Interactive Brokers Declines 15% After Reaching All-Time High on September 11. Is Now the Time to Step In?
By Leslie N. Masonson, MBA Interactive Brokers (NASDAQ: IBKR), founded in 2007 and headquartered in Greenwich, CT, is a highly automated global broker that offers low-cost, seamless access to multiple assets, including stocks, options, futures, forex, commodities, bonds, crypto, mutual funds, and ETFs. It serves over two million clients, including individuals, institutions, introducing brokers, and financial advisors. The firm [...]
Amazon’s AI-Fueled Earnings Send Shares 8% Higher: But is it Time to Buy This Stock?
Amazon (AMZN) reported third-quarter earnings after the bell on Thursday and became the latest company to harness the power of AI to fuel growth. The e-commerce giant says that it is using AI for AWS (Amazon Web Services). CEO Andy Jassy says that the opportunity could manifest in tens of billions of dollars. The company reportedly invested $1.25 billion [...]
Mattel Surpasses Expectations in Q3 Earnings, But Falls 8%: 3 Reasons Why it May Be Time to Sell
Shares of Mattel (MAT) fell as much as 16% in pre-market trading Thursday morning, before settling at around an 8% loss when the market opened. This came after the toymaker shared its third-quarter earnings. The company beat out analyst expectations on the top and bottom line, reporting an EPS of $1.08 compared to the $0.86 consensus. Revenue of $1.92 [...]
Visa Beats Earnings, Raises Dividend – Should You Buy, Sell, or Hold This Stock?
Visa (V) reported 4th quarter earnings today that initially sent shares 2% lower. They have since rebounded and now sit about 1.5% higher than yesterday’s closing price. This was a strange reaction to what was a fairly positive news cycle for the credit card company after beating earnings and raising dividends. The credit card company posted earnings per share [...]
Spotify Jumps 10% on Earnings Beat, But It May Not Be Time to Buy This Stock Just Yet…
Spotify (SPOT) sent ripples throughout the stock market this morning after surprising everyone with its first quarterly profit in the past year while analysts were expecting a loss. The Sweden-based streaming service grew sales by 17% year over year, reporting a figure that equates to $3.57 billion - just narrowly outperforming the analyst consensus of $3.53 billion. This resulted [...]
Walgreens is Up 3% On Excitement Over New CEO & Bullish Outlook – VectorVest Still Says Sell
Shares of Walgreens Boots Alliance (WBA) started Monday morning trading strong with a 3% gain thus far. The stock has been battered in both the short and long term, but there is hope that new CEO Tim Wentworth will turn things around for the company. According to Lisa Gill, analyst at J.P. Morgan, today marks a new beginning for [...]