IBM (NYSE: IBM) stock price has pulled back sharply in the past few weeks as the recent bull run fades. It has retreated in the past four straight weeks and moved to its lowest point since February 20th. That means that the stock has plunged by over 8.75% from its highest level this year, meaning that it is nearing moving into a correction. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.IBM earnings previewCopy link to sectionIBM is bracing for a hig ...

Companies occasionally hit watershed moments – when the next few hours, and next big announcement, can determine the trajectory of its stock price for years to come.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.It certainly feels like that’s where Tesla (Nasdaq: TSLA) is today. The company is set to report its Q1 financial results for the 2024 financial year later today – and it’s certainly ‘interesting times’ for the company, as the old Chinese cur ...

Broadcom (NASDAQ: AVGO) stock price has entered a deep correction zone as the recent rally faded. It has collapsed by over 15% from its highest point this year and is hovering at its lowest level since February this year. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Internal and external factorsCopy link to sectionThere are three main reasons why the AVGO share price has entered a correction phase – defined as a 10% drop from a recent high.  First, ...

Core Insights - Li Auto Inc is experiencing a significant decline in stock price, down nearly 8.0% following an investigation announcement by Pomerantz LLP regarding potential securities fraud or unlawful business practices [1][2] - The investigation comes after Li Auto revised its Q1 delivery forecast from a maximum of 103,000 vehicles to 78,000 vehicles, with earnings report scheduled for May 8th [2] - The stock has decreased nearly 50% since late February [2] Price Adjustments - Li Auto has reduced vehicle prices by up to ¥30,000, affecting models such as L7, L8, L9, and the new Mega SUV [4] - This price cut is seen as a strategy to increase demand and compete with Tesla, which also lowered its Model 3 price by ¥14,000 in China [4] - Tesla has similarly reduced prices in other markets, including Germany, and its stock is down close to 50% since the beginning of the year [4]

Albertsons Companies Inc (NYSE: ACI) is trading down in premarket on Monday even though it reported better-than-expected financial results for its fiscal fourth quarter. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Why is Albertsons stock down today?Copy link to sectionThe price action is interesting also because the retail chain saw its digital sales went up 24% on a year-over-year basis in Q4.  Albertsons ended the quarter with 39.8 million loyal ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >Telecommunications company Verizon Communications today announced their Q1 2024 results on April 22nd.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.The results improved upon Verizon’s disappointing Q4 2023 performance announced earlier this year, but failed to live up to expectations. The financial resultsCopy link to sectionVerizon revenues for Q1 2024 were $33.0 billion for ...

In the latest entry to the enduring saga of shareholders versus fast food chains, The Shareholder Commons (TSC) has filed a notice of exempt solicitation against McDonald’s Corporation with United States regulator the Securities Exchange Commission (SEC). Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.The filing, submitted to the SEC on April 18th, regards McDonald’s use of antibiotics in both its beef and pork products. It urged that the company “ad ...

Lululemon (NASDAQ: LULU) stock price has just formed a highly dangerous chart pattern pointing to more downside. After peaking at $515.50 in December, the stock has plunged to $350, a 31% decline. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Lululemon Athletica woesCopy link to sectionLululemon Athletica is one of the best-known apparel retailer in the world. The company is best-known for changing the athleisure industry and taking it mainstream. T ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >Today, one of this earnings season’s most eagerly anticipated companies released their latest financial results.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.The Taiwan Semiconductor Manufacturing Company (TWSE: 2330, NYSE: TSM) reported its Q1 results for 2024 on April 18th, during the Taiwanese afternoon. The company announced net income of NT$225.49 billion (approximately ...

Financial Performance - Las Vegas Sands Corp. reported a net revenue of $2.96 billion and a net income of $583 million for Q1 2024, exceeding market expectations [1] - Sands China Ltd., a subsidiary, saw total net revenues surge by 42% to $1.80 billion, with net income reaching $297 million, a significant turnaround from a net loss of $10 million in Q1 2023 [6] Segment Performance - In Macao, the company achieved an Adjusted Property EBITDA of $610 million, although it faced a $31 million reduction due to a low hold on rolling play [2] - Conversely, Marina Bay Sands in Singapore reported an Adjusted Property EBITDA of $597 million, benefiting from a high hold on rolling play, leading to a $77 million increase [2] Strategic Initiatives - The company is committed to strategic investments to enhance its market position and deliver sustainable growth, with ongoing capital expenditure programs in Macao and Singapore [3][4] - Las Vegas Sands' financial strength and industry-leading cash flow allow it to pursue growth initiatives while returning excess capital to shareholders [4] Shareholder Returns - During Q1 2024, the company repurchased $450 million of its common stock and paid a quarterly dividend of $0.20 per common share, reaffirming its commitment to enhancing shareholder value [5][7] - The company remains optimistic about growth prospects in Macao, Singapore, and other potential markets, positioning itself to capitalize on emerging opportunities [7]