Key TakeawaysAdobe shares fell sharply in premarket trading on Thursday after the multimedia software provider issued a weaker-than-expected revenue outlook.The stock has traded higher within a rising wedge, mimicking a similar pattern that formed on the chart between July and September.Investors should watch crucial support levels on Adobe's chart around $500, $475, and $440, while also monitoring important overhead areas near $565 and $635. Adobe (ADBE) shares fell sharply in premarket trading on Thursday ...

Key TakeawaysMicrosoft said it expects to take an impairment charge of roughly $800 million after General Motors halted the development of Cruise autonomous vehicles.The tech giant and others like Honda and Walmart invested in the "robotaxi" startup over the last decade.GM said late Tuesday that it would end development of the robotaxis because of the cost to scale the project, and shift the team to developing other driver assistance programs. Microsoft (MSFT) will take an $800 million impairment charge in ...

Key TakeawaysTesla shares soared to a new all-time high Wednesday as the stock gained ground for the sixth straight day, extending a huge post-election rally.Since breaking out from an ascending triangle early last month following the election, Tesla shares have continued to trend sharply higher.The measuring principle, which calculates the percentage change between the ascending triangle’s lower and upper trendlines and adds it to the pattern’s top trendline value, forecasts a bullish price target of $585. ...

Key TakeawaysShares of Google parent Alphabet surged to an all-time high Wednesday after the tech giant unveiled its latest AI model with Gemini 2.0 and U.S. President-elect Donald Trump tapped Andrew Ferguson to lead the Federal Trade Commission.The gains also came a day after the tech giant showcased its new quantum computing chip Willow.Bank of America analysts said the chip shows Alphabet remains at the leading edge of innovation, even if practical applications could be years away. Shares of Google pare ...

Key TakeawaysGE Vernova shares gained 5% on Wednesday, one day after the energy equipment maker raised its long-term sales outlook, declared a dividend and announced a stock-buyback plan. The stock broke down below the lower trendline of an ascending triangle on Tuesday, but staged an intraday reversal to close back within the pattern today, potentially creating a bear trap.Investors should watch important overhead areas around $355 and $400, while also monitoring key support levels near $295 and $258. GE V ...

Key TakeawaysTesla shares surged nearly 6% Wednesday to notch their first record close in three years.The gains came after Goldman Sachs and Morgan Stanley analysts raised their price targets, though they represented a discount from Tesla's record closing price Wednesday.Tesla shares have surged since Donald Trump's reelection, amid hopes CEO Elon Musk's close ties with the President-elect could benefit the company. Tesla (TSLA) shares soared nearly 6% to close at an all-time high of $424.77 Wednesday, mark ...

Adobe (ADBE) issued a revenue outlook that came in below analysts’ expectations, sending shares lower in extended trading Wednesday.  The Creative Cloud software provider projected 2025 revenue of $23.3 billion to $23.55 billion, below the analyst consensus of $23.77 billion from Visible Alpha. Its first-quarter revenue forecast of $5.63 billion to $5.68 billion also fell short of expectations. In its fiscal fourth-quarter, Adobe delivered revenue of $5.61 billion, up 11% year-over-year, and above the anal ...

Key TakeawaysTesla shares climbed to a record high Wednesday, in the sixth straight day of gains for the electric vehicle maker's stock.The gains came after Goldman Sachs and Morgan Stanley analysts raised their price targets, though they represented a discount from Tesla's record closing price Wednesday.Tesla shares have surged since Donald Trump's reelection, amid hopes CEO Elon Musk's close ties with the President-elect could benefit the company. Tesla (TSLA) shares soared nearly 6% to close at a record ...

Key TakeawaysApple is teaming with Broadcom to develop its own artificial intelligence (AI) chip, according to reports, in a move that could reduce Apple's reliance on AI chip giant Nvidia.The chip, code-named Baltra, is expected to be ready for mass production in 2026.Separately, Apple Intelligence received another update that includes ChatGPT integration with Siri. Apple (AAPL) is reportedly working to develop its own artificial intelligence (AI) chips, in a move that could make it less reliant on AI chip ...

Core Insights - Lowe's held its annual investor day, outlining plans for 2025 and beyond, focusing on returning to revenue growth [1][2] - The company anticipates a decline in sales for 2024 due to inflation and a sluggish housing market [1][4] - Lowe's aims to increase market share among professional contractors and expects an improved housing market to positively impact sales [1][3] Financial Projections - For fiscal 2024, Lowe's projects revenue between $83 billion and $83.5 billion, a decrease from $86.38 billion in fiscal 2023, with comparable store sales expected to decline by 3% to 3.5% [4] - Looking ahead to fiscal 2025, Lowe's forecasts potential sales growth, estimating revenues could range from $82 billion to $87 billion depending on market conditions [5][6] Market Trends and Strategies - The retailer plans to enhance its offerings with a revamped rewards program and expanded online product selection to attract both DIY customers and professional contractors [3][7] - Over the next three to five years, factors such as lower mortgage rates and increased consumer confidence are expected to drive sales growth [7] - The company acknowledges the impact of macroeconomic factors on consumer spending, particularly in the "big ticket" categories [8][9]