There was a lot of hype surrounding Nvidia Corp's (NASDAQ:NVDA) fourth-quarter earnings, and the semiconductor giant delivered. Shares are up 15.3% at $777.62 at last check, and earlier hit a record high of $779, after the artificial intelligence (AI) boom drove results higher than analysts expected. Nvidia recorded adjusted earnings of $5.16 per share on revenue of $22.1 billion, and also lifted its revenue outlook for the current quarter.The AI buzz has helped tech stocks to a great year already, and anal ...

Block Inc (NYSE:SQ) is slated to step into the earnings confessional after the market closes tomorrow, Feb. 22. Wall Street is anticipating the fintech concern's earnings to come in at 47 cents per share on revenue of $5.43 billion, representing a year-over-year gain for both figures.Looking at Block's earnings history, its shares were higher after five of its past eight post-earnings sessions, including a 10.7% pop after its November report. In the last eight quarters, SQ averaged a swing of 8.9%, regardle ...

Evercore ISI downgraded the machinery sector this morning, including blue-chip giant  Caterpillar Inc (NYSE:CAT), which it cut to "in line" from "outperform." The firm cited the stocks' high valuation after a period of outperformance over the past two years, and raised CAT's price target to $338 from $321. At last glance, Caterpillar stock was down 1.9% at $315.87. The stock hit a Feb. 5 post-earnings record high of $334.87, and is starting the week fresh off four-straight weekly gains. Since last February, ...

Trade Desk Inc (NASDAQ:TTD) stock is soaring to two-year highs, up 15.1% at $87.14 at last glance, after the company's upbeat first-quarter revenue forecast and flood of analyst bull notes. No fewer than 14 analysts lifted their price targets, including Piper Sandler to $105 from $80, citing momentum related to TV ads and retail media segments. For the fourth quarter, the software name posted an earnings miss but better-than-expected revenue. Options traders are optimistic too, with 104,000 calls exchanged ...

Heavy equipment manufacturer Deere & Co (NYSE:DE) surpassed top- and bottom-line expectations for the fiscal first quarter, but also cut its 2024 profit forecast due to demand concerns amid higher borrowing rates and lower crop prices. Ahead of the open, DE is down 3.6% at $371.Should these losses hold, the security will break below a floor at the $375 level, which has been in place since a December bull gap. Meanwhile, the $405 region rejected the equity's early January pullback. Over the past six months, ...

Shares of technology powerhouse Adobe Inc (NASDAQ:ADBE) are 0.6% higher to trade at $605.25 this afternoon. The stock has so far shed 2.4% in February, taking its year-to-date lead dangerously close to breakeven. However, ADBE is still 59.8% higher in the last 12 months, with support stemming from a moving average that has proven to be bullish time and again.According to Schaeffer's Senior Quantitative Analyst Rocky White, the equity is trading within one standard deviation of its 100-day moving average, af ...

Airbnb Inc (NASDAQ:ABNB) stock is brushing off a fourth-quarter top-and bottom-line beat and better-than-expected fiscal first-quarter forecast, down 4.4% to trade at $144.25 at last check. The company noted strong demand for international travel, as well as longer bookings.No fewer than nine brokerages raised their price targets, including Susquehanna to $180 from $160. Meanwhile, D.A. Davidson downgraded the security to "neutral" from "buy," as Deutsche Bank and UBS cut their price objectives to $135 and ...

Mizuho and UBS both lifted their price targets by at least $200Nvidia Corp (NASDAQ:NVDA) is continuing its record-setting run, up 17% since the start of February and yesterday marking a fresh record high of $746.11. The stock is slightly higher today too, though paring larger gains from this morning after two hefty price-target hikes. Mizuho upped its price objective to $825 from $625, while UBS raised its to $850 from $580.Notably this week, Nvidia just surpassed Amazon.com (AMZN) in market value. Plus, Be ...

Subscribers to Chart of the Week received this commentary on Sunday, February 11.While it takes very little for Elon Musk’s Tesla Inc (NASDAQ:TSLA) to stay in headlines, this past week saw an interesting take from online business publisher Institutional Investor. In a Feb. 6 post titled, "Tesla Short Sellers Are in the Black This Year" author Michelle Celarier described the electric vehicle (EV) maker’s lackluster performance on the charts in the past 12+ months with the caveat that short sellers have exper ...

Dow member Coca-Cola Co's (NYSE:KO) fourth-quarter earnings came in line with estimates, while revenue beat expectations amid higher prices and strong demand. The shares are up 1.2% at $60.41 at last check, with support from the 60-day moving average in place after a rally earlier this month lost steam at the $61 level. Coca-Cola stock shed 5.9% in the last nine months, but sports a small year-to-date lead.Call volume is today running at 11 times the intraday average, with 27,000 calls traded so far, compar ...