Fri, March 29, 2024

Stock Markets

Ford

Ford Motor’s $419M Investment Boom: A Detailed Look

Quick Look: CVA Family Office LLC snaps up 4,559 shares of Ford Motor. Norges Bank makes a $419,237,000 new stake in Ford Motor. Institutional ownership of Ford’s stock stands at 58.74%. Ford Motor Company is a staple of American industry and a bellwether for the automotive sector. The industrial giant recently saw significant investment activity …

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Domino Pizza

Domino’s Stock Hits 52-Week High, Up 8.32% in a Week

Quick Look: Domino’s stock surges by 8.32% over the past week, hitting a new 52-week high of $480.94 Analysts elevate Domino’s Pizza to a Moderate Buy, with a revised average price target of $441.79 Robust quarterly earnings with an EPS of $4.48, surpassing estimates Domino’s Pizza Inc (DPZ) has recently carved out a noteworthy chapter …

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Investors and value stocks, super micro

Super Micro: Poised for 18% Stock Surge by Dec 2024

Quick Look: JPMorgan initiates coverage on Super Micro Computer Inc. with an “overweight” rating. Predicts stock price to climb 18% to $1,150 by December 2024. Super Micro aims to capture 10%-15% of the AI server market, which is set to expand to $283 billion by 2028. Quarterly earnings beat estimates with $5.59 EPS and $3.66B …

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Fedex

FedEx Soars with $5B Buyback & $350 Price Target

Quick Look: Oppenheimer reaffirms FedEx stock rating, while Barclays boosts target price to $350.00. FedEx announces a quarterly EPS of $3.86, surpassing estimates, and initiates a $5.00 billion stock repurchase plan. Corporate insiders and institutional investors show strong confidence in FedEx, owning a significant portion of the stock. Recent movements in analyst ratings and price …

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Reddit says goodbye to its Crypto Tipping Service TipJar

Reddit’s $6.5B IPO Debut: Trading Begins on NYSE

Quick Look Reddit priced on Wednesday with a share price of $34, totalling a valuation of approximately $6.5 billion. Shares to commence trading under the ticker symbol “RDDT” on the New York Stock Exchange. Monthly Active Users as of December stand at about 76 million across approximately 100,000 communities. Reddit, a social media titan, has …

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The Risk-off Wave Slows Down as China Virus Fear Subsides

S&P 500 Hits 18th Record Close of 2024, Movement Up 0.6%

Quick Look: S&P 500 achieved an 18th record close of 2024 at 5,178.51, up by 0.6%. The Dow Jones Industrial Average ascended by 0.8%, marking its highest movement since February 22, 2024. Nasdaq Composite increased by almost 0.4%, with Nvidia’s shares rising post-AI conference announcements. The stock market presented an impressive performance on Tuesday, underscoring …

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Baidu

Baidu’s 2023 Financial Leap: A 9.18% Earnings Surge

Quick Look: Baidu (BIDU) ranks #6 out of 16 in the Computer and Technology group. Zacks Rank: Baidu holds a Zacks Rank of #1 (Strong Buy). Earnings Estimate Revision: This quarter, Baidu’s full-year earnings estimate increased by 9.18%. Year-to-Date Performance: Baidu has seen a 7.07% gain, surpassing the sector’s average. Industry Performance: Baidu outperforms the …

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getty images

Getty’s Q4: Revenue Dip & AI Shift Amid 525M Images

Quick Look Getty Images experiences a marginal revenue drop from Q3 2022 to Q3 2023. Significant growth in image and video collections and nearly doubling of active annual subscribers. Q4 revenue is forecasted to fall, with management guiding lower than analyst expectations. Stock prices rise from $4.96 to $5.28 The introduction of Generative AI by …

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Kanzhun’s Stock Up 18.8% with Q4 Revenue Jumping 46%

Quick Look Kanzhun Ltd (NASDAQ: BZ) shares jumped 18.8%, reaching $20.79. Q4 revenue hit 1.58 billion yuan, up 46% year-over-year. Non-GAAP net income reached 628.6 million yuan. Guidance for Q1 2024 forecasts revenue between 1.64 – 1.67 billion yuan. Announced a $200 million share repurchase program starting March 20, 2024. Kanzhun Ltd, a leading player …

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Nvidia: Nvidia graphic chip close up.

NVDA’s Roller-Coaster: Swings & 80% YTD Surge

Quick Look Nvidia (NVDA) experienced a significant trading swing on March 8, with a one-day reversal exceeding 10 percentage points. Wall Street’s sentiment shifts as Nvidia’s popularity among newsletters drops, now tied in fourth place. Cantor Fitzgerald raises Nvidia’s price target to $1,200, indicating a bullish outlook compared to the consensus. Nvidia’s stock is dipping …

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AMD growth

AMD: 790% 5-Year Surge, Eyes $400B AI Market

Quick Look: AMD’s share price has increased by a staggering 790% over five years and 61% in the last quarter. The company’s EPS has grown by 9.0% annually, indicating strong market optimism. Total Shareholder Return hit 151% in the last 12 months, surpassing the five-year annual average. Highlighting the $400 billion AI opportunity, Mizuho Securities …

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SILK Road

Silk Road: Insider Sales, Stock Dips 4.3%

Quick Look CFO Lucas W. Buchanan and CAO Marie L. Jones sell shares, signalling insider trading activity. Analyst ratings upgrade with a consensus of “Hold” despite positive target adjustments. Q4 performance exceeds expectations, with significant revenue beats but negative margins. Recent trading sees stock decline by 4.3%, reflecting market volatility. Institutional investments are on the …

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SoFi’s Strategic Move Amid 15.3% Stock Plunge

Quick Look SoFi Technologies Inc. records its largest single-day stock decline at 15.3%. Announces $750 million convertible senior notes offering, with potential to increase to $862.5 million. Analysts estimate a 6% share count increase but foresee a net income accretion of $34 million. Plans include redeeming high-cost preferred stock, reducing debt costs, and mitigating future …

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Tesla Remains a Wall Street Darling

Tesla’s China Dip: 16% MoM Shipment Fall & 7.16% Stock Plunge

Quick Look Tesla’s February shipments from Giga Shanghai dropped to 60,365 vehicles, a 16% decrease month-over-month and a 19% decrease year-over-year. Tesla stock tumbled 7.16%, marking its lowest close since mid-February. The Chinese Lunar New Year and strategic shipping practices influenced Tesla’s February performance. A competitive EV market and price wars, including Tesla’s substantial price …

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