Shares of Eli Lilly came under pressure on Friday after early prescription data for its newly launched weight-loss pill suggested a slower rollout compared with rival Novo Nordisk’s competing product. According to data from healthcare analytics firm IQVIA, Lilly’s Foundayo recorded 3,707 prescriptions in the US during its second week on the market, up from… Continue reading Lilly stock falls as Foundayo trails Novo’s Wegovy in early uptake
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Palantir stock: Wyckoff Theory points to a dive to $100 after earnings
Palantir stock price is stuck in a bear market after falling by over 32% from its highest point last year. PLTR was trading at $140 on Friday as investors wait for the upcoming earnings report, which will provide more color on its growth momentum and help to justify its valuation. The Wyckoff Theory suggests that… Continue reading Palantir stock: Wyckoff Theory points to a dive to $100 after earnings
Why is Skillz stock crashing despite major legal victory?
Investors are bailing on Skillz (NYSE: SKLZ) on Friday morning despite the company securing a monumental $420 million jury verdict in its high-stakes litigation against Papaya Gaming. The federal jury in Manhattan ruled that Papaya had engaged in systematic false advertising by using “bots” in its skill-based games, misleading players into thinking they were competing… Continue reading Why is Skillz stock crashing despite major legal victory?
Michael Burry just loaded up on Microsoft stock: should you too?
Microsoft (NASDAQ: MSFT) is extending gains on April 24 after “Big Short” investor Michael Burry revealed a new position in the tech titan amidst ongoing AI-driven pressure on tech stocks. This high-profile endorsement arrives only days before MSFT is scheduled to post its Q3 earnings. Consensus is for the behemoth to earn $4.07 a… Continue reading Michael Burry just loaded up on Microsoft stock: should you too?
Oracle stock falls 3%: why this analyst still sees upside
Shares of Oracle fell on Friday after reports that the company canceled a large hardware order, even as analysts maintained a bullish outlook on its long-term position in artificial intelligence infrastructure. The stock declined about 3.4% following reports that Oracle scrapped an order for 300 to 400 Nvidia GB300 NVL72 racks from Super Micro Computer,… Continue reading Oracle stock falls 3%: why this analyst still sees upside
Alphabet plans up to $40B investment in Anthropic: report
Google is set to invest $10 billion in Anthropic, with the potential to commit an additional $30 billion tied to performance targets, reported Bloomberg. Anthropic said the initial investment values the company at $350 billion, matching its valuation from a February funding round. The deal also includes support for a significant expansion of Anthropic’s computing… Continue reading Alphabet plans up to $40B investment in Anthropic: report
Tesla stock jittery after earnings: why investors remain cautious
Shares of Tesla traded unevenly on Friday, briefly rising as much as 1.3% before giving up gains to hover near flat, as investors continued to assess the company’s latest earnings and long-term strategy. The muted performance came despite broader market strength. The S&P 500 rose 0.2%, while the Nasdaq Composite gained 0.6%. The Dow Jones… Continue reading Tesla stock jittery after earnings: why investors remain cautious
SAP jumps 7% on earnings beat as cloud growth eases AI fears
Shares in SAP rallied on Friday after the German software giant reported better-than-expected first-quarter profit and reaffirmed its long-term cloud outlook. The strong result came even as concerns around artificial intelligence continue to weigh on the broader sector. SAP’s American depositary receipts rose 7.3% to $175.31, recovering from a 6.2% decline in the previous session.… Continue reading SAP jumps 7% on earnings beat as cloud growth eases AI fears
P&G beats Q3 expectations with first volume growth in a year
Procter & Gamble exceeded analyst expectations for quarterly earnings and revenue, reporting its first volume growth in a year and sending the company’s shares up approximately 3.3% on Friday. For its fiscal third quarter, P&G reported net income attributable to the company of $3.93 billion, or $1.63 per share, an increase from $3.78 billion, or… Continue reading P&G beats Q3 expectations with first volume growth in a year