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Why is Tesla (TSLA) Stock Price Falling Again?
Shares of Tesla (NASDAQ: TSLA) has erased all weekly gains on Friday after Reuters reported the company has paused hiring and will cut 10% stuff to cut costs and preserve margins. Musk Has a ‘Super Bad Feeling’ About Economy Elon Musk reportedly wrote an email to its...
Why is Pinterest Stock Surging Today
Shares of Pinterest (NYSE: PINS) are up around 4% Wednesday after the company announced a former Google executive will be replacing Ben Silbermann as the company’s CEO. Leadership Changes Announced Ready, a former chief of Google’s commerce unit and former COO of...
Why is Boeing Stock Surging This Week?
Shares of Boeing (NYSE: BA) are trading sharply higher this week on reports China Southern Airlines is again testing the embattled 737 MAX jet. 737 MAX Closing in on a Return? China Southern Airlines flew test flights with Boeing 737 MAX jets for the first time since...
Why are Mining Stocks Down?
The top three Australia-based mining companies were headed for a huge loss of as much as $11.12 billion in total market value. What is Happening With Commodity Stocks? A sharp pullback in commodity stocks is due to weakening China demand and concerns over a potential...
Why are Airline Stocks Down Sharply This week?
Airline stocks tumbled sharply this week after the Federal Reserve announced a 75-basis-point interest rate hike Wednesday to curb the highest inflation in over 40 years. The decline in the airline sector outpaced the broader market’s slump, with American Airlines...
Why Another U.S. Army Contract Won’t Help Palantir Stock
The U.S. Army has awarded a total of $72 million to Palantir Technologies (NYSE: PLTR) and Raytheon Technologies (NYSE: RTX) for developing an innovative, software-powered ground system meant to improve beyond-line-of-sight targeting. Palantir Wins Another U.S. Army...
Victoria’s Secret (VSCO) Stock Soars as Results Top Expectations
Victoria’s Secret (NYSE: VSCO) reported better-than-expected earnings for the first quarter of 2022, sending its shares up more than 10% in premarket trading. However, the lingerie and beauty retailer warned it expects to continue facing supply chain and sales...
This Luxury Stock is Down Over 50% in 2022 But Analysts Say It Could Surge 60%
Shares of RH (NYSE: RH) are down about 50% this year amid a market-wide selloff. Still, some experts see it well positioned to sustain strong revenue growth. Positive Outlook for Luxury Sector Luxury goods sales are on track to grow at least 5% in 2022 as consumers in...
This is Why Alibaba Stock is Soaring Lately
Shares of Alibaba (NYSE: BABA) are trading about 30% higher in the last 4 weeks on several positive news from China. Ant Group Situation Improving The relationship between Alibaba Group and Ant Group has dwindled since last year, years after very close collaboration...
Target Stock Falls Again. Here’s Why
Shares of Target (NYSE: TGT) are trading lower this week again after the company told investors that its profits are likely to take a hit in the short run as the big-box department store chain takes measures to reduce extra inventory. Why Target Cut its Guidance...
Nike Stock Falls After Earnings but Things Should Get Better From Here
Nike (NYSE: NKE) shares fell 7% on Tuesday even though the company beat consensus estimates for FQ2 2022 earnings and sales. Difficult Quarter as Expected Nike reported fourth-quarter earnings per share (EPS) of 90c, down from 93c in the year-ago period and above the...
Lululemon (LULU) Delivers Another Robust Quarter
Lululemon (NASDAQ: LULU) reported better-than-expected Q1 earnings and revenue driven by strong online sales despite a volatile macroeconomic environment. How Did Lululemon Perform in Q1? Lululemon’s CEO Calvin McDonald said the athletic apparel retailer saw a strong...
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