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C3 AI Stock Pops on Expanded Partnership With Microsoft
Investopedia· 2024-11-20 00:05
Key TakeawaysC3 AI shares jumped Tuesday as the company expanded its partnership with Microsoft to speed adoption of its enterprise AI software.The company's software will be available on the Microsoft Commercial Cloud Portal.With Tuesday's gains, shares of C3 AI pulled back into positive territory for the year. C3 AI (AI) shares surged Tuesday as the company expanded its partnership with Microsoft (MSFT) in an effort to accelerate the adoption of its artificial intelligence (AI) software on Microsoft Azu ...
Netflix Stock Hits All-Time High With Bump From Tyson-Paul Fight, Beyoncé
Investopedia· 2024-11-19 22:05
Key Takeaways Netflix shares hit an all-time high Tuesday on optimism about the streamer's potential to benefit from live events after last week's boxing match between Mike Tyson and Jake Paul. Analysts raised their price targets for the stock after the event and said Netflix's first NFL games, set to be livestreamed on Christmas, could boost the streamer's subscriber base. With Tuesday's gains, Netflix shares have climbed nearly 80% in 2024. Netflix (NFLX) shares surged to an all-time high Tuesday as Wall ...
S&P 500 Gains and Losses Today: Supermicro Roars Back After Compliance Filing
Investopedia· 2024-11-19 22:05
Key TakeawaysThe S&P 500 added 0.4% on Tuesday, Nov. 19, as investors digested a strong report from a major retailer and awaited more big-name earnings results.Super Micro Computer shares skyrocketed after the server maker filed a compliance plan to avoid delisting by the Nasdaq.Shares of Incyte tumbled as the pharma company discontinued the development of one drug and paused enrollment in another clinical trial. Major U.S. equities indexes were mixed on Tuesday. Concerns about escalating global tensions cl ...
Nvidia Stock Gains Ahead of Earnings as Analysts Grow More Bullish
Investopedia· 2024-11-19 21:00
Key TakeawaysShares of Nvidia climbed Tuesday, a day ahead of the company’s third-quarter earnings report, as analysts grow more bullish.Projections for Nvidia's sales and profits rose in the days ahead of the report.In a note to clients Monday, Stifel analysts issued a "buy" rating for the stock and raised their price target. Nvidia (NVDA) shares climbed Tuesday, a day ahead of the company’s highly anticipated third-quarter earnings, as analysts grow more bullish on the chipmaker's prospects. Projections f ...
Cruise Operator Viking Swings To Profit, Tops Estimates
Investopedia· 2024-11-19 18:55
Core Insights - Viking Holdings reported third-quarter revenue of $1.68 billion and net income of $374.8 million, surpassing analysts' expectations [1][2] - The company achieved a profit turnaround from a loss of $1.24 billion in the same quarter last year [1][2] - JPMorgan analysts raised their price target for Viking Holdings to $50, citing strong booking data for 2025 [3] Financial Performance - Revenue for the third quarter was $1.68 billion, exceeding the consensus estimate [2] - Net income was $374.8 million, or $0.86 per share, compared to a loss of $1.24 billion, or $3.02 per share, from the previous year [2] - The occupancy rate for the third quarter was reported at 94.0%, a slight decline from 94.9% year-over-year and below the expected 95.4% [2] Analyst Sentiment - JPMorgan maintained an "overweight" rating for Viking Holdings, reflecting confidence in the company's future performance [3] - The firm noted that 70% of Viking's capacity for 2025 has already been sold at a 7% higher pricing compared to previous years [3] - Despite a slight dip in share price to $44.93, Viking's stock has increased by 72% since its IPO on May 1 [3]
Two Big Retailers Lifted Their Outlooks Today—With More Results on the Way
Investopedia· 2024-11-19 17:21
Key TakeawaysBoth of the big retail companies to report third-quarter results Tuesday morning lifted their full-year outlooks ahead of the busy holiday selling season.Walmart issued a third upgrade to its outlook since February, offering up optimism about net-profit growth. Lowe's said same-store sales were seen falling less than previously expected. Several other retailers are set to report results and, potentially, update their outlooks later this week. Some big retailers are feeling better about the en ...
Walmart Keeps Picking Up More High-Income Customers
Investopedia· 2024-11-19 17:20
Key TakeawaysHigh-income households are shopping more at Walmart, with its delivery services and membership programs helping drive the growth. CEO Douglas McMillon is optimistic the trend may last "a long time."Food sales grew rapidly, the company said, with many delivery and curbside pickup orders containing gluten-free products and grass-fed beef. Walmart keeps hoovering up high-income households. Walmart (WMT) took market share from food and general merchandisers because it’s pulling in so many big earne ...
What Analysts Think of Target Stock Ahead of Earnings
Investopedia· 2024-11-19 15:46
Key TakeawaysTarget will report third-quarter results Wednesday morning as markets look for data on U.S. consumer spending ahead of the holiday shopping season.Analysts are bullish on Target stock, with 10 out of 16 tracked by Visible Alpha holding "buy" ratings and all but one having a price target above the stock's current levels.Sales and profit are expected to rise narrowly year-over-year as Target has worked to lower prices and win back customers scared off by inflation earlier this year. Target (TGT) ...
US DOJ Plans to Push Google to Sell Chrome, According to Reports
Investopedia· 2024-11-19 13:40
Core Points - The U.S. Department of Justice (DOJ) is preparing to request a judge to consider forcing Alphabet's Google to divest its Chrome browser as part of an antitrust crackdown [1][2] - This move follows a previous DOJ filing that outlined a framework for restructuring Google, which includes breaking up the company due to its illegal monopoly over search [2] - The DOJ is expected to file a court request that could lead to the divestiture of either the Chrome browser or the Android operating system if Google does not limit how it ties its products to its search engine [3] - The DOJ is also seeking to end Google's practice of paying billions annually to partners like Apple to make its search engine the default [3] - Judge Amit Mehta previously ruled that Google had illegally monopolized the search market, a decision that Google plans to appeal [4][5] - The DOJ may also impose data licensing requirements related to Google's artificial intelligence and Android operating system [4] Company Impact - Alphabet's shares experienced a decline of 0.6% in premarket trading, although they have risen by over 25% year-to-date [6] - Google's vice president of regulatory affairs criticized the DOJ's actions, claiming they could harm consumers and American technological leadership [5]
Lowe's Sales, Profit Top Estimates Despite Continued 'Big Ticket' Softness
Investopedia· 2024-11-19 12:31
Lowe's (LOW) reported third-quarter results Tuesday morning above analysts' expectations despite "continued softness" in big-ticket discretionary purchases. Lowe's registered $20.17 billion in revenue for the quarter, below the $20.47 billion it reported a year ago but still better than the $19.89 billion consensus estimate of analysts compiled by Visible Alpha. It posted $1.70 billion in net income, or $2.99 per share, better than projections of $1.60 billion and $2.82 per share, respectively. "Our result ...