March 18, 2024
Google (GOOG) gets a boost from Apple. Google is up 5% on news, Apple is exploring putting Gemini AI on their iPhones to use with their search engine. Apple seems to be struggling to come up with their own AI features, falling behind competitors like Microsoft.
Another week, another part... Read More
March 15, 2024
Regional bank turnaround. NY Community Bank (NYCB) rose 4% today and 15% for the week as the troubled bank starts to rebuild their balance sheet, shore up assets and sell of assets and loans they can. This week NY Community Bank unloaded $899 million in loans, booking a small... Read More
March 14, 2024
Dicks (DKS) reports better than expected earnings. The sports retailer is jumping 15% after beating by 49 cents as sales rose 7.8% year/year to $3.88 billion. The company also hiked their dividend by 10% as they said they just finished out their best quarter ever in terms of sales.
Under... Read More
March 12, 2024
Oracle is the diamond up 11% thanks to strong demand for its cloud services that was in part powered by growing interest in AI. William Blair upgraded the stock to Outperform from Market Perform while BMO Capital Markets... Read More
March 11, 2024
Software firm, MicroStrategy (MSTR) buys more Bitcoin. A relatively small software firm has used its cash to buy Bitcoin over the last four years instead of reinvesting in the company. The stock is up 15% as the company bought recently another 12,000 Bitcoin worth $820 million, purchased with proceeds... Read More
March 8, 2024
Carvana (CVNA) in nirvana. The e-commerce platform for used cars has been a roll following better than expected earnings last week. RBC Capital upgraded the stock with a $90 price target. One director also bought shares recently in an SEC Filing.
Chips have been on a wild ride.... Read More
March 7, 2024
Kroger (KR) jumping 9% following better than expected earnings. The guidance was not great as the company sees challenging quarter for sales, but is more optimistic for the rest of the year with comps jumping to double digit growth.
Victoria Secret (VSCO) tumbles as a return around falters. Victoria Secrets... Read More
March 6, 2024
CrowdStrike (CRWD) jumps 10% on cybersecurity demand. The company easily beat earnings and sales estimates while also providing solid guidance. CrowdStrike is benefiting from numerous tailwinds due to more and more security breaches and growing security budgets around the globe
Common theme to the dogs this week, China. Apple and... Read More
March 5, 2024
Target (TGT) jumps on strong earnings and resilient consumer. Target is up 17% after beating by 56 cents as sales rose 1.6% to $31.47 billion. Management said they saw strong foot traffic with a resilient consumer in the face of inflation. Target also hinted at enhanced consumer expectations and... Read More
March 4, 2024
Markets were down, but not the AI stocks. AI darling Nvidia (NVDA) jumped 6% while Super Micro Computer jumped 18% after the announcement over the weekend Super Micro would join the S&P 500 later this month.
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March 1, 2024
Tech is being led by Dell (DELL) up 25% following better than expected earnings and guidance. Dell seems to be benefiting from AI. Rival, HP Enterprises is modestly higher following... Read More
February 28, 2024
Bitcoin continues to surge as the Fidelity tracking stock (FBTC) rose 5% as Bitcoin rose above $63,000 for the first time since November 2021, still below its all-time high of $68,982.Bitcoin has soared nearly 20% this week alone, after a week-long pause of this year's rally. It's now up... Read More
February 27, 2024
The diamond of the day goes to Viking Therapeutics jumping 118% thanks to positive top line results for their obesity drug. Viking's phase 2 results showed patients in a mid-stage trail lost 14% of their body weight after just 13 weeks. The drug trial was not big, but investors are... Read More
February 26, 2024
Domini's Pizza (DPZ) continues to dominate. The pizza giant was up 5% following better than expected earnings as sales rose 0.8% to $1.4 billion. However, on the conference call, management expects comp to be above the 3% long-term guidance with sales using Uber to increase throughout the year as... Read More
February 23, 2024
Live Nation (LYV) jumps 3% on strong earnings and strong demand for music concerts in part due to Taylor Swift and her Swiftie fans. The Ticketmaster parent actually missed earnings, but sales were strong up 36.1% to a record $5.84 billion. Besides Taylor Swift and ticket sales, advertising revenue... Read More
February 22, 2024
The diamond today is Nvidia, Nvidia and Nvidia. The AI chipmaker is jumping 15%, making a new all time high almost topping $2 trillion as earnings beat by 57 cents and revenue rose 265% from a year ago. Nvidia also provided upside guidance as demand is accelerating as demand moves... Read More
