copy & paste from WSJ "Apple dominates the high-end smartphone market in the country and counts China as one of its biggest markets, relying on it for about 19% of its overall revenue. Beijing has for years restricted government officials at some agencies from using iPhones for work, but the order has now been widened. China’s restriction mirrors similar bans...
Boeing is preparing to restart delivery of 737 Max jets to China for the first time in four years. The deliveries are expected to start within weeks, according to a Bloomberg report on Friday, which cited people familiar. China Southern Airlines Co. is exptected to take the first 737 Max from the aircraft maker. China grounded all Boeing 737 Max jets in the...
Established in 2017, VinFast entered the U.S. market this year as part of a push to expand sales beyond its home country of Vietnam. The auto manufacturer is controlled by the Vingroup; Vietnam’s largest conglomerate, and began trading on the Nasdaq Tuesday after a reverse-merger deal with special-purpose acquisition company Black Spade. VinFast remains a...
Copy & Paste from WSJ: For the June-ended quarter, Roblox said revenue rose 15% to $680.8 million for the quarter while total costs rose 30% to $994.8 million. Daily users, hours of engagement and other key metrics were up from a year ago but net bookings and adjusted profit came in below Wall Street analysts’ expectations. The results disappointed investors,...
Based on 16 Wall Street analysts offering 12 month price targets for Bank of America in the last 3 months. The average price target is $34.73 with a high forecast of $49.00 and a low forecast of $28.00. The average price target represents a 21.86% change from the last price of $28.50.
Copy & Paste from IBD: Datadog earnings for the second quarter were 36 cents per share on an adjusted basis, up 50% from a year earlier. The enterprise software maker's revenue jumped 25% to $509 million. Meanwhile, analysts expected Datadog to report profit of 28 cents a share on revenue of $501.6 million. A year earlier, Datadog earned 24 cents on revenue of...
The plant-based meat supplier slumped more than 10% after reporting (after market closed) a second-quarter revenue miss due to lower U.S. demand. The company noted an adjusted loss of 83 cents per share and $102.1 million in revenue, while analysts polled by Refinitiv expected a loss of 86 cents and revenue of $108.4 million.
Contrary to popular belief, gold is a risk asset, and as such, cannot serve as a reliable store of value. It also doesn’t offer better protection from inflation than equities. That is true for the long term; however, in shorter periods, the yellow metal can be a profitable trade, specifically at times of declining real interest rates and when the economy is weak....
Based on its seasonality, it's not bullish in September. Based on 29 Wall Street analysts offering 12 month price targets for Apple in the last 3 months. The average price target is $208.99 with a high forecast of $240.00 and a low forecast of $167.00. It is hiring engineers and researchers across the board in a bid to compress large language models (LLMs) so...
Based on 6 Wall Street analysts offering 12 month price targets for Nektar Therapeutics in the last 3 months. The average price target is $2.75 with a high forecast of $6.00 and a low forecast of $1.00. The average price target represents a 308.07% change from the last price of $0.67.
As a long investor, a drop to $30 zone is a golden opportunity. As a short-term trader, I am looking at 35p exp 09.15 to trade its possible short-term pullback.
what is its story in 2024 and beyond? The potential administrative and compliance benefit of Moderna’s combination respiratory vaccine against COVID-19, flu, and RSV, which we expect to launch as early as 2025. Moderna has multiple shots on goal with its late-stage pipeline. While Moderna increased 2023 revenue guidance to $7B, guidance is dependent on...
copy & paste directly from Argus, Medtronic is one of the world's largest medical technology and solutions companies. The company’s devices focus on cardiac rhythm management, spinal and surgical navigation technologies, treatments for diabetes and neurological conditions, vascular therapies, and cardiac surgery. MDT has been a poor performer versus the S&P 500...
Enphase Energy Inc.’s ENPH, -3.78% stock initially plunged more than 15% in extended trading Thursday after the company reported quarterly revenue that fell short of analysts’ estimates and offered a weak forecast. Enphase reported fiscal second-quarter net income of $157.2 million, or $1.09 a share, compared with net income of $76.9 million, or 54 cents a...
From Investopedia, a channel occurs when the price of an asset is moving between two parallel trendlines. The upper trendline connects the swing highs in price, while the lower trendline connects the swing lows. SNAP is in an ascending channel. When the price hits the top of the channel, sell your existing long position and/or take a short position. When...
Recent demand overwhelming supply = Strong hands accumulation ... Now morphing into an IH&S base with measured target $50 on trigger ... Analyst forcasts via TipRanks: Based on 8 Wall Street analysts offering 12 month price targets for Enovix in the last 3 months. The average price target is $41.00 with a high forecast of $100.00 and a low forecast of $18.00. The...
Copy & Paste from WSJ: Tesla’s AI Hype Collides With Reality: Elon Musk leans into perceptions of Tesla as an AI leader, but doesn’t signal concrete progress on self-driving technology! While the company has an evident lead over peers in manufacturing EVs, it is in fact a long way from proving that it has one in automating driving to the safety standards...
Note from Daily Argus Market Mover on 07/18: Uber operates networks for ride-sharing, carpooling, food delivery, etc. Its smartphone app enables consumers to contact drivers, arrange a meeting point, and get to a destination in a cash-free transaction. Uber has operations in more than 700 cities on six continents. Since an IPO in the mid-$40s in 2019, UBER has...