Key TakeawaysBlock’s shares were recently higher after dropping yesterday, extending a pullback from early December highs after a steady climb from summer levels. An upgrade from Oppenheimer, which boosted its rating to “outperform” from “perform," and a bullish price target lifted the stock.The analysts cited the expectation of payment value growth at its Square business, an upbeat outlook for profit margins, and its bitcoin mining business as tailwinds for the shares.  Shares of Block rose Thursday mornin ...

Core Insights - Accenture's shares surged after reporting first-quarter results that exceeded analysts' expectations, driven by strong AI bookings and an increase in revenue and profits year-over-year [1][2] - The company reported $17.7 billion in revenue for the quarter, up from $16.2 billion a year ago, surpassing the projected $17.1 billion [2] - Net income for the quarter was $2.28 billion, or $3.59 per share, compared to $1.98 billion, or $3.10 per share, from the previous year, also beating analysts' estimates [3] Revenue Growth Projections - Accenture anticipates second-quarter revenue between $16.2 billion and $16.8 billion, with analysts expecting approximately $16.66 billion [4] - The full-year revenue growth forecast has been lifted to 4% to 7% compared to fiscal 2024, up from a previous estimate of 3% to 6% [4] Earnings Per Share (EPS) Outlook - The company lowered its full-year EPS projection due to anticipated negative impacts from exchange rates, now expecting EPS between $12.43 and $12.79, down from a previous range of $12.55 to $12.91 [5] - Despite the adjustment, this still represents a growth of 9% to 11% from the previous year [5] Market Reaction - Following the announcement, Accenture's shares rose by 7%, bringing them back into positive territory for the year after recovering from prior losses [6]

Key TakeawaysMicron shares traded sharply lower in extended trading on Wednesday after the memory chip maker and Nvidia partner issued a weaker-than-expected current-quarter outlook. The stock looks set to stage a decisive breakdown below a trading range on Thursday, increasing the potential for further earnings-driven selling. Investors should monitor key price levels on Micron's chart around $85, $78, and $72, while also watching an important overhead area near $97. Micron Technology (MU) shares traded sh ...

Micron Technology (MU) issued a revenue outlook that came in below analysts’ expectations, sending shares lower in extended trading Wednesday.  The memory chip maker and Nvidia (NVDA) partner projected fiscal second-quarter revenue of $7.9 billion, give or take $200 million, below the analyst consensus of $8.93 billion compiled by Visible Alpha. The company's forecast for diluted earnings per share (EPS) of between $1.16 to $1.36 was also below estimates.  “While consumer-oriented markets are weaker in the ...

Key TakeawaysNuclear power startup Oklo on Wednesday announced a partnership with data center provider Switch. The news sent Oklo stock higher, before it cooled in late-morning trading. The sides reached a "framework" agreement for Oklo to provide Switch's data centers with 12 gigawatts of power over the next two decades.The deal joins tech's recent push into nuclear energy as tech giants like Amazon and Microsoft look to find power for their growing data centers. Oklo (OKLO), a nuclear energy startup, anno ...

Key TakeawaysGeneral Mills shares fell Wednesday after the company lowered its fiscal 2025 adjusted profit outlook.Second-quarter sales and net income rose year-over-year and beat analysts' expectations.The snack and cereal maker expects adjusted profit to decline from last year because of increased investments. General Mills (GIS) shares moved lower Wednesday morning after the company lowered its fiscal 2025 adjusted profit outlook, offsetting second-quarter results that beat analysts' estimates. The snack ...

Group 1 - Birkenstock reported fourth-quarter results exceeding expectations, with a profit of €52.5 million ($55.1 million) on revenue of €455.8 million ($478.2 million) [2] - The company's full-year revenue reached €1.80 billion, reflecting a 21% growth from fiscal 2023 [3] - Birkenstock anticipates constant-currency revenue growth of 15% to 17% in fiscal 2025, alongside improvements in gross profit margins as new production capacity investments take effect [4] Group 2 - The profit margins for Birkenstock were lower than the previous year, but the company expects improvements in the upcoming year [1][4] - Following the positive earnings report, Birkenstock shares experienced a rise, gaining 5% in premarket trading after a 15% increase earlier in the year [4]

Key TakeawaysNvidia shares fell for the fourth straight session on Tuesday, extending their slide into a technical correction as the stock is down 15% from last month's record high.After setting a record high, the stock traded mostly sideways before falling below the 50-day moving average late last week. potentially setting the stage for further consolidation.Investors should watch key support levels on Nvidia's chart around $115 and $102, while also monitoring important resistance levels near $140 and $150 ...

Group 1 - Honda and Nissan are planning to begin negotiations for a possible merger, which could also involve Mitsubishi Motors, creating a larger competitor to Toyota in Japan [1][2] - The companies aim to sign a memorandum of understanding to negotiate shared equity in a holding company for the combined automaker [2] - Honda, Nissan, and Mitsubishi sold a total of 3.7 million vehicles in the six months ending September 30, compared to Toyota's 4.5 million [3] Group 2 - The partnership between Honda and Nissan regarding electric vehicles was established in March, with Mitsubishi joining in August [3] - U.S.-traded shares of Nissan increased significantly, while Honda's shares saw a slight rise following the news [3] - Company spokespeople indicated that Honda and Nissan are exploring various collaboration possibilities to leverage each other's strengths [3]

Key TakeawaysJefferies analysts boosted their price target on Planet Fitness, calling the gym operator the "Walmart of Gyms," alluding to the chain's large size and low prices.The analysts made Planet Fitness their Top Pick for 2025 in the fitness & wellness sector, and maintained a "buy" rating on the stock.Jefferies said Planet Fitness is benefiting from healthy living trends and from charging higher membership prices. Planet Fitness (PLNT) shares advanced Tuesday after Jefferies research analysts called ...