February 21, 2024
Toll Brothers (TOL) jumps on earnings, looks good heading into the spring season. The luxury home builder easily beat by 47 cents as sales rose 9.4% year over year to $19.5 billion. Toll Brothers delivers 1,927 homes in its first quarter, and reported 2,042 signed contracts as even as... Read More
February 20, 2024
Walmart was the diamond today, up 3% making a new all-time high this morning following better than expected earnings. Walmart easily beat by 16 cents as revenues rose 5.7% to $173.4 billion. The company also announced the acquisition of TV platform Vizio for $2.3 billion to accelerate its retail media... Read More
February 16, 2024
Applied Materials continues to chug along thanks to AI demand. AMAT is up 8% to new highs on better than expected earnings and sales for the fourth quarter. Sales actually declined, but gross margins improved by 110 basis points. Guidance was better than expected as AI chip makers will... Read More
February 15, 2024
Coinbase (COIN) jumps on an upgrade ahead of earnings tonight. The company that provides transactions for digital currencies received an upgrade saying the price appreciation of Bitcoin and the new ETFs that track the currency should provide improved activity levels and earnings power for Coinbase. Coinbase also serves as... Read More
February 14, 2024
Lyft (LYFT) getting a lift. The ride sharing firm is jumping 34% after beating earnings even as sales actually missed estimates. However, the company expects free cash flow for the full year, first time in the firm's history and guidance for mid-teens total rides growth for 2024.
Kraft (KHC)... Read More
February 13, 2024
JetBlue Airways is jumping 14% on news an activist investor Carl Icahn has bought a nearly 10% stake in the airline. This news comes barely 24 hours after announcing the first woman CEO, Joanna Geraghty to run a major U.S. airline.
Toymaker Hasbro is down 6% after missing analyst expectations... Read More
February 12, 2024
Merger Monday in the oil patch. Diamond Energy (FANG) is jumping 8% after agreeing to acquire Endeavor Energy Resources for $26 billion. The deal will create the largest operator focused on the Permian Basin. Diamond Energy will also hike their dividend 7%. Bank of America upgraded the stock with... Read More
February 9, 2024
Cloudflare (NET) is on fire this morning. The internet security company stock is up over 20% after beating estimates as revenues rose 32% to $362.5 million. Cloudflare raised guidance as management said business is firing on all cylinders. Oppenheimer upgraded the stock with a $85 price target.
A shake up... Read More
February 8, 2024
Disney (DIS) is having a good day following earnings and improvement with their streaming service. Disney is jumping 12% to a one year high after easily beating estimates even as sales fell year over year. The streaming service moves closer to profitability as Disney with create a Sports streaming... Read More
February 6, 2024
Palantir Tech (PLTR) is having a good day. The stock is jumping 25% on the catalyst from their artificial intelligence (AI) software and data mining features that are in strong demand. Revenue rose 19.6% year over year easily beating estimates. The stock received a number of upgrades.
Healthcare space continues... Read More
February 5, 2024
Tyson Foods (TSN) jumps 2% following earnings and strong profits from chicken. The US largest meatpacker saw improving profits in thier chicken and pork divisions while the beef sector struggled with shrinking cattle supply. Tyson foods accounts for 1/5 of the country's supply of chicken ahead of the biggest... Read More
February 1, 2024
Merck (MRK) jumps 4% to a new high thanks to strong earnings. Merck easily beat as sales rose 5% to $14.63 billion. Merck also raised guidance thanks to strong sales of their cancer drug, Keytruda. The company is also on the lookout for acquisitions in the $15 billion valuation.
Qualcomm... Read More
January 31, 2024
Stryker Corp (SYK) is having a good day. The medical device maker is jumping 7% to a new 52-week high following better than expected earnings and sales. Stryker actually produced double digit growth with accelerated growth outside the US for the sixth straight year. Canaccord upgraded Stryker with a... Read More
January 30, 2024
Chipmaker, Super Micro Computer rose 3% following earnings and raised guidance. This is the second time the company has risen guidance in the last month as demand for their AI chips outstrips supply. The stock is up 100% in the last two months. Not bad.
UPS (UPS) drops 8%... Read More
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