stocktrader

Berkshire Hathaway shares gained more than 2% on Tuesday as investors focused on the conglomerate’s strong equity portfolio, a higher price target from UBS, and expectations that the company repurchased billions of dollars worth of its own stock during the second quarter. Class B (BRK.B) shares rose about 2.88% to $511.5, while the Class A… Continue reading Berkshire stock rises as Apple rally, UBS upgrade lift investor sentiment

Micron Technology (MU) and its memory peers are bearing the brunt of a fierce market selloff on Tuesday, which has been the case this month. Micron declined 8% while SanDisk plunged 15% in the session. SK Hynix’s US ADR shares fell 8%. MU has lost over 40% this month, heading for its worst single-month performance… Continue reading Micron, memory stocks sell-off: cyclical bottom or a deeper correction?

PayPal Holdings PYPL shares rose about 4.5% on Tuesday after the payments company reported better-than-expected second-quarter results, raised its full-year earnings guidance, and highlighted early progress in its turnaround strategy under CEO Enrique Lores. The fintech company reported adjusted earnings of $1.38 per share for the second quarter, ahead of Wall Street expectations of $1.28.… Continue reading PayPal stock jumps after Q2 earnings beat, outlook improves

Apple briefly became only the second publicly traded company in history after Nvidia to cross a $5 trillion market capitalisation on Tuesday, in a reflection of investors’ growing preference for technology companies that can deliver earnings growth without committing hundreds of billions of dollars to artificial intelligence infrastructure. The iPhone maker’s AAPL shares rose as… Continue reading Apple briefly hits $5T valuation as investors favour its AI-light strategy

Meta Platforms (META) shares are inching lower heading into the company’s fiscal Q2 results set to be posted after the market close on Wednesday, July 29th. Consensus is for the tech behemoth to record $60.2 billion in revenue on $7.18 a share of earnings, which would represent roughly no change in bottom-line on a year-over-year… Continue reading Meta earnings preview: capex is failing to deter options pricing

Across India, newspaper front pages this month were filled with smiling teenagers holding bouquets and victory placards.  https://twitter.com/ALLENkota/status/2079036837251916130 Coaching institutes splashed photographs of medical entrance exam toppers across full-page advertisements, each claiming another record year of selections and top ranks.  For an industry estimated to be worth billions of dollars, the release of entrance examination… Continue reading Inside India’s coaching boom and the crisis of confidence in its exam system

CrowdStrike CRWD shares gained about 1.1% in trading on Tuesday after receiving fresh support from Wall Street, with Loop Capital initiating coverage on the cybersecurity company with a Buy rating and Cantor Fitzgerald reiterating its bullish stance. Loop Capital analyst Yun Kim assigned a $230 price target, implying roughly 27% upside from Monday’s closing price.… Continue reading CrowdStrike stock rises after bullish analyst calls

Nvidia shares traded little changed on Tuesday after recovering from early losses, although the stock remained below the psychologically important $200 level. Investors looked to balance an increasingly attractive valuation against concerns over artificial intelligence financing and upcoming Big Tech earnings. The stock had fallen sharply in the previous session, losing 5% and surrendering its… Continue reading Nvidia stock remains below $200, but analysts see over 40% upside ahead

Palantir Technologies PLTR shares plunged about 9% on Tuesday after gaining roughly 5% in the previous session, as investors locked in profits and reassessed risks ahead of the company’s second-quarter earnings report due on Aug. 3. The 5% bump had come after Oppenheimer reaffirmed its Outperform rating and maintained a $200 price target ahead of… Continue reading Why did Palantir stock sink 9% today?