The United Parcel Service Inc. (UPS) delivered its first quarter earnings yesterday in which the top line fell short of expectations despite beating the bottom line consensus. The stock had been rallying leading into the news but has fallen around 3% so far today. Revenue fell to $21.71 billion, representing a 5.3% drop year [...]
Live Nation (LYV) has fallen around 7% so far Tuesday morning after news broke Monday after the market closed that the entertainment company could be in hot water with the Justice Department. While both Live Nation Entertainment Inc. and the Justice Department themselves chose to keep quiet on the matter, a source at Wall [...]
Adidas (ADDYY) is running in the right direction Monday morning after getting a double upgrade from Morgan Stanley analysts. A team led by Edouard Aubin moved their position from underweight up two notches to overweight, taking a bullish stance on the athleticwear and shoe brand. This comes after Aubin and his team noted an [...]
It’s been a tough stretch thus far through 2024 for Apple (AAPL), which is down more than 6% year-to-date. Meanwhile, the S&P 500 index is up 8%. So what’s going on with this stock, and should you be concerned as an AAPL investor? One analyst thinks it’s just a matter of investors not realizing [...]
General Electric successfully completed the spin-off of its GE Power business just a few weeks back and listed GE Vernova as its own publicly traded company (GEV). Analysts are already hot on the stock as it received its first upgrade today by J.P. Morgan’s Mark Strouse. He moved his stance from hold to buy [...]
Much of the conversation surrounding the AI revolution focuses on names like Nvidia, AMD, Palantir, and other stocks that have captured the limelight by capitalizing on this emerging technology. However, there is reason to believe Microsoft (MSFT) could prove to be the real winner of the “AI arms race” in the long run. No, [...]
United Parcel Service, or UPS (UPS), will officially replace FedEx as the United States Postal Service’s primary air cargo provider. This comes after FedEx and USPS failed to agree on new contract terms, which were set to expire later this year on September 29th. FedEx wanted to negotiate a better deal, and ultimately, ended [...]
Shares of Walgreens Boots Alliance (WBA) are relatively flat this morning after the company reported second-quarter earnings that have analysts and investors alike concerned about profits and the long-term viability of the company’s business model. Last quarter, we wrote about Walgreens cutting their quarterly dividend and the fallout that ensued - including removal from [...]
Chinese EV manufacturer XPeng Inc. (XPEV) posted impressive Q4 earnings that beat the top and bottom line, initially sending shares higher Tuesday morning. They’ve since cooled off and settled around even on the day. The company grew revenue by a whopping 154% to RMB13.05 billion ($1.84 billion). This easily outpaced the FactSet consensus of [...]
Enphase Energy (ENPH) has fallen more than 14% in the past week as concern surrounding high interest rates continues to mount. This has prompted sharp sell-offs, which include insider selling. Interest rates are at a 23-year high today, and the Fed won’t take action anytime soon as consumer and wholesale inflation are both concerns [...]
