Tag Archives: spikes

Meta (META) reported its Q4 2022 earnings today after the bell, and the Facebook parent beat key revenue expectations and growing losses on its metaverse operation. It also announced a $40 billion stock buyback plan. Here’s what the key numbers looked like, as compared to analysts’ estimates compiled by Bloomberg. Q4 Revenue – $32.17 billion actual versus $31.65 billion expected Advertising Revenue – $31.25 billion actual versus $30.86 billion expected Adjusted Earnings Per Share (EPS) –… Source link

Warren Buffett says these are the best stocks to own when inflation spikes — with consumer prices still surging, it’s time to follow his lead Price levels continue to rise at a rate we haven’t seen in decades. In April, U.S. consumer prices surged 8.3% — down slightly from 8.5% in March, but still near 40-year highs. Spiking inflation has severe consequences for your cash savings. Fortunately, investing legend Warren Buffett has plenty of advice on what to own when consumer prices… Source link

Shares of cybersecurity firm Mandiant closed up 16% Monday after The Information reported Google is interested in acquiring the company. Mandiant, which has a market cap around $5.25 billion, was previously under the FireEye umbrella before that brand was sold. FireEye was credited with helping Microsoft discover the SolarWinds hack that attacked government systems last year. The Information said Google is interested in acquiring Mandiant to boost its cloud security in an effort to better… Source link

Warren Buffett says these are the best stocks to own when inflation spikes — with high prices no longer ‘transitory,’ it might be time to follow his lead After months of rising prices, the Fed’s claim that high inflation rates would be “transitory” is looking a bit transitory itself. “It’s probably a good time to retire that word and try to explain more clearly what we mean,” Fed Chairman Jerome Powell said Tuesday. “I think the risk of higher inflation has increased.” A… Source link

Warren Buffett says this is the best type of business to own when inflation spikes — in other words, what you should buy right now High inflation rates in the country have become a serious concern on Wall Street. But fortunately for everyday investors, Berkshire Hathaway chief Warren Buffett has plenty of experience in navigating such an environment. Buffett managed a stock portfolio through periods of double-digit inflation rates in the 1970s and has plenty of advice on what to own when… Source link

Robinhood (HOOD) was temporarily halted for volatility this morning as the stock spiked 65% in the first minutes of trading. By 10:10 am ET, the stock was up 36%. The upward move comes a day after the investing platform’s stock spiked 24%. The stock price blew past its IPO price of $38 on Tuesday and closed at $46.80, in stark contrast to its public debut last week.  Retail interest could be a contributing factor for the upward move. Robinhood is one of the most mentioned stocks on Reddit’s… Source link

(Bloomberg) — The spread of the delta coronavirus variant has pushed the threshold for herd immunity to well over 80% and potentially almost 90%, the Infectious Diseases Society of America said. U.S. President Joe Biden criticized the pandemic response of the Florida and Texas governors, both Republicans. The two states account for about a third of all new U.S. cases in the past week. Thailand had record deaths and cases, while Australia found a case in the far-north city of Cairns. Hong Kong… Source link

Nvidia CEO Jensen Huang speaks during a press conference. (Photo credit should read MANDEL NGAN/AFP via Getty Images) Graphics card maker Nvidia (NVDA) reported its fiscal Q1 2022 earnings after the closing bell on Wednesday, beating analysts’ expectations for the quarter. Here’s how the company performed versus what Wall Street was expecting based on Bloomberg’ consensus data. Revenue: $5.66 billion versus $5.41 billion expected Earnings per share: $3.66 versus $3.31 expected Gaming: $2.76… Source link

DoorDash (DASH) posted a first-quarter earnings report on Thursday that largely surpassed Wall Street’s expectations, with the company demonstrating that the boost it got from COVID-19 demand has staying power beyond the pandemic. The company reported revenue that skyrocketed 198 percent compared to a year-ago, to $1.08 billion, and total orders soaring 219 percent year-over-year, to $329 million. The results sent its stock on a tear after hours, which was up over 10%. Here’s what the San… Source link

Bloomberg Bitcoin Hits Another Record as Largest Token Extends Rally (Bloomberg) — Bitcoin is picking up momentum once again, briefly topping $60,000 for the first time amid optimism that the largest digital token will achieve wider adoption.The cryptocurrency was at $59,819 as of 10:08 a.m. New York time, bouncing back from a rout at the end of February following a previous peak set that month. It’s benefiting from optimism in financial markets after President Joe Biden signed the $1.9… Source link