Hims & Hers Falls on CEO’s Palestine Support: Despite Clarifying, it May Be Too Late for HIMS
As more and more college campuses become protest centers for the Israel and Palestine conflict, the CEO of Hims & Hers Health (HIMS) made comments that sent his stock down more than 10% last week. Andrew Dudum expressed support for those brave enough to speak out against Israel saying that he and many other CEOs would be proud to [...]
Coinbase Delivers on the Top and Bottom Line for Q1, But the Stock is Falling: Time to Take Profits?
Shares of Coinbase (COIN) are down more than 5% today despite delivering a solid first-quarter earnings performance yesterday. The crypto trading platform beat analyst estimates on both the top and bottom lines thanks to a Bitcoin price surge during the middle of Q1. Revenue came in at $1.64 billion compared to the $1.34 billion analysts were forecasting. Adjusted earnings [...]
Carvana Climbs Nearly 40% on Impressive Earnings & Outlook: Still Not Time to Buy CVNA Yet, Though
For the second consecutive quarter Carvana (CVNA) has delivered an impressive earnings beat coupled with an optimistic outlook for the upcoming quarter, sending shares nearly 40% higher Thursday morning. The online car retailer easily delivered an earnings beat for the first quarter of 2024. Revenue of $3.06 billion was a 17% improvement year over year and blew the $2.67 [...]
AMD Drops on Disappointing Guidance Despite Q1 Earnings Beat: Why it May Be Time to Sell the Stock
Advanced Micro Devices (AMD) reported its first-quarter earnings yesterday, which narrowly outperformed the analyst consensus. This lackluster performance coupled with a disappointing guidance has sent shares down more than 9%. The chip maker posted earnings per share of 62 cents compared to the estimate of 61 cents. Revenue came in at $5.47 billion compared to the $5.46 billion analysts [...]
Tesla Finally Gains Approval for Full Self-Driving in China, But Is This Enough to Earn the Stock a Buy?
Tesla (TSLA) was climbing higher yesterday after its best week in a while as Elon Musk shared a pleasant surprise update with investors. He visited China to meet with Li Qiang and gained approval to move forward with its Full Self-Driving (FSD) software for the country’s electric vehicles. Musk also gained the go-ahead to transfer data overseas. This is [...]
Royal Philips Pops Nearly 30% on Better Than Expected Settlement & Earnings: Time to Buy PHG?
Over the past few years, Royal Philips (PHG) has been battered and bruised amidst concerns surrounding its devices being recalled and the implications of a settlement. The uncertainty has led to the stock getting cut nearly in half since 2021 when these issues were first noted. Its breathing devices and ventilators were created with a foam that could degrade [...]
