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Tesla Stock Plummets 10% As Musk's Feud With Trump Escalates
Forbes· 2025-06-05 18:35
ToplineShares of Tesla dropped by 10% on Thursday as the relationship between Elon Musk and President Donald Trump’s appeared to unravel, with Musk launching attacks at the president on X and Trump suggesting to reporters at the White House criticism of his signature bill from the world’s wealthiest person amounts to “Trump derangement syndrome.”Musk has called to “kill” Trump’s policy bill, criticizing the legislation as “massive, outrageous” ... More and “pork-filled.”AFP via Getty ImagesKey FactsTesla’s ...
Tesla Stock Plunges 8% As Trump Suggests Musk Has ‘Trump Derangement Syndrome'
Forbes· 2025-06-05 17:05
ToplineShares of Tesla dropped by more than 8% on Thursday as the relationship between Elon Musk and President Donald Trump’s appeared to unravel, with Musk launching attacks at the president on X and Trump suggesting to telling reporters at the White House criticism of his signature bill from the world’s wealthiest person amounts to “Trump derangement syndrome.”Musk has called to “kill” Trump’s policy bill, criticizing the legislation as “massive, outrageous” ... More and “pork-filled.”AFP via Getty Images ...
Tesla Stock Drops Over 5% As Trump Suggests Musk Has ‘Trump Derangement Syndrome'
Forbes· 2025-06-05 16:46
ToplineShares of Tesla dropped by more than 5% on Thursday as Elon Musk amplified criticism on President Donald Trump’s policy bill, with Trump later telling reporters at the White House he is unsure about the future of their relationship, suggesting the world’s wealthiest person’s criticism of his signature bill amounts to “Trump derangement syndrome.”Musk has called to “kill” Trump’s policy bill, criticizing the legislation as “massive, outrageous” ... More and “pork-filled.”AFP via Getty ImagesKey FactsT ...
Investors Might Need A Waste Bag For Freshpet's Stock
Forbes· 2025-06-05 14:35
Pet food is displayed in a refrigerated cases at the Freshpet Inc. production facility in Bethlehem, ... More Pennsylvania, U.S., on Monday, Nov. 9, 2015. Freshpet produces the only industrial refrigerated pet food on the market, which is made with only fresh ingredients and eschews preservatives. Sales of premium dog food have surged 45 percent to $10.5 billion in the U.S. since 2009 and now account for more than half of the market. Photographer: Chris Goodney/Bloomberg2015 Bloomberg Finance LP I originall ...
Time To Buy AMZN Stock?
Forbes· 2025-06-05 13:47
A view of the Amazon warehouse in Pawlikowice, Poland on May 29, 2025. (Photo by Jakub ... More Porzycki/NurPhoto via Getty Images)NurPhoto via Getty ImagesAmazon (NASDAQ:AMZN) is really leaning into AI, recently announcing a massive $10 billion investment in new data centers in North Carolina. Like Google and Microsoft, Amazon has been a major player in the AI boom, spending a whopping $222 billion on capital expenditures since 2022.The stock has seen a nice jump lately, climbing 24% from around $167 on Ap ...
Buy HPE Stock At $18?
Forbes· 2025-06-05 13:25
Core Insights - Hewlett Packard Enterprise (HPE) reported Q2 fiscal 2025 earnings of $0.38 per share on revenues of $7.6 billion, slightly exceeding analyst expectations of $0.33 and $7.5 billion respectively [2] - HPE revised its full-year revenue growth outlook to 7% to 9%, down from 7% to 11%, which contributed to stock price stagnation around $18 [2] - The stock is currently valued at 0.7 times its trailing revenues, lower than its three-year average price-to-sales (P/S) ratio of 0.8 [3] Financial Performance - HPE's Q2 results showed a year-over-year revenue growth of 6% and an Annualized Revenue Run Rate (ARR) of $2.2 billion, up 46% [5] - The adjusted gross margin decreased by 370 basis points year-over-year to 29.4%, while net income was impacted by a $1.4 billion non-cash impairment charge, resulting in a GAAP loss of $0.82 per share [6] - HPE's Q3 revenue forecast is between $8.2 billion and $8.5 billion, surpassing the consensus prediction of $8.17 billion [6] Growth Outlook - Analysts expect HPE's sales to grow by 8% this year and an additional 6% the following year, indicating a potential increase in valuation multiples [7] - The average price target for HPE is set at $21, suggesting an upside potential of over 15% from the current price [7] Strategic Initiatives - HPE is focusing on its edge-to-cloud platform transition, particularly through its GreenLake hybrid cloud solution, aimed at generating recurring income [9] - The partnership with NVIDIA for integrated AI computing solutions enhances HPE's competitive position against hyperscaler alternatives [9]
What's Happening With MDB Stock?
Forbes· 2025-06-05 13:22
UKRAINE - 2021/04/29: In this photo illustration, a MongoDB logo seen displayed on a smartphone and ... More a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images MongoDB (NASDAQ: MDB), a prominent database management firm, recently reported impressive Q1 results that greatly surpassed analyst predictions. The company reported adjusted earnings of $1.00 per share on revenue of $549 million, easily exceeding consensus forecasts of ...
What's Behind Newmont Mining's 44% Surge?
Forbes· 2025-06-05 12:05
Factors Influencing Newmont's Stock Movements in Recent Months Newmont (NYSE:NEM)'s stock has experienced quite a bit of volatility this year. It began the year on a weak note, primarily impacted by declining gold prices and concerns regarding costs and production delays. However, things started to improve as gold prices surged—thanks to global uncertainty and increased purchases by central banks. Thus far in 2025, NEM has made a solid recovery, regaining a significant portion of its previous losses. Althou ...
Is Okta's 15% Price Drop A Buying Opportunity?
Forbes· 2025-06-05 11:35
CHONGQING, CHINA - MAY 25: In this photo illustration, the logo of Okta, Inc. is displayed on a ... More smartphone screen, with the latest stock market chart of the company in the background, reflecting investor sentiment and recent trading activity, on May 25, 2025, in Chongqing, China. (Photo Illustration by Cheng Xin/Getty Images)Getty ImagesCybersecurity firm Okta (NASDAQ: OKTA), a frontrunner in identity and access management, has experienced a stock decrease of around 10% in the last month, even afte ...
Gitlab Stock Earnings To Beat Expectations?
Forbes· 2025-06-05 11:05
Core Insights - GitLab is expected to report Q1 results on June 10, with revenues projected at approximately $213 million, reflecting a 26% year-over-year increase, and earnings estimated at $0.15 per share, nearly five times higher than the previous year [2] - The company has a market capitalization of $7.4 billion, with total revenue over the past twelve months amounting to $759 million, and it reported an operational loss of $-143 million and a net income of $-6.3 million [2] - Historical data indicates a strong likelihood of positive stock performance post-earnings, with a 75% probability of a positive one-day return over the last three years [2][4] Earnings Performance - Over the last five years, GitLab has recorded 14 earnings data points, resulting in 10 positive and 4 negative one-day returns, leading to a 71% positive return rate, which increases to 75% when considering the last three years [4] - The median positive return for the 10 positive instances is 12%, while the median negative return for the 4 negative instances is -15% [4] Correlation with Peers - The performance of peer companies can influence GitLab's stock reactions following earnings announcements, with pricing potentially starting before the earnings are released [5] - Historical data shows a correlation between GitLab's post-earnings performance and that of its peers, which can provide insights for trading strategies [5]