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 [...]
A Week in Review: April Ends with Ups and Downs
Monday: Anticipation Lifts Markets Stock prices began the week on a positive note, buoyed by anticipation of key earnings releases and the Federal Reserve’s upcoming interest rate decision. The Dow, S&P500, and Nasdaq all posted gains of 0.4%, 0.3%, and 0.4%, respectively. Tuesday: Confidence Data Dampens Sentiment Cooler-than-expected Consumer Confidence data, coupled with rising treasury yields, sent Wall Street [...]
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 [...]
Examining the Impact of Rising Inflation on Federal Reserve’s Interest Rate Decision
In a recent turn of events, the inflation narrative has taken center stage, prompting a closer examination of its implications on Federal Reserve policy. Let's delve into the intricacies of these developments and their potential ramifications. The Commerce Department's personal consumption expenditures (PCE) index revealed a notable uptick in consumer prices, registering a 2.7% year-over-year increase, surpassing the previous [...]
