If you’re wondering what’s contributing to the volatility in the market, it’s more than just inflation data, geopolitical events, or tech domination; a macro impacter for the market is earnings season! With Home Depot reporting lower-than-expected numbers and investors waiting for Nvidia’s report pessimistically, earnings season is hitting the markets with a baseball bat. [...]
Alphabet Inc. (GOOG) shared Q4 results after the market closed Tuesday, and despite an impressive rebound, shares slid more than 5% Wednesday morning. The parent company of Google managed to grow sales by 13% year over year to $86.3 billion, narrowly outperforming the FactSet consensus of $85.3 billion. The search engine provider also beat [...]
General Motors (GM) delivered Q4 earnings this Tuesday morning. The beat sent shares 7% higher, adding to what has been a torrent pace over the past few months as GM has now gained 37% in that timeframe. The US automaker is finally starting to find its footing after the UAW strike took its toll [...]
SoFi Technologies (SOFI) started the week strong, headed towards its best performance on the stock market since the fall of 2022. It reached as high as 23% before correcting at around 17%. This is a result of the financial technology company delivering bombastic earnings for the fourth quarter of 2023, in which it posted [...]
Yesterday after the bell Intel (INTC) shared an update on its Q1 earnings expectations that sparked concern among investors, and a sell-off ensued. The stock is down more than 10% in Friday’s trading session as a result. Intel is forecasting revenue between $12.2 billion and $13.2 billion, below the FactSet consensus of $14.3 billion. [...]
We’re in the thick of another earnings season so it’s a good idea to reflect on a few best practices to keep us on the right path...
“Earnings growth is the engine that drives stock prices higher and higher.” As with all matters investing, the opposite is also true.
