Shares of Meta Platforms Inc (NASDAQ: META) went up 12% to a year-to-date high in extended trading after the tech behemoth reported a great start to its “year of efficiency”. Meta shares up on encouraging guidance More importantly, the Nasdaq-listed firm issued upbeat guidance for its current quarter. Meta sees revenue in the range of… Continue reading Meta shares up 12% on Q1 earnings: is there upside left in this stock?
Company Spotlight
Why are Roku shares trading up in extended hours?
Roku Inc (NASDAQ: ROKU) jumped nearly 7.0% in extended hours after reporting market-beating results for its fiscal first quarter. Roku shares up on upbeat guidance Shareholders are happy also because the company issued upbeat guidance. Roku is now calling for $770 million in revenue on $75 million of adjusted EBITDA loss in its current financial… Continue reading Why are Roku shares trading up in extended hours?
U.K. blocks Microsoft-Activision deal: Cramer says ‘they don’t need it’
Activision Blizzard Inc (NASDAQ: ATVI) is down about 10% today after the U.K. Competition and Markets Authority said it will not let Microsoft Corp (NASDAQ: MSFT) acquire this gaming giant. Cramer reacts to the CMA decision On Wednesday, the regulator concluded that the Microsoft-Activision merger will be a threat to competition as the former could… Continue reading U.K. blocks Microsoft-Activision deal: Cramer says ‘they don’t need it’
Tesla stock price forecast: ‘price aggression not supportive of high multiple’
The recent sell-off in shares of Tesla Inc (NASDAQ: TSLA) is not entirely unjustified, says Philippe Houchois. He’s a Senior Analyst at Jefferies. Jefferies’ updated Tesla stock price forecast On Wednesday, Houchois downgraded the electric vehicles company to “hold” and slashed his price objective to $185. The analyst attributes his Tesla stock price forecast to… Continue reading Tesla stock price forecast: ‘price aggression not supportive of high multiple’
Paytm share price has a big upside according to analysts
One 97 Communications (PAYTM) share price has moved sideways recently even as the company’s performance continues improving. The stock was trading at ₹650, where it has been in the past few days. This price is ~50% above the lowest point in 2022. Analysts are upbeat about Paytm One 97 Communications, the giant payment company that… Continue reading Paytm share price has a big upside according to analysts
Rivian downgraded as concerns about cash burn remain
Rivian (NASDAQ: RIVN) received another downgrade on Friday as concerns about the company’s future remains. In a note, analysts at Piper Sandler downgraded their rating of the company from overweight to neutral. They expect that the company, which is a cash incinerator, will need to raise additional capital to implement its current strategy. Precisely, they… Continue reading Rivian downgraded as concerns about cash burn remain
Infosys stock price is hanging on a threat: buy the dip?
Infosys (NSE: INFY) stock price is hovering near its lowest level in 2022 after the company published weak financial results this week. Shares of the Indian giant dropped to a low of 1,400 INR in India and to $15.33 in New York. Infosys earnings and downgrade Infosys published weak results that reflected the state of… Continue reading Infosys stock price is hanging on a threat: buy the dip?
Responsible investing vs. investing in questionable assets
There has been a lot of talk about responsible investing versus what’s considered investment in questionable assets. For example, many funds do not invest in the so-called sin sector or vice funds, with many considering tobacco, alcohol, weapons, adult entertainment, nuclear power and gambling to be questionable investment targets. On the other hand, some investors… Continue reading Responsible investing vs. investing in questionable assets
UBS renames Sergio Ermotti as CEO to lead Credit Suisse merger
UBS Group AG (NYSE: UBS) is in focus this morning after renaming Sergio Ermotti as its Chief Executive to oversee the pending acquisition of Credit Suisse (NYSE: CS). Here’s what we know so far Ermotti has previously led UBS between November 2011 and October 2020 – a nine-year tenure in which he played a central… Continue reading UBS renames Sergio Ermotti as CEO to lead Credit Suisse merger