a $150 price target with meaningful upside earnings and opportunities going forward. Nvidia and AMD are both up 2% or more. Apple (AAPL) is modestly lower... Read More
Amgen (AMGN) having a good day on earnings and clinical trials for their weight loss drug. The biotech is up 12%, one of its best days in years as they beat expectations, but the better news was they are moving injectable obesity drug into a phase 3 trial. One... Read More
Wayfair (W) reports better than expected earnings. The online furniture retailer is u p12% as active customer growth improves while the outlook is better than expected. Margins also continue to improve. This was the sixth straight quarter of share gain. Evercore ISI analyst recently upgraded the stock to Outperform. Restaurant... Read More
New IPO, Viking Holdings (VIK) having a good day. The European river and luxury cruise line company stock is up 8%, raising $1.5 billion in the public offering even as Norwegian Cruise Line reported disappointing quarterly results. Viking is a high-end niche player with smaller ships, no kids,... Read More
Eli Lilly (LLY) remains a standout to the upside. The drug stock is up 5% today, up fr April and up 35% for the year on blow out earnings. revenues rose 26.0% year/year to $8.77 bln as the weight loss drug easily surpassed expectations. Management expects $2 billion in... Read More
Apple (AAPL) gets a rare upgrade. Apple is up 3% ahead of earnings later in the week as a former bearish analyst at Bernstein is turning bullish. The analyst believes the recent sell off is unwarranted and Apple's business in China has held up as the problems there are... Read More
Google (GOOG) is jumping 9%, its best day since July of 2015 as revenue grew 15% to $80.54 billion, its fastest growth rate since early 2022. Google/Alphabet said YouTube advertising revenue and Google Cloud revenue exceeded expectations. Google also initiated it first ever dividend and announced a $70 billion... Read More
Chipotle Mexican Grill (CMG) is up 3% on strong earnings, strong demand and resilient foot traffic while margins expanded. Longer term, Chipotle's goal is to double their business in North America and expanding internationally,
Caterpillar (CAT) is dragging down the Dow and S&P 500. One of the world's biggest...
Read MoreTexas Instruments (TXN) and Tesla (TSLA) are leading the S&P 500. Chipmaker, TI and Tesla are up 6% and 9% respectively. One analyst upgraded Texas Instruments saying the bottom is in for the stock and business supply and demand. Tesla reported better numbers than feared while also accelerating... Read More
Toilette tissue is back. Kimberly Clark (KMB) is up 5% following strong earnings and guidance. The maker of Huggies, Kleenex, Scott and Cottonelle saw strong volume growth. The company also raised guidance for the year. Kimberly Clark will devest some of their portfolio and continue to cost cut to... Read More
Banks are bouncing back. Regional bank, Truist (TFC) is up 3% on earnings. Last week KeyCorp and M&T Bank reported better than expected earnings. Wells Fargo and Charles Schwab are at 52 week highs even as interest rates remain stubbornly high. Read More
Financials look good even as interest rates move higher. American Express (AXP) is up 5% while Wells Fargo rises 2% to a 52 week high. American Express saw sales jump 11% as Gen Z and Millennials use their card more often. A good sign for the economy when a... Read More
Alaska Air (ALK) is jumping 5% following better than expected earnings even though they still reported a loss. The airline operator of the Boeing plane that suffered a mid-air cabin blowout in January expects demand to remain strong with robust travel demand this summer for both domestic and international... Read More
Adidas (ADDYY) jumps 5% on strong earnings and guidance as the company moves away from Yeezy and their remaining stock. Adidas seems to be benefiting from a slowdown at Nike, a lack of recent innovation at Nike price conscious consumers selecting Adidas or Nike. JB Hunt (JBHT) moving... Read More
UnitedHealth Group (UNH) is up 5% lifting the Dow on better than expected earnings. Sales rose 8% nearly topping $100 million. The health insurance giant reiterated its full-year profit outlook despite a surge in medical payouts and a costly cyberattack in the first quarter. Banks continue to pullback even as... Read More
M&T Bank (MTB) is up 5% following better than expected earnings and strong guidance, projecting good interest income for the rest of the year. Goldman Sachs and Charles Schwab are up 3% on earnings as well. Tesla (TSLA) is losing its mojo. The electric car maker is down 3%... Read More
Oil prices and energy stocks are higher as Israel prepares for a possible direct attack by Iran. Oil is higher by 2.5% to a six-month high. Exxon (XOM) is up a percent while Occidental (OXY) is up 2.5%. JPMorgan Chase (JPM) is taking a hit down 5% on... Read More
Apple showing some life today. One of the few big cap techs lower for the year, Apple is up 3% on positive comments about their service business while news also broke they will soon be revamping their Mac lineup with new AI focused M4 chips. Earnings season will start with the... Read More
Not many stocks higher today. Tiawan Semi (TSM) is modestly higher after reporting strong March sales. Nvidia (NVDA) is up 2% on the news from Tiawan Semi. Companies still need their AI chips.
Higher interest rates, not helping the real estate or utility sectors today. Utilities are down 2% while...
Read MoreModerna (MRNA) is higher by 6% to a three month high on positive vaccine data for a certain type of head and neck melanoma cancer in a mid-stage study. Moderna is working with Merck in the vaccine. Merck is actually lower on the day. Nvidia (NVDA) is down 3%... Read More
Taiwan Semiconductor (TSM) moving to the US. One of the largest chip companies in the world is up a percent after the Biden Administration will offer the company $6.6 billion in federal grants to open a plant in the US. As China threatens to take over the island, it... Read More
A new AI darling. Dell (DELL) is on a roll up 4% today and up 70% for the year. Following better than expected earnings at the end of February and strong demand for their AI servers powered by Nvidia H100 chips. The company said at the time that its... Read More
Jeans are back. Levi Strauss (LEVI) is the diamond today up 17% after better than expected earnings. The blue jeans maker boosted profits by cutting costs, finding areas for increased efficiencies and focusing less on promotions. Levi's also saw record sales online instead of through its own shops or... Read More
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